Аaaaa, так вот кто развaлил Францию!

"An increasingly vocal body of opinion says it doesn't matter how much debt the U.S. accumulates, provided it is all denominated in U.S. dollars. Welcome to the wonderful world of Modern Monetary Theory (MMT), a utopia where the proverbial money-trees are abundant. With its origins in the writings of Knapp's "State Theory of Money," also known as Chartalism (beware anything with an -ism), the crux of MMT is that a state cannot default on its debt when that debt is issued in its own fiat currency and, therefore, budget deficits do not matter. It is technically correct to say that a country need not default on its own fiat-currency debt; it can just keep printing more money to pay for it. THat is, however the definition of monetary inflation, which can lead to various outcomes, perhaps to hyperinflation but eventually to currency destruction, a form of deflation. John Law tried this out in the early 1700s in France. That experiment led to the bankruptcy of France and eventually to the French Revolution."

(The Lunatics Has Taken Over The Asylum, by Murray Gunn, EWI, 2019)

Пеарю

Кто еще не подсел на leo-sosnine, рискните здоровьем!

Вот, например, из недавнего:



Кому еще нет 51, могут увеличить свой high school GI, если к 51 уменьшат вес или увеличат рост.

Скажете, невозможно? Еще как возможно!

Всего 25, хи-хи?

"Facial Recognition Software Mistook 25% of California Legislаtors for Criminаls"