Message from @William Dinan

Discord ID: 791070656329809981


2020-12-22 22:09:45 UTC  

I shouldn’t say arguing isn’t useful, I just don’t find it useful for me to practice.

2020-12-22 22:11:39 UTC  

Yeah that’s fair, I didn’t think it was. I am more just saying if someone has peer reviewed publications I am adding more weight to what they say.

2020-12-22 22:11:40 UTC  

I would rather convince someone through Logic and Reasoning than conformation of my words from Others.

2020-12-22 22:12:13 UTC  

Look above.

2020-12-22 22:12:34 UTC  

Also fair but some things may not be immediately accessible to laymans.

2020-12-22 22:14:11 UTC  

I wasn’t trying to say your point was wrong just pointing out my thought process.

2020-12-22 22:15:29 UTC  

Accepting Wisdom from a Person solely based upon a Pedigree may be unwise or unworthy.

2020-12-22 22:16:35 UTC  

Sadly logic is often almost always inductive.

2020-12-22 22:20:14 UTC  

I didn't take your comments as an insult and your thoughts are welcome. It's about exchanging thoughts and ideas not about making impressions of Worth or Winning. I still have an Eraser on my Pencil and I still use it.

2020-12-22 22:21:14 UTC  

The reason it's almost always inductive is that there are so many variables to complex questions that people have to resort to inductive reasoning due to lacking omnipotence.

2020-12-22 22:23:19 UTC  

Valid deductive reasoning is practically final. Valid inductive reasoning is easy to combat.

2020-12-22 22:25:04 UTC  

Think of it as 'beyond a reasonable doubt' vs. 'probable cause'.

2020-12-22 22:25:16 UTC  

I think you meant to say omniscience versus omnipotence?

2020-12-22 22:25:39 UTC  

Yes, but both go hand in hand.

2020-12-22 22:26:02 UTC  

Omniscience is something you would have with omnipotence, etc.

2020-12-22 22:26:40 UTC  

Now I just hear Dr Phil when I read your comments 😂 but thanks for the reply.

2020-12-22 22:27:02 UTC  

Publishing Research is about the Work and Findings. It's not about the Person.

2020-12-22 22:27:38 UTC  

Lol. I don't have a Texas Accent if that helps?

2020-12-22 22:30:36 UTC  

Texas seems like a great state, everyone I meet from Texas is always saying come to Texas. In my state they are like “when are you leaving”

2020-12-22 22:31:51 UTC  

"I don't know why people find it prudent to give like, a bunch of money to non-Americans and other corporations/assets in stimulus bills when we're on the verge of becoming bankrupt. But that's just the inner economist in me." @Gypsy There you go, enjoy. Let me know when a government is technically bankrupt. Is it when we're forced to tax people in effort to actually make a dent in debt?

2020-12-22 22:32:21 UTC  

As long as you don't visit with a U-Haul?.... No I think that is Florida?

2020-12-22 22:32:22 UTC  

Or are forced to cut significant spending.

2020-12-22 22:32:35 UTC  

While our liability climbs through the roof.

2020-12-22 22:35:11 UTC  

Maybe declare War on China and eliminate our Debt to them?

2020-12-22 22:35:35 UTC  

Uh. Pretty sure that'd end with significantly more debt.

2020-12-22 22:35:47 UTC  

Well I have bad news and worse news. Bad news is we can never go bankrupt. The worse news is this will lead to the debt monetization that megslide was worried about. There is this theory which is catching on with politicians that goes like this: print all the money needed to fund the deficit. And it starts with some backwards idea about money being created through taxes.

2020-12-22 22:36:11 UTC  

Really it’s like your own debt, if we made more than we spent it wouldn’t be so bad but we take on more new debt every year.

2020-12-22 22:36:12 UTC  

I didn't say it was a good plan....lol @Maw

2020-12-22 22:36:13 UTC  

And then you turn into Venezuela.

2020-12-22 22:36:26 UTC  

Where money is literally worthless.

2020-12-22 22:36:42 UTC  

When I was in California Uhauls were all gone. All rented.

2020-12-22 22:37:14 UTC  

It's all about when and whether you hit the exponential part of the curve

2020-12-22 22:37:15 UTC  

I don't know who thinks taxation is money creation, but it's revenue.

2020-12-22 22:37:17 UTC  

Pretty much, but now that politicians have heard of MMT you can bet it’s coming.

2020-12-22 22:38:13 UTC  

As tax comes from somewhere that isn't the government itself.

2020-12-22 22:38:24 UTC  

Printing money is when the government 'makes' money.

2020-12-22 22:38:30 UTC  

In like, the simplest terms.

2020-12-22 22:38:32 UTC  

I'm sure the one way rate of a U-Haul is much cheaper entering California than leaving.

2020-12-22 22:38:37 UTC  

And then we won’t have the reserves currency. In other words maybe have a backup plan. It’s crazy they said they don’t care about moral hazard. That’s insane for a Fed President to say that.

2020-12-22 22:39:06 UTC  

Oh yeah. Texas might build a wall soon lol

2020-12-22 22:39:41 UTC  

You have to talk to the MMT professors. 😂 there has been a lot of pushback