tag:blogger.com,1999:blog-8078379512095504946.post6646992018918579214..comments2024-03-26T06:17:49.527-07:00Comments on Had Enough Therapy?: There's a Recession ComingStuart Schneidermanhttp://www.blogger.com/profile/12784043736879991769noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-8078379512095504946.post-51689245356933819542022-04-15T19:49:29.254-07:002022-04-15T19:49:29.254-07:00@Steve Goodman
You beat me to it. But it doesn&#...@Steve Goodman<br /><br />You beat me to it. But it doesn't matter, does it? We have an unlimited supply of zeroes available to the Fed, and they can be called upon at any time, according to Stephanie Kelton, the purveyor of "Modern Monetary Theory". And if you call her on it, she'll say you're attacking her because she's a girl. 370H55Vnoreply@blogger.comtag:blogger.com,1999:blog-8078379512095504946.post-8411477837197659972022-04-15T08:54:03.511-07:002022-04-15T08:54:03.511-07:00"Increasing supply is invariably a slow proce..."Increasing supply is invariably a slow process."<br /><br />Especially a slow process when one is deliberately adopting policies to *reduce* supply, as with Biden and the energy industry.David Fosterhttps://www.blogger.com/profile/15464681514800720063noreply@blogger.comtag:blogger.com,1999:blog-8078379512095504946.post-69860101085387211772022-04-15T06:09:05.077-07:002022-04-15T06:09:05.077-07:00This recession is coming faster than the 'expe...This recession is coming faster than the 'experts' expect. It will be here in time for the midterms. There are too many people who don't remember the late 70's in this country. When the interest rates needed to choke the current inflation hit home, they will pull back into their economic shells quickly. I believe the economists don't appreciate how social media will amplify the economic panic of the younger generations.John Fisherhttps://www.blogger.com/profile/00442268389104530659noreply@blogger.comtag:blogger.com,1999:blog-8078379512095504946.post-71884037458706998242022-04-15T05:58:57.018-07:002022-04-15T05:58:57.018-07:00The national debt now exceeds 30 Trillion Dollars,...The national debt now exceeds 30 Trillion Dollars, an elephant in the room that Reagan did not have to deal with. Every 1% increase in the rate of interest will cost the government $822 Million PER DAY before any tax revenue is actually used to reduce that debt. <br /><br />I'm not sure that there is anyone smart enough to figure out how we can get out of this mess but Modern Monetary Theory (we were wrong, money does grow on trees) will likely be relied on by the more progressive Democrats as the simple solution to printing all the money we need to pay our debts. After all, that esteemed economist Nancy Pelosi stated recently that spending money does not cause inflation; hiring too many people does.<br /><br />Relax. We are in good hands.Steve Goodmanhttps://www.blogger.com/profile/10166204395013691687noreply@blogger.com