'Biden's inflation crisis is here': Inflation jumps to 5%

[Fau Teixeira]

Most people don't want to pay more taxes. If you're going to give all the population $2000 a month, you're going to have to tax 75% of the population more than $2000 a month. Good luck with that. The The Declaration of Independence says life, liberty, and the pursuit of happiness. Not "we're going to take care of you". Plenty of full on socialist countries to pick from if that's your thing.

The US is a full on socialist country. Eventually you'll realize that.

[pondwater]

The US is a full on socialist country. Eventually you'll realize that.

That's an absurd and ridiculous statement. The United States is a capitalist country, that's why we've developed into the the wealthiest, most powerful, and most influential country in the history of the world. We do employ a moderate amount of socialist programs to benefit society as a whole. However they have gotten out of hand. But to say "The US is a full on socialist country" is silly. It's like anything else in life, moderation is the key.

How do you think printing unlimited amounts of money affects the economy?

[Fau Teixeira]

That's an absurd and ridiculous statement. The United States is a capitalist country, that's why we've developed into the the wealthiest, most powerful, and most influential country in the history of the world. We do employ a moderate amount of socialist programs to benefit society as a whole. However they have gotten out of hand. But to say "The US is a full on socialist country" is silly. It's like anything else in life, moderation is the key.

How do you think printing unlimited amounts of money affects the economy?

Explain the 2009 bank bail outs. Full on capitalist my ass.

[Phishfan]

You are both talking in absolutes which is the easiest mistake to make in any argument. The fact is the United States is totally neither so don't back and forth on a point where neither of you are correct.

[Spider-Dan]

You are both talking in absolutes which is the easiest mistake to make in any argument. The fact is the United States is totally neither so don't back and forth on a point where neither of you are correct.

This is obviously true: the United States of America is, and always has been, a country that is partially socialist and partially capitalist.

However, while this reality is reflected among the left - Elizabeth Warren, arguably the most liberal Democrat in DC, described herself as "a capitalist to my bones" - this is not at all reflected among the right.  Virtually all Republicans rail against socialism at every opportunity.

So the question of absolutes is itself one-sided: Democrats don't need to demonize capitalism to advance their agenda, but Republicans have to demonize socialism to advance theirs.

[MyGodWearsAHoodie]

How do you think printing unlimited amounts of money affects the economy?

The reason the USA can get away with printing money, but some other countries can’t is the vast majority of our debt is in US dollars. 

If the obligations and debt is in foreign currency than printing money becomes a problem.   Everyone one of the countries that economy has collapsed is because of printing money to handle a debt monetized in a currency they didn’t control

[pondwater]

Explain the 2009 bank bail outs. Full on capitalist my ass.

I never said "full on" capitalist. I said we are a capitalist country with a moderate amount of socialism, which basically means we are a mixed economy. However, we lean heavily capitalist.we are #6 ranked capitalist country in the world out of 152 countries with Venezuela ranking last. Therefore, we would be considered capitalist on the spectrum.

The United States is referred to as a mixed market economy, meaning that it has characteristics of capitalism and socialism. The United States is a capitalist society where means of production are based on private ownership and operation for profit. The United States is not a totally capitalist society, however, because the economy has regulations, taxation, and some subsidization. The U.S. government has always had some role in the economy, but the economy was closer to a truly free market during some periods. The government has at least some partial control over education, roads, health care, and postal deliveries and provides subsidies to oil companies, financial companies, and agricultural producers. Additionally, private businesses must register with government agencies, and certain types of companies need government-approved licenses. No country in the world has ever achieved a totally capitalist, "laissez-faire," or a free-market economy. Mostly all capitalist economies are mixed.

[pondwater]

The reason the USA can get away with printing money, but some other countries can’t is the vast majority of our debt is in US dollars. 

If the obligations and debt is in foreign currency than printing money becomes a problem.   Everyone one of the countries that economy has collapsed is because of printing money to handle a debt monetized in a currency they didn’t control

I think you're missing the point in relation to the title of the thread. The more money we print, the less it's worth. When you debase the money supply it take more of those less valuable dollars to buy the same amount of good and services. There will eventually be a tipping point.

[Dave Gray]

Homeless is almost exclusively mental illness or drug addiction.  It isn't about unemployment at all or job opportunities.  

[ArtieChokePhin]

The US is a full on socialist country. Eventually you'll realize that.

Socialism is nothing but a deranged fiction where everybody endeavors to live at the expense of everyone else.

That's an absurd and ridiculous statement. The United States is a capitalist country, that's why we've developed into the the wealthiest, most powerful, and most influential country in the history of the world. We do employ a moderate amount of socialist programs to benefit society as a whole. However they have gotten out of hand. But to say "The US is a full on socialist country" is silly. It's like anything else in life, moderation is the key.

How do you think printing unlimited amounts of money affects the economy?

Printing more money will cause inflation and printing a shitload of money causes hyperinflation.   That will destroy this economy.   Look below for examples of what happens when you print crazy amounts of money.

From Weimar Germany after the Treaty of Versailles where the printing of money caused hyperinflation of 30,000% per month (prices of goods literally doubled every few days), to Zimbabwe between 2007 and 2009 where they printed so much money that the inflation rate was a staggering 79 BILLION % perm month, to post WWII Hungary where printing money caused an annual inflation rate of 13 QUADRILLION % and prices of good doubled every 15 hours to a large number of Latin American countries over the last 40 years have printed money to the point where it become pretty much devoid of any value.  But ya know, god forbid we actually learn something from history.

[CF DolFan]

Homeless is almost exclusively mental illness or drug addiction.  It isn't about unemployment at all or job opportunities.  

There is a large portion of people who choose to live the homeless lifestyle. For lack of a better term there is way more "hippie" homeless population today than there were 20 years ago who could be working instead of systematically begging for money. Don't get me wrong we have plenty of crazies and people on the run out there but there are also a lot taking advantage and choosing to being homeless.

[Tenshot13]

There is a large portion of people who choose to live the homeless lifestyle. For lack of a better term there is way more "hippie" homeless population today than there were 20 years ago who could be working instead of systematically begging for money. Don't get me wrong we have plenty of crazies and people on the run out there but there are also a lot taking advantage and choosing to being homeless.

So mental illness.  

[Spider-Dan]

There is a large portion of people who choose to live the homeless lifestyle. For lack of a better term there is way more "hippie" homeless population today than there were 20 years ago who could be working instead of systematically begging for money.

Seems to me that these people would continue this lifestyle regardless of whether there is an extra $300/week in unemployment benefits (if they even qualify for unemployment in the first place, which seems unlikely).

[Dave Gray]

There is a large portion of people who choose to live the homeless lifestyle. For lack of a better term there is way more "hippie" homeless population today than there were 20 years ago who could be working instead of systematically begging for money. Don't get me wrong we have plenty of crazies and people on the run out there but there are also a lot taking advantage and choosing to being homeless.

What do you have to back up that statement?

From everything I've read, other than "nomads" or people who are houseless, but not necessarily homeless (and aren't a significant percentage of the population), panhandler-types are essentially 100% drugs and alcohol addicts or mental illness sufferers.

[CF DolFan]

What do you have to back up that statement?

From everything I've read, other than "nomads" or people who are houseless, but not necessarily homeless (and aren't a significant percentage of the population), panhandler-types are essentially 100% drugs and alcohol addicts or mental illness sufferers.
Quote from: Spider-Dan on June 17, 2021, 09:09:19 pm

Seems to me that these people would continue this lifestyle regardless of whether there is an extra $300/week in unemployment benefits (if they even qualify for unemployment in the first place, which seems unlikely).

I agree. In fact I don't know how they would be collecting those benefits if they are.