Interest as percent of GDP is as low as it has been in my lifetime. Market is saying borrow MORE! https://fred.stlouisfed.org/graph/fredgraph.png?g=7igg …
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And when rates rise the Collapse begins! Fools all in DC(except you Justin)! The Fed can't raise rates!.Catch 22
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No collapse from rate rise.. Learn market economics, and don't confuse it with debt hysteria.http://cepr.net/blogs/beat-the-press/higher-interest-rates-will-quickly-alleviate-that-debt-budren …
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Peter Schiff has written an excellent piece on how the Fed is boxed in.
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I already gave link to Dean Baker on how to unwind. But Schiff? Really? Zimbabwe woosh!!http://krugman.blogs.nytimes.com/2011/12/15/inflation-predictions/?_r=0 …
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Krugman? Really?
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Yes. Krugman 7 years ago predicting low inflation. We've had seven, count em seven, years of low inflation.http://www.nytimes.com/2009/05/29/opinion/29krugman.html …
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@reason umm we have a big country therefore a big budget. We control currency. Can't go bankrupt no high inflationThanks. Twitter will use this to make your timeline better. UndoUndo
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a member of@freedomcaucus accusing R's & D's of living in fantasyland... Now I've heard everything!
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@reason@MattWelch These R's and D's know the"dollar's" days as the world reserve currency is coming to an end.Print and spend!Thanks. Twitter will use this to make your timeline better. UndoUndo
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Nothing will change until there's no one left to borrow from.
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@reason@MattWelch at the this point the debt is just an abstract idea to most people, the number is just to bigThanks. Twitter will use this to make your timeline better. UndoUndo
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R's & D's missed a good opportunity for a compromise bill when Simpson-Bowles was passed over.
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@reason@MattWelch - Do not fund more refugees.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@reason@MattWelch time to leave@TheDemocrats and the@NRSC behind and join the@LPNationalThanks. Twitter will use this to make your timeline better. UndoUndo
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