tag:blogger.com,1999:blog-1592992209402300549.post9066215852918255824..comments2024-03-28T08:06:43.198-04:00Comments on The Silicon Graybeard: I Kinda Like This KidSiGraybeardhttp://www.blogger.com/profile/00280583031339062059noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-1592992209402300549.post-38335914515011923022020-07-05T13:46:25.231-04:002020-07-05T13:46:25.231-04:00This comment has been removed by a blog administrator.neme amberhttps://www.blogger.com/profile/00608252564205427357noreply@blogger.comtag:blogger.com,1999:blog-1592992209402300549.post-79328321466957671132020-07-03T12:00:15.111-04:002020-07-03T12:00:15.111-04:00That whole "carpenters can't run out of n...That whole "carpenters can't run out of nails, stadiums can't run out of points" argument is so illogical, so irrelevant that it really makes you wonder about her ability to think. It makes me wonder if she really believes those are valid analogies or if she thinks everyone else is so stupid they'll just accept it. <br /><br />They're talking about completely different things. We have thousands of years of history that show what happens when money is printed at will. There are no good outcomes. <br /><br />SiGraybeardhttps://www.blogger.com/profile/00280583031339062059noreply@blogger.comtag:blogger.com,1999:blog-1592992209402300549.post-79139481912048081662020-07-03T11:31:22.985-04:002020-07-03T11:31:22.985-04:00She is right, of course. Carpenters cannot run out...She is right, of course. Carpenters cannot run out of inches. They can , however, run out of nails. Fiat is not the same as materiel. Perhaps she needs instructions on how to print a loaf of bread, or a gallon of gas.ravennoreply@blogger.comtag:blogger.com,1999:blog-1592992209402300549.post-29326030424887899552020-07-03T08:11:59.247-04:002020-07-03T08:11:59.247-04:00History - George Bush took the debt from $6T to $1...History - George Bush took the debt from $6T to $10T. Obama took the debt from $10T to $20T. Trump has taken the debt from $20T to $27T in his first term.McChuckhttps://www.blogger.com/profile/10243337792601085456noreply@blogger.comtag:blogger.com,1999:blog-1592992209402300549.post-10241896392764543852020-07-03T08:02:24.460-04:002020-07-03T08:02:24.460-04:00That middle paragraph was supposed to say Dr. Kelt...That middle paragraph was supposed to say Dr. Kelton, too. <br /><br />I didn't even notice the messed up name. Had to have it pointed out to me.SiGraybeardhttps://www.blogger.com/profile/00280583031339062059noreply@blogger.comtag:blogger.com,1999:blog-1592992209402300549.post-50927191713587735232020-07-02T22:56:25.589-04:002020-07-02T22:56:25.589-04:00That's what Dr. Stephanie told me. Dr. Stepha...That's what Dr. Stephanie told me. Dr. Stephanie Kelton, who was Bernie Sanders' economic advisor for a while. She said carpenters can't run out of inches, football stadiums can't run out of points, airlines can't run out of frequent flyer miles and therefore we can't run out of money. <br /><br />Dr. Shelton is one of the big advocates of Modern Monetary Theory. There are some ideas that are so stupid only a Ph.D. could accept them. <br /><br />(You know, I ran into the original source of that quote the other day. It's not what I just wrote but you can see how it morphed into what I wrote. I should have copied it down.) <br />SiGraybeardhttps://www.blogger.com/profile/00280583031339062059noreply@blogger.comtag:blogger.com,1999:blog-1592992209402300549.post-43035325116113825952020-07-02T22:44:34.948-04:002020-07-02T22:44:34.948-04:00Ha! There's no way that this can turn bad! A...Ha! There's no way that this can turn bad! A monetary system doesn't need an underlying economy, does it? We can simply print money and pay our bills. /sarcasmJohn Wilderhttp://wilderwealthywise.comnoreply@blogger.com