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Everything posted by Muda69
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MIC Powershift Away From BD/WC Gaining Speed
Muda69 replied to a topic in The Indiana High School Football Forum
How much is Coach Ralph, and especially his staff, getting paid for all this off-season work? -
The COVID-19 Economic Collapse Is Absolutely Wrecking State Pension Systems https://reason.com/2020/04/24/the-covid-19-economic-collapse-is-decimating-state-pension-systems/ Sorry, I shouldn't have to have the federal taxes I pay go to cover the failures of the public pension programs in other states. They should succeed or fail on their own merits.
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Who here on the GID has ever taken the recommendation of a sitting POTUS to heart, and actually acted on that recommendation? https://www.cnn.com/2020/04/24/politics/donald-trump-coronavirus-disinfectant-sunlight-science/index.html Hmm. Mr. Trump is a moron, but I don't see this quote as a "recommendation" that an individual ingest disinfectant into their lungs. TDS
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The Destructive Effects of the Coronavirus Relief Package https://mises.org/wire/destructive-effects-coronavirus-relief-package Today, the policy of printing new money to hold up an economic and financial system that cannot last is being pursued again—as it has been in the past, on many occasions. The question is not whether money will lose its purchasing power. It is just a question of how much and how quickly. The best-case scenario is that the economic slump will be overcome quickly and, as a result, central banks will not have to monetize too much debt and issue too much newly created money. But even then the underlying problem will not be solved; it will merely be postponed, because the government-controlled unbacked paper money system will predictably lead to ever greater amounts of debt on the part of entrepreneurs, consumers, and, most importantly, governments. At some point, debtors will no longer be in a position to service their debt. This is the point at which the unbacked paper money system collapses altogether through payment defaults, or when governments begin to issue ever greater amounts of money in a last-ditch effort to fend off the inevitable. That said, economies that have become addicted to unbacked money will, at some point, be confronted with a “recession-depression” à la 1929 or a German hyperinflation à la 1923. Meanwhile, however, governments and central banks’ mega–bailout programs may very well succeed in keeping the artificial boom going—that is, in transposing the approaching economic and financial bust into yet another boom, thereby preventing the system from collapsing. One thing, however, is certain: the official currencies—be it the greenback, the euro, Chinese renminbi, or the Japanese yen—will most likely lose their purchasing power. The truth is that they have never been a reliable means to store wealth—and never will be.
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Best “Front Man” of All Time
Muda69 replied to Bobref's topic in Gridiron Out of Bounds's Out of Bound Forum