For my Economics Academis Experts
Comments
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MMT I’m told.
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Keep interested rates low.
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The same way we always haveBaseman said:With the massive national debt and hemorrhaging deficit, how will we? keep from going broke and becoming Greece?
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In the grand scheme of things our deficit is pennies.
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Things fucktards say.HustlinOwl said:In the grand scheme of things our deficit is pennies.
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We educate our citizens about basic economics. Or as the cute smart kid in the soccer ad says, "But they won't".
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You mean like the Oregon State game ;-)2001400ex said:Keep interested rates low.
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Lol now that's funny shit.GrundleStiltzkin said:
You mean like the Oregon State game ;-)2001400ex said:Keep interested rates low.
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105% of GDP? Still fairly reasonable.
I'm still fine with restructuring entitlements if your that worried about it. -
For reference.
Also, the USA has the distinct advantage of essentially controlling the world's money supply. We could probably print all $6.2 trillion the rest of the world holds of our debt, buy that back, and still not fuck the dollar up too badly.
Now WHAT we? Spend money on is another question. -
Lol you think we could increase the supply of USD by 40% and not “fuck the dollar up too badly...?” HahahaUW_Doog_Bot said:
For reference.
Also, the USA has the distinct advantage of essentially controlling the world's money supply. We could probably print all $6.2 trillion the rest of the world holds of our debt, buy that back, and still not fuck the dollar up too badly.
Now WHAT we? Spend money on is another question. -
Between low birth rates, weird cartoons and this data, it appears Japan is well and truly fucked.UW_Doog_Bot said:
For reference.
Also, the USA has the distinct advantage of essentially controlling the world's money supply. We could probably print all $6.2 trillion the rest of the world holds of our debt, buy that back, and still not fuck the dollar up too badly.
Now WHAT we? Spend money on is another question.
Pearl Harbor has the last laff. -
Hi there bootlicker, the US essentially did just that with QE over a period of years to the tune of $4.5 Trillion so....GDS said:
Lol you think we could increase the supply of USD by 40% and not “fuck the dollar up too badly...?” HahahaUW_Doog_Bot said:
For reference.
Also, the USA has the distinct advantage of essentially controlling the world's money supply. We could probably print all $6.2 trillion the rest of the world holds of our debt, buy that back, and still not fuck the dollar up too badly.
Now WHAT we? Spend money on is another question.
Yes, at this point in history the US could actually probably repay it's foreign held debt without severe consequences. There's a large basket of the world's currency that is pegged to the dollar and a shit ton more that are "soft" to the dollar. It would break some and weaken the dollar but that's not necessarily the worst thing that could happen. A strong dollar has positive and negative externalities. It's not like we've seen huge inflation numbers after that last round of QE either.
It's the only currency that the rest of the world needs a supply of to conduct business as well. An increase in the supply of USD and an injection of liquidity could actually be a good thing for many world markets which are currently facing recession.
Anyways, the point wasn't that we SHOULD do that but merely to illustrate that the US's debt is still very much manageable.
I'm still happy to discuss restructuring entitlements which are the #1 thing that is going to break the US budget. -
Bad news for @GDS bootlicking fund is that China looks even more bleak as they'll be the first nation to get old and in debt before they get rich.Swaye said:
Between low birth rates, weird cartoons and this data, it appears Japan is well and truly fucked.UW_Doog_Bot said:
For reference.
Also, the USA has the distinct advantage of essentially controlling the world's money supply. We could probably print all $6.2 trillion the rest of the world holds of our debt, buy that back, and still not fuck the dollar up too badly.
Now WHAT we? Spend money on is another question.
Pearl Harbor has the last laff.
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We’re you not around from 2008-2014?Baseman said:With the massive national debt and hemorrhaging deficit, how will we? keep from going broke and becoming Greece?
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UW_Doog_Bot said:
105% of GDP? Still fairly reasonable.
I'm still fine with restructuring entitlements if your that worried about it.
You can get to about 120% before it’s a real problem. We don’t want to do that but deficit spending is what we do. We are never gonna pay the , (trigger alert) Chinks back that money anyway -
Oh, look here, @GDS talks some more shit out his ass and then gets completely obliterated by someone who knows something. Weird, right? Not really. @GDS appears to be the dumbest of the HondoBros.UW_Doog_Bot said:
Hi there bootlicker, the US essentially did just that with QE over a period of years to the tune of $4.5 Trillion so....GDS said:
Lol you think we could increase the supply of USD by 40% and not “fuck the dollar up too badly...?” HahahaUW_Doog_Bot said:
For reference.
Also, the USA has the distinct advantage of essentially controlling the world's money supply. We could probably print all $6.2 trillion the rest of the world holds of our debt, buy that back, and still not fuck the dollar up too badly.
Now WHAT we? Spend money on is another question.
Yes, at this point in history the US could actually probably repay it's foreign held debt without severe consequences. There's a large basket of the world's currency that is pegged to the dollar and a shit ton more that are "soft" to the dollar. It would break some and weaken the dollar but that's not necessarily the worst thing that could happen. A strong dollar has positive and negative externalities. It's not like we've seen huge inflation numbers after that last round of QE either.
It's the only currency that the rest of the world needs a supply of to conduct business as well. An increase in the supply of USD and an injection of liquidity could actually be a good thing for many world markets which are currently facing recession.
Anyways, the point wasn't that we SHOULD do that but merely to illustrate that the US's debt is still very much manageable.
I'm still happy to discuss restructuring entitlements which are the #1 thing that is going to break the US budget. -
Bot, I agree, we're not in panic mode right now. But it's dangerous in my view to assume that the market will never force a correction of our fiscal situation in the coming years or decades. We're running a trillion a year in the red. If we were getting GDP growth of 5% a year and fixing our infrastructure I shut the fuck up. But we're not and it should be concerning.UW_Doog_Bot said:
For reference.
Also, the USA has the distinct advantage of essentially controlling the world's money supply. We could probably print all $6.2 trillion the rest of the world holds of our debt, buy that back, and still not fuck the dollar up too badly.
Now WHAT we? Spend money on is another question. -
Exactly, it's not as if we are engaging in deficit spending to up grade and repair our infrastructure. We're doing to pay for grandma's hip replacement and "free" healthcare. That's what's so troubling. At the end of the day what are we getting for all of this spending?YellowSnow said:
Bot, I agree, we're not in panic mode right now. But it's dangerous in my view to assume that the market will never force a correction of our fiscal situation in the coming years or decades. We're running a trillion a year in the red. If we were getting GDP growth of 5% a year and fixing our infrastructure I shut the fuck up. But we're not and it should be concerning.UW_Doog_Bot said:
For reference.
Also, the USA has the distinct advantage of essentially controlling the world's money supply. We could probably print all $6.2 trillion the rest of the world holds of our debt, buy that back, and still not fuck the dollar up too badly.
Now WHAT we? Spend money on is another question. -
Reagan's deficits got us the end of stagflation and a W over the Ruskies. And a decade later they we gone.SFGbob said:
Exactly, it's not as if we are engaging in deficit spending to up grade and repair our infrastructure. We're doing to pay for grandma's hip replacement and "free" healthcare. That's what's so troubling. At the end of the day what are we getting for all of this spending?YellowSnow said:
Bot, I agree, we're not in panic mode right now. But it's dangerous in my view to assume that the market will never force a correction of our fiscal situation in the coming years or decades. We're running a trillion a year in the red. If we were getting GDP growth of 5% a year and fixing our infrastructure I shut the fuck up. But we're not and it should be concerning.UW_Doog_Bot said:
For reference.
Also, the USA has the distinct advantage of essentially controlling the world's money supply. We could probably print all $6.2 trillion the rest of the world holds of our debt, buy that back, and still not fuck the dollar up too badly.
Now WHAT we? Spend money on is another question.
Our deficit ROI is fucking terrible right now with no end in sight. -
Portugal is at 126% but their food is goddamned delicious so I'm willing to give them a pass on the extra 6%.salemcoog said:UW_Doog_Bot said:105% of GDP? Still fairly reasonable.
I'm still fine with restructuring entitlements if your that worried about it.
You can get to about 120% before it’s a real problem. We don’t want to do that but deficit spending is what we do. We are never gonna pay the , (trigger alert) Chinks back that money anyway
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Like I said, that's a question of WHAT we are spending our money on. The Pax Americana is a pretty good value but we should be asking(forcing) our allies to do more lifting. Federal R&D could be much, much higher imo and would still be in line with historical averages. As inefficient as it is government could spend money on infrastructure projects.YellowSnow said:
Bot, I agree, we're not in panic mode right now. But it's dangerous in my view to assume that the market will never force a correction of our fiscal situation in the coming years or decades. We're running a trillion a year in the red. If we were getting GDP growth of 5% a year and fixing our infrastructure I shut the fuck up. But we're not and it should be concerning.UW_Doog_Bot said:
For reference.
Also, the USA has the distinct advantage of essentially controlling the world's money supply. We could probably print all $6.2 trillion the rest of the world holds of our debt, buy that back, and still not fuck the dollar up too badly.
Now WHAT we? Spend money on is another question.
Anyways, all of that is chump change compared to entitlements, which add little to long term GDP growth, and I'm hearing from team Hondo we need to drastically increase by trillions even though they are already set to. Also, somehow this will make the debt better(but not smaller) bc reasons. -
I hear that drastically increasing our entitlement spending actually saves us money.UW_Doog_Bot said:
Like I said, that's a question of WHAT we are spending our money on. The Pax Americana is a pretty good value but we should be asking(forcing) our allies to do more lifting. Federal R&D could be much, much higher imo and would still be in line with historical averages. As inefficient as it is government could spend money on infrastructure projects.YellowSnow said:
Bot, I agree, we're not in panic mode right now. But it's dangerous in my view to assume that the market will never force a correction of our fiscal situation in the coming years or decades. We're running a trillion a year in the red. If we were getting GDP growth of 5% a year and fixing our infrastructure I shut the fuck up. But we're not and it should be concerning.UW_Doog_Bot said:
For reference.
Also, the USA has the distinct advantage of essentially controlling the world's money supply. We could probably print all $6.2 trillion the rest of the world holds of our debt, buy that back, and still not fuck the dollar up too badly.
Now WHAT we? Spend money on is another question.
Anyways, all of that is chump change compared to entitlements, which add little to long term GDP growth, and I'm hearing from team Hondo we need to drastically increase by trillions even though they are already set to. Also, somehow this will make the debt better(but not smaller) bc reasons. -
Long-term not sure its a good idea that the Bank of Japan is the single largest shareholder of a bunch of Japanese companies and a top 10% shareholder in something like 50% of all stocks traded on the Nikkei.Swaye said:
Between low birth rates, weird cartoons and this data, it appears Japan is well and truly fucked.UW_Doog_Bot said:
For reference.
Also, the USA has the distinct advantage of essentially controlling the world's money supply. We could probably print all $6.2 trillion the rest of the world holds of our debt, buy that back, and still not fuck the dollar up too badly.
Now WHAT we? Spend money on is another question.
Pearl Harbor has the last laff.
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This is the guy to whom I address my economis questions and observations and pretty much ignore everyone else on the board on the topic. I don't mean to hurt feelings, but it's what I like to do.UW_Doog_Bot said:
For reference.
Also, the USA has the distinct advantage of essentially controlling the world's money supply. We could probably print all $6.2 trillion the rest of the world holds of our debt, buy that back, and still not fuck the dollar up too badly.
Now WHAT we? Spend money on is another question. -
It's what we like to do.salemcoog said:UW_Doog_Bot said:105% of GDP? Still fairly reasonable.
I'm still fine with restructuring entitlements if your that worried about it.
You can get to about 120% before it’s a real problem. We don’t want to do that but deficit spending is what we do. We are never gonna pay the , (trigger alert) Chinks back that money anyway -
It's evident that @UW_Doog_Bot has taught me some economis, because w/o reading his last post it's what I was thinking when I read @GDS 's post: isn't that effectively what we've? been doing with essentially free money for about the last forever? It makes sense ... where else you gonna go?
I suppose if some other country (1) had our? productivity and (2) was able to have a robust economy w/o the free money stimulus, thus making their? currency really valuable, then we'd slip to second place.
Show me that country. Talk me into it. Until then, the $$ is still the big swinging dick currency until it isn't. Hey, that's almost a Racebannon-ism. -
Don't overlook the US of A's protection of private property rights while we still have them. We? are a haven for money because it is safer here than say China. China periodically restricts the flow because that's what totalitarians do.creepycoug said:It's evident that @UW_Doog_Bot has taught me some economis, because w/o reading his last post it's what I was thinking when I read @GDS 's post: isn't that effectively what we've? been doing with essentially free money for about the last forever? It makes sense ... where else you gonna go?
I suppose if some other country (1) had our? productivity and (2) was able to have a robust economy w/o the free money stimulus, thus making their? currency really valuable, then we'd slip to second place.
Show me that country. Talk me into it. Until then, the $$ is still the big swinging dick currency until it isn't. Hey, that's almost a Racebannon-ism.
Lizzie and Bernie want and need to do the same to fund their wild schemes. Force will eventually be required. -
We're also doing it to prop up the housing market, which is a massive factor in our overall economy. We could argue whether that's good or bad, but the free money is in large measure to keep people buying, and thus people building, homes, and all that that implies for overall US economis.SFGbob said:
Exactly, it's not as if we are engaging in deficit spending to up grade and repair our infrastructure. We're doing to pay for grandma's hip replacement and "free" healthcare. That's what's so troubling. At the end of the day what are we getting for all of this spending?YellowSnow said:
Bot, I agree, we're not in panic mode right now. But it's dangerous in my view to assume that the market will never force a correction of our fiscal situation in the coming years or decades. We're running a trillion a year in the red. If we were getting GDP growth of 5% a year and fixing our infrastructure I shut the fuck up. But we're not and it should be concerning.UW_Doog_Bot said:
For reference.
Also, the USA has the distinct advantage of essentially controlling the world's money supply. We could probably print all $6.2 trillion the rest of the world holds of our debt, buy that back, and still not fuck the dollar up too badly.
Now WHAT we? Spend money on is another question. -
Man, I hate living on Aurora. It's the best I could do even with free money.creepycoug said:
We're also doing it to prop up the housing market, which is a massive factor in our overall economy. We could argue whether that's good or bad, but the free money is in large measure to keep people buying, and thus people building, homes, and all that that implies for overall US economis.SFGbob said:
Exactly, it's not as if we are engaging in deficit spending to up grade and repair our infrastructure. We're doing to pay for grandma's hip replacement and "free" healthcare. That's what's so troubling. At the end of the day what are we getting for all of this spending?YellowSnow said:
Bot, I agree, we're not in panic mode right now. But it's dangerous in my view to assume that the market will never force a correction of our fiscal situation in the coming years or decades. We're running a trillion a year in the red. If we were getting GDP growth of 5% a year and fixing our infrastructure I shut the fuck up. But we're not and it should be concerning.UW_Doog_Bot said:
For reference.
Also, the USA has the distinct advantage of essentially controlling the world's money supply. We could probably print all $6.2 trillion the rest of the world holds of our debt, buy that back, and still not fuck the dollar up too badly.
Now WHAT we? Spend money on is another question.
