BlutoSays wrote:1] Ho-Lee-schit. Another fucking book! Can I get a charge number for responses to you?
2] Any business or corp that gets taxed passes it on to the consumer.
3] "Their Reps. & Senators in Congress don't pay any attention to public opinion polls or how those voters vote. " Surreal. The entire agenda of the democrat party is to constantly take from one group and give to another. It's the ONLY thing they do. Have you been paying attention? They believe money grows on trees (like you). It's so painful to watch grown people think like this.
4] The food shortages are the result of too many dollars chasing too few goods and this administration's war on oil/coal/natural gas. Prices get bid up. That goes all the way back to the suppliers of goods. It reverberates thru the economy. First inflation, then rampant inflation and economic stangation and if we're lucky, it turns around. If not, things get worse, depression, rule of law goes out the window, and populations fall by violence (and in a global economy, those that can offshore themselves will with "the poors" left behind).
5]". . . Basically, all currencies, all dollars, are created by debts. " Yes, yes, Creature of Jeykll Island, fractional currency, how the federal reserve creates $$$ and hands them to the treasury for an IOU back and all that. I know all that.
6] "I assert that with modern fiat money the Gov. can do a much better job of regulating the economy to avoid recessions." It can regulate, but it's making the problem worse long term when the shit finally does hit the fan. It's like climbing a ladder. Every rung higher means when you finally have to jump, you break a leg, break your legs and hips, break your back or splooot and then they have to pick you up with a stick and a spoon.
You seem to think helicopter money has no consequences. That's foolish. Very foolish. Exceedingly foolish. See Venezuela, Zimbabwe, Weimar Germany and others. You seem to think we can escape the laws of mathematics and economics. I guess gravity doesn't exist in your world. Pure nuttiness.
1] Mark Twain said that lie travels around the world in the time it takes for the victim to put his pants on to reply" Or something like that. By this I mean that it always takes longer to refute a false assertion than it takes to make it in the 1st place. So, I have to write books.
2] This is often not true. Corps should raise their prices to the max. that the market will bear. If the market is competitive, then if the Gov. reduces its giveaways to that corp or raises its taxes, then the corp can't raise its prices without reducing its sales more. This is basic economic theory. Of course, the US market is not competitive, so corps can try to raise prices some. But, who knows if they can raise them enough.
. . . Besides which, the samething can be said about the rich. If the Gov. raises their taxes they can try to have the corps they own pay them more to cover their increased tax bill. But, can they cover it all?
3] There have been studies on this. They have found that what the bottom 80% want or need is rarely delivered in the US. Examples are many. They include just in the last year => Medicare for all, lower drug prices, higher taxes on the rich, forgiving student loan debt, the child care payments, the anti-trust laws enforced, the Union rights laws enforced and strengthened, etc. etc.
. . . The Dems gave the people none of these things. This refutes your claim that the Dems give them what they want so they vote for Dems.
4] How in the world can food shortages be caused by too much money in the economy? Really, this is silly.
. . . You are predicting the future here not describing the last 3 years.
5] You may know all that, but your posts don't seem consistent with that knowledge.
6] Here you are just making an assertion that someday the sh!t will hit the fan. Japan has been deficit spending for over 30 years now and tshtf has not happened yet. A lot of people will die needless deaths in the US over the longer than 30 years that history shows can be necessary before tshtf happens. If it happens.
. . . Your assertion is not proof, it isn't even evidence. I and others have explained how it is just not true that inflation in Venezuela, Zimbabwe, Weimar Germany and other nations was caused by money printing. I'll ay it again, the Koch brother's Cato Institute put out a report that looked for every case of hyperinflation in history that they could find. All 57 of them happened after 1900 and all 57 were caused by shortages before the money printing started. Not after.
. . . Weimar Germany had to pay WWI reparations in gold, Pounds, dollars, or Francs. So, they had a shortage of gold. They set out to buy it by printing Marks. The shortage came 1st. France was also occupying the Ruhr industrial region so there were shortages of products. Also, it was after WWI so there were likely food shortages because Germany lost grain growing regions in Poland, etc.
. . . Shortages cause inflation because the market is doing its job of using price increases to keep the poor from buying what they need before the rich get to buy what they just want.
I don't think that I oe we or the US can escape the "laws of economics". No, I just have asserted and sort of proven that the "laws of economics" that you believe in are not real. I assert that they are claimed to have been proven using deductive logic, not proven by looking at history.
. . . I have asserted that the 1st "Law of deductive logic" is that one can't prove any conclusion if any of the premises that were assumed true are actually false. I have asserted that about 6 of the premises of mainstream economics are obviously false. I have listed examples.
. . . Lurkers, note that Bluto has never replied to refute any of those assertions that I have made in the past. He just ignores them. Just like he ignores my thread about what Ray Dalio said about hard money paying off the national debt.
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