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elfenix

Certifiably Surly
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Posts posted by elfenix

  1. 3 hours ago, Bozo_Casanova said:

    That’s nonsense. Running a balanced budget or a modest surplus during protracted periods of expansion to allow the debt/GDP ratio to resettle and store dry power for the next recession does not cause recession, that’s crackpot nonsense. That entire argument is based on the self-evident observation that recession follows boom.

    No shit- it’s called the business cycle.

    business cycles aren't determined exogenously.  the government is a huge component of it, and you're advocating vast recessionary pressures be applied intentionally. and then claiming it doesn't have anything to do with the outcome.  now that's nonsense.

  2. 1 hour ago, Hornius Emeritus said:

     

    Last time we ran a surplus it caused two recessions?  What?

     

    1 hour ago, Brisketexan said:


    He thinks correlation is causation. Let him be.

    running surpluses removes private wealth from the system and is a recessionary pressure by itself.  basically, the flows between private sector, government , and foreign trade balance to 0.  well, foreign trade is a big negative, so if you want private wealth accumulation, you need the government to take on debt.  so, that helped cause the first. 

    the second is a bit more of a necessary but not sufficient explanation: when US treasuries dried up and looked to be drying up for a long time, the financial industry needed something else to backstop the system.  it turned to MBS.  yay.

  3. 1 hour ago, Bozo_Casanova said:

    This is a bit, right?

    Somebody tell me this is a bit.

    i mean, it's better fiscal policy than austerity during a recession, but last time we ran a surplus it caused two recessions.  so, yay?




  4. That’s cute. A balanced budget or surplus is a good idea during expansion and a bad idea during recession. That’s why I didn’t say balanced budget amendment. Because a balanced budget amendment is stupid.
    Nice try, but you may be knocking at the wrong person’s door on this one.


    That's the conventional wisdom, at least. We get a recession every time we do it so I don't know why it's considered a good idea.
  5. 6 hours ago, Bozo_Casanova said:

    He’s been low key talking for about a year, has lots of traction in Mt and Pacific time zones, but Corp media as based in East Coast and hasn’t tracked him. That’s going to be his major hurdle. He should also make balanced budget co-equal to climate change at the top of his issues, but he’s the rare no-bullshit progressive Democrat, sort of a lefty version of Kasich. Not moderate, but very practical.

     

    shitty economic ideas i liked in high school for $400, alex.

  6. i'm sure mitt "47%" romney really is going to rock the boat.  filthy rich got their massive tax cut and will line up behind entitlement "reform" next.  but it's the character of the president that's the problem, not shitty republican economic policies that we've been repeating over and over again with nary a pause for the last 40 years.

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  7. 3 hours ago, NoName said:

    Jenny Smoked Burger and Tornado Fries - on Main St, great burgers in town

    unless it moved it's easy to miss.  it's on a flag lot behind another building with the driveway being the only frontage on main.  burgers are good, fries are finominole. 

    • Like 1
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