American goys may want to secure finances fast

submitted by casparvoneverecBig tiddy respecter from self.debatealtright

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[–]casparvoneverecBig tiddy respecter[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (3 children)

Explain how the fed pumping trillions of newly made dollars into the stock market grows the economy

[–]EthnocratArcheofuturist 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (2 children)

How is that not a straw man?

[–]casparvoneverecBig tiddy respecter[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

Its not a straw man. its a fair question. This is what the federal reserve is doing. It exclusively privileges the wealthy who get the first bite of the new money before it can cause inflation in the market. If money printing magic was all that it took, then every country ranging from Russia, China, India would do it. No country would borrow money at all.

Japan has been doing this money printing for the last 30 years and its economy and society are near death from unemployment and low growth.

[–]EthnocratArcheofuturist 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

But MMT isn't in support of "printing" trillions in order to prop up the financial sector.