It is a Russian unit destroyed and not a Ukrainian.
MMT would claim rather simply that the debt can be paid back by printing more money. More money in the system means more people are employed. If you have full employment, more money leads to inflation and to fight inflation governments need to raise taxes, to take money out of the system. Obviously taxes can not be raised to infinity.
So no MMT does not claim the US can just borrow money without long term costs.
Not necessarily. As long as the debt is invested well, it is absolutly fine. If the debt is used to increase the size of the economy, that means more taxes and hence the debt can pay itself. The other scenario is the government investing into something, which increases in value. Keep in mind that the governments rates are lower the private rates, so if a government builds a lot of housing for its citizens, that increases debt, but is still cheaper then everybody building their own housing themself. Similar effects can be had by buying companies.
Debt is a tool, it can be used for both good and bad. It really depends on how good the government is.
He was sentenced according to GDR law, which allows ten years to life.
However many of the rich countries are in debt in currency they control. The US, China and the EU mostly borrow in dollar, RMB and Euro. So if they have a massive debt crisis they just print a lot of money and can pay back the debt. That comes with inflation, but that is not that bad.
The poorest countries in the world mainly borrow in USD, which they can not just print. They have to net export to get USD to pay back debt. Add to that other massive problems. Afghanistan, Yemen, Syria and Ethiopia all have ongoing civil wars, Chad is landlocked and the country it would trade through is currently in a civil war. North Korea is sanctioned to hell and back. That makes paying back any debt much harder.
$7trillion is three times the GDP if Brazil. It is bigger then the US federal budget. Seriously it is insane.
Mark Robinson described himself as a "Black Nazi", but no LOTR is not real.
I fully support Scholz on enforcing the law. For example CumEx is a wondefull case, where all the bankers and their helpers should be locked up for defrauding German taxpayers.
However that might be a bad move for him.
We need an EU wide 100% wealth tay for any wealth over say 15million€. I am willing to negotiate about the second number.
Basicly 16 years of stoping all green projects and then being hit by a fossil fuel crisis. The fact of the matter is that Germany had the lowest industrial electricity prices for decades, by moving the cost to households, which got some of the highest prices in Europe due to that. Gas was cheap and nearly not taxed at all. All of that in a system with clear caps on emissions and well something has to give.
Even worse a massive unwillingness to pay for infrastructure using debt. Germany is in good shape financially and it would be relativly easy to just pay for a lot of infrastrucuture. That is partly happening, but obviously there are also labour, material and time problems making this take years to finish.
Then there is a massive problem with consumption. Wages have not kept up with inflation, while there are worker shortages. Welcome to a perfectly working labour market. Anyway that obviously means less consumption in Germany, which hurts the economy.
However there is no reason that some good governance could not solve it and it is a fossil fuel crisis, which destroys industries based on processes we do not want to use due to climate change. It could be an extremly healthy crisis if managed well.
Bitte mach es, Sarah. Damit gibt es eine linke Partei, die der AFD die Wähler abgeift, was ziemlich gut sein kann(5% Hürde). Für die Linke kann es auch nett sein, das Ramelow und co dort das Ruder übernehmen und anfangen die Bundesregierung mal von links anzugreifen anstatt nur von rechts.
They are planning to buy or maybe just electricity from a new reactor type, which has never been built, starting 2030, when conventional nuclear power plants, with known technology take twice as long to built.
So if they stop the project in 18months, it has just been a waste of money.