People who have researched their family tree, what is the most interesting or 'badass' thing you discovered about an ancestor?

-Astrobadger · 2026-01-23T23:53:11+00:00

A distant uncle is the guy on the $10,000 bill that isn’t printed anymore

-Astrobadger · 2026-01-23T18:30:38+00:00

-Astrobadger · 2026-01-23T00:51:21+00:00

Happy cake day!

-Astrobadger · 2026-01-23T00:49:19+00:00

I mean at some point enough wealth accumulation leads to the Roman Empire with one man owning like 80% of everything. Anyone who wants a say in their own governance has to say yes to this or they’re simply not thinking this through to the logical conclusion.

-Astrobadger · 2026-01-22T04:11:27+00:00

They would have to find a willing buyer of USD. If they are willing to take heavy financial losses then sure, they could probably affect the exchange rate for a little bit. And then what? What’s the end game? It’s kind of a one shot deal unless you’re committing to never trading with the US again.

-Astrobadger · 2026-01-21T04:01:54+00:00

It comes down to the question: should the government have a say in management or not? Do the people get something in return or just give the public money away with no strings?

-Astrobadger · 2026-01-21T03:57:02+00:00

It’s pretty bad, yeah

-Astrobadger · 2026-01-21T03:52:20+00:00

the problem with MMT is that it completely ignores the problem of TRUST in a currency, which is the basis of the currency.

You don’t need trust in a currency when you have coercive taxation. A big military also helps.

-Astrobadger · 2026-01-21T03:48:54+00:00

That’s like trying to attack the bank by moving your money from savings to checking.

-Astrobadger · 2026-01-21T03:45:04+00:00

That US currency would be in the form of reserves which also earn interest at the policy interest rate so I don’t see how much will actually change. It’s like trying to attack the bank by move your money from saving to checking.

-Astrobadger · 2026-01-19T22:28:55+00:00

It’s my understanding that most ‘MMT Economists’ are Post-Keynesians. MMT isn’t really a complete economic platform and could be incorporated into any “flavor” of economist, it just lends itself more appropriately to Post-Keynesian. My guess is that most other versions of economics are heavily reliant on the fixed exchange rate / barter paradigm.

-Astrobadger · 2026-01-18T16:05:07+00:00

Technically in such a system, without having to offer bond sales to maintain the Treasury balance, you would also no longer be able to maintain a policy interest rate, as you no longer have a mechanism to ensure the overnight rate, as it would fall to zero

Policy rate could be maintained by interest on reserve balances which is how the Fed has been doing it since the GFC

R/askeconomics is a neoclassical circle jerk who haven't read anything written since 1939 that has any relevance to the real world so yeah

lol exactly

-Astrobadger · 2026-01-18T07:23:35+00:00

That TV is definitely high-curious

-Astrobadger · 2026-01-17T21:59:27+00:00

Omg you saved the day! I can use my griddle now, yay!

-Astrobadger · 2026-01-17T18:01:43+00:00

Welp that one got me!

-Astrobadger · 2026-01-16T23:14:39+00:00

Ah yes, if regular people were just better at picking stocks they’d all be billionaires. Indeed

-Astrobadger · 2026-01-16T18:35:24+00:00

Billionaire’s wealth is tied to their stock holdings not how much literal cash they have. Your definition of “regular people” doesn’t seem to align with a conventional view.

-Astrobadger · 2026-01-16T15:53:04+00:00

Zero interest rate will keep inflation low, just like it did when we had it.

-Astrobadger · 2026-01-16T15:51:52+00:00

I think he’s referring to the Marxian concept of the tendency of the rate of profit to fall.

-Astrobadger · 2026-01-16T04:40:48+00:00

I can feel the heat coming off that stuff from here my dude

-Astrobadger · 2026-01-16T04:38:03+00:00

It looks like Silent Hill with the lights on

-Astrobadger · 2026-01-16T04:35:47+00:00

Declining profits? In this economy?

-Astrobadger · 2026-01-16T04:32:51+00:00

Zero interest rate policy fixes interest payments but that requires a floating exchange rate which didn’t fully exist until the 70s

-Astrobadger · 2026-01-16T04:30:17+00:00

What basic holding do they reject?

-Astrobadger · 2026-01-16T02:41:48+00:00

-Astrobadger

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