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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: bruwin who wrote (1123238)	3/9/2019 8:41:48 AM
From: RetiredNow	1 Recommendation Recommended By TideGlider Read Replies (1) \| Respond to of 1573065

bruwin, that wasn't really MMT or money printing in the modern sense. That was more like what Keynes espoused, which was increase the money supply in bad times and decrease it in good times. What Guernsey did was essentially borrow from the future by creating debt notes. Then when the economy grew, they paid back the debt notes. That is also what corporations do. They borrow money or issue shares to grow and then they pay back the debt or buy back the shares with the cash flows they generate from that growth. As an aside, that's why it is absolutely stupid to put limits on corporations buying back stock. That would be like legislating that people are not allowed to pay back debt. Our leaders are absolute idiots when it comes to business. Anyway, the Guernsey experiment is absolutely not what the modern idiots and Socialists are proposing. What the modern morons want is to print money or run massive deficits through debt growth with NO INTENT to paying it back or shrinking the money supply in the future. Think about what the Fed has done. They did massive QE and then made a half hearted attempt to shrink it back in good times, but now they're about to put an end to that and we're nowhere near where we were when it started. Same with interest rates. The 30 year decline in interest rates is nothing more than a borrowing from future growth. All of these things (interest rates in terminal decline, endless QE, MMT, endless growth in debt) are nothing more that borrowing from the future growth to live better today with NO INTENT to pay back the future. In sum, what our idiotic leaders have done is impoverish future generations so we can live better today. Since we have no plan to pay the future back, this has become nothing more than a house of cards and it will eventually result in a massive collapse and a destruction of our currency and economy. It's just taking longer in the US than in Zimbabwe because we have the reserve currency and we are so massively wealthy. It took hundreds of years for the Roman Empire to collapse. It is taking decades for the US to collapse, but it's happening. So don't get enamored of these foolhardy policies. They are not only immoral in the ruin they bring to our children's generation, but they are simply stupid and unsustainable. Even Keynes knew better. He always advocated for paying debt down and shrinking the money supply in good times. Our politicians conveniently forget that part of the cycle.