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> We have a $1.78T deficit The fatal assumptions many people thinking about government spending from the outside make are that a) money is limited and b) mo
by rrr_oh_man 6mo ago
> We have a $1.78T deficit
The fatal assumptions many people thinking about government spending from the outside make are that
a) money is limited
and
b) money is redistributed (~to a cause of their choice) after funding for something else gets cut
- alex43578 6mo agoMoney isn’t limited, as in we can just print more, but it comes at an inflationary cost: see the last 5 years. MMT doesn’t work. Since money is limited, and we’re spending in a deficit, money shouldn’t be redistributed to another bad cause after something gets cut. Unfortunately, and all too often, it does. One side cuts taxes to spend on blowing up the world’s energy market, another side raises taxes to buy votes among the people who pay 0 in taxes (or fund a study on if ducks like Mozart). They’re both wrong, and people are too blinded by the sports-team nature of politics to recognize this.