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> "shooting the messenger is the laziest (apt) way of dismissing the argument" > "your entitlement is showing." > "complain to get free money, then complain t

> "shooting the messenger is the laziest (apt) way of dismissing the argument" > "your entitlement is showing." > "complain to get free money, then complain the money isn't worth as much. you cant have both." > "anyone else wanna disprove anything I have stated?" 1) your strawman of me complaining to get free money is something which didn't happen. 2) your strawman of me complaining that the money isn't worth as much didn't happen. 3) your repeated comments about "entitlement" is trolling ad-hominem, not something for disproving. 4) if I borrow $1200 from the bank, I don't "owe the bank a productivity increase", I owe the bank $1200. Whether that comes from me being more productive, or working more time into the future, is up to me. 5) The idea that people being more productive ==> paying down the national debt doesn't seem to match what happens. USA GDP has increased from 1Tn in 1970 to 23TN today. Or $5k per person to $65k per person(!)[1] National debt has risen consistently since 1970, not been paid down by this increase. And your statement that paying down the national debt == "progress". Progress to what goal? Nobody in power appears to care about the national deficit. It's only a talking point for Republicans to criticise Democrats. It's a fiction number that is expected to grow forever, there's no plan, attempt or incentive to ever pay it off. It's not a household debt, no President, politician, senator, will be held personally accountable for it. [1] https://www.macrotrends.net/countries/USA/united-states/gdp-gross-domestic-product https://www.macrotrends.net/countries/USA/united-states/gdp-...

Jerrrry 5y ago
finally, some points! 4) if I borrow $1200 from the bank, I don't "owe the bank a productivity increase", I owe the bank $1200. Whether that comes from me being more productive, or working more time into the future, is up to me bad analogy, since printing money is not a loan in traditional sense - government debt doesn't really make sense - it is a tax on future users of the currency, by means of productivity per dollar is decreased. more like, if everyone got a loan, and the bank said "trust me bro"...because the dollars were literally invented, not loaned - which increases the total M1 money supply. the hope was the velocity of the money would also increase, which inflation helps with - stagnating cash loses value constantly. one way to measure this "tax" (the damage done by inflation) is by measuring the value of the dollar per common good (the BigMac index) and is by debt/GDP/person. Of course it is a political bartering chip; everything is, but is also a useful measure of this change in buying power relative to the dollar. Business are going to be the first to reap the rewards of the increase in productivity. As they should. Taxes imply the government will be the secondary beneficiary. A well-executed MMT would then use the excess capital for common-good reinvest, a la the Build Back better plan. It's a dream, but that is how they hoped it worked.

Jerrrry 5y ago

finally, some points! 4) if I borrow $1200 from the bank, I don't "owe the bank a productivity increase", I owe the bank $1200. Whether that comes from me being more productive, or working more time into the future, is up to me bad analogy, since printing money is not a loan in traditional sense - government debt doesn't really make sense - it is a tax on future users of the currency, by means of productivity per dollar is decreased. more like, if everyone got a loan, and the bank said "trust me bro"...because the dollars were literally invented, not loaned - which increases the total M1 money supply. the hope was the velocity of the money would also increase, which inflation helps with - stagnating cash loses value constantly. one way to measure this "tax" (the damage done by inflation) is by measuring the value of the dollar per common good (the BigMac index) and is by debt/GDP/person. Of course it is a political bartering chip; everything is, but is also a useful measure of this change in buying power relative to the dollar. Business are going to be the first to reap the rewards of the increase in productivity. As they should. Taxes imply the government will be the secondary beneficiary. A well-executed MMT would then use the excess capital for common-good reinvest, a la the Build Back better plan. It's a dream, but that is how they hoped it worked.