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InitialsDiceBear„Initials” ( by „DiceBear”, licensed under „CC0 1.0” (
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Comments 18
the debt
  • The other person who responded to me made a very all written post but it gets a core assumption completely wrong.

    They seemed to think that tax revenue in some way has to happen for spending to happen. That's why they think GDP has anything to do with our ability to service debt. But the federal government creates money ex nihilo.

    Money has to be created before it can be destroyed through taxation. Spending and back stopping creation of money by private banks through the reserve system comes first. You can't destroy something you haven't created.

    It's sad, really. Economists and politicians have blinded everyone with what I think of as "the money delusion".

    It doesn't matter if the money can be "gathered up" to be spent on things we need. We do not rely on the money of the wealthy. What matters is actual, real resources and services we can provide.

    The national "debt" is a misnomer. That's the amount of dollars left in circulation that have not been destroyed through taxation, as well as the "dollars" that pay interest which we call bonds.

    I'm glad to see at least a handful of other people who understand. Fight the good fight, fellow human.

  • What's something you want to tell us lemmy users ?
  • As someone with decision paralysis and executive dysfunction issues, this is true for me. I'm probably more than capable of using it for a daily driver but there are 5000 flavors and I will likely never be able to make a solid choice until one is obviously vastly superior in some way I need.

  • Vermont becomes 1st state to enact law requiring oil companies pay for damage from climate change [Lisa Rathke | May 31, 2024 | Associated Press]
  • Gotta love the old "it's society at large's fault" even though they knowingly have let the world burn for their profit as well as suppressed innovation and information that could have helped alleviate our issues.

    Oh and literally bribe our government to write laws to make them unaccountable.

    Fuck these people. They are monsters.

    If they want to have more rights than real people, they should have more accountability and responsibility, not less.

  • no wait he has a point
  • Acts 4:34-36

    "For there was not a needy person among them, for all who were owners of land or houses would sell them and bring the proceeds of the sales and lay them at the apostles’ feet, and they would be distributed to each as any had need."

    They mean this Christianity, right???

  • What are you playing this week? May 06 2024 Edition
  • Old School Runescape. Getting ready to try some raids with a couple friends.

    The Last Hero of Nostalgaia. Friend bought me the DLC for my upcoming birthday because it's one of my favorite souls likes.