Fractional Reserves

Out of everything I say, I hold 10% of the knowledge in reserve.

[Fractional Reserves @BankofLibertas]

@MrShigemitsu @PerBylund @DavidjoyAd1 @StephanieKelton Governments tell you whatever they need to in order for you to give them what they want. If you believe them, that's an indictment on you.

[Fractional Reserves @BankofLibertas]

@PerBylund @DavidjoyAd1 @StephanieKelton Well I figured as much, but I thought, perhaps foolishly, that her disciples don't mean that and they think that scarcity really doesn't exist for them and the government can make them rich by printing money. Otherwise why advocate for such nonsense?

[Fractional Reserves @BankofLibertas]

@PerBylund @DavidjoyAd1 @StephanieKelton The only strawman is Kelton answering a question no economist asks. No one says we can't have the things we want because we don't have the money. We can't have the things we want because they don't exist in the abundance that everyone wants them.

[Fractional Reserves @BankofLibertas]

@BobMurphyEcon @StephanieKelton That's because it's true. Until it isn't.

[Fractional Reserves @BankofLibertas]

@TyKeynes @CutBackDavis69 @PerBylund Laid off having already been paid even though there was no profit.

[Fractional Reserves @BankofLibertas]

@paulkrugman These peasants just don't understand how good they have it.

[Fractional Reserves @BankofLibertas]

@MrDanielBuck No they don't. But that doesn't mean people should tolerate the escalation of violence in these shit holes. Abolish public schools.

[Fractional Reserves @BankofLibertas]

@KobeissiLetter Wage growth follows inflation. It doesn't cause it, and slowing wage growth certainly doesn't solve it.

[Fractional Reserves @BankofLibertas]

@NHKathySullivan That's why they're superior to public schools.

[Fractional Reserves @BankofLibertas]

@LPNational @AOC But she's rich now. She was smart enough to know that Congress is where that happens.

[Fractional Reserves @BankofLibertas]

@msimanga_wela @PerBylund If the capitalist successfully concluded that their work would have value, then it would. If not, their work is worthless.

[Fractional Reserves @BankofLibertas]

@womenslibarmy @johnsonstickk @Rensontwitts @NRA @GavinNewsom They would have to drop enough nukes to wipe out all life on the planet. Which I know you're fine with, but they're not. They don't want to kill off all of their human livestock.

[Fractional Reserves @BankofLibertas]

@KingLibertarian Credit cards and second or third mortgages.

[Fractional Reserves @BankofLibertas]

@ninaturner @BenDempsey18 And therefore if money is infinite, just print enough to eliminate poverty.

[Fractional Reserves @BankofLibertas]

@MikeWBaseball @LPNational Did they stutter?

[Fractional Reserves @BankofLibertas]

@jtfdenver @Arizona_LP @POTUS Good.

[Fractional Reserves @BankofLibertas]

@elonmusk @TuckerCarlson As has always been the case, expansion of money and credit are the cause of inflation. The government can't overspend without it. Now maybe government overspending is the main reason for that monetary policy, but it doesn't have to be.

[Fractional Reserves @BankofLibertas]

@KevinCastley @beinlibertarian It's amusing that you can't even comment on the topic at hand because you don't know which box to put him in.

[Fractional Reserves @BankofLibertas]

@LPNational @Willie_G_77 Probably not a great analogy since people would be smarter if they skipped school and were given a diploma.

[Fractional Reserves @BankofLibertas]

@JasonPremoAero @profstonge The Fed will buy as many as they have to in order to keep rates where they want them. Problem is to do that they might have to buy all of them.