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Sovcit is sooooo close.. (lemmy.world)

submitted 3 months ago by [email protected] to c/[email protected]

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[–] [email protected] 1 points 3 months ago (2 children)

“printing more money” however, this has the potential to cause rapid inflation.

That only happens if you put all that money into circulation - if you were to, say, just give it away as a handout to the military or Israel... no inflation. Which is... exactly how they give handouts to the military and Israel.

To think... they could just as easily spend that thumb-suck money on healthcare - but that won't murder brown people, so they don't do it.

[–] [email protected] 12 points 3 months ago (1 children)

That only happens if you put all that money into circulation - if you were to, say, just give it away as a handout to the military

How do you give a handout to the "military" without putting that money into circulation?

[–] [email protected] -1 points 3 months ago (1 children)

How do you give a handout to the “military” without putting that money into circulation?

That's the beauty of "trickle-down" economics - it doesn't. Give it to the military and the parts of it that doesn't get hoarded by MIC billionaires gets spent on things such as R&D and asset/infrastructure development and maintenance - there's not a lot of that money "trickling" down and circulating amongst the general population.

If you were to spend it on health infrastructure and development, the money will still not be "trickling" down - but the benefits will. A bunch of F-35s means next-to-zero benefits for people - but a functional hospital does.

[–] [email protected] 3 points 3 months ago

Even so bud, every cent used in R&D is already in circulation

Even the hoarded money, it's not in an evil lair, it's in some bank, in circulation, making money for the hoarder.

It may have a slightly less inflationary effect but this money is as much in circulation as the single going into a strippers thong

[–] [email protected] 11 points 3 months ago* (last edited 3 months ago)

Since the USD is considered the world reserve currency, the government is capable of doing wacky shenanigans like that. Inflation, so long as the American people are insulated from it, could theoretically be used as a way to extract wealth from other nations. It wouldn't surprise me to learn that they're actually already doing exactly that.