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Comments (30)
Germany being responsible
The x axis almost killed me
The UK is destroying its concept of nationhood – it might as well detroy the concept of its national currency too, right? fast-track the BTC adoption
Sweet sweet post-Brexit debt bull-run
The UK just needs to devalue the Pound by 75% and they are back to normal.
Looks like only Germany is playing a fair game
Now do Sweden. Do Sweden!
REKKTT 🤣🤣🤣
The UK is so fucked!
This isn’t Keynesian economics. This is stealing wealth from future generations. Keynesianism at least proposes tapering after the influx was implemented.
This is a total shit show of a graph. Wow.
If you turn it 90° clockwise, everything is fine if not deflationary…
So, is it Italy in a healthier debt position than UK? I have always thought we were close to death
Printing incoming!
Keynes said we should save when times are good. We’ve never done that as far as I’m aware.
[“Turns out our economy is a large FTX”](https://www.youtube.com/watch?v=g_eIkVxo2uc) TIP_NZ
Spanish here, proud of leading the way to self-destruction 🤦♂️
not sure how you use 2000 are a reference point when Bitcoin wasn’t here until 2008
Brought to us by the same nincompoops who taught/teach “trickle down” bullshit.
But you can devalue fiat so you have less debt…..
Tick tock.
It may be worth considering that for most of empirical history empires last on average 250 years.
How old is the US you ask..
Well.. 246 years old
https://historycooperative.org/how-old-is-the-united-states-of-america/
Show GDP and debt as % of GDP instead, please. Preferably inflation adjusted.
National debt doesn’t exist. It’s already paid for the moment it’s created by devaluation of the fiat currency it’s based in. It’s completely meaningless.
Yeah, nothing says Keynesianism like 2010-present UK /s
Anyone see a correlation between when the U.K. started allowing mass, uncontrolled immigration and massively increased public spending? I’ll wait while you catch up…
You are right, but it works , Look even in Coutrys wird 80% Inflation. There is a normal live in Argeninia, people lern to Deal with it. Ofcors it could be bether, but People need more to change there mind as Inflation.
I don’t know how many fucking times I have had to say this, but slow controllable inflation and debt gluts is more of a monetarist policy, not Keynesian.
This is the fault of people like Milton Friedman…not Maynard Keynes. So Fed rates, all levers to control inflation to a small tenable amount, etc stems from monetarist thought that added onto Keynes original thoughts, creating a bastardization of the demand driven model of money which Keynes work was about. Keynes literally argued that government should only run deficits during recessions and increase taxes and reduce debts during booms…which is the opposite of what most governments have done.
The amount of bitcoiners who look like they have read a combined 2 pages worth of information on economics total in their entire lives is the literal reason people think bitcoin is a scam; if you can’t even get the basics right, how can you expect others to trust you when it comes to more abstract concepts?
Now show Eurozone.
Kinda funny how our currency has remain stronger this whole time. Probably not forever but still funny to witness it. As I speak one usd will get you 1.06 of a euro. What has to happen for the world to adopt bitcoin? In many ways it’s already happening. The United States own 216,000 bitcoin. Our big companies own bitcoin. Think of square micros strategy Tesla etc. China own about 180,000 bitcoin. What are we doing
According lines, the best is spain ;) to the moon….