Every major developed country central bank is maintaining negative real interest rates.
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Technically they would but at the same time that would be contrary to most central banks mandate
It's not contrary to their mandate, but it is contrary to their chosen money supply control method, the overnight interest rate.
Their poor little heads explode at the thought of negative interest rates. Does not compute.
We'll the military took me to the NE, mid-atlantic, Florida, California, Hawaii, and Alaska and I grew up in the PNW so I'm not really "from" anywhere but have lived almost everywhere in the U.S. I've actually known quite a few migrants, both legal and illegal, I wonder if you have? I'm also an entrepreneur with a decent size payroll, so I know that no matter how many dependents you claim you still have tax withheld. And of course SS and Medicare are withheld no matter what. And it just so happens that my first startup ran auctions, so I not only have a few econ classes under my belt but have actually seen the supply and demand curves in real-world action. So have I "ever thought about supply and demand"? Absolutely, I could write a fricken book on it. And I'll tell you exactly what would happen if every immigrant fruit picker disappeared. Let's say the farmers eventually pay the amount necessary to compel someone who could otherwise be assembling cars, working at a restaurant, or some other blue collar job to switch to one of the absolute worst jobs in the world. The price of pretty much any labor intensive farm crop would double or triple. And that would cause two things. First, classic supply and demand curve, the demand for those foods would go down as price went up, although the curve for basic food is relatively inelastic. We'd basically stop eating fresh fruit. Which would have a far bigger negative impact on jobs, from the farmers to bakers to restaurateurs to ordinary consumers who spend more on fruit and less on other consumer goods, to the people who make those other consumer goods that people spent less on so they could buy enough oranges to avoid the scurvy. Second, we'd start importing most of our food. Neither of those are good for the U.S. economy as a whole or your typical reflexive immigrant hater for that matter. Something to think about, if you're into that whole thinking thing.
I'd note that again you produce a bunch of unsubstantiated anecdotal evidence that isn't even your firsthand anecdotal experience, it's what you picked up in your echo chamber and never thought to actual check. I've provided real numbers, you've provided "I claim Mexican" and a completely unsupported claim that undocumented immigrants are en mass risking severe criminal penalties to "work in one name and claim welfare in another name while scamming the tax system". And not sure where you relative is in California, but when I lived there I personally couldn't find a contractor, lily white or otherwise, who would work for less than $75/hour, and it was damn hard to find one who wasn't booked for months if not literally years. If your relative is out of work, there's a reason and it has a lot more to do with either their lack of business savvy, quality of work, or laziness than it does some mythical amigo. Nice to have a boogyman to blame though, wouldn't want to take any personal responsibility would we?
I'll extend the same offer to you as I did to the other guy who was apparently so terrified of it that it reduced him to middle school insults. Come work in the fields with me for a day. Just one day. Then we can have an intelligent conversation.
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Wouldn't that cause a currency crises at some point...hyper-inflation possibly?
You can deny it happens all you want, but apparently you’ve lived a sheltered life and aren’t to street savvy. By the way the one having trouble in CA is a nonwhite immigrant. He started out more than successful it’s why he got into it but the illegal immigration is catching up to him. You can spit and spout all you’re textbook by the book scenarios. But if you believe that textbook stuff well then I guess by the book there aren’t people that are allowed to just walk across the border and by the book you certainly don’t work in the US without proper documentation. As an employer you know this if you can’t recognize claiming several more dependents than you actually have isn’t also pulling one over on the tax system idk what to say. You must pay your employees pretty crappy if someone claiming 2 and someone claiming 8 have the same tax liability.
I wouldn’t be so cocky because you worked picking fruit for a day. Someone like you would probably cry foul if you seen the hours and jobs I worked when I was a younger. Echo chamber no I just come from the neighborhoods and areas that you’d probably crap your pants to walk into. I have legal and illegal immigrants in my family circle, not to mention growing up all around me You just think I’m talking Sh*t cause you really have no clue of reality. You live through textbooks. So you might want to think twice about telling me it’s not my life experience. You probably never seen it from the levels I have with you’re sheltered life. Just cause no text book or government issues pamphlet tells you the crap I just told you don’t mean it ain’t happening. I’m fact I’m not against or for illegal immigrants I’m just telling you what happens whether you like it or not and it happens a lot.
Over 20 years in the military and started two successful companies one of them based entirely on supply and demand which you accused me of failing to grasp. Picked berries for a summer, not a day, but a day would be long enough to give you enough of a glimpse of what it was like that you wouldn't be spouting off like you are. Actually did migrant patrols in the military, so experienced that first hand. Lived in every region of the U.S. Is that what you consider a sheltered life? No clue of reality? Seriously? I've been called a lot of things, but those aren't among them.
Are there illegal migrants, absolutely, I know more than a few. Are there migrants who abuse welfare? Yes, a vanishingly small number that are far outweighed by those who pay into the system but get nothing out. There's a lot of fat rednecks abusing welfare and the tax system too, and any other group you want to stereotype. Are immigrants a negative for a first world economy like the U.S.? Well for someone who accuses me of not understanding supply and demand and not thinking, you sure copped out of the detailed supply and demand discussion pretty damn fast. You disagree with any of my assertions and have some fact based numbers to refute them, or just want to rag on education you appear to lack?
You can anti-intellectual and anti-education all you want to justify the fact that you don't have any actual data to back up your rabid opinions and third hand "I heard it from a relative" stories. When you've got actual data to back you up, and can do something other than maligning education and data and bizarrely accusing me of "leading a sheltered life" we can have an intelligent conversation. Once again, the offer that appears to terrify you all so much is out there, put your money where your mouth is and come pick berries with me for a day. We can have a fascinating discussion while we're at it.
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Exactly unless you’re told by a book or the government you can’t comprehend or imagine it happening. You're unaware of the realities of street life and the abuses that are common especially on the east coast among illegals. You were a military secretary or nurse or something Idk not from the inner cities. You don’t know squat about what goes on it’s obvious, most people don’t. And now cause you can’t pathom that stuff you retort to calling me anti-education or anti this or that. It ain’t third party maybe you missed that part, all your big education and you can’t comprehend that. Sorry I exposed you to something that deeply hurts you inside. Thoughen up buttercup.
You say I should spend a day with you picking fruit maybe you should spend some time in inner cities and in illegal immigrant neighborhoods but then again you ain’t got the balls for that. Since you want it documented to believe it you can go in there acting like a sheltered snitch you are and ask them to write this stuff down for you so you can believe it.
I figure once rates are 0 they’re out of conventional methods to stimulate. Then they’ll have to have to do other QE methods which carry more risk such as major currency devaluation, and I see that as counter maintaining reasonable inflation. Perhaps there’s ways to do multiple rounds of aggressive QE I don’t know about, while maintaining currency integrity. That’s what gets me with all these 0 and near 0 rates there’s no room to stimulate by rate reductions.
While reading the FXBeachbum/Sig exchange, this movie scene came to mind.
Carry on.
Carry on.