In other words, if the money is all fake, and we can conjure up as much of it as we want without any consequences, as both political parties would have you believe over the last several decades, why should FEMA ever be asking for more money to help hurricane victims?
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18 sats \ 1 reply \ @Bell_curve 5h
https://www.fema.gov/disaster/current/hurricane-helene/rumor-response
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0 sats \ 0 replies \ @SimpleStacker 5h
I don’t know what to believe.
I neither believe the government nor the people posting videos on social media.
We live in dark times with so few trustworthy sources of news
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0 sats \ 0 replies \ @0xIlmari 1h
Ah, the age-old question of "if you can print money in any quantity, why even levy taxes at all?"
The answer is, that would completely destroy the value of the fiat money, people would see it as the garbage that it is and stop using it altogether. But when noone uses a money, then printing it brings no economic benefit.
So they need to keep the inflation low enough that people tolerate it, and for that, they provide at least some of the financing through taxation.
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0 sats \ 0 replies \ @SatsMate 5h
The situation is truly sad, hoping we can get Trump in office and eventually get a Javier Milei/Nayib Bukele in office.
America is lost if we go down the socialist Harris path.
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