What's new
US Message Board 🦅 Political Discussion Forum

Register a free account today to become a member! Once signed in, you'll be able to participate on this site by adding your own topics and posts, as well as connect with other members through your own private inbox!

Profit not inflation

bripat9643

Diamond Member
Joined
Apr 1, 2011
Messages
149,299
Reaction score
35,616
Points
2,180
Nope, I have been railing against debt and spending since the days of Reagan no matter which party is doing it.

You fall down and worship your fucking party when they spend more and more and more and more.
We know you've always been a lefty. What else is new?

If Republicans actually did cut spending, you would be the first to rail against them. You probably did rail against them when they shut down the government to get the Dims to agree to spending cuts
 

jc456

Diamond Member
Joined
Dec 18, 2013
Messages
106,085
Reaction score
15,681
Points
2,180
As long as you don't mind paying for it.
all it does is provide additional wage money for jobs, removes people from welfare. And you must think that's a bad thing.
 

jc456

Diamond Member
Joined
Dec 18, 2013
Messages
106,085
Reaction score
15,681
Points
2,180
The last time we did it during the great recession.
there wasn't inflation until injections started. FDR is king of the inflation bug.
 
OP
pknopp

pknopp

Diamond Member
Joined
Jul 22, 2019
Messages
39,248
Reaction score
12,502
Points
1,510
I think you did not read the entire article

This for instance:

“ The most important reason why both companies and workers are earning more than they did in February 2020, even though the economy’s been through a record-busting recession since then, is America’s Covid-era fiscal policy. Ample support for households meant their incomes actually rose, an unprecedented outcome in a slump, so they bought more stuff from businesses too.”

Biden (and trump to a lesser extent) has dumped unearned dollars into the economy and created an artificial demand that cannot be sustained

And yet I've covered that multiple times.
 

jc456

Diamond Member
Joined
Dec 18, 2013
Messages
106,085
Reaction score
15,681
Points
2,180
No, it provides additional dividend money for investors.

So you don't mind inflation?
investors could be workers. Again, you aren't for working middle class succeeding.
 

bripat9643

Diamond Member
Joined
Apr 1, 2011
Messages
149,299
Reaction score
35,616
Points
2,180
Spending money on defense is the absolute worse thing you can do with federal tax revenues. It inevitably results in a multiplier of less than one. Honestly, it works the same way for your personal budget. Let's say you have a thousand bucks. You could spend it on a new AR-15. You might feel a little safer, but you will contribute absolutely nothing to your earnings capacity. You could buy a new zero turn lawnmower. You could mow your yard in half the time and devote that time saving to other ventures. That would increase your earnings capacity. Let's say that is like infrastructure spending. It saves "time", and after all, time is money. Or, you could spend that thousand dollars on a certification course that increases your value on the labor market and makes you more money. Just like on a personal basis, spending on education provides the most "bang for the buck" when it comes to public spending and returns the greatest multiplier.
The so-called "multiplier" is a Keynesian hoax. It doesn't exist. Who cares about the rest of your blather?
 

jc456

Diamond Member
Joined
Dec 18, 2013
Messages
106,085
Reaction score
15,681
Points
2,180
Nothing if you believe Wall Street should run the country.
well the current president and congress aren't doing a good job so why not?
 

bripat9643

Diamond Member
Joined
Apr 1, 2011
Messages
149,299
Reaction score
35,616
Points
2,180
You are the fascists. Banning stock options and other incentives based on stock prices is not telling someone how much they can make. It is about banning conflicts of interest.
Where's the conflict of interest? The CEO receiving stock options has the same interests as other stockholders.
 

bripat9643

Diamond Member
Joined
Apr 1, 2011
Messages
149,299
Reaction score
35,616
Points
2,180
The government borrows money by selling Treasuries. If the government borrows four trillion dollars that means someone purchased four trillion dollars worth of Treasuries. How is that creating money?
The Fed creates the money out of thin air, dumbass.
 

colfax_m

Diamond Member
Joined
Nov 18, 2019
Messages
37,077
Reaction score
14,045
Points
1,465
investors could be workers. Again, you aren't for working middle class succeeding.
Could be! But let's not fool ourselves. The vast majority of the investors are wealthy individuals or wealthy institutions. It's simply reality.

But hey, if you don't mind inflation to keep their wallets fat, then that's fine.
 

Winston

Gold Member
Joined
Dec 29, 2016
Messages
3,753
Reaction score
1,688
Points
210
Location
North Carolina
The so-called "multiplier" is a Keynesian hoax. It doesn't exist. Who cares about the rest of your blather?
The multiplier exists and can be calculated. Keynes had it right all along. It is the stupid supply siders that have been conning the American public for the last half century. The proof is right there for anyone willing, and intelligent enough, to seek it out.
 

Darkwind

Diamond Member
Joined
Jun 18, 2009
Messages
30,070
Reaction score
12,496
Points
1,600
You guys really need to learn what Yahoo is and isn't.
No, I know what yahoo is without a doubt. It is YOU who needs to stop making excuses for the bias confirmation websites that you claim are real information services.
 

Darkwind

Diamond Member
Joined
Jun 18, 2009
Messages
30,070
Reaction score
12,496
Points
1,600
It is not biased as you do not make the final determination.
Moron. The majority of use who are not leftwing nutjobs DO get to make that final determination.

I would count yahoo right up there with Babylon bee.
 

bripat9643

Diamond Member
Joined
Apr 1, 2011
Messages
149,299
Reaction score
35,616
Points
2,180
The multiplier exists and can be calculated. Keynes had it right all along. It is the stupid supply siders that have been conning the American public for the last half century. The proof is right there for anyone willing, and intelligent enough, to seek it out.
Keynes was a buffoon, but he told politicians what they wanted to here. To wit, that government debt is a good thing,.
 

jc456

Diamond Member
Joined
Dec 18, 2013
Messages
106,085
Reaction score
15,681
Points
2,180
Could be! But let's not fool ourselves. The vast majority of the investors are wealthy individuals or wealthy institutions. It's simply reality.

But hey, if you don't mind inflation to keep their wallets fat, then that's fine.
they invested money and are rewarded, again, could be stock sharing programs within the company that everyone buys into. Again, you have issue with that. strange.
 

USMB Server Goals

Total amount
$120.00
Goal
$350.00

Most reactions - Past 7 days

Forum List

Top