Wisdom is not what happens to a person, but what a person does with what's happened to them. Similarly, intelligence isn't what a person knows...
I didn't call you names, I mearly pointed out the child-like way you interact with others that disagree with you here on the forum. If you...
Yes, you made an argument and sullied it with your childlike behavior. To bad as I have some comments about it. Again, it's not what you say...
There's a lot to criticize in the banking system and it's a conversation worth having, but as usual, you're rude and act like a petulant child....
Not exactly. Banks swap an asset for a liability. That is, when you borrow you sign a note promising to repay the amount borrowed plus interest....
I didn't mean to say that all China invests in is the US dollar, just that China creates it's own currency and uses a large portion of it to...
Sure, but that doesn't account for $3 trillion dollars in USD holdings. Holdings for Chinese government-owned companies hold capital like any...
The Chinese government does not make goods, it's a government. Chinese businesses make goods. So the question stands, how does the Chinese...
Agreed, I should have said they treat them like investments, but I agree with you, purely speculative, a legal ponzi scheme. In any nation that...
Yeah, I think there is more to this story. China allows productivity to leave China because it's a way to skirt tariffs. products are assembled...
Do you have any idea how the Chinese government came into possession of trillions of US dollars that they use to buy US treasuries?
There is never, ever a requirement for austerity or onerous demand for payment from future taxpayers! That is neoliberal thinking. The...
The only way to get into a movie theater is with a ticket. The ticket is the currency of that system. When you hold a ticket the theater is in...
Agreed. The capitalist model does not shine when it comes to essential services.
An IOU is by definition an obligation (a debt), what makes the government's debt different from most other debts is that non-fiat money...
In monetary terms, no, but in other terms...Perhaps? Mosler points out that there is a distinction between doing work and having a job. The...
But we are. Because the people that make, deliver, buy, test, repair, connect etc TV sets are all going to be affected. Those that can work from...
As promised.... [ATTACH] Warren is a man of few words, especially when replying from his cell. I'm going to stick with Wray and Warren on this,...
bringiton, I don't find debating with you particularly interesting nor do I think you do so in good faith. Your responses are juvenile and...
Perhaps you should take up the argument with Warren Mosler. If you're interested I have his personal email address. Give me yours and I'll...
The US Army is a term we used to describe a group of people and it's people that suffer the consequences or realize benefits, not the name we give...
Edit: (what I get for writing and not proof reading) Should be, "Steak and monitors aren't larger drivers of inflation
Not how I would describe the MMT point-of-view. We both know that real resources, labor, infrastructure, and capital equipment play a big role in...
Sounds to me like someone is trying to pick an argument. Is it? I don't think it has to be. It's a question of what the society that adopts...
I'm not arguing that point, just making the point that people profit not "banks". The problem as I see it I wrote in another thread is the idea...
Separate names with a comma.
