Social Security Strategy
03-12-2015 | 09:40 AM
#11
On Reserve
Joined: Jan 2014
Posts: 19
Likes: 0
In the long run we are all dead
Your big numbers don't mean a thing. The national economy isn't your wife's checkbook. As Nixon said, we're all Keynesians now. It's been that way for three decades. Like it or not, the amount of debt is immaterial. It's entirely possible that the Keynesian machine is engulfing the global economy. Which, back to the point, means social security isn't going anywhere, it'll just have a more "shocking" number attached to it. Read a book. You're a Keynesian soldier in the national economic army. I don't like it either, but that's how it is
03-12-2015 | 11:17 AM
#12
With The Resistance
Joined: Jan 2006
Posts: 6,191
Likes: 0
From: Burning the Agitprop of the Apparat
Your big numbers don't mean a thing. The national economy isn't your wife's checkbook. As Nixon said, we're all Keynesians now. It's been that way for three decades. Like it or not, the amount of debt is immaterial. It's entirely possible that the Keynesian machine is engulfing the global economy. Which, back to the point, means social security isn't going anywhere, it'll just have a more "shocking" number attached to it. Read a book. You're a Keynesian soldier in the national economic army. I don't like it either, but that's how it is
Great, all of our troubles are over, we can just have the gov print us each 100 million in fresh hundreds. After all, debt is meaningless.
The real debt exceeds 200 trillion including the present value of all social programs. Massive changes will eventually be forced on the world, but it won't be politicians doing it,it will be economic reality.
Keynes was careful to point out debt was acceptable during hard times but should be reduced under prosperous conditions. A simple and key fact ignored for the last few decades.
May I suggest a few books from the Austrian School of Economics if you really want to know the only possible ending ahead for our current situation.
Last edited by jungle; 03-12-2015 at 11:27 AM.
03-12-2015 | 01:30 PM
#13
On Reserve
Joined: Jan 2014
Posts: 19
Likes: 0
Great, all of our troubles are over, we can just have the gov print us each 100 million in fresh hundreds. After all, debt is meaningless.
The real debt exceeds 200 trillion including the present value of all social programs. Massive changes will eventually be forced on the world, but it won't be politicians doing it,it will be economic reality.
Keynes was careful to point out debt was acceptable during hard times but should be reduced under prosperous conditions. A simple and key fact ignored for the last few decades.
May I suggest a few books from the Austrian School of Economics if you really want to know the only possible ending ahead for our current situation.
The real debt exceeds 200 trillion including the present value of all social programs. Massive changes will eventually be forced on the world, but it won't be politicians doing it,it will be economic reality.
Keynes was careful to point out debt was acceptable during hard times but should be reduced under prosperous conditions. A simple and key fact ignored for the last few decades.
May I suggest a few books from the Austrian School of Economics if you really want to know the only possible ending ahead for our current situation.
I'm glad to see, though, that not everyone on this site is a moron. I was beginning to wonder!
03-14-2015 | 05:44 PM
#15
Gets Weekends Off
Joined: Nov 2009
Posts: 5,510
Likes: 110
05-21-2015 | 04:42 AM
#18
Gets Weekends Off
Joined: Sep 2007
Posts: 114
Likes: 0
Petrodollar
While I do not agree with the fed's current monetary policy, the printing party will and can continue as long as the US has the world reserve currency. The petrodollar cycle also explains our interventionalist foreign policy and hostile relationship with Russia and China. As long as we live in a world economy that is carbon based and oil is priced in dollars, our "prosperity" will continue unabated.
Zimbabwe, The Wiemar Republic, and Argentina are all poor comparisons to the US because they never had control of the world reserve currency.
Zimbabwe, The Wiemar Republic, and Argentina are all poor comparisons to the US because they never had control of the world reserve currency.
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