https://twitter.com/sahilkapur/status/1348031632666718210

  • comi [he/him]
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    4 years ago

    I mean expansion of programs like 2k checks for people or debt relief. Helicopter money is a Bernanke term, when he proposed something similar in obama years, throw money from helicopter to people.

    Re: austerity - its politically unfeasible right now, to implode stock market as you start your term, but who knows, maybe they are that ideological

    • read_freire [they/them]
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      4 years ago

      Gotcha. Yeah I'll be shocked if they do that.

      I replied to your comment in the first place to make the point that they can do austerity w/o imploding markets here (as opposed to like Greece & Spain in 08), because the capital interests pressuring for austerity are domestic instead of colonial.

      • comi [he/him]
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        4 years ago

        Oh yeah, they can cut or privatize pension system simultaneously, but that’s even more fuel for stock market. Who knows I’m just a cranky guy looking sometimes at Kondratiev waves lel, which should hit around 2022-2030. But outside of hyperinflation and dollar collapse, business implosion through debt (which they seem to avoid by printer) or war I don’t see a reason for it, so I’m kinda wondering what will happen. Edit: There is also deflationary spiral danger despite money printing, if the economy reaches saturation (a la japan), but that seems even more unlikely, considering usa position.