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I would, if we used commodity money and were the only nation experiencing it, much like pre-WWII Germany. They had creditors from emerging economies that added to their problem. All other nations are in the same boat as the US. Pre-WWII Germany was an exception not the rule.So then you think there's no connection between rising debt and the possibility of hyper inflation and a declining dollar. That's funny.
Anyone who believes what you do is merely appealing to ignorance of the law and economics and doing a disservice to those who want to help improve our economy and our Republic as a result.Anyone who teaches that there is not equal protection for blacks today is doing a great disservice to humanity. We will NEVER have equality. that is not a worthwhile goal. Some people will always be at a disadvantage. that is the way of the world. It is what makes men out of boys. Government wants to keep us as boys.
Another display of knowledge deficiency.
So then you think there's no connection between rising debt and the possibility of hyper inflation and a declining dollar. That's funny.
Pre-WWII Germany was in a very different situation. Their economy was in direct control of the state, which mistakenly over-invested in military technology at the expense of the public.
We have had supply economics for decades and we can always goad Capitalists to automate for their bottom line and to help mitigate pandemics.Monetary Inflation is more dollars chasing the same or fewer amount of goods.
Your graph shows money supply and personal consumption expenditures, not the prices of goods and services.
Monetary Inflation is more dollars chasing the same or fewer amount of goods.
That devalues the currency.
I am curious as to whether you advocate another round of checks in the near future. Thanks!!We have had supply economics for decades and we can always goad Capitalists to automate for their bottom line and to help mitigate pandemics.
Many people are spending less, only the Richest have claim to Exceptional spending during current pandemic times.
It would have happened automatically with better automatic stabilization policies that could have better helped our market based economy. Yes, Capital must circulate under Capitalism.I am curious as to whether you advocate another round of checks in the near future. Thanks!!
It’s inexplicable that some people can’t see that unmanageable debt will lead to hyper inflation and a declining dollar.
What are you talking about, "pay it back"?Where do you get the money from to pay it back when there are no more "rich" people?
That's great then! I never knew dat! When we're short on our house payment or car payment, we jus call our cogress person thing and tell her to print moe money!! WHY did it take us so long to think of dis?What are you talking about, "pay it back"?
This is new money we're digitally creating with the press of a button, we don't need to pay it back.
Well, except that we're giving it to banks so they can loan it to the government, so I guess we might need to pay them back.
sighThis is important because it's a barometer of a kind, and internationally as well as domestically, people's faith in their system is eroding.
That won't cause inflation.And when it becomes acute, people start living defensively, meaning hoarding essentials and limiting nonessential purchases.
I didn't say it was great.That's great then! I never knew dat! When we're short on our house payment or car payment, we jus call our cogress person thing and tell her to print moe money!! WHY did it take us so long to think of dis?
I kno. I kant wate fo my money! I'm gonna tell my friends and could you tell that idiot that I put on ignore that, since he says all this borrowing won't cause hyper inflation and anyone who thinks it does that we need to give away hundreds of trillions of dollars to everyone, and even people in Africa and Iran.I didn't say it was great.
I said we were doing it.
Hyper inflation is not just a possibility......it is an inevitability with America over 25 trillion dollars in debt.
Let's make it a hundred trillion then. Where do you get your nonsense from? You think we can just keep printing money forever? Take an economics 101 class for crying out loud.So, when we were just 23 trillion in debt while Trump was the POTUS there was never any talk of hyperinflation, but that extra 3 or 4 trillion is going to push us over the edge?
What a joke.
Let's make it a hundred trillion then
Now you're changing your tune. Why isn't a hundred trillion worrisome to you? Some idiot here, who I put on ignore because he is an arrogant SOB, says the debt/deficit makes no difference to inflation. that being the case, why not 50 trillion? A hundred trillion. Or as the idiot Nobel prize winner Paul Krugman said, "We can just make a 25 trillion dollar coin.You are the one that worships the guy that added more than debt in 4 years than any president in history. Seems a little hollow to hear you people talk about debt now when you all gave Trump a free pass for 4 years.
Now you're changing your tune. Why isn't a hundred trillion worrisome to you? Some idiot here, who I put on ignore because he is an arrogant SOB, says the debt/deficit makes no difference to inflation. that being the case, why not 50 trillion? A hundred trillion. Or as the idiot Nobel prize winner Paul Krugman said, "We can just make a 25 trillion dollar coin.
This thread is about hyper inflation and some jerk here is saying that the deficit spending is of no matter. My main beef with Trump was his spending but, he is the ONLY one who can bring in jobs to America through his persuasion and personality. That helped keeping America from going into inflation.I am not changing my tune, I have been bitching about the debt since Reagan was POTUS. All I did was call out your hypocrisy of clutching your pearls now about the debt after spending that last 4 years cheering Trump on as he spent money like drunk sailor on shore leave
I am not changing my tune, I have been bitching about the debt since Reagan was POTUS. All I did was call out your hypocrisy of clutching your pearls now about the debt after spending that last 4 years cheering Trump on as he spent money like drunk sailor on shore leave
Brace yourself:
Biden to unveil plan to pump $1.5 trillion into pandemic-hit economy
By Jeff Mason, Jarrett Renshaw
4 MIN READ
WILMINGTON, Del. (Reuters) - President-elect Joe Biden will unveil a stimulus package proposal on Thursday designed to jump-start the economy during the coronavirus pandemic with an economic lifeline that could exceed $1.5 trillion and help minority communities.
The stimulus package has a price tag above $1.5 trillion and includes a commitment for $1,400 stimulus checks, according to a source familiar with the proposal, and Biden is expected to commit to partner with private companies to increase the number of Americans getting vaccinated.
A significant portion of the additional financial resources will be dedicated to minority communities. “I think you will see a real emphasis on these underserved communities, where there is a lot of hard work to do,” said another transition official.
Biden unveils plan to pump $1.9 trillion into pandemic-hit economy
President-elect Joe Biden outlined a $1.9 trillion stimulus package proposal on Thursday, saying bold investment was needed to jump-start the economy and accelerate the distribution of vaccines to bring the coronavirus under control.www.reuters.com
Frankly, I don't think our economy can take another shot like this.
The European Central Bank is considering another stimulus injection but it's going to small.
I believe the pandemic has changed our economic outlook for the foreseeable future and possibly irrevocably, and we need to cognizant of the pitfalls of borrowing so excessively that we can't shoulder our debt.
I've said it before and will say it again, we need to become more insular to be stronger, and therefore offer more security to the free world.
We need to bring manufacturing back.
I'm very concerned that this next stimulus round will contain even more pork than the last. I fear the feds are out of control, spending when they really need to examine the situation and take serious stock. Thanks!!
Brace yourself:
Biden to unveil plan to pump $1.5 trillion into pandemic-hit economy
By Jeff Mason, Jarrett Renshaw
4 MIN READ
WILMINGTON, Del. (Reuters) - President-elect Joe Biden will unveil a stimulus package proposal on Thursday designed to jump-start the economy during the coronavirus pandemic with an economic lifeline that could exceed $1.5 trillion and help minority communities.
The stimulus package has a price tag above $1.5 trillion and includes a commitment for $1,400 stimulus checks, according to a source familiar with the proposal, and Biden is expected to commit to partner with private companies to increase the number of Americans getting vaccinated.
A significant portion of the additional financial resources will be dedicated to minority communities. “I think you will see a real emphasis on these underserved communities, where there is a lot of hard work to do,” said another transition official.
Biden unveils plan to pump $1.9 trillion into pandemic-hit economy
President-elect Joe Biden outlined a $1.9 trillion stimulus package proposal on Thursday, saying bold investment was needed to jump-start the economy and accelerate the distribution of vaccines to bring the coronavirus under control.www.reuters.com
Frankly, I don't think our economy can take another shot like this. The global economy is already in trouble. The European Central Bank is considering another stimulus injection but it's going to small. Even the European Union is getting concerned. I believe the pandemic has changed our economic outlook for the foreseeable future and possibly irrevocably, and we need to cognizant of the pitfalls of borrowing so excessively that we can't shoulder our debt. If the US takes a fall, it's even worse for the globe. I've said it before and will say it again, we need to become more insular to be stronger, and therefore offer more security to the free world. We need to bring manufacturing back. That should be the priority. I'm very concerned that this next stimulus round will contain even more pork than the last. I fear the feds are out of control, spending when they really need to examine the situation and take serious stock. Thanks!!
Are you confusing fiscal and monetary stimulus?
The pitfall is the exact opposite of what you describe. If we don't borrow more money (at record low interest rates), the economy will under-perform resulting in additional employment and business losses.
This is the global economy that we created. Autarkic nonsense aside, leaving a power vacuum under the guise of "take care of yourselves" has never been a fruitful strategy... why do you believe isolation to be necessary?
What you really want to say is, we should revert back from a service based economy to a manufacturing based economy. Bad idea, but would need to be versed in trade theory to really understand why this is the case.
I believe your opinions to be utter garbage... not because you are a horrible person, but because you have not taken the necessary steps to build your knowledge base and formulate an opinion and belief system based on careful examination of the subject matter. Instead, you walk a half-baked opinion out here and honestly expect to be taken seriously....
I do not disagree, this is what pisses me off so much about the past few years. We had a booming economy, some would say a record setting economy, and instead of at least decreasing the deficit, let alone pay off some of the debt, we just kept adding even higher levels of debt....now we are ****ed.
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