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r3020
Senior Advisor

Re: The establishment and fiscal restraint


@Samnospam wrote:

'How will this be converted and when?'

 

They'd like to take the treasuries held by the federal reserve and mark them out of existence.  POOPH! debt gone.  Party on Garth!

 

This in John's grandaughter's article applies to so much that goes on in the world and certainly applies to MMT philosophy:

 

'The last sentence is a claim the author doesn’t seem capable of examining: His survival depends on oppression and injustice. The next assumption is: Therefore, oppression and injustice are necessary and justified.'


Sounds like something Harvard came up with. Default by way of a printing press. Why do we need taxes?