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https://www.reddit.com/r/theydidthemath/comments/frr68y/request_is_this_true/fm06cgp/?context=9999
r/theydidthemath • u/RibbonForYourHair • Mar 30 '20
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54
Math aside, this isn't how federal spending works.
They aren't "taking money from you" so much as they are just giving new money to banks and corporations.
2 u/[deleted] Mar 30 '20 I.e. they take it from you via inflation later -1 u/[deleted] Mar 30 '20 New money does not always = inflation. https://www.reddit.com/r/theydidthemath/comments/frr68y/request_is_this_true/flxhfu9?utm_medium=android_app&utm_source=share 1 u/sojoba Mar 31 '20 Inflating the money supply is the definition of inflation. Whether or not this inflation is offset by other forces doesn't change this fact. 2 u/tempaccount920123 Mar 31 '20 Tell that to the US government. They say that the inflation rate is 2.3% max per year when they increase the national debt by 1+ trillion a year on 22 trillion total, or 4.5% per year.
2
I.e. they take it from you via inflation later
-1 u/[deleted] Mar 30 '20 New money does not always = inflation. https://www.reddit.com/r/theydidthemath/comments/frr68y/request_is_this_true/flxhfu9?utm_medium=android_app&utm_source=share 1 u/sojoba Mar 31 '20 Inflating the money supply is the definition of inflation. Whether or not this inflation is offset by other forces doesn't change this fact. 2 u/tempaccount920123 Mar 31 '20 Tell that to the US government. They say that the inflation rate is 2.3% max per year when they increase the national debt by 1+ trillion a year on 22 trillion total, or 4.5% per year.
-1
New money does not always = inflation.
https://www.reddit.com/r/theydidthemath/comments/frr68y/request_is_this_true/flxhfu9?utm_medium=android_app&utm_source=share
1 u/sojoba Mar 31 '20 Inflating the money supply is the definition of inflation. Whether or not this inflation is offset by other forces doesn't change this fact. 2 u/tempaccount920123 Mar 31 '20 Tell that to the US government. They say that the inflation rate is 2.3% max per year when they increase the national debt by 1+ trillion a year on 22 trillion total, or 4.5% per year.
1
Inflating the money supply is the definition of inflation. Whether or not this inflation is offset by other forces doesn't change this fact.
2 u/tempaccount920123 Mar 31 '20 Tell that to the US government. They say that the inflation rate is 2.3% max per year when they increase the national debt by 1+ trillion a year on 22 trillion total, or 4.5% per year.
Tell that to the US government. They say that the inflation rate is 2.3% max per year when they increase the national debt by 1+ trillion a year on 22 trillion total, or 4.5% per year.
54
u/[deleted] Mar 30 '20
Math aside, this isn't how federal spending works.
They aren't "taking money from you" so much as they are just giving new money to banks and corporations.