Jesse A. Myerson
Clay Ranck
@JAMyerson But money only has val to extent it purchases things that do take effort to produce...like fruit. Spreadsheet money isn't real.
Money doesn't come from "the money tree." It's way easier to produce money than fruit. You literally just enter numbers into a spreadsheet.
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@clayranck Spreadsheet money is the vast majority of the monetary supply. Money mobilizes resources as long as gov't taxes sufficiently. - View other replies
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@JAMyerson but the ability to create money is still constrained by the economy’s ability to “digest” it. - View other replies
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@clayranck Any more and the deficit gets too big and inflation starts. That's why #1's price anchor is so appealing. -
@JAMyerson guaranteed jobs w/ living wages doesn’t anchor…would create inflation to adjust to new income levels. - View other replies
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@clayranck Good places to look include CFEPS and the Levy Institute.
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Well, then open up your Excel and stop bitching.
@JAMyerson -
@JAMyerson Money is just numbers on paper, or easier, on computers. -
@JAMyerson and you don't need undocumented slave laborers to pick it -
@JAMyerson Then why don't you just enter more numbers, produce more money for yourself and buy assets, property from landlords you loath? -
@JAMyerson creating value is harder. Money is a measure of value, as an inch to distance. -
@JAMyerson@ckilpatrick Sovereign governments spend money into existence. What they spend on is a political choice.
Jefe New Year
FriendofTrees
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Andrew
Gil Gamesh
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