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0 sats \ 1 reply \ @028559d218 OP 6h \ parent \ on: Bitcoiners have Somehow, Unfortunately, Lost the Plot bitcoin
The US cannot just 'print up dollars' without some revenue source. Income taxes are a huge % of federal revenues and if you abolish them... Well OK. But either government has to shrink massively (which includes the DoD, Medicare and Social Security which people don't want) OR the deficit has to increase massively ballooning interest rates probably sending the economy into recession. Just 'print the dollars up' and the US turns into Argentina
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9 sats \ 0 replies \ @freetx 6h
Just 'print the dollars up' and the US turns into Argentina
Again, we have already been doing this for 60+ years. All exponential curves eventually steer towards infinite increases....and this is just where we currently are in that curve.
I'm suggesting a continuation of the same just at a slightly enhanced rate. In fact, this is the "mainstream solution".
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