Reply
  • Nov 10, 2020
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    1 reply
    BasedBoy

    okay

    what strong evidence do you have that the fundamental assumptions of mmt are valid? I like learning new things

    my strongest evidence is that it makes sense

  • Nov 10, 2020
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    1 reply
    safe

    They did that literally to CREATE inflation

    but where did all the money come from

  • Nov 10, 2020
    safe

    They did that literally to CREATE inflation

    Please post my avi

  • Nov 10, 2020

    im pretty sure the fed reserve chair literally said the fed has infinite money lmaoo

  • Nov 10, 2020
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    1 reply
    Synopsis

    idk maybe give more resources to disadvantaged groups lmaooo.

    Sure but

    A) that’s more money and more debt

    B) there’s a policy lag. Kids getting those resources will take years before you start to see the effects let alone close the disparity. In the meantime you’re driving up inequality w free college

  • Nov 10, 2020

  • Nov 10, 2020
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    1 reply
    Synopsis

    but where did all the money come from

    They buy bonds??

    It’s just monetary theory lol

  • Nov 10, 2020
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    1 reply
    safe

    Sure but

    A) that’s more money and more debt

    B) there’s a policy lag. Kids getting those resources will take years before you start to see the effects let alone close the disparity. In the meantime you’re driving up inequality w free college

    this is like talking to a literal f***ing brick wall.

    A) the debt is not an issue.

    B) That doesn't matter because we should still do it.

    No, free college does not drive up inequality. the inequality here is that wealthy kids will always be able to go to whatever college they go to no matter what. Letting poor/working class students also go to whatever college no matter what does not = more inequality. why is this hard to grasp

  • Nov 10, 2020
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    1 reply
    Synopsis

    idk maybe give more resources to disadvantaged groups lmaooo.

    But you can’t even leave your mom’s basement to vote?

    Hell, they even made it easier for your lazy ass this year you could’ve just requested a mail in ballot and you wouldn’t have missed any of your Celtics Classics reruns on NESN

  • Nov 10, 2020
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    1 reply
    Synopsis

    my strongest evidence is that it makes sense

    Well I guess I'm just gonna tap out then lmao

    enjoy your night man

  • Nov 10, 2020
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    1 reply
    safe

    They buy bonds??

    It’s just monetary theory lol

    So like, the govt has as much money as they need then yes

  • Nov 10, 2020
    BasedBoy

    Well I guess I'm just gonna tap out then lmao

    enjoy your night man

    like i said, go read about it.

  • Nov 10, 2020
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    1 reply
    Bill Ackman

    But you can’t even leave your mom’s basement to vote?

    Hell, they even made it easier for your lazy ass this year you could’ve just requested a mail in ballot and you wouldn’t have missed any of your Celtics Classics reruns on NESN

    @sab this guy is clearly just a troll, and an alt. no idea whos alt but there's a reason he consistently just references s*** from 6-7 years ago when quoting me lmao. you guys should have kept him banned.

  • Nov 10, 2020
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    1 reply
    safe

    They did that literally to CREATE inflation

    nah fam currency issuance in the form of overnight loans through the purchasing of a bond that literally functions as the backbone of the market/monetary policy to stave off the negative effects brought about by a pandemic on money markets is the same as printing money to compensate for college debt forgiveness.

  • safe

    Agree for the most part

    But a lot of the lefts issue is how they present this stuff

    Your average person doesn’t understand that defunding the police doesn’t mean no criminal accountability and therefore the GOP can use it as a fear tactic

    It’s something that the left HAS to work on cause conservative arguments boil down very easily for people who don’t do their own research

    Not just how they present it though.. a lot of times it's framed in deceptive ways from others

  • Nov 10, 2020
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    1 reply
    Synopsis

    this is like talking to a literal f***ing brick wall.

    A) the debt is not an issue.

    B) That doesn't matter because we should still do it.

    No, free college does not drive up inequality. the inequality here is that wealthy kids will always be able to go to whatever college they go to no matter what. Letting poor/working class students also go to whatever college no matter what does not = more inequality. why is this hard to grasp

    A) you haven’t given me a single reason why the debt isn’t a problem. Just because you say it’s not a problem does not make it true

    B) college isn’t a free for all people are accepted. You know who are accepted disproportionately? Wealthy kids who can afford top tier resources growing up. Free college doesn’t let anyone go anywhere it just levels a playing field that currently funds (not enough funding) low income students to go to college and puts wealthy students in the same boat as them

  • Nov 10, 2020
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    1 reply
    Moon

    nah fam currency issuance in the form of overnight loans through the purchasing of a bond that literally functions as the backbone of the market/monetary policy to stave off the negative effects brought about by a pandemic on money markets is the same as printing money to compensate for college debt forgiveness.

    maybe they should be staving off the negative effects brought upon my college debt

  • Nov 10, 2020
    Synopsis

    @sab this guy is clearly just a troll, and an alt. no idea whos alt but there's a reason he consistently just references s*** from 6-7 years ago when quoting me lmao. you guys should have kept him banned.

    Your avi is literally Jaylen Brown. I am not a troll lol. You’re a troll and you continuously insult me in every thread and tag mods when I clap back. @sab my apologies, we clearly cannot get along. I’ll block him and just move on.

  • Nov 10, 2020
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    1 reply
    Synopsis

    So like, the govt has as much money as they need then yes

    Except that when you inject more money you create inflation which devalues that currency

    You can net some value from it when the value of that money is outpacing inflation called seigniorage

    This is limited though and once you exceed that limit you aren’t creating any value because price level increased at the same rate as you increase the money supply

  • Nov 10, 2020
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    1 reply
    safe

    A) you haven’t given me a single reason why the debt isn’t a problem. Just because you say it’s not a problem does not make it true

    B) college isn’t a free for all people are accepted. You know who are accepted disproportionately? Wealthy kids who can afford top tier resources growing up. Free college doesn’t let anyone go anywhere it just levels a playing field that currently funds (not enough funding) low income students to go to college and puts wealthy students in the same boat as them

    You realize you can change how admissions work as well right?

    Like I've told you, you can even the playing field entirely if you so chose to do it. Meanwhile you're only response is to troll about the debt.

    You just have liberal brain disease and want to means test everything.

  • Nov 10, 2020
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    1 reply
    Synopsis

    maybe they should be staving off the negative effects brought upon my college debt

    lol they should, but not in any way through the mechanism you described.

  • Nov 10, 2020
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    1 reply
    safe

    Except that when you inject more money you create inflation which devalues that currency

    You can net some value from it when the value of that money is outpacing inflation called seigniorage

    This is limited though and once you exceed that limit you aren’t creating any value because price level increased at the same rate as you increase the money supply

    like i said, there are methods to control inflation.

  • Nov 10, 2020
    Moon

    lol they should, but not in any way through the mechanism you described.

    i don't care which mechanism they choose, they have the power to cancel it and should do so.

  • Nov 10, 2020

    What I don’t get is why this guy can insult everyone he encounters but as soon as you insult him back he starts freaking out and tagging mods trying to get people muted. It’s really ridiculous and I wish someone would report him instead. This thread was really good discussion until he came in and derailed it. He calls everybody he disagrees with a troll or an alt, or he insults them. It is clear he is incapable of having a productive discussion. @sab

  • Nov 10, 2020
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    1 reply

    good discussion lol it was a bunch of s*** head liberals explaining why we can't have nice things.

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