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The problem with that is that owners are also short on cash so when the government doesn't allow evictions, they will also need to disallow the inevitable defau

The problem with that is that owners are also short on cash so when the government doesn't allow evictions, they will also need to disallow the inevitable defaults on mortgages. This will, of course, eventually be paid for by the US government. That money isn't free and will continue our entrenchment in stagflation.

adamsea 6y ago
Which is worse, stagflation or death?
- psychlops 6y ago
  False dichotomies?
  - adamsea 6y ago
    Hard to tell these days w/coronavirus and the lack of a competent, coordinated Federal response in the U.S.
cableshaft 6y ago
You are right. But for the people in charge, it's probably in their selfish interests to kick the can down the road (like they always did in the past for just about everything else) for future politicians and hopefully a stronger economy to deal with. It's a little baffling they're fighting so hard against it now, especially in an election year. You can certainly not give any money out to anyone, and watch as society crumbles, the government overthrown, and a new government put in place. Have fun with that. Might be where we are headed anyway, they just delayed it a couple of months with the one time stimulus check. I think it still might not happen, but that's mainly because Americans have gotten so soft from inertia and just enough kitchen scraps given to the working class over the years that it'll take a lot to get us to that point. But then again we did just have one of the largest demonstrations of civil unrest in the country in about 50 years, so who knows.
- psychlops 6y ago
  Indeed, we may see century bonds soon. It's popular to laden future generations with the current generations debts. Mostly because they can't vote against it since they aren't born yet. I've made the ironic argument before that Americans suffer from too much stability. Since the economy and currency has been so stable for so long, many haven't bothered to develop good financial habits.

adamsea 6y ago

Which is worse, stagflation or death?

psychlops 6y ago
False dichotomies?
- adamsea 6y ago
  Hard to tell these days w/coronavirus and the lack of a competent, coordinated Federal response in the U.S.

cableshaft 6y ago

You are right. But for the people in charge, it's probably in their selfish interests to kick the can down the road (like they always did in the past for just about everything else) for future politicians and hopefully a stronger economy to deal with. It's a little baffling they're fighting so hard against it now, especially in an election year. You can certainly not give any money out to anyone, and watch as society crumbles, the government overthrown, and a new government put in place. Have fun with that. Might be where we are headed anyway, they just delayed it a couple of months with the one time stimulus check. I think it still might not happen, but that's mainly because Americans have gotten so soft from inertia and just enough kitchen scraps given to the working class over the years that it'll take a lot to get us to that point. But then again we did just have one of the largest demonstrations of civil unrest in the country in about 50 years, so who knows.

psychlops 6y ago
Indeed, we may see century bonds soon. It's popular to laden future generations with the current generations debts. Mostly because they can't vote against it since they aren't born yet. I've made the ironic argument before that Americans suffer from too much stability. Since the economy and currency has been so stable for so long, many haven't bothered to develop good financial habits.