well said you are one of the only few who understand this. I've been saying it for YEARS. these smelly migrant vermin are not only causing municipalities to invent new taxes and RAISE existing taxes but the FUD is printing MORE $ to pay for them. Print more $ to pay for migrant housing, print $ to pay for their welfare (food stamps, FREE education), print $ to pay for new gov employees in welfare social service offices. ALL that $ printing causes inflation. Supermarkets don't care how they are paid, as long as they are paid. They see increase demand for food so they raise prices more. Then gov raises how much they give to migrants so they can afford the food price increases and on it goes. IDIOTS who voted for Hussien Biden should ALL house a migrant (see how that works out).
then why don't you house some migrants? no room in your studio apartment? or grandma's basement? you think migrants are so brave why don't you house some? answer me? yet another jobless piker on here who is a failure in life.
This may be of interest: https://www.forbes.com/advisor/ca/real-estate/foreign-homebuyers-ban/ I think 2Rosy was attempting to be facetious. No nation that has no outstanding debt instruments denominated in a currency it can't print has any real debt. The reason being that it can, in theory anyway, pay off the "debt" at any time by printing money. However, this does not properly describe the U.S. situation with respect to its so-called "debt". The U.S. prints the money needed to pay off its Treasury Securities (i.e., "Ersatz Debt!) when it spends money it did not have into the economy BEFORE it auctions new-money-associated, Treasury securities. The newly printed and spent money then returns to the Treasury when Treasury securities are auctioned! So in the case of the U.S., and some other nations too, there is no additional printing needed to "pay of the debt". The U.S., nowadays, never really borrows in the first place, and therefore it is impossible for the U.S. to have any debt. The Treasury's auctioning of securities amounts to substituting one kind private sector U.S. money (Treasury Securities) for another kind of pre-existing, newly printed money. New money appears in the economy through the act of printing and spending it into the economy. And this act of printing and spending happens before the Treasury substitutes Securities for this same money. The only difference between these the two kinds of money is that one pays interest and has to be converted to the other kind before it's spendable. Both kinds are highly liquid government liabilities bearing inflation and political risk. The interest on the one kind of money is treated just as any other non-discretionary spending. These government money and spending operations are, for the most part, very, very simple to understand and can be described mathematically in the form of simple identities, and still very few do understand. I maintain this confusion comes from our inability to see money from the government perspective. Instead we insist that government finances are just like private sector finances. They are NOT; yet how many times have we heard politicians drone on about the "government living within its means, just like you and I have to"!!! Are we destined to go on forever saying idiotic things like: "We will never be able to pay off the debt!", "Our grandchildren will be saddled with unconscionable debt"! bla bla bla. The "debt" is of course the accumulated deficit which equals to the penny the money left in the private sector after taxes. Without the Ersatz Debt there would be no money in the private sector after taxes were paid. So of course we would never want to "pay off the debt". And that so-called debt, which isn't, will have to grow as the economy grows (more people, more productivity) or we'll suffer disastrous deflation.
Dude, do you even trade? 30 posts, all filled with belligerent giberish. @Baron can we move this thread to Chitchat please? The discussion has near-zero relevance to economics
dude what do you care what I do? you are another piker living in grandma's basement. you sound like a part-time 'barrista' at starpukes
You really wanna go down this road? I have been on this forum for a while (given your vocabulary, probably before you were born) and care about the quality of discussion. It’s losers like yourself that are making this place a cesspool at times. So please, pretty please, just go watch some porn instead.