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End all deficit financing of government

government

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6 replies to this topic

#1 treonsverdery

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Posted 07 May 2013 - 12:37 AM


End all deficit financing of government.


#2 YOLF

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Posted 07 May 2013 - 01:13 AM

It'll never happen... It's part of the program and it's helping to establish global economic parity.

Edited by cryonicsculture, 07 May 2013 - 01:15 AM.

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#3 treonsverdery

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Posted 07 May 2013 - 03:40 AM

Theres a few approaches

the first is the sane approach

Then there is the vote management software math theory approach. automated software control of representative democracies based of neural network prediction of partial interest vote adaptability.


I like the sane approach.

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#4 YOLF

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Posted 07 May 2013 - 04:06 AM

So what's the sane approach?

Personally I like the idea of separating food, healthcare, housing, and other necessities from the monetary system. These things should just be covered the world over and paid for whereever they may be by printing money or hitting the money button. In this way medical care and other basic needs would be completely provided for everywhere and with maximum investment. Inflation is relative... If the cost or money spent percapita skyrockets for medical care etc everywhere, and everything improves without money holding it back, then no country or economy will be harmed by the inflation and exchange rates will only be determined by other factors such as how many luxury items are bought and sold. After that we need global "adustment" in the costs of living and lifestyle. It's one of those things that will just have to happen though. There could be resistance of course, but seriously, people are living without these things.
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#5 contraband

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Posted 01 February 2016 - 03:50 PM

This would almost certainly trigger a recession



#6 OneScrewLoose

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Posted 10 April 2016 - 07:58 PM

This is ludicrous. A countries finances aren't like one's personal finances. Countries are expected to have some level of debt, and make up for this selling treasury bonds (among many things). If a countries economy is considered strong, the country pays low interest on those bonds (USA: 25), if the countries economy is considered weak it pays a high interest (Greece 6-7%). The only time in American history when we've had no debt is under Andrew Jackson, that's it. Don't confuse deficit with debt.


Edited by OneScrewLoose, 10 April 2016 - 07:59 PM.

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#7 Major Legend

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Posted 18 April 2016 - 10:40 PM

If you want to look at it another way, we do still have gunboat diplomacy, it's just not in your face. A powerful country has more economic leverage than a weaker country, if it has a huge deficit there is little the weaker country can do to make the more powerful country pay up. This is how countries can have multiple times of their GDP in deficit and still get along fine.

 

Selling another countries treasury or putting up tarrifs is a fine threat, but it's trade wars are like nuclear wars, if they do happen nobody wins and everybody loses, so nobody will actually want that to happen. Besides the end result is that you will just make the country in deficit more unable to pay back, which is not what you want.

 

Countries like China and Japan run surplusses on America, whilst that sounds great, there is no way they can make America pay up. If they sell treasuries America will just tax their exports, everybody would go down and the financial system will collapse.

 

This is not to say deficits don't matter, they apply painful pressures to the economic flexibility of a country, for example if you print too much money and you are in high deficit you start to run out of options to regulate your own finances.

 

Also though the world deficits are out of control and unprecedented, deficits are in fact a very key instrument to how economies functions. If you can't go into deficits it means you can't ever borrow money and if you can't borrow money it means you can never invest in the future. Without debt there would be nothing and capitalism might as well be dead.


Edited by Major Legend, 18 April 2016 - 10:43 PM.

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