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Freepers Still Love war Parody ... Jump / Trump --- van Halen jump "The Democrat Meltdown Continues" "Yes, We Need Deportations Without Due Process" "Trump's Tariff Play Smart, Strategic, Working" "Leftists Make Desperate Attempt to Discredit Photo of Abrego Garcia's MS-13 Tattoos. 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What Happens Inside Gaza’s Secret Tunnels? | Unpacked Hamas Torture Bodycam Footage: "These Monsters Filmed it All" | IDF Warfighter Doron Keidar, Ep. 225 EXPOSED: The Dark Truth About the Hostages in Gaza New Task Force Ready To Expose Dark Secrets Egypt Amasses Forces on Israel’s Southern Border | World War 3 About to Start? "Trump wants to dismantle the Education Department. Here’s how it would work" test "Federal Workers Concerned That Returning To Office Will Interfere With Them Not Working" "Yes, the Democrats Have a Governing Problem – They Blame America First, Then Govern Accordingly" "Trump and His New Frenemies, Abroad and at Home" "The Left’s Sin Is of Omission and Lost Opportunity" "How Trump’s team will break down the woke bureaucracy" Pete Hegseth will be confirmed in a few minutes Status: Not Logged In; Sign In Economy See other Economy Articles Title: A very secret agent Source: A very secret agent URL Source: http://www.atimes.com/atimes/Global_Economy/MG27Dj02.html Published: Jul 27, 2011 Author: Chris Cook Post Date: 2011-07-28 10:16:46 by lucysmom Keywords: Fiat Currency, Fed Created Tax Credit Views: 51096 Comments: 80 There is a charade playing out in Washington at the moment in respect of the completely meaningless "debt ceiling" which the US maintains as a relic from the days of the gold standard. We are told that at the US Treasury's account at the Federal Reserve Bank there will soon be no more taxpayers' dollars, and therefore the Fed will soon be unable to make any more payments or issue any more cheques on behalf of the Treasury. The money has run out. This is nonsense. It is a myth, and moreover it is a myth that Federal Reserve chairman Ben Bernanke exploded in his recent testimony to a US congressional committee. Asia Times">Click for Full Text! Post Comment   Private Reply   Ignore Thread   Top • Page Up • Full Thread • Page Down • Bottom/Latest Begin Trace Mode for Comment # 34. #3. To: Badeye, A K A Stone, hondo68, Fred Mertz, Godwinson, go65, war, no gnu taxes, Skip Intro, ferret mike, jwpegler, brian s, mcgowanjm, Capitalist Eric, Mininggold (#0) The debt ceiling is a myth because there is no need to borrow to finance public expenditure and the creation of public assets. As Ron Paul points out, the Fed - which is ludicrously receiving interest from the Treasury in order to pay it right back again as profit - could actually waive or tear up the US$1.6 trillion Treasury debt it has bought through quantitative easing (QE), and it would make precisely no difference other than to reduce the National Debt at a stroke by that amount. lucysmom  posted on  2011-07-28   10:22:52 ET  Reply   Untrace   Trace   Private Reply   #18. To: lucysmom (#3) "...all of the equations in neoclassical economics are rubbish. The differential equations describe nothing. Economics is not about mathematics, it is about the human being." Sandeep Jaitly The fact that you not only accept such nonsense as truth,but even think it is profound truth says a lot about you. What next,"Engineering ain't about building a safe airplane,it's about the people who fly in the plane. If it gets off the ground."? sneakypete  posted on  2011-07-28   11:28:18 ET  Reply   Untrace   Trace   Private Reply   #22. To: sneakypete (#18) What next,"Engineering ain't about building a safe airplane,it's about the people who fly in the plane. If it gets off the ground."? Economics is one of the "soft" social sciences. It is by definition, about human behavior. Engineering is a "hard" physical science. It is about stuff and how stuff works. Human beings can discover how stuff works and use that information to design lots of products that human beings use, but it isn't about human behavior. lucysmom  posted on  2011-07-28   11:54:34 ET  Reply   Untrace   Trace   Private Reply   #25. To: lucysmom (#22) Economics is one of the "soft" social sciences. It is by definition, about human behavior. Engineering is a "hard" physical science. It is about stuff and how stuff works. Human beings can discover how stuff works and use that information to design lots of products that human beings use, but it isn't about human behavior. Engineering is a concrete science, while economics is mainly abstract. Those who can only think concretely will try to redefine it concrete terms. And will generally be disappointed in the results. mininggold  posted on  2011-07-28   11:59:29 ET  Reply   Untrace   Trace   Private Reply   #27. To: mininggold (#25) Those who can only think concretely will try to redefine it concrete terms. And will generally be disappointed in the results. It's why engineers are not generally known for their social skills. lucysmom  posted on  2011-07-28   12:04:28 ET  Reply   Untrace   Trace   Private Reply   #34. To: lucysmom (#27) It's why engineers are not generally known for their social skills. Is that why nobody likes me except my dog? Fred Mertz  posted on  2011-07-28   15:25:02 ET  Reply   Untrace   Trace   Private Reply   Replies to Comment # 34. #35. To: Fred Mertz (#34) Is that why nobody likes me except my dog? Now, now, Fred - people DO like you. lucysmom  posted on  2011-07-28 15:32:52 ET  Reply   Untrace   Trace   Private Reply   End Trace Mode for Comment # 34. Top • Page Up • Full Thread • Page Down • Bottom/Latest

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