American Capitalism has Officially Changed

[gipper]

They just print it magically.

This seems like a good idea when a pandemic magically appears. Do you have a better idea? What is it??

My post nor this thread has anything to do with the pandemic.

Are you trying to make excuses for Dumb Donnie’s crazy spending?

 

[Mac1958]

but this fundamental change in capitalism is going to cut across all party lines, so blaming the other guy is bullshit.

Well, the pandemic is a fundamental change for sure but the Fed's actions seem far more likely to preserve capitalism than a pandemic induced free market collapse into chaos and depression.

I don't see anyone blaming the other guy. Do you??

There has been significant Fed intervention before the first virus victim had a fever.

Such as the TRILLION or so that the NY Fed has been pouring into the short term paper market to grease the system during this administration.

You know that, right?

 

[Deplorable Yankee]

In short, we now have a Federal Reserve that is an ongoing, active, aggressive, and very influential participant in our economic system.

The Fed is going to buy ETFs. What does it mean?

The central bank will use some new tools to help stabilize markets.

www.marketwatch.com

While some of the lessons from the Meltdown remain unlearned, ONE thing we clearly DID learn was that the Fed can step in, purchase an ENORMOUS amount of assets to bail us out temporarily, and then unwind their balance sheet by selling those assets back off.

But now, with it coming in to buy huge swaths of specific ETFs, we're in all new territory. We now have a MASSIVE, all-new, and incredibly powerful tactic for buoying the economy. The variable regarding its effectiveness of this approach will be whether it has enough time to unwind its assets before it goes back in to save us by buying NEW assets.

I'll let the wingers from each end play their winger games with this, but this fundamental change in capitalism is going to cut across all party lines, so blaming the other guy is bullshit.

The headline is bulshit
American capitalism was derailed decades ago

 

[EdwardBaiamonte]

You know that, right?

yes, and?????????????????????????????

 

[EdwardBaiamonte]

In short, we now have a Federal Reserve that is an ongoing, active, aggressive, and very influential participant in our economic system.

Yes, and conservatives would rather have them back off a little but they do control the money supply so are naturally active, aggressive, very influential and do a lot to preserve capitalism on main street while compromising it somewhat on Wall Street. So???????

 

[EdwardBaiamonte]

American capitalism was derailed decades ago

If 3% economic growth with cell phones flat screens and GPS in the hands of even the poor is derailment then we may need more of it.

 

[DOTR]

In short, we now have a Federal Reserve that is an ongoing, active, aggressive, and very influential participant in our economic system.

The Fed is going to buy ETFs. What does it mean?

The central bank will use some new tools to help stabilize markets.

www.marketwatch.com

While some of the lessons from the Meltdown remain unlearned, ONE thing we clearly DID learn was that the Fed can step in, purchase an ENORMOUS amount of assets to bail us out temporarily, and then unwind their balance sheet by selling those assets back off.

But now, with it coming in to buy huge swaths of specific ETFs, we're in all new territory. We now have a MASSIVE, all-new, and incredibly powerful tactic for buoying the economy. The variable regarding its effectiveness of this approach will be whether it has enough time to unwind its assets before it goes back in to save us by buying NEW assets.

I'll let the wingers from each end play their winger games with this, but this fundamental change in capitalism is going to cut across all party lines, so blaming the other guy is bullshit.

So when socialists win..you blame the ones they beat? Thats the problem with you propagandists.

 

[DOTR]

The chances this will lead to harmful outcomes, has to be considered very likely.

Libertarians were disgraced and exiled permanently in 2008 when they predicted massive inflation after parroting 1930's Austrian economists. Now you at least have the sense to say "harmful outcomes" instead of inflation. You would show even more sense by saying nothing until you get an education.

Japan did it and has suffered stagnation ever since. Obama did it and presided over the slowest recovery in American history.

 

[EdwardBaiamonte]

Are you trying to make excuses for Dumb Donnie’s crazy spending?

Its an uber trivial issue given the pandemic and opposition in support of Green New Deal Second Great Depression and Communist Revolution, open borders, and free health care for the entire world. Now do you understand?

 

[EdwardBaiamonte]

Japan did it and has suffered stagnation ever since. Obama did it and presided over the slowest recovery in American history.

you didn't tell us what "it" is?????????????

 

[EdwardBaiamonte]

but this fundamental change in capitalism is going to cut across all party lines,

??? what on earth does that mean. The Democratic Party is now openly socialist and could care less about some trivial, arcane change in capitalism like Fed buying ETF; their agenda is socialism wherein the govt does 1 tillion times more than buy ETF's. Do you have any idea what is going on?

 

[gipper]

Are you trying to make excuses for Dumb Donnie’s crazy spending?

Its an uber trivial issue given the pandemic and opposition in support of Green New Deal Second Great Depression and Communist Revolution, open borders, and free health care for the entire world. Now do you understand?

Chicken Little.

COVID-19 presently affects a tiny fraction of the global population — about 1.4 million cases out of a global population of 7.78 billion3 — and even with a death toll of 81,000 worldwide,4 COVID-19 has had a miniscule impact, having killed a mere 0.00001% of the population.

Don’t get me wrong. Any death is tragic. But any given individual’s risk of dying from the epidemics of diabetes, heart disease or cancer, for example, is greater than their risk of dying from COVID-19. Why is death from lifestyle-induced disease and environmental toxicity more preferable and acceptable than death from an infectious disease?

Dying from a preventable medical mistake is also a greater risk, as that kills up to 440,000 Americans every year. Where’s the panic about that? Isn’t the idea that conventional medicine kills 440,000 people a year terrifying?! 1 in 5 elderly patients are also injured by medical care. Where are the calls to protect our aging loved ones from this threat?
Systems Biologist Speaks Out About COVID-19 Response - LewRockwell LewRockwell.com

 

[Mac1958]

In short, we now have a Federal Reserve that is an ongoing, active, aggressive, and very influential participant in our economic system.

Yes, and conservatives would rather have them back off a little but they do control the money supply so are naturally active, aggressive, very influential and do a lot to preserve capitalism on main street while compromising it somewhat on Wall Street. So???????

Controlling the money supply and actually buying and selling trillions in securities on the market are two vastly different things.

Never mind. I'm done with asymmetrical conversations.

 

[EdwardBaiamonte]

COVID-19 presently affects a tiny fraction of the global population —

Now that's really stupid given that C19 has just shut down much of the world's economy like a depression would and is dramatically affecting most of the worlds population.

 

[EdwardBaiamonte]

Never mind. I'm done with asymmetrical conversations.

Actually, you mean you are done losing a debate.

 

[EdwardBaiamonte]

Controlling the money supply and actually buying and selling trillions in securities on the market are two vastly different things.

Not different at all. You were concerned with pre corona QE from Fed which actually was designed to control money supply. We had a $trillion federal deficit sucking money from economy and Fed shrinking its balance sheet( what libertarians want) also sucking money from economy. Thus there was a shortage of money which the Fed stepped in to correct. Sorry.

 

[Mac1958]

Never mind. I'm done with asymmetrical conversations.

Actually, you mean you are done losing a debate.

I didn't know we were "debating", but if feeling like a winner is important to you, that's nice.

It's clear you're running with the talk radio version of this, and I'd rather see the whole picture.

 

[EdwardBaiamonte]

It's clear you're running with the talk radio version of this, and I'd rather see the whole picture.

where exactly is my version inadequate???????

 

[gipper]

COVID-19 presently affects a tiny fraction of the global population —

Now that's really stupid given that C19 has just shut down much of the world's economy like a depression would and is dramatically affecting most of the worlds population.

Yeah a tiny virus shut down the world. Crazy no?

 

[EdwardBaiamonte]

Yeah a tiny virus shut down the world. Crazy no?

Why crazy?? Without all out war against this virus it could kill millions.