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> Ironically, it seems to be more supported by the left (like the people downvoting you) Speak for yourself. > it enables big spending and debt No, low inter
by jjoonathan 5y ago
> Ironically, it seems to be more supported by the left (like the people downvoting you)
Speak for yourself.
> it enables big spending and debt
No, low interest rates are not what enables big government debt. The government can monetize its debt -- money printer, remember?
> , which can be progressive, while more than undoing itself with X-inflation + deadweight loss.
Well, if the losses trickle down as effectively as the last 40 years of gains, I think the bottom 90% of the pyramid should rather welcome those losses.
- lend000 5y agoThe parent describes "consistently low interest rates, quantitive [sic] easing and other central bank policies," so I'm not sure why you singled out low interest rates (which are a byproduct of the Fed actions that DO enable big government debt, and which certainly make it take longer before annual interest on government debt becomes unsustainable). > I think the bottom 90% of the pyramid should rather welcome those losses. Maybe my sentence wasn't clear, but X-inflation here refers to asset/property inflation as much as consumer inflation, none of which should be welcomed by those who don't have huge amounts of net worth tied up in appreciating assets.