There is a quiet conversation in upper academic and economic policy
levels that looks at the debt and thinks 4% inflation is what we need.
This of course will slow the economy down but what if we are going to
run deficits? They were worried back then US government debt was getting
too high. Since debt is nominal, 4% inflation cuts it in half in 18
years. It also cuts your assets and income by half in that same time.
They didn’t seem worried by the effect on middle America. They were
trying to figure out how to kick the can down the road rather than
balance budgets, which they felt would be too restrictive to the
economy. Uber Keynesians all of them. Note that all of the Fed types
seem to be Keynesians.
On Sunday, December 18, 2022 at 11:47:13 AM UTC-5, da pickle wrote:
There is a quiet conversation in upper academic and economic policy
levels that looks at the debt and thinks 4% inflation is what we need.
This of course will slow the economy down but what if we are going to
run deficits? They were worried back then US government debt was getting
too high. Since debt is nominal, 4% inflation cuts it in half in 18
years. It also cuts your assets and income by half in that same time.
They didn’t seem worried by the effect on middle America. They were
trying to figure out how to kick the can down the road rather than
balance budgets, which they felt would be too restrictive to the
economy. Uber Keynesians all of them. Note that all of the Fed types
seem to be Keynesians.
Isn't a great deal of inflation due to external causes (other countries)? In that case, it is very hard to control at all.
On 12/19/2022 12:30 AM, Tim Norfolk wrote:.
On Sunday, December 18, 2022 at 11:47:13 AM UTC-5, da pickle wrote:
There is a quiet conversation in upper academic and economic policy
levels that looks at the debt and thinks 4% inflation is what we need.
This of course will slow the economy down but what if we are going to
run deficits? They were worried back then US government debt was getting >> too high. Since debt is nominal, 4% inflation cuts it in half in 18
years. It also cuts your assets and income by half in that same time.
They didn’t seem worried by the effect on middle America. They were
trying to figure out how to kick the can down the road rather than
balance budgets, which they felt would be too restrictive to the
economy. Uber Keynesians all of them. Note that all of the Fed types
seem to be Keynesians.
Isn't a great deal of inflation due to external causes (other countries)? In that case, it is very hard to control at all.So ... what do you think ... it is too hard so do no try ... or those in control are doing the best that can be done ... or maybe you just wanted
to said nothing about it at all. Success
On Monday, December 19, 2022 at 4:25:43 AM UTC-8, da pickle wrote:
On 12/19/2022 12:30 AM, Tim Norfolk wrote:.
On Sunday, December 18, 2022 at 11:47:13 AM UTC-5, da pickle wrote:So ... what do you think ... it is too hard so do no try ... or those in
There is a quiet conversation in upper academic and economic policy
levels that looks at the debt and thinks 4% inflation is what we need. >>>> This of course will slow the economy down but what if we are going to
run deficits? They were worried back then US government debt was getting >>>> too high. Since debt is nominal, 4% inflation cuts it in half in 18
years. It also cuts your assets and income by half in that same time.
They didn’t seem worried by the effect on middle America. They were
trying to figure out how to kick the can down the road rather than
balance budgets, which they felt would be too restrictive to the
economy. Uber Keynesians all of them. Note that all of the Fed types
seem to be Keynesians.
Isn't a great deal of inflation due to external causes (other countries)? In that case, it is very hard to control at all.
control are doing the best that can be done ... or maybe you just wanted
to said nothing about it at all. Success
(You were warned, Tim..)
Isn't a great deal of inflation due to external causes (other countries)? In that case, it is very hard to control at all.
On Sunday, December 18, 2022 at 10:30:08 PM UTC-8, Tim Norfolk wrote:.
Isn't a great deal of inflation due to external causes (other countries)? In that case, it is very hard to control at all.That's a stupid remark. Our inflation is our spending. Easy to solve. Stop spending, stop printing.
On 12/19/2022 12:30 AM, Tim Norfolk wrote:
On Sunday, December 18, 2022 at 11:47:13 AM UTC-5, da pickle wrote:
There is a quiet conversation in upper academic and economic policy
levels that looks at the debt and thinks 4% inflation is what we need.
This of course will slow the economy down but what if we are going to
run deficits? They were worried back then US government debt was getting >> too high. Since debt is nominal, 4% inflation cuts it in half in 18
years. It also cuts your assets and income by half in that same time.
They didn’t seem worried by the effect on middle America. They were
trying to figure out how to kick the can down the road rather than
balance budgets, which they felt would be too restrictive to the
economy. Uber Keynesians all of them. Note that all of the Fed types
seem to be Keynesians.
Isn't a great deal of inflation due to external causes (other countries)? In that case, it is very hard to control at all.So ... what do you think ... it is too hard so do no try ... or those in control are doing the best that can be done ... or maybe you just wanted
to said nothing about it at all. Success
Rather than addressing this complex problem with, “Easy to solve;” make that,
“It ain’t nothing for us simply minded…”
No. But trying to do everything by manipulating the US economy cannot work. The rest of the world is quite big, if you hadn't noticed.
On Monday, December 19, 2022 at 2:42:42 PM UTC-8, Tim Norfolk wrote:
No. But trying to do everything by manipulating the US economy cannotwork. The rest of the world is quite big, if you hadn't noticed.
Quit printing worthless unbacked paper, you stupid mutherfucker. It's
that fucking easy. Ignoramus.
I was at Safeway and the mangoes from Peru were beautiful and
the sign said they were on sale at for 88 cents each. When I
got to the checker I discovered she wouldn't take my beloved
bitcoin, nor even gold dust! But she accepted my worthless,
unbacked $100 bill. "Keep the change," I said, and I laughed
all the way to the door at my clever joke. Those morons!
| Sysop: | Keyop |
|---|---|
| Location: | Huddersfield, West Yorkshire, UK |
| Users: | 300 |
| Nodes: | 16 (2 / 14) |
| Uptime: | 27:31:42 |
| Calls: | 6,707 |
| Calls today: | 1 |
| Files: | 12,239 |
| Messages: | 5,352,692 |