• 8.69K Posts
  • 4.07K Comments
Joined 2 年前
cake
Cake day: 2023年6月11日

help-circle




































  • It was part of how we got out of the Great Depression — it transferred money from the owning class to people who had debts. We don’t actually want to go back to gold (or any other non-inflationary currency) because it gets rid of the flexibility to do that, which part of how we prevent bad recessions from turning into deflationary recessions.

    In any case, having fiat currency, or not, is a separate issue from whether the US will actually pay its debts as promised. And it’s the debt payment that Trump is putting in question.