• Quick Shot Challenge: What’s the most underrated gear you never leave home without?

    Contest ends Wednesday, join now for the chance to win free Hide merch!

    Join contest

Search results

Search the forum Search Articles
  1. D

    $300 Billion in student loan "forgiven".... how generous

    Your response sounds like you haven't read what I've said at all. If a bank makes a bad loan, the person goes bankrupt and either pays some of it or it is extinguished in bankruptcy. This is true in all commercial lending, whether it's for a shitty car or a giant corporation. There is no...
  2. D

    $300 Billion in student loan "forgiven".... how generous

    You misunderstood the prompt. It is well-publicized at this point that there has been actual fraud in the reporting of prospective incomes. The Education Department has already canceled the debt of millions of students who were actually defrauded. Whether they were actually defrauded in each...
  3. D

    $300 Billion in student loan "forgiven".... how generous

    Honestly, $60k is nothing. You'll pay that eventually. $60k isn't even a new pickup truck. If mine was that or even double that, I'd just pay it. It's more like 4x that, which for my income level, I can never pay.
  4. D

    $300 Billion in student loan "forgiven".... how generous

    Volker did have some serious balls to massively tighten monetary policy to cripple the inflation that existed at the time. Imagine how much better off we would be if that happened now.
  5. D

    $300 Billion in student loan "forgiven".... how generous

    What about those of us who were actually lied to about our earning potential? Who should pay in a situation where we've been literally defrauded?
  6. D

    $300 Billion in student loan "forgiven".... how generous

    I never said it was going to boost the GDP to forgive loans, although I do believe that's the case for reasons unrelated to the discussion here. For what you say to be true, 0% of them would have had to have been paying, which has never been the case in the history of the data. I would...
  7. D

    $300 Billion in student loan "forgiven".... how generous

    Not the only debt. Try to bankrupt out of child support or criminal restitution and let me know how that goes. But your point still stands. And yes, we need a structural solution to a structural problem. But that isn't going to happen if people believe things are not true, like that if we...
  8. D

    $300 Billion in student loan "forgiven".... how generous

    Doesn't matter where it comes from. Even borrowing money to spend it increases output. That is why GDP skyrocketed during WW II--the government spent all kinds of money that it didn't have and had to collect from taxes later. Y = C+I+G+NX That government spending increases output is true by...
  9. D

    $300 Billion in student loan "forgiven".... how generous

    No I don't, that is exactly what I've been saying the whole time. But government spending money does not print money. Monetary policy causes inflation, not fiscal policy. FWIW, you can be opposed to the government spending money and still believe this. I am opposed to all kinds of government...
  10. D

    $300 Billion in student loan "forgiven".... how generous

    I haven't asked you for anything and I pay my bills, thanks. I didn't vote for the policies we have, but if being told what the state of the law is has you triggered, perhaps you're the problem.
  11. D

    $300 Billion in student loan "forgiven".... how generous

    The public service loan forgiveness does not require you to work for the government. All nonprofits other than labor unions are included. It applies to the Red Cross, Salvation Army, or any other, entirely private, nonprofit organization other than labor unions. Again, another example where...
  12. D

    $300 Billion in student loan "forgiven".... how generous

    I never said anything about a Keynesian multiplier and I am not making argument. That government spending increases output is true by the definition of how output is measured. It isn't an argument, it's literally a mathematical identity referred to in economics as the national accounting...
  13. D

    $300 Billion in student loan "forgiven".... how generous

    Nope, the program I'm on is tax-exempt and was passed by a bipartisan majority of Congress and signed into law by George W. Bush. All loans are forgiven after 25 years no matter what, and that comes with a giant tax bomb. Were that to happen to me, given my balance, I would have to declare...
  14. D

    $300 Billion in student loan "forgiven".... how generous

    No, I didn't pay the loans because I am on a forgiveness program that will wipe out the balance in a few years. There is no reason for me to even try to pay them as the balance is so high that I can never pay it anyway, especially not because I have forgone a huge amount of my income to be...
  15. D

    $300 Billion in student loan "forgiven".... how generous

    I don't know what consumers will spend their money on instead of spending it on student loans, but given that the marginal propensity to consume any dollar results in over 97 cents being spent on goods and services, that they will spend it is self-evidently obvious. The savings rate is at...
  16. D

    So much for made in USA quality...

    They're pretty proud of Proto tools, to the point that they're so expensive that I usually look elsewhere.
  17. D

    $300 Billion in student loan "forgiven".... how generous

    Fiscal policy has nothing to do with inflation. "Inflation is always and everywhere a monetary phenomenon." Google that quote and read. Any economist who says otherwise will always begin the conversation with "inflation is usually (or almost always) monetary" and then go onto explain their...
  18. D

    $300 Billion in student loan "forgiven".... how generous

    Inflation is monetary. It sounds to me like you don't know or care what causes inflation. Fiscal policy has nothing to do with inflation. The fed could cripple the economy tomorrow and cause deflation if it had the will to do so. So-called economists claiming fiscal policy causes inflation...
  19. D

    Cci 450 vs cci 400

    There is a dent, just not as deep. The cup is thicker. Whether it's thicker enough to make a difference, I don't know. I generally use ball powder in ARs except for with match bullets.
  20. D

    Fauci is retiring

    I think you meant "hanged." I am definitely not interested in whether this 80+ year old man is "hung" and you shouldn't be, either.
Top Bottom
Back
Home
Forums
Merch
Alerts