jsm on Nostr: This is the crème de la crème of 4chan schizo posting. Pull together multiple bad ...
This is the crème de la crème of 4chan schizo posting. Pull together multiple bad ideas in a way that almost makes sense if you squint to show that it’s all multi dimensional chess in a multiverse. There's just a few problems.
1. Bonds are fixed rate. You can't just refinance them like a mortgage and they're not callable so you can't buy them back early [0].
2. Deflation would indeed lower the nominal prices of goods but it would also gut borrowers (the US gov) [1]. This is paradoxical with paying off the debt.
3. American farmers already have paper thin margins, tariffs on our exports won't mean that farmers will lower prices and start operating as charities [2]. Tariffs also mean higher costs of any imported food.
4. Tanking the stock market does lower the value of the stock people own but it doesn't make poor people any richer. If you (a rich person) buys a share of a company (stock) and that company then is hit hard by tariffs the value of the company will go down (your stock will lose value) and the company may have layoffs so the employees lose to. A shrinking business doesn't benefit anyone.
5. The price of eggs has very little to do with either Trump or Biden's economic policies and much more to do with the recent avian flue outbreak that led to a culling of the hen population [3].
[0]: https://finance.yahoo.com/news/trumps-wacky-plan-for-the-federal-debt-181649828.html
[1]: https://www.forbes.com/advisor/investing/what-is-deflation/
[2]: https://ag.purdue.edu/commercialag/home/resource/2020/10/operating-profit-margin-benchmarks/
[3]: https://www.cdc.gov/bird-flu/situation-summary/data-map-commercial.html
1. Bonds are fixed rate. You can't just refinance them like a mortgage and they're not callable so you can't buy them back early [0].
2. Deflation would indeed lower the nominal prices of goods but it would also gut borrowers (the US gov) [1]. This is paradoxical with paying off the debt.
3. American farmers already have paper thin margins, tariffs on our exports won't mean that farmers will lower prices and start operating as charities [2]. Tariffs also mean higher costs of any imported food.
4. Tanking the stock market does lower the value of the stock people own but it doesn't make poor people any richer. If you (a rich person) buys a share of a company (stock) and that company then is hit hard by tariffs the value of the company will go down (your stock will lose value) and the company may have layoffs so the employees lose to. A shrinking business doesn't benefit anyone.
5. The price of eggs has very little to do with either Trump or Biden's economic policies and much more to do with the recent avian flue outbreak that led to a culling of the hen population [3].
[0]: https://finance.yahoo.com/news/trumps-wacky-plan-for-the-federal-debt-181649828.html
[1]: https://www.forbes.com/advisor/investing/what-is-deflation/
[2]: https://ag.purdue.edu/commercialag/home/resource/2020/10/operating-profit-margin-benchmarks/
[3]: https://www.cdc.gov/bird-flu/situation-summary/data-map-commercial.html
quoting nevent1q…96wc
