I believe @yakpoo helped double the amount of posters. Before he started that thread on CT, there were even fewer people posting here.
Perhaps everyone knows this and I'm just late to the party...but Quantitation Easing (QE) is actually part of Modern Monetary Theory (MMT). We're actually implementing this nonsense. The Fed balance sheet is already up to $8.5 Trillion...and growing. Biden just nominated Saule Omarova for "Comptroller of the Currency". She graduated from Moscow State University and is currently a law professor at Cornell University. She advocates for the complete takeover of the banking system by the Federal Reserve. There are also proposals to monitor bank transactions greater than $600 and fund $80 Billion for IRS enforcement. "Omarova does not trust the public. She rejects the decisions made by millions of people. She wants to rely on “adults” who share her own beliefs to “shape” where all the money goes. According to Omarova’s viewpoint, it is preferable for a committee of government officials – a select few who literally hold power over everyone else – to control money and credit rather than to decentralize that control to private individuals, people who can only continue providing financial services by satisfying the public. This view represents a fundamental conflict between those who favor economic freedom and those who prefer to have a ruling class direct everyone else’s economic decisions." https://www.cato.org/blog/biden-adm...nation-about-much-more-stricter-banking-rules The whole basis for MMT is the idea that a sovereign country can print as much money as they need to meet their needs/desires. Money supply isn't the limiting factor, inflation is. As long as they tax the money out of the system they put in, there is no inflation and the money supply can grow without restriction. Of course, that's absolutely crazy, but it's actually being implemented and is what justifies all these Marxist policies.
Morons . . . every last one of them. Since there's so much emphasis on environmentalist policy, why not get a two'fer and declare grey water our national currency . . . that way we can just pour it into our piggy banks and be wealthier without having to kill trees to print the money . . . and we can have as much as we can dirty up.
Yeah . . . it doesn't really matter whether it's digital, paper or some other representation having no tangible value, with idiots like that at the helm it'll be pretty much the same thing as grey water.
We can't have an intelligent conversation when no one listens. Everything in the DNC platform relies on Modern Monetary Theory to work. I would support anything Democrats want...if they can first explain how MMT works. I ask the question HERE. I would really like to engage with you on MMT. If you can explain how it works, I will apologize and get on board with the DNC platform. If we can pay for all this spending without destroying the economy, society, and Constitutional law...I'm all in!
"M1, M2 and M3 are measurements of the United States money supply, known as the money aggregates. M1 includes money in circulation plus checkable deposits in banks. M2 includes M1 plus savings deposits (less than $100,000) and money market mutual funds. M3 includes M2 plus large time deposits in banks." https://www.clearcapital.com/resources/glossary-of-terms/m1-m2-and-m3/ Inflation occurs as M2 expands*. This is the supply of money "chasing goods". Under MMT, we see that the Treasury can expand M3 and transfer these newly issued bonds to the Fed. The Fed then uses "repo" and "reverse-repo" agreements to absorb the excess reserves in M2. In this way, M2 can expand without inflation or interest rates getting out of hand. This means that as stimulus expands M2, there needs to be a corresponding expansion of M3 on the backside to catch all these excess reserves. Otherwise, inflation spirals out of control. The Fed balance sheet has surpassed $8.5 Trillion and it's growing. The Fed keeps talking about tapering, but I don't see how they do it...and control interest rates at the same time. Investing is now a question of..."How long can we keep this Ponzi scheme going before it all comes crashing down?". I wish I had more confidence in the people steering this ship. *Note: The Fed actually uses a hybrid model called Money Zero Maturity (MZM) for measuring inflation. "For those familiar with money supply measurements, MZM includes the M2 measure less the time deposits, plus all money market funds. MZM has become one of the preferred measures of money supply because it better represents money that is readily available within an economy for spending and consumption." https://www.investopedia.com/terms/m/moneyzeromaturity.asp
