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My uninformed opinion is that Japan style quantitative easing broke the economy in ways that will be difficult to understand. It created a giant pool of liquidity that now searches for a place to go, inflating serial bubbles that at some point will need to be decoupled from the debt that enabled it.
I know that sounds crazy, but if we keep inflating for political reasons, it will just make the correction to fundamentals that much more painful.
I would like to see historical correlation of this chart with the Fed’s zero interest rate policy and quantitative easing after 2008 global financial meltdown. Wealth inequality has worsened as a result of our central bank’s heavy intervention in credit markets. pic.twitter.com/vBxlis6sRa
— Judy Shelton (@judyshel) February 12, 2023
[quote quote=6864]I was all in until you got to “subsidizing”. I don’t believe people will stop having children without a subsidy. 🙂[/quote]
This is an interesting aspect of the debate. Part of the reason couples aren’t having children is the perceived economic cost. But people do respond to incentives. The Scandinavian countries have turned to subsidies to try to bring their birth rate up. China will start soon. At this point, a low birth rate is such a negative externality that I believe it should be subsidized through tax policy (not direct subsidy because that just increases inflation).
*singing* I believe that children are our future. Teach them well and let them lead the way….
All that aside, the only way a culture or nation survives is by having and raising children. There are many countries that are having a fertility crisis. Japan may cease to exist in a few generations, for example.
Study after study have shown that having children increases civil engagement and raises the happiness levels of people. Also, study after study have shown that depriving people of the ability / means of having children has extremely bad effects on mental health. Maybe it’s basic biology, but from a policy perspective, society should absolutely be subsidizing and encouraging people to have kids.
CBS Poll – Are Biden’s policies…
Making your own family's finances better or worse?
Better – 18%
Worse – 49%Making political division better or worse?
Better – 19%
Worse – 50%Making illegal immigration better or worse?
Better – 21%
Worse – 51%https://t.co/y1Og2QFF7a— InteractivePolls (@IAPolls2022) February 7, 2023
https://www.realclearpolitics.com/epolls/other/president-biden-job-approval-7320.html
The IBD poll has him at +2 approval! Going into his State of the Union where he will dunk all over everyone and finally take credit for the best economy ever.
No masks were required for kids from Ann Arbor at @GovWhitmer’s Inauguration Party a few days ago.
Sadly, masks are required when Ann Arbor Public School students go back to school today.
Appalling. https://t.co/P3rrLPrrBF
— Tori Sachs (@Tori_Sachs) January 9, 2023
On the Cardboard, there’s a post talking about how the trade shows the relative moral values of the US and Russia, and how Vicktor Bout is now a known quantity and therefore neutralized. All posted sincerely, with a sig line that begins “In 1938, Neville Chamberlain said there would be “Peace in our time.”
The talking points are pollyanna-ish nonsense. Foreign policy isn’t about the feelings of the parties. We knew what Bout was doing, but we couldn’t stop him until we lured him into a trap. There’s no indication that he won’t simply tap into his old networks and go from there. Maybe I’m wrong, and in the long run foreign policy success is determined by who has the purest motives, but I am cynical about the short term and long term effects of the weakest and dumbest foreign policy administration in my lifetime.
Back home in Russia, Viktor Bout has wasted no time in making clear his support for the invasion of Ukraine
He tells Maria Butina that Russia should have launched the "special military operation" earlier pic.twitter.com/ryqdrtgDGl
— Francis Scarr (@francis_scarr) December 10, 2022
It’s always good when an American comes home.
Today, we will celebrate the release of Brittney Griner.
However, HOW we negotiated this release makes Americans less safe🧵
— Morgan Ortagus (@MorganOrtagus) December 8, 2022
It’s a tracking poll, released today. I think people are just so used to this administration that they aren’t mad anymore.
https://www.realclearpolitics.com/epolls/latest_polls/
Rasmussen, hardly a Biden-friendly pollster, finds that he’s only one point underwater.
Would have loved to watch the media react to Trump freeing a Russian warlord.
— Brent Scher (@BrentScher) December 8, 2022
Good summary in this reply.
Jo Jo would have gone to all caps and Laurence Tribe would be posting some obscure US espionage code to have him impeached. Charlie Sykes and Joy Reid would be inconsolable. https://t.co/bBfZc1uVe0
— Stephen L. Miller (@redsteeze) December 8, 2022
