You will occasionally get ill and may or may not recover and regardless you will die like the 100 or so billion Humans who have preceded us so please go peacefully when it is your time without breaking the economy. Thank You!
This is a solid address if a bit on the soft side. Most people have no idea what the real mortality numbers are in the USA for example and not thinking about them makes life easier for them but 7500 people die everyday in the US and there is a massive population of people with one or more chronic life threatening conditions.
Their departure slightly sooner will be a net benefit across the system and is shortly inevitable in any case so it's not like shutting the economy down buys them eternal youth so resume normal operations and take the casualties, the sick time, and a reduction on the 65 M people well over age 65.
Doctors made a great deal of money promising miracles and have delivered to a degree in some cases but often it is simply an ultra expensive extension of a senescent individual.
No one supernatural or mortal is coming to save them or you so let's not break the economy for what was just one more false promise.
Just thinking about numbers and proposed forward spending by the governments of developed economies for the next 20 years interest rates will fluctuate the zero line in real inflationary adjusted terms. Not that I am proposing it but if inflation was 4% annually you could run with +1% as the goal is to discharge 'old debts' more quickly so new credit can be issued more quickly for new technology investments as well as to fuel current consumption.
Technically there is nothing wrong with minus 5% on interest rates but heavy investments in 21st Century economic infrastructure would add the needed amount of money to the economies without requiring negative rates. The focus must be on investment in projects like a Nuclear and NatGas energy sector as an example as well as all new bridges and the scrapping of ancient jetliners many of which are 18 years old and older and so forth.
Much of the played out 20th Century infrastructure is due for scrapping and here is the opportunity.
Very good article. I suspect the answer is unwillingness to lend. Powell actually EXPECTS others to take on heavy risks on razor thin margins with massive regulatory fines always in the air. My impression of Mr. Powell through his appearances and press conferences is that he is personally extremely risk averse and has the first dollar he ever earned yet looks on astonished when others refuse to throw their own lives away.
Why don't they take his deals? The deals literally stink picking up nickels running in front of the federal steamroller and for what, endless public abuse?
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I'm A Coronavirus Heretic. Here's Why...
Administer morphine by drip.
I'm A Coronavirus Heretic. Here's Why...
You will occasionally get ill and may or may not recover and regardless you will die like the 100 or so billion Humans who have preceded us so please go peacefully when it is your time without breaking the economy. Thank You!
I'm A Coronavirus Heretic. Here's Why...
This is a solid address if a bit on the soft side. Most people have no idea what the real mortality numbers are in the USA for example and not thinking about them makes life easier for them but 7500 people die everyday in the US and there is a massive population of people with one or more chronic life threatening conditions.
Their departure slightly sooner will be a net benefit across the system and is shortly inevitable in any case so it's not like shutting the economy down buys them eternal youth so resume normal operations and take the casualties, the sick time, and a reduction on the 65 M people well over age 65.
Doctors made a great deal of money promising miracles and have delivered to a degree in some cases but often it is simply an ultra expensive extension of a senescent individual.
No one supernatural or mortal is coming to save them or you so let's not break the economy for what was just one more false promise.
The Downward Spiral In Interest Rates
Just thinking about numbers and proposed forward spending by the governments of developed economies for the next 20 years interest rates will fluctuate the zero line in real inflationary adjusted terms. Not that I am proposing it but if inflation was 4% annually you could run with +1% as the goal is to discharge 'old debts' more quickly so new credit can be issued more quickly for new technology investments as well as to fuel current consumption.
Technically there is nothing wrong with minus 5% on interest rates but heavy investments in 21st Century economic infrastructure would add the needed amount of money to the economies without requiring negative rates. The focus must be on investment in projects like a Nuclear and NatGas energy sector as an example as well as all new bridges and the scrapping of ancient jetliners many of which are 18 years old and older and so forth.
Much of the played out 20th Century infrastructure is due for scrapping and here is the opportunity.
Powell Was Warned Last Year: Money Soon…Or Else
Very good article. I suspect the answer is unwillingness to lend. Powell actually EXPECTS others to take on heavy risks on razor thin margins with massive regulatory fines always in the air. My impression of Mr. Powell through his appearances and press conferences is that he is personally extremely risk averse and has the first dollar he ever earned yet looks on astonished when others refuse to throw their own lives away.
Why don't they take his deals? The deals literally stink picking up nickels running in front of the federal steamroller and for what, endless public abuse?