American Economics Thread

[DarkStar]

Hispanics were always an ethnic, not a racial group on the Census. Even ignoring that, your claim that the rapid "South Americanisation" of the United States is going to be a hinderance on US growth prospects is empirical nonsense. Whether they are white supremacists is irrelevant for discussions of US capabilities.

Really? How many successful racial supremacist states are there in existence?

Uh..no. BLM/Woke-ism is a GOP talking point to get votes. Personal life satisfaction is very high in the United States. There isn't any "tearing the country apart".

Sounds like you live in a gated community, far, far away from the chaos and shit going on in the lives of other americans.

Business lobbies, they exist. It's not particularly shocking. The corporates aren't traitors. They want to advance their own interests.

A few tips to you going forward
1. Data, it wouldn't hurt you (i.e., Hispanics aren't a drag on growth)
2. Learn the significance of things. Business lobbies writing a letter and FOX News saying crazy things are standard things, not noteworthy.

So why are you ignoring my other sources, data wouldn't hurt you, y'know; and why did you ignore the fact that Brrr Brrr JPOW money printing and hyperinflation threatens to castrate US recovery?

All of that means traitor americans are going to force the great white anglo american to kowtow to the superior Han Chinese. Cotton and Pompeo may be forced to become eunuch slaves to satiate the oriental despot.

3. Race has limited (to none) applicability in discussions of future US prospects.

Yes, yes that's why US college never discriminate based on race.

Regardless, get ready fo wheel out them wheelbarrows next time you need to buy a quart of milk.

 

[Jiang ZeminFanboy]

As I was saying, money printing (fiscal & monetary) is free and has no risks to inflation or financial stability but is leading to a booming employment market and record economic growth all the while the Chinese SME sector, wages and growth flounder. @DarkStar should update his priors on American resilience. It's only going to get even better with the infrastructure + social packages currently working their way through Congress now with even more fiscal expansion

https://twitter.com/i/web/status/1424452206573522945

MMT is theory for the rich.

 

[DarkStar]

MMT is theory for the rich.

There's actually a very interesting point Pulitzer Prize winner Chris Hedges said of the rise of the Christian Fascists in America who hate the poor and love money:

To these Christian Fascists ie Cotton, Pompeo et al, white supremacy is the guiding principle of the United States

 

[Gatekeeper]

Who in Gods name can live on 15 dollars an hour and be able to pay rent along with everyday expenses. And all those infrastructure packages is not going to accomplish anything if they don’t have the time nor the labor resources to build all that infrastructure in literally a year or less when they do need them most, not to mention their is a super drought going on that right now on the west coast unless the USA builds at least 3 more desalination plants right now to counter the fact that they need lots of water to deal with the west coast population and the agriculture industry that is growing the majority of the food in the USA and deal with the wild fires that is literally burning towns down right now, all that infrastructure won’t save the USA from a massive food shortage crisis.

Money printing has consequences as well, have you been to the super market lately and see the food prices go up along with the food shortages on the shelf. You can have trillions of dollars of wealth but that won’t matter if their is no more pork on the shelf due to everyone panic buying them up and in the even they try to use the US dollars to buy foods from other countries, they will be not so willing to feed the entire USA when they have there own needs to deal with first and hence they will eventually reject those dollars. On paper, the economy is booming but on Main Street where it truly matters, the economy is dying fast because so many people would prefer to stay at home of stimulus money and not work for a low wage job that pays only 15 dollars an hour, a sum I am convinced will ensure that neither me nor my wife will be able to live on at all given how much we need to use to basically live at all.

Sorry but you are simply too optimistic about the future of the USA, you seem to be ignoring all of the natural and unnatural disasters that is piling up in the USA right now that is not being adequately deal with right now, in particular the covid which is goin up in the 100 of thousands.

Really? How many successful racial supremacist states are there in existence?


Sounds like you live in a gated community, far, far away from the chaos and shit going on in the lives of other americans.

So why are you ignoring my other sources, data wouldn't hurt you, y'know; and why did you ignore the fact that Brrr Brrr JPOW money printing and hyperinflation threatens to castrate US recovery?

All of that means traitor americans are going to force the great white anglo american to kowtow to the superior Han Chinese. Cotton and Pompeo may be forced to become eunuch slaves to satiate the oriental despot.

Yes, yes that's why US college never discriminate based on race.

Regardless, get ready fo wheel out them wheelbarrows next time you need to buy a quart of milk.

MMT is theory for the rich.

Come on guys. Why are we having a debate with a student who thinks his more knowledgeable and wiser than all the Nobel prize winners in economics put together? When someone with this level of arrogant. There's nothing we can say here. He is convinced he must be right. After all, he knows more than any economists.

 

[Deleted member 15949]

Really? How many successful racial supremacist states are there in existence?

Well according to you, the United States

Sounds like you live in a gated community, far, far away from the chaos and shit going on in the lives of other americans.

I live in Houston lol.

So why are you ignoring my other sources, data wouldn't hurt you, y'know; and why did you ignore the fact that Brrr Brrr JPOW money printing and hyperinflation threatens to castrate US recovery?

Because it's not true.

All of that means traitor americans are going to force the great white anglo american to kowtow to the superior Han Chinese. Cotton and Pompeo may be forced to become eunuch slaves to satiate the oriental despot.

Uh, okay

Yes, yes that's why US college never discriminate based on race.

Affirmative action is messy but has limited macro effects

Regardless, get ready fo wheel out them wheelbarrows next time you need to buy a quart of milk.

LOL, no, 5% CPI Y/Y and 2% CAGR isn't going to cause that.

 

[Deleted member 15949]

Who in Gods name can live on 15 dollars an hour and be able to pay rent along with everyday expenses.

And all those infrastructure packages is not going to accomplish anything if they don’t have the time nor the labor resources to build all that infrastructure in literally a year or less when they do need them most,

No one thinks it's going to get done in a year but it will have substantial fiscal impacts that hit immediately.

not to mention their is a super drought going on that right now on the west coast unless the USA builds at least 3 more desalination plants right now to counter the fact that they need lots of water to deal with the west coast population and the agriculture industry that is growing the majority of the food in the USA and deal with the wild fires that is literally burning towns down right now, all that infrastructure won’t save the USA from a massive food shortage crisis.

Oh no, not a wildfire effecting random small towns and not a drought when Cal ag is less than 3% of even California's economy.

Money printing has consequences as well, have you been to the super market lately and see the food prices go up along with the food shortages on the shelf. You can have trillions of dollars of wealth but that won’t matter if their is no more pork on the shelf due to everyone panic buying them up and in the even they try to use the US dollars to buy foods from other countries, they will be not so willing to feed the entire USA when they have there own needs to deal with first and hence they will eventually reject those dollars.

LMAO, wut? US int'l trade is booming and food CPI is at 2% annualized since 2019

On paper, the economy is booming but on Main Street where it truly matters, the economy is dying fast because so many people would prefer to stay at home of stimulus money and not work for a low wage job that pays only 15 dollars an hour, a sum I am convinced will ensure that neither me nor

Wut? The US housing market is on fire

Sorry but you are simply too optimistic about the future of the USA, you seem to be ignoring all of the natural and unnatural disasters that is piling up in the USA right now that is not being adequately deal with right now, in particular the covid which is goin up in the 100 of thousands.

You have run of the mill natural disasters coupled with rapid employment growth and output growth. Yes, it's reason to be optimistic

 

[DarkStar]

Come on guys. Why are we having a debate with a student who thinks his more knowledgeable and wiser than all the Nobel prize winners in economics put together? When someone with this level of arrogant. There's nothing we can say here. He is convinced he must be right. After all, he knows more than any economists.

Oh i'm just having fun laughing at the Baghdad bob copium coming from this one; it's almost, almost on par with Jai hind levels of delusion.

But anyway, back onto the topic of the US economy, one of the most striking aspects of the infrastructure bill is that Biden's admin and Congress could be moving to regulate crypto, especially stable coins given the threat that USDT and USDC pose towards the supremacy of the US dollar.

Rumour has it the US could call for a new Bretton Woods 2.0 to try to rally the western economies around 'a New US Dollar stable coin' but i don't see China or Russia nor the EU being particularly enthused about that prospect.

 

[siegecrossbow]

Wow, 5% inflation where if you remove used cars, it goes to 3%. Really really *boring*

LMAO, I live in Houston, with both a significant Hispanic population and rapid economic growth. Hispanic populations are an asset, not a liability. California and Texas are both majority-minority. Tell me about how both states have...economic growth exceeding the national average.

Drop the exceptionalism. Everyone is hypocritical.

You read the article right? It was a nonsense disclosure plan from some lib in Manhattan and it got approved by the SEC. It requires no change in corporate governance

I agree with this. Hispanic workers are some of the hardest working people I know, especially in the construction business. They start work very early (6ish or 7ish) in the morning and sometimes even work weekends.

 

[Deleted member 15949]

Oh i'm just having fun laughing at the Baghdad bob copium coming from this one; it's almost, almost on par with Jai hind levels of delusion.

But anyway, back onto the topic of the US economy, one of the most striking aspects of the infrastructure bill is that Biden's admin and Congress could be moving to regulate crypto, especially stable coins given the threat that USDT and USDC pose towards the supremacy of the US dollar.

Rumour has it the US could call for a new Bretton Woods 2.0 to try to rally the western economies around 'a New US Dollar stable coin' but i don't see China or Russia nor the EU being particularly enthused about that prospect.

So the Congress is taking regulatory action on new products and this is supposed to be evidence of anything? Okay

 

[Gatekeeper]

I agree with this. Hispanic workers are some of the hardest working people I know, especially in the construction business. They start work very early (6ish or 7ish) in the morning and sometimes even work weekends.

I don't disagree. In my experience, immigrants of any kind, are in general the hardest workers around. BUT, when you gear from the Trumpers, they believe they are here to take their jobs, theur social security hand outs, etc. Hence. BUILD that wall!

@DarkStar

Lol. Yeah, sorry to spoil your fun. Go get him.