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Balance Budget amendment... a thesis that many Republicans use as a political weapon even though Republicans in power never believe in it.
Yup that is a bogus argument. The better one IMO would be spending as a percentage of GDP.
Not that I disagree with the sentiment of smaller more localized government.
But the thesis that if Federal Debt rises, the bond market will require the U.S. to pay higher interest rate..
That revolves around whether or not the Fed controls interest rates. You say they don't, I'm skeptical.
We are seeing secular deflation. But that maybe a part of a long term business cycle.
Or federal debt will create inflation which is really an issue from heavy importing countries that have to borrower against the dollar.
Since we export inflation that is sort of a moot point. OTOH you subscribe to inflation is "too much money chasing too few goods". I have also read it is a function of population growth and fractional banking. Not sure I buy into the latter but the prior gets mitigated because of the reserve currency status.
At the very least it seems to me that borrowing to pay for debt is iniquity .
US Federal Government Contribution to GDP = percentage of GDP is federal spending? correlates to the Fed balance sheet.
US Federal Government Contribution to GDP = percentage of GDP is federal spending? correlates to the Fed balance sheet.
Those are 2 different things entirely
Just want to say, I'm liking the new Logan. Humble, honest and genuine.
But still 100% wrong. (just joking)
But still 100% wrong. (just joking)
My wife says that to me everyday but without the joking part ;-)
Also in talks to write for 538, Nate Silvers ESPN website. As long as the restrictions aren't too much, that could happen as well.
That would be cool, Logan. What restrictions would 538 impose that bother you?
What restrictions would 538 impose that bother you?
I have to go over that with them when we have time to go over the details, but they said the key word restrictions, this just recently happened too.
What they want
1. Write to a broad audience, so that means I have to assume people aren't financial savvy. This would be a terribly big change for me because I only write really to those who follow economics ( Hence) the Facebook page being a constant news feed of economic charts and data.
2. Time, do I have the time and would it be worth it for me. I have no idea yet how much they want.
We shall see, their economist and I agreed that I would change how I write articles for them. However, I still want the freedom to do my own stuff.
We shall see.
This chart looks like huge government growth.
This chart is ambiguous:
Seems odd that entitlements are included as GDP, but many things don't make sense we considering GDP.
Seems odd that entitlements are included as GDP, but many things don't make sense we considering GDP.
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https://loganmohtashami.com/2016/07/18/interview-why-the-american-recession-bears-failed/
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