this post was submitted on 11 May 2024
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Ah yeah, that's how Zimbabwe did it, too! 💡
Zimbabwe is not sovereign monetarily. The US is the most monetarily sovereign country in the world. They can literally print trillions and it doesn’t do anything to inflation. It has happened multiple times already!! Like why would people deny reality?
Because its not a solution, it just makes the problem worse. It'll just create even more money under 100 people can gobble up.
The money exists! It needs to be liberated from wasteful uses such as arms, billionaires or shareholders. We can also print more money, sure, but without first fixing the underlying spending/allocation/hoarding issue, we'd only be feeding the dragon.