Message from @William Dinan
Discord ID: 791070656329809981
I shouldn’t say arguing isn’t useful, I just don’t find it useful for me to practice.
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.
I would rather convince someone through Logic and Reasoning than conformation of my words from Others.
Look above.
Also fair but some things may not be immediately accessible to laymans.
I wasn’t trying to say your point was wrong just pointing out my thought process.
Accepting Wisdom from a Person solely based upon a Pedigree may be unwise or unworthy.
Sadly logic is often almost always inductive.
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.
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.
Valid deductive reasoning is practically final. Valid inductive reasoning is easy to combat.
Think of it as 'beyond a reasonable doubt' vs. 'probable cause'.
I think you meant to say omniscience versus omnipotence?
Yes, but both go hand in hand.
Omniscience is something you would have with omnipotence, etc.
Now I just hear Dr Phil when I read your comments 😂 but thanks for the reply.
Publishing Research is about the Work and Findings. It's not about the Person.
Lol. I don't have a Texas Accent if that helps?
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”
"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?
Or are forced to cut significant spending.
While our liability climbs through the roof.
Maybe declare War on China and eliminate our Debt to them?
Uh. Pretty sure that'd end with significantly more debt.
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.
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.
I didn't say it was a good plan....lol @Maw
And then you turn into Venezuela.
Where money is literally worthless.
When I was in California Uhauls were all gone. All rented.
It's all about when and whether you hit the exponential part of the curve
I don't know who thinks taxation is money creation, but it's revenue.
Pretty much, but now that politicians have heard of MMT you can bet it’s coming.
As tax comes from somewhere that isn't the government itself.
Printing money is when the government 'makes' money.
In like, the simplest terms.
I'm sure the one way rate of a U-Haul is much cheaper entering California than leaving.
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.
Oh yeah. Texas might build a wall soon lol
You have to talk to the MMT professors. 😂 there has been a lot of pushback