this post was submitted on 08 Feb 2025
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How to fix the economy (lemmy.world)
submitted 3 months ago by The_Picard_Maneuver@lemmy.world to c/curatedtumblr@sh.itjust.works
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[–] will_a113@lemmy.ml 90 points 3 months ago (3 children)

this could be one of those bell curve memes where the low end and high end are the moron/jedi guys saying “just print more money” and the middle of curve has a freshman Econ student trying to explain macroeconomics.

[–] xorollo@leminal.space 18 points 3 months ago (3 children)

I came here to say this. I thought humans made the rules!

[–] will_a113@lemmy.ml 9 points 3 months ago (1 children)

The world is run by middle-of-the-curve people.

[–] Semi_Hemi_Demigod@lemmy.world 5 points 3 months ago

As someone two standard deviations above the mean height, the tyranny of the average is real

[–] Gradually_Adjusting@lemmy.world 6 points 3 months ago (2 children)

Yeah but I hella refuse to see Yellen as a Jedi.

[–] explodicle@sh.itjust.works 3 points 3 months ago

She's like a prequel Jedi councilor

[–] grrgyle@slrpnk.net 4 points 3 months ago* (last edited 3 months ago)

Yeah it's not as simple as just printing more money and not changing anything else, but she's right

[–] xapr@lemmy.sdf.org 8 points 3 months ago* (last edited 3 months ago)

Very good observation. On the high end of that bell curve, there's Modern Monetary Theory (MMT): https://en.wikipedia.org/wiki/Modern_monetary_theory

[–] merc@sh.itjust.works 6 points 3 months ago (1 children)

Yeah, exactly what I was thinking. Like, it isn't quite as simple as "print $1m for everyone and they can all go out and buy Ferraris." But, there are plenty of situations where the government can just print the money and it won't cause inflation or any other harmful effects.

[–] Semi_Hemi_Demigod@lemmy.world 4 points 3 months ago

There's a line from (I think) a Tyler Perry movie that goes "The only thing reparations will do is make Cadillac the best selling car in the country."