--
John Larkin Highland Technology, Inc
jlarkin at highlandtechnology dot com
Precision electronic instrumentation Picosecond-resolution Digital Delay and Pulse generators Custom laser drivers and controllers Photonics and fiberoptic TTL data links VME thermocouple, LVDT, synchro acquisition and simulation
So how come the number of recipients of food stamps in the US shot up to
46 million? Ok, rhetorical question, except for a few folks here we all know why.-- Regards, Joerg http://www.analogconsultants.com/
A big part of the reason is that the USA is exporting jobs. On balance, that's a good thing: people in other parts of the world are escaping brutal poverty, and the people here who lose jobs here are at least still reasonably well fed and housed.
Better optimizations are of course possible.
-- John Larkin Highland Technology, Inc jlarkin at highlandtechnology dot com http://www.highlandtechnology.com Precision electronic instrumentation Picosecond-resolution Digital Delay and Pulse generators Custom laser drivers and controllers Photonics and fiberoptic TTL data links VME thermocouple, LVDT, synchro acquisition and simulation
"Two men look out through the same bars: One sees the mud, and one the stars."
-- Frederick Langbridge
It's pretty clear where this is going:
And I do not believe the projections after 2012. Those after 2016 maybe, but only with a major political change.
Oh, and now there's free cell phones with 250 min/mo and 250 texts/mo. Unbelievable.
-- Regards, Joerg http://www.analogconsultants.com/
We'll see how many people are still looking at the stars when hyperinflation kicks in. You can't keep printing money in such volumes without severe consequences coming home to roost sooner or later.
kicks in. You can't keep printing money in such volumes without severe consequences coming home to roost sooner or later.
Anthing that hyperinflation can make disappear wasn't real to begin with.
kicks in. You can't keep printing money in such volumes without severe consequences coming home to roost sooner or later.
Once interest rates for government borrowing get back to normal (from the current ~~0 per cent) debt service will become impossible, so the printing will begin. But we don't need hyperinflation: 2:1 or so will do.
-- John Larkin Highland Technology, Inc jlarkin at highlandtechnology dot com http://www.highlandtechnology.com Precision electronic instrumentation Picosecond-resolution Digital Delay and Pulse generators Custom laser drivers and controllers Photonics and fiberoptic TTL data links VME thermocouple, LVDT, synchro acquisition and simulation
kicks in. You can't keep printing money in such volumes without severe consequences coming home to roost sooner or later.
You make it all sound so predictable, John. Like designing a circuit. Even in normal times, trying to get the combination right between monetary policy and inflation is like trying to tug a brick with a rubber band, and we ain't in no normal times...
kicks in. You can't keep printing money in such volumes without severe consequences coming home to roost sooner or later.
policy and inflation is like trying to tug a brick with a rubber band, and we ain't in no normal times...
Oh, we could be in normal times. But ...
-- Regards, Joerg http://www.analogconsultants.com/
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tion kicks in. You can't keep printing money in such volumes without severe consequences coming home to roost sooner or later.
but as long as the debt is in the same currency they tend to track
I remember my parents had a mortgage at something like 30% but inflation was just as high then so it kinda balanced out.
-Lasse
So how come the number of recipients of food stamps in the US shot up to
T'ain't likely.
This isn't really printing money. For one, the Fed is paying interest on reserves ( aka IOR )
-- Les Cargill
So how come the number of recipients of food stamps in the US shot up to
Milton Friedman said monetary policy could be done by a very small computer.
-- Les Cargill
...
So, if they print money but pay banks to stash it, they didn't print it?
Here that gent reports that Europe's nominal GDP has only grown 2.47% since 2008Q2. Horrible.
-- Cheers, James Arthur
The Tea Party used their majority in congress to make sure that the US income inequality got worse, rather than better?
The US, with a Gini index of 40.8% sits between ex-Communist Russia (40.1%) and Communist China (42.5%) as one of the oligarchy-controlled countries where an an elite hogs more of the national income than is good for the economy as a whole.
Of the advanced industrial countries, places like Australia, the UK, New Zealand and Italy which either aren't all that advanced, or not all that industrial come in at around 35%. Belgium, France and Canada do a bit better at 33% or a bit less.
Germany is the heavyweight at 28.3%, and Denmark, Sweden and Norway do best at around 25%.
-- Bill Sloman, Sydney
kicks in. You can't keep printing money in such volumes without severe consequences coming home to roost sooner or later.
You mean like jobs? The Carter years weren't a lot of fun.
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to
lion kicks in. You can't keep printing money in such volumes without severe consequences coming home to roost sooner or later.
Keynesian deficit-funded pump-priming spending only makes sense as long as the economy is in recession, where it activates under-utilised labour and plant.
Once the economy has been stimulated to the point where there isn't much under-utilised capacity left, you cut back the stimulus - primarily because it has done what it was intended to do, but also because further stimulation would just prompt the market to bid up the prices of fully-utilised capacity, generating inflation without stimulating any extrra economic activity.
Imagining that the Fed would to keep on stimulating the economy after the point where economy doesn't need stimulation is a trifle unrealistic.
Imagining that they'd tolerate significant inflation - let alone hyper- inflation - is exceedingly unrealistic. In the Jim-out-of-touch-with- reality-Thompson class.
-- Bill Sloman, Sydney
No, the problem is failed economic policies by the current administration. Plain and simple. When they took office it was around 30 million food stamp recipients AFAIR. Now it's 46 million. The picture can't be much clearer than that.
[...]-- Regards, Joerg http://www.analogconsultants.com/
di...
o nSince a whole lot of Europe's banks were silly enough to buy sub-prime mortgages before 2008, and lost a whole lot of money on them, it's not surprising that the economy has been struggling. Of course, if the European finance ministers taken your economic advice and embraced a rerun of the Great Depression, the GDP would presumably have shrunk by
6% per year, which would have been appreciably more horrible.-- Bill Sloman, Sydney
You've been listening to James Arthur, rather than looking at the statistics from which he selectively quotes.
Table 2 on page 8 tells the story. In 2010 -2011 the US median income went down a bit, while the income of the top 5% of the income distribution went up by 5%.
The Obama administration is stimulating the economy and the economy is growing, but the Tea Party in congress has hijacked the economic growth and made sure that pretty much all of it ends up the pockets of people who would be likely to contribute to Tea Party election campaigns. The larger number of people who are silly enough to vote for those Tea Party candidates don't do as well.
This is actually making the economic stimulation less effective than it ought to be - Keynesian pump-priming stimulus ought to be directed to people who can be relied on to spend it, and the top 5% of the income distribution is the group least likely to spend everything they get as soon as they get it.
The Food Stamps money is going to the people who are least likely to vote for the Tea Party.
-- Bill Sloman, Sydney
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