TIL, about economics (Beware of the whale boats)
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@Fox said:
We've had relatively little inflation despite the US government dumping MORE than $1T/year for over a decade.
And they have done so in attempts to stem inflation and deflation. In an economy of fiat currency, you have to add money as an economy grows in order to stabilize the currency.
But if you add it just because you feel bad, bad shit happens.
They've also done so in attempts to expand our military power, and none of the "bad shit" you mentioned has happened.
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You don't believe me? Give me 100 million dollars.
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We've had relatively little inflation despite the US government dumping MORE than $1T/year for over a decade.
And no, the best figures I can find put the increase in M0 at roughly $1.7T from 2008-2013. Before that M0 was relatively flat-lined. As 2008-2013 was in effort to stave off a recession and boost the economy, I can tell you pulled those numbers out of your fucking ass.
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That was money spent on things, not handed out for no reason. The difference is not large, but I think does exist.
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They've also done so in attempts to expand our military power, and none of the "bad shit" you mentioned has happened.
That was a direct purchase of goods and services, not a hand out. If you cannot tell the difference in effect those two will have on an economy, please go sit down while the grownups talk.
No matter how much you may not like it in your little SJW heart, it does make a difference where the money goes.
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@Fox said:
We've had relatively little inflation despite the US government dumping MORE than $1T/year for over a decade.
And no, the best figures I can find put the increase in M0 at roughly $1.7T from 2008-2013. Before that M0 was relatively flat-lined. As 2008-2013 was in effort to stave off a recession and boost the economy, I can tell you pulled those numbers out of your fucking ass.
Our national debt has gone up by about 10.5 trillion dollars since 2005.
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That was money spent on things
To be fair, many of which were designed to catch fire and destroy themselves.
I can't see much economic difference between the warm fuzzies I get from contemplating a world where everybody can afford to buy a half cup of brown rice and the fuel to cook it with, and the warm fuzzies the First Fighting Keyboards get from their little fireworks displays.
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That was money spent on things, not handed out for no reason. The difference is not large, but I think does exist.
Actually, the difference is huge. If you spend it on government defense, you spend it on R&D for advanced technologies which helps the USA keep the lead in a global economy as all of those technologies end up having benefits for everyone.
If you give homeless people $5/day, Old Crow sees a huge spike in sales.
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Our national debt has gone up by about 10.5 trillion dollars since 2005.
That's not the monetary supply, dipshit.
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@Fox said:
Our national debt has gone up by about 10.5 trillion dollars since 2005.
That's not the monetary supply, dipshit.
I don't think you understand how debt works. See, if you borrow money from someone, you gain debt, but you also get money.
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please go sit down while the grownups talk.
I was earning a living when you were still shitting in the diapers your parents bought for you, you arrogant little fuck :-)
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Our national debt has gone up by about 10.5 trillion dollars since 2005.
And it is actually by $9.8T.
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I don't think you understand how debt works. See, if you borrow money from someone, you gain debt, but you also get money.
Yeah, for a person or business. But not for a government. Man, you are dense.
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@Fox said:
Our national debt has gone up by about 10.5 trillion dollars since 2005.
And it is actually by $9.8T.
18,404,638,600,000-7,932,709,661,723.50 = about 10.5 trillion dollars.
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I was earning a living when you were still shitting in the diapers your parents bought for you, you arrogant little fuck
That doesn't make you a grownup. You are pretty good proof that age comes with wisdom but wisdom doesn't always come with age.
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And nyah, nyah, nyah, you have a face like a squashed tomato to you too.
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I was earning a living when you were still shitting in the diapers your parents bought for you, you arrogant little fuck
Come on, normally you just post immature and nonsensical videos that have nothing to do with the subject at hand...to show how aged and mature you are.
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18,404,638,600,000-7,932,709,661,723.50 = about 10.5 trillion dollars.
Meh, I was wrong about one thing. Transwomen are still not ciswomen and debt has virtually no connection to M0.
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I was earning a living when you were still shitting in the diapers your parents bought for you, you arrogant little fuck
Funnily enough, I can say the same thing about @fox in a bra. ;)
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I dunno... you might now be wrong by association on those other topics too. Who the fuck knows, it's Crazytown Frolics time.
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Why's that scratchoff rainbow zebra have a bra?
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Transwomen are still not ciswomen
Never said they were
debt has virtually no connection to M0.
Actually, I was wrong in terms of where the debt's coming from. According to the first link in the post you quoted, the vast majority of our national debt is personal debt, which, as you so kindly pointed out, does mean that at least 8 trillion dollars (assuming our national debt in 2005 was 0% personal debt, which is the single most lenient assumption I've ever given you) has been pumped into M0 in the past ten years, and yet we haven't had Zimbabwe levels of inflation.
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.... as the size of the economy increases we need to increase the fiat money supply... ?
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.... as the size of the economy increases we need to increase the fiat money supply... ?
/me channels @boomzilla again
My, what a nice non sequitur.
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dollars (assuming our national debt in 2005 was 0% personal debt, which is the single most lenient assumption I've ever given you) has been pumped into M0 in the past ten years, and yet we haven't had Zimbabwe levels of inflation.
Ah, as far as I knew it was related to your prior post, you fatuous stumpfucker. However, do go on, as you will do.Edit! oh, now we're getting leniency...
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to show how aged and mature you are.
One of the nice things about being my age is that the opinions of self-righteous internet blowhards cease to matter even a little bit.
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Actually, I was wrong in terms of where the debt's coming from. According to the first link in the post you quoted, the vast majority of our national debt is personal debt, which, as you so kindly pointed out, does mean that at least 8 trillion dollars (assuming our national debt in 2005 was 0% personal debt, which is the single most lenient assumption I've ever given you) has been pumped into M0 in the past ten years, and yet we haven't had Zimbabwe levels of inflation.
Every single thing you said there was wrong. Literally all of it.
Well, except for about Zimbabwean inflation levels. A blind dog finds a bone every once in a while.
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Every single thing you said there was wrong. Literally all of it.
Well, except for about Zimbabwean inflation levels. A blind dog finds a bone every once in a while.
Let's play "find the thing that's wrong!"
@Fox said:Actually, I was wrong in terms of where the debt's coming from.
No, I did quite specifically say that the US government was the source of the bulk of the national debt earlier in this thread.According to the first link in the post you quoted, the vast majority of our national debt is personal debt
No, that's also correct, almost 17 trillion of our 18-and-change trillion dollar national debt is personal debt.Which, as you so kindly pointed out, does mean that at least 8 trillion dollars has been pumped into M0 in the past ten years
Again, the way debt works is you borrow money, and gain debt. So if you have debt, you also have money, and when people have money, they usually spend it, especially if they had to go into debt to get that money.(assuming our national debt in 2005 was 0% personal debt, which is the single most lenient assumption I've ever given you)
This was actually wrong, but I acknowledged that it was wrong in the second half of the statement.
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I am on mobile, so multiple quoting is not possible. But, you don't even fucking understand the chart you are quoting. Personal debt and national debt are two separate counters on there. So no, national debt is not mostly personal debt.
Also, debt as you think of it works that way for businesses and individuals, because our money supply is very finite. It is not so for governments, because they create the money and they can also (literally) destroy it. They decide when and how much money to print.
Those concepts of debt would be the same for you, if you had your own printing press. Monetary supply is a very complicated concept. Borrowing money and adding it to the national debt does not necessarily add it to the monetary supply, and all of the money added to the monetary supply simply could not come from debt. They are two separate concepts as it is a fiat currency.
If we had to borrow every single dollar that we put in to the monetary supply, we would have runaway deflation followed by total economic collapse.
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You know what, fuck it, it's 1:30 AM, and I haven't had to deal with economics since I passed the Macroeconomics AP test with flying colors by bullshitting the entire essay portion because that's how economics works, so you keep on bitching about giving people free money. The fact of the matter is that we could take 85-ish billion dollars out of the federal discretionary budget and instead of giving it to the DoD to pay for 5-dollar paperclips or whatever the fuck is making them and their contractors spend obscene amounts of money even beyond the already obscene amounts of money they were supposed to have originally gotten, we could give a little bit to the extremely poor people in our country and barely dilute the money supply at all (especially since it would come out of taxes anyway) to save a couple thousand lives every year and improve the lives of millions of others.
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So, you state you know nothing about economics, bullshitted on the test, and mention with flying colors? You're awesom. I have also written bad essays, I still remember them being bad essays. They got good grades, but they were still bad essays. So, we should indeed ignore you on economics as well, check.
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To be fair, you should then also ignore 99% of economists, because that's the method they've used as well.
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bullshitting the entire essay portion because that's how economics works
I like the cut of your jib, young fellow.
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So, y'all are very cool with trans-men's dick replacements, I assume?
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instead of giving it to the DoD to pay for 5-dollar paperclips or whatever the fuck is making them and their contractors spend obscene amounts of money even beyond the already obscene amounts of money they were supposed to have originally gotten
If you out a black project like stealth bombers and spy satellites as a line item on the Federal budget, they cease to be black projects and they become "shit all of your enemies who have an internet connection know about". You may want to think about what you say. Or else you could end up looking like an idiot...
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I actually know a lot of economics, but I bullshitted on the test because the questions seemed absurd, and I not only got "good grades", I got a perfect fucking score, because economics is bullshit. I literally just guesstimated everything and put my answers in economics jargon and still got a perfect score.
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One like is not enough.
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So you took a survey?
So. How cool are you with trans-man-dick?
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I actually know a lot of economics,
You could have (and did) fool me, and anyone else who actually knows economics, because when it comes to econ you appear about as bright as a bag of hammers.
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One like is not enough.
You find yourself an echo chamber and just latch on like a leech, don't you?
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@Fox said:
instead of giving it to the DoD to pay for 5-dollar paperclips or whatever the fuck is making them and their contractors spend obscene amounts of money even beyond the already obscene amounts of money they were supposed to have originally gotten
If you out a black project like stealth bombers and spy satellites as a line item on the Federal budget, they cease to be black projects and they become "shit all of your enemies who have an internet connection know about". You may want to think about what you say. Or else you could end up looking like an idiot...
https://en.wikipedia.org/wiki/Lockheed_Martin_F-35_Lightning_II Does this look like a black project to you? It's not just something that accidentally showed up on WikiLeaks, it's a god damn massive Wikipedia entry. All of our enemies who have an internet connection know about it anyway.
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Assume a spherical consumer of uniform density.
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Does this look like a black project to you? It's not just something that accidentally showed up on WikiLeaks, it's a god damn massive Wikipedia entry. All of our enemies who have an internet connection know about it anyway.
No, but I don't think it's funding was obscured with overpriced office supplies either, you fucking moron. Please try to keep up with the line of reasoning that you started.
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So, cockdodger. How cool are you, with trans-man-dick?
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No, I took the Advanced Placement Test on Macroeconomics from CollegeBoard.
And I haven't researched how effective trans men's penises are, so I don't know. If they're as functional as trans women's vaginas are, yes, I am, but erections are a complicated, so I'm not sure if the technology is there yet.
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I'm not saying the funding was obscured, I'm saying the funding was wasted.
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No, I took the Advanced Placement Test on Macroeconomics from CollegeBoard.
Careful @gribnit. He could have taken it and scored a 0% according to that phrasing.
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I'm not saying the funding was obscured, I'm saying the funding was wasted.
Then where the fuck did the $5 paper clip thing come from?
Fuck, you are dense.