You have been unable to communicate anything of meaning. It is not extremism to dismiss such a pathetic argument out of hand.


You are so regularly confused about economic issues that it is no surprise that you can't bring yourself to even try and create an argument. The fact that it is over your pet issue only helps to highlight what you are all about.

 

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The OP covers the issue for the intelligent 4 or so folks here. My additional replies have been my charitable contribution for the week, to help the slower denizens acknowledge the reality that exists around you.

 

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The original poster brings to mind John Cleese's comment about the problem with stupid people being they are too stupid to realize how stupid they are.

I appreciate the art of your posts. Regularly you choose something that you are doing and criticize whomever you are responding to for the actions you yourself are doing. Here it is glossing over the stable vs. strong currency. You brought it up cryptically, I put up some thoughts about it..and you ran away from the conversation while crying about me refusing to talk about it.


You are right about the 'floating' rate. Central banks all over the world and China in particular have been playing games with the dollar to keep it overvalued. The US cannot force these entities to cut it out and let the market work, but it can take actions to counter the impact of the actions by those other entities. If you see a currency appreciating or holding steady in spite of a large trade deficit you can be sure there is interference disrupting the market. Markets dont ever work perfectly as if powered by magic...its up to the US to make sure the dollar is going in the direction the market wants it to go. We did not do this in the '90s and it had major repurcussions in the 00's I think. Taking action today to push the dollar in the direction the market wants it to go would be greatly beneficial for the US and should not be viewed as identical to actions that push the dollar away from the direction the market wants it to go.

But he has an MBA!

 

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I'm an economic noob. All I know is that incomes today are the same as they were ten years ago, yet the price of everything has tripled. The National Debt has also tripled in the last ten years.

Most people in this thread have said that in spite of this, "everything is going to be okay". It would seem to me that things aren't okay and we're in a ticking time bomb that hasn't exploded only because the Fed and the Government has stuck their fingers in an dam that will break eventually anyway.

We've already seen people desperate to make up that income gap by foolishly investing in internet stocks and then busting, then foolishly investing in housing and then busting.

I have a hard time because back in 2006 "everyone" was saying that things will be just fine and then it wasn't. Why was "everyone" wrong a few years ago, but "everyone" is right today?

 

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right now most people are saying everything is going to be ok? You sure about that?

I think there is widespread agreement that everything is forked up. But large disagreement o
n where to go from here.
Edit- there are a lot of things to focus on significantly more important than the federal debt right now. We need jobs, we ned to make up for a decade of lost income gains, we need to try to avoid repeating this recession, we need better access to cheaper healthcare...lots of stuff.v the deficit arglebargle is just a distraction from the things that are actually important. You can feel the impact of unemployment, or healthcare issues or The cost of college, or the lack of a raise. The impact of the debt is entirely imaginary future pains. It's not something to ignore forever, it just has no real importance right now....