So the United States credit rating was just downgraded....again

[VerbalIntercourse]

Based on nothing? I don't feel like it right now, but I could and have in the past pull up several studies from reputed nonpartisan economic research firms including the Congressional Budget Office that all crunched the numbers and concluded that the stimulus produced or save 2-3 million jobs. I'm sure you could find some Randian douchebag economist somewhere that will dispute that, but don't say my view is back-up by nothing when it's actually backed up mainstream economics.

an Analysis based on an a hypothetical situation. "what if the stimulus didn't happen?" Made by the same people who failed to predict significant economic trends.

vs.

a detailed mathematical analysis of historical trends.

Cool. very convincing.

 

[Dusty Bake Activate]

an Analysis based on an a hypothetical situation. "what if the stimulus didn't happen?" Made by the same people who failed to predict significant economic trends.

vs.

a detailed mathematical analysis of historical trends.

Cool. very convincing.

So are you REALLY trying to argue that stimulus spending during a recession does not create economic growth and if you just cut taxes alone that would create more growth? Sometimes I wonder if you're lying about having a Master's in economics. Is this here just total bullshyt in your opinion?

 

[Dusty Bake Activate]

Even if we agree that Romers research is correct, that doesn't dispute any long held belief by rational people. Reagan grew the economy by an astounding rate by cutting taxes massively, but this created MASSIVE budget deficits. So historically speaking, tax cuts have created great growth when done massively, but this has been historically in conjunction with sustained spending increases, which are further exacerbated by the tax cuts.

So you get NOWHERE.

Also, nobody disagrees that tax cuts spur economic growth, the facts are that they are GROSSLY inefficient.

CASE CLOSED, come back next week harping on Halpogroup E1Y1GP or whatever the hell else you talk about.

Beat me to it with the Moody's chart.

 

[VerbalIntercourse]

So are you REALLY trying to argue that stimulus spending during a recession does not create economic growth? Sometimes I wonder if you're lying about having a Master's in economics. Is this here just total bullshyt in your opinion?

The more I've learned about econometrics. the more I don't trust it at all.

Econometrics, especially at the aggregate level, is NOT a science, and it's NOT reliable.

The same field also "proves" many things that you disagree with, so don't pick and chose.

 

[Broke Wave]

The more I've learned about The facts. the more I don't trust them at all.

The facts, especially at the aggregate level, IS a science, and it IS reliable.

The same field also "proves" many things that you agree with, so don't pick and chose.

Fixed.

*Looks at chart*

*Disputes entire subset of economics*

 

[Mowgli]

The Fed gives and makes sure the debt is impossible to pay. You pay until you are sucked dry and become their bytch.

 

[VerbalIntercourse]

Fixed.

*Looks at chart*

*Disputes entire subset of economics*

A chart made by moody's doesn't convince me of anything. Do you even wonder how the came up with those numbers, or do you blindly accept anything in a graph?

Doom is the guy harping on about "crunching numbers" even Steven Levitt who is a respect econometrician (?) spent the first chapter of his famous book discrediting the field.

Econometrics "proves" that aborted black babies equals a lower crime rate. Econometrics "proves" minorities need an income higher than 100k to appeal to white women. It also "proves" economic freedom increases wealth.

 

[OsO]

Man shut the fukk up. You don't know anything about economics at all...zero. Your act is tired. Read a book and stop telling people they don't know what they're talking about just because they don't have your silly 15 year old comical, conspiratorial fact-free view of everything.

Obviously the logic of someone who supports stimulus is that it should be done to spur growth in the short-term so the economy doesn't tank, credit doesn't get frozen, and unemployment spikes then worry about austerity later. If there wasn't stimulus done in 08-09 there would've been a Great Depression. And you would've just came up with some other dumb ass facts-devoid "the government and the Fed is evil yo!" faux analysis developed without doing any research.

cool story bro.

but lets start with the fundamentals of economics, which you seem to be ignorant of.

every single one of those dollars is getting produced with interest, when it doesnt have to be. interest that we the people are going to have to pay back. that in itself is a fundamental tragedy in monetary planning.

secondly, who is performing the oversight on this quantitative easing? the same people who performed "oversight" on the previous banking crisis? or the housing and lending crisis? or the savings and loan crisis? gotcha... great plan.

idiot.

im gonna make this plain and i truly hope you understand it. you cant talk about economic solutions without talking about the role the fed is playing in dragging our economy down. its like you got a big ass butcher knife stuck in your chest and you asking for an aspirin cuz you got a headache.

im not gonna get too hype with this... im talking about economic fundamentals and if you dont get it you dont get it.

but for those who do understand why the fed is a problem, we can start discussing the solutions and countermeasures to their current system of economic exploitation.

 

[OH SOHH TRILL]

meanwhile, investors are buying t-bills at damn near a 0% return.

nothing to see here.

 

[Jatt]

some of you all need to read A Monetary History of the United States,1867-1960: Milton Friedman,Anna Jacobson Schwartz: 9780691003542: Amazon.com: Books ASAP

 

[Dusty Bake Activate]

cool story bro.

but lets start with the fundamentals of economics, which you seem to be ignorant of.

every single one of those dollars is getting produced with interest, when it doesnt have to be. interest that we the people are going to have to pay back. that in itself is a fundamental tragedy in monetary planning.

secondly, who is performing the oversight on this quantitative easing? the same people who performed "oversight" on the previous banking crisis? or the housing and lending crisis? or the savings and loan crisis? gotcha... great plan.

idiot.

im gonna make this plain and i truly hope you understand it. you cant talk about economic solutions without talking about the role the fed is playing in dragging our economy down. its like you got a big ass butcher knife stuck in your chest and you asking for an aspirin cuz you got a headache.

im not gonna get too hype with this... im talking about economic fundamentals and if you dont get it you dont get it.

but for those who do understand why the fed is a problem, we can start discussing the solutions and countermeasures to their current system of economic exploitation.

You said absolutely nothing....as usual. "The Fed is bad...these are economic fundamentals."

Do you think expansion of the money supply is some kind of new thing in history? "Every dollar is being produced with interest." You don't have a clue what you're even trying to say. Interest rates are near 0 now. You ever heard of the phrase liquidity trap, that's the problem here. I'm sure you haven't. There are valid criticisms of QE, mainly that it can lead to inflation (which didn't happen in QE1 and 2) but you cannot make the case because you don't understand anything even at the most basic level. Again you're going to have to read and do research instead of relying on paranoia, gut feeling, and amateur youtube videos with scary background music before you can be taken seriously.

 

[IGSaint12]

You said absolutely nothing....as usual. "The Fed is bad...these are economic fundamentals."

Do you think expansion of the money supply is some kind of new thing in history? "Every dollar is being produced with interest." You don't have a clue what you're even trying to say. Interest rates are near 0 now. You ever heard of the phrase liquidity trap, that's the problem here. I'm sure you haven't. There are valid criticisms of QE, mainly that it can lead to inflation (which didn't happen in QE1 and 2) but you cannot make the case because you don't understand anything even at the most basic level. Again you're going to have to read and do research instead of relying on paranoia, gut feeling, and amateur youtube videos with scary background music before you can be taken seriously.

lol damn my breh vic laying it down, what you just said is basically the opinion of 95 percent of conservatives/republicans who think they know about the fed or the economy but are just spouting idiotic nonsense.

 

[OsO]

You said absolutely nothing....as usual. "The Fed is bad...these are economic fundamentals."

Do you think expansion of the money supply is some kind of new thing in history? "Every dollar is being produced with interest." You don't have a clue what you're even trying to say. Interest rates are near 0 now. You ever heard of the phrase liquidity trap, that's the problem here. I'm sure you haven't. There are valid criticisms of QE, mainly that it can lead to inflation (which didn't happen in QE1 and 2) but you cannot make the case because you don't understand anything even at the most basic level. Again you're going to have to read and do research instead of relying on paranoia, gut feeling, and amateur youtube videos with scary background music before you can be taken seriously.

the current interest rates are not the issue because the current rate is not a constant. and my larger point that is moonwalking over your head is there should be no interest rate at all.

and you didnt address my point about the traditional lack of financial oversight.

it's like this, either you didnt know that the fed produces every dollar at interest, in which case youre ignorant.

or you think the fed producing every dollar at interest is a good thing, in which case youre an idiot.

the shyt is simple. if you go into a bank for a loan and you have the choice between $100,000 interest free, or $100,000 at 6.25% interest, which one are you going to choose?

stop reacting off emotion and really comprehend what i am saying.

 

[BamdaDon]

the current interest rates are not the issue because the current rate is not a constant. and my larger point that is moonwalking over your head is there should be no interest rate at all.

and you didnt address my point about the traditional lack of financial oversight.

it's like this, either you didnt know that the fed produces every dollar at interest, in which case youre ignorant.

or you think the fed producing every dollar at interest is a good thing, in which case youre an idiot.

the shyt is simple. if you go into a bank for a loan and you have the choice between $100,000 interest free, or $100,000 at 6.25% interest, which one are you going to choose?

stop reacting off emotion and really comprehend what i am saying.

it's a fukked up doomed for failure type plan. But the reality is everybody has it good here Breh, compared to most of the world. nobody is going to all of the sudden want to stop making money within this corporation so unless your about to live off the land might as well accept that just like any other business this country is trying to win and stay winning.

Shady practices? stupid levels of debt? I rather have all that shyt going on than live in some third world country getting bombs dropped on me and my family . There will never be a Utopia Breh just be glad we are on the winning team with a big ass military with bases everywhere. the dollar is and has been tanking but with that the slumiest hoods still have sewer systems, electricty, running water food stamps ect. All from a worthless piece of paper? I'll take it as long as they dumping money I'm trying to get a cut, equality will never exist.

 

[88m3]

Egan-Jones



lol....