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Joined 1 year ago
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Cake day: June 24th, 2023

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  • Oh lol I totally misread that. 🤣

    Of course you’re correct: persistence is key and much more important than consistency (as in: perfectly nail every dodge, which is my problem).

    Like many others already said: Probably the best take is to “understand” that dying is not failure but part of the progression system. But instead of grinding experience points to progress your character (which is totally possible in dark souls) you grind real experience by repeating difficult parts over and over again and progress as a player.

    It’s actually extremely clever game design.






  • I see what you mean, but this is not about having a strangle hold on the world or being the world’s reserve currency. This is about having your own currency and collecting taxes in this currency. As long as a country collects taxes in its own currency there will be demand for that currency.


  • Okay, but even if the USA can’t change the law regarding states bonds, it is virtually impossible that people stop buying US states bonds since the US Dollar is kinda like the most established currency in the world.

    So your argument is completely theoretical.



  • Then stop selling bonds and start investing directly (build schools, repair bridges, pay your employees, etc.).

    Countries don’t have to take the detour through state bonds because they can make money out of thin air. State bonds are a self-imposed and there’s no law of nature that mandates using them.


  • They seemed to think that tax revenue in some way has to happen for spending to happen.

    Noo!

    But the federal government creates money ex nihilo.

    Yes!

    Money has to be created before it can be destroyed through taxation.

    Yes!!

    We do not rely on the money of the wealthy. What matters is actual, real resources and services we can provide.

    Yes, yes and yes!! ❤️

    Thanks for your concise explanation of MMT! I wouldn’t be able to phrase it this well. ❤️