Bluesky

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Bluesky Social is a microblogging social platform being developed in conjunction with the decentralized AT Protocol. Previously invite-only, the flagship Beta app went public in February 2024. All are welcome!

founded 11 months ago

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TheArstaInventor@lemmy.world

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The rich will not like that she said this (lemmy.world)

submitted 1 day ago by Sunflier@lemmy.world to c/peoplebluesky@lemmy.world

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[–] bollybing@lemmynsfw.com 2 points 16 hours ago

They can always create as many USD as they like, they don't have to actually print any of it. It will devalue the dollar though, the price is inflation which affects everyonr who has dollars or is paid in dollars.

Similar story with the national debt, with enough inflation the total value of the debt becomes miniscules, you just screw over everyone who owns that debt (a lot of 401ks) and destroy your economic credibility.