Biden’s economy

Anonymous
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:Yep, everything is awesome and people are just too dumb to realize how great things are.


“ The typical American cannot afford to buy a home in a growing number of communities across the nation, according to common lending standards.

That's the main takeaway from a new report from real estate data provider ATTOM. Researchers examined the median home prices last year for roughly 575 U.S. counties and found that home prices in 99% of those areas are beyond the reach of the average income earner, who makes $71,214 a year, according to ATTOM.”

https://www.cbsnews.com/amp/news/homes-for-sale-affordable-housing-prices/

What’s the equivalent of let them eat cake for housing?


So you prefer lowered lending standards that cause market crashes?

You think the president sets lending rates?



The * President spends/gives away money for his ideological pet projects (climate change, subsidies to green energy, promising student loan forgiveness, American "Rescue" Plan to drop money from helicopters for votes, etc., etc.), and then the treasury creates money out of thin air and gives it to the federal reserve, thus lowering the value of the US dollar.

* Remember, this is the guy who wanted to spend $845 BILLION on his so called "Global Poverty Act" when he entered the White House as Vice President to Obama. So take $845 BILLION of U.S. tax payer money and helicopter it onto the world. For what? Does any other country in the world do this welfare mentality crap?


You understand, those spending bills have kept inflation in check right? Particularly as compared to the other industrialized countries. If they hadn't passed those bills, our economy would be in the dumpster right now.


Please explain the mechanics by which printing money out of thin air keeps inflation in check.

Currency is valued according to its rarity. The more you produce, the less value it has. That's just a fact. This is basic stuff.


Money isn’t printed out of thin air and most of it is invested in programs and policies that multiply benefits in the economy. Why do you clowns always think that defense spending and corporate subsidies create jobs and economic benefits but funds spent on healthcare, education, housing, infrastructure, etc. directly to local governments, hospitals and other medical providers, schools and colleges, institutions, nonprofits, contractors etc., are not as beneficial and in fact are much more efficient contributors to the economy?
Anonymous
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:Yep, everything is awesome and people are just too dumb to realize how great things are.


“ The typical American cannot afford to buy a home in a growing number of communities across the nation, according to common lending standards.

That's the main takeaway from a new report from real estate data provider ATTOM. Researchers examined the median home prices last year for roughly 575 U.S. counties and found that home prices in 99% of those areas are beyond the reach of the average income earner, who makes $71,214 a year, according to ATTOM.”

https://www.cbsnews.com/amp/news/homes-for-sale-affordable-housing-prices/

What’s the equivalent of let them eat cake for housing?


So you prefer lowered lending standards that cause market crashes?

You think the president sets lending rates?



The * President spends/gives away money for his ideological pet projects (climate change, subsidies to green energy, promising student loan forgiveness, American "Rescue" Plan to drop money from helicopters for votes, etc., etc.), and then the treasury creates money out of thin air and gives it to the federal reserve, thus lowering the value of the US dollar.

* Remember, this is the guy who wanted to spend $845 BILLION on his so called "Global Poverty Act" when he entered the White House as Vice President to Obama. So take $845 BILLION of U.S. tax payer money and helicopter it onto the world. For what? Does any other country in the world do this welfare mentality crap?


You understand, those spending bills have kept inflation in check right? Particularly as compared to the other industrialized countries. If they hadn't passed those bills, our economy would be in the dumpster right now.


Please explain the mechanics by which printing money out of thin air keeps inflation in check.

Currency is valued according to its rarity. The more you produce, the less value it has. That's just a fact. This is basic stuff.


Money isn’t printed out of thin air and most of it is invested in programs and policies that multiply benefits in the economy. Why do you clowns always think that defense spending and corporate subsidies create jobs and economic benefits but funds spent on healthcare, education, housing, infrastructure, etc. directly to local governments, hospitals and other medical providers, schools and colleges, institutions, nonprofits, contractors etc., are not as beneficial and in fact are much more efficient contributors to the economy?


It's not "invested". This is your ideology talking. It's spending money we don't have, so we're creating it out of thin air and devaluing the dollar in the process. Each dollar becomes worth less and therefore goods and services become more expensive.

Oh yeah, it's invested alright. Kamala just promised ANOTHER 3 Billion to countries around the world. We're going broke and the White House is throwing around money we don't have everyday for their pet projects.
Anonymous
3 Billion more for "climate change"
Anonymous
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:Yep, everything is awesome and people are just too dumb to realize how great things are.


“ The typical American cannot afford to buy a home in a growing number of communities across the nation, according to common lending standards.

That's the main takeaway from a new report from real estate data provider ATTOM. Researchers examined the median home prices last year for roughly 575 U.S. counties and found that home prices in 99% of those areas are beyond the reach of the average income earner, who makes $71,214 a year, according to ATTOM.”

https://www.cbsnews.com/amp/news/homes-for-sale-affordable-housing-prices/

What’s the equivalent of let them eat cake for housing?


So you prefer lowered lending standards that cause market crashes?

You think the president sets lending rates?



The * President spends/gives away money for his ideological pet projects (climate change, subsidies to green energy, promising student loan forgiveness, American "Rescue" Plan to drop money from helicopters for votes, etc., etc.), and then the treasury creates money out of thin air and gives it to the federal reserve, thus lowering the value of the US dollar.

* Remember, this is the guy who wanted to spend $845 BILLION on his so called "Global Poverty Act" when he entered the White House as Vice President to Obama. So take $845 BILLION of U.S. tax payer money and helicopter it onto the world. For what? Does any other country in the world do this welfare mentality crap?


You understand, those spending bills have kept inflation in check right? Particularly as compared to the other industrialized countries. If they hadn't passed those bills, our economy would be in the dumpster right now.


Please explain the mechanics by which printing money out of thin air keeps inflation in check.

Currency is valued according to its rarity. The more you produce, the less value it has. That's just a fact. This is basic stuff.


Money isn’t printed out of thin air and most of it is invested in programs and policies that multiply benefits in the economy. Why do you clowns always think that defense spending and corporate subsidies create jobs and economic benefits but funds spent on healthcare, education, housing, infrastructure, etc. directly to local governments, hospitals and other medical providers, schools and colleges, institutions, nonprofits, contractors etc., are not as beneficial and in fact are much more efficient contributors to the economy?


It's not "invested". This is your ideology talking. It's spending money we don't have, so we're creating it out of thin air and devaluing the dollar in the process. Each dollar becomes worth less and therefore goods and services become more expensive.

Oh yeah, it's invested alright. Kamala just promised ANOTHER 3 Billion to countries around the world. We're going broke and the White House is throwing around money we don't have everyday for their pet projects.


Follow the money. Money spent on beneficial projects and services goes directly into local economies. It provides jobs and adds value to the community.

That isn’t what caused inflation. Inflation was global and was worse elsewhere. Inflation was caused by Covid shutting down the global economy for months while Trump’s tariffs were destroying supply chains.
Anonymous
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:Yep, everything is awesome and people are just too dumb to realize how great things are.


“ The typical American cannot afford to buy a home in a growing number of communities across the nation, according to common lending standards.

That's the main takeaway from a new report from real estate data provider ATTOM. Researchers examined the median home prices last year for roughly 575 U.S. counties and found that home prices in 99% of those areas are beyond the reach of the average income earner, who makes $71,214 a year, according to ATTOM.”

https://www.cbsnews.com/amp/news/homes-for-sale-affordable-housing-prices/

What’s the equivalent of let them eat cake for housing?


So you prefer lowered lending standards that cause market crashes?

You think the president sets lending rates?



The * President spends/gives away money for his ideological pet projects (climate change, subsidies to green energy, promising student loan forgiveness, American "Rescue" Plan to drop money from helicopters for votes, etc., etc.), and then the treasury creates money out of thin air and gives it to the federal reserve, thus lowering the value of the US dollar.

* Remember, this is the guy who wanted to spend $845 BILLION on his so called "Global Poverty Act" when he entered the White House as Vice President to Obama. So take $845 BILLION of U.S. tax payer money and helicopter it onto the world. For what? Does any other country in the world do this welfare mentality crap?


You understand, those spending bills have kept inflation in check right? Particularly as compared to the other industrialized countries. If they hadn't passed those bills, our economy would be in the dumpster right now.


Please explain the mechanics by which printing money out of thin air keeps inflation in check.

Currency is valued according to its rarity. The more you produce, the less value it has. That's just a fact. This is basic stuff.


Money isn’t printed out of thin air and most of it is invested in programs and policies that multiply benefits in the economy. Why do you clowns always think that defense spending and corporate subsidies create jobs and economic benefits but funds spent on healthcare, education, housing, infrastructure, etc. directly to local governments, hospitals and other medical providers, schools and colleges, institutions, nonprofits, contractors etc., are not as beneficial and in fact are much more efficient contributors to the economy?


It's not "invested". This is your ideology talking. It's spending money we don't have, so we're creating it out of thin air and devaluing the dollar in the process. Each dollar becomes worth less and therefore goods and services become more expensive.

Oh yeah, it's invested alright. Kamala just promised ANOTHER 3 Billion to countries around the world. We're going broke and the White House is throwing around money we don't have everyday for their pet projects.


Follow the money. Money spent on beneficial projects and services goes directly into local economies. It provides jobs and adds value to the community.

That isn’t what caused inflation. Inflation was global and was worse elsewhere. Inflation was caused by Covid shutting down the global economy for months while Trump’s tariffs were destroying supply chains.


it's beneficial to you, but apparently no one els,e because it's not getting done unless you CONFISCATE earnings from people by FORCE and impose your will. Got it?

Don't tell me I don't understand inflation. Just because you are economically illiterate doesn't mean everyone is.
Anonymous
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:Yep, everything is awesome and people are just too dumb to realize how great things are.


“ The typical American cannot afford to buy a home in a growing number of communities across the nation, according to common lending standards.

That's the main takeaway from a new report from real estate data provider ATTOM. Researchers examined the median home prices last year for roughly 575 U.S. counties and found that home prices in 99% of those areas are beyond the reach of the average income earner, who makes $71,214 a year, according to ATTOM.”

https://www.cbsnews.com/amp/news/homes-for-sale-affordable-housing-prices/

What’s the equivalent of let them eat cake for housing?


So you prefer lowered lending standards that cause market crashes?

You think the president sets lending rates?



The * President spends/gives away money for his ideological pet projects (climate change, subsidies to green energy, promising student loan forgiveness, American "Rescue" Plan to drop money from helicopters for votes, etc., etc.), and then the treasury creates money out of thin air and gives it to the federal reserve, thus lowering the value of the US dollar.

* Remember, this is the guy who wanted to spend $845 BILLION on his so called "Global Poverty Act" when he entered the White House as Vice President to Obama. So take $845 BILLION of U.S. tax payer money and helicopter it onto the world. For what? Does any other country in the world do this welfare mentality crap?


You understand, those spending bills have kept inflation in check right? Particularly as compared to the other industrialized countries. If they hadn't passed those bills, our economy would be in the dumpster right now.


Please explain the mechanics by which printing money out of thin air keeps inflation in check.

Currency is valued according to its rarity. The more you produce, the less value it has. That's just a fact. This is basic stuff.


Money isn’t printed out of thin air and most of it is invested in programs and policies that multiply benefits in the economy. Why do you clowns always think that defense spending and corporate subsidies create jobs and economic benefits but funds spent on healthcare, education, housing, infrastructure, etc. directly to local governments, hospitals and other medical providers, schools and colleges, institutions, nonprofits, contractors etc., are not as beneficial and in fact are much more efficient contributors to the economy?


It's not "invested". This is your ideology talking. It's spending money we don't have, so we're creating it out of thin air and devaluing the dollar in the process. Each dollar becomes worth less and therefore goods and services become more expensive.

Oh yeah, it's invested alright. Kamala just promised ANOTHER 3 Billion to countries around the world. We're going broke and the White House is throwing around money we don't have everyday for their pet projects.


Follow the money. Money spent on beneficial projects and services goes directly into local economies. It provides jobs and adds value to the community.

That isn’t what caused inflation. Inflation was global and was worse elsewhere. Inflation was caused by Covid shutting down the global economy for months while Trump’s tariffs were destroying supply chains.


it's beneficial to you, but apparently no one els,e because it's not getting done unless you CONFISCATE earnings from people by FORCE and impose your will. Got it?

Don't tell me I don't understand inflation. Just because you are economically illiterate doesn't mean everyone is.

?

I feel really bad for people like you. You’re happy to have trillions taken from us to fund the war machine but you’re such a silly billy that you think that infrastructure, healthcare, housing and education only benefit that one PP? I mean you sweet confused kitten. So propagandized, so blinkered.
Anonymous
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:Yep, everything is awesome and people are just too dumb to realize how great things are.


“ The typical American cannot afford to buy a home in a growing number of communities across the nation, according to common lending standards.

That's the main takeaway from a new report from real estate data provider ATTOM. Researchers examined the median home prices last year for roughly 575 U.S. counties and found that home prices in 99% of those areas are beyond the reach of the average income earner, who makes $71,214 a year, according to ATTOM.”

https://www.cbsnews.com/amp/news/homes-for-sale-affordable-housing-prices/

What’s the equivalent of let them eat cake for housing?


So you prefer lowered lending standards that cause market crashes?

You think the president sets lending rates?



The * President spends/gives away money for his ideological pet projects (climate change, subsidies to green energy, promising student loan forgiveness, American "Rescue" Plan to drop money from helicopters for votes, etc., etc.), and then the treasury creates money out of thin air and gives it to the federal reserve, thus lowering the value of the US dollar.

* Remember, this is the guy who wanted to spend $845 BILLION on his so called "Global Poverty Act" when he entered the White House as Vice President to Obama. So take $845 BILLION of U.S. tax payer money and helicopter it onto the world. For what? Does any other country in the world do this welfare mentality crap?


You understand, those spending bills have kept inflation in check right? Particularly as compared to the other industrialized countries. If they hadn't passed those bills, our economy would be in the dumpster right now.


Please explain the mechanics by which printing money out of thin air keeps inflation in check.

Currency is valued according to its rarity. The more you produce, the less value it has. That's just a fact. This is basic stuff.


Money isn’t printed out of thin air and most of it is invested in programs and policies that multiply benefits in the economy. Why do you clowns always think that defense spending and corporate subsidies create jobs and economic benefits but funds spent on healthcare, education, housing, infrastructure, etc. directly to local governments, hospitals and other medical providers, schools and colleges, institutions, nonprofits, contractors etc., are not as beneficial and in fact are much more efficient contributors to the economy?


It's not "invested". This is your ideology talking. It's spending money we don't have, so we're creating it out of thin air and devaluing the dollar in the process. Each dollar becomes worth less and therefore goods and services become more expensive.

Oh yeah, it's invested alright. Kamala just promised ANOTHER 3 Billion to countries around the world. We're going broke and the White House is throwing around money we don't have everyday for their pet projects.


Follow the money. Money spent on beneficial projects and services goes directly into local economies. It provides jobs and adds value to the community.

That isn’t what caused inflation. Inflation was global and was worse elsewhere. Inflation was caused by Covid shutting down the global economy for months while Trump’s tariffs were destroying supply chains.

+1
Anonymous
Goldman Sachs: GOLDMAN: “.. the US consumer remains in relatively strong shape .. [with] an
expectation of 2.75% real income growth, 2-3 million more open jobs than unemployed workers, slowing debt growth, strong balance sheets, continued
spending growth, and rising confidence ..”
Anonymous
Anonymous wrote:R.I.P. Bidenomics

https://www.msn.com/en-us/money/markets/us-job-openings-fall-to-lowest-since-2021-as-labor-market-cools/ar-AA1l2qQk


Ummm...this is a good thing. It means that the wage/price spiral is slowing down.
Anonymous
Anonymous wrote:
Anonymous wrote:R.I.P. Bidenomics

https://www.msn.com/en-us/money/markets/us-job-openings-fall-to-lowest-since-2021-as-labor-market-cools/ar-AA1l2qQk


Ummm...this is a good thing. It means that the wage/price spiral is slowing down.



Oh yeah, decreases in jobs and soon to be increases in unemployment will now be spun as being 'positive'. Lol, Bidenomics practitioners get to have it both ways!
Anonymous
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:R.I.P. Bidenomics

https://www.msn.com/en-us/money/markets/us-job-openings-fall-to-lowest-since-2021-as-labor-market-cools/ar-AA1l2qQk


Ummm...this is a good thing. It means that the wage/price spiral is slowing down.



Oh yeah, decreases in jobs and soon to be increases in unemployment will now be spun as being 'positive'. Lol, Bidenomics practitioners get to have it both ways!


Did you even read the article that you linked to?

US job openings pulled back in October to the lowest level since early 2021, underscoring the gradual cooling in the labor market that the Federal Reserve would like to see.

Available positions decreased to 8.7 million from a downwardly revised 9.4 million in the prior month, the Bureau of Labor Statistics Job Openings and Labor Turnover Survey showed Tuesday. The figure was below all estimates in a Bloomberg survey of economists and the decline was broad-based across sectors.

As the Fed keeps interest rates elevated to bring down inflation, policymakers are hoping the labor market softens through less demand for new workers rather than employers cutting jobs.

So far, that’s largely been working: Vacancies have retreated from a peak of 12 million last year and the unemployment rate has stayed historically low, though it’s climbed somewhat in recent months.
Anonymous
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:R.I.P. Bidenomics

https://www.msn.com/en-us/money/markets/us-job-openings-fall-to-lowest-since-2021-as-labor-market-cools/ar-AA1l2qQk


Ummm...this is a good thing. It means that the wage/price spiral is slowing down.



Oh yeah, decreases in jobs and soon to be increases in unemployment will now be spun as being 'positive'. Lol, Bidenomics practitioners get to have it both ways!


DP...you don't get it. It means we are going to have the soft landing that very few thought could happen and thus, we are getting the job and wage growth without crashing the economy. You know, the DOOOOOOM that everyone called in 2022 that would happen in 2023? You can go back 50 pages in this thread to read about it.

Anonymous
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:Yep, everything is awesome and people are just too dumb to realize how great things are.


“ The typical American cannot afford to buy a home in a growing number of communities across the nation, according to common lending standards.

That's the main takeaway from a new report from real estate data provider ATTOM. Researchers examined the median home prices last year for roughly 575 U.S. counties and found that home prices in 99% of those areas are beyond the reach of the average income earner, who makes $71,214 a year, according to ATTOM.”

https://www.cbsnews.com/amp/news/homes-for-sale-affordable-housing-prices/

What’s the equivalent of let them eat cake for housing?


So you prefer lowered lending standards that cause market crashes?

You think the president sets lending rates?



The * President spends/gives away money for his ideological pet projects (climate change, subsidies to green energy, promising student loan forgiveness, American "Rescue" Plan to drop money from helicopters for votes, etc., etc.), and then the treasury creates money out of thin air and gives it to the federal reserve, thus lowering the value of the US dollar.

* Remember, this is the guy who wanted to spend $845 BILLION on his so called "Global Poverty Act" when he entered the White House as Vice President to Obama. So take $845 BILLION of U.S. tax payer money and helicopter it onto the world. For what? Does any other country in the world do this welfare mentality crap?


You understand, those spending bills have kept inflation in check right? Particularly as compared to the other industrialized countries. If they hadn't passed those bills, our economy would be in the dumpster right now.


Please explain the mechanics by which printing money out of thin air keeps inflation in check.

Currency is valued according to its rarity. The more you produce, the less value it has. That's just a fact. This is basic stuff.


Money isn’t printed out of thin air and most of it is invested in programs and policies that multiply benefits in the economy. Why do you clowns always think that defense spending and corporate subsidies create jobs and economic benefits but funds spent on healthcare, education, housing, infrastructure, etc. directly to local governments, hospitals and other medical providers, schools and colleges, institutions, nonprofits, contractors etc., are not as beneficial and in fact are much more efficient contributors to the economy?


It's not "invested". This is your ideology talking. It's spending money we don't have, so we're creating it out of thin air and devaluing the dollar in the process. Each dollar becomes worth less and therefore goods and services become more expensive.

Oh yeah, it's invested alright. Kamala just promised ANOTHER 3 Billion to countries around the world. We're going broke and the White House is throwing around money we don't have everyday for their pet projects.


DP... Yes, it IS invested, and there are numerous studies that show huge returns for government expenditures. Keynesian economic theories have been proven over and over again, whereas the contrary - Austrian School, Laffer Curve et cetera have always broken down and failed when government expenditures are drastically cut.
Anonymous
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:Yep, everything is awesome and people are just too dumb to realize how great things are.


“ The typical American cannot afford to buy a home in a growing number of communities across the nation, according to common lending standards.

That's the main takeaway from a new report from real estate data provider ATTOM. Researchers examined the median home prices last year for roughly 575 U.S. counties and found that home prices in 99% of those areas are beyond the reach of the average income earner, who makes $71,214 a year, according to ATTOM.”

https://www.cbsnews.com/amp/news/homes-for-sale-affordable-housing-prices/

What’s the equivalent of let them eat cake for housing?


So you prefer lowered lending standards that cause market crashes?

You think the president sets lending rates?



The * President spends/gives away money for his ideological pet projects (climate change, subsidies to green energy, promising student loan forgiveness, American "Rescue" Plan to drop money from helicopters for votes, etc., etc.), and then the treasury creates money out of thin air and gives it to the federal reserve, thus lowering the value of the US dollar.

* Remember, this is the guy who wanted to spend $845 BILLION on his so called "Global Poverty Act" when he entered the White House as Vice President to Obama. So take $845 BILLION of U.S. tax payer money and helicopter it onto the world. For what? Does any other country in the world do this welfare mentality crap?


You understand, those spending bills have kept inflation in check right? Particularly as compared to the other industrialized countries. If they hadn't passed those bills, our economy would be in the dumpster right now.


Please explain the mechanics by which printing money out of thin air keeps inflation in check.

Currency is valued according to its rarity. The more you produce, the less value it has. That's just a fact. This is basic stuff.


Money isn’t printed out of thin air and most of it is invested in programs and policies that multiply benefits in the economy. Why do you clowns always think that defense spending and corporate subsidies create jobs and economic benefits but funds spent on healthcare, education, housing, infrastructure, etc. directly to local governments, hospitals and other medical providers, schools and colleges, institutions, nonprofits, contractors etc., are not as beneficial and in fact are much more efficient contributors to the economy?


It's not "invested". This is your ideology talking. It's spending money we don't have, so we're creating it out of thin air and devaluing the dollar in the process. Each dollar becomes worth less and therefore goods and services become more expensive.

Oh yeah, it's invested alright. Kamala just promised ANOTHER 3 Billion to countries around the world. We're going broke and the White House is throwing around money we don't have everyday for their pet projects.


Follow the money. Money spent on beneficial projects and services goes directly into local economies. It provides jobs and adds value to the community.

That isn’t what caused inflation. Inflation was global and was worse elsewhere. Inflation was caused by Covid shutting down the global economy for months while Trump’s tariffs were destroying supply chains.


it's beneficial to you, but apparently no one els,e because it's not getting done unless you CONFISCATE earnings from people by FORCE and impose your will. Got it?

Don't tell me I don't understand inflation. Just because you are economically illiterate doesn't mean everyone is.


When government invests in roads, bridgesm ports and tunnels, it makes it possible for private businesses to ship things to consumers. Further, the people actually fixing the roads and building the bridges get paid. That money goes back into retail, services and investments. Is that not beneficial?
When government funds DARPA and the internet is created, new businesses are formed and new opportunities created, and the wealth from those opportunities are many times the value of the original investment. That wealth is part of our GDP.

I could go on, but there have been a lot of studies around government investment and the follow on positive impact on an economy. I mean, even businesses like the rules so they can maximize their effort within boundaries. If a business in one state can pollute and have lower cost to produce than another company in a different state, that is a problem. Ergo, having uniform rules across states levels the playing field.

But sure, let's just have no rules and have money backed by gold bars.

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