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Once again hopelessly wrong. Why not do a little research before vomiting out this crap. Roumania, while it does try to issue debt in it's own currency, is compelled to issue some debt in Euros and some denominated in dollars. It has nowhere near the depth of sovereignty needed to avoid real...

that's nonsense.

It's bound to cheer you to know that even the great Keynes, the universally esteemed inventor of Macro-Economics, was imperfect... Keynes recognized the absurdity of a gold standard for a modern economy, and he realized that governments should spend in deficit during recessions. But he also...

This too is hopelessly wrong. Just how do you think new base, i.e., Minsky's "outside money," gets into the economy? Hint: The correct answer is not, "It's dropped from helicopters."

True, when the Sun cools to 0 degrees Kelvin the dollar will be worthless. But why not talk about reality.

Sorry, but you are hopelessly wrong!!! the Countries you mention all issue at least some debt in currencies they don't control. Hungary for example uses the Florint. But what currencies was their recent bond sale issued in? That was the Euro and the U,S, Dollar!!! A further problem fro...

Agreed. This is standard economics. The reason you observe this, in theory at least, is that as GDP increases the amount of base money and credit money in an economy can be increased without causing inflation.* The underlying assumption is that no one will produce that for which there is not...

Name a country you have in mind and lets see if debt is their problem or if sdebt is the symtptom of their problem. As long as you are vague about what country you are talking about. It can't be discussed logically.

That and the fact that the government has no real debt. Certainly not in the sense that State and private sector debt is real.

We need to do those things, but not because we need to be "deficit free". Deficits are the mechanism by which the amount of base money in the economy is expanded. We need more base money in proportion to the growth in the economy.

The truth is we can only be deficit free if our economy stops expanding. More or less permanent deficit spending is essential so long as the economy grows. Otherwise there will not be enough new outside money spent into the economy to supply our needs. Debating the rate at which deficits...

You are aware that members of the EU monetary union don't issue their own currency?

In the words of Wolfgang Ernst Pauli (translated idiomatically of course) "This is not only wrong, it's preposterous!

Yah, that ole Hickory was quite a President alright. :D "Jackson’s triumph contained the seeds of the economy’s undoing. The selling-off of federal lands had led to a real estate bubble, and the destruction of the national bank led to reckless spending and borrowing. Combined with other...

First let me apologize for the sloppy editing in my earlier response to you. I ran out of time and the software would not let me finish editing. I'm not suggesting that there is no limit to how much debt a nation like the U.S., the UK, Canada, Australia, or Japan, etc. can issue. Nor am I...

Sorry. I ran out of time in my post above. So it is not well edited. It's unnecessarily repetitive and wordy. May still be readable.

First let me make a general statement as to private sector debt. On a personal level, when dealing with debt, it's helpful to think in terms of buying power borrowed versus buying power paid back. When you do that, it will be clear that in the private sector, with fixed interest debt, inflation...

I too lost my motivation to respond to your entire list of "demands." When I read your Post which initiated this thread, my thought , which I, until now, have refrained from mentioning, was of Quantum Physicist Wolfgang Ernst Pauli's response to something he found so wrong as to be virtually...

That's precisely what I said, and you could have left off "through index Linked Gilts" and be just as correct!. We agree totally on this! And now having more carefully read what you wrote, which was "linked", and not "due to", as I incorrectly read, I see that you computed what percent of...

Donald Trump, a disgraced former President with a severe Narcissistic Personality Disorder has people sending money to his personal piggy bank, i.e., his PAC. Why would he voluntarily take himself out of the race unless he doesn't have a choice? He's a twice-impeached ex-President who lost...