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Hmm, not exactly. I can, however, absolutely guarantee that if we do keep the printing press open for geopolitical projects of various kinds, there will be too

Hmm, not exactly. I can, however, absolutely guarantee that if we do keep the printing press open for geopolitical projects of various kinds, there will be too many dollars of no value in the future. It is a fate America might want to avoid. Because I assume you know full well that is is not actually 5b. The amount is much greater[1]. Now, we can talk about priorities, which is fair. If you were in charge, what aid is fair game for scrapping? Because US will not be able to support it forever. [1]https://www.cfr.org/article/how-much-aid-has-us-sent-ukraine-here-are-six-charts https://www.cfr.org/article/how-much-aid-has-us-sent-ukraine...

smallmancontrov 3y ago
> not exactly So you're advocating for fiscal irresponsibility while complaining about it at the same time. How very typical. > too many dollars of no value in the future Oh no, not a currency devaluation! You know that not only do many countries intentionally seek to devalue their currency, but there are regular fights in the UN about it. "(Other country) promised to not devalue their currency but did it anyway and now I am upset" is probably one of the top 3 recurring mini-dramas. These generally launch into political grandstanding without covering the macroeconomic basics of why a country might want to devalue their currency because it is such a common occurrence that everyone present is expected to know, and they generally do know, as do I. The way that you bring it up as if it is an unspeakable horror makes me suspect you do not. You might want to fix that. It's possible that you actually do occupy the parts of the American economy that would be hurt by a currency devaluation, in which case fine, everyone is entitled to their own self-serving opinions, just don't expect me to share them. However, I don't think that's the case -- those parts of the economy generally understand the macro 101 at play. It's a pet peeve of mine when someone who works in an economic sector that would benefit from a currency devaluation recoils from the prospect in horror because all they understand is what they heard on TV and the general principle of "line go down, bad." In any case, my point is: don't threaten me with a good time. There are negative consequences for fiscal irresponsibility, but that's not the one that keeps me up at night.
- A4ET8a8uTh0 3y ago
  << So you're advocating for fiscal irresponsibility while complaining about it at the same time. Hmm, no. I am advocating for acting in US interest. I am not sure US in currently in a position to throw money around on feel good projects around the world. << How very typical. No need to make a snide remark. << You know that not only do many countries intentionally seek to devalue their currency, but there are regular fights in the UN about it. Sure, when it is to their direct strategic ( and not tactical ) advantage? Pray tell me what advantage would US gain here? Oh wait, is that your argument and the US masterplan ( the reference to: "(Other country) promised to not devalue their currency but did it anyway and now I am upset")? To make the dollar so worthless that the debt it owes is worth even less? Do you think US can survive that? << don't threaten me with a good time. Will that be a good time? << that's not the one that keeps me up at night. What does then? I am not going to lie. You got me curious.

smallmancontrov 3y ago

> not exactly So you're advocating for fiscal irresponsibility while complaining about it at the same time. How very typical. > too many dollars of no value in the future Oh no, not a currency devaluation! You know that not only do many countries intentionally seek to devalue their currency, but there are regular fights in the UN about it. "(Other country) promised to not devalue their currency but did it anyway and now I am upset" is probably one of the top 3 recurring mini-dramas. These generally launch into political grandstanding without covering the macroeconomic basics of why a country might want to devalue their currency because it is such a common occurrence that everyone present is expected to know, and they generally do know, as do I. The way that you bring it up as if it is an unspeakable horror makes me suspect you do not. You might want to fix that. It's possible that you actually do occupy the parts of the American economy that would be hurt by a currency devaluation, in which case fine, everyone is entitled to their own self-serving opinions, just don't expect me to share them. However, I don't think that's the case -- those parts of the economy generally understand the macro 101 at play. It's a pet peeve of mine when someone who works in an economic sector that would benefit from a currency devaluation recoils from the prospect in horror because all they understand is what they heard on TV and the general principle of "line go down, bad." In any case, my point is: don't threaten me with a good time. There are negative consequences for fiscal irresponsibility, but that's not the one that keeps me up at night.

A4ET8a8uTh0 3y ago
<< So you're advocating for fiscal irresponsibility while complaining about it at the same time. Hmm, no. I am advocating for acting in US interest. I am not sure US in currently in a position to throw money around on feel good projects around the world. << How very typical. No need to make a snide remark. << You know that not only do many countries intentionally seek to devalue their currency, but there are regular fights in the UN about it. Sure, when it is to their direct strategic ( and not tactical ) advantage? Pray tell me what advantage would US gain here? Oh wait, is that your argument and the US masterplan ( the reference to: "(Other country) promised to not devalue their currency but did it anyway and now I am upset")? To make the dollar so worthless that the debt it owes is worth even less? Do you think US can survive that? << don't threaten me with a good time. Will that be a good time? << that's not the one that keeps me up at night. What does then? I am not going to lie. You got me curious.