^^ 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

and the fact we issue our own currency and are monetarily sovreighn

arnold do you know why japan runs a 200 percent + defecit

as a ratio ofc?

But hey who are you going to trust on finances- millionaires who invest and advise on it for a living or a kid getting into college debt

do you know why there inflation rate is like .3 percent

well below the us goal of 2 percent

You still aren’t addressing my point

holy shit

Probably a freshman econ student

i have linked the study by phds, what are you on about

Stop cursing and address my point on trade

i did

holy hsit

That doesn’t address the foreign standing of the currency

In order to produce we must trade

🤡

@Arnold Jacobs is legend japan is not the reserve currnecy but they are able to have a higher deficit ratio then us. And yes in order to produce we must trade. IF your worry is the dollar index lowering there is no 1:1 ratio of credit expansion and lowering of the dollar index. The dollar index operates alot like a stock price

we have had times off massive quantitiative easing and higher dollar index

idk what your on about

Japan has the largest investment of us debt actually

So lol

what are you on about

how does that awnser the question

Lol im talking about international trade

again how can japan have a 200+ percent ratio

yes you are talking about trade

your worry on trade is the dollar index

Owning us debt

which is a bs argument

yes

and?