No no no. With MMT you can print all the money you need and there is no long term effect. After 30 years of 2-3% inflation, we are just adjusting to a typical 4-5% inflation that should have occurred over that period. Once we make up that 60-90% increase in prices we will settle back into a sustainable rate of 4-5% inflation again. This has a minor impact on the ruling cabal since they can just vote themselves a salary adjustment to maintain their previously suppressed salary increases.
I feel like I lost IQ points reading the article at that link.No no no. With MMT you can print all the money you need and there is no long term effect. After 30 years of 2-3% inflation, we are just adjusting to a typical 4-5% inflation that should have occurred over that period. Once we make up that 60-90% increase in prices we will settle back into a sustainable rate of 4-5% inflation again. This has a minor impact on the ruling cabal since they can just vote themselves a salary adjustment to maintain their previously suppressed salary increases.
The economists have been predicting this for years. Folks like Sanders and AOC understand the simple logic involved here.
Ever heard of modern monetary theory?
To explain, let's start with a bathroom sink ...www.marketplace.org
Yeah, I should have put the interview with "She’s a former economic adviser to Democrats on the Senate Budget Committee and the Bernie Sanders 2016 presidential campaign" warning in there.
I see it more likely an sharp economic downturn is going to have a lot of people trying to sell off a few guns to get by. Unfortunately a lot of people who bought a first gun or two during the pandemic rethink being a gun owner when they are jobless.
i'd have to hit the lottery , if so a thompson is first on the list ! as too 2008 -2010 , so many people were buried in debt that they had no other way out , toys go first .
An economic down turn cuts both way with guns! On one had they need money, like you say. On the other, they are scared and want protection! Crime is up everywhere right now. If things in the economy go down, a lot of people will start to worry about things coming apart. So that will drive people to buy or retain guns. You don't want to get caught in a mostly peaceful protest without a gun! That said "rich" people toys do tend to drop off in value as they are not buying.
it's more about use / using it over flat out cost . how many times a year would i get to shoot it ? at this point in my life , not many . i have three more years till i retire , then i could consider it . i know people with collector cars that look at them sitting in the garage , get them out once a month to wash them , afraid to drive them because " something might happen " . not me , if i'm buying it , i'm driving it !
