Delicious Terrine

I like how when we're trying to get #Medicare for all and student #debt relief there's all this handwringing about "who's going to pay for it" and "it's not fair to those who made sacrifices" but when a bank fails...

"Actually, all that money was fake. We just need to adjust this ledger with a few numbers and boom! It's like it never happened! Carry on, citizen!"

Mar 13, 2023 at 3:39pmWeb
Show threadDelicious TerrineMar 13, 2023
The lost deposits will be made available "not with tax payer dollars" mind you! But by a special assessment on banks. How do banks get money? The government creates it for them. So the government is going to take back some of the money that they gave the banks. Good deal!
Show threadDelicious TerrineMar 13, 2023
Not taxpayer funds, of course! Anyone who thinks mmt is a crackpot theory really needs to think long and hard about this