@notsoloud @Vonskinnback @randahl

The amount of money governments like this can create has no limit.

Inflation becomes a problem when the resources a market can provide do not match that investment.
This is the real limit to government spending: the people doing the work, the missing specialists for difficult tasks, the materials that are needed, missing infrastructure and so on.

Anything a government can produce can always be financed.

@Vonskinnback @notsoloud @randahl many countries in the world function this way. This is how the Biden admin managed to get out of the Covid recession before.

The short story is, there are different schools in macro #economics and the dominating one favors the rich, small powerless governments, free markets and is afraid of government deficits. If you like to learn more you can start here: https://youtu.be/TANEzcjNDvc?si=huuKADzDJ_66JlnT

#neoliberalism

@Vonskinnback @notsoloud @randahl it causes the deficit to rise, the economy to prosper and it creates value with whatever was produced with that money.

@elCelio @notsoloud @randahl see my post here https://rollenspiel.social/@markus_falk/116113190527761035

@notsoloud @randahl that is part of the misconception. Inflation is not directly linked to creating money. It only rises if the spending power can not be met by what a market can provide.

So as long as there is enough supply in hospital ships, inflation remains low.

Also, raising taxes removes that money from the system and then it’s gone. You literally cannot spend tax dollars.

@vosje62 @randahl well nice. Let’s see how this ship then backfires

@randahl be aware that #tax dollars financing a government like the US is a wide spread misconception about how fiat money (https://en.wikipedia.org/wiki/Fiat_money) works. They do not use tax dollars for this otherwise ludicrous propaganda shit show 🤪.

I am wondering who is not being taken care of there. What is the #healthcare system like on #Greenland? No doubt it’s better than what #US citizens have.