it can go ... USA Today.
Even with their lowest possible iq, hope some  Trumpanzees will understand its ramifications ... well, I would wonder they even know this ...

inflation will be a little higher than before, so those of us with money will take a little hit, but its still better than a collapse of the economy.  For self-employed guys like with no employees, like you, cutting lawns or cleaning pools, who live month to month on a meager income, it will be more of a burden as the few dollars you do have coming in start buying less and less as prices for everything increase across the board.  

I take it you didn't see the $3 TRILLION dollar additional relief bill on top of all the trillions spent so far revealed today by Nancy Pelosi.  

It basically states that a government can print as much money as it needs with the goal of reaching 100% employment.  The only control is inflation which can get out of hand very quickly.    The government is basically default proof because it can just print more money and then back it with selling bonds that are equally worthless.  It’s other selling point is that under MMT there should be no taxes.  

It is much better policy to keep reserves to minimize crisis money printing. Republican tax giveaways made this country more bankrupt than it needed to be! I thought being conservative meant reduce deficits ... what happened to that?  
Sorry ... expecting memory on you trumpanzees’ behalf is a tall order ...
The main point my post was what is NOT in the article? Do you guys even consider how damaging this is to US economy? Just think about when moody reduces the rating of USA, what avalanche it creates in terms others countries start taking their money out of us treasury? Trump fucking with China surely doesn’t help, even they might just start shedding some us treasuries ... you will see this market crash times over!! Trim and his republican spineless Lemmings are destroying this country in more than one ways.
I am going to stop here!!! Not everything is D or R, there is a bigger precious thing called USA and it deserves to be protected.

-- Modified on 5/12/2020 7:26:14 PM

Seriously though, your putting down little people that work hard to make an honest living is so void of human decency and gratitude especially given that you steal their tax dollars to line your own pocket and support your lifestyle! Calling you a scum insults a scum! But then again what else to expect from a social parasite that live on government handout!

For the record, China holds about $1.1 Trillion of our debt, less than 5% of the total. Our problem is not a "crashing" dollar or debt purchasers dumping the dollar. We are one of the few countries still offering any interest at all, The Europeans, among others are falling all over themselves to buy our paper which is why prices are rising and interest rates falling.  

issues.

Neither party has a monopoly on the rising deficit/national debt, not to mention under Obama we had ZERO interest rates for virtually his entire 8 years, not to mention multiple phases of quantitative easing, under Trump we had NINE interest rate hikes prior to the COVID crisis AND we had actual quantitative TIGHTENING, with the fed pulling on average $50 Billion a month out of the market once Trump got the economy humming once again. If Trump had gotten the same treatment from the Fed as Obama we would easily have had 6% growth and a Dow at 40,000 by the end of last year.

to understand a very complicated issue. There were two or three days yuan moved down a little- our market was sliding big time! Why? If it is so in the interest of China to keep Yuan pegged to USD at 7, why they are ‘punished’ by feds if it moves either way? Because US has much to lose within current trade situation! I am not even factoring tariffs and geopolitical take over. And this is only scratching the surface ...  

The way they pay for the tariffs is through "higher prices" agreed???

ALL the "little people", only you.  Most are the victims of lack of education, just like you.  If you had finished elementary school, you would know the difference between "your' and "you're", but it is what it is, right?  There's nothing wrong with mowing lawns and cleaning pools if that's the only work you're qualified for (you still haven't told of which of these is your profession).

trying to educate gentlegay.  He is a one-man business (I have asked whether its lawnmowing or poolboy, but only crickets so far), with no employees and a balance sheet and operating statement that fits on a postcard, so his frame of reference on how business and the economy works is elementary, at best.  

We had 8 plus years of both zero interest, increasing money supply, yet ironically ZERO wage gains for the average American.  Under Trump we had nine rate increases, even though you said I was insane, and pretty much an idiot for predicting them, we had the FED taking out of the system $50 Billion a month and yet both the stock market and the economy were humming right along.

Your starting premise is wrong. The China specific tariffs are paid at the border within 10 days of clearing customs by U.S. companies, or U S registered importers to the U.S. Customs and Border Protection Agency. Not China, not Chinese companies, and not the consumer at this point. Unless the Chinese exporter has agreed to lower prices, the US importer bears the total burden of the tariffs at this point.

These Trump clan is not interested in truths!!  
They pretend to be ... but has no clue.

1. 25% of the money you got can be spent on other than payroll  
2. The verbiage you actually signed doesn’t require you spend any of it on payroll.
3. I know there are biz owners highly solvent and they haven’t taken the money- true to their conservative principles. Unlike your business theirs are cash rich. They are being highly creative- I know one of them is issuing soft loans to his employees with zero interest instead of paycheck. His doesn’t expect to collect money back; he intends to take bad loan write off later if needed- some creative accounting I guess!

Also I am not interested in distractions that you’re trying to create such as Mexican military etc. I don’t give a shit.  
Unlike you I am not interested in winning or losing an argument.  
I have no messiah to defend.  
There were two guests on CNBC today one from Deutscha Bank and other one I forgot. They were making the point, which I wanted to engage in by my OP, how detrimental it is to the economy for feds to spend deficit money to prop up zombie companies!! One guy said, he doesn’t know anyone who is bullish on the market but market is going up!!! Why? Fed is buying and such interventions will ruin the stock market with bigger thud! And, that’s exactly I was thinking for last weeks. Oh now the king wants negative borrowing rate, another death nail! The same king, if you would remember, called Flynn, his security guy, at 2 am, to ask whether a weak or strong $ is good for the country ... it is so sad.

the average joe will see the inflation in a gallon of milk, how many bags of groceries they got for x dollars.  Obama admin used this during the recession and our economy would collapse today without Federal Reserve we would be in a 2nd Depression.  I don't want to stand in a soup line and food rationed.  I think I would rather us pay the piper later, inflation.

You may not like the payment to the piper later. Metaphorically, no soup kitchen at all!

for universal health care to pass.  I read an article on yahoo today, I'm lazy and won't go find it.  LOL  27 million are projected to lose health insurance.

cleaning pools.  Its cute how you spin that fact that you have a one-man-company (your term) with no employees to say you would never own a company with employees.  What a load of shit.  You would if you could.  So now you don't answer MY question, but yet you demand an answer to yours.  GFY.  You're just an empty speedo, poolboy.  Are restaurants zombie companies, too?  Many of those have taken PPP loans.  Are brick and mortar retailers zombie companies?  Many of them have taken PPP loans as well.  

You're one of the losers that doesn't make enough to pay for your own health care premiums.  Why am I not surprised you are FOR it?  You've just confirmed you are at the bottom of the economic ladder.  If you're over 30, you should tattoo "loser" on your forehead.  Actually, anyone who hears you speak will know it already.  

Go do some research if you can handle that.
Can you think of an organization of an one person business that amassed a fortune? There are many! Just think of one - you glorified boot licker!

I know gentleguy.  you are so far off base your post made me laugh out loud