S
Star Rider
Non Registered Member
GUEST
Right lads, 200bil is rookie numbers, we need to start thinking in the trillions.
Japan is an example of a form of MMT in action ,they have been running large deficits for near 2 decades without major problem ,using fiscal injection to stimulate the Economy.
I am reading a good deal of Michael Hudson lately. He breaks down the neoliberal financial order well enough for new initiates to grasp the immorality of the current debt slave system we operate under. This is not not your Grandfather's capitalism anymore. Debt is the life blood of the modern business cycle and war is used to perpetuate it.
It depends on what you mean by matters. the average Joe thinks of money like grains of sand collect a lot of them spend less of them and you're doing well.
Right lads, 200bil is rookie numbers, we need to start thinking in the trillions.
in many ways the whole point of money is to get people who don't know about money to spend their entire lives looking for money which they will never see and never really benefit from. You will never ever never never never get rich by working in a job and saving.
There will still catch you out if you save it that way because they will simply inflate your savings out of existence. Your storing money but they determine the value of said money.Exactly right, they want you 'investing' in over heated, over inflated asset bubbles like housing or stocks. Investing in these 'assets' is really just another cunning device for transferring your wealth to them. The last thing they want is you leaving money in a low interest savings account or under the mattress.
There will still catch you out if you save it that way because they will simply inflate your savings out of existence. Your storing money but they determine the value of said money.
Technically all you are storing are debt notes. That's why inflation of 'money' supply reduces purchasing power. They have simply hiked the interest repayment on your bank notes under the bed. There is no escape from the beast system. Property taxes also force you to stay in the labor game longer, to repay both the new rent on your own home and income taxes etc.
The last thing the system needs is for people to be frugal and reduce their labor participation