Corinne Nita
2 min readJul 23, 2021

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All jokes aside, I'm American and Australian. I grew up in the US and left after the financial crisis. Who bails out banks? As an American passport holder, I still pay taxes. I get none of the benefits from taxes while living in Australia.

Obama was a shit president, but too many people won't admit it. The US universal healthcare has helped my sister who owns her business, and couldn't afford healthcare for herself otherwise. It's not great, and it needs a lot of work. Yes, the government is failing Americans, but we need government - a good government. The corporations and financial markets control the government, and we're getting screwed.

Yes, the USD grows on trees. Deficits don't cause inflation when the money is put to work and circulating. The long-held belief creating money causes inflation derived from Monetarists like Milton Friedman, but Keynesian economics (based on historical examples and math) demontrates an accurate depiction of why/how inflation occurs.

Borrowing foreign debt is fine if the amount borrowed is low, and it is with China. During the global financial crisis the Fed created $7.7 trillion, and filled foreign central banks, and it has continued to do so. You don't have to believe me - just look it up. Greenspan and Bernanke stated the US can create as much money as it wants if the resources to use the money are there. So, the Fed does just that.

I am thankful for my healthcare, and Americans could have the same, but we have to be smarter than the corporations and demand our government work for us. The Fed creates trillions upon trillions, yet there's never enough money for Americans? We just got out of a twenty-year war. How do you think that was paid for?

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Corinne Nita
Corinne Nita

Written by Corinne Nita

We need the social with the science to call it economics.

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