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Still in effect. https://www.federalreserve.gov/monetarypolicy/reservereq.htm

You bring up fractional reserve as an argument for why there cannot be more debt than assets, but fractional reserve is the entire reason you can do have more. Fraction reserve means that the bank can leverage 10% assets for 90% debt, so even on the first level you end up with more debt than...

You have yet to talk about how you think national debt actually works, merely stating how it does not. You seem to be under the impression that the fiat system is viable and stable. We can see that the statement "the Fed determines how much the dollar is worth and prints as much as they want"...

@The Whispering Monk is right. However, the other thing to consider is that foreign debts are often not in your own currency. If you have to pay a debt in Yen but the USD is worth less than a thousandth of one Yen, then printing more money won't help because that would merely devalue the...

He was talking about hyper-inflation levels of worthless. Where the face-value of a loaf of bread can go up by a million over night, where currency is worth less than the paper its printed on and no one trusts it, preferring to barter with luxury consumables.

This is a form of IP. Essentially the same as someone leasing book-rights and collecting on e-book sales. The content created maybe streams, but it's still your property. You may be saying that you can create an infinite amount of digital content and that this will allow for infinite growth...

There is a finite amount of real-value in the country at any given time, that is the sum total of all goods, services and IP. In an ordinary economy, this figure divided by the sum-total of all currency issued establishes the worth of the currency. The US is slightly different in that, at the...

Really highlights the fact that climate change is a tool for social change, rather than being a serious problem. Well, either that or modern people are bored and need something to worry about. Rich people more bored than most.

Watch that study get memory-hole'd. Wide-scale solar farms raise the ambient temperature and decrease annual rainfall in a region by making it too hot. If their plan is to turn the SW into a giant solar energy producing zone then it will create a blasted hellscape instead. I'm getting my...

https://www.statista.com/statistics/255947/top-rice-exporting-countries-worldwide-2011/ https://en.wikipedia.org/wiki/Rice_production_in_India#/media/File:Rice_Production_by_States_India.png Somehow, I don't think India is going to agree.

Can't have a supermarket every two miles, which means that the cost of basic necessities would go through the roof.

Yeah, when they have done the 15 minute thing so far, it's just meant putting blockades on the roads to prevent vehicle travel, not actually changing the layout or zoning structure. Maybe that part is an ideal for the future, but it's not happened. In an abstract way I can really see the...

Notice, he didn't answer the question. How does this help climate change? No idea, doesn't say. I could speculate, that this would involve things like seizing polluting factories or office buildings that haven't been sold for decades and thus not up to current thermal insulation and energy...