Reporter: [REDACTED]
Reason: Breaks rule 1

Reporter, the first rule of Lemmy is you don’t make false reports against site admins’ posts.

Yes. This is covered in one of the YouTube videos I posted in this thread yesterday.

But you understand that everything you linked are examples of why a govt can’t actually print infinitely

We already agreed on why governments don’t print infinite money.

and can’t just pay interest to rich people

We know it can because we know it does. The wealthy buy US Treasuries for risk-free returns on investment.

Also it’s a red flag to me that all of your sources are youtube videos.

The reason I link to YouTube videos is because most people don’t read. They’re not going to read Karl Marx or Michael Hudson.

You’re still mistaking a state with monetary sovereignty for a business. It’s nothing like a business or a household or even a province or municipality. Money works completely differently at this level. Previously:

What if I told you that our federal taxes don’t go toward food stamps at all, and in fact pay for nothing?

• The United States can always pay any debt it has because we can always print money to do that.
  — Former Fed. Res. Chair. Alan Greenspan
• Why The Government Has Infinite Money
• What Caused Hyperinflation In Weimar, Zimbabwe And Venezuela?

But also a government can’t print “unlimited currency”. Eventually it would be worthless.

Governments can do it, but you’ve explained why they don’t do it.

They are effectively only permitted to print currency proportional to what their creditors allow.

A government with fiat monetary sovereignty has no need to borrow its own money, because it already can create as much as it pleases. The purpose of government securities is not to fund spending but to give the rich a safe place to park their capital with interest.

I expect though that the future will see private currencies backed by the-entities-formerly-known-as-corporations.

Snow Crash becomes truer by the year.

Yes.

Anyone can create their own money. Consider Bitcoin. The hard part is getting people to use it.

Corporations can print corporate shares, though the more shares they print, the less each share is worth. You can’t buy a pack of gum with corporate shares, though, so I wouldn’t call it money or currency.

Private banks can print money, but not an an unlimited amount. They can only print as much as the government allows, and it can only be created as the principal of a loan, and the money is destroyed as the borrower pays down the principal.

Corporations are construct of law. They can’t exist without a government to enforce corporate law through its monopoly on violence.

If you have a family of eight, you’re officially “low income” in San Francisco.
https://www.hcd.ca.gov/sites/default/files/docs/grants-and-funding/income-limits-2025.pdf

Corporations can only exist if a state creates & enforces corporate law.

This is oddly specific and oddly vague at the same time. Also “middle class” is ill-defined and means different things to different people.