tag:blogger.com,1999:blog-3758330678390419129.post3531455509496228573..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: $16,000,000,000,000Robert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-3758330678390419129.post-27255498405151228062012-09-05T13:58:25.881-04:002012-09-05T13:58:25.881-04:00Not to worry, folks, Mike Norman is here to point ...Not to worry, folks, Mike Norman is here to point out that the debt is nothing more than 1s and 0s: http://mikenormaneconomics.blogspot.com/2012/09/the-us-16-trillion-debt.html<br /><br />Just in time, Mike!<br /><br />Now, why would the government set up such a complicated, convoluted monetary system (a monetary system which is SO complex that only the MMT crowd truly understands its "Taylor Conanthttps://www.blogger.com/profile/18270678440957992085noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-65958089250967821292012-09-05T11:49:05.291-04:002012-09-05T11:49:05.291-04:00Well said, Mr. Rossini! But all here know that thi...Well said, Mr. Rossini! But all here know that this will not take place - it can not take place - in fact it is totally and utterly impossible. <br /><br />You are asking them to "do the right thing" - to take out their own balls, place them squarely on the chopping block, and filled with good humor, love of country, and overriding sense of personal responsibility, cleanly bring down Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-67831048932309683842012-09-05T09:45:34.622-04:002012-09-05T09:45:34.622-04:00I'm well aware, but as it stands right now the...I'm well aware, but as it stands right now the price of metal climbs. The lack of purchasing power is fine by me for the long term.Fuck you and the NSAhttps://www.blogger.com/profile/10194666629774361638noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-65507833520000290302012-09-05T02:19:12.189-04:002012-09-05T02:19:12.189-04:00Anonymous, the sad thing is that you actually thin...Anonymous, the sad thing is that you actually think that the Clinton surpluses would have paid off the debt! The surpluses under Clinton were the result of Greenspan's expansionary monetary policy, which inflated asset prices and gave the government something that looked like wealth which it could tax. The surpluses were no more real than the 20% annual appreciation in the "value"Anonymoushttps://www.blogger.com/profile/12537687961021498697noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-91108108119317617742012-09-05T00:44:46.768-04:002012-09-05T00:44:46.768-04:00Without any courage of any conviction the oligarch...Without any courage of any conviction the oligarchs of the state will choose to "Default" through inflation. Anything else would be to admit failure, and they can't do that.Rick La Greidehttps://www.blogger.com/profile/01728177820575801427noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-47471533801367708742012-09-05T00:06:54.167-04:002012-09-05T00:06:54.167-04:00I know right!
Until you realize its not the valu...I know right! <br /><br />Until you realize its not the value of the metal going up, just the value of the notes going down...then its kind of just a push.Phatheadhttps://www.blogger.com/profile/05101643264100406083noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-43303405549279899062012-09-04T21:58:47.934-04:002012-09-04T21:58:47.934-04:00And the sad thing is, had Bush maintained the surp...And the sad thing is, had Bush maintained the surpluses that were made during the last few years of the Clinton administration when Clinton had to deal with a fiscally conservative Republican Congress and Senate, the debt would have likely been paid off by 2010.<br /><br />http://clinton4.nara.gov/WH/new/html/Fri_Dec_29_151111_2000.html<br /><br />What could have been. Of course, the Federal Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-28630185199391727272012-09-04T21:04:02.525-04:002012-09-04T21:04:02.525-04:00On Pg. 60 of "Democracy: The God That Failed&...On Pg. 60 of "Democracy: The God That Failed" by Hans-Herman Hoppe he lists the U.S. Govt. Debt at $6 Trillion Dollars. The book was released in 2001, so in just over a decade they have tacked on another $10 Trillion. Still reading this book, but what he wrote has unfortunately all come true in terms of the state, and exploding debt. And this book was likely completed before 9/11 andAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-82202798716572150642012-09-04T20:09:26.552-04:002012-09-04T20:09:26.552-04:00We should only be so lucky. I do like seeing my me...We should only be so lucky. I do like seeing my metal climb though.Fuck you and the NSAhttps://www.blogger.com/profile/10194666629774361638noreply@blogger.com