Author Topic: Government Day-to-Day  (Read 11476 times)

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Offline eyeball

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Re: Government Day-to-Day
« Reply #1605 on: April 03, 2021, 04:13:50 pm »
Maybe we should just worry about what we do. We aren't the world's reserve currency like the USD.

The US is a failing super-power and it's currency has no more business being the world's reserve currency then Russia's. By this reasoning China should be dictating to the world how the economy works.

Offline wilber

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Re: Government Day-to-Day
« Reply #1606 on: April 03, 2021, 05:55:47 pm »
The US is a failing super-power and it's currency has no more business being the world's reserve currency then Russia's. By this reasoning China should be dictating to the world how the economy works.

But it is. Ours isn't and never will be.

The US is still by far the largest economy of any country.
"Never trust a man without a single redeeming vice" WSC

Offline wilber

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Re: Government Day-to-Day
« Reply #1607 on: April 03, 2021, 06:06:29 pm »
I would have thought preventing disease and the loss of life would be justification enough. I suspect the endemic corruption that existed long before COVID in Brazil, Argentina and Venezuela is what put them in the poor house. But hey, what do I know, perhaps the only real way to create prosperity is with a little corruption.  Too much is probably bad for you but given how many corporations seem to have forsaken most western countries perhaps we're not corrupt enough.   
I'm taking about printing our way to the end of the pandemic.  Why did you change the topic from getting thru a pandemic to creating prosperity?  There's no justification for clouding the issue this way.

I'm just saying there will be long term consequences to all that spending. Those consequences could be trying to service a crippling debt which would put us no further ahead in the long run. There were those who maintained it doesn't matter what we spent, anything was justified, it didn't matter if a few dozen billions were wasted or miss directed, speed was all that mattered.  It does and it wasn't.
"Never trust a man without a single redeeming vice" WSC

Offline eyeball

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Re: Government Day-to-Day
« Reply #1608 on: April 03, 2021, 09:52:34 pm »
I'm just saying there will be long term consequences to all that spending. Those consequences could be trying to service a crippling debt which would put us no further ahead in the long run. There were those who maintained it doesn't matter what we spent, anything was justified, it didn't matter if a few dozen billions were wasted or miss directed, speed was all that mattered.  It does and it wasn't.
And history is saying the consequences of putting the economy first will have worse economic consequences. No doubt we'll be warned of dire consequences if we don't borrow even more to save the economy.  Godspeed will be the order of the day.

Offline wilber

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Re: Government Day-to-Day
« Reply #1609 on: April 03, 2021, 10:41:26 pm »
And history is saying the consequences of putting the economy first will have worse economic consequences. No doubt we'll be warned of dire consequences if we don't borrow even more to save the economy.  Godspeed will be the order of the day.

Oh, there will be consequences. What happened in the nineties is creditors were balking at lending to Canada so Chretien and Martin had to slash spending and a lot federal responsibilities got downloaded to provinces
"Never trust a man without a single redeeming vice" WSC

Offline waldo

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Re: Government Day-to-Day
« Reply #1610 on: April 13, 2021, 12:12:03 am »

Offline waldo

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Re: Government Day-to-Day
« Reply #1611 on: April 13, 2021, 01:04:56 am »
what's in a readout statement, hey!


Offline Gorgeous Graham

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Re: Government Day-to-Day
« Reply #1612 on: April 13, 2021, 01:05:47 am »
Look at all those voters afraid CPC gonna cut their free money.  Best election money can buy.
I can tell how good of a person you are by how you treat the people you disagree with.
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