Also services are theoretically infinite; goods I personally consider more debatable. If money were infinite, I expect we'd have zero use for the M1 or M2.
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Yes it can and they do. Modern money is not real, and the money earned on interest will allay any worries of insolvency. Banks have to lend money to make moneyjesus christ, man....pull your head out of your ass
did you even read what he said?
a bank cannot loan an infinite amount of money
And on the Government to chuck that ass in the slammer and slammer some chuck in that ass if EVERYONE doesn't come correct with a properly assessed value, emphasis on the ass.On top of that EVERYONE "estimates value" ("lies" if it's in Trump or another enemy's case) and the onus lies on the banks to prove that value.
no they can't and no they don'tYes it can and they do. Modern money is not real, and the money earned on interest will allay any worries of insolvency. Banks have to lend money to make money
If they get in trouble, as they did in 2008, you and I as taxpayers will just bail them out
On top of that EVERYONE "estimates value" ("lies" if it's in Trump or another enemy's case) and the onus lies on the banks to prove that value.
100% wrong on both accountsAnd on the Government to chuck that ass in the slammer and slammer some chuck in that ass if EVERYONE doesn't come correct with a properly assessed value, emphasis on the ass.
Reminder America wasn't jack sh!t until the 16th Amendment passed. Reminder Woodrow Wilson was a straight boss.
100% correct on both accounts. Taxation isn't theft but skirting taxation is.100% wrong on both accounts
We don't want the government determining value on anything
And America has been on a steady downhill slide since the Wilson administration. The heights we achieved in the middle of the 20th Century were due to the foundation that was made pre-Wilson
The heights we achieved in the middle of the 20th Century was due to financing both world wars and being the last man standing with industry unscathed in 1945. It pays to own your own continent separated by oceans from Eurasia100% correct on both accounts. Taxation isn't theft but skirting taxation is.
America was on a steady uphill until the Nixon/Carter/Reagan arc. The heights we achieved in the middle of the 20th Century were due to the Progressives and the New Deal and the primary Republican contribution was baiting some Democrats into starting a war. In Charleston.
I think you mean Smoot-Hawley extended the Depression.The heights we achieved in the middle of the 20th Century was due to financing both world wars and being the last man standing with industry unscathed in 1945. It pays to own your own continent separated by oceans from Eurasia
The New Deal extended the Depression until Roosevelt could let an attack from Japan happen to get is fully involved in WWII