/biz/ - Business & Finance

>>20808531
by taxing the rich they mean taxing the middle class , this morons believe they can create a magical loop where you tax the middle class and reinject gibs to stimulate the economy and defeating the laws of thermodynamics.

Instead they will create insane bureaucracies that remove the power of society to innovate and crash everything.

MMT is retarded.

>>20808558
>wouldn’t be a problem if people had moved their money instead of sitting on dollars, dollars aren’t currency, they’re a unit of account

Why the fuck milennials which are the consumer generation due to their age should be "moving their money" , they are broke , can't own shit , housing is so inflated they are saving for something it could take decades for them to buy , most are now going back to live with their families due to how fucked up things truly are.

Boomers are broke too due to their pensions being shitty due to inflation.

>we moved to fiat at Breton woods, not in the 70s, and we moved because people were sitting on gold like they’re now sitting on dollars

Wrong , bretton woods was an hybrid system with game theory pretty similar to how bitcoin works , the game theory forced politicians to balance budgets because while the dollar was not convertible for civilians it was for governments and since gold has a natural inflation bellow 2% (and hardcore low inflation since the current 2% is meassured against food and not real estate anymore).

So the usd backed on gold with low inflation , backed other fiat which also had to balance budget to mantain the parity with the usd.

There was a game theory behind the thing , which is why france was able to demand it's gold when the usa went full retard with spending.

>keynes = spending on assets, not sitting forever on fiat

Yea which is why this bubble happened and now the entire thing is collapsing , savings are also needed or you end with poorer and poorer generations(even if they can buy more spaghetis due to economies of scale)