Careful now, he may defect via Starship and get full funding to spread Xi Jinping thoughts to a Mars colony.
American Economics Thread
- Thread starter Bernard
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Careful now, he may defect via Starship and get full funding to spread Xi Jinping thoughts to a Mars colony.
He would be singing the Chinese poet "相煎何太急" in jail all the time. He has prepared for this.
Probably working as planned. Where is the American freedom convoy now?
Biden admin is finished in two years.
Democrats are also going to be finished in this year's mid-term Congress elections
Such individualist. Very rugged. Wow.
Ray Dalio's meter put USA at 30% risk of civil war when he published his book last year. It's probably at 45% now?
It is funny thing is that Trump probably is partly to blame for the inflation. However, Biden and the Fed should have ended the stimulus and the liquidity long time ago before rent and real estate prices went out of control. Lawrence Summers has warned him not to further stimulate the economy and focus upon fighting the inflation. However, Biden and many Americans were brainwashed by the new modern monetary theory. Alan Greenspan, "The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default."
MMT was doable because the rise of China that helps keeping inflation low, the fall of SU making the US dollars de facto world currency and the technological revolution after the end of cold war ended. After the US keeps abusing its financial powers, people have started to lose faith in dollars. China is no longer exporting deflation. Technological revolution has come to a slowdown. Free trade is no longer a popular idea that has hindered the efficiency of allocation of money and investment. Just look at the chips shortages, if the US didn't sanction China, China would be able to quickly expand its chips manufacture and resolve the shortage in no time.
MMT was doable because the rise of China that helps keeping inflation low, the fall of SU making the US dollars de facto world currency and the technological revolution after the end of cold war ended. After the US keeps abusing its financial powers, people have started to lose faith in dollars. China is no longer exporting deflation. Technological revolution has come to a slowdown. Free trade is no longer a popular idea that has hindered the efficiency of allocation of money and investment. Just look at the chips shortages, if the US didn't sanction China, China would be able to quickly expand its chips manufacture and resolve the shortage in no time.