iNow

In a weird way, Peterkin is trollish, but in a way that’s polite enough to avoid banning, but who simultaneously hijacks and needlessly spins wheels in nearly every thread he joins. High post count, low post quality… net drain instead of net add in discussions #shotsfired #meta

Yes, and we’ve learned a lot in the intervening 60 years… like how to use a computer to correct for these things Jealousy is a cruel mistress

The thing I hate most about this effort is I’m not one of the folks onboard.

Pretty sure we had this same conversation about 6 years ago, but for purposes of this thread it suffices to say that it wasn’t debt. Summarized: It was forcing them to implement austerity from the outside when they needed the opposite. It was also a refusal to let them move to their own currency to make improving revenues more possible. Finally, the situation was made worse than it needed to be bc folks kept treating it as a moral / political issue instead of an economic one.

So, too much spending from world governments leads to copious enjoyment of baklava and saganaki and sips of ouzo while viewing beautiful sea vistas and ancient sculptures? Seriously… That sounds lovely. Either governments need to hurry up and start doing more debt spending, or you need to be ever so slightly more specific. Greece’s economy tanked bc of rampant tax evasion and lost revenues experienced in parallel with not having their own currency to adjust. It was made worse by the fact that they were far less productive in terms of foods and services relative to other nations also using that same one currency…. Then when a bailout was ultimately offered to save them, they refused to adhere to the conditions set forth for receiving those funds. That’s not a problem stemming from debt. It’s from fraud, hubris, and gross incompetence.

And this is in any way whatsoever relevant to my point in the text you quoted… how exactly?

Most of the best engineers and experts I’ve known over the decades have been those best familiar with history and the humanities.

Seek mental help. You won’t get what you need on an online discussion forum. Explore these ideas with a mental health professional. We’ll all be better for it if you do.

Of course. You’re suggesting some areas of study are more valuable than others. I’m asking you who you think should get to decide which to direct student traffic into and which to cull.

Such as?

Who gets to decide what is useful, or which studies are more useful than others?

Also bc that’s the current split in the senate

50/50

Only until the government promised to spend MORE money. According to our OP, that should’ve made the problem worse, yet it managed to solve it / prevent the knee dropping catastrophe you cite. It was an issue with household debt. Credit given to households that shouldn’t have been given credit…. Credit backed up solely by assets that lost their worth all at once… And insurance companies being unable to pay what they’d promised when those households defaulted. And banks being unable to write more loans… again, global economy was saved by a promise by GOVERNMENTS to spend more. Government debt is different than household debt. I’ll need to keep repeating this core point, apparently.

Unless voting reform happens... like via the legislation currently being proposed by the Democrats, for example.

Yes, that's correct, but existing agreements would be unaffected by future rate changes. If you lock in your mortgage at 3% for 30 years, that doesn't bump up to 11% just because that's the going rate 5 years from now. Your use case just means there'd be less borrowing, which according to you is a good thing... so what's the problem, exactly? Right, but that doesn't apply to countries. As long as others are willing to lend, it doesn't matter (so long as that debt can be serviced). Sorry, you're not making sense, and you're continuing to conflate a household budget with the global economy. Not at all, but what I did forget was to remind our OP in my previous response that this isn't like a household debt. We're talking about the global economy... nations that can print their own money... nations that can write and sign trade agreements... change their revenues with the stroke of a pen. I can't do that in my house. Maybe you can?

According to what metric? You may as well say the financial system is losing it's pizazz... It's meaningless as currently phrased. Given that rates are historically low and practically zero, they have literally nothing BUT opportunity to raise them, significantly or otherwise. How so? You're being evasive I suspect because you don't really understand what you're talking about and are just throwing around buzz words. I'm asking you to be more specific. Can/Will you?

But that's not what I asked you. Please be clear, what do you see bad in this? Again, if debts are being paid, why would inflation and default rates increase? You are conflating them, but they're different things. Debt is not a problem so long as it continues being properly serviced. Do you disagree? If so, why and for what reason?

This is another one of those questions that actually can be answered, and your answer is mistaken. There's fairly broad support for more taxes on wealth and the wealthy. They're just not generally as vocal nor as well connected. https://www.reuters.com/article/us-usa-election-inequality-poll/majority-of-americans-favor-wealth-tax-on-very-rich-reuters-ipsos-poll-idUSKBN1Z9141 I appreciate the sentiment here, but most folks aren't getting their information from public broadcasts anymore. Media has become atomized. Basically, but adding funding in the way you suggest, you're still fighting yesterday's war and missing the modern enemy.

Why wouldn't it be?

And what is the consequence you see coming from this, especially if transactions and money flows are still occurring unimpeded regardless of aggregate debt levels?

I'm more and more inclined to believe we're interacting with a poorly programmed bot.

Avoid calling it free. It's not free. There's still a cost. Instead, call it publicly funded education, and yes. I support that. We already have it for K through 12. We should simply extend to include preK through 16.

Nope Good for you. I should care, why exactly? Sorry, but wrong again (and barely even coherent). It was a US Defense Department project created to link computers from Pentagon funded research institutions together over telephone lines. What the AF? Never mind. Don’t answer that. I don’t care.

Possible? Yes. Probable? No. Please try going with just a little bit less ridiculousness and a little more reality in future posts. It will be appreciated.