• 7 Posts
  • 126 Comments
Joined 1 year ago
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Cake day: June 24th, 2023

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  • Although they may be considered primitive by today’s technological standards, they were very, very smart and accomplished tremendous things with very little resource.

    They were not primitive intellectually. They were smart, capable and intelligent people.

    This is exactly the point many people don’t understand: People in the past were not less intelligent than today’s people.

    We developed more ways to discover stuff and more precise tools to measure and detect things and of course with computers we got the ability to handle extremely complex data. All of this gives us an edge over past people science wise but we had very capable thinkers 200, 600 and 4000 years ago. All basic principles of mathematics have been developed a long time ago.


  • Doctors still do this, at least in Germany. When you’re a smoker and getting pregnant, your doctor will most likely not try to bully you into quitting, instead they inform you about the risks and recommend you to cut down the smoking to a minimum but they will also acknowledge that you will most likely not overcome your addiction while your body is already under a lot of stress.



  • I see what you mean, but this is not about having a strangle hold on the world or being the world’s reserve currency. This is about having your own currency and collecting taxes in this currency. As long as a country collects taxes in its own currency there will be demand for that currency.


  • Okay, but even if the USA can’t change the law regarding states bonds, it is virtually impossible that people stop buying US states bonds since the US Dollar is kinda like the most established currency in the world.

    So your argument is completely theoretical.



  • Then stop selling bonds and start investing directly (build schools, repair bridges, pay your employees, etc.).

    Countries don’t have to take the detour through state bonds because they can make money out of thin air. State bonds are a self-imposed and there’s no law of nature that mandates using them.


  • They seemed to think that tax revenue in some way has to happen for spending to happen.

    Noo!

    But the federal government creates money ex nihilo.

    Yes!

    Money has to be created before it can be destroyed through taxation.

    Yes!!

    We do not rely on the money of the wealthy. What matters is actual, real resources and services we can provide.

    Yes, yes and yes!! ❤️

    Thanks for your concise explanation of MMT! I wouldn’t be able to phrase it this well. ❤️











  • You’re welcome. I hope I didn’t come across as too pissed off.

    “Germany fucked up by shutting down their (last) nuclear power plants” is not only an argument by people outside of Germany but unfortunately is used by german conservatives and the far right as well as libertarians who don’t want to take any steps to fight climate change but try to preserve “the old ways”.

    Nuclear in Germany has been more or less dead for a long time. The last (commercial, there are newer reactors used for science) reactor has started building in 1982 and started producing in 1989. People who call for more nuclear power in Germany are at least 35 years too late.


  • Please stop this nonsense argument about Germany fucking up by shutting down nuclear. Even 20 years ago, nuclear energy wasn’t that significant for our enery mix and shutting it down over the last 20 years didn’t fuck up anything. The last few power plants had a capacity of about 4 to 8 GW and are not missed here.

    For the last 20 years, coal consumption declined (could be faster though) and renewable had a steep growth (could be faster of course).

    It is true that we started consuming more natural gas, but in the end the change is not about using old nuclear power plants that are unsafe or building new nuclear plants that will be usable in 10 to 20 years but about pushing renewable and improving the grid to solve the distribution problem.