We have our Ron DeSantis types in Canada too - ie, the new leader of our Conservative Party, who is carrying on endlessly about how federal government spending on Covid relief will be a burden on our children and grandchildren. I must send this message on to him.
They understand it as they are eager to use it for things like war (contracts to weapons manufacturers and contractors, etc.) they are just bad faith actors or they don't know the WHY of how it works. Also the conservative ethos is that government should just police private property and their own sovereign borders and everything else that goes on is best handled by the market, survival of the fittest style.
The reason why I think that politicians don't know what fiat currency is because I saw a clip of a US Senator saying, "But where does the money come from? Pixie dust?"
And I thought to myself, "Yes, ma'am, if you want to call the appropriations bills YOU ARE PASSING 'pixie dust'."
Acting as Governor is not the same as a congressman. Additionally, NY was woefully unprepared and had countless self-inflicted wounds caused by poor policymakers. I suppose you would be in favor of a massive spend to clean up the crime spree now occurring in many of our biggest cities.
Stephanie makes a cogent point, of course, but the photo of Biden labeled as the "currency issuer" is an unfortunate miscue. Congress has the power of the purse, not the Executive Branch, which is why it's so hard to get anything done. I understand that Biden is meant to represent the federal gov't, but we should take care to keep our constitutional ducks in a row.
While I wish all members of Congress loved MMT and aid for hurricane victims is needed fast, there should be limits based on where you live. Many professors have warned for over 60 years on the folly of developing barrier islands an even too close to the sea in some mainland areas. Should the Issuer bail out these areas every time a hurricane comes along? While it Can do this it seems questionable. Beyond the fiscal space shrinking due to the massive aid it just flies in the face of science to keep developing fragile wetlands and barrier islands in the name of freewill!
The federal government should buy up as much real estate in Florida as it can, say at 120% of assessed value, and turn those areas into a national park. It should also pay $25,000 to every adult and child who agrees to move to another state and never return to Florida. If people have insurance then let them keep the proceeds. I've read that only 20% of the people affected had flood insurance. Then it should finance the clean up of all national park property and hire jobs guarantee workers to do create the park.
Clearly it seems worthwhile to help these unfortunate people regain their fruitful and peaceful lives. It is wonderful that so many private organizations and individuals help along with FEMA. Stephanie and MMT point out that it is the Federal Government that has the capacity to pay for the restoration of their lives. I think we should. People are our nations greatest resource.
Any building project of this size will put a strain on resources with resultant inflationary pressure. These resources could have been used to increase not replace our housing supply. It seems smart to make this collective investment in infrastructure in areas less prone to destruction with designs less prone to damage.
This cannot be repeated too often.
It's necessarily repeated every hurricane or other natural disaster. Then government spending is ok for Republicans, when they need it.
We have our Ron DeSantis types in Canada too - ie, the new leader of our Conservative Party, who is carrying on endlessly about how federal government spending on Covid relief will be a burden on our children and grandchildren. I must send this message on to him.
They don't WANT to understand it.
They understand it as they are eager to use it for things like war (contracts to weapons manufacturers and contractors, etc.) they are just bad faith actors or they don't know the WHY of how it works. Also the conservative ethos is that government should just police private property and their own sovereign borders and everything else that goes on is best handled by the market, survival of the fittest style.
You are so right.
The reason why I think that politicians don't know what fiat currency is because I saw a clip of a US Senator saying, "But where does the money come from? Pixie dust?"
And I thought to myself, "Yes, ma'am, if you want to call the appropriations bills YOU ARE PASSING 'pixie dust'."
DeSantis also asked that all 67 counties be declared emergency areas when many weren't affected.
The Fed's spend too much... when it's for others, but not when his state needs it.
Acting as Governor is not the same as a congressman. Additionally, NY was woefully unprepared and had countless self-inflicted wounds caused by poor policymakers. I suppose you would be in favor of a massive spend to clean up the crime spree now occurring in many of our biggest cities.
Stephanie makes a cogent point, of course, but the photo of Biden labeled as the "currency issuer" is an unfortunate miscue. Congress has the power of the purse, not the Executive Branch, which is why it's so hard to get anything done. I understand that Biden is meant to represent the federal gov't, but we should take care to keep our constitutional ducks in a row.
While I wish all members of Congress loved MMT and aid for hurricane victims is needed fast, there should be limits based on where you live. Many professors have warned for over 60 years on the folly of developing barrier islands an even too close to the sea in some mainland areas. Should the Issuer bail out these areas every time a hurricane comes along? While it Can do this it seems questionable. Beyond the fiscal space shrinking due to the massive aid it just flies in the face of science to keep developing fragile wetlands and barrier islands in the name of freewill!
The federal government should buy up as much real estate in Florida as it can, say at 120% of assessed value, and turn those areas into a national park. It should also pay $25,000 to every adult and child who agrees to move to another state and never return to Florida. If people have insurance then let them keep the proceeds. I've read that only 20% of the people affected had flood insurance. Then it should finance the clean up of all national park property and hire jobs guarantee workers to do create the park.
Clearly it seems worthwhile to help these unfortunate people regain their fruitful and peaceful lives. It is wonderful that so many private organizations and individuals help along with FEMA. Stephanie and MMT point out that it is the Federal Government that has the capacity to pay for the restoration of their lives. I think we should. People are our nations greatest resource.
Any building project of this size will put a strain on resources with resultant inflationary pressure. These resources could have been used to increase not replace our housing supply. It seems smart to make this collective investment in infrastructure in areas less prone to destruction with designs less prone to damage.