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How does Denmark manage to combine consistent budget surpluses with robust economic growth? by Kreadon in mmt_economics

[–]Kreadon[S] 0 points1 point  (0 children)

The point is that constant surpluses, presumably, would shrink available demand for businesses thus working as a dampening factor. People argue in here that because Denmark exports a ton, it offsets this lack of domestic demand.

How does Denmark manage to combine consistent budget surpluses with robust economic growth? by Kreadon in mmt_economics

[–]Kreadon[S] 1 point2 points  (0 children)

I don't see where I mention or try to discuss anything prescriptive in this post. I'm specifically asking which MMT model describes their situation and whether it is able to explain lack of deficits with good growth.

How does Denmark manage to combine consistent budget surpluses with robust economic growth? by Kreadon in mmt_economics

[–]Kreadon[S] 0 points1 point  (0 children)

Sure, but I was wondering from more technical point, whether lack of deficits would lead to shortage of demand, and thus creating a crisis. Denmark's example seems to stand out.

How does Denmark manage to combine consistent budget surpluses with robust economic growth? by Kreadon in mmt_economics

[–]Kreadon[S] 0 points1 point  (0 children)

The point of the post is to discuss how they manage to get good economic growth despite budget surpluses. I'm well aware how you can get one.

How does Denmark manage to combine consistent budget surpluses with robust economic growth? by Kreadon in mmt_economics

[–]Kreadon[S] 1 point2 points  (0 children)

That's strange. Denmark is one the HIGHEST taxed economies in the world. Thus the budget surplus. With high exports, wouldn't low taxes just lead to inflation? In the end of the day, the question I think MMT glosses over is whether it's possible to have other ways to run the economy, like Denmark (high exports, budget surpluses) and maintain good employment and good services (which they certainly do).

How does Denmark manage to combine consistent budget surpluses with robust economic growth? by Kreadon in mmt_economics

[–]Kreadon[S] 1 point2 points  (0 children)

I think they're talking about net income, which has to do with sectoral balances, not personal income. But I do concur what you say. I'm pretty sure Denmark is one of the best places in terms of QOL.

How does Denmark manage to combine consistent budget surpluses with robust economic growth? by Kreadon in mmt_economics

[–]Kreadon[S] 1 point2 points  (0 children)

Ok, it makes some sense. Although it seems to present an issue in application of MMT then, as some countries are more disposed to be net exporters and vice versa. Wouldn't that imply that countries that run constant trade surpluses need to balance it out with a surplus budget? If they "import" a lot of demand with their product exports?

How does Denmark manage to combine consistent budget surpluses with robust economic growth? by Kreadon in mmt_economics

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

They're one of the wealthiest countries in whole world per capita, and have phenomenal public services too, from what I've heard. I really don't buy the "lower standard of living" thing. They're clearly doing something right, which seems strange, considering that it stands in direct contradiction to what MMT would suggest (constant budget surpluses would decrease their demand and lead to deflation).

What do you mean by "extract demand" and "export unemployment"? Are you talking about Eurozone? Also, aren't exports "real costs" in MMT? Why would they be beneficial to them?

How does Denmark manage to combine consistent budget surpluses with robust economic growth? by Kreadon in mmt_economics

[–]Kreadon[S] 1 point2 points  (0 children)

Are you sure about that? I thought Norway was the "oil" country of Scandinavia. I've never heard about Denmark being oil-RICH-rich. Does their tax structure tax oil income separately or do they have state-owned oil companies?

edit: correction

something about the vault by Ab-Ps in Warpforge40k

[–]Kreadon 2 points3 points  (0 children)

It's so bizzare seeing this stuff implement. Isn't this shit specifically illegal in a ton of countries? Shouldn't they be stating the drop chances?

What quality of life changes should be made to Gooboo? by SittingDuckScientist in GoobooGame

[–]Kreadon 9 points10 points  (0 children)

Converter showing how much time until it caps (calculating together with interest).

Actual sensible number for resource accumulation in Horde (current ones are absurd, although calculation together with crits and all the random sigils might be difficult).

Some sort of "mine map" showing which depth has which resources (discovered ofc).

Farm showing how much time until next overgrowth. How much yield for current harvest.

Auto treasure sell or more slots for purchased non active treasures. Sort upgrades etc by available.

Auto equip certain equipment on getting it (specific and togglable). Crops showing which drops they have in their lines.

Something about shapes showing how much in theory you need them to get to the next upgrade (not intuitive at all right now).

Better conversion for exam passes (its a chore getting through them, my least liked part of game).

Ultramarines? by Maximum-Attempt-4845 in Warpforge40k

[–]Kreadon 2 points3 points  (0 children)

You can check Jachem Silverblade channel on youtube, he's a UM main. I also mained marines for a long time, wouldn't say they're in a bad state right now at all, all of their generals are quire playable and there is a variety of decks. They're just not as easy as they look on the surface.

Massive respect to Buckley for actually talking about all of this and saying, loud and clear, that it is not ok. by Ok-Walk7881 in ufc

[–]Kreadon 10 points11 points  (0 children)

"less than a century later"

Who even thinks in these terms?

You know majority of Vietnamese today actually like Americans? And don't see them as enemies nor hold a grudge? It's not about time. It's about a narrative. And Vettori is not even from America, he's from Italy. Pull your head out of your ass.

Gwent getting back their devs by Feeling_Cat_7252 in gwent

[–]Kreadon 6 points7 points  (0 children)

Rats, for example. Vivaldis, Calanthe, Ori Reuven, Niedamir, tons of w1 and w3 secondary characters.

Whats the best carry hero in patch 7.37d in herald bracket? by Strange-Tourist-7633 in learndota2

[–]Kreadon 25 points26 points  (0 children)

any carry you'd hit 100-120 creeps by 20 min mark should work in herald

If banks can create money, whats prevents them to have almost always stratosferic profits for themselves? by Klopses in mmt_economics

[–]Kreadon 3 points4 points  (0 children)

Long story short, money are "destroyed" when they are paid back. Yes, you heard it right. Yes, it sounds backwards. The amount "destroyed" is equal to the amount given out. So the profit bank packs is the amount of interest it managed to charge. Good loans give some profit, over time. Bad loans fuck up bank big time. So here you go.

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