OT – who will run in 2020?

[spdrun]

The same diet you were eating during the last recession, assuming you COULD eat? 😀

[Coronita]

Wuhan Bats with Crow Sauce

Hubei Giant Snake and Crow

Crow Benedict

Crow Short Bent Over Easy

Crow Prawns Bent Over

Crow Bubble Tea

Iced Crow Latte

[Anonymous]

[quote=FlyerInHi]I said your comment is dumb in the context you yourself brought up. I didn’t attack you personally. something you do quite often.
.[/quote]

Sorry Charlie but I’m’ new around here.

[FlyerInHi]

I disagree spdrun.
Growth is just human ability to create value. It could be services that improve our lives, maybe an art installation that people would play money to attend.

Money is not a physical limitation. It’s just a human construct that facilitates trade. Big picture wise, these is no reason to let money limit human creativity. If not money in its current form, I am sure humans will create other forms of currency.

The people who were consistently wrong are the fiscal hawks who predicted inflation, fiscal and monetary collapse. Flu conveniently avoids skewering them, you know the Ron Paul, Rand Paul, Paul Ryan types. I wonder how much they invested in shorting the markets.

[Anonymous]

Crow Pad Thai

Crow Short Shank

Crow with Broccoli Sauce

Crow Cobb Salad

Crow Lo Mein

Some Ting Wong Crow

[FlyerInHi]

[quote=flu]Wuhan Bats with Crow Sauce

Hubei Giant Snake and Crow

Crow Benedict

Crow Short Bent Over Easy

Crow Prawns Bent Over

Crow Bubble Tea

Iced Crow Latte[/quote]

Very mature.

[FlyerInHi]

[quote=HypocriteBrian]Crow Pad Thai

Crow Short Shank

Crow with Broccoli Sauce

Crow Cobb Salad

Crow Lo Mein

Some Ting Wong Crow[/quote]

You can crow only if you’re right.

[spdrun]

Crow on a Virus.

[Anonymous]

[quote=spdrun]Crow on a Virus.[/quote]

You have a wonderful bedside manner

[Anonymous]

[quote=FlyerInHi][quote=flu]Wuhan Bats with Crow Sauce

Hubei Giant Snake and Crow

Crow Benedict

Crow Short Bent Over Easy

Crow Prawns Bent Over

Crow Bubble Tea

Iced Crow Latte[/quote]

Very mature.[/quote]

Well he’s entertaining us

[FlyerInHi]

Childish behavior speaks for itself.

[FlyerInHi]

[quote=spdrun]It’s like the Chernobyl reactor … they kept pulling out control rods to speed it up (growth via low interest rates). Short-term rise in power output, long-term ka-blooey!

[/quote]

That’s the kind of analogy fiscal conservatives and gold bugs have been using for a long time. They are all hiding under rocks now. Flu should ask them how many gold bullions they invested in.

Judy Shelton, Trump’s Fed nominee, was a big gold standard supporter. I wonder what her portfolio consists of.

https://www.google.com/amp/s/www.bloomberg.com/amp/opinion/articles/2020-02-19/judy-shelton-s-friends-are-dooming-her-fed-nomination

spdrun, even if the financial system blows up, human productive capacity will remain the same. The question then becomes how we keep productive capacity going. It would be sad to let money (lack of money or hyper inflated money) constrain human productivity and creativity. Economics is a science but it’s evolving. Unlike in physics, they are no laws of nature in economics.

[spdrun]

How much of the economy is actual production and life improvement? How much is people spinning their wheels to get a slightly newer iPad or iPhone than last year’s model? Does this really improve the human condition or just toss resources down the bog?

[The-Shoveler]

LOL this is why FIRE is actually a problem.

Your meant to pursue happiness not achieve it.

Else who is going to keep everything running.

[FlyerInHi]

[quote=spdrun]How much of the economy is actual production and life improvement? How much is people spinning their wheels to get a slightly newer iPad or iPhone than last year’s model? Does this really improve the human condition or just toss resources down the bog?[/quote]

Well, conventional wisdom is that the American system of allocating resources is superior because we have higher GDP growth. But now there are other measures such as happiness index.

Then you have the China model that allocates a lot to infrastructure. Maybe they are better managers and succeeded where others failed. Interestingly, Dan Slane, Trump’s infrastructure advisor is a student of China.

UK invested in transport canals, universities…, and that’s why the industrial revolution happened in the UK. There good evidence that our New Deal investments led to America’s 20th century prosperity.

We definitely had a consumer goods revolution where nearly everything has been commoditized in the developed world. Still lots of potential in Africa and the developing world that China is poised to capture.

It could be that the next industrial revolution, with AI, quantum computing, smart cities etc… can only happen with ultra large government investments. Or it could be that the private sector can do it better.

Americans are not so sure any more. That’s why Bernie’s Democratic Socialism resonates with so many people.

[Author]

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