Krugman is an idiot.
thats funny....But really I can to afford to spend and my finances are excellent but who wants to upgrade anuthing right now? It just seems that the paradox of thrift is not playing out.....
pitchforks over troubled waters - april 11
http://anewwayforward.org/demonstrations/
I am sorry if this has already been posted. Very revealing interview about the corruption in Wall St. and K St.
http://www.pbs.org/moyers/journal/04032009/watch.html
http://finance.yahoo.com/real-estate/article/106862/When-Home-Prices-Hit...
Its OK, we''re through the worst according to Cramer and CNN.
Krugman's surprise and angst doesn't surprise me much. Academics are academics because they shun the give and take of the real world. Other academics give you the Nobel Prize, so what? Could Krugman have owned a car parts store in Ohio in this and gotten through? My vote is no....
Perhaps the best solution is the US gov. to assume all the bank and personal debt and then default on our T-bills.
That's backwards. Personal and corporate debt should be defaulted on. That's better known as "bankruptcy".
If these young people were so nimble in a worldly way then more American's would have passports and at least speak more than English surely..........
What is this based on other than the usual US self obsessed over optimistic BS. Once we've have optimism capitulation from the gung-ho Masters of the Universe then I'll believe America can be great again. What history of self reliance, where has America been under the yoke of an invading army(unless you count John Wayne and General Custer)....You don't know suffering yet you say the whole country is better placed than anyone else....honestly, get over yourself...
Another solution:
Give Alaska to China for the trillion we owe them. Give Hawaii to Japan along with the promise to keep them under our nuclear umbrella.
Settle all other foreign debts in a similar fashion but smaller scale. That is, selling off chunks of our land and natural resources.
By clearing foreign debt from the books, we'd free up a couple hundred billion a year in interest payments.
Then begin selling protection, Mafia-style, to those countries willing to pay for military protection. That should bring in enough more to plug the federal deficit.
Proceed from there with the re-design of our economy.
Krugman is an idiot.
thats funny....But really I can to afford to spend and my finances are excellent but who wants to upgrade anuthing right now? It just seems that the paradox of thrift is not playing out.....
pitchforks over troubled waters - april 11
http://anewwayforward.org/demonstrations/
I am sorry if this has already been posted. Very revealing interview about the corruption in Wall St. and K St.
http://www.pbs.org/moyers/journal/04032009/watch.html
http://finance.yahoo.com/real-estate/article/106862/When-Home-Prices-Hit...
Its OK, we''re through the worst according to Cramer and CNN.
Krugman's surprise and angst doesn't surprise me much. Academics are academics because they shun the give and take of the real world. Other academics give you the Nobel Prize, so what? Could Krugman have owned a car parts store in Ohio in this and gotten through? My vote is no....
Perhaps the best solution is the US gov. to assume all the bank and personal debt and then default on our T-bills.
That's backwards. Personal and corporate debt should be defaulted on. That's better known as "bankruptcy".
If these young people were so nimble in a worldly way then more American's would have passports and at least speak more than English surely..........
What is this based on other than the usual US self obsessed over optimistic BS. Once we've have optimism capitulation from the gung-ho Masters of the Universe then I'll believe America can be great again. What history of self reliance, where has America been under the yoke of an invading army(unless you count John Wayne and General Custer)....You don't know suffering yet you say the whole country is better placed than anyone else....honestly, get over yourself...
Another solution:
Give Alaska to China for the trillion we owe them. Give Hawaii to Japan along with the promise to keep them under our nuclear umbrella.
Settle all other foreign debts in a similar fashion but smaller scale. That is, selling off chunks of our land and natural resources.
By clearing foreign debt from the books, we'd free up a couple hundred billion a year in interest payments.
Then begin selling protection, Mafia-style, to those countries willing to pay for military protection. That should bring in enough more to plug the federal deficit.
Proceed from there with the re-design of our economy.
Krugman is an idiot.
thats funny....But really I can to afford to spend and my finances are excellent but who wants to upgrade anuthing right now? It just seems that the paradox of thrift is not playing out.....
pitchforks over troubled waters - april 11
http://anewwayforward.org/demonstrations/
I am sorry if this has already been posted. Very revealing interview about the corruption in Wall St. and K St.
http://www.pbs.org/moyers/journal/04032009/watch.html
http://finance.yahoo.com/real-estate/article/106862/When-Home-Prices-Hit...
Its OK, we''re through the worst according to Cramer and CNN.
Krugman's surprise and angst doesn't surprise me much. Academics are academics because they shun the give and take of the real world. Other academics give you the Nobel Prize, so what? Could Krugman have owned a car parts store in Ohio in this and gotten through? My vote is no....
Perhaps the best solution is the US gov. to assume all the bank and personal debt and then default on our T-bills.
That's backwards. Personal and corporate debt should be defaulted on. That's better known as "bankruptcy".
If these young people were so nimble in a worldly way then more American's would have passports and at least speak more than English surely..........
What is this based on other than the usual US self obsessed over optimistic BS. Once we've have optimism capitulation from the gung-ho Masters of the Universe then I'll believe America can be great again. What history of self reliance, where has America been under the yoke of an invading army(unless you count John Wayne and General Custer)....You don't know suffering yet you say the whole country is better placed than anyone else....honestly, get over yourself...
Another solution:
Give Alaska to China for the trillion we owe them. Give Hawaii to Japan along with the promise to keep them under our nuclear umbrella.
Settle all other foreign debts in a similar fashion but smaller scale. That is, selling off chunks of our land and natural resources.
By clearing foreign debt from the books, we'd free up a couple hundred billion a year in interest payments.
Then begin selling protection, Mafia-style, to those countries willing to pay for military protection. That should bring in enough more to plug the federal deficit.
Proceed from there with the re-design of our economy.
Jim,
there is not enough to fill all these huge holes, what we are doing is partially filling them in the hope that we can make them shallow enough that people can live through the fall into them with just a broken leg, not a broken neck. Hence the big run up in debt. The junkie analogy is often used, more like some sort of drug that say raised you metabolism well above normal. the junkie analogy sort of assumes that he goes off the drug and returns to normal. This is like switching from a drug that raises the metabolism to one that dramatically lowers it far below normal.
As far as the Total debt/GDP, remember that this deleveraging and defaults in the private sector means that business and consumer debt is coming down, and coming down fast. this is mostly a shift of debt from the private sector to the public sector, not a dramatic acceleration of the total debt in the economy.