If youre a normal country you are always living on credit, if for no other reason, then because it is super easy and cheap to borrow. Also you have to, to make it to the next pay check (tax collection). First your subjects have to produce and sell, then you can collect taxes.

You dont base the value of the dollar on anything. You offer it as a commodity to the market. If your economy sucks or you print too much money the dollar goes down, which can help the economy. Printing money doesnt automatically help the economy though, it just creates space and time to make it possible for the economy to improve.

Improving the economy means creating more or better products and services that are in demand at a competitive cost. Governments in non-dictatorial countries cant really do that directly, they can only create the conditions for this to happen.

Moderate inflation hardly plays a part, except as a moderator (is that a pun?) of shocks. Deflation (and a strong gold standard in a developing economy IS deflation) is deadly, it makes the economy less flexible, less able to adjust.

If you never improve your ecomomy, all you will have left will be to bitch about inflation.

What is too much debt, too much inflation, too much intervention? I wish economics was a science.

Theoretically the economy can get to be so bad that the structure collapses, there are countries which have notoriously bad historical records, and yet every time they restart they have to borrow money to get things going again. Reserves in general are useless. Production, services and a functioning market, recursive production of valuable goods and services which freely and easily find customers is the only thing you can consider a reliable pillar of civilization. Currency is one of those goods and services.

If for any reason yor currency cant freely circulate (see China or the USSR errr... Russia) you can hardly be a superpower, at least not in the economic sense.

Adopting a gold standard so strong that it would destroy the international dollar standard has no advantage for the USofA or for any developed first world country. Even just having the Euro wreaks havoc in weaker European countries economies, but that is another can of worms.

A lot of what is wrong about the gold standard would apply if a country decided to adopt bitcoin as its sole currency btw.

popper versus lobber.

collective IQ of 'doh'.

not much in the way of leverage for popper's* lawyer.

*rather pop-pop-pop-pop-pop-pop-pop-pop-pop-pop-pop's lawer

wonder if they are relatives?
https://gnrcentral.com/2020/12/22/blues-traveler-the-shocking-arrest-of-john-popper/

haven't heard him/them for awhile

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Every single Republican voted against tracking or countering Islamophobia like we do anti semitism.

Indeed Green ranted her support for Islamophobia, again publicly claiming all Muslims are terrorists and saying fear of any and all Muslims is reasonable. Not a single Republican disagreed. Many publicly agreed, accusing Omar of being a member of multiple terrorist organizations such as her religion.

Damn you people are so childishly ignorant and hypocritical it’s shocking.

I’m shocked school age children really still believe in Santa. WTF!?! I told my parents I knew he wasn’t real when I was 5.
My mother still sends me gifts from Santa anyway even though I’m 51.
Do kids really believe in giant egg hiding rabbits too? I never did. What the hell, people.
One more reason to not lie to children. How many reasons do parents need?

Wait- there are actually real doppelgangers?

This is nuts.

Also funny coincidence: just today I was thinking about the movie Dave, where an ordinary guy became the stand-in for the president because he happened to look exactly the same.

And I was thinking, "Nah, that's way too far-fetched."

Then I come onto The Sift and see this video?!

🤯

*promote

Did you even watch your own video I wonder, because clearly Rittenhouse was shocked!

Historically first ever EF4 tornado in our country. The shock was such that basically everyone has new houses crowdfunded. 6 dead, not the people in the video.

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LOL, nice one.

I'd have titled it: "Bear Gets Shocked After Waking Up World's Most Collected Dog."

Wow, that quote from Biden in 2010 is shocking.

I was shocked to find out that likely 4/7 of the nurses at my wife’s work aren’t vaccinated. That’s insane. At least two are Q nutjobs, the other two Trumpists if not in the Q cult. Anecdotal, but it fits your hypothesis.

I hope that mandate comes soon, it’s just so dumb to have unsafe deniers working with the public, especially in health care.