I want to live during inflationary times….don’t you ? Make hay while the sun shines.
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its not a one way street. see my comments all evening about setting interest rates for municipalities. (or for all of europe, if only they had a clam).
the whole crisis is solvable in about a day. however, I do not really think it will actually be solved… without additional catastrophe.
people, your government does not need your money and you are not at risk of hyperinflation. demand a payroll tax holiday UNTIL GPD IS LIKE 3 OR 4%.
demand more….targeted stimulus…like helping citizens get more skills for those jobs the corps. are complaining that they can not fill…
absolutely. AND THE GOVERNMENT CAN AFFORD THE EVER LIVING SHIT OUT OF DOING THAT. IT DOES NOT NEED YOUR MONEY, YOU ARE NOT AT RISK OF HYPERINFLATION.
1. worlds biggest economy
2. worlds biggest manu base (still)
3. worlds reserver currency, which everybody and their mother doesn’t want to hyperinflate. you know those “china won’t buy our bonds” stories? fucktarded, it’d hurt them worse than anybody.
4. DEFLATIONARY ENVIRONMENT, WAKE THE FUCK UP PEOPLE NOTHING ABOUT WHAT IS HAPPENING IS OR HAS SUGGESTED HYPERINFLATION. OIL AT 110? YA THAT WAS YOU. GOLD AT 1700? ALSO YOU. SPECULATION FUELED THE COMMODITY BOOM, THIS COULD BE CURED, ALA SILVER, WITH MARGIN RAISES. why let the few profit from the harm of the many again? for fucks sake people doesn’t anybody but me, AM I THE ONLY GUY IN ALL OF WALL STREET WHO EVER OWNED A REAL BUSINESS?, realize that whats good for the middle class is good for EVERYBODY.
oh, yeah, the Modern Monetary Theory economists realize that… but what do they know? They are just righ tabout everything. lol
dear congress: HELP PEOPLE, HELP MAIN STREET, FUCK THE BANKS, THEYA RE FINE, AND USELESS. HELP MY NEIGHBORS. THAT WILL HELP ME MORE THAN PLENTY BELIEVE ME. ASSHATS.
you guys want to take a big leap and realize something incredible? being a trade deficit nation is GOOD.
we get oil, aluminum, wood, and BILLIONS OF HOURS OF LABOR, for NOTHING, for paper, not even paper, for an entry in a computer. Its not a trade deficit, its an exportation of currency. The ultimate luxury.
want to know something else? the total savings in dollars of the entire US is liuterally, and indisputably, and to the penny, equal to the federal debt MINUS the cumulative trade deficit. See, foreigners want to save some dollars too…
like, many trillions of them. LET THEM, we get REAL good in exchange, which is not a bad thing.
I am not a liberal, I have hated liberals my whole life (and they hate me back), but my god we are lucky for the deficits we have had. you have no idea how bad it would be to have a deflationary depression, because 95% of you have never been poor…
Again, it’s all works great until it doesn’t. Credibility is the only thing we’ve got… you want to throw that away?
There’s no perpetual motion machine, my friend. You abuse it, you lose it. Not only have I owned a business, but I also read history.
Check Great Britain’s, also known as “THE LAST RESERVE CURRENCY.”
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Jake, we can’t as a society endure a deflationary depression. You can take some relatively moderate steps now, which won’t actually increase the federal “debt” and ensure a decent economic recovery and the chance for the citizens to deleverage as much as they desire, or you can have another wild and uncontrolled panic spree of spending the next time we really blow up. In no way would we be better off “taking our medicine” and enduring some kind of outcome like we’d have had in 2008 sans bailouts.
Ways to materially stimulate the economy without printing even 1 dollar (and in reality turning a profit for the government) would be setting municipal interest rates at the FED. If the FED announces that >some troubled state< will have an interest rate of 2% (pick a rate that ends that states fiscal trouble). The state can immediately survive, stop job cuts, fund its schools, and so forth. Loan cheap money the same way to healthier states for infrastructure rebuilding.
My understanding is that the Fed possesses the power to do this…
Also, the commodity cycle of the last ten years happens periodically, this is hardly the first time, and its about on schedule. Remember, when reading hyperbolic panic speeches about the evil bernank that in 1999 the dollar had lost a shocking 85% (or whatever it was) of its value since the inception of the fed! They stole 85% of your purchasing power! maybe 90% at that time! Yet the dollar was sky high.