all 12 comments

[–]Wrangel 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (2 children)

Clearly the value of assets will never go down. The economy crashed last year and the stocks, housing and every other asset class went up. The central banks will print enough money to keep the market climbing. Get your hands on assets and be prepared for inflation.

[–]casparvoneverecBig tiddy respecter[S] 4 insightful - 1 fun4 insightful - 0 fun5 insightful - 1 fun -  (1 child)

Yeah, the best bet is to buy physical assets like land, houses or metals. Unlike cash or crypto, these things always have values and have real utility other than trading.

[–][deleted] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (9 children)

Is this a dig at Mike Enoch?

[–]casparvoneverecBig tiddy respecter[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (8 children)

No, why? What did Enoch say?

[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (7 children)

He's always shilling MMT.

[–]casparvoneverecBig tiddy respecter[S] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (5 children)

TRS is a working class outfit. They're not the most educated when it comes to technical fields like economics, military or scientific. They are very good when it comes to politics, lobbying and activism though

[–]EthnocratArcheofuturist 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (4 children)

Please just stop with this libertarian nonsense. MMT is a fact. It's how the economy actually works.

[–]casparvoneverecBig tiddy respecter[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (3 children)

Explain how the fed pumping trillions of newly made dollars into the stock market grows the economy

[–]EthnocratArcheofuturist 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (2 children)

How is that not a straw man?

[–]casparvoneverecBig tiddy respecter[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

Its not a straw man. its a fair question. This is what the federal reserve is doing. It exclusively privileges the wealthy who get the first bite of the new money before it can cause inflation in the market. If money printing magic was all that it took, then every country ranging from Russia, China, India would do it. No country would borrow money at all.

Japan has been doing this money printing for the last 30 years and its economy and society are near death from unemployment and low growth.

[–]EthnocratArcheofuturist 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

But MMT isn't in support of "printing" trillions in order to prop up the financial sector.

[–]TheWorldToCome 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

It's always cringe when he does this, he claims he used to be into Austrian Economics and now has basically done a completely 180 and says it's all BS. Makes it hard to believe he ever actually understood it in the first place. He claims the government can just print up money to pay for everything and nothing bad happens. Inflation happens, and you can see it happen everywhere. Imagine if we had stable currencies, prices for all good would overall go down and societal wealth would increase because of it