Recently, the Green Party of Tennessee posted this and also the first reply (timestamped 12:38 PM) to a comment by Sylvia Saadati on that post. My message below is a critical reply to the main text of this comment, excluding the final portion about AMI. It breaks that paragraph up into its component statements for purposes of a more systematic critique. My conclusion is: whether private or public, neither a Fed bank, nor the Fed’s Board of Governors, can deny the sovereign will of Congress as it is being implemented by the Treasury. It must create the necessary reserves in the Treasury spending account, whenever Congress mandates spending requiring those reserves, and Treasury pushes the right buttons to force the Fed to create them in its spending account.
Judging by the humiliating defeat of Trumpcare today, I don’t believe Republicans really thought they’d have the chance to repeal Obamacare. Conservative lawmakers, mostly elected on the premise of repealing the ACA, have had years to draft and perfect a plan to save our healthcare system, making them the heroes they pretended to be.
To all those elderly who worked hard to make a decent life for themselves and their families, many of who served our country to protect the freedoms we (at least for the time being) enjoy, the Trump administration wants to thank them for all their contributions to society by ensuring they have as short a life as possible.
By now, it should be clear that neither the Republicans nor the Democrats care at all about you. The GOP (Greedy Old Party) has always been known to be the enemy of the regular Joe, but we had been deluded into thinking the Democrats were the Party of the People. Wrong. If you are not among the super-wealthy, they want to kill you too.
What if I told you that everything we have been taught about US economics is wrong? Before your eyes start to glaze over in anticipation of boring economic jargon, let me acquaint you with 5 simple facts that might just wake you up.
Many Americans have been indoctrinated by MSM to believe that having the rich pay their fair share of taxes wouldn't change anything. Little do they know that low top marginal tax rate are directly correlated with high-income inequality because the savings enables the wealthy to accumulate more wealth.
Let's get down to business and understand some practical economics, and why its time for you to stop allowing yourself to get sidetracked with old thinking. Sources (as always): Can we print our way out of 'debt' http://www.bloomberg.com/news/videos/... Monetary Sovereignty: the foundation of economics https://mythfighter.com/2010/08/13/mo... 7 Deadly Innocent Frauds http://moslereconomics.com/wp-content... Money Growth Does Not Cause Inflation http://www.forbes.com/sites/johntharv... Taxes for revenue are obsolete http://neweconomicperspectives.org/20... Tax payers don’t fund anything http://bilbo.economicoutlook.net/blog... What taxes are for? http://neweconomicperspectives.org/20...
The term ‘innocent fraud’ was introduced by Professor John Kenneth Galbraith in ‘The Economics of Innocent Fraud’, which was the last book he wrote before he died. He used the term to describe fraudulent concepts that were being sustained by the ‘conventional wisdom’ (a term he created in a previous book). The presumption of innocence by those perpetrating the frauds is characteristic of Professor Galbraith’s cynically gracious approach.
Bbbbbut Bernie is $17 trillion short on his healthcare plan... relax Francis... Funding The Revolution: Trying to make econ fun to learn