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CBO weights in on Build Back Better bill
- Thread starter America 1st
- Start date
add a decimal to that number. that's how the cbo works.
Ben Franklin understood MMT:
“Franklin argued that a well-run paper currency would ultimately benefit everyone: An adequate money supply lowers interest rates, encourages trade, creates more demand and raises the value of the colony’s products. He insisted that “labouring and Handicrafts Men (which are the chief Strength and Support of a People)” would move to Pennsylvania and those who were present would stay. Otherwise, skilled workers would seek “entertainment and Employment in other Places, where they can be better paid.”
Franklin simply made a pragmatic case: Paper money would solve the particular problem at hand. But what came next was his great revelation. How could paper currency ever be “real” money? Franklin’s answer was to recognize that money itself was simply a medium of exchange, a measure of value rather than its storehouse.”
Benjamin Franklin’s Greatest Invention
Citizen Ben figured out how to make paper money as valuable as gold or silver coins—and got rich in the process.
www.historynet.com
Paper currency is as American as apple pie.
BigBucnNole
Elite
$36.7 billion annually for a $1.5 trillion spending bill isn't really anything. It's virtually budget neutral. Probably have some state infrastructure pull back when they can use fed funds in place of state.
I'm curious to see what's going to happen when States have all the money. Florida's reserve fund is over 7 billion right now, which is bat shit insane. Not that it's easy to get ahold of, nor would you necessarily want to, it is "talk back" money.
Edit: just pulled New York State's reserves and they are at $2.5 billion. Also high.
I'm curious to see what's going to happen when States have all the money. Florida's reserve fund is over 7 billion right now, which is bat shit insane. Not that it's easy to get ahold of, nor would you necessarily want to, it is "talk back" money.
Edit: just pulled New York State's reserves and they are at $2.5 billion. Also high.
What is SF reserve? Just curious.
BigBucnNole
Elite
Stabilization Funds? What context?
comparing fl to sf reserves.
BigBucnNole
Elite
Who is SF?
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