@deep_beige@thebafflermag I must disagree. Ricky Gervais was never funny, just annoying. I've always been baffled by people who mistake annoyingness for funniness. Also, his characters in The Office and Extras were the same, and he played them the same. (Psst. It's himself he's playing, not a character.)
@JezebelButler @BernieSanders@DerekCressman Actually he did 41 campaign stops for her one after the other and she thanked him. She waited 28 days after conceding to do her first campaign event for Obama, and only did 13. FACTS.
@JezebelButler @BernieSanders@DerekCressman Actually he did 41 campaign stops for her one after the other and she thanked him. She waited 28 days after conceding to do her first campaign event for Obama, and only did 13. FACTS.
@eamorris_@oliviachow Fiat currency is not a finite resource. The government literally decides how much of it there is. If they want to create more through stimulus, or "quantitative easing", or just printing a bunch of it, they can do so, regardless of taxation, debt, or so-called "efficiencies".
@eamorris_@oliviachow You need to give up your dogma and get with the times. MMT is where it's at. If you have an actual critique of it, I'm willing to listen, but if it's just gonna be "Adam Smith told me so", then there's nothing in it.
@eamorris_@oliviachow And further: "Because the government can issue its own currency at will, MMT maintains that the level of taxation rel. to government spending is in reality a policy tool that regulates inflation and unemployment, and not a means of funding the government's activities by itself"/4
@eamorris_@oliviachow and has an unlimited ability to provide funds to the other sectors. Thus, insolvency and bankruptcy of this government is not possible. It can always pay." /3
@eamorris_@oliviachow and can issue currency of any denomination in physical or non-physical forms. As such the government has an unlimited capacity to pay for the things it wishes to purchase and to fulfill promised future payments, /2
@eamorris_@oliviachow It answers the general question of where a government can find funding under any circumstance. Can you really not reason from the general to the specific? I'll even highlight the important bit for you: "monetarily sovereign government is the monopoly supplier of its currency /1