Scomo saving me

[Quicksilver]

Do you have kids?

No

But I'm happy to contribute to schooling through my taxes. I think we are all strengthened by a healthy education and day care system.

 

[carcharias]

No

But I'm happy to contribute to schooling through my taxes. I think we are all strengthened by a healthy education and day care system.

Right
So you have no f**king clue.

I could tell.

 

[Quicksilver]

Right
So you have no f**king clue.

I could tell.

What?

I said it was good.

Do you think it's bad?

 

[carcharias]

What?

I said it was good.

Do you think it's bad?

Not just this last announcement...
There is a whole plethora of clueless coming out of you.

 

[Quicksilver]

Not just this last announcement...
There is a whole plethora of clueless coming out of you.

Ok, so I didn't actually say anything wrong. But for some reason you just quoted one particular response and told me I have no clue.

But I'm the clueless one. Right.

I know you don't like constructing thorough responses but this quick unexplained snap is particularly odd.

 

[Eion]

It's the ramifications for the action though. How can this be ok when a smaller debt (even though it was still the biggest crisis since The Great Depression) was not?

If we couldn't pay that back, then how do we pay this back? like how? How does that mechanically work?

You can jump off a 20 storey building because someone is going to shoot you. That's probably justified, but you're still going to hit the ground and die.

So given their reaction to the last crisis, they can't just hand out money and forget about it. There is a fundamental inconsistency. And it's not a small blind-spot or something. It's a gaping hole. They need to re-examine their core philosophies and the economic system itself.

I await Somoconomics. Maybe what he presents will be better than what we have.

What he’s said is, the intention is the spending is finite to the crisis where possible. They’re trying to put measures in place that don’t have a long tail or change fundamental systems. He’s said it from day 1.

 

[Quicksilver]

What he’s said is, the intention is the spending is finite to the crisis where possible. They’re trying to put measures in place that don’t have a long tail or change fundamental systems. He’s said it from day 1.

Well with the amount that is going out it's still going to be an astronomical hit to the bottom line.

Ruddy's one off $900 is peanuts by comparison. And Rudd's other stimulus at least provided some productive assets at the end of it all (even if you do want to argue they were over-priced). That's not the current government's fault, they can't really engage in nation building programs in this particular crisis. This stimulus is just to keep money circulating.

 

[carcharias]

Ok, so I didn't actually say anything wrong. But for some reason you just quoted one particular response and told me I have no clue.

But I'm the clueless one. Right.

I know you don't like constructing thorough responses but this quick unexplained snap is particularly odd.

I was just confirming what I thought was probably true about you.

I was right again.

 

[Quicksilver]

I was just confirming what I thought was probably true about you.

I was right again.

What?

That I'm happy to support kids going to school through my taxes?

Well yes, that is the truth.

Put that on the record.

 

[carcharias]

Well with the amount that is going out it's still going to be an astronomical hit to the bottom line.

Ruddy's one off $900 is peanuts by comparison. And Rudd's other stimulus at least provided some productive assets at the end of it all (even if you do want to argue they were over-priced). That's not the current government's fault, they can't really engage in nation building programs in this particular crisis. This stimulus is just to keep money circulating.

who gives a f**k
The entire world is in a complete and utter shit fight.
No money makes this an entire different thing.
People can’t survive.

there is no other option.

 

[carcharias]

What?

That I'm happy to support kids going to school through my taxes?

Well yes, that is the truth.

Put that on the record.

Ha
Too late for more stories

 

[Eion]

Well with the amount that is going out it's still going to be an astronomical hit to the bottom line.

Ruddy's one off $900 is peanuts by comparison. And Rudd's other stimulus at least provided some productive assets at the end of it all (even if you do want to argue they were over-priced). That's not the current government's fault, they can't really engage in nation building programs in this particular crisis. This stimulus is just to keep money circulating.

Thanks scoop. If you don’t like it, tell us your alternative.

 

[Quicksilver]

who gives a f**k
The entire world is in a complete and utter shit fight.
No money makes this an entire different thing.
People can’t survive.

there is no other option.

Yep, I know.

That's why I'm arguing that things are going to have to change in some fundamental way. Maybe some kind of massive global debt forgiveness program. Maybe some completely new type of economic system. We should get in front of that with some blueprints for something that will work positively for most people and the planet.

 

[Quicksilver]

Thanks scoop. If you don’t like it, tell us your alternative.

This is the death of our current paradigm. This financial crisis has been coming for years. The virus just brought it forward and made it ever more spectacular.

Things are changing.

We may go to MMT (even though we arguably already playing this game), A modern debt jubilee. A universal basic income.

We'll probably have something to replace the US dollar as the world reserve currency. A new gold backed currency system. A new crypto currency system. Or something else.

I'm not fully behind anything yet but I'm open to consideration and discussion.

Most of all I'd like to see any new system find a more effective way of pricing in externalities.

 

[Eion]

This is the death of our current paradigm. This financial crisis has been coming for years. The virus just brought it forward and made it ever more spectacular.

Things are changing.

We may go to MMT (even though we arguably already playing this game), A modern debt jubilee. A universal basic income.

We'll probably have something to replace the US dollar as the world reserve currency. A new gold backed currency system. A new crypto currency system. Or something else.

I'm not fully behind anything yet but I'm open to consideration and discussion.

Most of all I'd like to see any new system find a more effective way of pricing in externalities.

I actually think the pandemic will see a correction that will put back any fundamental change, if one was coming. Agree that opportunity comes from things like this, but I’m happy the absolute focus is on health and economic need. Unless the pandemic has a much longer tail than anticipated, then I reckon the focus will be on repair than revolution when we come through it. But I spose we’ll see.

 

[Quicksilver]

Ha
Too late for more stories

That isn't a story. It's just a statement about my position on education and child care.

I just answered a question that you asked.

I really don't know why I trigger you so much. I'm not the biggest "Scomo" fan but I give him credit when it's due. Like now.

 

[Quicksilver]

I actually think the pandemic will see a correction that will put back any fundamental change, if one was coming. Agree that opportunity comes from things like this, but I’m happy the absolute focus is on health and economic need. Unless the pandemic has a much longer tail than anticipated, then I reckon the focus will be on repair than revolution when we come through it. But I spose we’ll see.

Quite possibly. I mean, we can't just go out and change things right this second. Things are going to have to grind along like this in the short term at the very least. But over the next period (maybe 5-10 years?) A lot of open questions are going to be addressed one way or another. Or I guess we just keep bumbling along in some kind of stagnation state.

 

[The Masked Avenger]

Good work Scomo.

He's really throwing the credit card around!!

yep there it is. Saying he did a good thing ( which he did ) and throwing in a negative ( the credit card ).

what else did you expect him to do? This debt is necessary with the circumstances we are facing.

What is your job Mr Quicksilver? I’m thinking something involved with the financial markets?

 

[Quicksilver]

yep there it is. Saying he did a good thing ( which he did ) and throwing in a negative ( the credit card ).

what else did you expect him to do? This debt is necessary with the circumstances we are facing.

What is your job Mr Quicksilver? I’m thinking something involved with the financial markets?

Well he did do a good thing. But yes, we are going to pay for it. And yes, I fully support it.

 

[carcharias]

Well he did do a good thing. But yes, we are going to pay for it. And yes, I fully support it.

do you think we are blind ?

We could all see It.