Ok
GG @KermitthePhantom1287, you just advanced to level 1!
Green lifes matter
I dont really think blue lifes matter, I prefer green and gold lifes.
The only lives that matter are the ones that give me money, and they only matter so long as they can continue giving me money
Why yes I am ancap, how did you know?
The only lives that matter are the ones that suck my cock, and they only matter so long as they can continue sucking my cock
Why yes my name is chad, how did you know?
HAHA
Either that or adam, tbh
True
@beni you alive?
Yes
Hello
@beni https://www.statista.com/statistics/244983/projected-inflation-rate-in-the-united-states/ how in god's name is US inflation so low even after this much spending?!
Second Q, how are they making the deficit magically go up and down? https://www.cbo.gov/publication/56542#:~:text=rates%20and%20inflation.-,Deficits,percent%20of%20GDP%20in%202030.
Simple answer- dollar is a reserve currency
But where does the inflation go?
Most central banks all over world use it as their foriegn exchange storage currency
The inflation produced by usa is absorbed by the world
Who trade goods for dollars
But here is the thing, there will be more currency in the system than the CPI for US also right?
Yes but their consumer price index gets adjusted
Because unlike other currencies it is not just limited to domestic bounds or with limited trade partners
Majority of nations around the world use dollar for exchanging goods
Wait I can't follow. The fed prints more money, which is primarily going to it's citizens, how do those dollars reach the foreign market?
When they do that inflation caused in domestic market of usa gets rectified since it's global demand stays the same
Foriegn nations have american bonds and they comprise of 30-60%(sorry I don't know exactly) of 17 trillion public debt
Ahh
The other 4 trillion is between federal reserves and union or between two national firms
That 17 trillion is federal debt?
It is public debt
But why would a foreign country want to buy American student loan debt?
And things like that
Because harry truman somehow convinced the world
Are you serious?
Maybe because of the red scare
And capitalist didn't want usa to lose
No but economically it makes no sense right?
Do those bonds give a higher value after their time?
It makes sense if you are a superpower
