randallscott35 is "day trader" economist. GenuineRisk is income redistributionist. GR, you can redistribute income all you want, but income earners will trample you if you attempt to redistribute their wealth.
1. US is still largest economy on Planet Earth.
2. All economics is cyclical.
3. Y = C + I + G + (X-M) Basic Keynesian theory still drives fiscal policy.
4. Money supply still drives economic growth and inflation. Fed still practices what Milton Friedman preached.
5. Dollar has more competition today, but still is world currency. I haven't been to a country yet where dollar isn't accepted by locals.
6. Gold and silver and other precious metals come & go. Hard currency advocates usually get their heads served on their own "silver platter."
I am watching LSU dominate OSU. Roughing the kicker... another OSU oops! More economics at later date. GEAUX TIGERS! SEC RULES!!!
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@wire2wirewin
Turf Economist since 1974
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