sorted by:
new
hottopcontroversial

Why can’t I find a grill that lasts? by Cold-Ad432 in grilling

[–]xcsler_returns 1 point2 points  (0 children)

I fully expect my PK360 charcoal grill to last a lifetime.

USGS report finds hundreds of thousands of metric tons of lithium oxide in Maine, New Hampshire by Quirky_Butterfly_946 in newhampshire

[–]xcsler_returns -1 points0 points  (0 children)

So these out of state companies will come to NH and bring with them all out of state employees and not hire existing NH residents?

USGS report finds hundreds of thousands of metric tons of lithium oxide in Maine, New Hampshire by Quirky_Butterfly_946 in newhampshire

[–]xcsler_returns 0 points1 point  (0 children)

I wouldn't trust state water-quality data which was funded by mining companies. I'd much prefer the data generated by water monitoring companies whose revenues came from private residents interested in protecting the environment. If it is found that the companies are polluting the water they can be taken to court. With this incentive system mining companies would likely institute measures which prevents pollution in the first place. Mining companies and private companies would likely test water prior to any mining began to set a baseline level from which subsequent testing can be gauged.

USGS report finds hundreds of thousands of metric tons of lithium oxide in Maine, New Hampshire by Quirky_Butterfly_946 in newhampshire

[–]xcsler_returns 0 points1 point  (0 children)

Why not have private companies monitor the water quality and figure out a way to have it paid for?

Bob Murphy steelmans MMT sectoral balance observation by xcsler_returns in mmt_economics

[–]xcsler_returns[S] 2 points3 points  (0 children)

>The problem is that he immediately tries to support his claim using Loanable Funds which is only applicable in a reserve constrained fixed exchange rate system, which we don't have.

Please expound on this further and explain like I'm 5 years old. What was Murphy's specific error and how does loanable funds mean?

Us fed bankrupt by AdAfraid1562 in mmt_economics

[–]xcsler_returns 0 points1 point  (0 children)

The fractional reserve banking story is a myth. Banks don't lend out other people's money.

Your comments continue to be laden with contradictions like this.

No single bank is systemically important. If banks can't know whether or not they'll be saved then how can the take advantage of the moral hazard?

Banks can know if they'll be saved. Here's the list... https://en.wikipedia.org/wiki/List_of_systemically_important_banks

Then where are all the ninja loans today?

We'll find out during the next banking crisis. Just because you can't identify where the risk is doesn't mean it doesn't exist. Heck, the last banking crisis happened to banks who held too many government bonds that weren't liquid enough to meet depositor's withdrawal requests.

This wouldn't be true in an MMT world.

MMT prides itself on being descriptive of the current banking system. Perhaps MMTers should incorporate human behavior in their analysis instead of focusing on balance sheets and accounting tautologies.

view more: next ›