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Pointing out when things are awry is different than predicti
Posted on: February 15, 2018 at 09:04:11 CT
JeffB MU
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ng how and when something bad is going to happen.
For instance, it isn't unreasonable for someone to point out that bad things are likely to happen to someone who likes to hit the bars and drive home several nights a week.
That person could do so for several years and laugh at the "chicken little" who is warning that doing so is a bad idea and could have very bad consequences at some point down the road.
High debt levels should be a warning for people... and for governments as well, though it is true that governments that can issue fiat money at will to pay their debts have a lot more flexibility to rip off the people who loan them the money for their debts.
But even that strategy has its limits and in the long run will produce a lot of problems for people.
For instance, it isn't unreasonable for someone to point out that bad things are likely to happen to someone who likes to hit the bars and drive home several nights a week.
That person could do so for several years and laugh at the "chicken little" who is warning that doing so is a bad idea and could have very bad consequences at some point down the road.
High debt levels should be a warning for people... and for governments as well, though it is true that governments that can issue fiat money at will to pay their debts have a lot more flexibility to rip off the people who loan them the money for their debts.
But even that strategy has its limits and in the long run will produce a lot of problems for people.
Please explain why this message is being reported.
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Pointing out when things are awry is different than predicti - JeffB MU - 2/15 09:04:11