The government can never run out of money.

Yes.

You add the value of your labour to a privately owned resource.
For example. You get some mud and you plant a seed in it.
You water the seed and later on harvest the plant that grows.

In this way, food is created from your mud. Wealth is created.

Another person, buys that food from you and cooks it into a tastey meal. More labour is added, it is now worth more. Wealth has been created.

And so on.

Short answer, the same as all the other ones you didn't like.
You make money by going to work. That's it. That's the big secret!

 

The magic mint. Amazing, huh?

 

That's where the private sector gets its money from? So this "magic mint" just creates money and the private sector all of a sudden has it to fund the government. Hmmmm... your logic seems a little skewed. How does this "magic mint" decide who deserves this money or not?

 

It doesn't. The people you trade for it do.


So for example, if you think a Zimbabwe Dollar is worthless, no matter how many they print, you don't trade anything for it.

 

Where did that money come from to buy the food? Does it just appear magically?

 

It doesn't matter where it comes from.
It could be from a mint. Or you could make tally sticks if you like.
Or you could use a barter system and not use paper money at all if you preferred. You could trade in chickens and use them for money.
It could be a virtual currency generated by your computer even.

The money itself is not the important part, it's what you can trade it for. It is a trade commodity. It's value is that which you personally place on it.

 

It doesn't matter where it comes from and it's not the important part?? Lmao. Please don't vote.

 

You don't need money to grow food, just your labour, earth, sunlight and water.

Get a job.

 

Worked for Venezuela!

 

You can never buy a smile at McDonald's (sorry, i had to make the joke)

 

Wrong. You're claiming that America was more prosperous and stronger prior to the creation of the Fed. You're comparing 1890s America to 1950s-1960s America (claiming that America was more prosperous in the former rather than the latter) and making a fool of your self

That's a stupidly asinine claim.

Oh and for the record...I couldn't verify your claim about GDP pre-Fed...but here is a list of Depressions pre-Fed

We had them about every ten years back then

http://thehistorybox.com/ny_city/panics/panics_article1a.htm

and the PEAK of that "wonderful time" you boast about was the Long Depression

In the United States, economists typically refer to the Long Depression as the Depression of 1873–79, kicked off by the Panic of 1873, and followed by the Panic of 1893, book-ending the entire period of the wider Long Depression.[4] The National Bureau of Economic Research dates the contraction following the panic as lasting from October 1873 to March 1879. At 65 months, it is the longest-lasting contraction identified by the NBER, eclipsing the Great Depression's 43 months of contraction.[5][6]

In the US, from 1873–1879, 18,000 businesses went bankrupt, including 89 railroads.[7] Ten states and hundreds of banks went bankrupt.[citation needed] Unemployment peaked in 1878, long after the panic ended. Different sources peg the peak unemployment rate anywhere from 8.25%[8] to 14%.

Yes...you really nailed this huh?

 

Hey working girl, tell me what numbers would be paramount if collecting a paycheck every other week was a hassle.

 

Owning the land would be preferable...
If you plant tomatoes in my yard I can rip them up, eat them, or call the cops if you are trespassing trying to water.

 

Jesus...stop babbling

 

What are you talking about? Lol

 

Akphide...I get that you probably know what you're talking about but at some point you ought to actually drop the snide references and explain what it is that the conservatives you are talking to are getting wrong.

Just saying they don't know what they are talking about loses something when you don't describe why.

Sorry...hadda say it

 

You would need your routing # and account # so your check would direct deposit into your account. You claim to work and pay bills in America yet cannot answer the most basic questions about a W-4 or collecting wages?
Then you have the audacity to mock other posters?
I'll be sure to keep my eyes open for your posts in the future.

 

I never made such a claim.

All I said was that the American economy experienced robust growth and development before the federal reserve existed.

And I backed that up with historical data.

You're the one who made the idiotic claim that post-fed growth was "FAR better".

But when I provided real GDP data showing better GDP growth pre-fed, you dishonestly tried to change the subject from economic growth and development to the absolute size of the economy.

Apparently, you cannot be honest about anything.

Then you're not very smart, because I posted a link to the source in my post.

None of that changes the fact that real GDP growth was faster in the pre-fed era than in the post-fed era.

Nor does it change the fact that the absolute worst depression in American history happened during the post-fed era.

But you are too busy attributing magical economic properties to little pieces of paper to bother with facts or honesty.

 

This stupid question has already been answered.

The money comes from the US government.

But that does not in any way prove that government money is a necessary prerequisite to economic growth and development.

Because America experienced over a century of robust growth and development under a market-based monetary system.

So contrary to your implications about government money, it doesn't possess magical economic properties that somehow cause economic growth and development.

 

What are you talking about? Lol. Tell the voices in your head to stay on topic. You're weirdly all over the place.

 

So let's recap your idiotic claims.

Pre-Fed...the GDP% was only marginally better than post Fed. And that number spans the period from 1790 to the early 20th Century. Gee that's impressive huh? Of course for most of that period our economy was TINY.

Which is easier to accelerate and control? A pick up truck with a few boxes in it or a semi trailer loaded to the gills?

And that of course ignores the boom and bust cycles that existed pre-Fed and the 30 year Long Depression, and the ENTIRE Gilded Age.

And then let's pretend that the Fed had been in existence (and had the kinks worked out of its operation) longer than the 15 or so years prior to the Great Depression as well as the fact that since then...we haven't had a SINGLE full blown Depression.

Then let's forget that the one really bad economic Recession we did have was largely due to Greeenspan abrogating his duties as Fed Chair and keeping interest rates too high for too long.. How do I know this?

Because as he slunk into retirement HE said he was wrong. "Apparently the market is not self regulating"....I believe were his words.

But yea...cherry pick, be as vague as possible, and ignore anything inconvenient and MAYBE you'll get some people to believe your nonsense

 

Every nation that used money, failed at one time.

 

Amy said that the government is 100% dependent on the private sector to fund them. I asked her where does the private sector get the money to fund the government. She goes on to talk about just randomly weird things that have nothing to do with that question. I'm not talking about how people get an income, I'm asking where the money comes from. I know the answer, but they'll never understand why their economics beliefs are skewed if they don't critically think for themselves. And people like Ethereal deserve no respect and deserve as many snide comments as they can get.

 

I know the answer, but they'll never understand why their economics beliefs are skewed if they don't critically think for themselves

Not true. The discussion will just go round and round like this one has.

If you have the answer please state it...regardless of the opponents skewed beliefs or understanding if for no other reason than to show that you DO know the answer (but also to educate others)

 

Every dollar we have is debt. Either from the government or the banks. Bank lending leaves the private sector with a wash in terms of assets/liabilities. The only way the private sector can have financial equity is through government deficit spending. The only way the private sector has the money to fund the government is because the government funds them first. Takes an understanding of the banking system, federal reserve, and government. The private sector is actually at the bottom of the totem pole when it comes to our monetary system. That's why I laugh when people say that the government is dependent on the private sector. The government is not dependent on the private sector one bit if it wants to spend. They can tax us $0 and spend an infinite amount of money without ever needing a dime from the private sector.