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fiat money

@fiat_money

Central fact on money: government deficit = private sector SURPLUS. That’s why every time the US gov tried to reduce the national debt a *depression* followed

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linkhttps://youtu.be/l5_i4b7kOzw?si=nqoX_eGtUkvsfecW calendar_today16-04-2017 22:07:51

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@fiat_money

4 years ago

Joe Weisenthal Kalecki wrote about this in 1943: businessmen prefer a recession that crushes workers than full employment and high wages. Employers hate full employment and fund propaganda to make it rare: scare people with gov debt, inflation, whatever.

<a href="/TheStalwart/">Joe Weisenthal</a> Kalecki wrote about this in 1943: businessmen prefer a recession that crushes workers than full employment and high wages. Employers hate full employment and fund propaganda to make it rare: scare people with gov debt, inflation, whatever.