Red Mosquito

bart wrote:I’m afraid thodoks is dead - if that post didn’t summon him something must be terribly wrong

bune wrote:ok buner.

let's assume I had a shitty econ 101 and 201 professor (because I did) and that also both of those classes were taken in 2005. Maybe 2004, I'd have to look at my grades.

Bi_3 wrote:

bune wrote:ok buner.

let's assume I had a shitty econ 101 and 201 professor (because I did) and that also both of those classes were taken in 2005. Maybe 2004, I'd have to look at my grades.

I wasn’t trying to be a dick, it’s actually not a simple question, but one we have all wondered. I’ll give ‘doks a day or so then try to answer but maybe googling quantitative easing might help

tragabigzanda wrote:

Bi_3 wrote:

bune wrote:I should have expected that, but it's a serious question.

I think you are confusing the nominal value of fiat currency with its purchasing power in the global market.

classic bune

bune wrote:how can you run out of money if it's just numbers in a computer?

bune wrote:That's fair. I've been thinking about it overnight and trying to come up with what my actual complaint/question is. In-between work assignments I'm going to piece a larger post together.

These kinds of stories felt most real and urgent and indelible to me this past decade, a decade without a single month of recession, when the United States grew to its wealthiest point ever—and when the middle class shrank, longevity fell, and it became clear that a whole generation was falling behind. The central economic dynamic of the 2010s was that no matter how well the market was doing, no matter how long the expansion lasted, no matter how much the economy grew, families still struggled. It was a decade that strained America’s idea of what economic growth could do, and should do, because it did so little for so many.

bune wrote:https://www.theatlantic.com/ideas/archive/2019/12/road-late-capitalism/603769/

These kinds of stories felt most real and urgent and indelible to me this past decade, a decade without a single month of recession, when the United States grew to its wealthiest point ever—and when the middle class shrank, longevity fell, and it became clear that a whole generation was falling behind. The central economic dynamic of the 2010s was that no matter how well the market was doing, no matter how long the expansion lasted, no matter how much the economy grew, families still struggled. It was a decade that strained America’s idea of what economic growth could do, and should do, because it did so little for so many.

McParadigm wrote:Valuable, thought-provoking and worthwhile contribution

McParadigm wrote:It’s not about the quality of the argument, but whether or not the author took the effort to functionally communicate it

Green Habit wrote:Somewhere, thodoks is engaging in a Cape Fear style laugh, either out loud or silently in his mind.