It's About Liberty: A Conservative Forum
Topics => Economy => Topic started by: Weisshaupt on January 31, 2012, 05:26:40 PM
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Mike Norman: 'US debt is a myth!' (http://www.youtube.com/watch?v=4HJ54RRB7OU#)
The Neo-Keynesian argument. You see, we can always print more, and we control the interest rate, so nothing bad can happen. We will always be solvent - or at least until you spend beyond our ability to produce, but we have so many unemployed we aren't even close to that happening. WTF?
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These are the ones who will wail and gnash their teeth most vociferously when their world is yanked out from under them.
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So if that's right I can pay in imaginary dollars instead of real dollars?
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These are the ones who will wail and gnash their teeth most vociferously when their world is yanked out from under them.
....and scream, "You did this do us! On purpose!"
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So if that's right I can pay in imaginary dollars instead of real dollars?
Yes, just give them IOU's based upon future income that may or may not come in, depending on your own debt service needs. Let me know how that works out for ya!
And Weisshaupt, as far as the "The Neo-Keynesian argument. You see, we can always print more, and we control the interest rate, so nothing bad can happen." goes, it jives with my "Paper, paper, paper!" comment on your "New Debt Graphs" thread! Issue more paper, print more money, paper solves all!
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These Neo-Keynesians will ruin us all. But trying to convince a majority of people of that appears to be just a tad difficult, eh?
::unknowncomic::