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Cake day: July 4th, 2023

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  • TheWorstMailman@lemm.eetomemes@lemmy.worldTake your FICO and shove it!
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    4 months ago

    This is Modern Monetary Theory (MMT). I recommend “The Deficit Myth” by Stephanie Kelton

    It helped me to realize that a federal government that’s in control of their own money doesn’t use or even have money, and basic terms that we take for granted mean something different in that context. A federal government creates money through spending and destroys money through taxes. It is necessary for a federal government to spend money in order for money to exist in the economy. So a national debt just means that the federal government is creating more money that is destroying





  • TheWorstMailman@lemm.eetomemes@lemmy.worldAccio gasolina
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    5 months ago

    Fair. But isn’t complaining about gas prices America’s largest export?

    Just checked some other countries and it seems like Canada is the only one that breaks this general pattern, though it’s obviously not rigorous research

    Edit: Also, I don’t really care. I was just venting some frustration to The Internet


  • TheWorstMailman@lemm.eetomemes@lemmy.worldAccio gasolina
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    5 months ago

    This is some boomer nonsense. I can’t find 2 sources that seem to agree on specific numbers, but several sources, and my personal experience, agree that gas prices peaked in 2008 after the one two punch of Katrina and the housing market collapse

    I started driving in 2006 and bought my first car in 2008 and I can confidently say that I’m paying less for gas now than I was when I started driving and I’m not even talking about adjusting for inflation. Are prices too high? Yeah, probably. But this “then vs now” shit just ain’t true