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I think we can safely put supply side economics to bed. Reopened businesses have no business.

I can't believe no one in the Media has highlighted how incredibly discriminatory the 'early opening' movement is.

Isn't anybody going to stand up on behalf of stupid people in this country??!?
 
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Last night I had a weird feeling, like there's something that I'm forgetting or like an intuition that something really bad was going to happen. I woke up this morning and as stupid as it sounds, the first thought that came into my mind was "aggregate demand".

So we're printing money with the idea that people are going to use that money to buy stuff, but there's no demand for anything so that money is just going to go to either savings or paying down consumer debt. Both sound great but they are the 2 things that perpetuate the failure of supply side economics. All we are doing in this approach is transferring private debt to public debt. When inflation starts to set in after a couple of years and they raise interest rates, our debt service as a country is going to skyrocket.
 
There is a dungeon poll and like 60% of the dungeon is staying put even with the reopenings going on. Even if that is true for the general populous, I can’t imagine businesses will be thriving on 40% of normal business. I’m sure there will be an initial bump from people who have been pent up for 2 months, but long term these businesses will struggle unless we get the cases way down and have adequate testing or a vaccine. Some people will risk getting the virus to sit in a Denny’s, but most wont.
 
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hemightbejeremy said:
There is a dungeon poll and like 60% of the dungeon is staying put even with the reopenings going on. Even if that is true for the general populous, I can’t imagine businesses will be thriving on 40% of normal business. I’m sure there will be an initial bump from people who have been pent up for 2 months, but long term these businesses will struggle unless we get the cases way down and have adequate testing or a vaccine. Some people will risk getting the virus to sit in a Denny’s, but most wont.
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Yep. There is no keynesian or neo-keynesian approach to addressing the service sector. We are down to bailouts.
 
hemightbejeremy said:
There is a dungeon poll and like 60% of the dungeon is staying put even with the reopenings going on. Even if that is true for the general populous, I can’t imagine businesses will be thriving on 40% of normal business. I’m sure there will be an initial bump from people who have been pent up for 2 months, but long term these businesses will struggle unless we get the cases way down and have adequate testing or a vaccine. Some people will risk getting the virus to sit in a Denny’s, but most wont.
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It’s 56.8 to 43.2. 43.2% is enough when before it was 0.0000000000000%.
 
Crazyhole said:
Lol, I dont think that ever happened to Mises, let alone a bunch of football fanatics.
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Not everyone has the unique, thought-provoking 'wake-up from a dream' kind of thoughts the two of us have, Crazy.

I woke up today and my first thought was Scarlett Johansson naked in bed with me discussing the relative merits of the Solow growth model.
 
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DaShuckster said:
Not everyone has the unique, thought-provoking 'wake-up from a dream' kind of thoughts the two of us have, Crazy.

I woke up today and my first thought was Scarlett Johansson naked in bed with me discussing the relative merits of the Solow growth model.
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Well played.
 
Just when I thought a more stupid comment about supply side economics could not be stated on this board by the braindead socialists, we get this entry from said braindead socialist.

The stupidity bar has been raised.
 
hemightbejeremy said:
There is a dungeon poll and like 60% of the dungeon is staying put even with the reopenings going on. Even if that is true for the general populous, I can’t imagine businesses will be thriving on 40% of normal business. I’m sure there will be an initial bump from people who have been pent up for 2 months, but long term these businesses will struggle unless we get the cases way down and have adequate testing or a vaccine. Some people will risk getting the virus to sit in a Denny’s, but most wont.
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So are these 40% (possibly redhats) just going to go where the chances of catching the COVID is high? Large social gatherings, pumping gas without gloves, no social distancing?
 
fried-chicken said:
https://www.bisnow.com/atlanta/news...-landlords-that-cause-the-pressure-104166#ath


No demand = No business

If politicians want the country reopened they need to address the virus, which they are not doing. RIP small businesses who have been failed by our government's delayed response and refusal to face the obvious looming issue in Jan and Feb.
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The issue that CDC people were saying was no real threat in jan and feb. Heck in Jan China was saying it couldn't be transferred person to person. I love how you guys rewrite history to fit your narrative at the moment.

Trump was called racist and worse by your fellow liberal dems for stopping air flights from china on Jan31, 10 days after the first positive case in the US. Meanwhile in Feb Pelosi was saying go visit china Town, and Cuomo was saying NY could handle it ok.​
 
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goodknightfl said:
I love how you guys rewrite history to fit your narrative at the moment.
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Yeah, it's disgusting how all those 'lefty' scientists have been trying to 'pull one over' on the ignorant public. :rolleyes:

Another possibility is that COVID-19 was a brand-new virus that health officials around the world had zero experience with.
 
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UCFKnight85 said:
Just when I thought a more stupid comment about supply side economics could not be stated on this board by the braindead socialists, we get this entry from said braindead socialist.

The stupidity bar has been raised.
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He's not entirely wrong. This isn't 1983, when our population was thriving and government could apply both supply side economics AND keynesian theory to Kickstart the economy with a manageable public debt to work around.

Who are you going to cut taxes on in the midst of a liquidity trap at 0% interest that is going to boost the economy?
 
Crazyhole said:
He's not entirely wrong. This isn't 1983, when our population was thriving and government could apply both supply side economics AND keynesian theory to Kickstart the economy with a manageable public debt to work around.

Who are you going to cut taxes on in the midst of a liquidity trap at 0% interest that is going to boost the economy?
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I know, I know, I know, pick me, pick me.

We should cut taxes on the rich since we raised them back to normal levels when the economy was thriving....

Oh, we lowered taxes while the economy was thriving?

Because we got greedy?

We never raised the interest rate back up?

I think I started a thread about this once upon a time, how we wouldn't have the bullets in the gun for the next crisis because we never bothered reloading...
 
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The only thing we can do is UBI. Any one time use money that businesses and consumers get will be put in savings or pay down debt. Give them regular cash for a sustained period of time and they will spend it.
 
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fried-chicken said:
The only thing we can do is UBI. Any one time use money that businesses and consumers get will be put in savings or pay down debt. Give them regular cash for a sustained period of time and they will spend it.
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You just went full retarded.
 
fried-chicken said:
I know, I know, I know, pick me, pick me.

We should cut taxes on the rich since we raised them back to normal levels when the economy was thriving....

Oh, we lowered taxes while the economy was thriving?

Because we got greedy?

We never raised the interest rate back up?

I think I started a thread about this once upon a time, how we wouldn't have the bullets in the gun for the next crisis because we never bothered reloading...
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Tax rates stopped being meaningful in 2001 after qe1. Even milton friedman was warning that the Bush tax cuts wouldn't do any good. Thats not to say I think we need higher taxes, its just that either way its ineffective.
 
Crazyhole said:
You just went full retarded.
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It's the only way. You'll see soon. When you need to resort to printing money it's best to put it in the hands of the lowest level earners and let them buy and stimulate.

Companies above the individual level have income to compete for and if you're already borrowing enough cash to give each American $18,000 but you're giving it all to businesses who don't have demand, you might as well give it to consumers to create demand.
 
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When the virus is gone UBI and inflation will be our only tool to rebuild. The issue is demand, there's no better way to build demand then having each American have excess cash each month. Better yet, make it a gift card that expires in 60 days. Get that money spent. Give employers a reason to hire and ramp up production. That's the kick start that we will need.
 
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fried-chicken said:
When the virus is gone UBI and inflation will be our only tool to rebuild. The issue is demand, there's no better way to build demand then having each American have excess cash each month. Better yet, make it a gift card that expires in 60 days. Get that money spent. Give employers a reason to hire and ramp up production. That's the kick start that we will need.
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Ubi and inflation is a tool to rebuild? You might want to sit the next few innings out bud.
 
fried-chicken said:
It's not a tool. It's our only option left. Every other option is just letting it burn.
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Yeah, like we should have done 4 times in the last 40 years. It can't be stopped and we really can't delay it much longer unless you want to make Argentina look like child's play. UBI might work for 3 or 4 years tops but that makes the next 30 a total crapfest.
 
KNIGHTTIME^ said:
Who ever thought we would have rebounded fairly quickly after the 9-11 attacks, wars, etc? The housing bust in 2008.

Not everyone will live in fear forever.
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This is so much worse than either of those 2 you have no idea.
 
So.., Trump was the only one who wanted to close the borders to China way back in January and the predicted deaths were 1-2.4 million, what would happen with another president who most likely wouldn’t have closed the borders so soon even if everything else was done PERFECTLY?
 
KNIGHTTIME^ said:
I guess when you completely shutdown stuff it's bad, but many like gyms, daycare, etc will be back kicking.
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Meanwhile: energy, agriculture, banking, travel, housing, and Healthcare are all completely fvcked. The service sector might get back to 70% by the end of the year but its doubtful.
 
Ucfmikes said:
what would happen with another president who most likely wouldn’t have closed the borders so soon ...?
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What border closing?

First of all, Trump acted after most of the American airlines had already stopped service to China. Second, his China ban didn't prohibit Americans who were in China from returning home (clearly, they wouldn't be infected, right?), Third, Trump acts like China was the only country with COVID-19-infected people. There were already outbreaks at the time in South Korea and Europe but world flights continued into this country--and it is widely believed the New York pandemic had its origins from Europe.
 
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DaShuckster said:
What border closing?

First of all, Trump acted after most of the American airlines had already stopped service to China. Second, his China ban didn't prohibit Americans who were in China from returning home (clearly, they wouldn't be infected, right?), Third, Trump acts like China was the only country with COVID-19-infected people. There were already outbreaks at the time in South Korea and Europe but world flights continued into this country--and it is widely believed the New York pandemic had its origins from Europe.
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So when and for how long should we have completely closed the borders, and how do you suggest achieving that with Mexico?
 
Latest projections are 52% of small businesses will close permanently in the next 6 months.
 
Ucfmikes said:
Are you freaking retarded or just plain fukcing uneducated? You just lost all the credibility that YOU NEVER HAD. [roll]
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How do you not see that using a gas pump is even more vulnerable than shaking hands?? 1000s of people use that pump. They use it with coughed on hands, hands that are sneezed upon, and hands that contain the virus. I realize what type of idiots I am dealing with here!! Holy Schnizzle!
 
Knight_Classes_begin_7pm said:
How do you not see that using a gas pump is even more vulnerable than shaking hands?? 1000s of people use that pump. They use it with coughed on hands, hands that are sneezed upon, and hands that contain the virus. I realize what type of idiots I am dealing with here!! Holy Schnizzle!
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I think that you are mentally retarded. Gloves are an extension of your hands. This virus isn’t absorbed through your skin asshole. If you touch your hands to your face, it doesn’t make a difference if you have gloves on or not

DUH!!!!!!!!! [roll]

Just stop posting. You’re embarrassing yourself. You have the mentality of a 7 year-old
 
DaShuckster said:
LOL....The 'potential infection zone' is where you grab the gas pump handle, "fruit cup"!!!!

Do dog owners touch dog sh*t picking up after their pets???!?
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You’re just a dumb as Knights_noclasses

Use a tissue, napkin, or paper towel and grab the pump and drop it in the garbage. Don’t touch the paper towel at all with your other. I’ve seen people touch the glove all over the place doing other things and then trying to take it off.

Geez though, how far are you going to take this? Stay home and figure out another way to get gas
 
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