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Cake day: June 16th, 2023

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  • To MMT the printing of money is only inflationary when a country doesn’t have additional productivity. Thanks to digital products and services though l, production is nearly infinite. Others argue that all printing of money is inflationary.

    The Fed only really has interest rates as a tool, so they raise it when inflation goes up. It can fight inflation by slowing lending, which thanks to fractional reserve banking is the primary source of money being printed/created.















  • The people that supported trump were always going to support him and be energized to vote. That’s a big part of why focusing on his lies was such a waste of time, it wasn’t going to change any minds. Winning elections is about motivating your base, undecided voters are a wash and opposing voters aren’t likely to massively shift.


  • They could have distanced themselves from the current administration though. They could have acknowledged that inflation has fucked most people, and be far more direct about addressing it than vague price gouging investigations that should be happening now. They could have come out in favor of any and every union striking. They could have had policies to guarantee profit sharing or granting equity. They could have made the totally empty promise of fighting for main street and not wall street.