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SwingingKoala ,
@SwingingKoala@discuss.tchncs.de avatar

Everybody knows this, the government can simply create as much new money as it wants to. The real question is, can the American people afford that?

Venutianxspring ,

No, we can’t afford shit right now. We went the government to help us out, not see how many fronts we can fuck around on.

magnetosphere ,
@magnetosphere@kbin.social avatar

“Aww, people want the government to help them out? Isn’t that cute. Now shut up and give me more money.”

  • The Pentagon
davel ,
@davel@lemmy.ml avatar

We can afford just about all of it, but the ruling class will fight that tooth and nail, because it would strengthen our power as the working class and weaken theirs. Second Thought: Why The Government Has Infinite Money

davel ,
@davel@lemmy.ml avatar

If only everyone knew this, but our government and think tanks and schools of economics and corporate media seem to work hard to keep it unknown.

autotldr Bot ,

This is the best summary I could come up with:

Janet Yellen has told Sky News the United States can “certainly” afford wars on two fronts, as the conflict between Israel and Hamas threatens stability in the Middle East and the US continues to support Ukraine’s fight against Russia.

Those elements were key factors behind the energy-driven cost of living crisis that started facing Western economies last year.

She pointed to a big easing in inflation but appealed for Republicans to fill the void left by the removal from office of House of Representatives speaker Kevin McCarthy, in order for greater financial support to flow.

Ms Yellen’s remarks followed her visit to the IMF/World Bank conference in Morocco last week when the much-discussed topic was the potential ramifications of the Israel-Hamas conflict.

Read more:'Bodies of tortured dead show Hamas has changed’Couple’s desperate messages before massacre revealedHow the war has escalated since shocking surprise attack

When asked if there was more that the US Treasury could do to pressure Iran from not getting involved in the war, Ms Yellen responded: "I know that there are diplomatic conversations that are taking place.

The original article contains 441 words, the summary contains 180 words. Saved 59%. I’m a bot and I’m open source!

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