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Thread: Economics Thread

  1. #1561
    Expects Yuge Games nsacpi's Avatar
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    I hear a lot of politicians say go big to get the economy going.

    I think we should go really big. And finance it by monetizing the new debt created.

    My 3 part proposal.

    1) A $10,000 check for every man, woman and child.

    2) Order the Fed to directly buy all the bonds needed to finance it.

    3) The checks go out when R naught drops below 0.5 for the country.

    This last part is important for 2 reasons. One is it rewards the people for an important accomplishment. Second the fiscal multiplier is depressed so long as people feel unsafe. This ties the timing of the stimulus to an important milestone as far as safely opening up the economy goes. It gives us all something to work toward.

    It is likely this plan will generate some inflation. But that is a relatively small consideration given the problems it would resolve.

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    Quote Originally Posted by nsacpi View Post
    I hear a lot of politicians say go big to get the economy going.

    I think we should go really big. And finance it by monetizing the new debt created.

    My 3 part proposal.

    1) A $10,000 check for every man, woman and child.

    2) Order the Fed to directly buy all the bonds needed to finance it.

    3) The checks go out when R naught drops below 0.5 for the country.

    This last part is important for 2 reasons. One is it rewards the people for an important accomplishment. Second the fiscal multiplier is depressed so long as people feel unsafe. This ties the timing of the stimulus to an important milestone as far as safely opening up the economy goes. It gives us all something to work toward.

    It is likely this plan will generate some inflation. But that is a relatively small consideration given the problems it would resolve.
    Where is the part where Trump cuts taxes again
    Forever Fredi


  3. #1563
    Expects Yuge Games nsacpi's Avatar
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    Quote Originally Posted by The Chosen One View Post
    Where is the part where Trump cuts taxes again
    Ha. He can call it a tax cut if he wants.

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    if my thought dreams could be seen goldfly's Avatar
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    well, freedom boy has his answer on debt and what republicans plan for it is


    just go bankrupt
    "For there is always light, if only we are brave enough to see it. If only we are brave enough to be it." Amanda Gorman

    "When Fascism comes to America, it will be wrapped in the flag and carrying a cross"

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    Not sure what you're referring to

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    "For there is always light, if only we are brave enough to see it. If only we are brave enough to be it." Amanda Gorman

    "When Fascism comes to America, it will be wrapped in the flag and carrying a cross"

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    I'm shocked the calls for socialism will get louder after a government mandated forced global depression

    Shocked that this pandemic will be used to permanently strip freedom

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    Last we heard you were still housebound.
    Still the case ?
    Mask in public ?

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    Quote Originally Posted by 57Brave View Post
    Last we heard you were still housebound.
    Still the case ?
    Mask in public ?
    I took a week to the mountains last week and it was glorious.

    Now it's back to house arrest. With no end in sight

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    if my thought dreams could be seen goldfly's Avatar
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    yes

    the known communist Mark Cuban
    "For there is always light, if only we are brave enough to see it. If only we are brave enough to be it." Amanda Gorman

    "When Fascism comes to America, it will be wrapped in the flag and carrying a cross"

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    One interesting tidbit in today's GDP report. The personal savings rate jumped from 7.6% in Q4 to 9.6% in Q1. I suspect we'll see another large increase in Q2.

    We've had both a supply shock and demand shock to the economy. The jump in the savings rate is consistent with my intuition that the demand shock is the more important factor at work. When people are scared and uncertain they pull back.

    Helping people to feel safer and more secure is a prerequisite imo to getting the economy going again.
    "I am a victim, I will tell you. I am a victim."

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    http://appalachianmagazine.com/2020/...SxTwB2-Wn_3UuM





    Perhaps even worse, what about the unfortunate high school seniors? Right now, the biggest sympathy they are getting is because they’re not going to have a prom or maybe even a graduation, but our hearts should truly break for them as they prepare to enter a workforce that frankly doesn’t need them or even want them.
    The best way to stop a bad guy with a gun is to make sure he doesn’t get a gun.

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    The best way to stop a bad guy with a gun is to make sure he doesn’t get a gun.

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    "For there is always light, if only we are brave enough to see it. If only we are brave enough to be it." Amanda Gorman

    "When Fascism comes to America, it will be wrapped in the flag and carrying a cross"

  16. #1575
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    Quote Originally Posted by goldfly View Post
    We would have never become the rich and prosperous country because rich people would have never had the motivation to become rich in the richest country on Earth. They would have moved to China or Canada or Mexico to start their fortunes.
    Forever Fredi


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    Peter Daou
    @peterdaou
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    22m
    High school teacher gets his first bill for #coronavirus treatment:

    $840,386.94

    EIGHT HUNDRED AND FORTY THOUSAND DOLLARS



    https://www.thedenverchannel.com/new...ore-on-the-way
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    How in the hell would you federally guarantee jobs?
    Ivermectin Man

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    Quote Originally Posted by 57Brave View Post
    Peter Daou
    @peterdaou
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    22m
    High school teacher gets his first bill for #coronavirus treatment:

    $840,386.94

    EIGHT HUNDRED AND FORTY THOUSAND DOLLARS



    https://www.thedenverchannel.com/new...ore-on-the-way
    Ugh.

    Read that article and you’ll see that the patient isn’t expected to be responsible for any amount of that bill.

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    It sure seems like Trump and the FED are manipulating the stock market. What's gonna happen when they take their toe of the scale?
    FFF - BB, BB, 2B, HR, 2B, HR, 1B, BB, BB, 1B, BB, BB, HR

  22. #1580
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    Quote Originally Posted by Runnin View Post
    It sure seems like Trump and the FED are manipulating the stock market. What's gonna happen when they take their toe of the scale?
    please explain how they would manipulate the stock market. Curious to hear your response.
    Natural Immunity Croc

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