Coronavirus COVID-19

[89Hen]

No, its' a meme, implying that there would be a large crowd of people with no masks, and a good test on the spread of covid in a crowd. If you can't understand that, get you head out of Trump ass.

[Gil Dobie]

No, its' a meme, implying that there would be a large crowd of people with no masks, and a good test on the spread of covid in a crowd. If you can't understand that, get you head out of Trump ass.

I can only speak for the Minnesota Protest where there were many people wearing mask and the spike was not noticed in covid cases after the protest here. The spike came 3 weeks after the state opened up. In Sturgis, there will be more people and less masks. That was my point that BDK was trying to divert from for some reason.

[AZGrizFan]

This. Lock it all down, establish a baseline for testing, tracing, and treatment.

An economist and an epidemiologist. Osterholm is one of those guys who’s been right from the start...

The United States has now surpassed five million confirmed cases of COVID-19 and 160,000 deaths from the virus as tens of millions of Americans file for unemployment, causing experts to debate how the nation should respond.

Neel Kashkari, the president of the Federal Reserve Bank of Minneapolis, says the answer should be a return to mandated lockdowns in every state for up to six weeks in an effort to save both lives and the economy.

"If we aren't willing to take this action, millions more cases with many more deaths are likely before a vaccine might be available," Kashkari wrote in a New York Times op-ed on Friday alongside Dr. Michael Osterholm, director of the Center for Infectious Disease Research and Policy at the University of Minnesota

Well one of the things that has happened in this recession that is unlike any recession in modern times, our savings rate has taken off. It's really curious. Those of us, like me, who have been able to keep our jobs, we're actually saving more money because we're not going out to restaurants or movies or on vacations. So the personal savings rates soared from about 8% to 20%.
The way it works is that money then gets put in the bank, or put into a money market fund, and those resources are available so that when the government runs deficits, it doesn't have to borrow as much from abroad because we're generating savings domestically. It is much safer for a country to fund its own government deficits from its own people than it is to borrow from abroad.
So it turns out, we can actually fund the additional unemployment benefits, for example, or additional support to small businesses from our own domestic resources. That is much, much better than having to borrow it from abroad. So this recession is very unique in how we've shut down part of the economy because it's also generating savings that can support the workers who are most affected. I know it's complicated, but this is a unique moment when the traditional concerns about government deficits, debt to GDP, do not apply.

What in the actual fuck is he talking about here? What do personal savings rates have to do with where the government “borrows” its money? Is he suggesting that the Domestic banks/money market funds are buying US debt And keeping the borrowing “local”? Because it’s not clear at ALL...almost appears as if he’s saying the US is tapping into the savings of individuals, based off his poorly worded statement.

[kalm]

This. Lock it all down, establish a baseline for testing, tracing, and treatment.

An economist and an epidemiologist. Osterholm is one of those guys who’s been right from the start...

Well one of the things that has happened in this recession that is unlike any recession in modern times, our savings rate has taken off. It's really curious. Those of us, like me, who have been able to keep our jobs, we're actually saving more money because we're not going out to restaurants or movies or on vacations. So the personal savings rates soared from about 8% to 20%.
The way it works is that money then gets put in the bank, or put into a money market fund, and those resources are available so that when the government runs deficits, it doesn't have to borrow as much from abroad because we're generating savings domestically. It is much safer for a country to fund its own government deficits from its own people than it is to borrow from abroad.
So it turns out, we can actually fund the additional unemployment benefits, for example, or additional support to small businesses from our own domestic resources. That is much, much better than having to borrow it from abroad. So this recession is very unique in how we've shut down part of the economy because it's also generating savings that can support the workers who are most affected. I know it's complicated, but this is a unique moment when the traditional concerns about government deficits, debt to GDP, do not apply.

What in the actual fuck is he talking about here? What do personal savings rates have to do with where the government “borrows” its money? Is he suggesting that the Domestic banks/money market funds are buying US debt And keeping the borrowing “local”? Because it’s not clear at ALL...almost appears as if he’s saying the US is tapping into the savings of individuals, based off his poorly worded statement.

Yeah...he could have worded that better.

[UNI88]

What in the actual fuck is he talking about here? What do personal savings rates have to do with where the government “borrows” its money? Is he suggesting that the Domestic banks/money market funds are buying US debt And keeping the borrowing “local”? Because it’s not clear at ALL...almost appears as if he’s saying the US is tapping into the savings of individuals, based off his poorly worded statement.

Yeah...he could have worded that better.

That dumbass statement leads me to believe that he's a Keynesian who thinks deficit spending will never be a problem and that more government involvement is the answer.

[HI54UNI]

He's an engineer that went into finance.

He worked at Goldman Sachs and was heavily involved in TARP so I'm surprised kalm likes him.

[kalm]

Yeah...he could have worded that better.

That dumbass statement leads me to believe that he's a Keynesian who thinks deficit spending will never be a problem and that more government involvement is the answer.

Well if there was ever a time for Keynesianism, it’s now.

[Winterborn]

Yeah...he could have worded that better.

That dumbass statement leads me to believe that he's a Keynesian who thinks deficit spending will never be a problem and that more government involvement is the answer.

[Ivytalk]

That dumbass statement leads me to believe that he's a Keynesian who thinks deficit spending will never be a problem and that more government involvement is the answer.

Well if there was ever a time for Keynesianism, it’s now.

Thank you, Richard Nixon.

[UNI88]

That dumbass statement leads me to believe that he's a Keynesian who thinks deficit spending will never be a problem and that more government involvement is the answer.

Well if there was ever a time for Keynesianism, it’s now.

And maybe we could afford it if we hadn't been spending money like a drunken sailor in Manilla for years and years.

[kalm]

Well if there was ever a time for Keynesianism, it’s now.

And maybe we could afford it if we hadn't been spending money like a drunken sailor in Manilla for years and years.

And cutting taxes. Stimulus will remain a need.

[CID1990]

Yeah...he could have worded that better.

That dumbass statement leads me to believe that he's a Keynesian who thinks deficit spending will never be a problem and that more government involvement is the answer.

Why do you think klam is all moist over him?

Of course he’s a Keynesian


Sent from my iPhone using Tapatalk

[kalm]

That dumbass statement leads me to believe that he's a Keynesian who thinks deficit spending will never be a problem and that more government involvement is the answer.

Why do you think klam is all moist over him?

Of course he’s a Keynesian


Sent from my iPhone using Tapatalk

This morning was the first time I’d ever heard from him. But he’s right.

[UNI88]

Why do you think klam is all moist over him?

Of course he’s a Keynesian

Sent from my iPhone using Tapatalk

This morning was the first time I’d ever heard from him. But CID’s right, he makes me moist.

Maybe he'll go kayaking with you.

I don't disagree that it's better to borrow from your citizens then foreign entities. My issue is that we have such a huge debt in the first place and we continue to add to it. We should just write down the amount that we owe to China for every dollar we spend in response to COVID19. And before you bring up cutting taxes, I was against the Trump tax cut (although reducing the deduction for state and local taxes was smart).

Austrian > Keynesian

[Ibanez]

This morning was the first time I’d ever heard from him. But CID’s right, he makes me moist.

Maybe he'll go kayaking with you.

I don't disagree that it's better to borrow from your citizens then foreign entities. My issue is that we have such a huge debt in the first place and we continue to add to it. We should just write down the amount that we owe to China for every dollar we spend in response to COVID19. And before you bring up cutting taxes, I was against the Trump tax cut (although reducing the deduction for state and local taxes was smart).

Austrian > Keynesian

Welcome to America, where the money is made up and the debt doesn't matter.

[kalm]

This morning was the first time I’d ever heard from him. But CID’s right, he makes me moist.

Maybe he'll go kayaking with you.

I don't disagree that it's better to borrow from your citizens then foreign entities. My issue is that we have such a huge debt in the first place and we continue to add to it. We should just write down the amount that we owe to China for every dollar we spend in response to COVID19. And before you bring up cutting taxes, I was against the Trump tax cut (although reducing the deduction for state and local taxes was smart).

Austrian > Keynesian

Austrian is good....on paper.

[UNI88]

Maybe he'll go kayaking with you.

I don't disagree that it's better to borrow from your citizens then foreign entities. My issue is that we have such a huge debt in the first place and we continue to add to it. We should just write down the amount that we owe to China for every dollar we spend in response to COVID19. And before you bring up cutting taxes, I was against the Trump tax cut (although reducing the deduction for state and local taxes was smart).

Austrian > Keynesian

Austrian is good....on paper.

So you're saying that Austrian Economics is kind of like socialism? Au contraire mon frère, Austrian Economics is far from perfect but it has a far better record of success than socialism.

[Ivytalk]

Austrian is good....on paper.

So you're saying that Austrian Economics is kind of like socialism? Au contraire mon frère, Austrian Economics is far from perfect but it has a far better record of success than socialism.

What the Hayek is this fuss all about?

[kalm]

Austrian is good....on paper.

So you're saying that Austrian Economics is kind of like socialism? Au contraire mon frère, Austrian Economics is far from perfect but it has a far better record of success than socialism.

It’s more like communism. Works great in small groups of 30 where everyone pulls their weight.

Where has it been fully implemented?

[Winterborn]

So you're saying that Austrian Economics is kind of like socialism? Au contraire mon frère, Austrian Economics is far from perfect but it has a far better record of success than socialism.

What the Hayek is this fuss all about?

I don't know but I am interested.

Spoiler: show

Salma Hayek for those that are interested.

[Winterborn]

This morning was the first time I’d ever heard from him. But CID’s right, he makes me moist.

Maybe he'll go kayaking with you.

I don't disagree that it's better to borrow from your citizens then foreign entities. My issue is that we have such a huge debt in the first place and we continue to add to it. We should just write down the amount that we owe to China for every dollar we spend in response to COVID19. And before you bring up cutting taxes, I was against the Trump tax cut (although reducing the deduction for state and local taxes was smart).

Austrian > Keynesian

Freshwater > Saltwater

Always have been more of a Chicago School myself.

[UNI88]

So you're saying that Austrian Economics is kind of like socialism? Au contraire mon frère, Austrian Economics is far from perfect but it has a far better record of success than socialism.

It’s more like communism. Works great in small groups of 30 where everyone pulls their weight.

Where has it been fully implemented?

You are correct. Socialism is more like communism.

[AZGrizFan]

Maybe he'll go kayaking with you.

I don't disagree that it's better to borrow from your citizens then foreign entities. My issue is that we have such a huge debt in the first place and we continue to add to it. We should just write down the amount that we owe to China for every dollar we spend in response to COVID19. And before you bring up cutting taxes, I was against the Trump tax cut (although reducing the deduction for state and local taxes was smart).

Austrian > Keynesian

Welcome to America, where the money is made up and the debt doesn't matter.

This is the winner, right here.

[Ibanez]

Welcome to America, where the money is made up and the debt doesn't matter.

This is the winner, right here.

Just have faith... We're just making it up. We're printing money and backing it with good vibes. How can any, elected fiscal conservative support that?

I don't deny that we should be helping people, but the money has got to come from someplace other than a HP deskjet printer. What are we cutting? What tax are we implementing or increasing to pay for it? Our government is beyond fiscally irresponsible.

[AZGrizFan]

What the Hayek is this fuss all about?

I don't know but I am interested.

Spoiler: show

Salma Hayek for those that are interested.

I changed my mind. THIS is the winner right here.