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Originally Posted by EllenGtrGrl
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03-18-2022 03:54 PM
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Originally Posted by RJVB
So my understanding is that it is comparable to Playstation PS4 consoles. The company does not make much profit on the sale of each individual console, but they make big money on associated games, subscriptions and plans.
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Originally Posted by Doctor Jeff
F.Y.I. - La Crosse gets just as much snow as we do (well, maybe not all of the time, since they don't have to contend with lake effect snow [from Lake Michigan] like we do [and Buffalo, NY gets even more of than we do, courtesy of Lake Erie] ).
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Originally Posted by AlsoRan
But I really meant car companies. Here at least it's them who do the large majority of advertising in the (non-local) media. I cannot recall having seen or heard an ad that mentioned the actual price of a model, it's always "from XXX€/month" with the initial downpayment and the shown model's total/final price somewhere in the very fine print.
Originally Posted by EllenGtrGrl
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Inflation is too much demand chasing too few goods. There is also a big psychological element once it gets rolling. Dangerous stuff.
I think the money supply, while important to the discussion, is a global consideration when talking the US dollar. And things like how many 20 dollar bills are being printed is even less a good metric. The kind of thing politicians use to fool us. Not where I would start. I'm thinking our debt to GDP ratio is more interesting.
This is for 2020. Think it's a bit worse now. And yes. We are not well governed and it's not going to end well. At least Manchin shut some of the insanity down.
Source: United States Gross Federal Debt to GDP - 2021 Data - 2022 Forecast
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Originally Posted by Spook410
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Originally Posted by Spook410
BTW, our WW2 debt was this high if not higher, and we have never repaid it. We grew ourselves out of it.
That said, I’m not in favor of infinite deficit spending, but A) let’s be real, after decades of people crying The sky is falling, it hasn’t fallen. Deficit spending is not taken seriously by anyone, least of all “conservatives”. And B) the reason for the recent increase was to stave off a worldwide depression. Even Milton Friedman wrote in his PhD thesis (or first book, I forget which) that the depression was caused by too tight a money supply. In a demand crisis, you stimulate the economy.
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Originally Posted by Doctor Jeff
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Originally Posted by Doctor Jeff
I am not certain that we "grow" our way out of excess debt. Perhaps we "inflate" our way out of it? And speaking of growth, sometimes too much growth can be a bad thing. Cancer come to mind.
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Originally Posted by Stringswinger
Give me sustainable growth or let me be happy with what I have - more is most often less.
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Originally Posted by Stringswinger
Saw this today, also made crack up (pun intended)
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Originally Posted by RJVB
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Originally Posted by EllenGtrGrl
Wade's Guitar ShopWade's Guitar Shop
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Being able to service debt has a lot to do with GDP.
How much debt is too much? Lots of factors. You find out when it blows up in your face. Ours was too much to handle Covid. Ukraine will make it worse. You can blame supply chain for cars and tech and new production will fix it over a relatively short time as long as the government keeps out of it. But.. what are you going to blame for the cost of a house? Interest rate vs inflation has a lot to do with it. That and the perception among smart people of what our currency is worth. As that perception seeps into the not-so-smart population we're going to see things get worse.
As for Paul Krugman, he is very far left and like Janet Yellen, is serving a political position. He is a promoter of modern monetary theory.. hasn't worked out so well but the progressives still love the idea that you can just print money with impunity.
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Originally Posted by Woody Sound
I have rarely leased, but did recently for a couple of vehicles for various reasons. (Got bought out of one of them last year.) I have never put any money down. That and the lack of a big tax bill to be paid at the time of purchase are the important reasons for leasing.
Originally Posted by Stringswinger
Maybe the WW2 debt was a pyramid scheme, but I guess it "worked"?
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A friend is really into economics but I don't get a lot of it. Looking at the prices for my 2009 Forester it looks like prices are way up.
Cheaper to keep her.
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Originally Posted by Stevebol
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Originally Posted by Stevebol
Those who are schooled in economics will probably be able to explain this.
Tony
Transcriber wanted
Today, 04:35 PM in Improvisation