Wage Strikes Planned at Fast-Food Outlets

[Ame®icano]

Money creation is ex-nihilo. Basically, the FED credits private bank accounts, that's the short and sweet version.

FED credit private banks with what?

It marks accounts up or down with 1's and 0's.

Keep avoiding the answer. Smart ass.

 

[Kimura]

FED credit private banks with what?

It marks accounts up or down with 1's and 0's.

Keep avoiding the answer. Smart ass.

I'm not.

The federal government literally creates money when it spends or lends.

 

[Ame®icano]

It marks accounts up or down with 1's and 0's.

Keep avoiding the answer. Smart ass.

I'm not.

The federal government literally creates money when it spends or lends.

You asked earlier:"How will this make economy to implode?"

Creating money out of nothing wont implode economy, but it will certainly hurt it on a long run.

 

[hunarcy]

I'm not.

The federal government literally creates money when it spends or lends.

No, the money the government spends comes from the taxpayer...unless you're claiming it's a giant Ponzi scheme where they're creating money out of nothing that will create hyper inflation in the future.

 

[Kimura]

Keep avoiding the answer. Smart ass.

I'm not.

The federal government literally creates money when it spends or lends.

You asked earlier:"How will this make economy to implode?"

Creating money out of nothing wont implode economy, but it will certainly hurt it on a long run.

Money creation is ex-nihilo under a fiat system. In other words, all money creation is out of thin air. There isn't some fixed quantity in a vault at the FED.

 

[Kimura]

I'm not.

The federal government literally creates money when it spends or lends.

No, the money the government spends comes from the taxpayer...unless you're claiming it's a giant Ponzi scheme where they're creating money out of nothing that will create hyper inflation in the future.

No, the government's own fiat doesn't come from the taxpayer. It doesn't have to collect that back in taxes which it freely issues in order to fund its own expenditures.

 

[The Rabbi]

I'm not.

The federal government literally creates money when it spends or lends.

No, the money the government spends comes from the taxpayer...unless you're claiming it's a giant Ponzi scheme where they're creating money out of nothing that will create hyper inflation in the future.

No, the government's own fiat doesn't come from the taxpayer. It doesn't have to collect that back in taxes which it freely issues in order to fund its own expenditures.

It's just free money! Like spending air, right?
Darn why dont we just abolish all taxes?

 

[TakeAStepBack]

As Kermit will tell you, "Taxes create demand for the national unit of account and they're used to regulate aggregate demand."

It's simply another method to control production.

 

[Kimura]

No, the money the government spends comes from the taxpayer...unless you're claiming it's a giant Ponzi scheme where they're creating money out of nothing that will create hyper inflation in the future.

No, the government's own fiat doesn't come from the taxpayer. It doesn't have to collect that back in taxes which it freely issues in order to fund its own expenditures.

It's just free money! Like spending air, right?
Darn why dont we just abolish all taxes?

All dollars in circulation are a result of government spending them into existence at some point. Yes, indeed, spending is COSTLESS for the federal government. The federal government cannot run out of its own fiat, it has the authority to create it without limit. Congress controls and regulates the spending.

 

[Kimura]

As Kermit will tell you, "Taxes create demand for the national unit of account and they're used to regulate aggregate demand."

It's simply another method to control production.

Besides its ability to tax, the federal government has an unlimited ability to create $$$$. When it taxes or "borrows", $$$$ is removed from the private sector. When it creates $$$$, past what it taxes or borrows, it adds net financial assets to the private sector.

Taxes are not REQUIRED to fund government in any capacity. In point of fact, government spending creates $$$$ that comes back in the form tax payments (debits). Government spending finances any tax payments.

 

[Kimura]

EDIT TO ADD:

When you think about it, taxes allow real resources to be moved from the private sector to government sector without an inflationary risk. This is accomplished by removing some non-government spending power, which then allows the government to buy real goods and services without raising prices. For example, even though taxes don't fund government in any capacity, they do create economic real estate for government services, such as education, health care, etc.

 

[TakeAStepBack]

Besides its ability to tax, the federal government has an unlimited ability to create $$$$. When it taxes or "borrows", $$$$ is removed from the private sector. When it creates $$$$, past what it taxes or borrows, it adds net financial assets to the private sector.

Forgetting anything there, Kermit?

 

[hunarcy]

I'm not.

The federal government literally creates money when it spends or lends.

No, the money the government spends comes from the taxpayer...unless you're claiming it's a giant Ponzi scheme where they're creating money out of nothing that will create hyper inflation in the future.

No, the government's own fiat doesn't come from the taxpayer. It doesn't have to collect that back in taxes which it freely issues in order to fund its own expenditures.

So, why does the government collect taxes, then?

 

[hunarcy]

All dollars in circulation are a result of government spending them into existence at some point. Yes, indeed, spending is COSTLESS for the federal government. The federal government cannot run out of its own fiat, it has the authority to create it without limit. Congress controls and regulates the spending.

Honestly, that statement is jaw droppingly ignorant.

 

[Ame®icano]

No, the money the government spends comes from the taxpayer...unless you're claiming it's a giant Ponzi scheme where they're creating money out of nothing that will create hyper inflation in the future.

No, the government's own fiat doesn't come from the taxpayer. It doesn't have to collect that back in taxes which it freely issues in order to fund its own expenditures.

It's just free money! Like spending air, right?
Darn why dont we just abolish all taxes?

Exactly. If government can live and function on fiat money from FED, why are we paying taxes at all?

 

[Indeependent]

No, the government's own fiat doesn't come from the taxpayer. It doesn't have to collect that back in taxes which it freely issues in order to fund its own expenditures.

It's just free money! Like spending air, right?
Darn why dont we just abolish all taxes?

Exactly. If government can live and function on fiat money from FED, why are we paying taxes at all?

Because the nations we deal with aren't falling for the bull.

 

[Kimura]

No, the money the government spends comes from the taxpayer...unless you're claiming it's a giant Ponzi scheme where they're creating money out of nothing that will create hyper inflation in the future.

No, the government's own fiat doesn't come from the taxpayer. It doesn't have to collect that back in taxes which it freely issues in order to fund its own expenditures.

So, why does the government collect taxes, then?

Multiple reasons. Demand is one reason. It also guarantees all debts, assets, and prices are denominated in the national currency. Taxes can also be used as a tool to regulate aggregate demand.

 

[Kimura]

All dollars in circulation are a result of government spending them into existence at some point. Yes, indeed, spending is COSTLESS for the federal government. The federal government cannot run out of its own fiat, it has the authority to create it without limit. Congress controls and regulates the spending.

Honestly, that statement is jaw droppingly ignorant.

Oh dear.

 

[hunarcy]

No, the government's own fiat doesn't come from the taxpayer. It doesn't have to collect that back in taxes which it freely issues in order to fund its own expenditures.

So, why does the government collect taxes, then?

Multiple reasons. Demand is one reason. It also guarantees all debts, assets, and prices are denominated in the national currency. Taxes can also be used as a tool to regulate aggregate demand.

Sorry, what you've said so far has disqualified you from conversation. Have a good life.

 

[Kimura]

So, why does the government collect taxes, then?

Multiple reasons. Demand is one reason. It also guarantees all debts, assets, and prices are denominated in the national currency. Taxes can also be used as a tool to regulate aggregate demand.

Sorry, what you've said so far has disqualified you from conversation. Have a good life.

LOL, okay.