Recession of 2020? It’s actually a Great Depression

[Eternal Tecate]

The Kemp-Roth cuts tipped the scales in favor of utilizing higher education as a wealth-building vehicle and made starting a business far more attractive (number of startups as a percent of all American firms has been almost halved now compared to what it was in the 1980s). It strains credulity to claim these structural changes were unrelated to the explosion of knowledge-economy firms that directly benefited from these policies. The Computer/Digital Revolution was brought about by a confluence of many factors, but the economic policies of the Reagan Administration were definitely a critical one.

Besides all that, it’s pretty radical to suggest that tax policies have nothing to do with economic output, and this is coming from an MMTer.

Higher education was and still is a vehicle for keeping the rich rich.

Computer technology advancement has always been government funded.

An increase in startups was the result of the expansion of the private sector, which is the modern vehicle for slavery. All private property is theft.

 

[DEAD7]

Higher education was and still is a vehicle for keeping the rich rich.

Computer technology advancement has always been government funded.

An increase in startups was the result of the expansion of the private sector, which is the modern vehicle for slavery. All private property is theft.

 

[GzUp]

Don’t see it happening

 

[Pressure]

Dude can't help but lie

 

[Reece]

Here's what I wonder. As analytics increase are we less likely to see the devasting recessions we've seen in the past?

No. Every devastating recession in the last 100 years was caused by people speculating off things they didn’t understand fully or due to everyone rushing into a new area that’s printing money until it’s valued far beyond what it’s truly worth then someone calls bullshyt which triggers an avalanche of selling. 2008. Mortgages. 2000. Dotcoms. 1998. Asian and Russian markets. 1987. Portfolio Insurance. 1929. Investment trusts and irresponsible practices regarding call money. 1907. Trust companies. There will be something else

 

[FAH1223]

 

[FAH1223]

 

[King Kreole]

God tier.

 

[phcitywarrior]

Stacking season in full effect. Thank goodness I cleared off my debts earlier this year. Not gonna make too many wholesale lifestyle changes until at least next summer. Gonna keep my expenses as low as possible. I'm a relatively simple person and outside of travel, I don't have too many big expenses. I do not plan to get caught with my pants down when things hit the fan. No one knows how deep the next downturn will be.

 

[Json]

Warren putting all her chips in.


It would be weird to see the economy look so good but get blindsided by some loans again.

 

[FAH1223]

Richard Wolff man @ineedsleep212



Reagan’s former OMB Director David Stockman

 

[wtfyomom]

theres a recession every 5-7 years in capitalism so regardless of anything it will happen and its only worse when its due to trickle down. this is your great system that "works"

 

[wtfyomom]

People questioning taking news from RT when RT is clearly better than any tv or cable news in the states

 

[EndDomination]

People questioning taking news from RT when RT is clearly better than any tv or cable news in the states

State-run media is inherently untrustworthy.
As is all media beholden to investors.

 

[wtfyomom]

State-run media is inherently untrustworthy.
As is all media beholden to investors.

of course i agree but just saying thats how bad our media is