It’s the opposite, fixing personal debt requires a more expensive environment for high cost purchases. No one could afford to buy a 500,000 dollar house if mortgage rates were 17% and no one would lend money for college if the government didn’t guarantee loans
good grief.....
I'd like to see us convert to a wartime footing like we did back in WWII. There were things we needed and things we didn't. We literally overnight went from producing Chevys Fords and Studebakers to making Jeeps, tanks, and cannons.
"Cool off the economy" is just another way of saying "damage the economy." NAIRU thinking has never worked before, and it won't work now.
The government doesn't infuse debt into the economy. They infuse cash, and they infuse bonds, which are assets in our hands. You have this completely backwards.
That's not how the gold standard worked. Reserves were backed by gold, not bank-created dollars. The only thing you get with a gold standard is banks bidding up scarce reserves, and interest rates going up because of that. We are far better off now, with reserves being created as needed and interest rates being both controllable and low.
Who has them, then?
I do believe he's referring to the mindless spending the current administration has been pushing (they all do it but this one is so bad the media ate it's own tail over the past year defending it), funding a proxy war being the most recent... so in this case the Ukranian government technically... but thats a different topic.... that also partially answers the main topic.... instead of funding a proxy war caused by the USA/Nato's occupation of Ukraine, why dont we just cut out the middle man and fight Russia instead of pumping funds to both Russia and Ukraine.
historyincharts.com
Like I said John, the russian bots have invaded every section of the forum.
You can't hide a lack of understanding of economics under a mountain of words. But nice try.I do believe he's referring to the mindless spending the current administration has been pushing (they all do it but this one is so bad the media ate it's own tail over the past year defending it), funding a proxy war being the most recent... so in this case the Ukranian government technically... but thats a different topic.... that also partially answers the main topic.... instead of funding a proxy war caused by the USA/Nato's occupation of Ukraine, why dont we just cut out the middle man and fight Russia instead of pumping funds to both Russia and Ukraine.
Supposedly that 40B *referencing the Ukraine bill* would've also somehow been able solve world hunger *comments from Musk buying twitter* (despite it being supply chains that cause most of the worlds hunger) so perhaps it could even be used to trickle down away from politicians and their family to the citizenry who it was robbed from and to businesses who employ the citizenry and give us purpose... it might even keep people from from being unemployed worse disillusioned with a functional society causing them to rationalize burning down impoverished cities, "ghettos", and specifically targeting low income family run businesses during riots that lasted for months while law abiding citizens stayed home as mandated more out of fear of being the next "social Justice" death rather than caring about some slightly worse than flu virus that was hyped to be "spanish flu 2.0 insta death kill everyone but don't social distance or wear masks till months after the outbreak when it becomes politically convenient super mega virus"
Generating imaginary currency to pay our debts is a great solution we should just copy the german mark's verbatim, who gives a solitary shit about the concept of the mass homeless population begging for billions to buy a slice of bread to feed their whole family for a week if it means minimum wage for the few lucky enough to be employed outside of the military is in the trillions or hell quintillions. Yes our federal reserve is better without being tied to a tangible horde-able object, however it's a slippery slope to what became the 1930's German economy, which played a part in the events of the 1940's... many had "wealth" but it was demeaned so rapidly (via generating money solely to pay off debts and revitalize a crippled from ww1 economy) that the populous didn't have enough to survive off of, the promise of government handouts for doing a dictators bidding pushing even God fearing devout Christians to commit atrocities for their dictator who was seen as benevolent and emphatic leader who would right his predecessors wrongs... and left a powerful message about how a select few having control over the economy, media, politics, and the publics fears can make blood run in the streets while those in political favor enjoy luxury... seems eerie that history is littered with similar events... and even our present. We are lucky that our hyperinflations of post ww1 and the 1970's were mere footnotes in comparison, we are lucky that the third Reich happened and stands as such a powerful memory as it's kept our leaders from fully embracing evil.German Hyperinflation: How Much Was a Mark Worth in 1923? - History in Charts
Read on about Germany's hyperinflation crisis. Find out how much the German mark was worth as it plummeted to unimaginable levels in 1923.
The best solution was an idealist concept of a functioning two party system... which keeps getting kneecapped by both sides with one side getting more power temporarily and desperately doing everything it can to exploit it's fleeting control before it's lost. Wonder if Washington is looking down upon us in disgust over becoming a monster far more corrupt than the one his generation fought against in his time, I wonder if Andrew Jackson would be disgusted with the nation he governed embracing a world economy controlled by corruption after he struggled to stop a precursor of it back in his time at great cost to the very people he sought to protect from what he saw as a greater evil than war itself, I wonder if Reagan's solution would've worked if not for businesses being so used to being whipped back and forth with each changing tide in D.C.(and local gov't) leading to them hording gains instead of distributing them out of an presumption of not being able to continue to "trickle" down and possibly even going under trying to keep unions satisfied when D.C/local changes tunes and causes massive losses through regulation changes, fines, and taxes.
The oil companies lost money with COVID and they are hesitant to ramp up. We probably need a dpa order in the short term while other energy production and storage methods continue to ramp up.
I very much doubt oil executives are so irrational as to believe that.
That would have changed my evaluation for sure.
I do believe he's referring to the mindless spending the current administration has been pushing (they all do it but this one is so bad the media ate it's own tail over the past year defending it), funding a proxy war being the most recent... so in this case the Ukranian government technically... but thats a different topic.... that also partially answers the main topic.... instead of funding a proxy war caused by the USA/Nato's occupation of Ukraine, why dont we just cut out the middle man and fight Russia instead of pumping funds to both Russia and Ukraine.
Supposedly that 40B *referencing the Ukraine bill* would've also somehow been able solve world hunger *comments from Musk buying twitter* (despite it being supply chains that cause most of the worlds hunger) so perhaps it could even be used to trickle down away from politicians and their family to the citizenry who it was robbed from and to businesses who employ the citizenry and give us purpose... it might even keep people from from being unemployed worse disillusioned with a functional society causing them to rationalize burning down impoverished cities, "ghettos", and specifically targeting low income family run businesses during riots that lasted for months while law abiding citizens stayed home as mandated more out of fear of being the next "social Justice" death rather than caring about some slightly worse than flu virus that was hyped to be "spanish flu 2.0 insta death kill everyone but don't social distance or wear masks till months after the outbreak when it becomes politically convenient super mega virus"
Generating imaginary currency to pay our debts is a great solution we should just copy the german mark's verbatim, who gives a solitary shit about the concept of the mass homeless population begging for billions to buy a slice of bread to feed their whole family for a week if it means minimum wage for the few lucky enough to be employed outside of the military is in the trillions or hell quintillions. Yes our federal reserve is better without being tied to a tangible horde-able object, however it's a slippery slope to what became the 1930's German economy, which played a part in the events of the 1940's... many had "wealth" but it was demeaned so rapidly (via generating money solely to pay off debts and revitalize a crippled from ww1 economy) that the populous didn't have enough to survive off of, the promise of government handouts for doing a dictators bidding pushing even God fearing devout Christians to commit atrocities for their dictator who was seen as benevolent and emphatic leader who would right his predecessors wrongs... and left a powerful message about how a select few having control over the economy, media, politics, and the publics fears can make blood run in the streets while those in political favor enjoy luxury... seems eerie that history is littered with similar events... and even our present. We are lucky that our hyperinflations of post ww1 and the 1970's were mere footnotes in comparison, we are lucky that the third Reich happened and stands as such a powerful memory as it's kept our leaders from fully embracing evil.German Hyperinflation: How Much Was a Mark Worth in 1923? - History in Charts
Read on about Germany's hyperinflation crisis. Find out how much the German mark was worth as it plummeted to unimaginable levels in 1923.
The best solution was an idealist concept of a functioning two party system... which keeps getting kneecapped by both sides with one side getting more power temporarily and desperately doing everything it can to exploit it's fleeting control before it's lost. Wonder if Washington is looking down upon us in disgust over becoming a monster far more corrupt than the one his generation fought against in his time, I wonder if Andrew Jackson would be disgusted with the nation he governed embracing a world economy controlled by corruption after he struggled to stop a precursor of it back in his time at great cost to the very people he sought to protect from what he saw as a greater evil than war itself, I wonder if Reagan's solution would've worked if not for businesses being so used to being whipped back and forth with each changing tide in D.C.(and local gov't) leading to them hording gains instead of distributing them out of an presumption of not being able to continue to "trickle" down and possibly even going under trying to keep unions satisfied when D.C/local changes tunes and causes massive losses through regulation changes, fines, and taxes.
I've got a better "common sense idea" to control inflation.
