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-   -   We will never agree on this and therefore it is pointless to talk about! (http://www.lawtalkers.com/forums/showthread.php?t=824)

LessinSF 03-04-2009 01:28 PM
Re: It's Coming
 
Quote:
Originally Posted by Adder (Post 383004)
Is there anyone who does not believe that inflation is coming?
Yet your solution is a massive New New Deal?

Adder 03-04-2009 01:33 PM
Re: It's Coming
 
Quote:
Originally Posted by LessinSF (Post 383005)
Yet your solution is a massive New New Deal?
Leaving aside your inaccurate characterization (and Gordon Brown), what is your solution?

Atticus Grinch 03-04-2009 01:41 PM
Re: It's Coming
 
Quote:
Originally Posted by Adder (Post 383007)
Leaving aside your inaccurate characterization (and Gordon Brown), what is your solution?
I think Less, like Arthur Denton, thinks what we need is a root canal. Definitely a long, slow root canal.

Tyrone Slothrop 03-04-2009 01:48 PM
Re: It's Coming
 
Quote:
Originally Posted by LessinSF (Post 383005)
Yet your solution is a massive New New Deal?
Wouldn't it be preferable to have a growing economy with some inflation, as opposed to a shrinking economy with no inflation?

Greedy,Greedy,Greedy 03-04-2009 01:52 PM
Re: It's Coming
 
Quote:
Originally Posted by LessinSF (Post 383002)
For those who may not have heeded my inflation warnings, this is the chart of the money supply from the St. Louis Fed - note the very far right:


http://research.stlouisfed.org/fred2...ax_630_378.png
All that money.

I needs to get me some of that.

Atticus Grinch 03-04-2009 02:20 PM
Re: We will never agree on this and therefore it is pointless to talk about!
 
Why Arnold may be the last of the celebrities-cum-politicians: No one whose bread and butter is being beloved of millions can possibly afford to be this unpopular.

I predicted Arnold wouldn't run in 2003 for this reason, and that he wouldn't run again in 2006. I was wrong both times, but that may have been because Arnold thought his charisma would make him the Teflon Governor as the state turned to shit around him as the Prop 13 and term limits chickens come home to roost. I was wrong in the short term but right in the long game.

Hank Chinaski 03-04-2009 02:28 PM
Re: We will never agree on this and therefore it is pointless to talk about!
 
Quote:
Originally Posted by Atticus Grinch (Post 383016)
Why Arnold may be the last of the celebrities-cum-politicians: No one whose bread and butter is being beloved of millions can possibly afford to be this unpopular.

I predicted Arnold wouldn't run in 2003 for this reason, and that he wouldn't run again in 2006. I was wrong both times, but that may have been because Arnold thought his charisma would make him the Teflon Governor as the state turned to shit around him as the Prop 13 and term limits chickens come home to roost. I was wrong in the short term but right in the long game.
if 38% of the masses go to see his next movie you think it'll be a bomb?

LessinSF 03-04-2009 02:36 PM
Re: It's Coming
 
Quote:
Originally Posted by Adder (Post 383007)
Leaving aside your inaccurate characterization (and Gordon Brown), what is your solution?
Let the business cycle work.

ETA: Put another way - the root canal. Higher taxes, lower spending, i.e. the same austerity program we impose on other governments when they get in trouble.

EATA: By the time Obama is spending the money, we will be coming out of the bottom and this "stimulus" will just be economic meth, and I will not be surprised to see inflation top Jimmy Carter's years, which hurts the poor on fixed incomes (supposedly who Obama wants to help) most.

LessinSF 03-04-2009 02:55 PM
Re: It's Coming
 
Quote:
Originally Posted by LessinSF (Post 383019)
Let the business cycle work.

ETA: Put another way - the root canal. Higher taxes, lower spending, i.e. the same austerity program we impose on other governments when they get in trouble.

EATA: By the time Obama is spending the money, we will be coming out of the bottom and this "stimulus" will just be economic meth, and I will not be surprised to see inflation top Jimmy Carter's years, which hurts the poor on fixed incomes (supposedly who Obama wants to help) most.
To respond to myself ...

The tragic thing is that the opposition party has zero credibility. They fucked our way here and now - to quote whoever that was - the rest of us may as well lay back and like getting raped. I am pissing into the wind.

Adder 03-04-2009 03:01 PM
Re: It's Coming
 
Quote:
Originally Posted by LessinSF (Post 383024)
To respond to myself ...

The tragic thing is that the opposition party has zero credibility. They fucked our way here and now - to quote whoever that was - the rest of us may as well lay back and like getting raped. I am pissing into the wind.
Not only do they have zero credibility, they also don't even have the intelllectual honesty to to support what you propose.

I'm hoping we aren't headed for Carter-era inflation, and I hope that you are right about the pace of recovery.

Atticus Grinch 03-04-2009 03:07 PM
Re: We will never agree on this and therefore it is pointless to talk about!
 
Quote:
Originally Posted by Hank Chinaski (Post 383018)
if 38% of the masses go to see his next movie you think it'll be a bomb?
Even those guys don't actually like him. Approval polls skew toward favorable because there's a tendency not to admit that the guy you voted for is now fucking up. Think about the traditional demographic of a Schwarzeneggar flick. Do you think they'll spend their Friday furloughs going to see a movie starring the former boss who cut their pay by 5%?

LessinSF 03-04-2009 03:08 PM
Re: It's Coming
 
Quote:
Originally Posted by Adder (Post 383025)
I'm hoping we aren't headed for Carter-era inflation, ....
And I want a pony.

Cletus Miller 03-04-2009 03:17 PM
Re: It's Coming
 
Quote:
Originally Posted by Adder (Post 383025)
I'm hoping we aren't headed for Carter-era inflation, ....
I'm hoping we can limit it to Carter-era inflation. We currently have huge asset and commodities deflation, so we have some time, but I expect it to be ugly.

Adder 03-04-2009 03:17 PM
Re: It's Coming
 
Quote:
Originally Posted by LessinSF (Post 383027)
And I want a pony.
Well, if you ask nice Mr. Obama might get you one (with money borrowed from China).

Sidd Finch 03-04-2009 03:23 PM
Re: We will never agree on this and therefore it is pointless to talk about!
 
Quote:
Originally Posted by Atticus Grinch (Post 383016)
Why Arnold may be the last of the celebrities-cum-politicians: No one whose bread and butter is being beloved of millions can possibly afford to be this unpopular.

I predicted Arnold wouldn't run in 2003 for this reason, and that he wouldn't run again in 2006. I was wrong both times, but that may have been because Arnold thought his charisma would make him the Teflon Governor as the state turned to shit around him as the Prop 13 and term limits chickens come home to roost. I was wrong in the short term but right in the long game.


I'm sure you're right. No celebrity could possibly ever have enough ego to think that he or she would do better.


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