your previous arguments don’t indicate as such, but sure thing, Mr. Kruger
Alright, Mr. Dunning. Ditto. Very productive.
what ever the last paragraph was supposed to be, you realize we are back down to 3%~?
Great job! I guess prices will fall back to where they were 3 years ago… no wait, they won’t, right? I mean, after all this inflation RATE being high, the prices will remain high, and will still increase after this spike, and we’re kissing Jerome Powell’s balls not to hike federal fund rates higher because the economy is so subtle that things can… break? Like we “never seen before”? https://www.reuters.com/markets/europe/bank-england-buy-long-dated-bonds-suspends-gilt-sales-2022-09-28/
I mean, back then with Paul Volcker in the 70s we did like 20% rate hike… and now we can’t even go to 6% without destroying the whole world’s economy.
But hey everyone… don’t worry! we’re back at ~3%!!!
Government debt is at 33 Trillion, and the government is struggling to pay the interest of that debt, leave alone the debt itself…
But hey everyone… don’t worry! we’re back at ~3%!!!
and why should I not be condescending to someone talking out of his ass?
I believe at this point I’ve shown who’s talking out of their ass and using unilateral self-constructed imaginations to justify economic history that can be summarized with “everything politicians are doing is perfect, and greeeeeeeeeed is why I’m miserable”. Excuse me that I don’t give to shits what you think. You have no idea what you’re saying when you think that “3%” means that “everything is OK”. You will remain miserable, and I will laugh more seeing you miserable, because you deserve it, 100%. Every bit of it. You chose those who did it. Enjoy!
tell me you don’t know how economics work, without telling me you don’t know how economics work:
I guess prices will fall back to where they were 3 years ago… no wait, they won’t, right?
we will never see any meaningful deflation, since that’s about as dangerous as Venezuela style runaway inflation. it literally freezes markets, causes massive layoffs that make the covid era look humane, and stops all investment.
3% is a healthy annual level of inflation for any developed economy.
I mean, back then with Paul Volcker in the 70s we did like 20% rate hike… and now we can’t even go to 6% without destroying the whole world’s economy.
the 20% was for a span of a few months during an era of rampant inflation in America because the dollar was overvalued after WW2 and the late 60s-70s saw it come to its actual market value after being artificially driven up by the new industrial demand for gold and the “gold standard” (something I find funny is that Libertarians rave about the gold standard but, then ignore the fact that they just abstract the fiat to the metal, and then tie the value of the money to the new fiat currency), and all of this during a global financial crisis… but that wasn’t covered in the fun libertarian cartoon you watched eh?
Government debt is at 33 Trillion, and the government is struggling to pay the interest of that debt, leave alone the debt itself…
meaningless, completely and utterly meaningless, as long as the government continues to pay the extremely low interest rates on that debt it is a safe way (for overwhelmingly Americans btw) to safely store assets long term, but like all libertarians you will ignore how state financing works because you believe we should live in a world ruled by the free market or some shit like that.
and lastly, your entire post has shown a staggering lack of even any fundamental economic history outside a few fun facts you might find on the bottom of libertarian Snapple caps, this is how economics works, I recommend you look into some macroeconomics.
tell me you don’t know how economics work, without telling me you don’t know how economics work:
tell me you’re a Keynesian who thinks that anything I say is demanding deflation without telling me that with this bullshit response that is again, like your other response, a red-herring.
we will never see any meaningful deflation, since that’s about as dangerous as Venezuela style runaway inflation
Yet people are paying the price because of government recklessness and money printing.
the 20% was for a span of a few months during an era of rampant inflation in America because …
blablablablabla… there was inflation, and it was tamed by raising rates. You haven’t invalidated a word I said. You just added irrelevant historic details that we all know.
meaningless, completely and utterly meaningless, as long as the government continues to pay the extremely low interest rates on that debt it is a safe way
Well, if you know anything in math, you’ll know how to fit an exponential function to the amount of debt, which will lead to hyper inflation eventually. So, everything is great! Keep it up! And like I said in another comment before you cried: You deserve to be hungry on the streets for thinking that this is the right way to run a currency. You’ll end up like Venezuela soon enough when no one trusts your shitty bonds anymore.
and lastly, your entire post has shown a staggering lack of even any fundamental economic history
blablablabla… you confirm my information in every response, add nothing but irrelevant historic details, then claim that I don’t know the irrelevant details that you said, which I do know.
This is why I keep saying: no one here is capable of holding a real discussion in good faith. Go fuck yourself.
Alright, Mr. Dunning. Ditto. Very productive.
Great job! I guess prices will fall back to where they were 3 years ago… no wait, they won’t, right? I mean, after all this inflation RATE being high, the prices will remain high, and will still increase after this spike, and we’re kissing Jerome Powell’s balls not to hike federal fund rates higher because the economy is so subtle that things can… break? Like we “never seen before”? https://www.reuters.com/markets/europe/bank-england-buy-long-dated-bonds-suspends-gilt-sales-2022-09-28/
I mean, back then with Paul Volcker in the 70s we did like 20% rate hike… and now we can’t even go to 6% without destroying the whole world’s economy.
But hey everyone… don’t worry! we’re back at ~3%!!!
Government debt is at 33 Trillion, and the government is struggling to pay the interest of that debt, leave alone the debt itself…
But hey everyone… don’t worry! we’re back at ~3%!!!
I believe at this point I’ve shown who’s talking out of their ass and using unilateral self-constructed imaginations to justify economic history that can be summarized with “everything politicians are doing is perfect, and greeeeeeeeeed is why I’m miserable”. Excuse me that I don’t give to shits what you think. You have no idea what you’re saying when you think that “3%” means that “everything is OK”. You will remain miserable, and I will laugh more seeing you miserable, because you deserve it, 100%. Every bit of it. You chose those who did it. Enjoy!
tell me you don’t know how economics work, without telling me you don’t know how economics work:
we will never see any meaningful deflation, since that’s about as dangerous as Venezuela style runaway inflation. it literally freezes markets, causes massive layoffs that make the covid era look humane, and stops all investment. 3% is a healthy annual level of inflation for any developed economy.
the 20% was for a span of a few months during an era of rampant inflation in America because the dollar was overvalued after WW2 and the late 60s-70s saw it come to its actual market value after being artificially driven up by the new industrial demand for gold and the “gold standard” (something I find funny is that Libertarians rave about the gold standard but, then ignore the fact that they just abstract the fiat to the metal, and then tie the value of the money to the new fiat currency), and all of this during a global financial crisis… but that wasn’t covered in the fun libertarian cartoon you watched eh?
meaningless, completely and utterly meaningless, as long as the government continues to pay the extremely low interest rates on that debt it is a safe way (for overwhelmingly Americans btw) to safely store assets long term, but like all libertarians you will ignore how state financing works because you believe we should live in a world ruled by the free market or some shit like that.
and lastly, your entire post has shown a staggering lack of even any fundamental economic history outside a few fun facts you might find on the bottom of libertarian Snapple caps, this is how economics works, I recommend you look into some macroeconomics.
tell me you’re a Keynesian who thinks that anything I say is demanding deflation without telling me that with this bullshit response that is again, like your other response, a red-herring.
Yet people are paying the price because of government recklessness and money printing.
blablablablabla… there was inflation, and it was tamed by raising rates. You haven’t invalidated a word I said. You just added irrelevant historic details that we all know.
Well, if you know anything in math, you’ll know how to fit an exponential function to the amount of debt, which will lead to hyper inflation eventually. So, everything is great! Keep it up! And like I said in another comment before you cried: You deserve to be hungry on the streets for thinking that this is the right way to run a currency. You’ll end up like Venezuela soon enough when no one trusts your shitty bonds anymore.
blablablabla… you confirm my information in every response, add nothing but irrelevant historic details, then claim that I don’t know the irrelevant details that you said, which I do know.
This is why I keep saying: no one here is capable of holding a real discussion in good faith. Go fuck yourself.