The first rule of forecasting is that all forecasting is wrong. You cannot predict the future or the behavior of people. A forecast should try to get as close as humanly possible to the actual result, which clearly isn't happening.
Well our currency has to be backed by something of worth, else it's simply a piece of paper. Money is seen as something either inherently valuable or backed by something considered valuable. In regard for the GDP issue, I can't answer that problem in regards to material backed currency. I'm admittedly going with the basics I've learned and just want to learn a bit more through some conversation.
True. At least in the short term, material based dollars are more volatile. But what about the long term? Nations don't last in the same state forever. Even the United States can't last forever. Several empires have fallen, but the idea that gold and silver have worth has remained. But again, those empires used inflation by chipping the gold and silver coins, making worth more volatile. I guess there's a bit of a trade off between stability and longevity then between the different types of backing, if I'm thinking about it correctly.
But he clearly disagrees with the idea of at least silver being backed. I'm going to assume that he doesn't want anything more valuable than silver being used. I'm also assuming he disagrees with the use of bronze backing, as that has its own problems with use. Those would include what most money historically has had for physical backing. Again, I simply want to see a bigger picture, and he could have a third option I'm not thinking about.
Out of curiosity, why do you think the current way of backing currency is a good idea? Personally, I see more reason behind the idea of some physical backing of money rather than notes based on the full faith and credit of the U.S. government, but apparently people such as yourself disagree. I see basing money on a government rather weak in event of a crisis, which could lead to runaway inflation. Then again, it's not like physically based currency is inflation-proof either. A government's word may not always have a sense of worth to everyone, but materials will at least have some worth. Just a few of my thoughts about the matter. Tell me what I'm missing.
The US dollar is going to be more worthless than it already is, isn't it? I would say it might be time for the US Treasury to issue a new currency, but no one in government seems to understand the concept of not spending excessive amounts of money so I'm not sure how long that would save us. We're going to need an amendment to stop Congress from getting us into debt. Still, if the current currency is going to go under, might as well try to solve infrastructure. The word "try" might be the key word in that. Next currency I say we go back to the gold/silver standard and ditch the Fed.
Dear Crazy Jim Acosta,
You're not even safe from embarrassment in your diary, Jim. Stop spreading fake news!
Lots of love, Don
While not surprising in the slightest, this is completely infuriating. As the article says, the government can suggest that churches close down, and I'd even say it's a good idea for churches to temporarily close down (I don't like it and miss receiving the Eucharist, but still). However, deBlasio has no right to say that they'll permanently close churches, and Trump himself should tell deBlasio to back off or else deBlasio is arrested for violating the 1st Amendment. Regardless, I imagine once Bill becomes a good commie, he'll regret his decision.
I don't know anyone personally, but I do know my university had a few cases, primarily in the study abroad program. Considering I was in the study abroad program, I've been keeping myself as isolated as possible, even though I don't have any symptoms.
There's a great solution to this. Completely isolate China from the US and get other countries to follow. No US companies deal with China. No Chinese products enter the US. High restrictions on Chinese visitors (which would probably include no Chinese-born students in US universities or Chinese-born workers in important companies). With that, the communists will die out, and we can deal with a new Chinese government depending on what the Chinese people decide to do.
Remember, the Dems are willing to trash our airlines so us "commoners" don't have the ability to fly. They'll just have their own personal flights while the rest of us are stuck to the ground in the name of "reducing carbon emissions."
Sun needs to be replaced with a pic of Trump's head, then this will be perfect.
Can't upset the Communist overlords! The Leftist Handbook calls for censorship and lies at this time, but then again when does it not call for it?
No, what is second. Who is first.
If he wants to make sure the country doesn't have an economic meltdown and that people don't die, why does he support a system of government that causes an economic meltdown and people to die?
I was going to be in Ireland today as part of a study abroad. Instead I'm back in the US due to coronavirus. I guess now my job is to share what I learned about the Irish to my friends and family while eating a potato.
These are the same people who say that the government health care, which is currently leaving the elderly without coverage in Italy, works.
While I get the concept behind it, why not let the restaurants and people decide what to do? Personally I’m not the biggest one in my family to ask to go out and eat, but I know some people are more reliant on outside food for one reason or another. Instead, why not ask restaurants to move more towards take out during this time? As others mention, this can only crowd the stores during a time where we don’t want that!
Yes, because prayer and action are two things that can never go together. Trump is doing more in a day than she's done in her life. I see both prayer and action as necessities to get through this. As a Catholic, I've always known faith and works, which comes to play here quite well. Prayer inspires action and helps protect the souls on their way to God. Naturally, a commie would never understand either prayer or action because commies never do either throughout their entire lives.
If they haven't mentioned it yet, Stephen King beat them to it.
As a US citizen coming home from a study abroad program (Ireland, very low numbers but you never know what other students have), I'm happy to hear about all of the measures Trump is taking. I don't expect to have come in contact with the disease, but I know I'll receive good treatment if I end up showing any symptoms.
You'd think it'd be the opposite, with them telling the young to just stay home while they have it and prioritizing those who are affected the worst by the disease. Add this as another reason for why government mandated doesn't actually work.
Isn't this the equivalent of China killing the goose that lays the golden eggs? If they really want us to leave, we will leave and take everything with us. Considering Communist China relies on American businesses to actually survive, this seems really stupid for them. But please, let them go ahead and say that they'll no longer give us medical supplies. We'll simply just leave the communists to starve, like we should have been doing all this time.
The media's trying to push a narrative of how this will kill everyone off. While current death rates are higher than influenza, there are also significantly less cases of coronavirus than influenza. Not to mention that most cases are still ongoing. That's not to say that there isn't a risk for older people and those with weak immune systems, but I would say they should be prepared for the coronavirus in similar ways that they prepare for flu season in general, with perhaps a bit more caution in traveling. Overall, it's overblown for the majority of people. Come back during the summer and see what the rates are like. That may be a bit more accurate than the numbers we have now.
Ultimately, the greatest level of care falls under personal responsibility. Everyone takes precautions based on their own needs (such as the elderly or those with weak immune system keeping themselves away from the infected). The Wuhan coronavirus (fight me China) will spread as any other disease does. Anything created by government will be more long term rather than short term. While Trump can and has done some short term things to help, the bigger stuff goes through Congress. In the meantime, companies should ensure their supply chain isn't overly disrupted. As long as people don't completely panic over this, we will be fine.