holymacaral

4 ms·

1.
by holymacaral 8y ago
Countries can and have defaulted on debts issued in their own currencies. If you printed your way out of debt that would be a default in all but name. You would cause a collapse of credit and a collapse in confidence in the currency itself.
2.
by holymacaral 8y ago
A lot of MMT is just restating things Keynesians and Austrians already know and pretending it's some brilliant idea. For instance, they think it's a big breakthrough that the government can pay down debt by issuing more currency.
3.
by holymacaral 8y ago
MMT is a rationalization for unlimited spending & economic control. Do you really think AOC, Warren, Sanders actually understand the theory of MMT which they advocate (if not by name)? The MMT theorists began with the conclusion they wa
4.
by holymacaral 8y ago
my basic idea here is the success of a pro-freedom site (like voat) is going to depend on the character of the first movers. 4chan succeeds where voat does not because the site has a more robust base of freedom loving people, not all of who
5.
by holymacaral 8y ago
It would use a cryptocurrency of course and probably a stablecoin. That means there's a blockchain somewhere along the line although crowdfunding would be an excellent use case for lightning-style payment channels to compress fees. If
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by holymacaral 8y ago
I have long thought crowdfunding is ripe for disruption. We should not need a middleman to send people money over the internet. It can be accomplished via a smart contract and creator listings could be self-hosted (think openbazaar). It cou
7.
by holymacaral 8y ago
Hi I found your comment interesting. Yes, we have free speech forums where you can say and share anything without censorship. Yes, there are illegal things there although 99% of the content is legal. The idea is that you are in control of y