Isolate for how long exactly?
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Replying to @DavidNathanaelx
it's hard to say. government should provide people with funds as long as is needed.
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Replying to @nberlat
Do you know where ‘government money’ aka taxpayer money, comes from? Hint: Working citizens, citizens that work, at jobs, where they used to be employed until COVID-19.
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I know twitter is not real life and all but it seems to me like money printer go brrr is winning out against austerity this season. The help is late and done in bad ways and I guess we’ll see what comes out of phase 4 but austerity not getting a serious look rn.
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Pointing out that government money is actually taxpayer money isn’t an argument for pandemic austerity. It’s just keeping it real. Money is needed for those who can’t work right now and that’s ok.
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It isn't though, the money all starts out created by the government in the first place You can easily just add money to the economy without raising taxes by running deficits
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Hope that GDP holds up.
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I say this in utmost sincerity and seriousness: Fuck GDP
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So is debt to GDP ratio just a bunch of BS then?https://www.thebalance.com/debt-to-gdp-ratio-how-to-calculate-and-use-it-3305832 …
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Yes For one thing, like I said, you can lower the ratio just by increasing G (i.e. seignorage, "just printing money")
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