Message from @blueorbit

Discord ID: 790772041564422144


2020-12-22 02:26:00 UTC  

Thank you but I just changed my name😂 was beckifaye13

2020-12-22 02:30:12 UTC  

Oh, my bad! Sorry.

2020-12-22 02:30:15 UTC  

Well in that case I take back my friendly wave 😉

2020-12-22 02:30:49 UTC  

😂

2020-12-22 02:32:24 UTC  

I’m a true blue conservative but gosh I’m tired getting my hopes up and they get sank

2020-12-22 02:33:55 UTC  

It will all be fine.

2020-12-22 02:34:45 UTC  

Feels like Groundhog Day, loosing over and over again

2020-12-22 02:35:05 UTC  

I love that movie though

2020-12-22 02:35:28 UTC  

question for you all

2020-12-22 02:35:29 UTC  

@Diablodeathlord, you just advanced to level 2!

2020-12-22 02:36:14 UTC  

Has Joe biden already out classed bill clinton how did kamala harris get vp slot my guess is jill doesn't know bout it yet

2020-12-22 02:36:41 UTC  

Jill doesn’t know anything

2020-12-22 02:38:04 UTC  

Have you seen some older YouTube videos about awkward Joe moments on tv

2020-12-22 02:40:15 UTC  

Joe is swamp we all know if and i hope one of his aids gets the hair sniff treamtmnet they get what they deserve F BIDEN

2020-12-22 02:40:48 UTC  

He will undo all the good

2020-12-22 02:41:00 UTC  

"We’re going to lose so much, you’re going to be so sick and tired of losing"

2020-12-22 02:41:41 UTC  

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

2020-12-22 02:42:04 UTC  

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

2020-12-22 02:43:42 UTC  

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

2020-12-22 02:44:06 UTC  

You know trump wanted $2000

2020-12-22 02:45:46 UTC  

Ikr I can barely buy any Bitcoin with $600

2020-12-22 02:49:56 UTC  

How do you buy block chain

2020-12-22 02:53:11 UTC  

one link at a time

2020-12-22 02:54:15 UTC  

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

2020-12-22 02:55:31 UTC  

Yes I know but you gotta live once in a while

2020-12-22 03:07:14 UTC  

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.

2020-12-22 03:09:31 UTC  

oh fyi just saw

2020-12-22 03:09:43 UTC  

Your employeer can fire you if you refuse or don

2020-12-22 03:09:52 UTC  

don't get covid vacine

2020-12-22 03:12:24 UTC  

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.

2020-12-22 03:12:40 UTC  

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

2020-12-22 03:16:48 UTC  

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.

2020-12-22 03:17:26 UTC  

Edit: puts*

2020-12-22 03:17:55 UTC  

you should study federal reserve balance sheets

https://cdn.discordapp.com/attachments/772982351520333824/790780132271980584/federal_reserve_balance_sheet.PNG

2020-12-22 03:18:13 UTC  

I have.

2020-12-22 03:18:36 UTC  

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

2020-12-22 03:19:14 UTC  

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

2020-12-22 03:19:14 UTC  

How could they not have religious exemptions and medical exemptions.

2020-12-22 03:21:23 UTC  

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

2020-12-22 03:22:14 UTC  

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.

2020-12-22 03:23:07 UTC  

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