Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
This is a friendly reminder that billionaires are marbled like Wagyu.
Check the liver first. If it looks weird in any way leave it for the vultures.
They are planning to dismantle the entire country and sell it for scrap
You don't want a government in direct control of the money supply. There is a very high negative correlation between central bank independence and inflation. Countries without independent central banks have much higher inflation. In conclusion, Lee is a fucking idiot.
Everything you said is shit that book readers say . In the Trump government there won't be any room for that nerd shit and anyone who suggests anything that resembles "learning" will be wedgied by the secret service before being thrown out.
At the end of the day the central bank is always dependent on the government. Sometimes at an arms length, other times at a finger length. The government controls the length and gives the authority to issue currency and provides the enforcement needed to ensure it's one of the few issuers. So it might be more about government competency and its checks and balances.
Elon also is heading the Department of Government Efficiency (DOGE)... I bet they will substitute crypto for cash and pump/dump the nation. Honest opinion? Buy doge coin and bitcoin because inflation will skyrocket if Trump gets to print dollars and slap 100% tarrifs on food and Chinese imports (aka all products you buy). People will park their money in transient currencies and hard assets like houses and watch trump lower interest rates to refinance his real estate and his buddies too. Refinance your home, borrow cash and buy crypto, ride that wave before it burns down.
Crypto is for fools.
Yep, it is a cryptographic tool that has lead to a comodities market that, while large enough to sustain itself for now, is mathamaticly a ponzi scheme. Someone will be left holding the bag, if you have friends invested heavily in crypto, make sure they have an off-ramp.
Seriously. There are far better inflation hedges. There's inflation-indexed treasury bonds, land, bonds, stocks, gold, etc.
I heard Donald Tapped Him and Vivek ramaswamy for that, now I get what Donny gets out of this.
If they put money supply firmly under the government's direction, that would eliminate the "technically" argument against MMT that the Fed is independent. Which of course it practically isn't and these fuckers are going to prove it. If we ever get a worker-friendly government again, they'll be able to reuse this to pursue a job guarantee program.