Economist: Why Printing Money Doesn't Work (bankruptcy, debt, borrow, interest)
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More stoic and strategically reactive. Both China and Russia have a history of throwing everything including the kitchen sink (aka millions of lives) toward the common cause.
US is simply reactive. The only individual that I knew personally to file for bankruptcy (twice) was also a huge supporter of UBI (of course he was!). I argue his trouble stems from being so emotionally triggered. Can't stay focused on a plan, breaks the plan when the going gets tough. Needs immediate gratification through consumerism (actual products or something less tangible like a political party narrative).
More stoic and strategically reactive. Both China and Russia have a history of throwing everything including the kitchen sink (aka millions of lives) toward the common cause.
Agreed.
Quote:
Originally Posted by flyingsaucermom
US is simply reactive.
Agreed.
Quote:
Originally Posted by flyingsaucermom
The only individual that I knew personally to file for bankruptcy (twice) was also a huge supporter of UBI (of course he was!). I argue his trouble stems from being so emotionally triggered. Can't stay focused on a plan, breaks the plan when the going gets tough. Needs immediate gratification through consumerism (actual products or something less tangible like a political party narrative).
Thanks for posting.
Yes. You and I understand that money issues are usually a symptom of other problems--usually the seeds of it go back to childhood.
As commentators like Camille Paglia have been saying for a while now, if you look at the arc of history and how societies rise and fall, you'll see Western society is in its decadent phase and is headed for a crash. She was using other indicators (obsession with transgenderism), but I think massive money printing certainly fits the bill as another big red flag as well.
You're welcome for the post.
By the way, the whole interview was worth watching if you're interested.
I really like the Valuetainment YouTube channel. He does a great job with his interviews.
No, the fact that she even mentions "printing money" demonstrates a total lack of understanding on her part.
This is just another "I'm going to criticize something I don't understand" thing.
Agreed.
It has become a slogan to represent some undefined umbrella of Federal Reserve actions that fall within their mandate, usually in a nonsensical context.
most of the price increases we see are not monetary inflation .... they are supply, demand , shortage issues ...that has nothing to do with printing money as the uniformed call it
Pursuant to law, CONgress has no power to create money, let alone print it.
CONgress can coin money (stamp bullion) or borrow money (i.e. "notes"). It cannot create bullion.
Neither can banks.
Pursuant to the law of notes, only obligated parties are compelled to accept them in lieu of lawful money.
Title 12 USC Sec 411 identifies the US Gubmint as an obligated party, which must accept its 'own' notes in lieu of gold or silver dollars.
Can you guess how 330 million Americans became obligated parties ?
Hint: Involves being a 'contributor'.
Hint: Makes one into a 'human resource' pledged as collateral on the debt.
Hint: A numbered account is used to track these human resources.
ADDENDUM:
Classic inflation is defined as "too much money chasing too few goods."
But there is a money drought. Bill Gates, et al, are not bidding up the price of milk and cookies.
IN fact, no money has circulated since 1933...Only worthless notes (IOUs) kited by a bankrupt CONgress.
The U.S. government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at essentially no cost.
-- Ben Bernanke, Chairman Federal Reserve, 2006-14
i view it the same way i view those who refer to investing in broad based funds as gambling or a casino .
you know they have little knowledge and are anti investing based on their little knowledge and what they likely learned from other misinformed people ...the terms people use can show a lot about what they know or do
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