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TonyW ๐ŸŽฉ

@tonyw

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TonyW ๐ŸŽฉ pfp
TonyW ๐ŸŽฉ
@tonyw
๐Ÿš€ Your cast cashed in! Claim ๐ŸŽฉ DEGEN tokens on jam now! ๐ŸŸฃ https://jam.so/?referrer=P4Kmm4 ๐ŸŸฃ
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TonyW ๐ŸŽฉ pfp
TonyW ๐ŸŽฉ
@tonyw
๐ŸŽ for you on jam.so
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TonyW ๐ŸŽฉ pfp
TonyW ๐ŸŽฉ
@tonyw
๐ŸŽ for you on jam.so
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TonyW ๐ŸŽฉ pfp
TonyW ๐ŸŽฉ
@tonyw
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TonyW ๐ŸŽฉ
@tonyw
The coolest feature on @tako cast. Translate content and replies in one click. Let the world communicate without any barriers. ps. This cast is the translation by tako after inputting Chinese. and post from @tako cc @dylsteck.eth @dwr.eth
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TonyW ๐ŸŽฉ
@tonyw
Is the current AI model a bubble?
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TonyW ๐ŸŽฉ
@tonyw
Hi fr @takocast, Anyone who wants to try this new client, please dm me.
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TonyW ๐ŸŽฉ
@tonyw
7. Focus of Economic Policy: Governments should actively use fiscal policy to achieve economic stability and full employment, rather than being overly concerned about budget deficits and national debt. Flexible fiscal policy helps governments respond to economic fluctuations and achieve social and economic goals.
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TonyW ๐ŸŽฉ
@tonyw
6. National Debt Perspective: National debt is actually a private sector asset, as the government injects liquidity into the economy through bond issuance. As long as debt is used for productive investments, it can stimulate economic growth rather than being a burden to worry about.
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TonyW ๐ŸŽฉ
@tonyw
5. Role of Taxes: In the MMT framework, taxes are not meant to fund government spending but to manage economic demand and control inflation. Taxes can also be used to achieve income redistribution and reduce economic inequality.
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TonyW ๐ŸŽฉ
@tonyw
4. Inflation Control: Modern Monetary Theory (MMT) posits that as long as there are idle resources in the economy (like unemployed labor), increased government spending usually wonโ€™t cause inflation. The government can manage demand by adjusting taxes and spending to prevent overheating.
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TonyW ๐ŸŽฉ
@tonyw
3. Public Spending: Governments should invest in public services like infrastructure, healthcare, and education to enhance overall economic productivity and quality of life, rather than solely focusing on balancing the budget.
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TonyW ๐ŸŽฉ
@tonyw
2. Monetary Sovereignty: Sovereign countries (like the US) can issue and control their own currency (like the USD), meaning the government can print money to pay for public spending without the risk of defaulting on debt.
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TonyW ๐ŸŽฉ
@tonyw
Read a book recently called "The Deficit Myth" by Stephanie Kelton. It provides a detailed explanation of the core concepts of Modern Monetary Theory (MMT). I found it quite interesting and think it's worth sharing, especially in the current context. Here are the main points explained in detail: 1. Government Budget Deficit: Governments donโ€™t need to worry about deficits like households do, especially when the economy needs a boost. Sovereign countries can issue currency to fund public spending, thereby promoting economic growth and creating jobs.
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TonyW ๐ŸŽฉ
@tonyw
Love staying at pet-friendly hotels where you can see all the cute littles in the lobby. It feels so chill and full of life.
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TonyW ๐ŸŽฉ
@tonyw
Sunday night me time - It's the perfect time to organize my thoughts and put everything together.
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TonyW ๐ŸŽฉ
@tonyw
A "jam" or "jam session" in music is an informal gathering where musicians improvise and play together without extensive preparation. These sessions emphasize spontaneity, collaboration, and flexibility, allowing musicians from various backgrounds to join and leave freely while experimenting with new sounds and techniques. Jams can occur in any genre and are essential for fostering creativity, innovation, and community within the music scene. Our Jam app aims to bring the same spirit of jamming into the decentralized social sphere. We envision a space where everyone can come together to innovate and explore new social and financial scenarios. Anyone can participate, contribute ideas, and collaborate. It's an open platform for creativity and innovation, where everyone can join in and jam together.
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@tonyw
wen crash???
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TonyW ๐ŸŽฉ
@tonyw
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TonyW ๐ŸŽฉ pfp
TonyW ๐ŸŽฉ
@tonyw
๐Ÿš€ Your cast cashed in! Claim ๐ŸŽฉ DEGEN tokens on jam now! ๐ŸŸฃ https://jam.so/?referrer=P4Kmm4 ๐ŸŸฃ
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