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Old 05-11-2019, 09:42 AM   #41
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Not a fan.

Lots of fancy talk to justify a bunch of politicians spending a ridiculous amount of money and amping up the fiscal mess for the next generation.

No government is bullet-proof.

Spending without accountability never ends well.
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MMT coming soon to an economy near you?
Old 05-11-2019, 10:22 AM   #42
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MMT coming soon to an economy near you?

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Originally Posted by MarieIG View Post
Not a fan.



Lots of fancy talk to justify a bunch of politicians spending a ridiculous amount of money and amping up the fiscal mess for the next generation.



No government is bullet-proof.



Spending without accountability never ends well.


+1 and as does cutting taxes and exploding the deficit and debt based on the myth that tax cuts pay for themselves. Supply Side Economics, with its aptly-named Laffer Curve, is just the opposite fanciful ideological twin of MMT. Politicians now have two schools of voodoo economics from which to choose to further their careers while avoiding accountability from their voters and donors who do not wish to pay for the government and military services they demand.
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Old 05-12-2019, 11:43 AM   #43
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as does cutting taxes and exploding the deficit and debt based on the myth that tax cuts pay for themselves. Supply Side Economics, with its aptly-named Laffer Curve, is just the opposite fanciful ideological twin of MMT. Politicians now have two schools of voodoo economics from which to choose to further their careers while avoiding accountability from their voters and donors who do not wish to pay for the government and military services they demand.
+1
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Old 05-14-2019, 04:19 PM   #44
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The US Dollar is backed by the "full faith and credit" of the United States. Essentially, the Dollar is backed by Treasury bonds. What is backing Treasury Bonds? the "full faith and credit" of the United States. What could possibly go wrong?
Not exactly. Both the US Dollar and Treasury bonds are backed by the taxing power of the Federal government. A dollar bill is the same as a treasury bond in that both show the government owes you money. The dollar bill does not pay interest and is redeemable on demand. The bond pays interest and is redeemable at some date in the future.

The dollar bill has guaranteed value because you can pay your taxes with it. The bond has guaranteed value because you can get dollar bills with it (eventually).

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Old 05-21-2019, 05:58 PM   #45
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Not a fan.

Lots of fancy talk to justify a bunch of politicians spending a ridiculous amount of money and amping up the fiscal mess for the next generation.

No government is bullet-proof.

Spending without accountability never ends well.
Most logical post I've seen to this point.
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