Don’t forget about the environment & inflation. Nothing better for the environment & inflation than blowing crap up in eastern Europe & western Russia.
If we thought Greta Thunberg could give a strong stink eye over environmental concerns before lets see what she does when she gets “tit for tat” whiffs of small tactical nuke air. Ain’t no Paris Accord going to fix that. All that planning, recycling, energy saving, talking & sacrificing for that Paris Accord will have been for naught.
Biden (the people putting words into his empty head) have already told the Russians that if they use a nuke in Ukraine, the US Air Force will use conventional weapons to sink every Russian ship and wipe out their air defenses and air bases in proximity to Ukraine the next night.
It would be similar to what the Israelis did to Iran, but on a much larger scale. I don’t doubt that we could do it. Neither does Putin.
If Putin ordered the use of nukes, his own generals would probably kill him. Putin knows that too.
The Russian government is on the cusp of another revolution and another fall of the Soviet Empire.
That’s precious. While some are justifying their version of reality with semantics featuring old new surplus vs new old surplus and trying to justify the US supplying Ukraine with its arsenal as a benefit to the US. I suggest you take a cold hard look at the wealth being stolen out of the American taxpayer’s pockets.
The US has already transferred $44 Billion of US treasury to Ukraine with another $70 Billion in the pipeline. American taxpayers suffer because of the outgoing regime’s witless policies of solving every crisis by printing more money only serves to push rates of inflation to unprecedented levels and the national debt to unserviceable numbers.
The Ukraine war is a massive money laundering operation that only serves the US military industrial complex and the politicians of both countries in the form of kickbacks.
Please explain how that is helping our economy.
{sarcasm}
Scroll up to post 17.
I agree on all your points but the quote above. Printing money doesn’t cause inflation. Increasing debt has been going on since the end of WW II. The largest percentage increase was during Reagan at 160%, Bush at 72%, Obama at 64%, Trump at 33% and Biden at 16%. These debts [bonds] are serviceable. Insurance companies, pensions, state and local governments as well as foreign governments own them, Japan is the biggest.Many of the debts are owned by the US with Social Security being the biggest last time I checked. Budget deficits? That’s another matter
Who has given most aid to Ukrain since the Russian full scale invasion?
That has varied by month, by type of aid and in terms of % of GDP.
Here is the best available trackers of all the above:
I have found it is near impossible to convince most folks that the US economy is absolutely nothing at all like a household.
It is a very very important concept, and people’s lack of understanding how monetary policy actually works has significant adverse effects on us as a society
The US government does not need $1 of tax money to buy anything. The US government can buy anything in the market denominated in $ with a key stroke on a computer
This lack of understanding is used by politicians on both sides either with knowledge or with ignorance to change the fundamental questions we ask
With every proposal the first that gets asked now is “How are we going to pay for it “. When the question and real debate is should we do this.
I understand this kind of a rant - but this issue is kind of my windmill to slay
Most people will never understand that a government is not like a household. The average household cannot change the wages they will be paid by demanding by law their wages will be increased, governments can. Governments out live households and have for a forever time frame. It is apples and oranges.
A quick thought experiment on what $ actually are:
I get 20 of you in a room , and I tell you all I will give you 1 of my business cards for every 5 pushups you do
Everyone laughs- no one does a push up
Now I point to the mean looking guy at the door holding an m16, and I tell you it you don’t hand him 5 of my business cards he will shoot you in the face
Those who can start doing pushups, those who can’t start bartering with those who can to get my business cards
I have monopoly control of my business cards, you can only get them from me. The government has monopoly control of $
I made an unavoidable demand for having my business cards- the government does this with taxes- you can only pay your tax liabilities in $.
That monopoly control and unavoidable demand for is the heart of what money is
Minor correction- I have monopoly control of the source of my business cards- once I give them to someone- then that someone can do whatever they want to with the ones they don’t need to stop getting shot in the face.
Economics 101: Increasing the money supply by printing money causes inflation. As more dollars are printed and circulated, the purchasing power of those individual dollars decreases.
Some people who don’t have the wherewithal to contribute any value to a discussion by using logic resort to slinging memes instead. Is that you?
Those aren’t memes, they are old photos.
They are photos of people who thought like you the last time someone wanted to take over Europe.
With a the exception of a few years we have been deficit spending since, well forever
In all of this deficit spending we have had a very stable level of inflation of give or take a healthy 3 percent. There have been 2 major exceptions- one caused primarily by energy prices during the oil crisis in the late 70’s and one primarily driven by supply of goods and supply chain disruptions post a worldwide epidemic
So while your 101 is conventional wisdom- it is not supported by the data
Don’t get me wrong, government spending can be inflationary, but only if the private sector is at full employment and maximum utilization of the factors of production, then the government is competing with the private sector- instead of stimulating it which would be inflationary
Your presumption that you know how I think explains the constipated mindset that would resort to memes, ah, excuse me “photos” as opposed to expressing a dissenting point of view using logic or facts.
I anxiously await the next glib photographic evidence you provide in support of your ability to read minds.
PS You can call me names if it’s more cathartic.
You can read this thread I have posted quite a few words.
You seem a little sensitive, why is that.
Me, sensitive? You should see the last guy who called me that. /h
OK Rambo
/h stands for… oh forget it
