America, explain this!
well someone's gotta create the prison industrial system from scratch
heh, he destroyed the evil empire, goy.
You explain it
seems like some kikes lose money or something and it has zero effect on people that aren't usury enthusiasts
>>78630765
A cheap dollar is good for the economy. Issuing debt is how you keep it low.
>>78630765
I give 100% of that to the advent of the internet desu
the republican party isn't conservative
Oh boy here we go
As the sole, sovereign issuer of a fiat, floating-rate, non-convertible currency, with all of its debts denominated in that same currency, the U.S. Federal Government can issue as many dollars as it wants, at any time, to anybody, for any reason. Solvency is a non-issue, as there is never a payment that a currency issuer cannot make in its own currency.
Anybody who applies the following expressions to the U.S. Federal government, including, but not limited to:
>"broke",
>"bankrupt",
>"insolvent",
>"going to default",
>"running out of money",
>"where's the money going to come from", >"can't afford X",
>"dependent on taxpayers/Treasury investors", >etc. etc.
can be immediately dismissed and declared to have absolutely no concept of how U.S. fiscal policy and operations work.
reagan was the goodest goy to ever live.
winning the cold war is pretty expensive desu
>>78631235
Correct. But inflation is the real threat. And if too much money is printed, too quickly, THAT's when the systemic collapse of money occurs.
>>78630765
World War Two meant that only the United States was intact after the war which lead to low debts because of hight manufacturing out put. Eventually the world caught up economically with the US and the abandonment of the gold standard led to the raise is debt. Then during the Clinton years we had a tech bubble and the down sizing of the military as well as other government programs which lead to the debt falling.
>>78630765
>Republican leadership
>Fiscal responsibility
Choose 1.
>>78631235
>the US Federal Government can issues
The Federal Reserve is a private institution, run by Jews. The Federal Government has very little control over it.
>>78630765
Also - show Bush II.....the red would skyrocket beyond 120%.
>>78631453
No it isn't a threat
the real threat is deflationary spiral that happens when you don't print money during a recession to increase demand. Reagan saved the economy in the 80s by increasing demand mainly in military spending. Like Dick Cheney said in one of his few cognizant moments "Reagan proved deficits don't matter." That was right after Bush saved the economy after the Dot Com crash by cutting taxes.
Any inflation can be stopped at any time as long as you have sovereign control over your currency.
>>78631235
That's true but only as long as the US dollar remains the most important currency in the world. The moment another currency is seen as a safer bet for people to put their money into the entire thing collapses.
>>78631658
False, the Federal Reserve chairman is appointed by the president and approved by Congress the FED itself exists due to an act of congress.
All formal control is the government's while the FED creates money and gives it to banks there is no reason, beyond globalist politics that jews are chosen to control the FED.
If Trump was in charge he could appoint whoever he wanted as the FED chairmen and no bank could do anything to stop it.
>>78631732
false, currency strength is based largely on the level of production in an economy along with the supply of money.
the only thing destroying our productive capacity is our endless outsourcing of industry to China, which as a libertarian is something you already probably support.
>>78632078
I'm not a libertarian.
>>78632078
>libertarians are globalists
I found the dumbest person on pol
>>78631714
Look. I'm a Keynesian to the point of being an Institutionalist. If you don't know what that means, that's how Keynesian I am.
But inflation cannot be so easily controlled. It requires real policy sacrifices that MMT promises never have to be made. Why? Because the value of a currency isn't set by sovereign control but by market forces. Too much printing and the value of a currency collapses. Inflation can be counteracted through processes such as raising interest rates, but it takes work to keep inflation under control. Otherwise you get full Chavez.
But we don't live in ANY danger of this. We do have a deflationary spiral that Friedman cannot solve. I will agree to this.
>>78632208
>My vision of the border with Mexico is that a truck from the United States going into Mexico and a truck coming from Mexico into the United States will pass each other at the border going 60 miles an hour. Yes, we should have open borders.
-2016 Libertarian presidential nominee Gary Johnson
http://www.ontheissues.org/2012/Gary_Johnson_Immigration.htm
>>78631658
>I only speak in memes
Sorry, you have to be 18+ to post on 4chan.
>>78630765
Where's muh charts?! Oh here we go!
>>78632469
Here's some mo'
>>78631453
Well considering that we're constantly terrified of stagflation, I'm not too worried about it at the moment.
>>78632559
>>78632592
You get it.
>>78632208
>Hate borders and love deregulation
>Somehow not globalists
Libertarians are kikes.
Reagan was a fucking traitor.
>>78630765
>America, explain this!
Australia will.
>>78632621
Next time someone shows you "muh deficit" pics just use the above interest rate pics.
>>78632645
I was wondering how long it would take for the conservative movement to eat their own gods.
I wonder how long it will be before "autarky" becomes the new meme here.
>>78631533
impressive, anon. someone actually telling the truth
>>78630765
White people started breeding less in order to take care of black people via welfare
Thanks Johnson....
>>78631280
>doesnt know what economic lag is
>being this retarded
something that began as soon as he took office cannot be the immediate result of reagan.
>>78632890
Interestingly, Autarky was universally promoted by all the Fascists during the World Wars. Franco was pretty anti-market and held out for a long time, before he finally got the memo .
>>78632890
>/pol/
>conservative movement
uwotm8
>>78633104
Which is why I'm surprised it hasn't become Trump's new meme.
>>78632347
>Johnson literally wants tacos thrown into the US at high speed
>>78633180
Trump isn't a political philosopher. He's a master communicator but there's no way he knows about the political history of Right Wing Europe.
>>78631714
that's a very simplistic view of it. you're not wrong but you're not right either. Inflation CAN BE a huge threat. Deflation hurts in the short term but helps in the long term because savings. inflation is somewhat necessary during recessions to offset debt with money, but this can become a huge burden if there's a structural shift in the economy. ALL THAT is assuming all other factors are held constant.
>>78632328
>Otherwise you get full Chavez
Venezuela is a country where the means of production have been seized by the government and the entire nation is based off of oil prices. The second oil began to tank Venezuelan currency became increasingly worthless.
This is in no way compared to an actually functioning diversified economy with a privately owned means of production that isn't reliant on exporting one single commodity to support itself. The US will have a viable currency as long as we still have industrial output, private ownership, public infrastructure, etc and anything else that is a tangible sign of an actual healthy economy.
There's a reason that the US and Germany under Hitler didn't suffer hyperinflation during the build up to WW2 and why Regan's deficit spending didn't destroy the economy in the 80s.
If you want to get out of any deflationary spiral all you have to do is inject demand into the economy (paper money) in order to stimulate real world production.
>>78632890
Anti globalist doesn't mean anti trade, that's what tariffs are for.
Just gotta get the goldbergs and feinsteins out of government.
>>78633494
Deflation is terrible because it takes money that could be spent on investment or consumption out of the economy leading to the very recession you are pretending to want to avoid.
Inflation on the other hand is good because it incentivizes investment in production which grows the economy.
>>78632347
and this is why i hate johnson. hes not a libertarian. hes ran as a libertarian for ballot access and nothing else. the dude is full retard. shat all over the idea of libertarianism and hijacked the party for his own purposes. hes a neo con whos views more closely aligned with bernie sanders than any of the other libertarian party candidates.
>>78633421
I didn't say he was, just that their views line up. Two men going to the same town will invariably end up on similar paths even if they're not following one another.
>>78632645
im a libertarian and im anti-open borders. with the caveot that is we remove the welfare state we can open up borders will little to no harm.
>>78630765
we exist in a constant state of war and economic recession from playing world police and allowing scum to lead us
Didn't Reagan have a policy to basically outspend the USSR until they ran out of money? So that going into debt was an intentional act to finally get rid of them?
>>78632645
>libertarians hate borders
Making a lot of assumptions there senpai, that being said the American Libertarian party has become pretty cucked
>>78633688
again, very simplistic view of the economy. deflation MUST happen at some point to offset debt. this is why we have deleverages and recessions. they're not great but without a deflationary period we'd go into a hyperbubble and when we finally do have to cash in on former debts it'll crash very, very hard. expect that to happen very soon.
>>78632469
>>78632559
Sup /biz/
been a while, how are things?
Entitlements enacted during Dem administrations are spent automatically during GOP administrations. See LBJ's term. Debt goes down, but his policies explode the budget years later.
>>78634383
johnson fucked us
Saving mankind aint cheap
>>78634735
>deflation MUST happen at some point to offset debt
no it really doesn't. Debt can theoretically be ended at any time by central bank or a cancellation of debts.
http://www.bloomberg.com/news/articles/2016-06-01/japan-s-debt-burden-is-quietly-falling-by-the-most-in-the-world
Although in reality debt wouldn't even be much of a problem for consumers if Carter hadn't started the deregulation of wallstreet so Citibank could hand out a mortgage to every illegal immigrant they found on the side of the road.
>>78631235
If money is fake, then taxes are theft
>>78634797
I don't go to biz much anymore. Used to enjoy the discussions but got rather bored of the repetition.
>>78631920
The Federal Reserve has little to no Congressional oversight and the Fed Chairman is picked from a list of candidates given to the President from the Federal Reserve Board itself.
>>78633093
>Jimmy carter
>>78635195
im not talking about government debt you moron. the reason we need inflation is to offset the loss of debt. of our 17 trillion dollar economy only 3 trillion is actual money the rest is debt. during a deleverage that 14 trillion disapears. this is why inflation should be slow to offset the debt which is leaving the market. again you have a 1st grade level of education of market economics, keep listening to bernie sanders for all your economic lessons.
OP is British and is not aware that the US president does not create the budget.
The budget is a law and as such it is created by the legislative branch, which is Congress.
>>78636176
and this
and this
>>78632621
This is one of the dumbest charts I've ever seen.
>>78630765
Besides outspending Communist Russia to end the Soviet Union there is no other excuse for more debt.
>>78633865
Implying Trump is a fascist.
>>78631235
A default is a check mate where you can't print money. You don't need to go to a prestigious central baking school in Germany to not come off as a semantics blogger.
>implying the president controls the budget, not congress
>>78635563
Don't you mean the greatest president in the past 40 years?
>>78636554
agreed.
>hitler believed in a national high way system
>democrats believe in naitonal highway system
well i mean two men walking down the same path amiright?
what a moron
>>78636854
>they don't know history
Reagan pushed his budget through congress right after he was shot. It was HIS idea.
>>78636015
>im not talking about government debt you moron
Which is why I mentioned a cancellation of debts
>the reason we need inflation is to offset the loss of debt
Or it could be the opposite you could need inflation because there are no debts being canceled out and the economy is still stagnant like what we have today
>>78635459
The president can pick who he wants.
It's a political decision
>>78635343
Government is force
>>78636818
you can't "default" in a currency that you control.
The economy isn't like your bycycle, if you turn in one direction it won't instantly turn into your new path. It takes 6-10 years for economic policies to take effect.
>>78636554
I think Trump's an idiot channeling his inner Mussolini, but that's about it. Putin's the real fascist.
>>78637058
>What are Blue Dog Democrats
>>78630765
JIMMY FUCKING CARTER
>>78636015
> all debt disappear in delation
top kek
>>78630765
>bush has to increase spending because reagan was fucking economy over
>leftists caring about federal debt
>>78632928
Helped there was a Republican congress to also regin in on what was Clinton's early years as well.
>>78630765
Outspending the Soviets into oblivion. There you go. Also remember that those dem Presidents normally had to deal with repubs in the Congress, which is where budgets are actually debated and voted on.
>>78630765
Reagan was an idiot that was voted in because women wanted to fuck him.
Simple as that.
>>78636015
I suggest reading this article
http://www.unz.com/mwhitney/the-chart-that-explains-everything/
>>78631288
And he still lost.
>>78633900
Even if we abolish the welfare state, I'd rather have closed borders, unless said nation has demonstrated to not be a money sucking fuck. Mostly open movement between Canada and the USA, fine. Canada has demonstrate it isn't a leech.
Movement between USA and Mexico, absolutely not until Mexico finally gets it shit together. However, Mexico getting its shit together would most likely require being annexed by the USA, which would mean the USA would have to gets its complete shit together first, and kill off a lot of its population
>>78632794
There we go, the BIG picture.
Now I wonder why the OP left off the last 16 years?
Really makes you think....
>>78636176
>>78636219
>>78636263
Doesn't help that the House constantly makes budgets, which are shot down by the senate, even when the two branches work together, and any budget that does manage to get to Obama gets shot down immediately as well, leading to ~6 years if not to present of the USA not having a budget
>>78630765
Simple, Democrats controlled the House of Representatives during Reagan's Presidency and shut down the government every single year over their refusal to cut spending.
>>78632794
>>78630765
>displaying GDP as a static 100% figure
>>78637846
What is this meme called?
>>78638220
I wish I knew. Found a previous version, which was already an edit of what I edited
>>78633553
Patrick is still right. If you want real socialism, go imitate Native American tribal customs.
