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Baby Boom To Baby Bust - Martin Armstrong Exposes The Crisis In Socialism
- Thread starter Banjo
- Start date
Actually Japan is a poster child for stagnation and the issues that come along with it with respect to pension and social security funding, healthcare, public debt....(https://www.economist.com/the-economist-explains/2018/11/26/the-challenges-of-japans-demography if you're unaware of this). And it's the poster child for why jingoism and racism are stupidity when it comes to economics (and just stupidity in general, but free speech and all that for you).
We actually have pretty solid empirical evidence of the detrimental impacts of any kind of deflation and the benefits of mild and predictable inflation. Surely you're aware of that given your background in macro economics? If, as your comments suggest, you have zero awareness of the fact that our entire banking and economic system is based on the concept that things will inflate over time, and elimination of that concept takes us back to basically prehistoric civilization, then perhaps a basic grounding in macro would be beneficial to you before forming any more opinions on the matter?
My response was to the supposed necessity of population growth, not monetary inflation. Taking at face value your assertion that mild inflation is desirable, you can certainly generate inflation whether population is rising, falling, or stable - just print cash and hand it out.
I've been hearing about "the challenges of Japan's demography" for two decades, and economists have been chirping about the country's supposed stagnation and endless depression for years before that. So when is the reckoning finally going to arrive? Where are the old people dying in the streets, where's the debt implosion, where are the falling living standards and spiraling economic collapse from falling demand or lack of workers or whatever else?
On the labor front, I was in Japan just last year and saw the same old over-employment as always. I recall the comical scene of three prime-working-age crossing guards posted at a small, lightly-trafficked intersection where some road work was underway - or would've been underway, except it was nine in the evening. This is the great world-ending labor shortage? It's all just ideologically driven nonsense.
Is it true that the Japanese central bank owns nearly all the financial assets in Japan?
Deflation kills the entire economy and therefore is detrimental to everyone no matter how awesome you are to exploit your freedom in life. So since deflation is pretty generally accepted as very bad and mild inflation is not nearly as bad, and balancing on the knife edge more or less impossible, we accept mild inflation. So what you're decrying is the status quo, the dollar you had yesterday is worth slightly less today if you don't spend it. The alternative to that is reliving 1929-1940. Or maybe a new idea like @nooby_mcnoob proposed.
Your myopic view is exactly that... one dimensional.
The money supply is a (very)small fraction of the the actual money supply which is created through LENDING/CREDIT! NOT THROUGH SPENDING! And don't forget when Aldi comes in and buys an asset, like real estate for instance, the seller now has money that did not previously exist in the money supply. Does that mean you have to include interest rates, and international capital flows, and credit, and central banks, and consumers, and for that matter, what money is? Well, yes, yes it does mean that.
it sounds like 3rd world voodoo economics. they practice it and they remain as 3rd world countries.You understand one of the purposes of inflation right? Prevent hoarding, encourage consumption.
it sounds like 3rd world voodoo economics. they practice it and they stay as 3rd world countries.
Ah you have mistaken me for someone who agrees with what it's used for. Once you present a solution for managed inflation (for example, X amount added to everyone's account monthly as a cryptocurrency), you'll see that the purpose of inflation was wealth transfer from everyone to a select few.
from tiddlywinks
Your myopic view is exactly that... one dimensional.
The money supply is a (very)small fraction of the the actual money supply which is created through LENDING/CREDIT! NOT THROUGH SPENDING! And don't forget when Aldi comes in and buys an asset, like real estate for instance, the seller now has money that did not previously exist in the money supply. Does that mean you have to include interest rates, and international capital flows, and credit, and central banks, and consumers, and for that matter, what money is? Well, yes, yes it does mean that.---------------------------
addressed to tiddly winks by sig "perhaps a basic grounding in macro would be beneficial to you before forming any more opinions on the matter."
you,
Sig, you should get a grounding in business cycles to understand the role deflation plays in creating a healthy economic cycle.
Your myopic view is exactly that... one dimensional.
The money supply is a (very)small fraction of the the actual money supply which is created through LENDING/CREDIT! NOT THROUGH SPENDING! And don't forget when Aldi comes in and buys an asset, like real estate for instance, the seller now has money that did not previously exist in the money supply. Does that mean you have to include interest rates, and international capital flows, and credit, and central banks, and consumers, and for that matter, what money is? Well, yes, yes it does mean that.---------------------------
this is the usual crap that you(Sig) delivers. it is mixed with seeing racism in every corner. you are an amateur race baiter.Actually Japan is a poster child for stagnation and the issues that come along with it with respect to pension and social security funding, healthcare, public debt....(https://www.economist.com/the-economist-explains/2018/11/26/the-challenges-of-japans-demography if you're unaware of this). And it's the poster child for why jingoism and racism are stupidity when it comes to economics (and just stupidity in general, but free speech and all that for you).
We actually have pretty solid empirical evidence of the detrimental impacts of any kind of deflation and the benefits of mild and predictable inflation. Surely you're aware of that given your background in macro economics? If, as your comments suggest, you have zero awareness of the fact that our entire banking and economic system is based on the concept that things will inflate over time, and elimination of that concept takes us back to basically prehistoric civilization, then perhaps a basic grounding in macro would be beneficial to you before forming any more opinions on the matter?
addressed to tiddly winks by sig "perhaps a basic grounding in macro would be beneficial to you before forming any more opinions on the matter."
you,
Sig, you should get a grounding in business cycles to understand the role deflation plays in creating a healthy economic cycle.
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it's a solution looking for a non-existent problem.Ah you have mistaken me for someone who agrees with what it's used for. Once you present a solution for managed inflation (for example, X amount added to everyone's account monthly as a cryptocurrency), you'll see that the purpose of inflation was wealth transfer from everyone to a select few.
Exactly. deflation and all , there are Japanese tourists all over the placeMy response was to the supposed necessity of population growth, not monetary inflation. Taking at face value your assertion that mild inflation is desirable, you can certainly generate inflation whether population is rising, falling, or stable - just print cash and hand it out.
I've been hearing about "the challenges of Japan's demography" for two decades, and economists have been chirping about the country's supposed stagnation and endless depression for years before that. So when is the reckoning finally going to arrive? Where are the old people dying in the streets, where's the debt implosion, where are the falling living standards and spiraling economic collapse from falling demand or lack of workers or whatever else?
On the labor front, I was in Japan just last year and saw the same old over-employment as always. I recall the comical scene of three prime-working-age crossing guards posted at a small, lightly-trafficked intersection where some road work was underway - or would've been underway, except it was nine in the evening. This is the great world-ending labor shortage? It's all just ideologically driven nonsense.
it's a solution looking for a non-existent problem.
It's a good question: why do we need permanent growth? The answer is that money is created through debt. Economic machine 101. But what happens if money isn't created through debt? Growth becomes difficult.
It's a balancing act. I think a more transparent approach to inflation would be a fair trade. But the entire point of the current system is to slowly steal from everyone for the benefit of the few.