The Ecomony will not Recover until the Government Spends MORE Money!!

That was almost 100 years ago. It's time to join us in the 21st century where every country has fiat money and we all understand the Weimar Republic and Zimbabwe. You have clearly done a good job watching Fox News and reading conservative blogs. These are the normal talking points that get brought up by anyone who ever has a problem with our system. We have no similarities between the Weimar Republic.

And yes, you just said people are broke, so obviously not everyone has access to the amount of money they want. Wouldn't that make money "scarce". I sure as heck wish I can make couple million dollars and I will not stop working until I make more and more money... because obviously it's not as easy to get money as you are making it out to be.

 

hey dude, fed has pumped money but it's sitting on bank's reserve aco(*)(*)(*)(*)s and not in circulation so this is why there hasn't been inflation and won't until employment improves. Pumping money into Bank's reserve accounts increases the monetary base but not money supply; it's not being used!

 

Been to grocery store lately....the gas pump...bought any livestock feed???

Paid your cable or satelight bill??

Even discount groceries are going up.

 

Show us this lack of evidence you are talking about. I beg you, because clearly history has shown the economy reacts positively towards stimulus. So I assume you are just making this up and passing it off as one of those "subjective facts"?

Yea, I can also win the lottery, prove that it is going to become worthless. Just saying it can doesn't mean it will

Yes, personal sound financial practices give your children a better chance at life. The Government doesn't have children, it is not a household. Sound practices for the Govt including investing enough money in the economy to continue to grow it so your children can have a better life. They have been doing it for over a century.

No control over? What does that even mean. We are the ones giving them our money in the first place. We have all the control over our debt.

False, taxes come from Govt spending not the other way around. More Govt spending will lead to more tax revenue. And I do not advocate raising taxes.

What? This is nonsensical

Isn't that good policy then? Haha

 

Bought any nails...plywood...cement block..auto parts...???

 

Do you have any stocks or a portfolio of investments, do you have a house, do you sell nails, plywood, cement blocks, or auto parts?

 

How much gold will your dollar buy? how much silver?

Yes...I do do have a few investments (stock) but most of my "new money" is going into livestock. And the price of beef has been rising.

A silver dime will still buy a gallon of gasoline....without inflation go figure.

 

there are different types of inflation. Some commodity prices don't increase because of increases in money supply. Oil prices can increase if there are shocks in supply; food prices can increase as a result of droughts (we just had a bad one in US) etc..

The higher prices aren't a result of increased aggregate demand; in other words increases spending from private and govt or increase in money supply.

The latest CPI/inflation number was quite low lately too...

The fed has pumped a lot of money into the banking sector but most people don't understand how this works. All this means is that banks have excess reserves with the fed; that's all. Banks haven't been using these excess reserves so they have been racking up these balances like never before it seems. If banks don't lend this money then it means that it's not really in circulation. The reason is that banks are more conservative and unemployment doesn't foster more lending and business activity.

Inflation can get bad if all of sudden, unempleyoment goes down and banks start lending these excess reserves; then aggregate demand explodes and you have an inflation problem

 

My point is simply this...beef prices are going up but so are imputs.

So...if I make more money selling beef it is offset by imput cost.

I may bring in more dollars...but the dollars do not go as far as they did several years ago.

We have been fortunate here because we have recieved more than enough rain and good grass is plentifull.

But grain for the pigs has went through the roof...I have been buying discount grits to feed them but even the price of grits has went up.


Thank goodness the sorghum is coming in.

So...supply is down and prices are up? That does not sound good either.

 

You want me to prove a negative when you've offered no evidence? Saying "history has shown" doesn't make something true. Must be just a 'subjective fact'.

Oh, the old government can play by different rules logic. How is that working out?

They're giving us money not the other way around. Try to keep up.

Taxes come from government spending? That's just so stupid there is no intelligent response.

Not surprising you would think so.

I'm convinced we'll find out some day just how bad a policy it was.

 

Alert to everyone!!! Democrats don't talk the way akphidelt2007 does. He is an obvious republican voting as a democrat to sway voters. His threads are all bs, search them. He is not democrat and this is the same political sabotage the republicans have been doing for 4 years.

 

Golly, that was a strong comeback.

 

Yeah, it's all a vast right wing conspiracy....

 

If you exchange the silver dime with dollars. Welcome to the world of inflation! You are welcome.

 

You are providing nothing intelligent to the conversation. 99% chance you will vote Republican.

 

You are one of them ignorant Democrats. I don't play partisan politics but smart people tend to be Democrats. They at least attempt to understand what someone is saying before discrediting it. I guarantee you have absolutely no clue what or why I say the things I say. A Democrat typically wouldn't engage in a conversation that they had no clue about. Just like I won't talk about global warming because I'm not a climatologist. You are embarrassing us!

 

Then why are none of the world's economists listening to your ideas? Why is Krugman discredited and laughed at? Why is that every indebted nation on earth is embracing austerity?

I don't want more cops, teachers and firefighters who use their elevated position in society to rape taxpayers through incestuous relationships with their bosses. We have enough cops, firefighters, teachers, social workers and administrative bureaucrats. We don't need anymore. The ones we have suck bad enough.

 

You don't have to prove a negative. Show data the proves that when we stimulus spend that the economy does not show improvement. It should be really easy for you since you are so confident in it.

We are the largest economy in the history of mankind. It's working out pretty well. Plus the fact every country in the entire world is slowly adopting our monetary system... I'd say we are on to something.

Try to keep up here. How do they get that money in the first place. It's not like they grow USD in China. And the other question is why do they buy our debt? Then the last question is, does it matter if they buy our debt or not?

You do not understand our monetary system which is why you think it's stupid... but I promise you, every dollar we use to pay taxes came from Government spending. Always ask yourself... "If we fund the Government, who funds us?". Think about it before making a stupid response.

It actually was nonsensical

Sorry if I'm not convinced that you know anything that you are talking about. You have demonstrated that you have a serious lack of understanding of our monetary system. Time to start asking questions instead of making comments.

 

That's a cool opinion dude!

Also, let me know how austerity is working out! Some data would be nice also

 

We know austerity causes pain. We don't care. It is necessary pain in the short term to prevent default of our debt. We do not have an unlimited amount of credit, no matter how much you claim we do. There is no such thing as unlimited borrowing.

 

So what is the amount of credit we have?

And once again, in 1937 when they had $41 billion of debt they said the very thing you are saying now. Why were they wrong and you are right?

And also, how does a country run out of made up money?

 

Undefined, but not unlimited.

All the debt from the 30's and the War took the entire income of 2 generations at tyrannical tax rates(lowest bracket:25%) in order to pay down. I don't call 2 generations of 25% tax rates on the poor and 70-90% tax rates on the rich "prosperity" no matter how it looked on paper.

When prices grow to be so outrageous that no one bothers to use it anymore.

 

In other words, you have no idea

The debt has grown 40,000% since then. I don't think those generations have paid anything back yet.

When will that happen?

 

It wasn't semantics, it was plain English. It shouldn't be that tricky to you.

Now, what was the lie?

 

I agree that he's a troll, but I don't see him as a Republican one. If he was a Republican troll, he should try to associate with the Democrats even more to make Democrats look stupid.

But he does serve a useful function. He shows the inanity of liberal policy when taken to it's logical conclusion.