Recent content by boneyard bill

So you want US to do something about crony capitalism in Africa. What about here at home? We have the same problem in this country only it is much bigger over here because there's so much more to steal. Africa will not become wealthy because Westerners will invest so much money there. They will...

You're probably not the only one who should study some economics. I just suggested that because of inaccurate statements that you made. Of course, individuals can exchange currencies but the in larger scheme of things that is trivial and would be extremely inefficient. I suppose you want to...

I'm not claiming that the language is unintelligible. The claims simply make no sense with respect to the facts. There were a lot of things I didn't like about Reagan, and their probably more things I don't like about Marco Rubio but calling them morons is, itself, idiotic. Why do people like...

I've got to side with the Brit's here. Their biggest mistakes since unloading their empire has been when they followed the US lead. We weren't forced to move in where the British left.

So he acknowledges that economics is about efficiency. If it isn't about efficiency, it isn't economics. What he has here is political theory or perhaps social theory. Meanwhile, he wants us to educate our students to be better entrepreneurs. Has he really looked into how many entrepreneurs were...

Why don't you study a little economics before posting here. The reduction in holdings isn't the important point. No is buying any. US citizens can't buy them because the savings rate is this country nearly zero. So foreigners have to buy then and they are not. All currency transactions go...

This post is too incoherent to respond to.

I can't make any sense out of the first half of your post. Regarding the second part, you seem to be unaware that approximately half of all dollars are held overseas. If people quit using them the dollar will fall precipitously relative to other currencies. Of course, those dollars are mostly...

I have already responded to these points, most of them many times.

I don't see your point. Yes, unemployment was high when Reagan took office but it declined throughout his term according to your own chart. Maybe it continued to rise in his first year, depending on how you read the chart, but that would be an economy inherited from Carter. Meanwhile you have...

Who ever said we have to pay back our debts? The question is how long will the world agree that the dollar has value? Why are they no longer buying our debt. The last figure I heard was that the Fed was purchasing 70% of the new US debt. China is slowly selling off her US Treasuries. Does that...

If you want to dispute the numbers, provide some evidence. The claim that I have been predicting doom for years is a misrepresentation of what I have said. What I said before Obama was re-elected is that we would have another downturn that would be worse than 2008, and that it would occur during...

I'll confess that the numbers that I used are probably a year or two out of date, but that is insignificant insofar as it serves to illustrate the problem. Nonetheless, you still refuse to do the math so it is you, not I, who is trying handwave the problem away. As for the other actions...

By 1984 the economy was growing at a 7.5% clip. Reagan won re-election by a landslide. He won 49 states. Unemployment was low and declining. The Contra thing was probably a bad idea, but nothing compared to Vietnam or the Gulf War or the Kosovo War or the Iraq War. Indeed, Obama has us far more...

I agree that we don't ever have to pay off the debt. As long as everyone who buys Treas. bonds is convinced that THEY will get paid, they will buy them even though it isn't possible for us to redeem ALL of the debt. So it's a matter confidence. But we're running into a little problem. No one is...