True, but then again, I bought some last Christmas, still using the first blade. The trick is to rinse it out good after a couple strokes. Your face doesn't dull the blade, but build up of facial hair ruins the performance.
Well, I suppose plutocrasy and oligarchy are better?
There's no capitalism, as we learned it, only the chrony type is left.
The capitalism we learned about is a fairy tale at this point.
This is coming from an independent contractor.
pud, the printed money would not increase the debt, and as for inflation, interest rates would need to come up to encourage savings. Saved money has no velocity.
Exactly why I think we should enable the Fed to perform this maneuver.
This isn't a matter of government or policy, it's simply a way to address a problem in the monetary system.
Money always flows to producers, who end up with more than they could ever spend, but for whatever reason they want more still, and tend to hoard the "wampum".
So, there's that, and of course the other reasons mentioned.
To prevent overheating of the economy and run away inflation, interest rates would also need to be raised and reviewed regularly, but savings should be encouraged with higher interest rates. (This addresses another problem that is prevalent in the current system, many can't afford to save for retirement, college, etc.)
It's a viable solution to modern monetary problems. It's going to be hard for some people to comprehend, as it is "different" than what they are used to.
QE as we know it saved the banks, but did not help the money velocity as hoped. This kind of QE would work where the previous version failed.
It's not really about helping people so much as it is about facilitating trade.
A void exists due to baby boomer demographics, technology, globalization, and the effects of the last crisis as well.
If the Treasury could issue the injection, without creating debt, then that would work as well.
This is not a government solution. It's a matter of having enough "wampum" in the system to facilitate trade.
This is not socialism either, capitalism requires a means of exchange. We live in a changing world, and there is a lack of means of exchange in our current system.
If this approach were taken, the real winners are the productive and business owners, who now will have no shortage of customers to compete over.
Currently, lack of demand forces business to fill the void by borrowing at zirp and buying there own stocks, selling them on rips and buying them back on dips.
This is unsustainable, and why a miniscule rise in rates scares the begeezus out of the markets.
Seriously Mav, why not actually read about it before jumping to a brainwashed conclusion, based on what you've had drilled into your head all your life.
Hey dunrunnin2, hope you're having a great weekend!
Yes, it is true, that as of right now, the Fed has no legal authority to print directly to individual bank accounts, a rule that made plenty of sense in a full capacity economy.
Given the current situation, this rule would probably be best changed.
The rule could easily be changed with a simple up / down vote in congress.
I hope you will take a look at the article. It's pretty in depth, and you can probably skim through a lot of it, as you've no doubt already grasped the recent crisis.
But I think you will find some good new insights as you get deeper down the page.
I look forward to hearing what you think of that article, should you choose to read it, as you have always been a poster of substance here over the years, vs. some that automatically reject new ideas, aka, the board trolls who think they already know everything.
There is a solution, not well understood, but a viable solution. All it will require is a simple up / down vote by congress, and it could be implemented in a matter of weeks.
There is a fundamental flaw with capitalism that needs to be addressed. Once addressed, capitalism will be able to continue.
A combination of debt deleveraging following the last crisis, the boomer demographic you speak of, globalization and technological advances, have created unprecedented challenges to our financial system.
The solution is monetary in nature. To understand this better, I recommend reading the article I mentioned in my thread titled "Qe for the people?", which should be still on the first page at this moment.
For anyone wanting to read an in depth explanation of why this makes good sense, with all the pros and cons weighed out, do a search for "Steven Keen's Debt Watch, Analysing the Collapse of the Global Debt Bubble."
And, perhaps, putting crazy people back into institutions where they belong? This section 8 de-institutionalization, community integration of the insane is killing us....literally.
Seems the strategy worked, although Abignail Jr.'s work is still relevant to this day, we could use another Joseph Kennedy.
Seeing Becky Quick in the little "must watch" video made me think of that, although she doesn't seem to age at all....she just looks better and better.
"And FDR appointed Joseph Kennedy, a ruthless Wall Street operator, to set up the modern SEC."
Makes sense, kind of like hiring Frank Abignail Jr. to fight fraud.
Oh, I don't know, seems Icahn and Trump are connected. That, and Trump sort of is one of the oligarchs. But there is a bit of genius in his strategy of calling for single payer health care system and admitting to income inequality being a huge problem in the USA.
Getting one of these two candidates would be better than the alternatives.
Post while you still can!