3 ms·
> Which can kinda be a problem if too many people do that and there's nowhere for it to come from. This is how the majority understand the macro economics: an
by raincom 12y ago
> Which can kinda be a problem if too many people do that and there's nowhere for it to come from.
This is how the majority understand the macro economics: an extension of bartering system. But a sovereign currency regime does not need to worry about it. What constrains an economy are real resources, but not financial resources. Sovereign debt = public assets. For more, check "Modern Monetary Theory".
- nine_k 12y agoThat is, printing more money is the way? Quantitative easing, as they now call it. I also heard throwing money from helicopters is beneficial, too.
- raincom 12y agoWell, thats what mainstream (neo Keynsians) have advised and has not worked. Quantitaive easing just shuffles financial assets. What is needed, is a fiscal policy--and this leads to basic income, basic employment. The only constraints are "real" resources.
- nine_k 12y agoThe funny thing is that I mentioned throwing money off helicopters ironically, but probably it was lost for the downvoters. I suspect this was Poe's law in action; some of the current fiscal policies are so contrived that it's hard to tell theonion-style sarcasm from the real thing.