3 ms·

> If its used to keep pensioners solvent, social safety nets functioning, food on tables, education regardless of social class and general access to healthcare

• guiriduro 4y ago
  Who is paying for or fucking whom over? The only true unsustainable conditions are ones in the real world - broken environmental conditions, broken supportive social institutions; money is virtual and is just a tool (for measurement, standard for deferred payment blah) - money supply should be the servant, not the master of economic & social health. Anyway, arguably inflation will decrease debt value relative to inflated GDP, making it easier to pay down, as long as CBs step into sovereign debt markets to prevent runaway interest rates on existing debt.
  • jdasdf 4y ago
    >Who is paying for or fucking whom over? Future generations are the ones getting fucked over, because they are the ones who will have to pay for the subsidies you're wanting for your pet project. It's clear you haven't got a clue of the actual long term effects of your proposed policies. I recommend you read Basic Economics by Thomas Sowell, if only to understand that the policies you propose will have consequences.
    • guiriduro 4y ago
      So, a couple of trillion upfront for Europe's part of a decarbonised economic future, whose states have splurged on massive green economic infrastructure and managed to sustain social wellbeing in the interim, so the children of tomorrow breathe clean air, live in solar/wind powered clean houses, cheap and plentiful subsidised education and work in clean industries, at the cost of some temporary price increases and a higher tax rate down the line (maybe), is somehow worse than continuing toward environmental destruction, circling the wagons around private wealth (and lower tax)? Read some Marx, at least understand what alienation is.
      • jdasdf 4y ago
        >Read some Marx, at least understand what alienation is. I have, that's when i realized he had nothing useful to say.