IMF suggests one off wealth confiscation to pay for debt.

Quote from jem:

i was giving alternatives to the IMF solution.

But, frankly I do not give a shit about being a reserve currency.
Allowing the Fed to lend out so much slush we could hide 700 percent inflation over 50 years is not exactly a bonus.


note... isn't you argument a bit contradictory.
As the world currency... one big print would be absorbed by all the dollars electronic and real all over the world.

one big print with a mandatory balanced budget or even a capped budget and no more borrowing could cause the dollar to appreciate as the bottom would be put in.
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And it's a logical alternative.

Another idea would be a bit more regulation to control the extremes of the business cycle. The worse the contraction is, the lower government income and the higher government expenditure.
 
Quote from Ricter:

And it's a logical alternative.

Another idea would be a bit more regulation to control the extremes of the business cycle....
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Hey how about price and wage controls and nationalizing all private industry for good measure?
 
Quote from Ricter:

And it's a logical alternative.

Another idea would be a bit more regulation to control the extremes of the business cycle. The worse the contraction is, the lower government income and the higher government expenditure.
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uhhh... yeah... control.

I'd far rather that people were taught about the business cycle and then left to make their own decisions. The War on Drugs is an effort at control, it's increased the amount of drugs while lowering the price, the exact opposite of what the voters and politicians wanted.

Incidentally, people think Kramer is nuts, right? One of his books has a chapter on the business cycle and tells specifically how to move investments from sector to sector as the cycle progresses. I recommend it to anybody young enough to be doing long term investing...
 
Quote from Fractals 'R Us:

uhhh... yeah... control.

I'd far rather that people were taught about the business cycle and then left to make their own decisions...
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They are, which is why some social safety net (we don't all agree on its size, of course) is favored by all.
 
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