Announcement

Collapse
No announcement yet.

Business, Economics & Tax Policy 7: Workers of the world unite!

Collapse
This topic is closed.
X
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Re: Business, Economics & Tax Policy 7: Workers of the world unite!

    Originally posted by aparch View Post
    84,900,000 Acres of National Park Land x $3,000 low end price per acre as an estimate = $254,700,000,000

    Hmmm. Not going to be enough to wipe out the national debt.
    That ain't ****.
    **NOTE: The misleading post above was brought to you by Reynold's Wrap and American Steeples, makers of Crosses.

    Originally Posted by dropthatpuck-Scooby's a lost cause.
    Originally Posted by First Time, Long Time-Always knew you were nothing but a troll.

    Comment


    • Originally posted by Kepler View Post
      For the economists out there, what would happen if every foreign government stopped buying US debt, dumped their US dollar reserves, and stopped accepting dollars to denominate transactions?

      Would it just create a buying opportunity for private entities and nothing would happen to the US economy? Or would we be well and truly f-cked?
      Why would a govt want to throw away their assets? Those $$$s are worth something.

      Of course they only cost our govt 30 cents to make $100 bill
      So however many they want, the treasury will print them up
      a legend and an out of work bum look a lot alike, daddy.

      Comment


      • Re: Business, Economics & Tax Policy 7: Workers of the world unite!

        Originally posted by Kepler View Post
        For the economists out there, what would happen if every foreign government stopped buying US debt, dumped their US dollar reserves, and stopped accepting dollars to denominate transactions?

        Would it just create a buying opportunity for private entities and nothing would happen to the US economy? Or would we be well and truly f-cked?
        First, the debtholders would experience issues with getting a favorable return on their investment. Making a statement against the US by taking such an action would require severe commitment to the cause, to the tune of billions or trillions in lost investment capital.

        Second, the USD would tank. With all the US debt in the open market, the USD would have so much supply with so little demand that our currency wouldn't be worth much at all. We would see a lot of inflation as all foreign made goods would skyrocket in price, as would those domestic goods with foreign made parts. Really, inflation would kill the public when it came time to replace any consumer electronics, automobile, or clothing. At the same time, American producers of exported goods would be hog heaven as their goods could reach new consumers - those who couldn't afford these goods in the past. Assuming the foreign debtholders could handle the investment write-off, foreign consumers would be in a much better situation.

        Adding to our issues, with the USD being so depressed, a new currency would soon become the international standard, used for trading oil and various other goods on the open markets. That would free up the US to practice a more straightforward monetary policy.
        "The party told you to reject the evidence of your eyes and ears. It was their final, most essential command." George Orwell, 1984

        "One does not simply walk into Mordor. Its Black Gates are guarded by more than just Orcs. There is evil there that does not sleep, and the Great Eye is ever watchful. It is a barren wasteland, riddled with fire and ash and dust, the very air you breathe is a poisonous fume." Boromir

        "Good news! We have a delivery." Professor Farnsworth

        Comment


        • Re: Business, Economics & Tax Policy 7: Workers of the world unite!

          Originally posted by mookie1995 View Post
          Why would a govt want to throw away their assets?
          They're not burning them they're selling them off -- turning them into other things of value. The question I'm asking is what would happen if all other governments decided, for whatever reason, that they wanted to get out of US debt and dollars. Let's assume private holders don't necessarily make the same calculation. The conventions of economics still hold, but governments are no longer in the market for US securities.
          Cornell University
          National Champion 1967, 1970
          ECAC Champion 1967, 1968, 1969, 1970, 1973, 1980, 1986, 1996, 1997, 2003, 2005, 2010
          Ivy League Champion 1966, 1967, 1968, 1969, 1970, 1971, 1972, 1973, 1977, 1978, 1983, 1984, 1985, 1996, 1997, 2002, 2003, 2004, 2005, 2012, 2014, 2018, 2019, 2020

          Comment


          • Re: Business, Economics & Tax Policy 7: Workers of the world unite!

            Originally posted by St. Clown View Post
            First, the debtholders would experience issues with getting a favorable return on their investment.
            Is US debt really the only safe harbor on the planet?

            If that's true, it doesn't sound like the global economy is very successful.
            Cornell University
            National Champion 1967, 1970
            ECAC Champion 1967, 1968, 1969, 1970, 1973, 1980, 1986, 1996, 1997, 2003, 2005, 2010
            Ivy League Champion 1966, 1967, 1968, 1969, 1970, 1971, 1972, 1973, 1977, 1978, 1983, 1984, 1985, 1996, 1997, 2002, 2003, 2004, 2005, 2012, 2014, 2018, 2019, 2020

            Comment


            • Re: Business, Economics & Tax Policy 7: Workers of the world unite!

              Originally posted by St. Clown View Post
              Making a statement against the US by taking such an action would require severe commitment to the cause, to the tune of billions or trillions in lost investment capital.
              Huh. The US is too big to fail.
              Cornell University
              National Champion 1967, 1970
              ECAC Champion 1967, 1968, 1969, 1970, 1973, 1980, 1986, 1996, 1997, 2003, 2005, 2010
              Ivy League Champion 1966, 1967, 1968, 1969, 1970, 1971, 1972, 1973, 1977, 1978, 1983, 1984, 1985, 1996, 1997, 2002, 2003, 2004, 2005, 2012, 2014, 2018, 2019, 2020

              Comment


              • Re: Business, Economics & Tax Policy 7: Workers of the world unite!

                Originally posted by Kepler View Post
                Is US debt really the only safe harbor on the planet?

                If that's true, it doesn't sound like the global economy is very successful.
                No, it's not the only good government debt for foreign nations to invest. There's just so much of it, and we do have a good credit rating. For now. Also, given the size of our economy, nations like China would buy into US debt as a means of greasing the wheels in gaining entry into the US for their own nationals to purchase assets here and start doing business. I don't know how well that works these days as it's more like purchasing specific pols and not US debt.

                Originally posted by Kepler View Post
                Huh. The US is too big to fail.
                Yes, for all intents and purposes, it is.
                "The party told you to reject the evidence of your eyes and ears. It was their final, most essential command." George Orwell, 1984

                "One does not simply walk into Mordor. Its Black Gates are guarded by more than just Orcs. There is evil there that does not sleep, and the Great Eye is ever watchful. It is a barren wasteland, riddled with fire and ash and dust, the very air you breathe is a poisonous fume." Boromir

                "Good news! We have a delivery." Professor Farnsworth

                Comment


                • Re: Business, Economics & Tax Policy 7: Workers of the world unite!

                  Dudes!!!

                  There is a reason the US is the planets protector
                  a legend and an out of work bum look a lot alike, daddy.

                  Comment


                  • Re: Business, Economics & Tax Policy 7: Workers of the world unite!

                    Originally posted by mookie1995 View Post
                    Dudes!!!

                    There is a reason the US is the planets protector
                    No.
                    **NOTE: The misleading post above was brought to you by Reynold's Wrap and American Steeples, makers of Crosses.

                    Originally Posted by dropthatpuck-Scooby's a lost cause.
                    Originally Posted by First Time, Long Time-Always knew you were nothing but a troll.

                    Comment


                    • Re: Business, Economics & Tax Policy 7: Workers of the world unite!

                      China exists to sell to the US market.

                      Their factories would grind to a halt if the US was unable to buy.
                      a legend and an out of work bum look a lot alike, daddy.

                      Comment


                      • Re: Business, Economics & Tax Policy 7: Workers of the world unite!

                        Originally posted by mookie1995 View Post
                        Dudes!!!

                        There is a reason the US is the planets protector
                        https://www.youtube.com/watch?v=scK_z4YKLf8
                        Cornell University
                        National Champion 1967, 1970
                        ECAC Champion 1967, 1968, 1969, 1970, 1973, 1980, 1986, 1996, 1997, 2003, 2005, 2010
                        Ivy League Champion 1966, 1967, 1968, 1969, 1970, 1971, 1972, 1973, 1977, 1978, 1983, 1984, 1985, 1996, 1997, 2002, 2003, 2004, 2005, 2012, 2014, 2018, 2019, 2020

                        Comment


                        • Originally posted by Kepler View Post
                          Huh. The US is too big to fail.
                          You owe the bank 100, the bank owns you.

                          You owe the bank 10 trillion, you own the bank.

                          Comment


                          • Re: Business, Economics & Tax Policy 7: Workers of the world unite!

                            Originally posted by mookie1995 View Post
                            China exists to sell to the US market.

                            Their factories would grind to a halt if the US was unable to buy.
                            The Europeans have a long and storied history of buying good made by slave labor.

                            Maybe the Western Hemisphere is temporary and in 2092 it wink back outs through a wormhole. The Azores are just a couple hundred miles east of Japan. And... begin!
                            Last edited by Kepler; 06-07-2018, 04:10 PM.
                            Cornell University
                            National Champion 1967, 1970
                            ECAC Champion 1967, 1968, 1969, 1970, 1973, 1980, 1986, 1996, 1997, 2003, 2005, 2010
                            Ivy League Champion 1966, 1967, 1968, 1969, 1970, 1971, 1972, 1973, 1977, 1978, 1983, 1984, 1985, 1996, 1997, 2002, 2003, 2004, 2005, 2012, 2014, 2018, 2019, 2020

                            Comment


                            • Re: Business, Economics & Tax Policy 7: Workers of the world unite!

                              Originally posted by Kepler View Post
                              I've never seen FG. After this clip I want to watch all of it in order.
                              Originally posted by unofan View Post
                              Like most comedies, Family Guy is hit or miss. There's about a quarter that is poignant and hilarious, about a quarter that completely misses the mark, and about 50 % that's good for a chuckle and not much more.
                              But at least they're self-aware.

                              Comment


                              • Re: Business, Economics & Tax Policy 7: Workers of the world unite!

                                Originally posted by Kepler View Post
                                Huh. The US is too big to fail.
                                That's pretty much the basis for MMT as far as I can tell.

                                Comment

                                Working...
                                X