Re: The Green New Deal
Posted: Tue Feb 12, 2019 2:58 pm
GND is Green New Deal
Permanent Portfolio Forum
https://www.gyroscopicinvesting.com/forum/
https://www.gyroscopicinvesting.com/forum/viewtopic.php?f=9&t=9841
Took me a while, too. I spend more time trying to figure out abbreviations than reading posts, sometimes. And this one is the title of the thread!
I'm assuming that every one of these proposals will eventually be enacted in one form or another and it's only a matter of time. Do you have any evidence of failed socialist proposals to refute my belief? I don't mean that they don't work but that they eventually win their day in the sun, regardless of the harm they do.Libertarian666 wrote: ↑Fri Feb 08, 2019 6:09 pmFortunately there is no chance these insane proposals will be enacted.
I should have said that they won't be enacted any time soon.jacksonM wrote: ↑Fri Feb 15, 2019 4:29 pmI'm assuming that every one of these proposals will eventually be enacted in one form or another and it's only a matter of time. Do you have any evidence of failed socialist proposals to refute my belief? I don't mean that they don't work but that they eventually win their day in the sun, regardless of the harm they do.Libertarian666 wrote: ↑Fri Feb 08, 2019 6:09 pmFortunately there is no chance these insane proposals will be enacted.
Whew, for a minute there I was afraid you were serious!jacksonM wrote: ↑Wed Feb 27, 2019 3:06 pmI'm sure that most of the Dems supporting the GND (are there any who aren't) are doing so because they have studied the science themselves and reasonably concluded that it truly is, as they say, an "existential crisis". AOC, being probably the most recent college graduate among them, was surely well-schooled on this subject the same as she was in economics.
Sarcasm intended.
From WikipediaKriegsspiel wrote: ↑Wed Feb 27, 2019 4:26 pmI believe she was an international studies major with an economics track (a couple classes), not an economics major. Unverified.
I'm assuming that she was the author of most of this Wikipedia entry.Ocasio-Cortez attended Yorktown High School, graduating in 2007.[20] She came second in the Microbiology category of the Intel International Science and Engineering Fair with a microbiology research project on the effect of antioxidants on the lifespan of the nematode C. elegans.[21] In a show of appreciation for her efforts, the International Astronomical Union named a small asteroid after her: 23238 Ocasio-Cortez.[22][23] In high school, she took part in the National Hispanic Institute's Lorenzo de Zavala (LDZ) Youth Legislative Session. She later became the LDZ Secretary of State while she attended Boston University. Ocasio-Cortez had a John F. Lopez Fellowship.[24] In 2008, while Ocasio-Cortez was a sophomore at Boston University, her father died of lung cancer.[25][26] During college, she served as an intern in the immigration office during the final year of U.S. Senator Ted Kennedy's tenure.[27] "I was the only Spanish speaker, and as a result, as basically a kid—a 19-, 20-year-old kid—whenever a frantic call would come into the office because someone is looking for their husband because they have been snatched off the street by ICE, I was the one that had to pick up that phone," Ocasio-Cortez said. "I was the one that had to help that person navigate that system."[27]
She graduated cum laude from Boston University's College of Arts and Sciences in 2011, majoring in international relations and economics.[24][28][29]
Although I don't doubt she's a hard & ambitious worker, I detect a hint of "Member of Most Favored Minority" advantages in here. Did the other Intel ISEF winners get asteroids named after them? And I'm afraid I find it hard to believe that she was the only Spanish speaker in Ted Kennedy's immigration office.Ocasio-Cortez attended Yorktown High School, graduating in 2007.[20] She came second in the Microbiology category of the Intel International Science and Engineering Fair with a microbiology research project on the effect of antioxidants on the lifespan of the nematode C. elegans.[21] In a show of appreciation for her efforts, the International Astronomical Union named a small asteroid after her: 23238 Ocasio-Cortez.[22][23] In high school, she took part in the National Hispanic Institute's Lorenzo de Zavala (LDZ) Youth Legislative Session. She later became the LDZ Secretary of State while she attended Boston University. Ocasio-Cortez had a John F. Lopez Fellowship.[24] In 2008, while Ocasio-Cortez was a sophomore at Boston University, her father died of lung cancer.[25][26] During college, she served as an intern in the immigration office during the final year of U.S. Senator Ted Kennedy's tenure.[27] "I was the only Spanish speaker, and as a result, as basically a kid—a 19-, 20-year-old kid—whenever a frantic call would come into the office because someone is looking for their husband because they have been snatched off the street by ICE, I was the one that had to pick up that phone," Ocasio-Cortez said. "I was the one that had to help that person navigate that system."[27]
You must be new around here.WiseOne wrote: ↑Thu Feb 28, 2019 7:10 am
From Wikipedia
Although I don't doubt she's a hard & ambitious worker, I detect a hint of "Member of Most Favored Minority" advantages in here. Did the other Intel ISEF winners get asteroids named after them? And I'm afraid I find it hard to believe that she was the only Spanish speaker in Ted Kennedy's immigration office.Ocasio-Cortez attended Yorktown High School, graduating in 2007.[20] She came second in the Microbiology category of the Intel International Science and Engineering Fair with a microbiology research project on the effect of antioxidants on the lifespan of the nematode C. elegans.[21] In a show of appreciation for her efforts, the International Astronomical Union named a small asteroid after her: 23238 Ocasio-Cortez.[22][23] In high school, she took part in the National Hispanic Institute's Lorenzo de Zavala (LDZ) Youth Legislative Session. She later became the LDZ Secretary of State while she attended Boston University. Ocasio-Cortez had a John F. Lopez Fellowship.[24] In 2008, while Ocasio-Cortez was a sophomore at Boston University, her father died of lung cancer.[25][26] During college, she served as an intern in the immigration office during the final year of U.S. Senator Ted Kennedy's tenure.[27] "I was the only Spanish speaker, and as a result, as basically a kid—a 19-, 20-year-old kid—whenever a frantic call would come into the office because someone is looking for their husband because they have been snatched off the street by ICE, I was the one that had to pick up that phone," Ocasio-Cortez said. "I was the one that had to help that person navigate that system."[27]
Hopefully, people will eventually realize that there's little substance behind all the blather.
pmward wrote: ↑Thu Feb 28, 2019 12:24 pmApparently Powell bashed MMT to both the House and Senate the last few days. Of course, AOC was not present for this: https://finance.yahoo.com/news/fed-powe ... 29640.html
Yeah, seems like something that Congress would be into, but the Fed would not.At the center of MMT: the idea that tax policy would be more effective at controlling inflation. Instead of asking the Fed to stabilize prices through tools like interest rates, MMT suggests that when prices get too high, Congress can just raise taxes. If prices dip too low, Congress can cut taxes.
I'm sure there are people who have been out of the market since 1987 and 2000 and 2008 thinking it can't keep on going up, there is too much debt, unsustainable.
I agree that we don't know where the bounds are. That's also no reason to intentionally test them, haha. That's really what they are proposing, is printing money and binging on debt to do whatever they want. Guaranteeing jobs for everyone, having a "new green deal", paying for college and health care for all, etc all by simply printing money and binging on debt. Then increasing and decreasing taxes, not to pay the debt or generate revenue, but as a way to keep inflation in check. Interest rates would permanently be 0, so they would be substituting taxes for interest rates as the way to attempt to control the currency values.Cortopassi wrote: ↑Thu Feb 28, 2019 3:07 pmI'm sure there are people who have been out of the market since 1987 and 2000 and 2008 thinking it can't keep on going up, there is too much debt, unsustainable.
Every few years people seem to come to the conclusion that our debt is too big and the party is over. Yet it keeps on growing and we have yet to be called on it.
I certainly don't know a timeline or what the line is that can't be crossed. Only that many, many supposedly smart people have called for it a long time ago (or call for it perpetually) and it still hasn't happened.
And if you've been out of the market during that time (I was for a chunk before 2014) and highly into gold waiting for that time, you've pretty much been screwed.
PP is better.
"Aside from that, Mrs. Lincoln, how did you like the play?"Xan wrote: ↑Thu Feb 28, 2019 5:07 pmMMT has been discussed here in great detail many years ago. I believe it's a "fork" of MMT that is more interesting: Monetary Realism, or "MR".
MR is the factual parts of MMT without the opinions. That is, MR attempts to describe the system as it exists without the "therefore we should..." of MMT. MR does include all the MMT bits about how a country being in debt denominated in its own currency is not (BY ITSELF) a problem.
It may well represent other problems: government doing too much, being too big a part of our lives. But other than the inflation constraint, running a deficit doesn't actually have much of a downside.