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THe fed just announced they will be printing up 85 billion a month. How long to you think the other central banks are going to tolerate the US debasing their currency? It appears not much longer. But Krugman says to keep the printing presses working overtime so that is that in your eyes.
That's not what he is saying. He is advocating one strong shot of stimulus then to immediately mitigate spending and deal with the debt after the economy is moving full steam ahead. Other countries don't have much of a choice as the rest of the worlds currencies are so unstable and are still looking to the dollar for a safe investment.
I know this, but you seem to imply that we shouldn't fix the problem but instead keep printing until we have a default. Revenues will never be high enough to match the expenses you seem to desire. I'm a liberal and this thought of spending more is killing me, what type of spending increases do you want? Our budget is $1 trillion out of place annually, that $1 trillion is enough to cover a stimulus package annually.
It's pretty obvious the folks in command are going to do that very thing. Just print away and what happens happens. I don't think they really care. They surely don't plan on paying anything off.
That's not what he is saying. He is advocating one strong shot of stimulus then to immediately mitigate spending and deal with the debt after the economy is moving full steam ahead. Other countries don't have much of a choice as the rest of the worlds currencies are so unstable and are still looking to the dollar for a safe investment.
Yes the last shot of "stimulus" surely worked out well................if you owned a green energy company or were a turtle that is.
I know this, but you seem to imply that we shouldn't fix the problem but instead keep printing until we have a default. Revenues will never be high enough to match the expenses you seem to desire. I'm a liberal and this thought of spending more is killing me, what type of spending increases do you want? Our budget is $1 trillion out of place annually, that $1 trillion is enough to cover a stimulus package annually. Its ok to run debt but to run it up to sustainable levels is what's killing us and investors become scared when it seems as if a debt crisis is approaching. I'm not sure if you know this but we have a fiat based currency, you know what that means? Nothing backs us except our confidence. If our confidence is depleted then why will other nations invest in us or give us loans knowing we can't pay them back?
No one is advocating running debt to unsustainable levels. I know what fiat currency means. If investors are so scared, why is the stock market at near record highs? Other countries are still investing in us and still look to usd as a safe bet.
It did work, they just didn't spend enough. If they had not done any stimulus we would be standing in bread lines right now.
LOL. No the banks wouldn't be buying up our debt that we are paying interest on hand over fist right now. Didn't spend enough? Maybe you could argue it wasn't spent correctly but to say a trillion bucks isn't enough your head needs examined. So does Krugman's.
LOL. No the banks wouldn't be buying up our debt that we are paying interest on hand over fist right now. Didn't spend enough? Maybe you could argue it wasn't spent correctly but to say a trillion bucks isn't enough your head needs examined. So does Krugman's.
What banks are buying what debt? You actually have no idea what you are talking about, do you?
We spent money on the wrong things. Most of the bailouts were for banks, and infrastructure was left with scraps. We need a multitrillion dollar, 0% century bond credit on a capital budget to have a real stimulus in this country. What the debt fanatics also don't understand is that paying down the debt is actually bad for business. The only time it's time to start paying the debt down is when you can't afford the interest payments on Treasury securities anymore. Right now, Treasury securities have among the lowest, if not the lowest, yield rates in the world right now because so many people have them. Treasuries are such a safe investment that the Treasury is basically selling them almost at cost.
So, that's it, give up, it's all over. That's your "professional" opinion?
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