Do We Need to Re-Educate Our Legislators on "What MONEY Is"?
@mythociate (21437)
Oklahoma City, Oklahoma
September 18, 2021 7:55pm CST
I was watching last week's MEET THE PRESS, where Chuck Todd had Senator Manchin (and yes, it's spelled "MAN-CHIN" 
) on there talking about 'the amount of money an upcoming bill was going to "cost"' ...
... es-SQUEEZE ME?? a-baking POWDER?
What do they think HAPPENS to money they spend on American labor or 'whatever else "infrastructure"-money goes to'? Do they think the workers & businessmen take it to the bank and cash it & throw all the money into a dumpster-fire?
Because THAT'S NOT WHAT HAPPENS. No matter how much money Pelosi and Man-Chin and everybody send to the businesses & workers, IT ALL ENRICHES AMERICAN ECONOMY!
Because money (put on your 'Economics 101'-caps, kids) is an extension of The Barter System---most people give 'their time' to their employer, in exchange for 'an agreed-upon amount of currency'; they then take the currency, and trade it to employees elsewhere for the products-&-services they spend their time providing; then they take the currency their employer gives them, and spend it on the same, etc.-etc.
Why do our legislators not understand that?
) on there talking about 'the amount of money an upcoming bill was going to "cost"' ...
... es-SQUEEZE ME?? a-baking POWDER?
What do they think HAPPENS to money they spend on American labor or 'whatever else "infrastructure"-money goes to'? Do they think the workers & businessmen take it to the bank and cash it & throw all the money into a dumpster-fire?
Because THAT'S NOT WHAT HAPPENS. No matter how much money Pelosi and Man-Chin and everybody send to the businesses & workers, IT ALL ENRICHES AMERICAN ECONOMY!
Because money (put on your 'Economics 101'-caps, kids) is an extension of The Barter System---most people give 'their time' to their employer, in exchange for 'an agreed-upon amount of currency'; they then take the currency, and trade it to employees elsewhere for the products-&-services they spend their time providing; then they take the currency their employer gives them, and spend it on the same, etc.-etc.
Why do our legislators not understand that?1 person likes this
1 response
@mythociate (21437)
• Oklahoma City, Oklahoma
23 Sep 21
Although I DID hear them say something about how 'excessive spending' can drive up inflation.
