Page 1 of 4 1 2 3 4 LastLast
Results 1 to 25 of 94

Thread: Monetary Policy

  1. #1
    Join Date
    Mar 2005
    Location
    Dystopia
    Posts
    17,591

    Monetary Policy

    What say yee

    Federal non federal reserve?
    Endless money printing?
    End of US dollar hegemony?
    SDR international currency?

    What is money?
    What is inflation?

    What is the measure of human labor?

    Keynes vs Mises. No holds barred naked wrestling match.

  2. #2
    Join Date
    Jun 2020
    Posts
    2,504
    Ahh, fuck. What have I done!

  3. #3
    Join Date
    Mar 2005
    Location
    Dystopia
    Posts
    17,591
    Quote Originally Posted by J. Barron DeJong View Post
    Ahh, fuck. What have I done!
    Heh. It’s been a good discussion with you in the student debt thread.
    But I figured it needs to be more open.

    I’m open to discussion. And willing to be persuaded.

    I’m second guessing my naked wrestling proposal however.

  4. #4
    Join Date
    Dec 2004
    Location
    Where the sheets have no stains
    Posts
    19,349
    This doesn't belong in PR. My opinion, that is all.
    I have been in this State for 30 years and I am willing to admit that I am part of the problem.

    "Happiest years of my life were earning < $8.00 and hour, collecting unemployment every spring and fall, no car, no debt and no responsibilities. 1984-1990 Park City UT"

  5. #5
    Join Date
    Jun 2020
    Posts
    2,504
    Quote Originally Posted by Bunion 2020 View Post
    This doesn't belong in PR. My opinion, that is all.
    You think poly-ass? Tech talk?

  6. #6
    Join Date
    Oct 2004
    Location
    50 miles E of Paradise
    Posts
    13,685
    OP should have a one-one class with “I got an A in Econ” Austin about this rather than clogging up the boards.

    Or just fucking search

  7. #7
    Join Date
    Dec 2004
    Location
    Where the sheets have no stains
    Posts
    19,349
    PA.
    I have been in this State for 30 years and I am willing to admit that I am part of the problem.

    "Happiest years of my life were earning < $8.00 and hour, collecting unemployment every spring and fall, no car, no debt and no responsibilities. 1984-1990 Park City UT"

  8. #8
    Join Date
    Jul 2016
    Location
    NY
    Posts
    2,411
    Yeah, itís PA. Monetary-fiscal-politics. Itís a straight line. Sorry

  9. #9
    Join Date
    Mar 2005
    Location
    Dystopia
    Posts
    17,591
    Quote Originally Posted by TBS View Post
    OP should have a one-one class with “I got an A in Econ” Austin about this rather than clogging up the boards.

    Or just fucking search
    I did search. Monetary had zero results.

    I guess a mod could make this polyass but honestly it has less to do about political assholes. Both parties lay claim to doing right, but they’re both wrong.

    Looking for honest discussion.

    And it’s hot as fuck august. How am I clogging the boards?

  10. #10
    Join Date
    Jun 2020
    Posts
    2,504
    Quote Originally Posted by Bunion 2020 View Post
    PA.
    Totally disagree there.

    I mean, sure, anything that involves the government can turn political, and kind of by definition anything involving a countryís currency is going to involve the government.

    But that said, monetary policy is largely a technical subject. I disagree with a lot of Greg Mankiwís policy choices since heís right leaning, but if you were to look at his text book itís mostly going to align with what someone left leaning, like Paul Krugman, has to say on the same topics.

  11. #11
    Join Date
    Mar 2005
    Location
    Dystopia
    Posts
    17,591
    Is Hayek off limits? Not Selma.
    The Nobel prize winner.

  12. #12
    Join Date
    Nov 2003
    Location
    Portland
    Posts
    16,849
    Quote Originally Posted by Bunion 2020 View Post
    PA.
    Yup. Move it.
    Damn shame, throwing away a perfectly good white boy like that

  13. #13
    Join Date
    Oct 2008
    Location
    Wenatchee
    Posts
    12,314
    Quote Originally Posted by Adolf Allerbush View Post
    Yup. Move it.
    Bullshit. Itís okay here.

  14. #14
    Join Date
    Mar 2005
    Location
    Dystopia
    Posts
    17,591
    Quote Originally Posted by Bunion 2020 View Post
    PA.
    Quote Originally Posted by Brownski View Post
    Yeah, itís PA. Monetary-fiscal-politics. Itís a straight line. Sorry
    Quote Originally Posted by Bunion 2020 View Post
    This doesn't belong in PR. My opinion, that is all.
    Quote Originally Posted by Adolf Allerbush View Post
    Yup. Move it.

    You weak wristed fuckstix are amusing.

    We have a multi page thread on giving student loan forgiveness at the stroke of a pen. Not polyass. No way. Even though itís highly political.

    I start a thread to discuss monetary theory outside of politics and now youíre all butthurt. Wtf.

    Money printer go brrrrrrrr

  15. #15
    Join Date
    Jul 2016
    Location
    NY
    Posts
    2,411
    Quote Originally Posted by Core Shot View Post
    You weak wristed fuckstix are amusing.

    We have a multi page thread on giving student loan forgiveness at the stroke of a pen. Not polyass. No way. Even though itís highly political.

    I start a thread to discuss monetary theory outside of politics and now youíre all butthurt. Wtf.

    Money printer go brrrrrrrr
    Not butthurt, just pointing it out. Have at it

  16. #16
    Join Date
    Mar 2005
    Location
    Dystopia
    Posts
    17,591
    Quote Originally Posted by Brownski View Post
    Not butthurt, just pointing it out. Have at it
    At some point anything can be political.

    It’s a ski forum. Somewhat.
    If we start discussing forest permits and water usage it gets political
    Should ski areas even exist? Jeremey Jones says you are killing the planet.

    But this is the PR. It’s not even the ski chatter forum.

  17. #17
    Join Date
    Jan 2008
    Location
    truckee
    Posts
    20,985
    I'm in favor of printing money. I tried using wampum but it's awkward. But mostly I use a credit card, which I suppose is printed.
    (I believe this is the first post in this thread that's not about which forum the thread belongs in. That's funny.)

  18. #18
    Join Date
    Oct 2009
    Location
    seatown
    Posts
    3,792
    money is a state of mind. it doesnít matter if we print it if we understand the impacts and itís favorable for the masses, all comes down to where it goes.

    my last boss was an economist and i had to come clean and tell him i donít believe in economics, people buy whatís produced for them and available.

  19. #19
    Join Date
    Jan 2008
    Location
    Big Sky/Moonlight Basin
    Posts
    12,846
    Milton Friedman caused a lot of damage to our society. Plus he was only 5í0Ē tall.

    And PolyAss JONG.
    "Zee damn fat skis are ruining zee piste !" -Oscar Schevlin

    "Hike up your skirt and grow a dick you fucking crybaby" -what Bunion said to Harry at the top of The Headwaters

  20. #20
    Join Date
    Mar 2005
    Location
    Dystopia
    Posts
    17,591
    Quote Originally Posted by Harry View Post
    Milton Friedman caused a lot of damage to our society. Plus he was only 5í0Ē tall.

    And PolyAss JONG.
    Heh. His son David taught a class in law and economics . Even though he was a physics professor, it was very informative and interesting. Smart family.

    Iím not sure why his height matters. Might as well fault him for being a Jew. But Ludvig von Mises was also a Jew.

    Maybe they are naked wrestling in the afterworld

    PS. Thx for the jong.

  21. #21
    Join Date
    Apr 2006
    Location
    SF & the Ho
    Posts
    7,158
    Quote Originally Posted by old goat View Post
    I'm in favor of printing money. I tried using wampum but it's awkward. But mostly I use a credit card, which I suppose is printed.
    (I believe this is the first post in this thread that's not about which forum the thread belongs in. That's funny.)
    Wampum was the real bitcoin

  22. #22
    Join Date
    Jan 2008
    Location
    truckee
    Posts
    20,985
    Quote Originally Posted by shroom View Post
    I don’t believe in economics, people buy what’s produced for them and available.
    That's economics.

  23. #23
    Join Date
    Jan 2008
    Location
    Big Sky/Moonlight Basin
    Posts
    12,846

    Monetary Policy

    I did not know his religion, nor do I care. But his theories, and the government policies based on them, directly led to the stagflation of the late 70s/early 80s.
    "Zee damn fat skis are ruining zee piste !" -Oscar Schevlin

    "Hike up your skirt and grow a dick you fucking crybaby" -what Bunion said to Harry at the top of The Headwaters

  24. #24
    Join Date
    Jun 2020
    Posts
    2,504
    Quote Originally Posted by Harry View Post
    I did not know his religion, nor do I care. But his theories, and the government policies based on them, directly led to the stagflation of the late 70s/early 80s.
    I thought it was Kensian thinking that led to stagflation, and the stagflation validated some of Friedman’s ideas, which I believe led to ‘New Keynesian’ theory.

    “Throughout the 1960s, Keynesians—and mainstream economists generally—had believed that the government faced a stable long-run trade-off between unemploymentand inflation—the so-called phillips curve. In this view the government could, by increasing the demand for goods and services, permanently reduce unemployment by accepting a higher inflation rate. But in the late 1960s, Friedman (and Columbia University’s Edmund Phelps) challenged this view. Friedman argued that once people adjusted to the higher inflation rate, unemployment would creep back up. To keep unemployment permanently lower, he said, would require not just a higher, but a permanently accelerating inflation rate (see Phillips curve).
    The stagflation of the 1970s—rising inflation combined with rising unemployment—gave strong evidence for the Friedman-Phelps view and swayed most economists, including many Keynesians. Again, Samuelson’s text is a barometer of the change in economists’ thinking. The 1967 edition indicates that policymakers faced a trade-off between inflation and unemployment. The 1980 edition says there was less of a trade-off in the long run than in the short run. The 1985 edition says there is no long-run trade-off.”

    https://www.econlib.org/library/Enc/bios/Friedman.html

  25. #25
    Join Date
    Jan 2008
    Location
    truckee
    Posts
    20,985
    Economists are good at explaining what happened, lousy at predicting it, and really lousy at influencing it.
    While politicians and central bankers setting policy based on one economic theory or another do make some difference in the outcome, by far the biggest influences on the economy are external events--the oil embargo, the pandemic, war.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •