Official 2020 US Election: Democratic Party Discussion

[CuCabeludo]

Bofferbrauer2 said:

CuCabeludo said:

I wish americans give a chance to a libertarian, anti-war, pro small government candidate. This bi-partisan concoction of warmongers in DC for decades just made the US debt soar to the current 22+ trillion dollars, anual deficts of 1 billion+ a year.

But as it will never happen, I pray that in next presidential election a crazy MMTer democrat wins(MMT is very popular among dems today). It will sure be the end of the dollar as reserve currency, with hyperinflated dollars, US will no longer be able to sustain its hundreds of overseas military bases, and will have to finally live by their means.

Well, quite a few candidates, like Gabbard, Warren and Sanders, want to reduce both the military expenses and the interventions, so at least that part could come to happen.

What do you mean with MMT? Modern Monetary Theory?

Yes, and there is nothing modern in it. Roman Empire applied it in order to pay for its huge expenses. But instead of turning on a printer press and print paper-fiat money in order to fund its deficts, they decreased the quantity of gold in its coins.

So Roman coins went from 95%+ gold to less than 5% gold prior to its colapse, hyperinflation took over the country, the result was its impending death.

If MMTers think USA is different from the Roman Empire, and just print dollars to pay all its liabilities instead of borrowing money from the market. Good look, dollar will be worhless in our lifetimes.