I’m there already. Now I can’t myself get my hopes up

no good will come from it i'm getting 600 dollars for a new weapon system

Wow I’ve got $600 to spend too and may need that weapon system

You know trump wanted $2000

Ikr I can barely buy any Bitcoin with $600

How do you buy block chain

one link at a time

printing money and handing it to people for doing nothing is not really a conservative principle

Yes I know but you gotta live once in a while

It’s a moving goalposts. It’s not even a liberal principle. It’s a monetary principle. The objection isn’t in printing money and handing it to people. Expansion of the monetary supply through fractional reserves has been practiced for over 50 years. It’s the moral hazard when your expansion is decoupled from measurable results or when you have 3x mandates that are competing with each other.

oh fyi just saw

Your employeer can fire you if you refuse or don

don't get covid vacine

Dear sir, The Penn case before SCOUTUS - if i were the judge - i would have to dismiss it coz the state supreme court has already dealt with all the questions raised here. The Penn State legislature delegate the tasks of running to the Executive (through obviously a piece of delegated legislation). Thus extending time for accepting ballots is solely the Exec prerogative now. Full stop.

fractional reserve goes back much further than 50 years ... what I'm talking about is the fiat currency system and in particular where the federal government issues debt to spend more than it takes in and the federal reserve monetizes that debt (that's the fiat currency part) ... didn't claim it was liberal principle, just that it is NOT a conservative one

The fiat part is that the currency is issued and not based on anything. We do not monetize debt yet. That’s MMT. We just have puts baked into our markets because of all the assets the Fed buys up. I am also fairly certain the US money supply was not expanded through open market operations until recently. Source: I studied economics.

Edit: puts*

you should study federal reserve balance sheets

I have.

@Diablodeathlord there must be ways not to get it like religious belief or health problems like big time allergies

when the balance sheet goes up that's monetization ... who do you think bought the treasuries?

How could they not have religious exemptions and medical exemptions.

I’m disabled so I can’t get fired but in the next 4 years I could loose Medicare or SSDI because Joe has a past of wanting to cut those

Those are open market operations, not aimed at monetizing debt like MMT. The difference is that monetizations purpose is solely to fund debt. Open market operations can be reversed. And conceivably before Powell, you would expect them to come off balance sheets during the expansions to slow down the economy. It hardly matters though because they said moral hazard doesn’t matter and they have signaled that they have the mandate of low unemployment, strong total cap returns and stable money growth. They can reasonably only focus on one of those.

Joe can’t do anything by himself. Democrats own the house. Seems unlikely.

If conservatives win the senate it’ll be ok for the next 4 years

they bought Treasury securities ... now how do they buy any asset? they create the money out of thin air and buy it (that's how a fiat currency system works) when they buy treasuries that is monetizing the federal debt ... if they were to sell those assets and more importantly reduce their balance sheet that would be de-monetizing the debt which they haven't and won't and can't do ... whatever their claimed aim they are definitely monetizing the debt

Hopefully. Hopefully you are okay either way.

Yes I hope so. Very hard times. Being isolated because you have health conditions. And this world is so hardened. Thank goodness I have faith

It’s hard on everyone

You believe what you want to believe man. I am not arguing, I have spent years studying this professionally, academically and in my off time. Debt monetization is a specific term. If there is a gold bug YouTuber redefining, good for them. But open market operations aren’t generally considered debt monetization by most economist. MMT is debt monetization. Open Market operations have been used to expand the fractional reserves for 50 years. So if you disagree, that’s cool. But unless I see evidence it’s not worth arguing to me.

seems as if Trump is doing just about everything he can to lose the Senate for the Republicans

Awe. We need him to help us win

if you're so smart then explain how an expansion of the federal reserve balance sheet is not also an expansion of the money supply AND explain how when that very balance sheet is filled with treasuries that is not monetizing the federal debt ... heck just define MMT ... I noticed how instead of explaining how I was incorrect you resorted to using undefined terms like MMT and then claiming I'm watching some YouTube gold-something or other ... here you want to see evidence look straight at the own Federal Reserve policy decisions from March where they say "The Committee directs the Desk to increase over coming months the System Open Market Account holdings of Treasury securities and agency mortgage-backed securities (MBS) by at least $500 billion and by at least $200 billion, respectively. " ... expand the balance sheet (print money) by buying treasuries (debt monetization) https://www.federalreserve.gov/newsevents/pressreleases/monetary20200315a1.htm

MMT is modern monetary theory

It’s when all debt is funded by printing money

So in effect you tax everyone

Also source

Econ degree

how is it helping when his own folks are calling for boycotting the election

The fact you don’t know think that’s wrong explains how economically literate you are.