Message from @Arnold Jacobs is legend

Discord ID: 788409498011303977


2020-12-15 14:15:12 UTC  

Ive said that since the beginning

2020-12-15 14:15:18 UTC  

ok dude

2020-12-15 14:15:25 UTC  

if you said that then i have been adressing your point

2020-12-15 14:15:48 UTC  

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 i talk about it here

2020-12-15 14:15:53 UTC  

Ive been trying to tell you we agree on so much and thats why we keel screaming

2020-12-15 14:15:56 UTC  

*keep

2020-12-15 14:15:58 UTC  

AGAIN

2020-12-15 14:16:03 UTC  

WHAT ARGUMENT ARE YOU MAKING

2020-12-15 14:16:20 UTC  

But you fail to address this strict numbers game is not how the real world works

2020-12-15 14:16:20 UTC  

I ASKED IF YOU THINK DEFICITS WOULD CAUSE A DOLLAR INDEX, YOU SAID NO FIRST NOW YOU SAY YES

2020-12-15 14:16:44 UTC  

awsner the question, are you making the argument running a deficit and being on a fiat system would collapse the us dollar leading to a collapse of us trade, or we should just not rely on other countries "because it is not safe"
[6:08 AM]
?

2020-12-15 14:16:58 UTC  

The us cant just print money for federal spending without being proportional to gdp

2020-12-15 14:17:16 UTC  

ok so we are talking monetary policy?

2020-12-15 14:17:20 UTC  

fiscall aswell now

2020-12-15 14:17:21 UTC  

again

2020-12-15 14:17:24 UTC  

awsner the question, are you making the argument running a deficit and being on a fiat system would collapse the us dollar leading to a collapse of us trade, or we should just not rely on other countries "because it is not safe"
[6:08 AM]
?

2020-12-15 14:17:29 UTC  

which one are u making

2020-12-15 14:17:31 UTC  

1 or 2

2020-12-15 14:17:32 UTC  

What is 6:08 am

2020-12-15 14:17:40 UTC  

i have my clock set to a different time

2020-12-15 14:17:52 UTC  

I have told you several times my argument

2020-12-15 14:17:57 UTC  

again i ask awsner the question, are you making the argument running a deficit and being on a fiat system would collapse the us dollar leading to a collapse of us trade, or we should just not rely on other countries "because it is not safe"
[6:08 AM]
?

2020-12-15 14:17:59 UTC  

You even said okay dude

2020-12-15 14:18:09 UTC  

YES THEN YOU RETRACTED IT

2020-12-15 14:18:13 UTC  

again get in vc if u want

2020-12-15 14:18:14 UTC  

Now you’re trying to back track again just for arguing purposes

2020-12-15 14:18:48 UTC  

arnold, i will ask you this for the last time, do u think running a large deficit and being on a fiat system would cause a dollar collapse?

2020-12-15 14:18:50 UTC  

awsner

2020-12-15 14:18:53 UTC  

The us dependency on intermediate resources makes it necessary to trade internationally to produce

2020-12-15 14:19:06 UTC  

Without production money is worthless

2020-12-15 14:19:10 UTC  

i already addressed how not being on this would collapse the us economy and cause hyper inflation

2020-12-15 14:19:20 UTC  

awsner

2020-12-15 14:19:39 UTC  

Money is limited by resources as you have pointed out

2020-12-15 14:19:45 UTC  

no its not

2020-12-15 14:19:49 UTC  

money is credits

2020-12-15 14:19:52 UTC  

it takes nothing to produce

2020-12-15 14:19:54 UTC  

You said it yoursef

2020-12-15 14:19:54 UTC  

there is a constraint

2020-12-15 14:20:09 UTC  

You literally said it yourself

2020-12-15 14:20:14 UTC  

arnold, i will ask you this for the last time, do u think running a large deficit and being on a fiat system would cause a dollar collapse?

2020-12-15 14:20:19 UTC  

arnold, i will ask you this for the last time, do u think running a large deficit and being on a fiat system would cause a dollar collapse?