Message from @vbonecrusher1014
Discord ID: 788276218226278400
that could never happen
because we issue our own currency
Having money is worth nothing if you have no means of producing goods or services
Look at the weinmar republics fall
its not i already put a article study on it, taxes do not fund federal programs
They only recovered by increasing tax and cutting spending with the nazis
if you read my copy pasta i legit say real recources is the constraint, if you read any mmt or post keynes that is what they say
What im saying is taxes must fund spending for the us to engage in trade
The us must engage in trade to produce goods and services
petter schiff is a fucking moron who uses nominal terms of debt and deficit and thinks the dollar would have collapsed. i have no intrest in reading anything about this fucking clown.
If you cant produce goods and services the country is broke
For all intents and purposes
read
taxes are used to create demand for the dollar
You aren’t addressing the argument here
Jesus what a response from Bonecrusher. Lol
Get off Schiff for a minute
no i hate him
i dont give a shit
Goddamn
You aren’t addressing the point though
May I ask how far into your education you are
A country that cant produce goods or services for its people is bank rupt
About 6 inches if your mom was my education
🤡
Lmao
Grim has 69 degrees
🤡🥳
^^ it's true
your point is taxes fund federal programs i already listed studies debunking that, as for bankrupt, bankrupt in the sense of having no more money not being able to produce. I already stated the constraint of credit expansion is real recources, namely employment.
No thats not my point read what i said
A country that cant produce goods or services
that is what you said
that is what i said
real recources, employment, long run average supply ect
It is possible to fund federal programs without taxes but you damage the currency in the process
The only reason the us is able to maintain its large deficits is due to its reserve currency status
its already been happening this is not something new, the dollar has not collapse and it will not based on a purely monetary phenomenom, i have said this 10 times now i think. REAL RESOURCES IS WHAT MATTERS