Recent content by bbjaylive

The blogger obviously doesn't live in Spain as he doesn't have a clue why Spain is in such a deep hole. You may try to defend the Euro on libertarian principles, but you cannot defend it on economic ones. Even from a libertarian standpoint, why would you want to give up some of country's...

Good. The debt ceiling is a stupid idea. Who votes to pay for what you've already borrowed? It makes no sense.

LOL, now you're just being a troll.

The mainstream ain't as great as you make it out to be. Mainstream economics isn't like mainstream science, because mainstream science deals with facts, not theories backed up with insufficient evidence. For example, most economists would have you believe that trade started out as bartering...

It isn't being spent. QE is having no effect on the economy.

Trade deficits are not necessarily a bad thing. Thomas Sowell debunked this in "Basic Economics".

That's what someone should ask Ben Bernanke. If you want to know about the monetary system and why QE isn't working from a libertarianish/Austrian perspective, you should follow Cullen Roche and Ed Harrison on twitter. You'll find them a lot more palatable than the MMT folks. Try Steve Keen too.

Try Glenn Greenwald for one and CATO. Try to find a conservative commentator actually willing to talk about it. Seems like American conservative media just ignores when Israel bombs a place out of the blue. Foreign policy, especially Middle East is a topic where you want to avoid at all costs...

Exactly WHAT would cause a sudden loss of confidence? To the OP, to see troublesome inflation like above 6%, the economy would probably have to be running at full employment (~5% unemployment) and the government would still be running deficits (as % of GDP) as large as they are now. There would...

I have no idea why he's allowed to comment on economics, and finance in particular. He's a HISTORIAN, and generally doesn't have a clue what he's talking about.

Nope. It's about half of that.

Has the government ever failed to pay up when the bonds mature? No. So why does it seem odd to you that they are so reliable?

Do you print your own money? No. So what on earth are you talking about?

Yep, exactly. The QE is just accumulating as reserves. However, the reserves aren't going to be borrowed as banks don't actually lend reserves. That's right, QE is and always was going to do JACK **** for the economy.

David Walker is a shill and a fraud. He's one of the four horsemen of the Austerity Apocalypse. The others would be Paul Ryan and two two-headed horses in Erskine & Bowles and Reinhart & Rogoff. Pete Peterson is the grand puppeteer in all of this. Walker's his lackey who goes on CNBC and Fox...