return2ozma@lemmy.world to Ask Lemmy@lemmy.world · 1 day agoWhy do Americans pretend they're not broke when most Americans are in debt?message-squaremessage-square155fedilinkarrow-up1365arrow-down123
arrow-up1342arrow-down1message-squareWhy do Americans pretend they're not broke when most Americans are in debt?return2ozma@lemmy.world to Ask Lemmy@lemmy.world · 1 day agomessage-square155fedilink
minus-squareHugeNerd@lemmy.calinkfedilinkarrow-up8arrow-down1·9 hours agoThat’s called Modern Monetary Theory. It’s a fun game until the underlying physics of our little civilizational project fails, that is to say the energy return on pumping oil out of the ground.
That’s called Modern Monetary Theory. It’s a fun game until the underlying physics of our little civilizational project fails, that is to say the energy return on pumping oil out of the ground.