DrALJONES<p>2. </p><p>Re the debate: "Should the U.S. federal government make reducing the national debt a fiscal priority?"</p><p>Today's fed "debt" is entirely different from household debt. Fed "debt" isn't borrowed, so isn't repayable.</p><p>The US tried paying down the so-called"debt" seven times in its entire history.</p><p>The first 6 times resulted in a depression (first image)</p><p>The seventh time (Clinton) resulted in a recession (2nd image)</p><p><a href="https://mastodon.social/tags/mmt" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>mmt</span></a> <a href="https://mastodon.social/tags/uspol" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>uspol</span></a> <a href="https://mastodon.social/tags/useconomics" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>useconomics</span></a> <a href="https://mastodon.social/tags/debt" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>debt</span></a>&deficit <a href="https://mastodon.social/tags/ukpol" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>ukpol</span></a> <a href="https://mastodon.social/tags/auspol" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>auspol</span></a> .</p>
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#useconomics
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DrALJONES<p>A revolution that doesn't know how govt money works? Pls help to spread this info:</p><p>An intellectual demolition of Steve Moore, economic mouthpiece for Trump, Musk, & Heritage Foundation:</p><p>Debate: "Should the U.S. federal government make reducing the national debt a fiscal priority?"</p><p>Steve Moore argues the affirmative case.</p><p>Arguing the negative is Stephanie Kelton</p><p>Debate starts 30.45 min in:</p><p><a href="https://www.youtube.com/watch?v=eyDVycbRGp0" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="">youtube.com/watch?v=eyDVycbRGp0</span><span class="invisible"></span></a> </p><p><a href="https://mastodon.social/tags/mmt" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>mmt</span></a> <a href="https://mastodon.social/tags/uspol" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>uspol</span></a> <a href="https://mastodon.social/tags/debt" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>debt</span></a>&deficit <a href="https://mastodon.social/tags/stephaniekelton" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>stephaniekelton</span></a> <a href="https://mastodon.social/tags/useconomics" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>useconomics</span></a> <a href="https://mastodon.social/tags/ukpol" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>ukpol</span></a> <a href="https://mastodon.social/tags/auspol" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>auspol</span></a> .</p><p>2</p>
Kathy E. Gill 🇺🇦<p>“In the 10 years after a Walmart Supercenter opened in a given community, the average household in that community experienced a 6 percent decline in yearly income—equivalent to about $5,000 a year in 2024 dollars—compared with households that didn’t have a Walmart open near them.”</p><p>New research examines more than “low prices” to gauge community health. </p><p>Walmart hurts the communities it assimilates. </p><p><a href="https://mastodon.social/tags/USeconomics" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>USeconomics</span></a><br><a href="https://mastodon.social/tags/USpolitics" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>USpolitics</span></a> <br><a href="https://mastodon.social/tags/monopolies" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>monopolies</span></a> <br><a href="https://mastodon.social/tags/giftLink" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>giftLink</span></a></p><p><a href="https://www.theatlantic.com/ideas/archive/2024/12/walmart-prices-poverty-economy/681122/?gift=V2Xz1LHbTiPfZ3uourZyW7REJcSz6uA6UdEv69aOVug&utm_source=copy-link&utm_medium=social&utm_campaign=share" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">theatlantic.com/ideas/archive/</span><span class="invisible">2024/12/walmart-prices-poverty-economy/681122/?gift=V2Xz1LHbTiPfZ3uourZyW7REJcSz6uA6UdEv69aOVug&utm_source=copy-link&utm_medium=social&utm_campaign=share</span></a></p>
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