return2ozma@lemmy.world to Ask Lemmy@lemmy.world · 2 months agoWhy do Americans pretend they're not broke when most Americans are in debt?message-squaremessage-square185linkfedilinkarrow-up1445arrow-down138
arrow-up1407arrow-down1message-squareWhy do Americans pretend they're not broke when most Americans are in debt?return2ozma@lemmy.world to Ask Lemmy@lemmy.world · 2 months agomessage-square185linkfedilink
minus-squareHugeNerdlinkfedilinkarrow-up10arrow-down2·2 months agoThat’s called Modern Monetary Theory. It’s a fun game until the underlying physics of our little civilizational project fails, that is to say the energy return on pumping oil out of the ground.
That’s called Modern Monetary Theory. It’s a fun game until the underlying physics of our little civilizational project fails, that is to say the energy return on pumping oil out of the ground.