Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
How is the US federal government in "debt"? When you borrow money, you're receiving something that you don't have. How does that apply to our federal government? Can't you grasp the fact that our federal government is the exclusive issuer of the USD? How in your estimation, can our federal government become insolvent?I didn't ignore your points. But, you seem to be ignoring mine. I debunked your points. Name one I didn't and try again to defend yours. Not by posting some communist liberal economist spewing double talk about how debt is a good thing.
My wife and I couldn't understand why we retirees got stimulus checks!!! We're getting SS checks.Ever hear of a comedian named Pat Paulsen? His funniest routines were when he would double talk making it hard to understand. That's this woman. double talk. Typical leftist economist who has no problem spending other people's money. Because she says that the government doesn't print more money when it is going to pay for a new program like the Covid Relief Fund is double talk. Yes, it is often done by not printing actual dollars. But, the checks you got were real dollar amounts as if you received cash dollar bills. If it looks, sings and smells like a pig, it's a pig! The dollars people all of a sudden had in their bank accounts were actually real dollars printed. With our advanced technology, we can hide that from those who believe in double talk. But, there are more dollars in the economy and we all know this led to hyper inflation under Joe Biden. Each of your dollars, whether in your pocket or in your electronic bank account were were less because there were more dollars paper or electronic.
And, to say that this sort of nonsense spending is good and can go on forever, ask the Russians how printing more rubles went after they felt they had to keep up with our military under Reagan. Ya, we can keep printing. But eventually the piper has to be paid. She's a communist.
did you cash them?My wife and I couldn't understand why we retirees got stimulus checks!!! We're getting SS checks.
Only working people who stopped working should have gotten checks.
Leftist college professors prove what Reagan said: "It's not that they're stupid, but what they know just isn't so".
How is it now so? What is so?My wife and I couldn't understand why we retirees got stimulus checks!!! We're getting SS checks.
Only working people who stopped working should have gotten checks.
Leftist college professors prove what Reagan said: "It's not that they're stupid, but what they know just isn't so".
In theory, no government can ever go bankrupt. They keep on printing money. In practice, all governments can go bankrupt, and often enough do. People stop accepting government paper as money. The government can force some to accept it, but those who accept it find nobody to spend it with. Again, the USSR printed it's own money until no one would trade with them. At least enough to build up their military. We think that what is happening today will go on forever. The Egyptians thought that. The Greek thought that. The Romans thought that. The Germans thought that. The Russians thought that. What if the world stopped trading with us? What if China and Russia fight a war with us and win? What if internal warfare created a collapse of our current Government and it's systems and we no longer could simply print money to survive? In other words, the Communists win from within our boarders? We just went through a large issuing of dollars, trillions, and it caused hyper inflation for a short period of time. Next time, it may not be so short of a period. It's funny how Democrats used to praise Bill Clinton for having a surplus and we had no national debt. Now, it seems to be okay?How is the US federal government in "debt"? When you borrow money, you're receiving something that you don't have. How does that apply to our federal government? Can't you grasp the fact that our federal government is the exclusive issuer of the USD? How in your estimation, can our federal government become insolvent?
That isn't that hard to understand. What this woman in the video was saying knows that what she is calling on isn't true. The piper will eventually have to be paid. The communists in the 60's and 70's once tried to take down our Government and Constitution. They wanted to replace it with a Soviet style of Government with tyranny socialism. They don't like rich people unless they can be the rich people. It's just they didn't want to work hard and smart enough to become rich. They wanted to take from the capitalist rich and give to themselves and rebuild the country with them at the top of the food chain. Well, those communists are still with us teaching in universities like this woman. They are in our Government now using their power to silence the true capitalists like Trump, Fox News, Elon Musk and many others who believe in liberty and freedom of opportunity to become wealthy through hard work. And, they buy votes with stunts like giving the elderly free money with ties to vote for Democrats. Free college as long as the kids vote for Democrats. And SO on. We've become bankrupt in moral and ethical ways that will eventually destroy the country from within. When that happens, the rest of the world will get swallowed up by the China's of the world.How is it now so? What is so?
Most did. However, many gave to charities as well.did you cash them?
That printing money is a very good thing. I keep watching Stephanie and she is very convincing, but as we discussed, without guardrails on how much to print printing too much money always ends badly.How is it now so? What is so?
My wife and I couldn't understand why we retirees got stimulus checks!!! We're getting SS checks.
It was the Democrats that thought you needed the money.Because Trump wanted you to. Duh!
It was the Democrats that thought you needed the money.
In theory, no government can ever go bankrupt.In theory, no government can ever go bankrupt. They keep on printing money. In practice, all governments can go bankrupt, and often enough do. People stop accepting government paper as money. The government can force some to accept it, but those who accept it find nobody to spend it with. Again, the USSR printed it's own money until no one would trade with them. At least enough to build up their military. We think that what is happening today will go on forever. The Egyptians thought that. The Greek thought that. The Romans thought that. The Germans thought that. The Russians thought that. What if the world stopped trading with us? What if China and Russia fight a war with us and win? What if internal warfare created a collapse of our current Government and it's systems and we no longer could simply print money to survive? In other words, the Communists win from within our boarders? We just went through a large issuing of dollars, trillions, and it caused hyper inflation for a short period of time. Next time, it may not be so short of a period. It's funny how Democrats used to praise Bill Clinton for having a surplus and we had no national debt. Now, it seems to be okay?
Correction, Biden throwing money around, buying votes.Because Trump wanted you to. Duh!
Trump did it, too.Correction, Biden throwing money around, buying votes.
No. Entitlement programs like Social Security and Medicare should end. Dems and RINOs won't vote to end it.So real Republicans like social programs? Got it.
Good thing. Why end programs that are helping people?No. Entitlement programs like Social Security and Medicare should end. Dems and RINOs won't vote to end it.
So, you were okay with 10% inflation? The inflation rate for what people spend most of their money on, especially the poor and poor middle class is still way over the 4% now. Bidenomics sucks! Trump's economy was awesome and people remember. Now, if we could get more Democrats to watch something than CNN and left wing media because only 34% of those people who watch that crap know that inflation rated income is down 7% year over year.In theory, no government can ever go bankrupt.
No that's incorrect. If a government doesn't issue its own sovereign, fiat currency, it can indeed go bankrupt. Local and state governments, for example, rely mostly on taxation and the US federal government for its revenue. They can go bankrupt or become insolvent, without taxation or assistance from Uncle Sam.
They keep on printing money.
Not all governments can print money without having the gold to back its creation.
In practice, all governments can go bankrupt, and often enough do.
A government that is the exclusive issuer of a sovereign, fiat currency, can't go insolvent or bankrupt.
People stop accepting government paper as money.
What "people" are you referring to and why would anyone stop accepting USD in cash? Today money is also digitized and intangible, it's not all in cash.
The government can force some to accept it, but those who accept it find nobody to spend it with.
Does the US federal government have to "force people" to accept USD? Why? Who are these people who are rejecting USD, and don't want it? What businesses aren't accepting USD now? You're speaking drivel-scribble, gobbledygook.
Again, the USSR printed it's own money until no one would trade with them. At least enough to build up their military.
What does the USSR have to do with the US and its currency? I asked you a simple question and so far, all you've been doing is resorting to a bunch of verbal acrobatics and evasive maneuvers. How can the US federal government, that is the exclusive issuer of the USD, become insolvent? Simple question, just answer it.
We think that what is happening today will go on forever. The Egyptians thought that. The Greek thought that. The Romans thought that. The Germans thought that. The Russians thought that. What if the world stopped trading with us? What if China and Russia fight a war with us and win? What if internal warfare created a collapse of our current Government and it's systems and we no longer could simply print money to survive? In other words, the Communists win from within our boarders? We just went through a large issuing of dollars, trillions, and it caused hyper inflation for a short period of time. Next time, it may not be so short of a period. It's funny how Democrats used to praise Bill Clinton for having a surplus and we had no national debt. Now, it seems to be okay?
....
That's a lot of gobbledygook.
The stimulus packages in 2020 and 2021 didn't result in hyperinflation. It's important to distinguish between inflation, a general increase in prices, and hyperinflation, a rapid and typically escalating inflation. According to the International Monetary Fund (IMF), hyperinflation is generally characterized as a period where the inflation rate exceeds 50% per month.
- What Is Hyperinflation? Causes, Effects, Examples, and How to Prepare
- The economist Philip Cagan, in his book "The Monetary Dynamics of Hyperinflation", defines hyperinflation as a monthly inflation rate of 50% or more.
Phillip D. Cagan - Wikipedia
en.wikipedia.org
While there was indeed an uptick in inflation in 2020 and 2021, it was far from hyperinflation. There were increases in inflation due to supply chain disruptions, enhanced demand as economies reopened, and to some extent, and yes, increased money supply due to stimulus packages. These were unprecedented responses to the extraordinary economic crisis prompted by the COVID-19 pandemic. However, that wasn't "hyperinflation" and there are ways our federal government can intervene in inflation.
The U.S. federal government can intervene in inflation in several ways, often through the Federal Reserve and fiscal policy.
Hyperinflation historically only occurs when a country's economic output (its GDP) is critically compromised, and the government responds by printing money to cover its debts. Examples include Zimbabwe in the 2000s and Weimar Germany in the 1920s. In contrast, the U.S. and other developed economies have been able to substantially increase their money supply without inducing hyperinflation during the pandemic. The US isn't Zimbabwe or the Weimar Republican.
- Monetary Policy: The Federal Reserve uses several monetary policy tools to control inflation. The most commonly used are the Federal Funds Rate (the interest rate at which banks lend reserve balances to other banks overnight) and open market operations (buying and selling government bonds to regulate money supply).
If the Fed sees that inflation is rising above its target rate (currently around 2% annually), it can raise the Federal Funds Rate, making borrowing more expensive and slowing down economic activity. It can also sell government bonds to decrease the money supply. These actions can help to curb inflation.- CPI Home : U.S. Bureau of Labor Statistics ↩ 2% annually stat-source.
- Fiscal Policy: The federal government can adjust its spending and taxation policies. If the government reduces spending (contractionary fiscal policy) or increases taxes, this can decrease demand in the economy, lowering price pressures and thus reducing inflation.
- Regulatory Policy: The government can use regulatory policy to affect supply chains and competition. For instance, if inflation is due to supply chain disruptions, the government can work to streamline these processes. If a lack of competition in a certain sector is causing price increases, the government can enforce antitrust laws to promote competition.
- Incomes Policy: Incomes policies, such as wage and price controls, can be used. These types of controls were last used in the U.S. during the 1970s and are typically seen as a last resort.
- Macroprudential Policy: The government can regulate the financial sector to prevent excessive borrowing and speculative bubbles, which can lead to inflation. This involves monitoring and managing systemic risks.
- Communication: The Fed uses communication as a tool to shape expectations about future inflation. If businesses, consumers, and investors expect the Fed to maintain low inflation, they're likely to make decisions that help achieve that outcome.
According to the U.S. Bureau of Labor Statistics, the Consumer Price Index for All Urban Consumers (CPI-U) rose 7.0% from December 2020 to December 2021.
This increase is significantly lower than the 50% per month inflation rate synonymous with hyperinflation. The inflation observed was primarily driven by supply chain disruptions and a surge in demand as economies reopened, factors expected to be temporary.
Inflation isn't solely a monetary phenomenon but is also driven by real factors like supply chain disruptions, labor market conditions, and future inflation expectations. The Fed can influence these factors to some extent through its monetary policy tools, but it's not the sole or primary driver of inflation.
So, you were okay with 10% inflation?So, you were okay with 10% inflation? The inflation rate for what people spend most of their money on, especially the poor and poor middle class is still way over the 4% now. Bidenomics sucks! Trump's economy was awesome and people remember. Now, if we could get more Democrats to watch something than CNN and left wing media because only 34% of those people who watch that crap know that inflation rated income is down 7% year over year.
