Can someone explain to me in what sense this money is any real kind of loss for the US? They literally own the dollar printing machines. Sure it’s going to be some fraction of inflation but it’s not as if the US bank account is going to miss this money?
Debt isn’t a problem until it suddenly is. That inflation you’re brushing off can get worse, eventually to the point where they’re printing money just to stay afloat. We’re already at the point where $1 trillion goes to just paying the interest on the debt each year.
For this one thing yeah the small fraction of inflation wouldn’t probably be noticeable. But you cannot do it for everything or every fraction adds up to a bunch.
Every dollar printed affects the value of every dollar already in circulation. Where that money goes changes who feels it. Printing money to blow up and then subsequently rebuild infrastructure in Iran is going to hurt basically all Americans, although some people (guess who) are probably going to see their share of the pie grow even more because their assets are not held in USD.
It’s all so goddamn stupid. If I allow myself to turn to illiberal thoughts I begin to feel like perhaps anyone who supported this clown should have their voting rights permanently stripped. He’s the worst president in maybe 150 years. I guess Trump supporters should be thankful the rest of us are so goddamned liberal.
Can someone explain to me in what sense this money is any real kind of loss for the US? They literally own the dollar printing machines. Sure it’s going to be some fraction of inflation but it’s not as if the US bank account is going to miss this money?
More debt.
The amount of money the government prints and destroys is public information. You can’t just raise the first one a ton without making people panic.
Debt isn’t a problem until it suddenly is. That inflation you’re brushing off can get worse, eventually to the point where they’re printing money just to stay afloat. We’re already at the point where $1 trillion goes to just paying the interest on the debt each year.
For this one thing yeah the small fraction of inflation wouldn’t probably be noticeable. But you cannot do it for everything or every fraction adds up to a bunch.
It’s the same money that the board of peace is investing in Gaza rn
Every dollar printed affects the value of every dollar already in circulation. Where that money goes changes who feels it. Printing money to blow up and then subsequently rebuild infrastructure in Iran is going to hurt basically all Americans, although some people (guess who) are probably going to see their share of the pie grow even more because their assets are not held in USD.
It’s all so goddamn stupid. If I allow myself to turn to illiberal thoughts I begin to feel like perhaps anyone who supported this clown should have their voting rights permanently stripped. He’s the worst president in maybe 150 years. I guess Trump supporters should be thankful the rest of us are so goddamned liberal.