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    TC Won't Give In To Lies (tcatinreality@mastodon.social)'s status on Friday, 17-Jan-2025 08:50:59 JSTTC Won't Give In To LiesTC Won't Give In To Lies
    in reply to
    • GhostOnTheHalfShell
    • Laffy
    • Nicole Parsons
    • *|FNAME|* 🇨🇦🇺🇦🇬🇱

    @GhostOnTheHalfShell @Npars01 @Crispius @GottaLaff
    That may be technically correct, but irrelevant for two reasons.

    1) While the gov can magically create money, it pays real money when it buys goods/services or pays wages. Of course, gov could simply print more money, but doing that too much/too fast causes an inflationary spiral.

    2) The gov has chosen to legislate a debt cap, essentially shackling itself to the income + approved debt ceiling.

    In conversationabout 4 months ago from mastodon.socialpermalink
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GNU social JP is a social network, courtesy of GNU social JP管理人. It runs on GNU social, version 2.0.2-dev, available under the GNU Affero General Public License.

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