Bidengeddon: Dank Brandon Rises

Discussion in 'The Mainboard' started by GoodForAnother, Nov 6, 2020.

  1. Truman

    Truman Well-Known Member
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    Im not sure I follow on this. How so?
     
  2. Bo Pelinis

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    10k today is worth substantially more than 10k in 10 years. You have more buying power now than in 10 years because of inflation/COL. If you pay a creditor a locked in $300/mo for a term of years, in 10 years it’s worth substantially less than it is now. Creditors have a built-in incentive to keep inflation low if you’re doing things like originating mortgages, for instance.
     
  3. Bo Pelinis

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    And I shouldn’t say poor people so much as non-wealthy/non-creditors.
     
  4. Truman

    Truman Well-Known Member
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    While I don’t disagree w the premise wrt to debt laden people, overall inflation does more harm in pretty much every other aspect. Especially in day to day life. And, at the end of your loan, your asset is worth less.
     
  5. Bo Pelinis

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    I should probably be more careful with wording and the levels we’re talking about. Dramatic inflation is bad. Some can be good and there’s an incentive for various persons to want certain levels.
     
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  6. Bruce Wayne

    Bruce Wayne Billionaire Playboy
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    I'll have to reread Kelton's book so Truman feel free to correct me here if I misstate it, but I thought the MMT crowd considered inflation to be "a gift to the investor class," or something to that effect? I thought it was argued that in a "fair" economy that inflation would be 0?
     
  7. Truman

    Truman Well-Known Member
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    I dont remember that specific line. But if you’re in the investor class you own more tangible assets and can survive and buy up everything when things stabilize.

    Idk about a fair economy having zero inflation. You want a little inflation like 2-3% to grow over time
     
  8. stexraider

    stexraider Fire Everybody
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    beat me to it... I’m not trying to be an inflation fear monger at all but hyper inflation is a definite bad deal for everyone ... the period in the 70s and early 80s maybe/probably verged on hyper inflation and is a period that has influenced a lot of fed and fiscal policy.
    Ideally, and the Fed had agreed for years, inflation should be about 2%

    my personal belief is that technology has been responsible for the vast amount of inflation control
     
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  9. cutig

    cutig My name is Rod, and I like to party
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    So two infrastructure packages will pass at least
     
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  10. steamengine

    steamengine I don’t want to press one for English!
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  11. joe-

    joe- yesterday is a hard word for me
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    he can’t just say it he has to declare it
     
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  12. afb

    afb Spoiler Alert: Pawnee, IN may not be on a map.
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    seems like the senate is really really dumb
     
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  13. Sub-Zero

    Sub-Zero ALL THE TOSTITOS!!!
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    Every single time they do this with VP Harris breaking the tie, they need to remind everyone how much of the country is represented by the 51 and how it's way more of a majority than breaking a tie.
     
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  14. chuckmasterflex

    chuckmasterflex Attack and dethrone God
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    Manchin will take a chunk out of whatever bill the Democrats propose. I'm fine with that, as long as we at least get major filibuster reform and add DC and PR as states. Need to pass popular shit and gain seats in the Senate in the midterms, hold the House, and grind this out.
     
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  15. AbeFroman

    AbeFroman You touch me, I yell RAT!

    41,500,000 more people according to an article I read.
     
  16. Sub-Zero

    Sub-Zero ALL THE TOSTITOS!!!
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    yeah I didn't know the exact number but any article should read "Senators representing XX% of the United States today approved...." instead of "50/50 tie-break"...I know it won't work that way in today's media but it should be emphasized at every opportunity.
     
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  17. beerme

    beerme Well-Known Member
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    well get filibuster reform just in time for republicans to have the senate back
     
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  18. DollarBillHokie

    DollarBillHokie Usher is the worst
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    Why can’t we tie federal money to voter turnout? >90% turnout of all 18+ = 100% of budgeted money, >80% =95%, <80% = 75%.
     
  19. The Banks

    The Banks TMB's Alaskan
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    2024 if Biden doesn’t get shit passed? 2022 is very favorable for Dems provided Biden delivers on some easy promises like cancelling student loan debt.
     
  20. Name P. Redacted

    Name P. Redacted I have no money and I'm also gay
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    This is the stupidest idea ever. Even the highest turnout rates are like 30-40%
     
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  21. The Banks

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    2020 was over 66%...
     
  22. dblplay1212

    dblplay1212 Well-Known Member
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    :laugh: at "false narrative." The entire new law was based on a false narrative. The GOP is using the Big Lie to re-create Jim Crow.
     
  23. Hank Scorpio

    Hank Scorpio Globex Corporation, Philanthropist, Supervillain
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    Every time I see/hear that word, I always think of the riff from Shaun of the Dead.
     
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  24. Where Eagles Dare

    Where Eagles Dare The Specialist Show On Earth
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    I think you're pretty far off
     
  25. Bruce Wayne

    Bruce Wayne Billionaire Playboy
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    And that's still considered low turnout if you compare it to most European countries.
     
  26. Beeds07

    Beeds07 Bitch, it's Saturday
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    You know what they say, if you don't stand for something you'll fall for anything, like a tree. :idk:
     
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  27. Name P. Redacted

    Name P. Redacted I have no money and I'm also gay
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    To be fair I didn’t look any of these numbers up.
     
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  28. Pile Driving Miss Daisy

    Pile Driving Miss Daisy It angries up the blood
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    Leaving a Senator a voicemail? That's a bullying!

     
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  29. timo

    timo g'day, mate
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    could probably cross post this in the "will you continue to wear a mask" thread
     
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  30. RavenNole

    RavenNole Well-Known Member
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  31. RavenNole

    RavenNole Well-Known Member
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    2022 house will be tough to keep when the republicans get done drawing their gerrymandered districts even if the democrats win the 3-4 seats required to bust through the filibuster on things like voting right legislation, DC statehood and things like that.
     
  32. Henry Blake

    Henry Blake No Springsteen is leaving this house!
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    #12233 Henry Blake, Apr 6, 2021
    Last edited: Apr 6, 2021
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  33. Butthead

    Butthead narmas, narmas

    It works on these people because they're currently trying to figure out how to print out a Washington Times article
     
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  34. timo

    timo g'day, mate
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  35. Name P. Redacted

    Name P. Redacted I have no money and I'm also gay
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    GoodForAnother explain
     
  36. wes tegg

    wes tegg I'm a Guy's guy, guys.
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    Four Seasons or bust for me.
     
  37. afb

    afb Spoiler Alert: Pawnee, IN may not be on a map.
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    Riiiiiiiiiiiiiiiiiiiiiigght
     
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  38. bro

    bro Your Mother’s Favorite Shitposter
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    The finger thing means money.jpeg
     
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  39. steamengine

    steamengine I don’t want to press one for English!
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  40. bro

    bro Your Mother’s Favorite Shitposter
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  41. Illinihockey

    Illinihockey Well-Known Member
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    this is amazing. Don’t interfere in politics unless you’re giving us money
     
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  42. steamengine

    steamengine I don’t want to press one for English!
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    The woke lib mafia is getting everything in the divorce. All that’s left will be the literal power of most of government which is pretty nice I guess.
     
  43. Bruce Wayne

    Bruce Wayne Billionaire Playboy
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  44. afb

    afb Spoiler Alert: Pawnee, IN may not be on a map.
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    More like “give us money but also don’t interfere”
     
  45. Bruce Wayne

    Bruce Wayne Billionaire Playboy
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  46. The Banks

    The Banks TMB's Alaskan
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    Yeah yeah, we all watched Charlie Wilson’s War
     
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  47. bro

    bro Your Mother’s Favorite Shitposter
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  48. chuckmasterflex

    chuckmasterflex Attack and dethrone God
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