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View Diary: Reply to Reinhart and Rogoff’s NYT Response to Critics (38 comments)

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  •  Bad example (1+ / 0-)
    Recommended by:
    ek hornbeck

    It refers to real wealth, not nominal financial resources. That's why you had to save for the 7 lean years.

    The nominal. financial resources of the US are unlimited because it is a fiat sovereign nation issuing its own currency it the amounts it chooses. So, it never has to save to get money. It can just make it. See here.

    I've told you this before, but you still make the point. Why? Do you believe the US Government is limited in its legal ability to create money? If so, why?

    •  I've never communicated with you before, dude (0+ / 0-)

      and I have zero interest in making your acquaintance now.

      My comment was addressed to gJohnsit, i.e., '[Reply to This]'.

      Why do you persist in insisting people persist in things they aren't actually persisting in?

      Too late for the simple life, too early for android love slaves - Savio

      by Clem Yeobright on Sat Apr 27, 2013 at 10:57:57 AM PDT

      [ Parent ]

      •  He is the diarist. (0+ / 0-)

        I have an intense interest in everything that occurs in mine.

        You?

        •  Responding to ... (0+ / 0-)
          I've told you this before, but you still make the point. Why?
          I've seen lots of people go nuts in defending their theses, but they can't expect to be enabled in their idiocy.

          Friends don't let friends go over the edge.

          Too late for the simple life, too early for android love slaves - Savio

          by Clem Yeobright on Sat Apr 27, 2013 at 12:06:16 PM PDT

          [ Parent ]

          •  I think he is talking about dK in general... (0+ / 0-)

            which has been at best marginally receptive.

            I remember when not so long ago people thought they could hide rate him into submission.

            So a little paranoia is justifiable.

            And it's a whole different world when you're managing the same piece across 4 or 5 sites, it's very easy to lose track.

            And you ignore his main point-

            Do you believe the US Government is limited in its legal ability to create money? If so, why?
            Do you?
          •  Tired of avoiding (0+ / 0-)

            the issue yet, Clem? Do you believe the US Government is limited in its legal ability to create money? If so, why?

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