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?

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

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

Nearly the moment you print money prices inflate to counteract that.

It's extremely short-term gain.

What are some possible ramifications of printing and adding 2 Trillion to U.S circulation? How would that affect things from here on out?

Then you go through that cycle and become venezuela.

As in most Instant Gratification?

When people talk about how socialism was a threat I laughed. I am not laughing now. Sure it’s better than some socialist states but that’s like saying “I prefer this cold to the one I got last season”.

If you get inflation high enough your currency is basically done for @Adam135

I don't think socialism is a massive threat. Personally at least.

Want a good economy meme?

https://www.youtube.com/watch?v=ndJTrSarMHM&feature=youtu.be&t=20