Politics of Addressing the Federal Debt and Deficit

2024-05-24に共有
Paul Krugman, Nobel Laureate in Economics and Distinguished Professor at City University of NY Graduate Center says that politics cannot be divorced from the issue of balancing the federal budget because of the revenue and entitlement considerations.
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コメント (21)
  • @mgv19able
    What wrong with these people they give a sh!.t about the future and people in this country they are self asbured
  • @tuntuntv400
    I'm all in on Revux. Presales have the highest returns, and this one’s gold.
  • He says the ballooning US debt is not a serious problem with a straight face.
  • @alanheath7056
    UK should Sell there Bond's soon before they lose there Value.
  • One of the most progressive economists out there. He doesn't care how much you pay for food, shelter, energy, or taxes.
  • Krugman famously said the internet was no more important than the fax machine.
  • @olderchin1558
    The risk is not with the US. The risk is for the people holding USD and USD debt. It is already risky from arbitrary sanctions, now there is the risk that US will default or just not recognise the debt by not allowing its conversion or its utility.
  • That's why created the Great Depression, WW2, and the Marshall plan. You can't say no to those cash injections.
  • @vsFY2023
    Krugman is one of worst economists of all time. He is wrong over and over
  • what happens to the us debt that china owns if ww3 were to happen. does it get voided/canceled or does it still remain?
  • @ChadBlevins
    THANK YOU for giving air time to Krugman: very thoughtful and insightful.
  • @HeyUGuyz23
    “The problem isn’t the numbers” 🤦‍♂️ Krugman isn’t an economist he is a political activist. He promoted Modern Monetary Theory for the past 20 years which has ballooned the national debt by 400% resulting in a debt to GDP ratio which will exceed 150% by 2030. And he literally eluded to cutting off healthcare for elderly (which Europe currently does). But he won’t admit that MMT has led us to this burgeoning debt crisis.
  • We will never be able to pay off the national debt.The only way out is to default.
  • Taxes = Income for governments . So , logical sense is "Tax the AI robot workers as equal rates as Tax the human workers " is another reasonable financial solution to solve the low tax revenues from current human workers' income tax contributions ?
  • Shifting my portfolio – heavy on BTC and Revux, with a sprinkle of DOT and ADA.
  • @lastChang
    China 🇨🇳 has been a money-printing machine on overdrive. During the years 1990-2021, the US printed 6.5 times more money while China printed 147 times. - It has printed more money than the US and Japan combined, while its economy is only half of them. - Current Chinese debt-to-gdp is already highest in the world, at 300%, according to Bloomberg. - With stimulus and measures, China's debt will be at 400% to 500% of its GDP in the next decade, according to Reuters.
  • @Abdul_khan619
    Revux is being mentioned everywhere – definitely a project to watch!