To: Worldtraveler once upon a time
[The question again remains unanswered, except by asking other questions as if a debate tactic. I asked of the massive 3.4 trillion dollar debt: The article’s title argues “the party’s over.” Are you saying it is not?]
It’s not over, because we’ll grow and inflate our way out of it. Like I said, this guy has no idea what he’s talking about.
24 posted on
04/08/2022 8:13:43 AM PDT by
Zhang Fei
(My dad had a Delta 88. That was a car. It was like driving your living room.)
To: Zhang Fei
--- "...because we’ll grow and inflate our way out of it. "
Thanks for a direct reply. "Inflation is good."
Under Biden as "leader of the Free World" or "leader of the New World Order," it is assured that this nation will not "grow" except thrugh inflation. Though assuredly inflation will continue. Weimar holds a lesson here. Zimbabwe. Argentina. Ah, that free new world.
"For America, There Is No Obvious Path Out of the Red"
Source: https://economics21.org/coronavirus-debt-will-be-long-term-burden
Perpetual Debt: From the British Empire to the American Hegemon
Source: https://mises.org/library/perpetual-debt-british-empire-american-hegemon
To: Zhang Fei
It’s not over, because we’ll grow and inflate our way out of it.That sounds like the strategy of Bernie Madoff. It works great.... until it doesn't anymore. And then things start happening very fast.
30 posted on
04/08/2022 8:32:36 AM PDT by
Wissa
(The winds and waves are always on the side of the ablest navigators.)
To: Zhang Fei
...we’ll grow and inflate our way out of it.
Nonsense.
The comparable inflation of the late 70s was 45 years ago. The economic and real world is a much different reality now and the petrodollar is running on fumes.
To borrow from a 1990 or so term, we are at peak-petrodollar.
34 posted on
04/08/2022 9:22:26 AM PDT by
citizen
(Thieves of private property pass their lives in chains; thieves of public prop. in riches and luxury)
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