Judge Jury & Executioner

Quote from Ricter:

And I agree completely with AAA, which is rare. Good topic for a new thread.
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Of course you do. For the grasshopper, it is always summer. And always will be.
 
Quote from Tsing Tao:

Of course you do. For the grasshopper, it is always summer. And always will be.
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And for the doomsayer the world is always going to end "soon".
 
Quote from Tsing Tao:

Really? I disagree completely.
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I'd be interested to hear AAA's explanation as well.

If I was in debt to the tune of roughly three times my annual income I'd certainly consider myself broke.
 
Quote from Ricter:

And for the doomsayer the world is always going to end "soon".
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No, you mean the ant. The ant diligently works to be prepared for the coming winter.

Keep playing in the field, though, little grasshopper.
 
Quote from Lucrum:

I'd be interested to hear AAA's explanation as well.

If I was in debt to the tune of roughly three times my annual income I'd certainly consider myself broke.
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He's turning more into a Keynesian, it would seem.
 
Quote from Tsing Tao:

No, you mean the ant. The ant diligently works to be prepared for the coming winter.

Keep playing in the field, though, little grasshopper.
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You're using the wrong story as analogy. Ants and grasshoppers experience winter every year, and they both die (except the queen). The US has survived a lot of winters.
 
Quote from Ricter:

People do that everyday with a mortgage, pukie.
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Pukie? lol...

Taking out a mortgage to afford a home you cannot buy in cash is not Keynesian. The Keynesian equivalent to your analogy would be saying "well, I can't afford the mortgage I'm in currently, so let me take out a HELOC to cover those payments."

Debt is not bad. Too much debt is bad.
 
Quote from Ricter:

You're using the wrong story as analogy. Ants and grasshoppers experience winter every year, and they both die (except the queen). The US has survived a lot of winters.
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You're being literal. The story is a parable, "pukie".
 
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