• 6 Posts
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Joined 2 years ago
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Cake day: June 17th, 2023

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  • On Wikipedia it says

    Mmt principals (nr 3) Is limited in its money creation and purchases only by inflation, which accelerates once the real resources (labour, capital and natural resources) of the economy are utilized at full employment

    So you can’t really always print more money, unless you don’t care about inflation (that mostly screws the middle class).



  • Camelbeard@lemmy.worldtoLefty Memes@lemmy.dbzer0.comModern Monetary Theory
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    2 months ago

    I’m not sure what OPs argument is, but maybe it’s something like, if we have very high inflation the rich will actually lose money as their savings have less value. While at the other hand wages go up.

    This argument is flawed, as the rich usually don’t have savings, but investments. Those will actually just go up with inflation. Like if you invest in stocks, gold or houses, all of those will go up in times of high inflation.

    So printing money is just going to screw the middle class with some savings in the bank. It’s also going to screw young people that don’t own a house.




  • First of all you’ll be really happy with all those babies when you turn 80 and society hasn’t fallen because the average age is 70.

    Second, when childcare is free more people can join the workforce, this increases taxes and productivity.

    But maybe the most important it will make society more equal. When you’re poor working almost doesn’t make sense if you have to spend 80% of your salary on childcare. So more people don’t work, these people are usually women. That really doesn’t help with an equal society, because a big group can’t really work so they can’t really climb any ladders.








  • I have a pixel 6 pro, but I wouldn’t recommend it. You’d think Google is capable of providing a perfect Android experience, but my old Note 9 was way less buggy.

    I’ve had lots of issues with 3rd party launchers (nova), I can’t even use the USBC with a dongle and second screen (my old Note could do this without issues). Also this is my first phone without headphone jack and SD slot, both I really miss. Just in general the software (especially in the beginning) felt really buggy with small glitches etc.

    I don’t think I’ll ever go pixel again.