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@Greyparrot
Pure hubris.
Hopefully, seeing “TRUMP” emblazoned on his Boeing jet, his helicopter, his various hotels, etc. served as a warning about his love affair with himself.
Trump urges GOP to let catastrophic debt default happen if Dems don’t accept cuts
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@cristo71
Hopefully, seeing “TRUMP” emblazoned on his Boeing jet, his helicopter, his various hotels, etc. served as a warning about his love affair with himself.
Obviously it didn’t serve as a warning to the idiots who voted for him,
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@Vegasgiants
Increasing the debt is not correlated with rising inflation rate
Yes, that's what I just said. It's correlated with rising inflation == positive inflation rate BECAUSE the mechanism for increasing debt is borrowing from a banking system which ultimately derives its available funds through the fiat of the government.
A clear and obvious shell game where the government pays people with dollars the government authorized to be printed thus devaluing all other dollars and effectively stealing a proportion of all savings, income, and assets.
They could not do this if dollars were representations of a quantity of gold or bitcoin. They would say "oh well let's just raise the debt limit", and then when they went to borrow (via bonds) no idiot would lend them anything.
The credit rating of the federal government is entirely predicated on its ability to steal from the American people and manipulate global markets through threats and espionage. It's obvious that you won't make your money back on an organization that always borrows faster than it repays, the only reason anyone does it is because by buying government bonds they're getting in on the action (of stealing from the global economy).
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@ADreamOfLiberty
You miss the point. Every country uses debt this way.
If we had zero debt we would not be the most successful country on earth.
You leverage debt to maximize your own personal life. Successful companies do it too.
Debt can he a good thing and ours is not too large yet
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@Vegasgiants
You miss the point.
You move the goalposts. You claimed that you had proved debt didn't cause inflation because you confused inflation for its first derivative with respect to time.
Your argument was thus debunked, you have made no new argument.
Every country uses debt this way.
Any country that prints money and then wastes it on government programs with a 5% relative efficiency will see inflation caused by it. Other factors may cause prices to rise, fall, or stay steady but the effect of diluting currency without increasing tangible wealth is always inflationary.
If we had zero debt we would not be the most successful country on earth.
If our government didn't steal from people it would be.
You leverage debt to maximize your own personal life. Successful companies do it too.
Neither I nor successful companies can open a bank with the ability to add $100,000 to its accounts by the press of a button and then loan them to me.
If I had that power it would be referred to as fraud, but my life would be much better; at the expense of everyone else.
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@ADreamOfLiberty
Debt doesn't cause inflation. There is no correlation with rising debt and rising inflation. I proved that.
You can call it stealing all you want but it will never change
Debt makes our lives better
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@Vegasgiants
Debt doesn't cause inflation. There is no correlation with rising debt and rising inflation. I proved that.
You did not prove that. Debt is increasing constantly. Inflation is increasing constantly.
You can call it stealing all you want but it will never change
You can deny it's stealing all you want, but it will never be moral.
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@ADreamOfLiberty
Inflation is not increasing. It is going down. The rate is all that matters. No one wants zero inflation
If it's stealing I hope they continue stealing
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@Vegasgiants
Inflation is not increasing. It is going down.
Already proved false.
The rate is all that matters.
True of magnetic flux in the context of induction, false in almost every other context including this one.
No one wants zero inflation
I do.
If it's stealing I hope they continue stealing
I hope you experience some poetic justice.
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@ADreamOfLiberty
I don't care what you want
You can want a unicorn transportation system if you want
No one who matters wants zero inflation
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@Vegasgiants
Never argue with a guy who stopped learning in high school
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@Vegasgiants
I don't care what you want
If you don't care to present and analyze arguments what are you doing here?
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@ADreamOfLiberty
I've done nothing but that.
I'm not talking about what I want. I'm talking about what is
You can call it fraud, stealing or chicken pot pie if you want.
But it's the way we run this country and it isn't going to change
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@Vegasgiants
True or false?: Borrowing money and printing money inject new unearned dollars into the economy.
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@ADreamOfLiberty
Same question to you.
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@Greyparrot
Sure. Just like borrowing money injects unearned income in your household
My turn
Have you ever borrowed money?
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@Vegasgiants
Have you ever borrowed money?
I'm probably a bad example for this discussion as I never had a credit card, and the only Debt I have ever had was a car payment one time over my life even though I could pay it all down just because I wanted to have a credit score instead of no credit score in case of an emergency. I throw every credit solicitation I get in the mail into the trash.
You might want to pose your question to Libertydream
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@Greyparrot
The point being is that debt makes your life better. It makes our country stronger
Too much debt is a problem but we are not there yet
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@Vegasgiants
Eh, I fundamentally disagree with you on that. The reason why I chose to not become a debt slave for some bank is because I saw how unhappy people were around me as they seemed to chronically make terrible spending choices with the unearned borrowed money. As a young guy, I walked daily by a payday loan debt shop, and the people using that shop seemed absolutely miserable.
Like I said, you will get a better answer from Libertydream.
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@Greyparrot
You are the exception that proves the rule. Most people who have a home loan and a car loan at least are glad they did that.
It made their life better
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@Vegasgiants
The point being is that debt makes your life better. It makes our country stronger
This is a red herring/strawman. Debt in of itself is not the problem. Printing money is the problem.
It is the printing of money which allows the government to essentially never pay back its creditors (the real creditors, every dollar owner, not the fake creditors the large banks and bond holders; those are basically just the upper levels of the pyramid scheme). Without the ability to steal through inflation and taxes the government would have defaulted a long long time ago.
Asking me if debt makes my life better is entirely irrelevant. If I could get away with stealing it would also make my life better.
The question is does the stealing make everyone's life better? The answer is: No.
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@ADreamOfLiberty
If it's a pyramid scheme it's the best one in the world.
Why don't you tell us of a large successful country that follows an economic model you agree with.
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@Vegasgiants
It made their life better
At what opportunity cost? Working off a debt you owe to a bank has an associated cost.
The average American will pay $130,462 in interest fees over their lifetime.
There is also the intangible cost of the stress associated with being a debt slave.
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@Greyparrot
One that the vast majority of Americans are more than willing to pay.
Most people would need a lifetime to save up the money to buy the house they want in cash
A wasted lifetime of saving
One that the vast majority of Americans are more than willing to pay.
I never was fully convinced that I needed to keep up with the Jones. Much to corporate America's dismay.
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@Greyparrot
The exception that proves the rule
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@Vegasgiants
Lol it doesn't prove anything. You really should be talking to Liberty about your theory.
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@Greyparrot
Well I should definitely stop talking to you about it
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@Vegasgiants
Yes.
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@Vegasgiants
If it's a pyramid scheme it's the best one in the world.
For the sake of humanity let's hope this is the all time record for pyramid schemes.
Why don't you tell us of a large successful country that follows an economic model you agree with.
USA, before income taxes.
Also "you can't find a country without murder" is a poor argument for legalizing murder. No country or legal system will be perfect, but the ones closer to objective morality and rational economics are better.