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We could be the first on the path to correcting this savings glut!

One contributor to too much saving is too large deficits and/or insufficient taxation. The U.S. may be experiencing both causes simultaneously. Interestingly, the Biden Tax gurus may agree with you. What they are proposing are modest tax revenue increases levied on high earners and corporate...

Well, that's a fine question. I suppose I'm not the one to give you an answer you may want, but I'll take a stab at it, do my best, and hope I don't disappoint. I would argue that there is no debt owed to anyone by the U.S. Government, not at this stage of the Republic anyway. In Ben...

I do agree Powell should be replaced with someone who better understands what they are doing. Elizabeth Warren should be listened to in this regard. We have inflation which looks worse than it is relative to the little inflation we have had the past 15 years. The fuel for inflation was...

I am not challenging your observation that agencies of even the Great Nations and their numerous politicians treat government debt as though it is real debt, and even define it as though it had all the same characteristics as private sector debt. Certainly that's what the Congressional budget...

Part of your misunderstanding is coming from not realizing that what the Great Nations like the UK, Canada, the U.S., Australia, Japan, etc. call debt is not actually real debt. But this is far to complicated to try and explain here. You must study modern money theory to be able to understand...

What about the my pillow guy, or Phil Swift and his FlexSeal show?

Google "Nathan Tankus Platinum coin" for interesting commentary.

I thought i had made sufficiently clear that own currency is a necessary but NOT SUFFICIENT condition. The reason you're having so much trouble with this is you know practically nothing about money theory. You should stop jumping to conclusions in a field you know nothing about. Read and...

Start by reading carefully what i wrote. Not by assuming you are correct and i am wrong. On 1, all those nations you mention have real debt because they were forced to issue debt in other nations' currencies. They do not have sufficient sovereignty over their own currencies to avoid this! 2...

Yes. Doing nothing will lead to, at first, sequestering, i.e., delayed payment of certain obligations. By the Time Senators stop getting paid they'll decide it's time to act like adults. Money Can Not always be printed. Not legally. Congress must approve. If the Republicans filibuster to...

It certainly seems that way, doesn't it. Like the government was a person or corporation. :D You have lots of company with this kind of thinking. You can at least take pleasure in that. You might want to toodle on over to post#39 in the thread "The Risk of Rising Inflation" , this same...

This absurdity is only possible because of a fiction. The fictional part is U.S. debt. The U.S. has no debt. It has only a specter of bad monetary policy and poor fiscal decisions. These are avoidable with a rational Congress. For those who think the government is both their enemy and...

The U.S. can not go bankrupt. It can make the dollar worthless, but it can not go bankrupt.

Let me take a moment to make a few basic points that you're not aware of. 1. The countries of the EU monetary union all issue bonds denominated in euros, but none of them has sovereign control over the issuing of Euros!! The debt of these EU nations is real. 2. The situation as to the...

What debt levels are you speaking of?

How can I say it? This is so wrong , that there is no word in the English language that can be used to express its utter and absolute its wrongness.

I refuse to admit it, but I think your right! -- just don't tell anyone.

I don't do social media. One of my many failings. I compensate by knowing that deficits are how we get additional "outside" or "base" money into the economy. And although I admit to not having kept up to date on "acronyms," on a good day I can still spell the word. It's struggle enough for...

o_OYou are very up to date. I had to look it up.