Economists only: What is the downside of printing and distributing trillions of dollars in an environment in which inflation is nil and demand is low? Who loses and when? @joshgans
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The biggest reason it actually is different this time (meaning we don't know the outcome) is never before has it been done in a currency which all world energy is priced by. My amateur mind tells me the result will be public ownership of corporations. For better and worse.
End of conversation
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A big red flag would be losing a World War, giving up a big chunk of territories and annual GDP in reparations. This guy is bad, very bad at analogies.
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Adjustments based on historical outcomes of similar circumstances. Try to either replicate and improve, or avoid and improve. Either way - improve.
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Plus, history is written in the future, so by definition you can’t use it to predict shit.
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The only way that I know to somewhat predict the future is to study human nature.
End of conversation
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There's a lot of talk re China v USA about the "Thucydides Trap." Steve Bannon says it's not an apt analogy, because the declining power, America, had its elites helping the rising power rise. Not comparable to Sparta and Athens.
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The law of supply and demand, much like the law of gravity, always works. Sometimes difficult to predict results of those laws, but they are always in force.
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History doesn’t repeat, but it does rhyme.
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