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Joined 2 years ago
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Cake day: June 24th, 2023

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  • Earlier this year I built something similar, although with more space for hard drives:

    I used the following components:

    Mainboard Topton N100 (AliExpress) This is actually a BKHD 1264 NAS 136,69 €
    RAM 16 GB Crucial DDR5-4800 (Mindfactory) 40,78 €
    Case Jonsbo N2 (???) 138,83 €
    PSU 300 W bequiet SFX Power 3 (Mindfactory) 50,39 €
    M.2 system drives 2 X 128 GB Patriot P.300 (Mindfactory) 25,78 €
    392,47 €

    For storage I bought used 4 TB drives from ebay for around 40 € each.

    Now the system is running 5 x 4 TB in RAID 6 as well as a 256 SATA SSD I had laying around as cache.

    The system is using 25 Watts in idle with those 5 HDDs, 1 SATA SSD and 2 M.2 SSDs.

    It’s a bit more you’ve been asking for but this option would offer you more expandability down there road.









  • I see what you mean, but this is not about having a strangle hold on the world or being the world’s reserve currency. This is about having your own currency and collecting taxes in this currency. As long as a country collects taxes in its own currency there will be demand for that currency.


  • Okay, but even if the USA can’t change the law regarding states bonds, it is virtually impossible that people stop buying US states bonds since the US Dollar is kinda like the most established currency in the world.

    So your argument is completely theoretical.



  • Then stop selling bonds and start investing directly (build schools, repair bridges, pay your employees, etc.).

    Countries don’t have to take the detour through state bonds because they can make money out of thin air. State bonds are a self-imposed and there’s no law of nature that mandates using them.


  • They seemed to think that tax revenue in some way has to happen for spending to happen.

    Noo!

    But the federal government creates money ex nihilo.

    Yes!

    Money has to be created before it can be destroyed through taxation.

    Yes!!

    We do not rely on the money of the wealthy. What matters is actual, real resources and services we can provide.

    Yes, yes and yes!! ❤️

    Thanks for your concise explanation of MMT! I wouldn’t be able to phrase it this well. ❤️