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Some assets are very much like cash. You're making a big deal out of nothing.
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I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett Kavanaugh -
btw, there is a reason people call it cash, not money.I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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I assume moron is a downgrade from '****...
Anyway, re: the long-term problem, I'm not terribly optimistic that we're going to enact sensible reforms. Based on what I've seen over that past ~8 years I've really been paying attention to our government, I see little reason to believe a grand compromise (entitlement cuts, military cuts, tax increases & tax reform) is achieveable. I really hope I'm wrong.
-Arriangrog want tank...Grog Want Tank... GROG WANT TANK!
The trick isn't to break some eggs to make an omelette, it's convincing the eggs to break themselves in order to aspire to omelettehood.Comment
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Re: the 2003 Krugman article, he notes:
Isn't his current fear that Japanese-style deflation?unless we slide into Japanese-style deflation, there are much higher interest rates in our future.
-Arriangrog want tank...Grog Want Tank... GROG WANT TANK!
The trick isn't to break some eggs to make an omelette, it's convincing the eggs to break themselves in order to aspire to omelettehood.Comment
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Yes, because money includes bank deposits which aren't cash.Originally posted by Kidicious View PostJon Miller: MikeH speaks the truth
Jon Miller: MikeH is a shockingly revolting dolt and a masturbatory urine-reeking sideshow freak whose word is as valuable as an aging cow paddy.
We've got both kindsComment
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It's more than that.Originally posted by MikeH View PostI drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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This is the nub of the issue. You say it is, I thought it was. I was wrong too.Jon Miller: MikeH speaks the truth
Jon Miller: MikeH is a shockingly revolting dolt and a masturbatory urine-reeking sideshow freak whose word is as valuable as an aging cow paddy.
We've got both kindsComment
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You're thinking about what is called the money supply. These are all just terms used for accounting. Which is why it's stupid to keep arguing about them like this.Originally posted by MikeH View PostI drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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And yet you can't stop.Jon Miller: MikeH speaks the truth
Jon Miller: MikeH is a shockingly revolting dolt and a masturbatory urine-reeking sideshow freak whose word is as valuable as an aging cow paddy.
We've got both kindsComment
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Just submit.Jon Miller: MikeH speaks the truth
Jon Miller: MikeH is a shockingly revolting dolt and a masturbatory urine-reeking sideshow freak whose word is as valuable as an aging cow paddy.
We've got both kindsComment
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Should he refer to you as master?Originally posted by MikeH View PostI make no bones about my moral support for [terrorist] organizations. - chegitz guevara
For those who aspire to live in a high cost, high tax, big government place, our nation and the world offers plenty of options. Vermont, Canada and Venezuela all offer you the opportunity to live in the socialist, big government paradise you long for. –Senator RubioComment
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No, you dolt, I'm explaining why the creation of assets which are not fixed in cash value doesn't have the same implications for inflation as does the creation of moneyOriginally posted by Kidicious View Post12-17-10 Mohamed Bouazizi NEVER FORGET
Stadtluft Macht Frei
Killing it is the new killing it
Ultima Ratio RegumComment
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Of course he'd probably say the financial situation now (meaning post crash) was very different then during the bubble years. In fact he's been pointing out those differences for years now.
I can think of one difference between 2003 and today that completely explains Krugman's 180 on this issue.KH FOR OWNER!
ASHER FOR CEO!!
GUYNEMER FOR OT MOD!!!Comment
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That couldn't possibly be it. Why would such a well respected economist let such a thing affect his interpretation of date?I make no bones about my moral support for [terrorist] organizations. - chegitz guevara
For those who aspire to live in a high cost, high tax, big government place, our nation and the world offers plenty of options. Vermont, Canada and Venezuela all offer you the opportunity to live in the socialist, big government paradise you long for. –Senator RubioComment
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