thedeadwalking4242 comments on Mamdani balanced the NYC budget

[–] thedeadwalking4242@lemmy.world 1 point 5 months ago (3 children)

The ability to create infinate money IS the problem. Also I said "The system as is" there is no contradiction in my statement.

It shouldn't be that way.

I did argue from knowledge I know exactly that idea your stating. It's a artifact of our current debt = new money system.

Also why are you so aggressive? Are you ok???

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[+] Riverside@reddthat.com 1 point 5 months ago (2 children)

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[–] thedeadwalking4242@lemmy.world 1 point 5 months ago (1 child)

You haven't said anything empirically you've just stated your case as fact ( just as I have but at least I'm not pretending to have presented it hard cold logic instead )

Anyway, the problem is being able to make the money. Your right at some point having to much money is good and sometimes having too much money is bad if your trying to manually control the economy . But doing that at all can be bad. It gives a few an immense power over the many. It's best to limit it entirely rather then leave anyone's thumbs on the scale.

Youre entirely right that it will have adverse consequences at times, but that's kinda the point. You make a healthy economy by having healthy economic trade.