Message from @Mystika
Discord ID: 788251736716345345
federal programs are funded by the fed typing a number into a computer, we can do this because we are monetarily sovreighn. This means we issue our own currecny, we have a fiat system(no gold standard its ew), most our debt is owned in our own currency, and we are the reserve currency(just a extra part)
okay now let me read your thingy
i study econ so sorry if it gets confusing
but you are a nurse
so you very smart lady
No
I'm a drug dealer
In pharmacy
big pharma
i mean still smart
but thanks ig lol
https://youtu.be/fg0R9Ye2ovM this vid is good
So I'm trying to understand what you're saying. You're saying the debt doesn't really matter all that much in the long run because the fed can just make more money, so we should go ham and pump it into the economy somehow ?
Lmao I'm trying to summarize
no
I didn't study econ in uni
i am saying the deficit and the debt do not matter in nominal terms or ratio terms
as in 27 trillion
or 100 percent og gdp
of
Happen
like i said the question of taxes dont matter
idk if u know but the first question asked on free college is how do u pay for it
many conservatives say but that requires more taxes
ect ect
Yeah so I would say it requires more taxes, but I think it needs to be looked into where those taxes are going specifically
it does not
And if it's local, that wouldn't be federally funded right ?
if its state funded then you need taxes
federal no
we are not at full employment inflation is not a issue right now
once we start to reach full employment then we should stop increasing
So you're saying it should move to being funded federally
rather than state
medicare and medicaid is funded federally
public option is federal
free college would be federal
I mean tbh I don't know enough about for the federal reserves work to have a solid opinion
its fine
And it would require looking into other countries, typically nordic countries with free college and studying up on their economy and how it works there