U.S. National Debt Tops $30 Trillion as Borrowing Surged Amid Pandemic

Discussion in 'Economics' started by ipatent, Feb 1, 2022.

  1. SunTrader

    SunTrader

    That is MMT, repackaged Keynesianism, at its "finest".
     
    #11     Feb 2, 2022
  2. Nine_Ender

    Nine_Ender

    13 years of you posting this shit god you are a moron.
     
    #12     Feb 2, 2022
  3. RGLD

    RGLD

    That's why the birthrate is declining. The unborn are not stupid.
     
    #13     Feb 2, 2022
  4. SunTrader

    SunTrader

    As well as living adults, and ones who came before us in last century or so, are polluting the environment - and with it food sources - to such an extent male sperm counts have been dramatically dropping.
     
    #14     Feb 3, 2022
  5. piezoe

    piezoe

    In modern times, the U.S. has never financed its spending with borrowed money! It always finances its spending with tax receipts or newly created money. Keep in mind there is no U.S. National Debt. There is a net cumulative deficit, but there is not a "National Debt." Not at the present time. The U.S. can create too much money , or too little. It can manage its monetary policy well, or poorly. But it has no debt. U.S. States have debt, You and I may have debt, but there is no National Debt, so far at least. No country that has its own fiat currency and has not borrowed in another country's currency has debt in the traditional sense of the word "debt." In today's United States, "The National Debt," is a creation of political rhetoric. In other words, it is a myth.

    Perhaps the single most important thing to understand in regard to the so-called national debt is that Treasury Securities serve an entirely different purpose than the raising of money.
     
    Last edited: Feb 3, 2022
    #15     Feb 3, 2022
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  6. RGLD

    RGLD

    It's no one's problem. We'll be too old/dead to care. Like dying with a mountain of debt and no kids.
     
    #16     Feb 3, 2022
  7. piezoe

    piezoe

    You're not qualified to comment on MMT. Which explains why you post such ridiculous statements. I trust your statements in regard to sperm counts, but not those in regard to MMT.
     
    #17     Feb 3, 2022
  8. SunTrader

    SunTrader

    Because you read a book or two on nonsense MMT means you are qualified?
     
    #18     Feb 4, 2022
  9. SunTrader

    SunTrader

    You should have included sentiment when replying to vegasdesert. Would have saved me from replying to a cynic.
     
    #19     Feb 4, 2022
  10. piezoe

    piezoe

    Because I have been a student of economics since ~2010 and my main focus has been money theory since ~ 2014. And yes, I admit that I have read even more than "a book or two". I have posted reading recommendations for those interested in money theory in another thread in this forum. If you search for "Randall Wray" in the body of my posts you can probably turn up relevant posts.
     
    #20     Feb 4, 2022