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?

TBF most of us used to be liberals, and we have no more wits now than we did then.

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 in 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.

Greenwald called it 16 years ago. The Democratic Party’s deceitful game

This is what the Democratic Party does; it’s who they are. They’re willing to feign support for anything their voters want just as long as there’s no chance that they can pass it. They won control of Congress in the 2006 midterm elections by pretending they wanted to compel an end to the Iraq War and Bush surveillance and interrogation abuses because they knew they would not actually do so; and indeed, once they were given the majority, the Democratic-controlled Congress continued to fund the war without conditions, to legalize Bush’s eavesdropping program, and to do nothing to stop Bush’s habeas and interrogation abuses (“Gosh, what can we do? We just don’t have 60 votes”).

The primary tactic in this game is Villain Rotation. They always have a handful of Democratic Senators announce that they will be the ones to deviate this time from the ostensible party position and impede success, but the designated Villain constantly shifts, so the Party itself can claim it supports these measures while an always-changing handful of their members invariably prevent it. One minute, it’s Jay Rockefeller as the Prime Villain leading the way in protecting Bush surveillance programs and demanding telecom immunity; the next minute, it’s Dianne Feinstein and Chuck Schumer joining hands and “breaking with their party” to ensure Michael Mukasey’s confirmation as Attorney General; then it’s Big Bad Joe Lieberman single-handedly blocking Medicare expansion; then it’s Blanche Lincoln and Jim Webb joining with Lindsey Graham to support the de-funding of civilian trials for Terrorists; and now that they can’t blame Lieberman or Ben Nelson any longer on health care (since they don’t need 60 votes), Jay Rockefeller voluntarily returns to the Villain Role, stepping up to put an end to the pretend-movement among Senate Democrats to enact the public option via reconciliation.

Did you create a new account just to say nothing?

https://www.urbandictionary.com/define.php?term=rotating+villain

How to smuggle all three volumes of Das Kapital into prison with just thirty dollars, a condom, and some lube.

The Kuomintang and certain aspects of S. Korea after WWII share a very similar backstory, did they do socialism? You would probably deny this.

Fuck no they didn’t do socialism. They did fascism[1][2]. How is this detour even relevant?

Literally Prussia

literally wtf r u talking about m8

If you don’t know anything then don’t say anything.

Trade is not tens of thousands of years old. That is ahistorical.

Trading goes back to prehistory, as as archeologists will tell you.

Dialectics (and more specifically dialectical materialism), as opposed to metaphysics.

While true, it’s not the panacea that liberal MMTers make it out to be, because we live in an oligarchy, where the wealthy decide how the government spends, not us.

A more class-conscious explainer: Why The Government Has Infinite Money