Progressive Politics

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Welcome to Progressive Politics! A place for news updates and political discussion from a left perspective. Conservatives and centrists are welcome just try and keep it civil :)

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Smiling Hacker (lemmy.world)

submitted 11 hours ago by [email protected] to c/[email protected]

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Hamza Bendelladj

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[–] [email protected] 1 points 4 hours ago (1 children)

I mean, I'm not taking sides or anything but isn't the FDIC a government agency and any insurance money used to cover thefts ultimately come from taxpayers?

[–] [email protected] 2 points 36 minutes ago

No, because the US federal government has monetary sovereignty using a Fiat currency, meaning the US can pay for it without extracting it from taxes.