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Coventional wisdom and myself mostly.
Ie....data entry vs laying a fiver on the counter.
Coventional wisdom and myself mostly.
you're with Jamie Galbreath on this one?
Dunno yet. The fact that my mind slammed completely shut at the mere concept gives me pause to re-examine the notion.you're with Jamie Galbreath on this one?
^^^pointy-headed elitism
*parks dunce cap on pointy head*
for the record, is pro-pointy headed elitism to some extent
even though it is the dunce cap of modern politics
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I'll tell you how data entry can hurt us, Professor Galbreath:
One day, the markets could decide the US balance sheet is crap, and it won't matter one bit whether it's true or not...
confidence, always elusive, becomes even moreso once trust has been broken
Theres sone serious roasting in the opening remarks in the angy bear link.
Presumably, the markets would have a reason to do so.
Sure. But ruling out that our present actions might inform future problems seems jejune...
...OTOH Professor Galbreath is an expert who puts the danger at nil, because rates are very low right now...
I think "monetary existentialism" (love the term btw) only works when you have, by a good amount, the most well-funded and capable military in the world.
...and the world's reserve currency too, perhaps
good thing that'll never change
Bumping to see if RG will come back and play
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