Translation: "Only 2 Presidents in last 50 years to REDUCE PRIVATE FINANCIAL SAVINGS"
This is a sad commentary on public awareness. Marriner Eccles must be turning over in his grave.
We need to add a simple message to K-12 education, so that Joe/Jane Sixpack don't find the fundamentals of fiat currency operations to be a surprise, or feel implausible. We can't afford to let most citizens erroneously "believe" that the Earth is flat, nor can we afford to let ourselves believe that we can run out of fiat.
In a fiat currency system, the public Currency Issuer's "Deficit" = the private Currency Issuer's financial savings, or financial equity.
(Public Appropriation) - (Taxes) = Currency Already Available for Private Sector Use.
Anything more comes only from MORE fiat.
The independent variables to manage are national capabilities, national output, national policy, and of course inflation/deflation .... but the currency supply itself is a purely nominal, DEPENDENT variable. Not so different from the # of numerals utilized by math students as they practice and apply their profession.
Fiat currency supply follows Public Initiative. There's no point in "balancing" public fiat, unless you want to freeze both US population and national capabilities. Good luck trying to apply that tourniquet to our own necks. We always pass out before managing to completely strangle our growing nation.
As Paul Meli recently noted, our entire stock of $US was on the order of $1Trillion at the close of WWII. Today, the stock of distributed $US is on the order of $60Trillion. Paul asks whom we supposedly "borrowed" that subsequent $59Trillion dollars from, when the US Treasury is the monopoly supplier.
7 comments:
I didn't vote for either of them so don't blame me.... rsp,
Roger,
Here is a ex very senior Democratic Congressman who knows the real facts. Pete Stark Blows Up Over National Debt
So why doesn't the rest of the Democratic Party? Or the Republican Party for that matter?
"I didn't vote for either of them so don't blame me.... rsp,"
Me niether.
Ha Ed!
I have to admit though I did not possess the same knowledge I have today (at least for elections Clinton was in for sure) when I cast those votes...
rsp,
Wow. The hate mail's pouring in.
Trixie @HaikuCharlatan
@rgeOps You and the rest of the toads at MNE are such cowards @Womenspeakup @_Hank_Rearden_ @GermanShepher10 @GeorgiaWowie @JElsdonLarson
(some other tweets threw around the f-bomb)
There are so many angry - poorly informed - partisans, on all sides.
Too much of our electorate too often seems like a mob on the verge of turning ugly.
How did frozen fiat turn into a gender & political cause?
If we're not unconditionally with the NeoLibs, we're against them?
What about setting our sights higher than anything currently visible?
meanwhile, TPP organizers are moving secretive "final round" talks from Vancouver, BC to Ottawa, ON -- a five hour flight away -- right at the last minute.
https://action.sumofus.org/a/tpp-ottawa-donate/
(trying to throw off protesters? heck, maybe the real negotiations will proceed on a warship somewhere in the Pacific? Or have already occurred, & are just waiting to be spun?)
curious this isn't getting as much press as the currently arranged Dem/GOP squabbles;
perhaps funders of both parties are in collusion?
ironic that Obama's legacy might be the TPP, which might rival Clinton's repeal of Glass_Steagall
"@Womenspeakup"
Ha Roger the females are MIA in all of this and at best mailing it in ... so I dont know who she is talking about with this "speakup" handle... (some FEW exceptions as always...)
Seems like they have punted this over to the males to try to figure out... (and we are not doing a good job of it...)
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