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Messages - More Than Mortal
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8431
« on: January 17, 2015, 05:39:59 AM »
. . .
I've already told you the money isn't necessarily going to be worth less because of the interaction between supply and velocity. I've already told you that the high levels of debt are caused by government spending from around 2000 onward. The only person who needs to read the conversation is you.
8432
« on: January 17, 2015, 05:36:14 AM »
There are plenty of other problems with money that this would only make worse.
Again, when you want to stop espousing bullshit and present something solid, I'll be here.
8433
« on: January 17, 2015, 05:32:13 AM »
I mean, you're literally saying we can solve problems by creating more money. I'm saying we can solve the problems associated by tight money with more expansionary money. I'm not going to argue for more money creation when we're sitting at 4.5-5pc nominal income growth-- that would cause serious inflation. And everybody know serious inflation is a bitch.
8434
« on: January 17, 2015, 05:28:14 AM »
and I intend to address the source of the problem.
I'll be waiting for you to actually do that, instead of spouting pseudo-economic bullshit like you are now.
8435
« on: January 17, 2015, 05:21:25 AM »
What demand for money? Yes, you could have a huge increase in the monetary base and have no effect on inflation or spending if demand is proportionally as large. They've been printing money long before that which is all the same. It's caused us nothing but problems. Despite the fact that it helped Britain's economy in 1933, America's in 1987 after the stock-market crash and both of those countries in 2009 and onwards. Not to mention, pretty much the whole of the Great Moderation under Alan Greenspan was due to good monetary policy. What your saying is essentially "We had a serious Recession which was caused by a tight monetary policy, and in response to that we should keep money tight". I mean, come on, even Hayek wanted to stabilise what he called the "nominal income stream" (nGDP) with monetary policy if it were necessary. I mean, this is what good monetary policy looks like:  That is monetary easing almost two orders of magnitude bigger than the Federal Reserve's, and Sweden has seen a decent recovery. Where does their inflation lie now? A measly 1pc.
8436
« on: January 17, 2015, 05:08:37 AM »
There are many factors, but creating money out of nothing isn't some magical fix to anything It's quite obviously a fix to high demand for money and low nGDP growth. Also, you clearly don't have a proper understanding of inflation, as it takes years for effects to happen. The Fed has been doing QE for almost six years, now, do you want to present an assertion that's actually falsifiable? The idea of Milton Friedman's "long and variable lags" in monetary policy are dead, at least when you base policy on market expectations. I mean, you know, there's a reason the market wildly fluctuated when Ben Bernanke tried to be more open compared to Alan Greenspan.
8437
« on: January 17, 2015, 05:02:02 AM »
There's a reason our debt has increased exponentially.
Yeah, because of government spending. You can blame the 107th Congress for that, as well as Obama's stimulus packages. Monetary policy, however? Yeah, it needs to be more expansionary. It needs a bit extra in America too, probably, seeing as inflation has dropped to 0.8pc.
8438
« on: January 17, 2015, 04:58:49 AM »
Good.
8439
« on: January 17, 2015, 04:57:14 AM »
What? That's being courteous. I love when anyone makes me a better person.
Then you should be thanking Kupo for calling you a cunt.
8440
« on: January 17, 2015, 04:55:37 AM »
The same thing that is causing the collapse of our economy?
Ha. Gold-bugs and Paulites have been screaming hyperinflation ever since QE started, and they've been wrong every single time. The Recession was caused by tight monetary policy, expanding it is the most obvious and effective remedy.
8441
« on: January 16, 2015, 07:47:22 PM »
it's not supposed to be...
And it's not supposed to be immoral, but if often is.
8442
« on: January 16, 2015, 07:46:11 PM »
And a higher rate means more growth, right?
If you want to look at economic growth, you really need to look at nGDP. Interest rates are seen (incorrectly, in my opinion) as 'indicators' of policy which can be used to secure proper growth. For instance, after the stock market crash of 1987, the Fed lowered interest rates in order to keep banks trading and stop it affecting the real economy. However, in times of prosperity it's not unusual for the Fed to raise interest rates to curb lending and stop the economy from 'overheating'.
8443
« on: January 16, 2015, 07:43:38 PM »
Isn't that kinda desecrating Mecca? I mean it is supposed to be a safe haven from war...
Not historically.
I mean, Muhammed did essentially allow at least one Jew to be murdered there.
that's what it's meant to be... the quran says so
Because religion is never contradictory. . .
8444
« on: January 16, 2015, 07:36:51 PM »
Isn't that kinda desecrating Mecca? I mean it is supposed to be a safe haven from war...
Not historically. I mean, Muhammed did essentially allow at least one Jew to be murdered there.
8445
« on: January 16, 2015, 07:34:27 PM »
I feel kinda dumb for asking this... but I'm actually clueless.
The inflation on these interest rates, how can that relate to the inflation of produce or is it entirely unrelated?
Woah woah woah, slow down buddy.
Inflation is an economy-wide increase in the price level, there isn't an inflation 'on' interest rates.
Okay.
And... like...
I can't mentally bridge the gap between macro and micro economics.
When the Federal Reserve talks about raising or lowering interest rates, they're talking about the fed funds rate--a very specific interest rate to do with interbank trading.
8446
« on: January 16, 2015, 07:28:20 PM »
I feel kinda dumb for asking this... but I'm actually clueless.
The inflation on these interest rates, how can that relate to the inflation of produce or is it entirely unrelated?
Woah woah woah, slow down buddy. Inflation is an economy-wide increase in the price level, there isn't an inflation 'on' interest rates.
8447
« on: January 16, 2015, 07:27:22 PM »
where I talked about getting rid of political parties...
Which is even worse and increase corruption still. There'd be no ideological cohesion to stop corrupting influences from permeating the legislature, and it'd cause further issues with partisanship which America faces today.
8448
« on: January 16, 2015, 07:23:21 PM »
Everybody would get equal funding... how is that corrupt?
Bureaucrats will be running around all over the place trying to secure the government best within their interests. It's not financially respectable, either. How do you decide whether or not a third-party should qualify for full-funding? It just doesn't work.
8449
« on: January 16, 2015, 07:20:36 PM »
State funded political campaigns
That would increase corruption. Bureaucrats will be running around all over the place trying to secure the government best within their interests. Plus, I don't want my tax money paying for a party I don't support.
8450
« on: January 16, 2015, 07:19:27 PM »
No doubt due to the depression of oil prices we're currently witnessing. Just read it in the FT.
It's going to complicate the Federal Reserve's job of raising interest rates too, because they're going to want to bring inflation back up.
8451
« on: January 16, 2015, 07:14:29 PM »
Hopefully when Syriza wins the elections in Greece
May God help us all.
why?
They'll ruin Greece.
8452
« on: January 16, 2015, 07:13:24 PM »
I'm loving it.
8453
« on: January 16, 2015, 07:00:11 PM »
Why the fuck are you even making this into a bigger deal than it needs to be? Why are you spreading it to a second thread?
How are you this fucking obnoxious?
8454
« on: January 16, 2015, 06:59:34 PM »
Why do you always make AMA's when other people do?
I'm just riding the wave, baby. I see other people do it, and I think 'why not?'
8455
« on: January 16, 2015, 06:57:10 PM »
When the fuck did Door even do this?
Plus, the mods told you that it's because your thread turned into a shitfest. Fuck, LC even told me nothing in the OP was against the rules.
8456
« on: January 16, 2015, 06:52:20 PM »
100pc legit
8457
« on: January 16, 2015, 06:50:42 PM »
Yes. I do.
8458
« on: January 16, 2015, 06:35:29 PM »
it was way worse than what I did
You know I don't care which was 'worse'.
8459
« on: January 16, 2015, 06:32:44 PM »
I wasn't even aware Door had made up that Arky committed suicide.
8460
« on: January 16, 2015, 06:17:02 PM »
I did this in 25 seconds.
Could you make the fanciful writing a bit more obvious? I can't really read what it says. I do like it, however.
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