if only I could block by topic?

That not even how it works now. We guess and target real price levels. It’s debatable if that is the right policy. Now you want to take that guess and print it up and PRAY that when a crisis occurs the government just says “we won’t abuse this power”.



They already made that promise and failed with the Fed. They said we will never violate moral hazard. Now go look at what Kashkari says earlier this year. So I don’t buy it man. I don’t have faith in your plan 😂 sorry man.

I don't think so... It only had an effect on those that wanted relief. What relief were they going to provide on the Act 77 case? SCOTUS willfully passed on the case before the election with a 4-4 split vote - if they felt it merited their involvement, they would have done it then.

Not only that Texas was guilty of the exact thing that they accused the other 4 states of doing. The TX governor extended the early voting window without legislative approval.

It's not my plan... I think it is a model that better represents what is actually occurring. I am not an economist. I just take a common sense approach to things and I thought that this theory addressed reality better than the conventional way it is expressed.

Also this is exactly what it will be. And if you used your printed dollars to match what the estimate of real price levels were to buy goods and services 🧐 yeah that doesn’t make any sense. So nominal price levels are the same as the year before. That sounds like you just got rid of any inflation. Well what are you going to do about all the economic principles that relied on inflation to work. Like wage stickiness. So now people are going to get actual wage decreases. Nothing sounds good about this plan.

I know I am just being cheeky man.

How is saying interest doesn't matter common sense?

There is currently 1.5T in physical US currency, 14T in 'US currency'.

I know there are a few Californians that read this, so if it pertains to you. https://twitter.com/NWSLosAngeles/status/1341513502335270912?s=19

I'm not sure what you mean by that... I have only just started looking into this theory. I just think it might have merit and I am going to look into it more. I had questions and I have tried to look into both sides. It will take some time for me to have a fully formed opinion about it.

Thanks... We'll be getting the warning messages soon, I am sure.

Now, I'm not sure if they're advocating for printing physical currency, but if they are (this would be the 'stealthy' approach) then inflation would skyrocket.

Unless you are suggesting that they suddenly add in a bunch of dollars that don't actually exist into the M2.

The stimulus you're suggesting can't even be afforded with the amount of literal physical US tender in existence.

I don't think so... She did a pretty good job, I thought, of explaining that when it comes to the federal government spending that current models seem to ignore that federal deficits have a corresponding benefit on the other side of the balance sheet. I am paraphrasing in my layman's terms, of course.

Stimulus for the rich.

Also keep in mind, when you increase inflation, it screws everyone.

Price inflation of goods? @Maw

What doesn't exists? Currency represents value, right? If our economy has continually grown, that value is represented somehow.

There may not be enough stimulus to inflate demand.

Price inflation of goods translates to the dollar meaning less, which anyone that stores money in fiat form gets screwed.

They just keep changing the way that they define inflation...

Not really..?

Clearly understood.

Inflation has several indexes. For example CPI or consumer price index vs PPI or producer price index.

Big Mac Index.

Lot of ways to define it.

Maybe I should say indices but I think either is correct. In finance they usually say indices.

Burgernomics just sounds more tasty.

noticing shrinkflation on a lot of fast food items.. @Maw

Big Mac index is actually a measure of purchasing power parity but same principle. I mean I would give you at least 3/4 points on a test for that answer.

But increased margins!

If you are serious about MMT @TaLoN132 then go read monetarist ideas about money. Have an actual balanced debate in your head.

Just my thoughts.

https://youtu.be/o_FLBMg-Tbo

I'm not watching BTW

add this to the list of things I never thought I would see or hear: https://www.cnn.com/2020/12/22/politics/pat-robertson-trump-2020-election/index.html

when an evangelist tells you your reality is too alternative.....

it might be time for haloperidol.

televangelist, no less

is that better or worse?