|
|
|
|
|
|
by username90
2000 days ago
|
|
|
> National debt is simply the amount of the national currency in circulation. > Government debt have no interest No it isn't, this is such a stupid dumb lie, why did you fall for this? The big fat liars really got to you. USA paid 500 billion in interest on their government debt last year, "Interest free" my ass. https://www.treasurydirect.gov/govt/reports/ir/ir_expense.ht... And about my harsh language, your side on this is like the "smoking doesn't cause cancer" propaganda funded by tobacco companies. Some must have strong incentives to want to increase government debt, otherwise such crap wouldn't be spread around. |
|
|
Bonds have an interest rate on them, that essentially equate to the government saying "X amount of years from now, we'll be printing this amount of money". It's a roundabout way of simply printing money directly
If a bond need to be realised the government switch on the money printer and hands it out (though it's not really a printer, since it's all digital). If they hadn't issued the bond they could simply create the exact same amount of money and have the exact same amount of "national debt". Sure it's called interest rates, but from the government's side of the table it makes no difference
The government can print infinite money at any time and there is literally no difference in the taxes needed, the level of national debt, or the government's ability to fund welfare whether they issue bonds or not. Bonds are a plan for how much the government expects to print in the future, not loans that requires taxes to be paid
It's your choice to put me in some box belonging to a "side". I don't see myself that way and you telling me which side I belong to is not really going to change that. It does however make me sad to read your message. I think the world already has too much conflict and the only way I can see out of it is with dialogue, openness, and empathy
Putting people in boxes, on a "side", or assigning them a label prevents all of those and will only create more conflict and more frustration
I'm guessing you're scared of the concepts in MTT, since you're comparing it to the tobacco industry.
My personal experience is that understanding people you disagree with is the best way to move past being scared. I hope you make a choice for yourself to approach disagreement in a more constructive way for your own sake
I'm fine with you having a different worldview than me, but I'm not really interested in hearing what you have to say if it's not done in a respectful dialogue, so I'm not interested in discussing this further with you