Message from @Arnold Jacobs is legend
Discord ID: 788277530897023006
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?
It all goes back go trade, and faith in the dollar as i said before
@Arnold Jacobs is legend yes the faith in the dollar, you are reffeirng to the dollar index. like i said we have had times of credit expansion and a increase in delta dollar index
The us can maintain large deficits as long as other countries support it and they do due to the dollar being the worlds reserve currency
wow
holy shit