Viewing profile — fbonetti

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That's hilariously accurate.

You’ve got it backwards when it comes to residential real estate. More people become renters during a recession. Vacancies reduced dramatically after 2008. https://fred.stlouisfed.…

You also seem to be arguing that centrals banks don't create new money, which is an odd assertion, especially for a proponent of MMT. From the article you posted: > "QE involves a …

> My question is: if a government deficit is adding money to the economy, what a government surplus is doing? That's the meaning of "taxes destroy money". It's rare for the federal…

> But if there's a fall in aggregate demand at a given price level, there are _fewer_ dollars chasing the same number of goods for a period of time. So if government spending is gr…

> So, what you are saying is that government deficits are inflationary because they add money to the economy, but, on the other hand, government surplus don't retire money from the…

> A good aspect of MMT is that it explains how the Treasury spending more than it takes in in taxes means more money is created into the economy than is deleted out of the economy.…

Buy the stuff the Fed is propping up - stocks and real estate.

Adults are capable of deciding risk/reward factors when selecting a job. There are many jobs that are well known for being grueling, and yet people still sign up to take those jobs…

The thrust of ABC is that artificially cheap credit, induced by the central bank, causes malinvestment. Interest rates are signals of risk. When you artificially lower interest rat…

The Fed artificially lowered the interbank rate to zero percent for ~7 years after 2008, bought other treasuries across the yield curve, and bought trillions in mortgage backed sec…

If you aren't happy with Amazon, Facebook, Google, Apple, etc, you can choose not to be a customer of them. You can't opt out of paying taxes.

You can have these services without sacrificing privacy, but you have to pay a monthly subscription fee. Here's one example: https://mewe.com/

> people simply value the utility they gain out of these tools higher than privacy. Exactly. I bet if Facebook offered a paid, ad-free version of their service, 99.9% of people wou…

Don't use Elm at your startup. It's been dead for a long time. Pick something that has a huge community behind it, like React.

I think people have already taken the good parts of Elm and implemented those ideas in other frameworks. Redux was inspired by the Elm, for example. I personally like using React, …

Thanks, I'll take a look at this paper.

I don't disagree with you that the government is unconstrained in regards to how much it can spend. The government doesn't need to tax or sell bonds at all. It can just print money…

> The effect of taxation is precisely the same as that of destroying money No it's not. The effect of taxation is the same as theft. The thief gains and the victim loses, but the o…

You're missing the point of the example. Substitute tomatoes with something with a long shelf life, like Spam. It doesn't matter. The point is that the people utilize leverage (loa…

> The purpose of taxation isn't to fund government operations, its to maintain demand for dollars. Yes, taxation is one of the ways to create demand for an otherwise worthless fiat…

> Money enters the economy via government spending. Money leaves the economy through taxation. Dollars enter the economy when the Federal Reserve creates reserves out of thin air a…

> tomorrow it can take $x out by levying a tax. Taxes don’t take dollars out of circulation. The government spends those tax dollars immediately after collecting them. The only way…

You’re only looking at one side of the equation. Assuming demand stays constant, if you reduce the number of tomatoes, their price will go up. Likewise if you increase the number o…