Economy

1625 readers

85 users here now

Lemmy Community for economy, business, politics, stocks, bonds, product releases, IPOs, advice, news, investment, videos, predictions, government, money, politics, debate, current trends and more.

founded 2 years ago

MODERATORS

sv1sjp@lemmy.world

Why the Federal Budget Deficit Could Trigger the Next Financial Crisis (www.investopedia.com)

submitted 9 months ago by tuxbot to c/economy@lemmy.world

3 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] davel@lemmy.ml 2 points 9 months ago* (last edited 9 months ago)

The United States can pay any debt it has because we can always print money to do that.
— Alan Greenspan, 13th chairman of the Federal Reserve
Why The Government Has Infinite Money
Your [federal] Taxes Pay for Nothing
What Caused Hyperinflation In Weimar, Zimbabwe And Venezuela? A lot of people point to Weimar, Zimbabwe and Venezuela as examples of the dangers of MMT, but let's have a closer look at hyperinflation in these three examples. All three had distinctly similar factors that lead to the spiralling devaluation of their currency. While they can teach us some lessons about hyperinflation, they're nothing to do with MMT.