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Zaxel · 26-30, M
yeah all of that is true, government should be sending more money into the economy to stimulate it, doing calls for a cutback isnt going to push things forward, its simplistic thinking. inflation is going to be necessary to stimulate economy, thats why its there in the first place. people dont understand basic economics
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Zaxel · 26-30, M
@Burnley123 yeah thats true. also i think its strange because the thinking is all so short-term too. having an enriched middle and lower class should theoretically lead to long-term profits for everyone. it'll trickle up when everyone is doing well and spending freely, the overall GDP of an economy and its growth rate should increase.
it makes me wonder if its more about some form of class warfare to keep people from increasing their general wealth over people who already have a power hold over the world.
it makes me wonder if its more about some form of class warfare to keep people from increasing their general wealth over people who already have a power hold over the world.
Burnley123 · 41-45, M
@Zaxel Yeah that is pretty much my thinking. In the west, we had 3% annual growth for a long time but that has perminantly disappeared now. So its gonna squeeze profits and or wages because there is a little less pie to go round and what gets squeezed is a political choice.
Also, capitalists do think short term and that is why climate change is something they are not fighting.
Also, capitalists do think short term and that is why climate change is something they are not fighting.
Zaxel · 26-30, M
@Burnley123 i guess its because from the pov of a large asset holder, the expected value of their assets only has so much time to grow before theyre able to make use of it, so its necessarily short-term from that perspective (once you reach a certain level of wealth, the potential increase in that wealth is highly correlated with the overall economy).
china is gonna rule the world, which is a problem because they dont believe in freedom, thats whats truly concerning
china is gonna rule the world, which is a problem because they dont believe in freedom, thats whats truly concerning
Burnley123 · 41-45, M
@TheOneyouwerewarnedabout Read the post dumbass.
TheOneyouwerewarnedabout · 41-45, MVIP
@Burnley123 i answered your stupid fucking primary school Q without the dribble fuck face.. eat a bag of dicks..
Burnley123 · 41-45, M
@TheOneyouwerewarnedabout It would have taken two minutes to read three paragraphs and respond to an argument.
You spend loads of time searching the internet for 'edgy' memes but zero time actually thinking for yourself.
Stay classy bro.
You spend loads of time searching the internet for 'edgy' memes but zero time actually thinking for yourself.
Stay classy bro.
daisymay · 51-55, T
No. It never has been and never will be. It is only useful for Republicans when Democrats are holding the pursestrings and never mentioned at all when Republicans do.
Northwest · M
If I am not mistaken, this is not counter intuitive. Our previous recessions, required deficit spending, on the part of the government, to get things moving again.
FDR's new deal
Post 9/11 deficit spending
Post 2009 deficit spending (resulting in the longest bull market)
These are obviously US based examples, but I believe they are still valid, if universally applied.
FDR's new deal
Post 9/11 deficit spending
Post 2009 deficit spending (resulting in the longest bull market)
These are obviously US based examples, but I believe they are still valid, if universally applied.
Northwest · M
@Burnley123 Deficit spending, usually does not bother me, if properly applied. The issue with our government (and yours I presume), is that conservative governments only want to use that tool, to shore up conservative programs only, but faint at the thought of applying it to game changers, usually progressive agendas.
okaybut · 56-60, M