• 3 Posts
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Joined 2 years ago
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Cake day: July 27th, 2023

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  • The Republicans control both houses. If they can’t get a CR passed by themselves, they need to make significant compromises to pass a bipartisan bill, which they haven’t done. That’s basic politics and it’s been the case for hundreds of years.

    Acting like this is the Democrats fault is nonsense. If the government can’t pay the bills the people of the country need to finally see the incompetence and disdain for the American people that this administration has.

    As for the public sector workers, if you think this will save them you’re completely mistaken. This buys them weeks or a couple of months at most. Maybe a government shut down will remind the people what public servants do for them so they can start opposing this butchery of the government.



  • Dude that makes no sense at all. He wants to depreciate the dollar by putting on tariffs, an action you yourself admit depreciates all OTHER currencies, thereby increasing the value of the dollar?

    Then after that he’ll “negotiate” to have the other countries to appreciate their currencies? By buying US goods and companies?? Both of those things appreciate the US dollar. China has been selling their goods to the US (something which should appreciate their currency) without appreciating their currency by buying property and companies in the US so they never have to use the US dollar to buy their own currency. This increases the value of the dollar while decreasing demands for the Chinese currency. This has been widely seen as unfair currency manipulation by China.

    Things that increase demand for US dollars such as buying US goods and investing in the US APPRECIATE the value of of the US dollar. I haven’t read the article yet, but I hope your summary is incorrect, because Varoufakis is generally a very intelligent left wing thinker and I would be surprised to see this kind of gaffe in basic economics.

    Edit: here is a link to the article since the one above didn’t work for me.

    https://www.yanisvaroufakis.eu/2025/02/21/donald-trumps-economic-masterplan-unherd/

    While tariffs would work against Trump’s plan (by deppreciating foreign currencies) they give Trump revenue he can spend with congressional approval. Then for the countries that make a deal he’ll either force them to appreciate their currencies by swapping US dollars for their own currency (to depreciate the dollar), OR make them buy very long term US bonds (stabilizing the US debt markets) and buying US weapons (diluting the cost of US military R&D). Trump hopes this lets him depreciate the dollar while keeping it as a reserve currency (having his cake and eating it too).