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mac
Joined: 07 Mar 1999
Posts: 17747
Location: Berkeley, California
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 Posted: Fri Mar 17, 2023 3:04 pm Post subject: |
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| Boggs—Krugman’s piece on this was very good, and not just tribal talking points. |
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MalibuGuru
Joined: 11 Nov 1993
Posts: 9300
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| Posted: Fri Mar 17, 2023 5:43 pm Post subject: |
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| mac wrote: | | Boggs—Krugman’s piece on this was very good, and not just tribal talking points. |
Krugman has been wrong about EVERYTHING! Hahaha This crisis is all about money printing, and saving the rich. |
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mac
Joined: 07 Mar 1999
Posts: 17747
Location: Berkeley, California
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| Posted: Fri Mar 17, 2023 5:56 pm Post subject: |
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| MalibuGuru wrote: | | mac wrote: | | Boggs—Krugman’s piece on this was very good, and not just tribal talking points. |
Krugman has been wrong about EVERYTHING! Hahaha This crisis is all about money printing, and saving the rich. |
Such an insightful and persuasive post. I bow to your wisdom. Did I mention tribal? |
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mac
Joined: 07 Mar 1999
Posts: 17747
Location: Berkeley, California
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| Posted: Sat Mar 18, 2023 10:53 am Post subject: |
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| Another crazed post from marmalade—then deleted in the morning when he sobers up? Could be bipolar disorder with alcohol as a trigger. Pretty sad. |
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boggsman1
Joined: 24 Jun 2002
Posts: 9120
Location: at a computer
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| Posted: Sat Mar 18, 2023 5:23 pm Post subject: |
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| MalibuGuru wrote: | | mac wrote: | | Boggs—Krugman’s piece on this was very good, and not just tribal talking points. |
Krugman has been wrong about EVERYTHING! Hahaha This crisis is all about money printing, and saving the rich. |
Steve.. When Jay was raising rates in Fall of 2018, and market was tanking , your hero was blasting him , threatening him , etc.. So, don't talk about money printing , because I'm sure you were as quiet as a church mouse during the Trump years ...
Rather than just spout partisan talking gibberish , why not suggest what you think should be done , and how we should reconstruct our banking system.. Do you think fdic insurance should be raised to $500,000? Do you think regionals should play by different rules ? Do you think Jay went too far , too fast ? |
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MikeLaRonde
Joined: 11 Jun 2001
Posts: 768
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| Posted: Sat Mar 18, 2023 8:59 pm Post subject: |
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| mac wrote: | | Another crazed post from marmalade—then deleted in the morning when he sobers up? Could be bipolar disorder with alcohol as a trigger. Pretty sad. |
Don't worry, you're gonna get another barf-washing. I deleted my last work because it wasn't very good. The main issue was that Mr. Creosole's stream wasn't really hitting your face, just your back/shoulder.
Last edited by MikeLaRonde on Sat Mar 18, 2023 9:06 pm; edited 1 time in total |
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MikeLaRonde
Joined: 11 Jun 2001
Posts: 768
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| Posted: Sat Mar 18, 2023 9:06 pm Post subject: |
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| boggsman1 wrote: | | MikeLaRonde wrote: |
Hint #2: since it IS based on something, the fear of hyperinflation is actually quite irrational, AS LONG as that SOMETHING is a stable commodity. Stable,
meaning finite, NOT growing too fast, preferably shrinking! |
No Gold Standard necessary...As Long as USD is world reserve currency. |
The answer is WE THE PEOPLE are what backs the currency. This is not a crazed idea at all. Although hardly proportionally, inflation and population have, at least historically, gone hand in hard.
Ever play monopoly? The more players, the more money in the game. It's almost that simple. But what happens when all the properties are taken, and crammed with houses and hotels? Game over, as I recall. |
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mac
Joined: 07 Mar 1999
Posts: 17747
Location: Berkeley, California
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| Posted: Sat Mar 18, 2023 9:57 pm Post subject: |
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| Every currency in the world is fiat currency. That of the US is the soundest. Obsession about the gold standard has characterized mental illness for almost a century. |
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MikeLaRonde
Joined: 11 Jun 2001
Posts: 768
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| Posted: Sat Mar 18, 2023 10:41 pm Post subject: |
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| mac wrote: | | Every currency in the world is fiat currency. That of the US is the soundest. Obsession about the gold standard has characterized mental illness for almost a century. |
Naturally, any kind of standard based on a more finite resource was/would have been better. Unfortunately for most of humanity, the banking class has never been interested in cutting gold "coins" into pieces, because that wouldn't keep their power in place.
They can't stay in power by themselves. They need the ability to warp the playing field to gain big corporate allies ... to widen the divide. How many real people, or companies, can even comprehend a "trillion"?
I digress. If you can understand/accept that WE are that which actually backs our currency, then my point that I've been working up to is this:
Q: How do you stop inflation?
A: Reduce the population (or at least halt its expansion)
So sorry to sound like a broken record, but pretty much every single bad thing in the news since about mid 2018 is related to the population problem. Which is really just relative to the natural resources needed by populations.
yeah sure, Agenda 2030 is about sustainability, alright. Just not in such a benign way. |
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coachg
Joined: 10 Sep 2000
Posts: 3550
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| Posted: Sat Mar 18, 2023 11:35 pm Post subject: |
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| MikeLaRonde wrote: | | So sorry to sound like a broken record |
Don't worry Mr. Slog. You don't sound like a broken record; a drunken record, but not a broken record.
Coachg |
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