Posts
YSK how money is created
cross-posted from: https://lemmy.world/post/50413218
YSK this because the high amount of public debt, which has been getting a lot of attention in the US, is actually by design.
In our double-entry bookkeeping system, money is created via bank lending and government spending, adding to the economy, and is destroyed via loan repayments and taxes, subtracting from the economy.
Central banks create a wealth pump mechanism into assets through money printing, which erodes consumer purchasing power, driven by deficit spending, which creates money for the private sector.
Profits are privatized; losses are socialized.
YSK how money is created
YSK this because the high amount of public debt, which has been getting a lot of attention in the US, is actually by design.
In our double-entry bookkeeping system, money is created via bank lending and government spending, adding to the economy, and is destroyed via loan repayments and taxes, subtracting from the economy.
Central banks create a wealth pump mechanism into assets through money printing, which erodes consumer purchasing power, driven by deficit spending, which creates money for the private sector.
Profits are privatized; losses are socialized.
Mod(s)?
In recent weeks I have moved on to other things and don't see myself using Lemmy as much in the future, at least not in the same capacity.
I'd like for this community to continue so I can leave things as is, but given my lack of involvement going forward, I think it would be better to appoint a new mod(s) and probably transfer ownership to one of them as well.
Thank you for allowing me to contribute. I got really into it! I'd be happy to share the resources and information I was accessing and using for posts.
All the best.
Mod(s)?
In recent weeks I have moved on to other things and don't see myself using Lemmy as much in the future, at least not in the same capacity.
I'd like for this community to continue so I can leave things as is, but given my lack of involvement going forward, I think it would be better to appoint a new mod(s) and probably transfer ownership to one of them as well.
Thank you for allowing me to contribute. I got really into it! I'd be happy to share the resources and information I was accessing and using for posts.
All the best.
Mod(s)?
In recent weeks I have moved on to other things and don't see myself using Lemmy as much in the future, at least not in the same capacity.
I'd like for this community to continue so I can leave things as is, but given my lack of involvement going forward, I think it would be better to appoint a new mod(s) and probably transfer ownership to one of them as well.
Thank you for allowing me to contribute. I got really into it! I'd be happy to share the resources and information I was accessing and using for posts.
All the best.
Mod(s)?
In recent weeks I have moved on to other things and don't see myself using Lemmy as much in the future, at least not in the same capacity.
I'd like for this community to continue so I can leave things as is, but given my lack of involvement going forward, I think it would be better to appoint a new mod(s) and probably transfer ownership to one of them as well.
Thank you for allowing me to contribute. I got really into it! I'd be happy to share the resources and information I was accessing and using for posts.
All the best.
Mod(s)?
In recent weeks I have moved on to other things and don't see myself using Lemmy as much in the future, at least not in the same capacity.
I'd like for this community to continue so I can leave things as is, but given my lack of involvement going forward, I think it would be better to appoint a new mod(s) and probably transfer ownership to one of them as well.
Thank you for allowing me to contribute. I got really into it! I'd be happy to share the resources and information I was accessing and using for posts.
All the best.
Looking for Mod
Looks like the former mod of Linguistics made me mod even though I said no. I value this nature and science server so I'm looking for someone serious to take over.