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It does, and it's no problem at all. We just print what we need that we don't already have any time we want to buy back our bonds. If we want to, we could buy back all the trillions of dollars of bonds out there in relatively short order, but opinions very on what the result would be. Japan...

Thanks for giving it a try. A lot of folks have real trouble with this because we are so used to thinking of the Treasury borrowing whenever they spend in deficit. But in reality the government always money finances its expenditures, i.e., they print what they need but don't have. Only after...

Yes indeed. I am strongly in favor of that. If vaccination is not mandatory, we will not achieve rapidly enough the high percent of population fully vaccinated we must have to have a chance of wiping out the Covid virus. We will be doomed to annual vaccination for Covid as it continues to find...

The U.S. has no debt. It prints all the money it needs beyond what already exists. The bonds the Treasury sells into the private sector are, in effect, an interest paying form of money. When the Treasury sells a bond it is simply exchanging an interest paying form of money for a non-interest...

This is where we would have a difference of viewpoint. I think the window of opportunity to wipe this virus out is still with us.

Lovely example of one of a thousand reasons why good government is needed. It is needed to draw the line between where one person's right ends and another's begins. No individual or entity other than government can both make these types of decisions and also make them stick.

Printing is controlled by Congress, not the fed! The Treasury must spend as the Congress dictates. When the Treasury spends in deficit, an overdraft in its account at the fed results. The fed always covers this overdraft, which is the "printing" you refer to. The fed, however, has no choice...

Biden was incorrect when he said that. The facts are that the doubly vaccinated have a small chance of becoming ill from Covid, a very small chance of needing to be hospitalized, and a vanishingly small chance of dying from Covid. The correct statistics to back up these statements have already...

The reason they should care, and the reason all of us should care, is that those selfish holdouts who are free riders on the rest of us are dooming the rest of us to a lifetime of covid booster shots as the virus continues to find new hosts and continues to mutate. Whereas if virtually everyone...

Any of them will do.

A sensible response. Better get vaccinated as soon as possible. I would suggest the standard two shots a month apart. Even though you were exposed previously.

Think about what you are implying here. If these businesses can't hire workers and still make a profit they don't have a viable business. I think that is wrong in most cases. In most cases they can hire if they raise the wage they pay. They will need to adjust...

Don't you think this approach should be modified according to the virility and damage created by the pathogen? When it comes to Covid-19, I think waiting for immunity through prior infection is a very bad idea if you have vaccination as an alternative. There are no vaccines available where it...

There are still plenty of worthwhile things to do that can't be done as well by robots as by humans. We need to pay people well to do them, as many of these things require education or specialized training. Let government pay for the education and training; let the pay furnish the incentive...

You may be the one missing the most important point. The Money for sitting on the Couch was temporary. It's ending. We will reset at a more reasonable wage level for these workers, and with possibly somewhat more automation. Public acceptance and competition, or its lack, will determine what...

Have you seen this post below from Wallet yet? GET DOUBLY VACCINATED NOW! Don't be a fool.

You'll get a lovely response back on Embassy letterhead. Don't forget to glue it into your scrapbook.

So, far i have been proven correct on matters of the economy. (see current corporate earnings and mkt response). But i agree, we will have to await the test of time to see how my predictions for the next three years pan out. I have been horribly wrong in the past, if that's any comfort. Said...

Yah. Right. Whatever.

Of course you are right. Obviously, as the Germans would say, Er hat nicht alle Tassen im Schrank. ( he doesn't have all his cups in the cabinet). I'll admit i am easily suckered into this stuff. I need to reform and follow your excellent advice.