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Feel free to reply to any comment by clicking the "Reply" button.Thanks, we recently discussed why it would be a bad idea to have socialist politicians run all facets of the economy...
You just proved the point. You suggest we do just like Zimbabwe did... or Argentina or any of a number of failed economies... past and recent.
Hanno
Level 8
Jan 31, 2020
1
The biggest problem with socialism is they always run out of other peoples money to waste
Not the same. And you know the current deficit is $1 trillion and that there are trillions more on the Fed's growing balance sheet, right? Does a few hundred billion more, which is still a single digit percentage of GDP suddenly lead to hyperinflation, regardless of how it's spent?
@WilyRickWiles And when you spent that few hundred billion and you then realise that you need a few hundred billion more, and then you spend that... by then your population is used to free money and then you need some more...
It is actually hilarious... do you think all the failed socialist counties all set out from the start to destroy their economies?
Of course not... they all started full of good intentions just like you.
@Hanno Did they also have extremely diversified economies, the world's most powerful military, and the world's reserve currency? And was spending really the catalyst of their problems?
@WilyRickWiles
Soviet Union
@Leroy_Dumonde All fundamentalism. And now you seem to be making the argument for a recession rather than a collapse.
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