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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: steve harris who wrote (753020)	11/20/2021 2:06:21 PM
From: skinowski	5 Recommendations Recommended By i-node kckip lightshipsailor pheilman_ steve harris Read Replies (1) \| Respond to of 793921

I think severe inflation is just a slow form of defaulting — slow enough for the politicians that caused it to find whom to blame and to escape responsibility. That comes at the cost of much suffering. The Israelis learned something from their hyperinflation of the ‘70s - 80’s. They changed away from the socialistic mindset - and more towards entrepreneurship and capitalism (thanks to Netanyahu). The result was that after the dust settled, they entered a long period of success and prosperity. Most countries learn nothing. Argentina is a good example. They blow out their monetary system, like, every few decades.

To: steve harris who wrote (753020)	11/20/2021 2:21:25 PM
From: fred woodall	18 Recommendations Recommended By Alan Smithee burlegoat DinoNavarre Follies garrettjax and 13 more members Read Replies (1) \| Respond to of 793921

For the record, prior to the red China virus, Trump leadership had this economy running on all cylinders. If that virus never was, this country was on the verge of expansion never witnessed in our history. Grow out of the debt was Trump’s plan. It would have worked! We as a country once again got leadership when we really needed it, only we as a whole, pissed it away.

To: steve harris who wrote (753020)	11/20/2021 7:32:42 PM
From: sm1th	2 Recommendations Recommended By steve harris TimF Read Replies (2) \| Respond to of 793921

some believe inflating our way out of debt is the only way...... How high does inflation need to be to counter several trillions of new debt every year?

To: steve harris who wrote (753020)	11/21/2021 1:40:47 AM
From: i-node	2 Recommendations Recommended By pheilman_ steve harris Read Replies (1) \| Respond to of 793921

I've always heard that idea coming from the left. I think bitcoin threatens to put the brakes on that theory in short order.

To: steve harris who wrote (753020)

11/21/2021 6:07:41 PM

From: Thehammer

3 Recommendations

Recommended By
Hank Scorpio
pheilman_
steve harris

Read Replies (2) | Respond to of 793921

some believe inflating our way out of debt is the only way......

Did wonder for the Weimar Republic

German hyperinflation of 1922–23

Mid November 1923, the Hyperinflation of the Weimar Republic reached its peak. Due to Germany’s obligation to pay large reparations after World War I, a hyperinflation was induced reaching its peak in November 1923, when the American dollar was worth 4,210,500,000,000 German marks.

Of Course we are looking a lot like Germany but that is about a decade later.