bilbobaggins2.bsky.social
@bilbobaggins2.bsky.social
@mcuban.bsky.social take a look at Paul Krugman’s discussion Saturday with Hélène Rey. They talk about the dollar’s ‘extraordinary privilege.’ Pretty much an artifact of Bretton Woods and the dollar’s role in international currency exchange.
That’s not how economics work. The country has to pay its debts, or people stop lending money to the treasury. If they stop lending us money, the economy collapses.
But if instead of being used solely to pay interest on the national debt your obscene wealth was invested in infrastructure, education and otherwise redistributed to the public as a whole the amount of economic activity it would generate would massively benefit everyone.
August 11, 2025 at 2:13 AM
@justin-ng.bsky.social finally got my Larry stuffy. Thanks!
March 22, 2025 at 7:23 PM
Political Blue Sky better not displace cat Blue Sky like political X displaced cat Twitter.
November 16, 2024 at 1:42 AM