it's a shame public service aggressively selects against smart and ambitious people because I'm pretty confident a relatively small number of committed bureaucrats could turn to the dod system into a society-wide soviet-style command economy
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I keep thinking this is the actual pivot to dodge the depression, govt says "fuck consumer spending it's five year plan time" sad they could never pull it off tho
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I’m still trying to get my head around where the end game is for QE and negative rates. Blurrs the lines around what is actual govt debt vs what is just a digital log of cumulative printed stimulus, and with negative rates governments will be earning interest not paying.
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What are end game scenarios?
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I'm guessing: "Power is the primary thing backing the US dollar." Guessing also that the assumption is military power is cheaper for the US than other kinds of power.
End of conversation
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So American.
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we will all end up with lots of weapons, little food and hungry people following that strategy, culminating in THE WAR TO END ALL WARS AND DEBTS AND PEOPLE. I believe in funding research, innovation & production and ensuring ALL people are free from survival worries.
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nobody expects the debt to be paid back. but everyone would rather own debt denominated in the currency of the only superpower.
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