it's important to know the difference between M1, M2, M3 etc. https://t.co/o1Xand3Q0Q
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3/ Lotta people have been saying "we need a covid stimulus to help the working class". Well ... unless you want to start seizing productive assets from billionaires and liquidating them, printing money is how you do that.
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How does M1 go up while every retailer I go to has a shortage of coins and paper change? Hoarding?
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Shouldn't we have an M0, that stockpile of something of actual value, of which the paper and debased coinage represent a portion?
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3/ meh, this is goldbug territory, where I do not tread gold, btw, is only INHERENTLY useful to plate electrical contacts and to sputter deposit on spacesuit helmets lathes, cars, backhoes, cube farms, elevators, and AC units are inherently useful >>>https://twitter.com/Fla_Mom/status/1340015006935642112 …
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4/ and you can come up with a value for those things if you want ; google "net worth of ___", e.g.https://en.wikipedia.org/wiki/Financial_position_of_the_United_States#Net_worth_(or_equity) …
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huh so is this latest injection just a huge chunk of paper bills printed without much change in bank accounts? what would cause that?
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