Modern Monetary Theory

Discussion in 'Markets & Economies' started by mmm....shiney!, Sep 14, 2019.

  1. leo25

    leo25 Well-Known Member Silver Stacker

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    lol i got nothing new to add. :) My views are very clear in this thread.
     
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  2. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    I try to rely on data that is collated by organisations that are independent and respected, the Legatum Institute I think being one. Prosperity is a complex idea which can be best explained in that it is a measure of how well the individuals in a country become wealthier (wealth being a measure of how many of our needs and desires are met). Remembering if you're going to carte-blanche dismiss surveys and graphs on the basis of there being potential motives or bias behind the groups producing them, then you're going to have to dismiss all sources of information on the grounds of bias.

    In other words you're left with no choice but to hold that the truth does not exist. Which is clearly wrong.

    In reality, to the casual observer there's not much difference between the levels of prosperity in any of the top 30 countries overall, with the differences (and hence the dissimilarities in rankings) coming down to the values assigned to the different pillars which are used to determine the country's ranking. The Legatum Index allows users to adjust the pillar weighting according to their own values.
     
  3. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    Solidly brief. :D
     
  4. leo25

    leo25 Well-Known Member Silver Stacker

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    Anywho welcome @Ronnington If you have some free time pour yourself a drink and have a good read through this threads. I've poured many drinks reading/writing here. ;)

    Highly recommend some of the videos posted early in the thread.
     
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  5. Ronnington

    Ronnington Member

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    Thanks Leo and Shiney :) while I may not agree with 100% you've posted, I have learned a fair bit from reading this thread today :cool:

    so cheers for that
     
  6. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    Yep japan is dead and I said that earlier. If your measuring prosperity by cities that "look nice" then yes, they are doing great.
    If you look at real world numbers and birth rates the hopelessness and depression is easy to see.
    You could say the government of japan prints alot for infrastructure to give the outside world the impression they are prosperous.

    America is right behind with a new type of trumpflation.
     
  7. leo25

    leo25 Well-Known Member Silver Stacker

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    What's birth rates got to do with the quality of living? Countries with the highest birth rates are generally the worst places to live. If you think otherwise feel free to go and live in India.

    And what are these other "real world" numbers you talk about?
     
    Last edited: Sep 2, 2020
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  8. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    He's just woken up this morning with an idea that he just had to get down on paper before it slipped his mind.
     
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  9. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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  10. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    I can post articles about how strong America is too. I see them everyday!

    I thought most stackers were keen to fake news and propaganda but you like to use it for sources. I dont get that haha.
     
  11. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    I guess japan is strong if america is. Basically the same doomed policies.
    Central banks propping up everything and buying all debt, interest rates kept artificially low because they know the people of japan have no chance of ever paying it back.

    It's a stagnate scenario that will never recover under current circumstances until the central banks cut off the life support and let it all crash and burn.

    Almost identical to Americas problems except a lower quality of life.
     
  12. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    Rational debaters counter with evidence. Windbags just keep pretending.

    The Japanese people are doing a fine job of reducing their personal debt, and paying back government debt is not their problem nor is it a problem.

    Source?
     
  13. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    Yep a dang fine job. Just like americans.
     
  14. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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  15. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    Cockwomble and windbag are really the one and the same.
     
  16. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    Using your usual liberal tactics of name calling.
    It worked back in 2nd grade maybe haha.

    I dont know why you feel so threatened or scared of being wrong.
    You get so offended that you need to throw personal slurs at people if they question anything you say.

    You might want to work on that.
     
    Last edited: Sep 10, 2020
  17. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    Then stop dragging the debate down to a 7 yo level.

    Screen Shot 2020-09-11 at 7.03.07 am.png
     
  18. Stoic Phoenix

    Stoic Phoenix Well-Known Member Silver Stacker

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    Worst leg to stand on ever.
    Heres latest top 30 countries by birthrate...none of them what you would call seats of economic strength or world power.
    @JohnnyBravo300 please come at this stance you have with some evidence to back any of your claims.

    birthrates.png
     
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  19. leo25

    leo25 Well-Known Member Silver Stacker

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    Interest rates are low because there is no longer a limited supply of money/credit. Therefore there is nothing to bid up the cost of money/credit, so the risk free cost/interest is more or less zero.

    It's like going to auction, people will bid up the price because there is a limited supply. But if the auction had an unlimited amount of that item, then the price will never go above its base cost no matter how much demand there is.
     
    Last edited: Sep 11, 2020
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  20. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    You just showed a graph showing 31 countries with the highest birth rates while we are talking about low birth rates. Good job man.
    Japan is at the opposite end if you care to look.
    I'm not going to sit here and do your google searches for you haha.
    Start at wikipedia with "Japanese Recession".
    You can read all about the "prosperity" theyve had the last 40 years.

     

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