[EA]

Originally Posted by rhuff80

Do you have other sources for "time and time again" other than this article about an era (and economy) that was vastly different than today.

Thanks.

https://research.stlouisfed.org/publ...ural-disasters

https://www.mitpressjournals.org/doi...urnalCode=rest


https://www.nytimes.com/2007/03/25/b...-1st-eich.html


https://www.theatlantic.com/internat...rpower/384034/


The Economic Development of Postwar Germany

[PinkString]

Originally Posted by EA

With less old people, economy is gonna boom.

A lot of so-called "old" people spend a lot of money in this town. Just because they get old in society's terms, does not mean they are worthless human beings anymore. We are all getting older. Even you. So someday someone will dismiss you as worthless as well no doubt.

[PinkString]

I voted for better than now. Because maybe supermarkets will be back to normal and the hoarders no longer hoarding toilet paper and water and all other shelf stable foods. And there should be enough for all again.

[tijlover]

Originally Posted by EA

With less old people, economy is gonna boom.

The Millennials, as a whole, have no desire to own a car, let alone drive one. They're game changers thru and thru and many are still burdened with student loans, living with Mom and Dad. So how are they going to be a big stimulant to the economy. A big stimulant to the economy is cancelling their student loans. Just think how much extra money they'd have to stimulate the economy and housing market.

[Mariza160]

Originally Posted by tijlover

The Millennials, as a whole, have no desire to own a car, let alone drive one. They're game changers thru and thru and many are still burdened with student loans, living with Mom and Dad. So how are they going to be a big stimulant to the economy. A big stimulant to the economy is cancelling their student loans. Just think how much extra money they'd have to stimulate the economy and housing market.

I can't buy this argument. So "we" cancel their student debt but where does
this magical money come from? The taxpayes of course...or piling it into the national
debt and then we're on the hook for interest payments. I don't find that much of a stimulant
but more of a sophisticated shell game exchanging one pile of debt for another and
leaving a different set of individuals on the hook for it.

I'm pretty liberal but I certainly don't wanna assume someone else's debt that
made their own choices to accumulate. No one forced them to attend an expensive
college and rack up loans.

[Cold Warrior]

Originally Posted by tijlover

The Millennials, as a whole, have no desire to own a car, let alone drive one. They're game changers thru and thru and many are still burdened with student loans, living with Mom and Dad. So how are they going to be a big stimulant to the economy. A big stimulant to the economy is cancelling their student loans. Just think how much extra money they'd have to stimulate the economy and housing market.

Yes! Let's cancel ALL loans! And give everyone $1,000,000! Imagine the stimulus to the economy!

[EA]

Originally Posted by PinkString

A lot of so-called "old" people spend a lot of money in this town. Just because they get old in society's terms, does not mean they are worthless human beings anymore. We are all getting older. Even you. So someday someone will dismiss you as worthless as well no doubt.

I'm sure they do. They also eat up medicare ss welfare absfood stamps. They also keep good jobs and houses. They also hoard money.


I'm already planning to exit the world when I reach annadvanced age. Going to practice what I preach.

[OmegaSupreme]

I don't understand this thread, define "better than now"?

What are you talking about exactly, unemployment, inflation, stock market levels, house prices? There needs to be a yardstick, something well defined. If you're talking about GDP, then which timeframe and which date exactly, Quarter? Year?

Of course there's going to be a global recession, there's no stopping it.

You will also need to define full blown depression, since there are a few ways to define a depression

[Katie the heartbreaker]

Originally Posted by OmegaSupreme

I don't understand this thread, define "better than now"?

What are you talking about exactly, unemployment, inflation, stock market levels, house prices? There needs to be a yardstick, something well defined. If you're talking about GDP, then which timeframe and which date exactly, Quarter? Year?

Of course there's going to be a global recession, there's no stopping it.

You will also need to define full blown depression, since there are a few ways to define a depression

I think unemployment, inflation, tourism numbers/spending, hotel occupancy, and crime numbers would be some good metrics to use. I do not think housing prices nor the stock market are relevant to this thread. The dot com bust would be a good example of a run of the mill recession. A full blown depression would have the metrics above being worse than the crash of 2008, since it was very close to being a depression.

[Katie the heartbreaker]

https://www.youtube.com/watch?v=O8RssY4EmA4