Mod Note:
Republicans and Democrats are not really a fitting topic of discussion on a site with a No Politics rule like this one has.
So, please, find something else to talk about.
D&D and the rising pandemic
Mod Note:
Republicans and Democrats are not really a fitting topic of discussion on a site with a No Politics rule like this one has.
So, please, find something else to talk about.
Zardnaar
Legend
Interest rates are very low. Good thing about depressions is interest rates and inflation tend to be low.
Money printer go brrrrrrr can inflate or devalue things a bit. Or money's fallen slightly due to this.
Every government that's sane is probably going to be making brrrrrrr noises.
Decade of debt. So far. Our debt ratio was a lot lower than USA though.
I stand by what I said- only helping the wealthy is NOT a recipe for rapid economic recovery.
Levistus's_Leviathan
5e Freelancer
Sorry, I'll not continue talking about that.
ad_hoc
(they/them)
Germany, Europe's Largest Economy, Enters Recession Due To Coronavirus
Germany has seen its biggest quarterly contraction since 2009 when the global financial crisis ravaged the country's economy. Economists expect an even deeper slump in the second quarter.www.npr.org
So, no, not "just fine". Better than we are? Probably.
Here's the thing, again - EN World has a No Politics rule. So, discussion of exactly why we do what we do can only go so far. You want to discuss it further than that, you'll have to do so on another site. I'm sorry.
The wealthy losing money isn't something I care about.
This is like the paradoxical notion that automation eliminating jobs is a bad thing.
It's only a bad thing because the owners are able to profit more off of it. If we instead used the additional labour provided by the automatons for the benefit of the people it wouldn't be a problem.
Which is why I specified Arthur Laffer’s version, which is predicated on tax cuts for businesses and wealthy. Tax cuts, of course, being inherently without control & oversight. But Laffer’s theory can work ONLY when taxation is so high that it is on the right side of the bell curve. (Notably, no research has EVER been done on the actual shape of Laffer’s curve, so nobody has any idea if it’s even symmetrical.)
Some of the arch-capitalists of the late 19th and early 20th centuries did exactly the same thing European supply side programs do. Henry Ford, for instance, paid above-average wages to his employees in part to grow the market for his own products. Employees with decent salaries would be more likely to buy all kinds of things, including cars. And those who didn’t buy cars would still spend money, some of which would end up in the hands of prospective car buyers.
It’s also a bad thing for certain individual workers. Like someone who is in the later stages of their working life and would find retraining for a new job difficult or impossible. Especially if they’re not in a good position to retire.
It could also be disastrous in areas where the local economy is not diversified.
Levistus's_Leviathan
5e Freelancer
Unfortunately, most of America seems to disagree with you.
ad_hoc
(they/them)
Not if the people are supported.
The job is still getting done.
The idea that a person needs to be punished because work is no longer required is ridiculous.
Eltab
Lord of the Hidden Layer
I have a student loan. I got a letter in the mail telling me my payments and interest had been stopped (both) until October so I did not have to pay. When I went to the lender's website to check on making a payment anyways - I am converted to work-from-home - it wanted to argue me out of doing so. As if the lender figured out that payments made during the no-interest period would mean a smaller principal balance later and therefore less interest income to them in the future, plus I would finish paying it all off sooner.
