Author Topic: Economics Culture  (Read 2383 times)

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Offline waldo

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Re: Economics Culture
« Reply #225 on: May 30, 2021, 02:49:25 pm »
Inflation rate hits 3.4%

wait, what? That's 3.4% in April 21 (as compared to April 20) - yes? In any case, is CPI like, uhhh... inflation inflation (what the Bank of Canada (BoC) uses CPI to target)... like that? March CPI was 2.2% - surely those poindexter's at the BoC aren't futzed by monthly (12 month) percentage changes... surely the BoC is more interested in a calendar year annual average - surely! Wait now waldo, aside from all those caveats associated with CPI itself, isn't there an overriding consideration related to the Covid-19 pandemic itself... one is which consumers experienced a significant decline in prices from February to April 2020 - surely in the coming months, (base year effecting) price declines observed in March and April 2020 will fall out of the 12-month price movement - surely!

what was your point member kimmy - what was your point?

the kimmo wonders why the waldo is so agitated by this!  Mention of inflation is clearly a no-no in waldo country, hey hey?

standard kimmo deflection move... state the other member is 'agitated'! Thing is member kimmo, as much as you presume to posture, to obfuscate... CPI is not inflation as targeted, measured, defined by the Bank of Canada. C'mon, take a stab at what I actually replied to you with... I've re-quoted it again for you to ignore/run away from!
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Offline MH

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Re: Economics Culture
« Reply #226 on: May 30, 2021, 02:56:44 pm »
Keynesian economics involves expanding or contracting government spending in response to economic conditions.   It really doesn't address the flow of wealth to the wealthiest.

 -k

Ok, but the Keynsian era coincided with higher taxes, and increased economic equality. 

Online wilber

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Re: Economics Culture
« Reply #227 on: May 30, 2021, 04:21:23 pm »
Don’t panic waldo, there will be plenty of time for that.
"Never trust a man without a single redeeming vice" WSC

Offline Gorgeous Graham

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Re: Economics Culture
« Reply #228 on: May 30, 2021, 04:58:22 pm »
I don't think the goal of MMT is the enrichment of the wealthy by increasing public debt. I think that's merely a side-effect, which we should be trying to counteract.

What kind of policy moves might slow or counteract the flow of money to people who already have money?

 -k

Taxes on the very wealthy, and corporate taxes on large corps.  Them making money is basically inevitable but we can also take some of it from them in income taxes etc. and redistribute back to the masses, who can then spend it again, and keep the cycle going.
I can tell how good of a person you are by how you treat the people you disagree with.
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Offline Gorgeous Graham

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Re: Economics Culture
« Reply #229 on: May 30, 2021, 05:05:49 pm »
the kimmo wonders why the waldo is so agitated by this!  Mention of inflation is clearly a no-no in waldo country, hey hey?

 -k

Inflation makes the government of the day look bad, or something?

Inflation is inevitable if people are sitting on their money for a year and then suddenly start spending it when COVID restrictions open up, while businesses are also looking to make up for losses etc.  Demand will be higher than supply in many areas.
I can tell how good of a person you are by how you treat the people you disagree with.

Offline waldo

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Re: Economics Culture
« Reply #230 on: May 30, 2021, 05:09:54 pm »
Don’t panic waldo, there will be plenty of time for that.

member kimmo says I'm 'agitated'... and now you say lil' ole waldo is 'panicked'! Over what? Over schooling the kimmo on what inflation actually is... and isn't - on that?
 
but hey now, is there a translator in the house to help explain just what you're blubbering on about here? Oh wait, are you referring to actual inflation... rather than the kimmo's misunderstanding over CPI? Is that it? How will you share your perpetual worrisome self between your fav hobby horse, debt... and inflation? Geezaz, talk about panic - yours!
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Offline waldo

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Re: Economics Culture
« Reply #231 on: May 30, 2021, 05:16:49 pm »
Inflation makes the government of the day look bad, or something?

one can make that statement/argument... but you don't try to leave that implication, as member kimmo did, by drawing reference to one month of CPI and incorrectly referring to it as actual inflation. And again, more pointedly, even if she wanted to make some implication with April's CPI, the waldo also schooled the kimmo on the overriding consideration related to the Covid-19 pandemic itself... one is which consumers experienced a significant decline in prices from February to April 2020 - that in the coming months, the base year affecting consumer price declines observed in March and April 2020 will fall out of the 12-month price CPI movement!
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Offline waldo

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Re: Economics Culture
« Reply #232 on: June 11, 2021, 11:52:13 pm »
last week G7 Finance Ministers announced an historic accord to set a minimum global corporate tax rate intended to enact a minimum floor level on the taxes paid by corporations worldwide and help to prevent multinational firms seeking lower tax obligations from simply moving elsewhere; specifically agreeing to the principle of a global minimum corporation tax on large firms of at least 15% operated on a country-by-country basis - the agreement enables countries to tax 20 percent of the profits of “the largest and most profitable multinational enterprises” that have profit margins of at least 10 percent.

clearly bumpkin O'Foole failed to "read the room"... also showing a related passage from his letter as sent to PM Trudeau



during this weeks meeting, G7 leaders will formally accept this agreement reached by their respective Finance Ministers. Apparently action figures are now available in the gift shop!

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Offline MH

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Re: Economics Culture
« Reply #233 on: June 12, 2021, 05:27:39 am »
Biden action figure is an oxymoron.

I would be curious about a Merkel sex doll though...

Offline waldo

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Re: Economics Culture
« Reply #234 on: June 12, 2021, 01:39:32 pm »
yup, member Hardner - I recall you mentioning a fondness for the largerLadies... good to read you leaning towards Merkel's large brain (degree in physics & doctorate in quantum chemistry)!
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Offline JuniperRose

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Re: Economics Culture
« Reply #235 on: June 12, 2021, 02:35:42 pm »
Apparently the birth rate has dropped significantly.  Is it because people are fightin' more then ****in' or are they having 2nd thoughts about bringing kids into a world FUBAR?

My friend thought long and hard before having her one child, and won't be having a second because of environmental concerns. 

Not sure how compelling it is, but there's evidence that the pollutants in the world have affected male fertility; they have smaller sexual organs and sperm is less healthy.

Offline MH

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Re: Economics Culture
« Reply #236 on: June 12, 2021, 03:56:42 pm »
My friend thought long and hard before having her one child, and won't be having a second because of environmental concerns. 

Not sure how compelling it is, but there's evidence that the pollutants in the world have affected male fertility; they have smaller sexual organs and sperm is less healthy.

Yup.  A chubby gal with a brain and hopefully glasses... Make me stammer...

Offline Gorgeous Graham

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Re: Economics Culture
« Reply #237 on: June 13, 2021, 10:03:02 pm »
My friend thought long and hard before having her one child, and won't be having a second because of environmental concerns. 

Not sure how compelling it is, but there's evidence that the pollutants in the world have affected male fertility; they have smaller sexual organs and sperm is less healthy.

My wild guess is cellphones.  Sperm counts have dropped steadily since the iPhone came out around 2009.  Men usually keep their phones in their front pocket, which is right next to their balls.  Before I go to bed I put my phone at least 4-6 feet away from me while I sleep just to give my body a break, and I turn off my wifi and data whenever not in use.  I have no idea if this does anything but I know it doesn't hurt.

I don't see any other reason why sperm counts would have dropped over the last 10-15 years, but who knows.
I can tell how good of a person you are by how you treat the people you disagree with.

Offline MH

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Re: Economics Culture
« Reply #238 on: June 14, 2021, 05:46:57 am »
Wow, very interesting. I've had a mobile phone for 10 years and I never keep it in my front pocket and my sperm counts are healthy and above average for my age. You may have had a good guess, but I'm sure studies would be able to explain this to us..
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Online wilber

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Re: Economics Culture
« Reply #239 on: June 14, 2021, 07:42:44 am »
I spent the last 28 years of my working life surrounded by electronics and sucking up high altitude radiation.
Good thing I had my kids early.
"Never trust a man without a single redeeming vice" WSC