The expansion of credit backed by a central bank

Does anyone here support forgiving student debt? - 4TigersinMichigan MU - 4/2 09:37:38

     No. Taking a loan involves risk, and the risks are borne - Bulldog Bob Brown STL - 4/2 11:16:46

     I’d consider a stimulus but never a total forgivness and... - JayRoy KC - 4/2 11:09:59

     No - MIZ45 MU - 4/2 10:58:38

     bunch of blue collar workers luv paying for loser BA degrees - TigerFan92 STL - 4/2 10:54:48

     RE: no. nm - MUDude MU - 4/2 10:21:14

     What do we do with all those who - Outsider MU - 4/2 10:16:57

          Not only did they foolishly pay them off - 4TigersinMichigan MU - 4/2 10:21:22

          Yes. It will be like all of those young people who - ummmm MU - 4/2 10:20:58

     RE: Does anyone here support forgiving student debt?: No, - BH O'bonga MU - 4/2 10:15:00

          So donors who paid into the endowment fund should have - 4TigersinMichigan MU - 4/2 10:16:21

               RE: So donors who paid into the endowment fund should have - BH O'bonga MU - 4/2 10:22:17

                    I don't disagree, but that does not answer the question of - 4TigersinMichigan MU - 4/2 10:30:04

     No (nm) - Sal CMSU - 4/2 10:09:23

     Yes - meatiger MU - 4/2 10:08:23

          Can we try that again in English?(nm) - 4TigersinMichigan MU - 4/2 10:11:52

               Sorry. On my phone on a plane(nm) - meatiger MU - 4/2 10:13:25

                    So you support both of those positions? - 4TigersinMichigan MU - 4/2 10:15:23

                         What do you think?(nm) - meatiger MU - 4/2 10:17:46

                              So what role did the government have in forcing those - 4TigersinMichigan MU - 4/2 10:20:32

                                   the central bank, expansion of credit, guaranteed loans, etc - pickle MU - 4/2 10:29:22

                                   A number of things - meatiger MU - 4/2 10:25:05

                                        None of those have anything to do with the government - 4TigersinMichigan MU - 4/2 10:28:25

                                             Bull$h1t - meatiger MU - 4/2 10:31:52

                                                  Tell me how government forced students to take those loans - 4TigersinMichigan MU - 4/2 10:34:15

                                        Simply put: Moral Hazard. (nm) - ummmm MU - 4/2 10:26:19

                                             Yep - meatiger MU - 4/2 10:29:36

                                             And that is indeed true - 4TigersinMichigan MU - 4/2 10:29:07

                                                  Maybe not exactly alike, but still comparable. - ummmm MU - 4/2 10:31:29

                                                       don’t let him reshape the issue - pickle MU - 4/2 10:33:58

                                                            I was just preempting his anticipated response. (nm) - ummmm MU - 4/2 10:36:19

                                                                 gotcha (nm) - pickle MU - 4/2 10:40:41

                                                                 The applicable example would be if government forced a - 4TigersinMichigan MU - 4/2 10:37:47

                                                                      In that instance, you would support the govt paying back - ummmm MU - 4/2 10:41:52

                                                                           I will say what I said about this issue before - 4TigersinMichigan MU - 4/2 10:44:40

                                                                                Okay, so reparations with proof. (nm) - ummmm MU - 4/2 10:47:32

                                                                                     If anyone can demonstrate their direct loss as a result - 4TigersinMichigan MU - 4/2 10:50:25

                                                                                          oh, dear (nm) - pickle MU - 4/2 10:52:29

                                                                                          Does direct loss include the time value of money/property - ummmm MU - 4/2 10:52:05

                                                                                               No, unless they can demonstrate without question - 4TigersinMichigan MU - 4/2 10:57:27

                                                                                                    Btw, the PPP program didn't account for proof of actual - ummmm MU - 4/2 11:05:04

                                                                                                         And that is why, despite the repeated lies, not one person - 4TigersinMichigan MU - 4/2 11:08:02

                                                                                                              You wait until now to drop this? - ummmm MU - 4/2 11:12:51

                                                                                                                   Until now? - 4TigersinMichigan MU - 4/2 11:14:40

                                                                                                                        no one except you is lying here - pickle MU - 4/2 11:30:26

                                                                                                                        In this thread, I mean. (nm) - ummmm MU - 4/2 11:18:25

                                                                                                    That's not difficult at all. For every death, there is - ummmm MU - 4/2 10:59:30

                                                                                                         But you said for property that was taken - 4TigersinMichigan MU - 4/2 11:06:18

                                                                                                              Yes, stolen labor / unpaid wages. - ummmm MU - 4/2 11:10:22

                                                                                                                   And that is the issue with reparations - 4TigersinMichigan MU - 4/2 11:13:29

                                                                                                                        People bring actions on behalf of estates all the time. - ummmm MU - 4/2 11:19:19

                                                                                                                             I have said if anyone can show me a direct loss they - 4TigersinMichigan MU - 4/2 11:38:50

                                                                                                                                  you are supportive of $6T reparations (nm) - pickle MU - 4/2 11:48:39

                                                                                                                                  The direct loss is the estate of their great great great - ummmm MU - 4/2 11:47:32

                                                                                                                                       No, it is not - 4TigersinMichigan MU - 4/2 11:51:58

                                                                                                                        That is YOUR issue with reparations. - kmawv8 KC - 4/2 11:18:27

                                                                                     Your advice to hokie regarding philosophy would fit here - pickle MU - 4/2 10:49:57

                                                                      you are trying to reshape the issue - pickle MU - 4/2 10:41:51

                                                       RE: Maybe not exactly alike, but still comparable. - meatiger MU - 4/2 10:33:01

                                                            We aren't talking about loans - 4TigersinMichigan MU - 4/2 10:35:19

                                                                 The student loan crisis - meatiger MU - 4/2 10:37:29

                                                                      Agreed it was a government problem - 4TigersinMichigan MU - 4/2 10:38:17

                                                       Not at all - 4TigersinMichigan MU - 4/2 10:32:46

                                                            This is incorrect: - ummmm MU - 4/2 10:39:55

                                                                 So if the government forces you out of your house even - 4TigersinMichigan MU - 4/2 10:41:22

                                                                      The govt has no money. It only takes from other people. - ummmm MU - 4/2 10:44:35

                                                                           And if that were to happen with my house - 4TigersinMichigan MU - 4/2 10:46:24

                                                                                It wouldn't be your money. Your money is spent and gone - ummmm MU - 4/2 10:47:15

                                                                                     And couldn't this same argument be made for student - ummmm MU - 4/2 10:49:13

                                                                                          If you can show me student loan borrowers were forced, - 4TigersinMichigan MU - 4/2 10:51:59

                                                                                               I didn't have to buy a house. Business owners didn't have - ummmm MU - 4/2 10:55:04

                                                                                                    There is an absolute difference - 4TigersinMichigan MU - 4/2 11:00:25

                                                                                                         But why should non-business owners backstop the risks of - ummmm MU - 4/2 11:07:19

                                                                                                              A risk of owning business is not that the government - 4TigersinMichigan MU - 4/2 11:09:37

                                                                                                                   It absolutely is. In fact, regime uncertainty and govt - ummmm MU - 4/2 11:11:42

                                                                                                                        In foreign counties those are indeed known risks - 4TigersinMichigan MU - 4/2 11:16:27

                                                                                                                             LMFAO - pickle MU - 4/2 11:25:49

                                                                                                                             It happens all the time here. - kmawv8 KC - 4/2 11:23:57

                                                                                                                                  Those are not telling you that you must shut your doors - 4TigersinMichigan MU - 4/2 11:39:49

                                                                                                                                       Liquor laws are exactly that. (nm) - kmawv8 KC - 4/2 12:05:02

                                                                                                                                            How so? - 4TigersinMichigan MU - 4/2 12:11:38

                                                                                                                                                 If a bar is operating until 3:00 and the state changes - kmawv8 KC - 4/2 12:13:06

                                                                                                                                                      They are not being totally shut down - that is why I have - 4TigersinMichigan MU - 4/2 12:16:45

                                                                                                                                                           Oh, so you only support it if it's a total shutdown. - kmawv8 KC - 4/2 12:19:54

                                                                                                                                                                I have been 100% consistent since the issue of this - 4TigersinMichigan MU - 4/2 12:29:15

                                                                                                                                                                     You haven't at all (nm) - kmawv8 KC - 4/2 13:13:56

                                                                                                                                                                Also, don't forget the near 2 decades of actual Prohibition - ummmm MU - 4/2 12:26:46

                                                                                                                                                                     Who has forgotten about them?(nm) - 4TigersinMichigan MU - 4/2 12:29:45

                                                                                                                                                                          Anyone who acts like the govt doesn't totally shut down - ummmm MU - 4/2 12:30:51

                                                                                                                                                                               It does matter for this thread - 4TigersinMichigan MU - 4/2 12:33:55

                                                                                                                                                                                    Was it a bar owners fault in 1919 that he could no longer - ummmm MU - 4/2 12:36:55

                                                                                                                                                                                         No, and perhaps something could have been considered then - 4TigersinMichigan MU - 4/2 12:44:01

                                                                                                                                                                                              You're speaking for all of business owners and what they - kmawv8 KC - 4/2 13:43:49

                                                                                                                                                                                              100% false (nm) - pickle MU - 4/2 13:37:05

                                                                                                                                                                                              This is patently untrue. (nm) - ummmm MU - 4/2 12:51:44

                                                                                                                                                                                         That happens in foreign countries, ummmm - pickle MU - 4/2 12:39:40

                                                                                                                                       you’re suffering from rask memory loss - pickle MU - 4/2 11:53:15

                                                                                                                                  Uber and AirBnb are on the phone - pickle MU - 4/2 11:28:38

                                                                                                                                       Taxi companies as well. - kmawv8 KC - 4/2 11:38:36

                                                                                                                                       He gives a condemnation example below too. - ummmm MU - 4/2 11:31:22

                                                                                                                             I don't mean to be callous, but that is an insane comment. * - ummmm MU - 4/2 11:17:12

                                                                                                                                  Give me a list of companies in the US in the last 20 years - 4TigersinMichigan MU - 4/2 11:41:47

                                                                                                                                       The govt uses the hundreds of thousands of pages of - ummmm MU - 4/2 11:45:55

                                                                                                                                            No, it does not - 4TigersinMichigan MU - 4/2 11:53:24

                                                                                                                                                 Yeah, those unilateral actions manifest through the - ummmm MU - 4/2 12:28:03

                                                                                                                                                      We cannot consider them because they were not part of my - 4TigersinMichigan MU - 4/2 12:32:20

                                                                                                                                                           All of those COVID shutdowns were put into place by - ummmm MU - 4/2 12:36:03

                                                                                                                                                                They may be granted the power to do it - 4TigersinMichigan MU - 4/2 12:45:41

                                                                                                                                                                     But that doesn't happen in the US? (nm) - ummmm MU - 4/2 12:53:39

                                                                                                                                                                          Well, they may close a business for a brief period due to - 4TigersinMichigan MU - 4/2 13:01:10

                                                                                                                                                                               RE: Well, they may close a business for a brief period due to - ummmm MU - 4/2 13:04:18

                                                                                                                                                                                    Yes, and at one point we had slavery - 4TigersinMichigan MU - 4/2 13:06:47

                                                                                                                                                                                         RE: Yes, and at one point we had slavery - ummmm MU - 4/2 13:09:02

                                                                                                                                                                                              That was the fear and why I was open to exploring ways - 4TigersinMichigan MU - 4/2 13:11:00

                                                                                                                                                                                                   But that doesn't happen in the US? (nm) - ummmm MU - 4/2 13:15:33

                                                                                                                                                                                                        I said it isn't something businesses plan for today - 4TigersinMichigan MU - 4/2 13:16:53

                                                                                                                                                                                                             you aren't being honest (nm) - pickle MU - 4/2 13:47:26

                                                                                                                                                 “There is not one business in the US that contemplates - pickle MU - 4/2 11:58:08

                                                                                                                                  feelings over facts (nm) - pickle MU - 4/2 11:27:36

                                                                                                         “do you actually mean ask others to pay that bailout - pickle MU - 4/2 11:06:26

                                                                                               that’s not the issue (nm) - pickle MU - 4/2 10:53:32

                                                                                     I would be getting back money I paid in - 4TigersinMichigan MU - 4/2 10:48:31

                                                                                          It’s immoral to steal from others be it student loans - pickle MU - 4/2 10:51:40

                                                                                          I hate to break it to you, 4tigs, but you didn't "pay - ummmm MU - 4/2 10:50:52

                                                                                               They took my money, I would be open to receiving back - 4TigersinMichigan MU - 4/2 10:54:24

                                                                                                    Yet that is EXACTLY what you are supporting - pickle MU - 4/2 10:56:38

                                                                                                    RE: They took my money, I would be open to receiving back - ummmm MU - 4/2 10:56:21

                                                                                                         lol (nm) - kmawv8 KC - 4/2 11:04:19

                                                            you’re being dishonest. that isn’t the topic - pickle MU - 4/2 10:34:34

                                                  No, you said others shouldn’t pay for it - pickle MU - 4/2 10:30:52

                         he’s pointing out your hypocrisy (nm) - pickle MU - 4/2 10:17:17

                              I guess i am a day late technically (nm) - meatiger MU - 4/2 10:18:37

     Since I have 2 daughters with student debt, sure! But in - Lt. J. Dangle MU - 4/2 09:52:32

     I do, from college endowments since they failed - RHAYWORTH MU - 4/2 09:51:49

          So if I gave to my university's endowment fund - 4TigersinMichigan MU - 4/2 09:53:09

     I have a doctor friend who is excited about it - Ragnar Danneskjold MU - 4/2 09:51:32

          It won't happen under this President (except some token - ummmm MU - 4/2 09:54:02

               Normally I would agree but he has some pretty serious - Ragnar Danneskjold MU - 4/2 09:56:45

                    Nah, those people like the prestige of office more than the - ummmm MU - 4/2 09:58:50

     No. - ummmm MU - 4/2 09:49:16

          I feel bad for them as well - 4TigersinMichigan MU - 4/2 09:51:07

     College is too expensive and loan debt is an issue - Eggs MU - 4/2 09:45:28

          Students should be allowed to avail themselves of the - SparkyStalcup MU - 4/2 11:14:12

          Why do you think college is so expensive? (nm) - Lerxst MU - 4/2 10:30:17

          The expansion of credit backed by a central bank - pickle MU - 4/2 10:21:39

          I agree - 4TigersinMichigan MU - 4/2 09:49:07

          One of several reasons college is so unnecessarily - GA Tiger MU - 4/2 09:48:16

               100% correct - RHAYWORTH MU - 4/2 09:55:08

     now apply this to your support of the $6T “bailout” - pickle MU - 4/2 09:44:47

          you're likely to be ridiculed for your being "absolute", lik - 90Tiger STL - 4/2 10:00:32

          Any time Congress is spending money, it should require a - MU-TULSA MU - 4/2 09:48:30

               Erections have consequences... - Gyro MU - 4/2 10:04:42

                    now it’s your team’s turn to raid people’s pockets (nm) - pickle MU - 4/2 10:09:07

                         If only ABC Company, a division of National XYZ Corporation - Gyro MU - 4/2 10:25:57

                              straw man (nm) - pickle MU - 4/2 10:47:52

               i can’t agree with that (nm) - pickle MU - 4/2 09:52:00

                    Surprising because as we all know too well... - Gyro MU - 4/2 10:26:46

                         maybe you should pay attention - pickle MU - 4/2 10:55:13

     nope - DesertTiger MU - 4/2 09:43:22