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Started By
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re: “We’re going to pay off...the $35 trillion in debt. We’re going to pay it off...fast too.
Posted on 12/8/23 at 9:04 am to Flats
Posted on 12/8/23 at 9:04 am to Flats
quote:
Oh for frick's sake, being concerned about a risk isn't wishing the risk to become a reality. Yeah, we're the smallest fatass on the planet, but that doesn't mean we shouldn't be looking at losing weight
But couching immediate economic ruin with the generally slow way geopolitics turns is something else. We both have far more leeway with monetary policy than most people realize, and are limited in our options due to past choices. I'm actually sensitive to the issues with interest payments, but some of that is mitigated because those dollars aren't just going to be sitting doing nothing. They will be used as well to facilitate transactions, which is the entire purpose of US monetary policy.
1
Posted on 12/8/23 at 9:04 am to Taxing Authority
quote:
Have you seen the long term trend on US manufacturing and consumer goods production?
Going to be a while scrolling the DU talking points.
Posted on 12/8/23 at 9:04 am to Big Scrub TX
Most of his sheep followers believe him too!
Posted on 12/8/23 at 9:07 am to Taxing Authority
quote:
Have you seen the long term trend on US manufacturing and consumer goods production?
Have you seen US GDP growth rates? Again, the demand for dollars is going to be consistent for geopolitical reasons, which is the same reason that it has been consistent before. You can't seem to fathom the relationship between that demand and geopolitical realities, and are pretending the latter doesn't exist.
Posted on 12/8/23 at 9:11 am to crazy4lsu
quote:
But couching immediate economic ruin
Nah. Just temporary pain.
We arent guaranteed permanent growth, nor should we encourage it.
Posted on 12/8/23 at 9:12 am to Ribbed
quote:
Going to be a while scrolling the DU talking points
With progressives, expect a paragraph of words than have little to do with the subject at hand.
Obfuscation is a debate strategy for them.
Posted on 12/8/23 at 9:13 am to RogerTheShrubber
quote:
We arent guaranteed permanent growth, nor should we encourage it
Well tell that to policymakers then, because that is the entire orientation of our political economy.
Posted on 12/8/23 at 9:14 am to crazy4lsu
quote:
Well tell that to policymakers then,
I dont always agree with policy makers, do you?
The only thing I can do is vote for fiscal sanity.
Posted on 12/8/23 at 9:15 am to crazy4lsu
quote:Already addressed. But just expand, the GDP isn't a full measure of economic performance. For example, government spending is included in GDP, with no subtraction for the NPV of the debt incurred by that spending.
Have you seen US GDP growth rates?
quote:
You can't seem to fathom the relationship between that demand and geopolitical realities, and are pretending the latter doesn't exist.
You are the one arguing the current economic and geopolitical situation is static. As I noted... our ability to afford our military is going to be limited by our debt. This post was edited on 12/8/23 at 9:16 am
Posted on 12/8/23 at 9:16 am to RogerTheShrubber
quote:
Obfuscation is a debate strategy for them.
What have I obfuscated? I'm telling you in a direct way that demand for US dollars is based on geopolitics, and because the world itself is anarchic, and the US has proven that it can provide an extremely safe framework by which international trade can be conducted, that we can make some pretty safe assumptions about the demand for dollars in the future.
Posted on 12/8/23 at 9:18 am to Dex Morgan
quote:
Stay tuned more to come
Where are you getting this male clone info?
Posted on 12/8/23 at 9:20 am to crazy4lsu
quote:
What have I obfuscated?
Totally misunderstanding (purposefully) anything said to you.
Posted on 12/8/23 at 9:24 am to Taxing Authority
quote:
You are the one arguing the current economic and geopolitical situation is static.
What? I literally gave you an example of how the two of the largest economies in the world cannot work together because of their long-term geopolitical interests. If anything, the Indians have become more expansive in their geopolitical aims, which can be seen in the amount of foreign investment India and Indian corporations now provide. We can take the stated aims of both, as well their historical aims, which are both oriented around avoiding being dominated by another country, to make calculations about potential scenarios.
Nothing in geopolitics is static, and decisions made by parties have effects that take several years to play out, if not decades. I mean, French-British geopolitical rivalries which consumed a large portion of the world took centuries to reach their conclusion, and yet I have to worry about the concerns of people who haven't even broached the real geopolitical realities to pretend that demand for US dollars won't be consistent? You need a more specific argument rather than some general appeal to some vague possibility, and I straight up don't think you have the knowledge to even make a cursory calculation.
Posted on 12/8/23 at 9:25 am to RogerTheShrubber
quote:
Totally misunderstanding (purposefully) anything said to you.
Give me an example.
Posted on 12/8/23 at 9:26 am to RogerTheShrubber
quote:
The only thing I can do is vote for fiscal sanity.
The reality is that there really isn't a model of political economy that isn't based on growth. If you have one, then starting writing it out.
Posted on 12/8/23 at 9:28 am to Taxing Authority
quote:
You are the one arguing the current economic and geopolitical situation is static
Its literal wishcasting.
Keynesian policy doesnt help the consumer unless youre accustomed to financing shite.
The inflation following 2020 was a failure of Keynesian economics.
The trouble with Keynesian economics is that eventually you run out of other people’s money
This post was edited on 12/8/23 at 9:30 am
Posted on 12/8/23 at 9:30 am to crazy4lsu
quote:Which, literally undermines the claim that the US will always do better than everyone else.
What? I literally gave you an example of how the two of the largest economies in the world cannot work together because of their long-term geopolitical interests. If anything, the Indians have become more expansive in their geopolitical aims, which can be seen in the amount of foreign investment India and Indian corporations now provide.
Posted on 12/8/23 at 9:31 am to RogerTheShrubber
quote:There is no one to vote for.
The only thing I can do is vote for fiscal sanity.
Posted on 12/8/23 at 9:32 am to Taxing Authority
quote:
Which, literally undermines the claim that the US will always do better than everyone else.
Indeed.
I think some people believe the party can never end. Its already over for a large part of the population.
Posted on 12/8/23 at 9:34 am to RogerTheShrubber
quote:One could (at least theortically) use Kenyensian techniques, but you can't do it with a permanent massive public debt. Even John Maynard himself knew that.
The trouble with Keynesian economics is that eventually you run out of other people’s money
For example, we've gone through a period of inflation--the ideal time to retire some of the public debt. That would be deflationary. But we didn't. We did the opposite actually.
This post was edited on 12/8/23 at 9:35 am
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