[quote=DomoArigato]
So you can’t show me an example of a country that was similarly situated as the U.S. and that ended up destroyed due to large deficits (Japan is a very good counterexample), but you are certain that large deficits in the U.S. will lead to disaster. Your logic is bulletproof.[/quote]
Domo: And your logic, such as it is, is non-existent. Because SDR hasn’t offered an example, one doesn’t exist? You then use this “logic” to buttress your unsupported contention that your solution is the only reasonable one.
I don’t know if you’re penning these little epistles whilst laughing, but you should be.
And, relative to the European Central Bank, they can print money all the live long day. That’s not the problem. The utter and complete lack of value of the underlying assets is. Much like what we’re still continuing to confront here in the US. Balance sheets still suck, the assets tied to the loans are essentially valueless, hence the reason the banks won’t (can’t) lend. China is very near finding itself in the same situation.
There are some excellent books out there on the proper formulation of an argument and the proper use of logic. You should read them. And quit with the ad hominen, it simply makes you look stupid, not your target.
