It Treasury Bills (T-Bonds) that facilitates spending $$ they don't have... Specifically called "Monetizing the debt."But inflation makes debt repayments costlier, reduces the value of land and capital, so doesn’t help government funding…
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
It Treasury Bills (T-Bonds) that facilitates spending $$ they don't have... Specifically called "Monetizing the debt."But inflation makes debt repayments costlier, reduces the value of land and capital, so doesn’t help government funding…
Probably missing something, but I’m not sure how that responds to my point about governments not benefiting from inflation?It Treasury Bills (T-Bonds) that facilitates spending $$ they don't have... Specifically called "Monetizing the debt."
Yes Ma'am, I should've clarified that better. Govts. Create debt, but they really don't HAVE debt... They simply place the debt onto us, our kids, and grandkids...Probably missing something, but I’m not sure how that responds to my point about governments not benefiting from inflation?
That’s a perennial problem - but they also create investment, in people, capital, etcYes Ma'am, I should've clarified that better. Govts. Create debt, but they really don't HAVE debt... They simply place the debt onto us, our kids, and grandkids...
Think of it as "Blame Shifting" on a massive scale, in dollars.
Congrats!I hate to change the subject (actually, I'm desperate to change this subject), but... the meeting I was dreading for today got postponed. The facilitator has strep throat. Hooray for strep throat!
View attachment 2414900
If there were to be a trivia night at ye olde publick house, which category(ies) of questions would you get all the answers right?
I’m not sure I would recognize the difference…!
Ooh good question!I hate to change the subject (actually, I'm desperate to change this subject), but... the meeting I was dreading for today got postponed. The facilitator has strep throat. Hooray for strep throat!
View attachment 2414900
If there were to be a trivia night at ye olde publick house, which category(ies) of questions would you get all the answers right?
Okay, that sounds entertaining!As a metaphor for a classic battle between the forces of good and evil, last night's game had all of the dramatic elements worthy to ne told as a Hollywood epic.
In the end duing a very bleak moment, the forces of good snatched a most triumphant victory out of the jaws of defeat. The guy that hit the grand slam to win the game most assuredly got Royally laid after the game.
Also government and politics, history, geography, and religion. I'd do well in some music, movie, and sports categories but not in others.Ooh good question!
I hope modern government/ politics, classical music, basketball, modern cinema… do we get more niche than that?
Which would yours be?
Yet it’s still in the top 15 credit ratings globallyCompare the national debt to having our credit cards maxed out to the point that every dime of income we make, BARELY covers the interest payment on our cards.... That's where the Govt is at currently, except it's worse, due to their "wordsmithery"...
Say our national debt is $30 trillion.... They also have a line item they call " Unfunded Liabilities" which you or I would call "debt" in our household finances... Last time I checked it, the US Unfunded Liabilities were $220 trillion....
35 trillion and countingCompare the national debt to having our credit cards maxed out to the point that every dime of income we make, BARELY covers the interest payment on our cards.... That's where the Govt is at currently, except it's worse, due to their "wordsmithery"...
Say our national debt is $30 trillion.... They also have a line item they call " Unfunded Liabilities" which you or I would call "debt" in our household finances... Last time I checked it, the US Unfunded Liabilities were $220 trillion....