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for anyone ingrained with traditional thinking on markets one of the hardest things to let go of , i know it was for me, is the idea that markets participants are rational and that if markets are not interfered with they will self-correct more or less harmlessly when they get too high or too...

Well, "forever" may be an overstatement. Can we agree on "for as long as the Central Bank, i.e., 'the government' wants" as a substitute. And yes, I think it is proven. Consider Japan for example. I sense that you're wanting to insert party politics and ideology into the discussion, but I'm...

It would be good for those who are concerned about U.S. sovereign debt and deficit spending (deficits actually do matter) to take a step back and consider how money moves from the government's treasury into the economy and how it comes back out of the economy. Every penny that is in the private...

Are you sitting down? :D All of the money the government spends was "printed" at some point, I.e., it was created with a few keystrokes as a deposit into the Treasury's account at the Fed. (I hope you were siting down for that!)

Well, there are at least two things we can both be highly confident of: 1) the USD will be the only currency acceptable for paying U.S. taxes, and 2) The money the U.S.Treasury spends into the U.S. economy will only and always be the USD. And I think there is a third thing we can be just about...

I think you misunderstood my post. While it is possible for the central bank to hold the overnight rate at near zero indefinately by letting reserves rise i don't anticipate the us central bank doing this . You will see rates rise some at a measured pace from what has been extraordinarily low...

I would suggest you would find a modern text on money and banking helpful in understanding fiat money and the role of deficits. Many are surprised when they learn that U.S. government sector debt equals private sector savings. They balance to the penny. That's why the debt clock could just as...

The surprising thing is that it is possible for essentially zero interest rates to last for ever. Zero base rates at least. Fiat money is created as needed of course, but responsibly assuming the money supply is managed. And most of it is complemented by bond issue. I.e, it acts as though it...

Hmmm, the Japanese yen seems to be doing fine despite debt of 200% of GDP and near zero interest rates for years. Perhaps your missing something important.

What do you mean by the word "debase"?

Indeed, it's a little disconcerting at first. I should have checked to make sure you were sitting down before posting that. Of course tax obligation is by no means the only think that gives the USD value and stability. It is exchangeable for U.S. made goods and services, and because it's an...

What gives the USD stability and value is that it is the only legal tender for paying U.S. taxes. If you need to pay U.S. taxes you will have to do something to acquire USD. And the Government has the power to enforce its taxation. On the other hand, the Government can both create and spend...

Thank you for clearing that up. I now see where you were going with your argument.

You were more attracted to Bill. I know that's true. I read it on the internet.

You know , jem, technically you are right. If we are going to be as accurate as possible we will use the term plurality because there is often more than two candidates on the ballot. Please feel free to change every where i said "minority" to "non-plurality". There now, is that better? Now...

:D

Unfortunately You are wrong on several counts. For one, I am not a "Hillary boot licker", I am not even a Democrat. I did not support Hillary in the election. I contributed to another candidate. But I did vote for Hillary. What else could any reasonably informed person do. But I am a...

That's defective logic. It would be construed as an endorsement of, to use your term, "white nationalists", not necessarily the KKK. KKK members are, generally speaking, white. Some, many, or most are, generally speaking, nationalists. But not all KKK members are necessarily "white...