©1998 *Educational CyberPlayGround®
https://edu-cyberpg.com
©ECP Blog ( ͡° ͜ʖ ͡°)
Sign Up Email List NetHappenings News Headlines https://cyberplayground.org
twitter @CyberPlayGround
©1993 https://k12playground.com
© https://RichAsHell.com
Why do we borrow our own money in the first place?
The clip is about Jared Bernstein, economic advisor to Biden is from that movie.
The leading fiat economist, Jared Bernstein, chairman of the Council of Economic Advisers, can’t even explain why governments borrow money in the currency they print out of thin air.
Worth the 1:45 to understand how galactically stupid these folks are.
Why We Bitcoin.
THERE IS NOTING FEDERAL ABOUT THE FEDERAL RESERVE.
Wise words from the Chair of the Council of Economic Advisers, the agency providing the President with economic advice on domestic and international economic policy.
“Finding the Money” by Stephanie Kelton, the leading voice of MMT.
Essentially, they view “deficits” as “positive”, because if the government “owes money” then somebody else has “saved that money”. All this “savings” is great as long as “it doesn’t generate inflation”. MMT advocates tons of economic studies before the deficit spending to pick spending projects with low inflation. This lunatic theory goes so far as to suggest zero taxes. Just pure printing.
Many people here need to read this article
“Who Owns the US National Debt?”
https://www.thebalancemoney.com/who-owns-the-u-s-national-debt-3306124
TLDR: It’s us! theAmerican people.
The Bank of England’s decision to abandon the gold standard was made as a backroom deal while its governor was on sick leave. Once again illustrates the fragility of a money based on political governance, where even strong leaders can be outmaneuvered.
Interestingly, the suspension occurred while the BoE Gov was out ill.
@TomerStrolight
The reason it takes so many hours of study to understand #Bitcoin is because we have to unlearn so much nonsense that we’ve been fed for so many years!
Where’s the common sense in:
“Inflation is good and necessary,”
“the govt should print money,”
“being in debt is good,”
etc…?