House sends infrastructure bill to senate, trillions trillions and trillions waiting to be approved

[Scataphagos]

This is not true. That'd be like saying a car stole your life because your cross the road without looking. Just hedge against inflation like everyone else.

What they are doing is making the economy less efficient as labor is diverted to projects without strong capital justification.

You're full of CRAP, buckeroo*! Just because some "can" hedge against inflation, doesn't mean it's correct. Most people won't or don't know how. They should NOT be "required" to hedge themselves against the evils of their own government for self-preservation!!

(One more naive, stupid post like this and you'll go on my IGNORE list!)

*Oops, sorry I said that. Such wordage is appropriate only for the "Politics" forum.

 

[blazespinnaker]

You're full of CRAP, buckeroo*! Just because some "can" hedge against inflation, doesn't mean it's correct. Most people won't or don't know how. They should NOT be "required" to hedge themselves against the evils of their own government for self-preservation!!

(One more naive, stupid post like this and you'll go on my IGNORE list!)

*Oops, sorry I said that. Such wordage is appropriate only for the "Politics" forum.

The naivety here is to imagine that money holds any real fundamental value. Even my dumbest cousins don't believe that.

 

[Scataphagos]

The naivety here is to imagine that money holds any real fundamental value. Even my dumbest cousins don't believe that.

Irrelevant. Not the point.

 

[blazespinnaker]

Irrelevant. Not the point.

It is the point, because you're arguing against the bill in a way that nobody cares. It's like tilting at windmills and all your fury is for nothing because it just falls on very deaf ears. Yes, the infra bill is absolutely dangerous, but certainly not because of some misconceived notions about the nature of money.

And that misconception in itself is very dangerous, because when repeated it might lead uneducated people to believe that money actual has any real value. It doesn't and never will. The USD is as real as any stock ticker - that should be the message. Once you understand that, a lot of things you see happening nowadays will make a lot more sense to you.

But, yes, the bill is absolutely dangerous. Diverting social resources without proper return will harm our standard of living, or at least the rate at which it improves. Those resources could be used for better things, like creating startups or businesses that actually create a real and efficient return on capital.

 

[Scataphagos]

Blah, Blah, Blah... can't you make a logical argument?

 

[Real Money]

It is the point, because you're arguing against the bill in a way that nobody cares. It's like tilting at windmills and all your fury is for nothing because it just falls on very deaf ears. Yes, the infra bill is absolutely dangerous, but certainly not because of some misconceived notions about the nature of money.

And that misconception in itself is very dangerous, because when repeated it might lead uneducated people to believe that money actual has any real value. It doesn't and never will. The USD is as real as any stock ticker - that should be the message. Once you understand that, a lot of things you see happening nowadays will make a lot more sense to you.

But, yes, the bill is absolutely dangerous. Diverting social resources without proper return will harm our standard of living, or at least the rate at which it improves. Those resources could be used for better things, like creating startups or businesses that actually create a real and efficient return on capital.

This is bullshit. If anything there are deflationary pressures because of all the credit contraction and deleveraging that is gonna have to happen. A covid economy can't support financially engineered RE valuations.

 

[blazespinnaker]

This is bullshit. If anything there are deflationary pressures because of all the credit contraction and deleveraging that is gonna have to happen. A covid economy can't support financially engineered RE valuations.

Hmm? Where did I disagree with this statement?

 

[Sig]

It is the point, because you're arguing against the bill in a way that nobody cares. It's like tilting at windmills and all your fury is for nothing because it just falls on very deaf ears. Yes, the infra bill is absolutely dangerous, but certainly not because of some misconceived notions about the nature of money.

And that misconception in itself is very dangerous, because when repeated it might lead uneducated people to believe that money actual has any real value. It doesn't and never will. The USD is as real as any stock ticker - that should be the message. Once you understand that, a lot of things you see happening nowadays will make a lot more sense to you.

But, yes, the bill is absolutely dangerous. Diverting social resources without proper return will harm our standard of living, or at least the rate at which it improves. Those resources could be used for better things, like creating startups or businesses that actually create a real and efficient return on capital.

How do you calculate the "return" of bridges or highways or airports? Private investment in these things is exceedingly rare and not viable in most cases. And without them we'd be about as prosperous as all the third world countries without sufficient infrastructure. I've started two companies, they wouldn't have happened without infrastructure as is the case with most startups. So you may be able to do the math on a specific road/bridge/airport and determine if it has a proper "return" or not, but throwing out the whole concept of infrastructure investment in favor of startups, for example, isn't a valid thought processes.

 

[JSOP]

remember we have an economy that can't stand on its own so the only way to create gdp is to pass trillion dollar stimulus packages...

House sends $1.5 trillion-plus infrastructure bill to reluctant Senate
Published: July 1, 2020 at 5:29 p.m. ET



https://www.marketwatch.com/story/h...structure-bill-to-reluctant-senate-2020-07-01

You mean printing $1.5 trillion+ worth of paper?