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by bubbleRefuge
3480 days ago
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Upvote. Well stated. Think of it this way: All money is printed we just have to optimize the correct amount and preferably get it in the hands of those willing to spend it. Micro-economic thinking is the enemy of Macro Economics. Saving money is the enemy. If everyone saves what they make and doesn't borrow, we have no economy(we could barter though). Problem is to much money is sitting in accounts of the wealthy and not spend, we need to focus on increasing income to the masses. Best way is lower taxes and infrastructure spending. Forget about taxing the rich its irrelevant and politically unpalatable. |
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