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Sorry?
Your solution would have been what?
Have the Market collapse and massive unemployment as a result?
You folks would be singing a different tune if that happened.
Put it wouldn't be praising Obama.
By the way both Keynes and Friedman would have advocated for something like this..
Friedman is an idiot and you don't know much about Keynes do you?
Keynes advocated counter-cyclical measures.
Do some research.
Exactly my point. And thus we find ourselves in the TOTAL mess we're in. Yes ... it had a starting point back in the day. It didn't happen over night.
Oh! Was that your point? You are really interesting.
So...for nearly a half century, the US dollar has been fake? Is our entire economy based on little more than beanie babies and Bitcoin?
Is that what you wanted to say? Funny.....you specifically mention Obama's printing press. You forgot to include his predecessors. I wonder why?
Oh! It's FDR! Our economy has been a sham since FDR?!!! Amazing!
You are so interesting!
I'm blaming Obama and his bankster friends for the current situation but I believe that the problem started with centralizing the banks and giving power over America's money to the Federal Reserve Bank. But I don't just blame Democrats. Nixon and friends also have a hand in our current mess.
I simply believe that true wealth is based on tangible, usable goods and productivity. I don't believe that printing paper money is going to solve anything. If we're going to print 1 trillion dollars to pay the bills then we may as well print 50 trillion dollars and throw a party.
Hmmmm ... how can I "fix" the economy?
Oh, I know, we can grow a money tree:
In a nutshell, that's all there really is to it. They decided to print money to pay the bills. I wish I could print money to pay the bills but that wouldn't be a realistic solution now would it?! If I printed money I would be accused of counterfeiting. Dollars are supposed to be backed by something of tangible value (silver or gold, etc.) but the money that Obama's team printed is backed by thin air.
Interesting. You seem really, really knowledgable.
What, may I ask, were our dollars backed by in the 30 years preceding thie election of Barack Obama?
Please....keep it simple for us idiots.
I simply believe that true wealth is based on tangible, usable goods and productivity. I don't believe that printing paper money is going to solve anything. If we're going to print 1 trillion dollars to pay the bills then we may as well print 50 trillion dollars and throw a party.
Hmmmm ... how can I "fix" the economy?
Oh, I know, we can grow a money tree:
In a nutshell, that's all there really is to it. They decided to print money to pay the bills. I wish I could print money to pay the bills but that wouldn't be a realistic solution now would it?! If I printed money I would be accused of counterfeiting. Dollars are supposed to be backed by something of tangible value (silver or gold, etc.) but the money that Obama's team printed is backed by thin air.
Interesting. You seem really, really knowledgable.
What, may I ask, were our dollars backed by in the 30 years preceding thie election of Barack Obama?
Please....keep it simple for us idiots.
Have you ever heard the term "Fiat Currency"?
Sorry?
Your solution would have been what?
Have the Market collapse and massive unemployment as a result?
You folks would be singing a different tune if that happened.
Put it wouldn't be praising Obama.
By the way both Keynes and Friedman would have advocated for something like this..
Friedman is an idiot and you don't know much about Keynes do you?
Keynes advocated counter-cyclical measures.
Do some research.
QE is a counter-cyclical measure.
Sorry......what has our dollar been backed by for the past 50 years again? I missed your answer.
Interesting. You seem really, really knowledgable.
What, may I ask, were our dollars backed by in the 30 years preceding thie election of Barack Obama?
Please....keep it simple for us idiots.
Have you ever heard the term "Fiat Currency"?
Yep.
Sorry?
Your solution would have been what?
Have the Market collapse and massive unemployment as a result?
You folks would be singing a different tune if that happened.
Put it wouldn't be praising Obama.
By the way both Keynes and Friedman would have advocated for something like this..
I simply believe that true wealth is based on tangible, usable goods and productivity. I don't believe that printing paper money is going to solve anything. If we're going to print 1 trillion dollars to pay the bills then we may as well print 50 trillion dollars and throw a party.
Wealth is not based on the value of a rock from the ground either.
Money is whatever people accept as money. It can be tangible or it can be fiat. It doesn't matter as long as people have confidence in it.
Have you ever heard the term "Fiat Currency"?
Yep.
That's the answer to your question....our money is "worth" whatever they say it is....except it isn't...and now it is worth less because have been creating 85 BILLION a month out of thin air for years.
Friedman is an idiot and you don't know much about Keynes do you?
Keynes advocated counter-cyclical measures.
Do some research.
QE is a counter-cyclical measure.
One example of an automatically countercyclical fiscal policy is progressive taxation. By taxing a larger proportion of income when the economy expands, a progressive tax tends to decrease demand when the economy is booming
Procyclical and countercyclical - Wikipedia, the free encyclopedia
Now after seeing the above....what would be the inverse of this....and why would a progressive Tax Policy and Gov stimulation be antithetical to an economy, ANY economy righting itself......AND knowing as we do today that Government spending does not work (the 40's) and before yo say otherwise let me show you who admitted it....
Henry Morgenthau, Jr. ( May 11, 1891 – February 6, 1967) was the U.S. Secretary of the Treasury during the administration of Franklin D. Roosevelt. He played a major role in designing and financing the New Deal.
"We have tried spending money. We are spending more than we have ever spent before and it does not work....After eight years of this administration we have just as much unemployment as when we started...and an enormous debt to boot!"[6] Indeed, the unemployment rate for 1939 was higher than the unemployment rate for 1931, but lower than 1932.[7]
Henry Morgenthau, Jr. - Wikipedia, the free encyclopedia.
It does not work....
Yep.
That's the answer to your question....our money is "worth" whatever they say it is....except it isn't...and now it is worth less because have been creating 85 BILLION a month out of thin air for years.
You ought to know by now that I rarely ask idiot nutters anything but rhetorical questions. I seldom seek information from those who have little to offer.
Now......you also have a very simple take on this matter. We do not have a fiat currency. The dollar is backed by something tangible......it just isn't a shiny metal.
Yep.
That's the answer to your question....our money is "worth" whatever they say it is....except it isn't...and now it is worth less because have been creating 85 BILLION a month out of thin air for years.
You ought to know by now that I rarely ask idiot nutters anything but rhetorical questions. I seldom seek information from those who have little to offer.
Now......you also have a very simple take on this matter. We do not have a fiat currency. The dollar is backed by something tangible......it just isn't a shiny metal.
That's the answer to your question....our money is "worth" whatever they say it is....except it isn't...and now it is worth less because have been creating 85 BILLION a month out of thin air for years.
You ought to know by now that I rarely ask idiot nutters anything but rhetorical questions. I seldom seek information from those who have little to offer.
Now......you also have a very simple take on this matter. We do not have a fiat currency. The dollar is backed by something tangible......it just isn't a shiny metal.
It is backed by the full faith of the US government. That's an intangible.
You ought to know by now that I rarely ask idiot nutters anything but rhetorical questions. I seldom seek information from those who have little to offer.
Now......you also have a very simple take on this matter. We do not have a fiat currency. The dollar is backed by something tangible......it just isn't a shiny metal.
It is backed by the full faith of the US government. That's an intangible.
Hmmmmm. Nothing to do with oil, huh?
The dollar is backed by something tangible......it just isn't a shiny metal.
It is backed by the full faith of the US government. That's an intangible.
Hmmmmm. Nothing to do with oil, huh?
No.
No dollars issued are backed by oil.
Oil is traded in dollars, as are most commodities, but that is a function of being a unit of exchange, as opposed to the Federal Reserve holding oil and exchanging oil for reserve notes redeemed.
It is backed by the full faith of the US government. That's an intangible.
Hmmmmm. Nothing to do with oil, huh?
No.
No dollars issued are backed by oil.
Oil is traded in dollars, as are most commodities, but that is a function of being a unit of exchange, as opposed to the Federal Reserve holding oil and exchanging oil for reserve notes redeemed.
