Message from @Arnold Jacobs is legend
Discord ID: 788409498011303977
Ive said that since the beginning
ok dude
if you said that then i have been adressing your point
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
Ive been trying to tell you we agree on so much and thats why we keel screaming
*keep
AGAIN
WHAT ARGUMENT ARE YOU MAKING
But you fail to address this strict numbers game is not how the real world works
I ASKED IF YOU THINK DEFICITS WOULD CAUSE A DOLLAR INDEX, YOU SAID NO FIRST NOW YOU SAY YES
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]
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The us cant just print money for federal spending without being proportional to gdp
ok so we are talking monetary policy?
fiscall aswell now
again
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]
?
which one are u making
1 or 2
What is 6:08 am
i have my clock set to a different time
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]
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You even said okay dude
YES THEN YOU RETRACTED IT
again get in vc if u want
Now you’re trying to back track again just for arguing purposes
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?
awsner
The us dependency on intermediate resources makes it necessary to trade internationally to produce
Without production money is worthless
i already addressed how not being on this would collapse the us economy and cause hyper inflation
awsner
Money is limited by resources as you have pointed out
no its not
money is credits
it takes nothing to produce
You said it yoursef
there is a constraint
You literally said it yourself
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?
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?