Krugman heralds start of next depression

[briansd1]

[quote=Arraya]There is a school of though that bubble wealth is just an illusion
[/quote]

[quote=Arraya]
The constant injections of debt and printed cash is just a frantic attempt at trying to maintain an illusion.[/quote]

That’s a good point, Arraya.

But what about the economic activities that were made possible thanks to the bailout/stimulus programs? They would not have been possible without government support.

Sure, we are front-loading and borrowing from the future, with the assumption that once the economy is fully recovered, we can better afford to “pay back”.

[DWCAP]

[quote=briansd1][quote=Arraya]There is a school of though that bubble wealth is just an illusion
[/quote]

[quote=Arraya]
The constant injections of debt and printed cash is just a frantic attempt at trying to maintain an illusion.[/quote]

That’s a good point, Arraya.

But what about the economic activities that were made possible thanks to the bailout/stimulus programs? They would not have been possible without government support.

Sure, we are front-loading and borrowing from the future, with the assumption that once the economy is fully recovered, we can better afford to “pay back”.[/quote]

Maybe this will help me. At what point does the government stop? I mean, it has been a year now since the recession ended (give or take a month). Unemployment is off its highs, and moving in the right direction. Home sales and prices are mostly steady. The Stock market is still well above its lows of 18 months ago. Things are not good, but they are improving. At what point does the austerity begin under your oft repeated plan? When is ‘better’, and how will we know that is when it is ok to make things ‘worse’?

[DWCAP]

[quote=briansd1][quote=Arraya]There is a school of though that bubble wealth is just an illusion
[/quote]

[quote=Arraya]
The constant injections of debt and printed cash is just a frantic attempt at trying to maintain an illusion.[/quote]

That’s a good point, Arraya.

But what about the economic activities that were made possible thanks to the bailout/stimulus programs? They would not have been possible without government support.

Sure, we are front-loading and borrowing from the future, with the assumption that once the economy is fully recovered, we can better afford to “pay back”.[/quote]

Maybe this will help me. At what point does the government stop? I mean, it has been a year now since the recession ended (give or take a month). Unemployment is off its highs, and moving in the right direction. Home sales and prices are mostly steady. The Stock market is still well above its lows of 18 months ago. Things are not good, but they are improving. At what point does the austerity begin under your oft repeated plan? When is ‘better’, and how will we know that is when it is ok to make things ‘worse’?

[DWCAP]

[quote=briansd1][quote=Arraya]There is a school of though that bubble wealth is just an illusion
[/quote]

[quote=Arraya]
The constant injections of debt and printed cash is just a frantic attempt at trying to maintain an illusion.[/quote]

That’s a good point, Arraya.

But what about the economic activities that were made possible thanks to the bailout/stimulus programs? They would not have been possible without government support.

Sure, we are front-loading and borrowing from the future, with the assumption that once the economy is fully recovered, we can better afford to “pay back”.[/quote]

Maybe this will help me. At what point does the government stop? I mean, it has been a year now since the recession ended (give or take a month). Unemployment is off its highs, and moving in the right direction. Home sales and prices are mostly steady. The Stock market is still well above its lows of 18 months ago. Things are not good, but they are improving. At what point does the austerity begin under your oft repeated plan? When is ‘better’, and how will we know that is when it is ok to make things ‘worse’?

[DWCAP]

[quote=briansd1][quote=Arraya]There is a school of though that bubble wealth is just an illusion
[/quote]

[quote=Arraya]
The constant injections of debt and printed cash is just a frantic attempt at trying to maintain an illusion.[/quote]

That’s a good point, Arraya.

But what about the economic activities that were made possible thanks to the bailout/stimulus programs? They would not have been possible without government support.

Sure, we are front-loading and borrowing from the future, with the assumption that once the economy is fully recovered, we can better afford to “pay back”.[/quote]

Maybe this will help me. At what point does the government stop? I mean, it has been a year now since the recession ended (give or take a month). Unemployment is off its highs, and moving in the right direction. Home sales and prices are mostly steady. The Stock market is still well above its lows of 18 months ago. Things are not good, but they are improving. At what point does the austerity begin under your oft repeated plan? When is ‘better’, and how will we know that is when it is ok to make things ‘worse’?

[DWCAP]

[quote=briansd1][quote=Arraya]There is a school of though that bubble wealth is just an illusion
[/quote]

[quote=Arraya]
The constant injections of debt and printed cash is just a frantic attempt at trying to maintain an illusion.[/quote]

That’s a good point, Arraya.

But what about the economic activities that were made possible thanks to the bailout/stimulus programs? They would not have been possible without government support.

Sure, we are front-loading and borrowing from the future, with the assumption that once the economy is fully recovered, we can better afford to “pay back”.[/quote]

Maybe this will help me. At what point does the government stop? I mean, it has been a year now since the recession ended (give or take a month). Unemployment is off its highs, and moving in the right direction. Home sales and prices are mostly steady. The Stock market is still well above its lows of 18 months ago. Things are not good, but they are improving. At what point does the austerity begin under your oft repeated plan? When is ‘better’, and how will we know that is when it is ok to make things ‘worse’?

[Anonymous]

[quote=afx114]
We 1099’ers also pay double — once as employee and once as employer.[/quote]

No, you don’t. Whatever income passes through to you as an employee is deductible as a business expense by the entity paying it.

What you do do, is systematically underpay your taxes relative to W-2 employees.

[Anonymous]

[quote=afx114]
We 1099’ers also pay double — once as employee and once as employer.[/quote]

No, you don’t. Whatever income passes through to you as an employee is deductible as a business expense by the entity paying it.

What you do do, is systematically underpay your taxes relative to W-2 employees.

[Anonymous]

[quote=afx114]
We 1099’ers also pay double — once as employee and once as employer.[/quote]

No, you don’t. Whatever income passes through to you as an employee is deductible as a business expense by the entity paying it.

What you do do, is systematically underpay your taxes relative to W-2 employees.

[Anonymous]

[quote=afx114]
We 1099’ers also pay double — once as employee and once as employer.[/quote]

No, you don’t. Whatever income passes through to you as an employee is deductible as a business expense by the entity paying it.

What you do do, is systematically underpay your taxes relative to W-2 employees.

[Anonymous]

[quote=afx114]
We 1099’ers also pay double — once as employee and once as employer.[/quote]

No, you don’t. Whatever income passes through to you as an employee is deductible as a business expense by the entity paying it.

What you do do, is systematically underpay your taxes relative to W-2 employees.

[CA renter]

[quote=Arraya]There is a school of though that bubble wealth is just an illusion and it’s really just multiple claims on the same wealth pie. When the bubble collapses claims are extinguished. It’s kind of a trip to understand but it was never really there in the first place. The constant injections of debt and printed cash is just a frantic attempt at trying to maintain an illusion.[/quote]

Bingo!

[CA renter]

[quote=Arraya]There is a school of though that bubble wealth is just an illusion and it’s really just multiple claims on the same wealth pie. When the bubble collapses claims are extinguished. It’s kind of a trip to understand but it was never really there in the first place. The constant injections of debt and printed cash is just a frantic attempt at trying to maintain an illusion.[/quote]

Bingo!

[CA renter]

[quote=Arraya]There is a school of though that bubble wealth is just an illusion and it’s really just multiple claims on the same wealth pie. When the bubble collapses claims are extinguished. It’s kind of a trip to understand but it was never really there in the first place. The constant injections of debt and printed cash is just a frantic attempt at trying to maintain an illusion.[/quote]

Bingo!

[CA renter]

[quote=Arraya]There is a school of though that bubble wealth is just an illusion and it’s really just multiple claims on the same wealth pie. When the bubble collapses claims are extinguished. It’s kind of a trip to understand but it was never really there in the first place. The constant injections of debt and printed cash is just a frantic attempt at trying to maintain an illusion.[/quote]

Bingo!

[Author]

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