You say this, but if the US actually expanded nationwide fiber like we were supposed to there would have been a whole lot of ditches to dig up and refill. Public works projects don’t have to be wasteful.
You may know this already, but we did lay the fiber already like we were supposed to have. Most of it just never got used until ~20 years later. Because corporations need to milk their profits.
About 100 years ago, American capitalists drunk-drove the US economy into a ditch and the government had to jump-start it by allocating capital itself. The jobs were in national parks, schools, housing, and rural electrification. If you've ever been to a national park, chances are decent you walked by/over a plaque or stamp commemorating it.
It's reasonable to want most capital allocation to happen privately, thereby ensuring these decisions are made by people with a track record of success and skin-in-the-game. That's capitalism, it's good, and I'm a capitalist too. But the propaganda that the government is so inherently bad at this game that one should fight it even in an emergency is reductive, defeatist, and ahistorical.
Agree with this. The > the organization the > the big brother dystopia. Big corps that say use outlook will ask for admin permissions on your cell which include delete access, reading media, etc if you want to use teams/outlook. So i never opt in. Probably good for work life bal. They can call me in emergencies.
Right, then: 1910 normal salary was 200-400 (say 300), if 97% of value of the dollar was lost in 2026 the normal salary should be 6666 - 13333 (say $10 000)
In a modern money/fiat money regime, the federal government can afford anything in nominal terms. As such, the solution would be to subsidize the industries that make the most sense for standard of living and national security so they can participate in the market. Use government subsidies to offset the costs of environmental remediation .
Its a thing. Living in hurricane alley, I see it all the time. Lines at gas stations, grocery stores, hardware stores. My strategy is to wait till the 11th hour after supply trucks have restocked everything and shop in peace.stores are open, quiet , sparsely trafficed, usually stocked up at this point. Works every time
Absolutely false. Worse case is dollar going down. Interest rates are exogenous and controlled by the fed who can buy all the treasuries in the world at a moment's notice. The treasury securities held by China are their problem . Not the US's.
There is no proof that higher interest rates lead to greater unemployment. In fact, macro employment kind of boomed during the referenced period. I'd posit that higher rates actually boosted macro employment stats . Why ? Because higher rates = higher income to rich people via interest income channel = higher fed budget deficits ( gov is net payer of interest) = higher GDP = lower unemployment ceterus paribus.
This is completely backwards. When interest rates are high, the expected returns of equity investments have to be even higher to justify the risk over risk-free fixed income assets.
And that's only the indirect effect on equity funding; debt funding just directly becomes more expensive.
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