Message from @Arnold Jacobs is legend
Discord ID: 788413557444182036
vbonecrusher1014Yesterday at 7:40 PM
taxes are used for 2 things. For deflationary purposes, and to create demand for the dollar. Notice how "to fund government spending" is not one of them. Hypothetically speaking the us can fund programs without needing tax dollars. In order to do the united states expands credit and auctions us treasury bonds. With that in mind it is also important to understand that the debt, nominally, and even debt(deficit if you want)/GDP are not important figures of finding out our "ceiling" of what we can spend. In order to find this ceiling we must look at inflation, and if we are looking at inflation or rather;how much can we increase aggregate demand without increasing inflation past 2 percent(the feds goal), we must focus on real recourses. This dichotomy flips our political system on its head. Politicians (mostly republicans at this point) use the debt as a dog whistle so that they can block any social programs then go on to push for military budget increases and tax cuts that dis proportionally aid the wealthy. this is a copy pasta i use
MystikaYesterday at 7:40 PM at 10 40 i made this argument at 11 35 you sent me the article from schiffgold
your a fucking dipshit
that cant read
You keep trying to straw man my argument to the sources I USED to make a point
YOU MADE A POINT WHICH I DISPROVED YOU FUCKING IDIOT. AGAIN I ASKED YOU THIS 10 TIMES ARE YOU MAKING THE POINT THAT WAS MADE IN THE ARTICLE
?
Im not going to keep repeating myself
You never disproved it
holy shit people cant be this stupid
You just keep screaming
It doesnt change anything
WAIT I NEVER DISPORVED HOW RUNNING A DEFICIT(LIKE WE RUN NOW) AND BEING ONA FIAT SYSTEM WOULD NOT MEAN A COLLAPSE OF THE DOLLAR INDEX?
ARE YOU KIDDING ME
your honestly a fucking retard
Look up where you said okay dude
We communicated clearly my point
Now youre trying to back pedal
your a fucking retard im blocking you, you cant fucking read. pls never open your fucking mouth. never talk about economics or debate anyone ever again. i already disporved both of these points. i had to spam something so you can read. fucking read a book retard
Monetary systems will collapse when you have no resources
in order for there to be a collapse of manufacturing there would be a collapse of the dollar index. Like i already said there is no direct 1:1 causation of large deficits a decrease in the dollar index. Again i ask why can japan have a almost double deficit ratio then us but have lower inflation. As for manufacturing(which is real recources) i already stated i agree. that is the constraint of the deficit. MMT agrees this is the response to that article
your just a fucking moron
pls stop messaing me
You keep intentionally missing my point
honestly one of the biggest retards ive ever met
That isn’t addressing the argument here
You got it earlier
THAT IS ADRESSING THE ARGUMENT MADE IN THE ARTICLE YOU LINKED YOU FUCKING RETARD SCUM
Now youre arguing just to argue and getting angry
YOU JUST HAVE NO IDEA WHAT THE DOLLAR INDX MEANS
because once again your a fucking retard
Ive told you a thousand times point was not the article i was using it to make a point
My point is larger than the dollar index
yes i debunked the point made in the article
you fucking autis
Im not just talking about the article
why would you link a article then say dude that not the point im making
Why cant you get that
are you actually that sped?
Im using it to make a point not quoting it
Thats common practice in research