Govcoins: The digital currencies that will transform finance

Sure, sure one ignores the debt the other doesnt.
Anyway we are heading down the mmt route currently any way, aka shit tonne of money printing with no caring about debt, huge government spending relying on next to no unemployment to keep the shit show together ans keep inflatiin incheck. See how well it holds together.
Like i said before, MMt can suffer the exact flaws of any monetary system. Poor management can see it fail. Nothing wrong with an orthodox system,its mismangement thats been the problem, and MMTisnt fool proof, so not sure how it could fix anythign really especially if socialists are so attracted to it, not only that some of the biggest advocates for it are socialists
MMT is socialism 101

Edit, again im on ipad so spelling is shitty

 

Thats bad mismanagement.
What you propose is even more money printing, then create taxes as a way to try and reel in excess money in circulation, in an attempt to try and rectify the systems fuck up of printing too much money, essentially penalizing people with taxes for when the government prints to much money as way to try and keep inflation in check. So your not saving people from taxes. lol
So you combine that with miss management of a government in the future and you end up in a world of hurt. the system we had in place was easy and they still manage to fuck it up. MMT is even more of a balancing act, so the likely-hood of government cockups would be higher.
Your whole premise is about extreme money printing by a government,with debt to be ignored by a government and taxing the shit out of people when the government prints too much money.you can Pretend its not really a tax as we know it as its not for debt recouping or balancing budgets but instead its being collected to try and keep the inflation at reasonable levels.
So essentially the more the government spends on shit the more money is out there, meaning higher taxes to drag it back to the gov to essentially burn, and if a shitty government spends to much and they dont tax people to the hilt, inflation will rocket and money is worthless, thats how your system will fail.

We are already seeing a transition (accidentally) to that shit setup via mismanagement and over the top covid responses where the government has essentially thrown out the window any orthodox economics and started down MMT route, and yet you think more of that will be the fix ahaha. you complain about money printing while promoting money printing.

What is wrong with the more orthodox system is mismanagement, and again MMT does not fool proof us against a shit governments bad economic mismanagement does it? NO
its like you think that if we changed into a Magic money tree style system Politicians magically become better at managing the economy lol

The real answer to our problem is people to stop wanting shit for free, and stop relying on government, and the government to stop giving into those wants in an effort to win votes.

 

lol, I always love your rebuttle. you pull a couple of quotes, and ignore the rest, ahaha.

 

ahaha, nice try though