#nixonditchedgoldstandardsin1972 — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #nixonditchedgoldstandardsin1972, aggregated by home.social.
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@DemocracyMattersALot So none of these three morons understands how US federal government spending works. (Spoiler: It's all newly-created dollars - NOT recycled taxes. Y'know - fiat currency.)
To repeat, these are all morons. The real problem is how few people reading this here on Mastodon get it.
We need more people who understand the BS.
#fiatcurrency #taxesdontfundspending #IgnoranceIsDangerous "MMT "TheDeficitMyth #NixonDitchedGoldStandardsin1972 #MainstreamMacroeconomicsIsaCon
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@DemocracyMattersALot So none of these three morons understands how US federal government spending works. (Spoiler: It's all newly-created dollars - NOT recycled taxes. Y'know - fiat currency.)
To repeat, these are all morons. The real problem is how few people reading this here on Mastodon get it.
We need more people who understand the BS.
#fiatcurrency #taxesdontfundspending #IgnoranceIsDangerous "MMT "TheDeficitMyth #NixonDitchedGoldStandardsin1972 #MainstreamMacroeconomicsIsaCon