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cross-posted from: https://lemmy.world/post/50413218

YSK this because the high amount of public debt, which has been getting a lot of attention in the US, is actually by design.

In our double-entry bookkeeping system, money is created via bank lending and government spending, adding to the economy, and is destroyed via loan repayments and taxes, subtracting from the economy.

Central banks create a wealth pump mechanism into assets through money printing, which erodes consumer purchasing power, driven by deficit spending, which creates money for the private sector.

Profits are privatized; losses are socialized.

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YSK this because the high amount of public debt, which has been getting a lot of attention in the US, is actually by design.

In our double-entry bookkeeping system, money is created via bank lending and government spending, adding to the economy, and is destroyed via loan repayments and taxes, subtracting from the economy.

Central banks create a wealth pump mechanism into assets through money printing, which erodes consumer purchasing power, driven by deficit spending, which creates money for the private sector.

Profits are privatized; losses are socialized.

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Mod(s)? (lemmy.world)

In recent weeks I have moved on to other things and don't see myself using Lemmy as much in the future, at least not in the same capacity.

I'd like for this community to continue so I can leave things as is, but given my lack of involvement going forward, I think it would be better to appoint a new mod(s) and probably transfer ownership to one of them as well.

Thank you for allowing me to contribute. I got really into it! I'd be happy to share the resources and information I was accessing and using for posts.

All the best.

3
Mod(s)? (lemmy.world)

In recent weeks I have moved on to other things and don't see myself using Lemmy as much in the future, at least not in the same capacity.

I'd like for this community to continue so I can leave things as is, but given my lack of involvement going forward, I think it would be better to appoint a new mod(s) and probably transfer ownership to one of them as well.

Thank you for allowing me to contribute. I got really into it! I'd be happy to share the resources and information I was accessing and using for posts.

All the best.

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submitted 2 months ago by Innerworld@lemmy.world to c/climate@slrpnk.net
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[-] Innerworld@lemmy.world 26 points 6 months ago

AI surveillance state on the horizon

[-] Innerworld@lemmy.world 22 points 6 months ago

Read the article?

[-] Innerworld@lemmy.world 18 points 7 months ago

“This is not a game, secretary.”

“I’m Attorney General.”

“My apologies, I couldn’t tell.”

GG…

[-] Innerworld@lemmy.world 25 points 7 months ago

Rent-seeking behavior is unfortunately very common.

[-] Innerworld@lemmy.world 22 points 7 months ago

Dang he really went there. This is great lol. His joke about Trump and Minaj in the beginning was also funny.

[-] Innerworld@lemmy.world 69 points 7 months ago

Previously you could just use a driver's license for domestic flights without the fine.

[-] Innerworld@lemmy.world 28 points 7 months ago

Being undocumented isn’t a criminal offense.

[-] Innerworld@lemmy.world 24 points 7 months ago

Minnesota Secretary of State Steve Simon has issued the following statement in response:

The answer to Attorney General Bondi’s request is no. Her letter is an outrageous attempt to coerce Minnesota into giving the federal government private data on millions of U.S. Citizens in violation of state and federal law. This comes after repeated and failed attempts by the DOJ to pressure my office into providing the same data.

Minnesota’s elections are fair, accurate, honest, and secure. Every step of the way they are organized by local officials – Minnesotans who do honest, hard work to ensure their neighbors, friends, and family have access to a secure ballot.

Our office has already provided the Department of Justice a detailed explanation of how we successfully manage and secure our voter registration files. Yet, without alleging any wrongdoing by Minnesota, the DOJ continues to demand that we disclose private data such as social security and drivers’ license information. We have repeatedly offered to disclose to the DOJ voter data that is already public, without the need to reveal private data protected by state and federal law. The DOJ has declined those offers.

Attorney General Bondi knows full well that the Governor has no formal role in managing our elections or maintaining our voter registration system. She is also well aware that this specific request is the subject of active litigation with our office.

Our position on the federal government’s request to access Minnesota voting records starts and ends with the law. The law does not give the federal government the authority to obtain this private data. Minnesota is not alone in declining to disclose sensitive personal data on voters. So far, thirty-one other states have said no. DOJ is in active litigation with twenty-four of those states– and the courts have swiftly dismissed DOJ’s claims in three of them.

In Minnesota, we will continue to follow the letter of the law, which requires us to protect the private data of our voters.

It is deeply disturbing that the U.S. Attorney General would make this unlawful request a part of an apparent ransom to pay for our state’s peace and security.

More broadly, the federal government must end the unprecedented and deadly occupation of our state immediately.

The tactics used by too many ICE agents have been dangerous, destabilizing, unnecessarily cruel, and counterproductive. They are tactics that often seem aimed at instilling fear more than protecting the public.

Finally, I have been heartened by Minnesotans’ resolve thus far to remain peaceful and law-abiding. I want to echo the calls by public officials of all kinds to de-escalate, even when the federal government appears to want escalation. We should continue to meet darkness and division with light and compassion.

[-] Innerworld@lemmy.world 14 points 7 months ago

Minnesota Secretary of State Steve Simon has issued the following statement in response:

The answer to Attorney General Bondi’s request is no. Her letter is an outrageous attempt to coerce Minnesota into giving the federal government private data on millions of U.S. Citizens in violation of state and federal law. This comes after repeated and failed attempts by the DOJ to pressure my office into providing the same data.

Minnesota’s elections are fair, accurate, honest, and secure. Every step of the way they are organized by local officials – Minnesotans who do honest, hard work to ensure their neighbors, friends, and family have access to a secure ballot.

Our office has already provided the Department of Justice a detailed explanation of how we successfully manage and secure our voter registration files. Yet, without alleging any wrongdoing by Minnesota, the DOJ continues to demand that we disclose private data such as social security and drivers’ license information. We have repeatedly offered to disclose to the DOJ voter data that is already public, without the need to reveal private data protected by state and federal law. The DOJ has declined those offers.

Attorney General Bondi knows full well that the Governor has no formal role in managing our elections or maintaining our voter registration system. She is also well aware that this specific request is the subject of active litigation with our office.

Our position on the federal government’s request to access Minnesota voting records starts and ends with the law. The law does not give the federal government the authority to obtain this private data. Minnesota is not alone in declining to disclose sensitive personal data on voters. So far, thirty-one other states have said no. DOJ is in active litigation with twenty-four of those states– and the courts have swiftly dismissed DOJ’s claims in three of them.

In Minnesota, we will continue to follow the letter of the law, which requires us to protect the private data of our voters.

It is deeply disturbing that the U.S. Attorney General would make this unlawful request a part of an apparent ransom to pay for our state’s peace and security.

More broadly, the federal government must end the unprecedented and deadly occupation of our state immediately.

The tactics used by too many ICE agents have been dangerous, destabilizing, unnecessarily cruel, and counterproductive. They are tactics that often seem aimed at instilling fear more than protecting the public.

Finally, I have been heartened by Minnesotans’ resolve thus far to remain peaceful and law-abiding. I want to echo the calls by public officials of all kinds to de-escalate, even when the federal government appears to want escalation. We should continue to meet darkness and division with light and compassion.

[-] Innerworld@lemmy.world 62 points 7 months ago

From this angle, it does look like all the shots were fired by ICE.

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Innerworld

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