1097
this post was submitted on 30 Nov 2023
1097 points (96.1% liked)
A Boring Dystopia
9744 readers
552 users here now
Pictures, Videos, Articles showing just how boring it is to live in a dystopic society, or with signs of a dystopic society.
Rules (Subject to Change)
--Be a Decent Human Being
--Posting news articles: include the source name and exact title from article in your post title
--Posts must have something to do with the topic
--Zero tolerance for Racism/Sexism/Ableism/etc.
--No NSFW content
--Abide by the rules of lemmy.world
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
When the federal government spends it is creating money with the press of a keystroke. It is essentially putting money into circulation. And that money is going to American businesses that make weapons and technology which is then sent to Ukraine. Those American businesses employ American workers.
Government spending creates money, it doesn't create debt. Too much government spending could create inflation though.
Any amount of money printing in this context adds to inflation. Every dollar printed devalues the rest
Though AFAIK controlled inflation is healthy for economy. At least in comparison to deflation.
My man, money is debt.
Which is why the cost of living has increased massivelly in the US all the while that very same FED that's creating new money by the truckload keeps pushing out Official Inflation figures that are way off from the observed reality of cost of living increases.
"Printing" money (it's not really printed nowadays, but let's go with calling it "printing") decreases the value of the money already in exitence (it increases the count of units of claim to the underlying value whilst not at all increasing the underlying value) hence more money units are needed to get the same things - a.k.a. Inflation - but since there very same people who print the money are the ones telling the rest officially how much Inflation is, they can easilly print money whilst they deceive the public about the negative side effects of it.