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In the traditional sense of the meaning of that word; not in the sense of anarco, laissez faire captitalism that you yourself represent and mistakenly describe as "Libertarian". Although I will give you this: the word "libertarian" has been successfully hijacked by americans who oddly describe...

Thank you. And here is an even better source: https://home.treasury.gov/policy-issues/tax-policy/revenue-proposals

you may be a little too gullible when it comes to Zerohedge.

Harris's proposals, it can be argued, are in the nature of investment. They will be paid initially by money creation, just as we "pay" all deficit spending. The intention will be that ultimately her initiatives will be repaid via GDP growth. Let's remember that what we call public debt is not...

It's true, we can have private debt. There is currently, however, no U.S. government debt. It only looks to us in the private sector as though there is such a thing as government debt. No country that has not borrowed using debt instruments denominated in another country's currency has any debt...

Economists have their own definition of "Rents". The best definition of economic "Rents" was giving to me by my economics mentor: "Rent" is the difference between actual price and what the price would be in a perfectly competitive market. Capitalism's ideal economic environment is one where...

Five things: 1. His Trump Bible; 2. His Trump gold tennis shoes. 3. His Trump Premium Vodka 4. His Trump International Golf Club, Club Championship Plaques. 5. His orange jumpsuit.

ipatent, there can only be one person that was born and raised in the United States of America, and claiming to have graduated from Wharton, that does not know how to pronounce "Yosemite". We all know who that person is.

I do!!

"He went to college, but learned nothing." -- John McWhorter

That may be, I would not know. Willie said nice things about Kamala recently.

From front page in today's NYT: That Time Trump Nearly Died in a Helicopter Crash? Didn’t Happen. In a news conference, the former president recounted a brush with death alongside Willie Brown, the former San Francisco mayor. A few aspects of the story don’t hold up to scrutiny. In November...

Canada, Australia, Great Britain, Japan and U.S. C.B.s all work similarly with regard to how the funds rate is controlled. And they all have to obey the same simply identity with regard to spending, taxes, and deficit creation. Don't know exactly how the ECB does it. They don't have a truly...

Now you are asking the right questions! Just keep in mind, for god's sake, that there is no national debt. It's fine to call it debt, just so long as you realize it is not really debt. What we call government "debt" bears no relation to private sector or U.S. State debt. I don't know the...

In my post#45, bottom of the 2nd paragraph "... call our 'Debt' " should be "...call it 'Debt' "

You of course realize that I never post much about the specific amount of new money supplied. Keep in mind that the reserve status of the dollar requires that the U.S. government supply the private sector with more dollars and dollar denominated securities than would be needed were the dollar...

It's tiresome to hear this view of our deficit, including the absurdity of "paying it off"; yet I admit that from the perspective of the private sector, and absent in-depth analysis, our deficit can not be distinguished from real debt. Only when looked at from the perspective of a disembodied...

So, would you like to respond with something substantive? As, for example, what you did have in mind if it wasn't the BRIC countries.

You probably had BRIC in mind when you posted: "...countries have already lost confidence in our currency." That BRIC prefer to carry out trade in their own currencies has nothing to do with losing confidence in the U.S. dollar however. BRIC would like to weaken U.S. dollar hegemony over...

You really should get out of the house more. You're leading far too sheltered a life. This may be my all-time favorite of your many entertaining quips. Not only that. You have suggested a new technique for relieving one's personal impecunity: Just loan money to yourself at interest!!! I have...