tag:blogger.com,1999:blog-8515247115132134144.post9098763584893456116..comments2024-02-17T12:34:01.400-08:00Comments on Illusion of Prosperity: Thoughts on Long-Term Capacity UtilizationStagflationary Markhttp://www.blogger.com/profile/04568993350246477976noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-8515247115132134144.post-4117913943223560552014-02-14T14:49:59.583-08:002014-02-14T14:49:59.583-08:00Troy,
I suspect that later this decade the PTB ar...Troy,<br /><br /><i>I suspect that later this decade the PTB are going to go full Money Drop on the economy.</i><br /><br /><i>In fact, it's a form of competition, who can print more.</i><br /><br /><a href="http://www.imdb.com/title/tt0942385/quotes?item=qt0477742" rel="nofollow">This quote</a> seems oddly appropriate for some reason, lol. Sigh.<br /><br />Gallows humor.Stagflationary Markhttps://www.blogger.com/profile/04568993350246477976noreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-6257062293238839782014-02-14T14:41:16.058-08:002014-02-14T14:41:16.058-08:00http://research.stlouisfed.org/fred2/graph/?g=s7Q
...<a href="http://research.stlouisfed.org/fred2/graph/?g=s7Q" rel="nofollow">http://research.stlouisfed.org/fred2/graph/?g=s7Q</a><br /><br />last graph with the US added.<br /><br />Gross debt is misleading, since both the BOJ and the Fed have presses and the will to use them.<br /><br />In fact, it's a form of competition, who can print more.<br /><br />MMT for the (mumble mumble)<br /><br />Troynoreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-42585985451633657962014-02-14T14:24:49.752-08:002014-02-14T14:24:49.752-08:00I suspect that later this decade the PTB are going...I suspect that later this decade the PTB are going to go full Money Drop on the economy.<br /><br />Probably in the form of tax cuts, cutting the tax burden 20% across the board again, and let the deficit do what it will.<br /><br />Yes, having lived in Japan in the 1990s, I've seen this movie before.<br /><br /><a href="http://research.stlouisfed.org/fred2/graph/?g=s7P" rel="nofollow">http://research.stlouisfed.org/fred2/graph/?g=s7P</a><br /><br />blue is GDP<br />red is debt held by the public (less Fed).<br /><br />Gross debt includes the SSTF etc, but we'll just print to pay that too.<br /><br />Hmm. "Print to Pay", I should trademark that.<br /><br />The bottom line is that The System needs a larger nominal economy by 2030, and 1980s style (a bit of teeth) inflation would do a lot of people a lot good.<br /><br /><a href="http://research.stlouisfed.org/fred2/series/GGGDTAJPA188N" rel="nofollow">http://research.stlouisfed.org/fred2/series/GGGDTAJPA188N</a><br /><br />Japan's Debt-to-GDP arc.Troynoreply@blogger.com