@frestly.bsky.social
Greatest impact any person can have on another person's life is just to sit and listen.
"Courage is what it takes to stand up and Speak; courage is also what it takes to sit down and listen." - Winston Churchill
"Courage is what it takes to stand up and Speak; courage is also what it takes to sit down and listen." - Winston Churchill
January 22, 2025 at 4:59 AM
Greatest impact any person can have on another person's life is just to sit and listen.
"Courage is what it takes to stand up and Speak; courage is also what it takes to sit down and listen." - Winston Churchill
"Courage is what it takes to stand up and Speak; courage is also what it takes to sit down and listen." - Winston Churchill
Worked out well the first time.
January 22, 2025 at 2:02 AM
Worked out well the first time.
I don't go to war often. But when I do I drink bourbon.
a man with a beard in a suit is clapping his hands
ALT: a man with a beard in a suit is clapping his hands
media.tenor.com
January 16, 2025 at 1:50 AM
I don't go to war often. But when I do I drink bourbon.
When you figure out what you actually believe in, come back and chat again.
Nice chatting.
Nice chatting.
January 15, 2025 at 1:06 AM
When you figure out what you actually believe in, come back and chat again.
Nice chatting.
Nice chatting.
So Clinton and Congress raised tax rates above the prevailing rates that were present during the Reagan / Bush Sr. administrations (and also flatlined defense spending).
January 15, 2025 at 1:04 AM
So Clinton and Congress raised tax rates above the prevailing rates that were present during the Reagan / Bush Sr. administrations (and also flatlined defense spending).
Good, then you should know the answer to your own question.
January 15, 2025 at 1:02 AM
Good, then you should know the answer to your own question.
Sure it does. If the source of currency depreciation is too much money, then government sells equity that is expensive for them to sell, but cheap for you to buy.
Amount of currency in circulation falls, and amount of equity increases.
Same way that bond sales pull money out of circulation.
Amount of currency in circulation falls, and amount of equity increases.
Same way that bond sales pull money out of circulation.
January 15, 2025 at 1:02 AM
Sure it does. If the source of currency depreciation is too much money, then government sells equity that is expensive for them to sell, but cheap for you to buy.
Amount of currency in circulation falls, and amount of equity increases.
Same way that bond sales pull money out of circulation.
Amount of currency in circulation falls, and amount of equity increases.
Same way that bond sales pull money out of circulation.
Do you think you have a claim on government assets like the White House, Pentagon building, Jefferson memorial, when you buy a government bond?
Do you understand the legal distinction between debt and equity?
Do you understand the legal distinction between debt and equity?
January 15, 2025 at 1:00 AM
Do you think you have a claim on government assets like the White House, Pentagon building, Jefferson memorial, when you buy a government bond?
Do you understand the legal distinction between debt and equity?
Do you understand the legal distinction between debt and equity?
Here is the support for that statement. By 1990, interest payments on the federal debt were consuming a little over 50% of federal tax receipts. Graph courtesy of St. Louis Fed.
The federal government by law is not permitted to pay interest on bonds by selling new bonds (Ponzi finance).
The federal government by law is not permitted to pay interest on bonds by selling new bonds (Ponzi finance).
January 15, 2025 at 12:58 AM
Here is the support for that statement. By 1990, interest payments on the federal debt were consuming a little over 50% of federal tax receipts. Graph courtesy of St. Louis Fed.
The federal government by law is not permitted to pay interest on bonds by selling new bonds (Ponzi finance).
The federal government by law is not permitted to pay interest on bonds by selling new bonds (Ponzi finance).
I get what you are saying, but consider that a big reason that Clinton raised tax rates back in the 1990's was because of the debt service costs.
So if government is selling equity in lieu of debt, then there is one less reason for it to raise tax rates.
So if government is selling equity in lieu of debt, then there is one less reason for it to raise tax rates.
January 15, 2025 at 12:31 AM
I get what you are saying, but consider that a big reason that Clinton raised tax rates back in the 1990's was because of the debt service costs.
So if government is selling equity in lieu of debt, then there is one less reason for it to raise tax rates.
So if government is selling equity in lieu of debt, then there is one less reason for it to raise tax rates.
Which in turn makes equity better for government to use instead of debt in protecting it's currency.
January 15, 2025 at 12:07 AM
Which in turn makes equity better for government to use instead of debt in protecting it's currency.
If it's expensive for the government to sell equity, then it must be cheap for you or I to buy it - no?
So nobody will buy equity when the government is selling it cheap - is that what you are trying to convince yourself of?
So nobody will buy equity when the government is selling it cheap - is that what you are trying to convince yourself of?
January 15, 2025 at 12:06 AM
If it's expensive for the government to sell equity, then it must be cheap for you or I to buy it - no?
So nobody will buy equity when the government is selling it cheap - is that what you are trying to convince yourself of?
So nobody will buy equity when the government is selling it cheap - is that what you are trying to convince yourself of?
Buying equity shares in a company doesn't guarantee you a positive return.
Look, if you don't like equity investing, then just say so.
But don't pretend that nobody likes it.
Look, if you don't like equity investing, then just say so.
But don't pretend that nobody likes it.
January 15, 2025 at 12:02 AM
Buying equity shares in a company doesn't guarantee you a positive return.
Look, if you don't like equity investing, then just say so.
But don't pretend that nobody likes it.
Look, if you don't like equity investing, then just say so.
But don't pretend that nobody likes it.
Which makes equity even better than debt for the federal government because as you say:
"..it doesn’t want to devalue its currency."
"..it doesn’t want to devalue its currency."
January 15, 2025 at 12:01 AM
Which makes equity even better than debt for the federal government because as you say:
"..it doesn’t want to devalue its currency."
"..it doesn’t want to devalue its currency."
I've already said that purchasing the equity is completely by choice - buy the equity if you want, if you don't that's fine too.
It's you that can't decide if "nobody will buy them" or if there is some risk premium that will attract buyers.
It's you that can't decide if "nobody will buy them" or if there is some risk premium that will attract buyers.
January 14, 2025 at 9:21 PM
I've already said that purchasing the equity is completely by choice - buy the equity if you want, if you don't that's fine too.
It's you that can't decide if "nobody will buy them" or if there is some risk premium that will attract buyers.
It's you that can't decide if "nobody will buy them" or if there is some risk premium that will attract buyers.
Most people that I know like lower taxes on their earned income.
You prefer higher taxes on your earned income?
You prefer higher taxes on your earned income?
January 14, 2025 at 8:59 PM
Most people that I know like lower taxes on their earned income.
You prefer higher taxes on your earned income?
You prefer higher taxes on your earned income?
How many people buy corporate equities that might or might not pay off in the long term?
January 14, 2025 at 8:54 PM
How many people buy corporate equities that might or might not pay off in the long term?
But not for everyone.
It's you that is floating around the "nobody will buy them" BS even after admitting that there is a risk premium needed to get someone to buy them.
It's you that is floating around the "nobody will buy them" BS even after admitting that there is a risk premium needed to get someone to buy them.
January 14, 2025 at 8:53 PM
But not for everyone.
It's you that is floating around the "nobody will buy them" BS even after admitting that there is a risk premium needed to get someone to buy them.
It's you that is floating around the "nobody will buy them" BS even after admitting that there is a risk premium needed to get someone to buy them.
The same people that ask for a raise in pay while they are working.
January 14, 2025 at 8:51 PM
The same people that ask for a raise in pay while they are working.
First you say that equity buyers will demand a risk premium (and I agree).
Then you say that no one will buy the equity (no risk premium is large enough).
Make up your mind.
Then you say that no one will buy the equity (no risk premium is large enough).
Make up your mind.
January 14, 2025 at 11:53 AM
First you say that equity buyers will demand a risk premium (and I agree).
Then you say that no one will buy the equity (no risk premium is large enough).
Make up your mind.
Then you say that no one will buy the equity (no risk premium is large enough).
Make up your mind.
Right, and with a recession comes joblessness.
So if you are holding equity (and losing ROI), you have a pretty good incentive to go find a new job.
Can the same be said if you are holding bonds?
So if you are holding equity (and losing ROI), you have a pretty good incentive to go find a new job.
Can the same be said if you are holding bonds?
January 14, 2025 at 11:50 AM
Right, and with a recession comes joblessness.
So if you are holding equity (and losing ROI), you have a pretty good incentive to go find a new job.
Can the same be said if you are holding bonds?
So if you are holding equity (and losing ROI), you have a pretty good incentive to go find a new job.
Can the same be said if you are holding bonds?
Okay, I said similar, not exactly the same.
January 14, 2025 at 11:47 AM
Okay, I said similar, not exactly the same.
Again speaking for people you have never talked to.
January 14, 2025 at 11:46 AM
Again speaking for people you have never talked to.