• Krugminator2's Avatar
    04-21-2021, 08:54 PM
    Sorry I misunderstood. So you want the Federal Reserve to pursue an extremely loose policy to get inflation to double digits so you can have double digit mortgage rates. Makes a lot of sense. Smart take.
    20 replies | 1042 view(s)
  • Krugminator2's Avatar
    04-21-2021, 08:16 PM
    You, interest rate central planner, pulled the number 12% out of thin air for some reason. It seems like your statement is pretty clear. 12% because..... Well.... Who knows... You want 12% because there is something magical about it and something about Paul Volcker. I. free marketer, do not care what the rate of interest is. Ever. Because interest rates are not monetary policy. Interest rates are a market response to monetary policy.
    20 replies | 1042 view(s)
  • Krugminator2's Avatar
    04-21-2021, 07:43 PM
    "Instead of relying on Keynesian policies such as interest rate targeting, Volcker had the Fed directly reduce the growth rate of the money supply, and let interest rates go as high as market forces dictated." https://thehill.com/opinion/finance/473963-remembering-paul-volcker-the-man-who-tamed-inflation Exactly. Which is what I advocate. Markets setting interest rates not central planners. You support a Soviet style system where central planners target interest rates.
    20 replies | 1042 view(s)
  • Krugminator2's Avatar
    04-21-2021, 06:33 PM
    They never aren't honors students and they are always just sweet angels. Getting a great government school education. I am sure the girl shot in the middle of stabbing would have gone on to great scientific discoveries had it not been for the racist police.
    73 replies | 1643 view(s)
  • Krugminator2's Avatar
    04-20-2021, 05:55 PM
    Your quote Quote from Volcker's obituary Volcker didn't cause high interest rates. Inflation caused high interest rates. And interest rates fell ultimately because money became tight enough to slow inflation. A 12% CD isn't inherently helping savers. Venezuela has a short term interest rate of 59% right now. The inflation rate is 500%. High interest rates have no direct connection to whether money is loose or tight. That said, it is usually correct to say high interest rates mean policy is extremely inflationary.
    20 replies | 1042 view(s)
  • Krugminator2's Avatar
    04-20-2021, 11:49 AM
    Money is loose now. M2 grew at 28% over the last year. Inflation and higher interest should follow as more people leave their house. Money was extremely tight coming out of 2008 and stayed fairly tight throughout the last 10 years. M2 grew slowly. Rates were not artificially low. If you are going to talk about interest rates like they are a price, rates were artificially high and the zero lower bound acted as a price floor like minimum wages act as a price floor and prevent markets from clearing. https://macromarketmusings.blogspot.com/2015/10/a-plea-to-my-fellow-free-marketers.html That is factually wrong. As far as Paul Volcker, the most commonly known thing about his monetary policy is that he abandoned the Keynesian/MMT idea of focusing on interest rates and focused entirely on the money supply growth. Literally written in his obituary.
    20 replies | 1042 view(s)
  • Krugminator2's Avatar
    04-20-2021, 10:10 AM
    Your view is the MMT view on interest rates. https://en.wikipedia.org/wiki/Modern_Monetary_Theory#Government_bonds_and_interest_rate_maintenance The high interest rates of the of the late 70s were caused by a dramatic increase in the money supply. High interest rates= easy money Low interest rates = tight money Also helpful reading. https://www.econlib.org/library/Columns/y2013/Hummelinterestrates.html
    20 replies | 1042 view(s)
  • Krugminator2's Avatar
    04-18-2021, 03:01 PM
    Most amusing in all this is this kid's mom has a gofundme. Wonder if people who donate to a gang member who shot at someone will get doxxed and shamed like people who donated to Rittenhouse. So donating to bailout rioters in Minneapolis and donating to a gang member is okay. Donating to a guy fighting domestic terrorism is bad. Got it.
    54 replies | 1184 view(s)
  • Krugminator2's Avatar
    04-17-2021, 04:32 PM
    Underpinning everything is the assumption by the media that Democrats are really good people and anything offensive is just misspeaking and Republicans are racists terrorists and any statement is a dog whistle to stormfront and Nazis.
    6 replies | 305 view(s)
  • Krugminator2's Avatar
    04-17-2021, 02:52 PM
    It takes an extreme intellectual openess or just a random accident to being exposed to good ideas for anyone under 30 to believe in freedom and inherent goodness of free enterprise.
    18 replies | 624 view(s)
  • Krugminator2's Avatar
    04-17-2021, 02:48 PM
    Leftists are unhappier in general. It turns out focusing on all the perceived ills in the world and counting other people's money is a recipe for misery. https://www.sciencedirect.com/science/article/abs/pii/S009265661100170X
    18 replies | 624 view(s)
  • Krugminator2's Avatar
    04-17-2021, 12:00 PM
    1. It was an isolated incident. Saying as such implies Shapiro believes the police were in the wrong, as opposed to more common incidents when criminals are justifiable shot by police. 2. His criticism of Obama had nothing to do with Obama being outraged at what happened to Castile. See point 1.
    53 replies | 1118 view(s)
  • Krugminator2's Avatar
    04-17-2021, 11:39 AM
    Umm... there's this quote. Seems pretty clear. "No clue from this tape how the cop wasn't convicted"
    53 replies | 1118 view(s)
  • Krugminator2's Avatar
    04-17-2021, 11:26 AM
    He mentions Castille once and is saying Castille was wrongly killed and was an isolated incident. He is saying the same thing I am.
    53 replies | 1118 view(s)
  • Krugminator2's Avatar
    04-17-2021, 11:09 AM
    Those are two instances and most people police killings aren't from being killed by asphyxiation. George Floyd was a lifelong scumbag who would be back in prison if he didn't get killed. He put a gun to a pregnant woman's stomach. "Garner had been arrested by the NYPD more than 30 times since 1980 on charges such as assault, resisting arrest, and grand larceny." https://en.wikipedia.org/wiki/Killing_of_Eric_Garner And he died because he was a 500 pound slob. The point isn't that cops don't abuse power. Of course they do. But the cops aren't looking to kill people. Almost all of these killings are avoidable if you follow the law and behave like a civilized human. George Floyd and Eric Garner weren't fighting for freedom and standing up to tyranny. They were scumbags who made a living violating the rights of others.
    53 replies | 1118 view(s)
  • Krugminator2's Avatar
    04-17-2021, 10:54 AM
    I googled three conservatives just now within a one minute time frame with the name Philando Castille to see what they said. Ben Shapiro 877283582602956800 Erick Erickson wrote an entire column on him https://www.macon.com/opinion/opn-columns-blogs/article157551264.html Jonah Goldberg
    53 replies | 1118 view(s)
  • Krugminator2's Avatar
    04-17-2021, 10:46 AM
    Right. I don't know what to tell you. I did. Would be a weird thing to lie about. It is such a rare exception.
    53 replies | 1118 view(s)
  • Krugminator2's Avatar
    04-17-2021, 10:45 AM
    Actually I do know. 14 unarmed blacks were shot in 2019. "the Washington Post’s database of fatal police shootings showed 14 unarmed Black victims and 25 unarmed white victims in 2019." https://www.usatoday.com/story/opinion/2020/07/03/police-black-killings-homicide-rates-race-injustice-column/3235072001/ And of those 14, probably 8 to 10 were justified because it looked like the unarmed person was grabbing a gun or was trying to attack an officer like Michael Brown. These killings are are a rounding error. Lightning kills 49 people a year. Cops wrongly kill about 5 black people a year. March against the real killers- lightning strikes.
    53 replies | 1118 view(s)
  • Krugminator2's Avatar
    04-17-2021, 10:36 AM
    When I say no one, I am assuming I am not talking to an autistic who is taking that statement literally. Basically no one. The overwhelming majority of people on the right who thought Castille was wrongly harmed.
    53 replies | 1118 view(s)
  • Krugminator2's Avatar
    04-17-2021, 10:15 AM
    Wasn't an allegation. It is a fact. They have her on video. It is the whole reason the raided her place. And of course, drugs should be legal and these raids shouldn't happen. But they are illegal so don't get involved in them. Right. Because it happens at a very tiny rate. You are talking about maybe 5 or 6 instances a year in a country of 340 million.
    53 replies | 1118 view(s)
  • Krugminator2's Avatar
    04-17-2021, 10:08 AM
    Actually I see no people criticize that guy. I actually used him specifically as an example in my post responding to the 7 year old as the exception and edited it to make shorter. The reality is that guy is a rare case. Michael Brown, Adam Toledo and the other examples I listed are the rule. Do you how I know that? Because if there were better martyrs, then the activists would hold them up. Instead you have Jacob Blake being held up as a hero. In almost every case of national prominence the person being killed by police is a degenerate.
    53 replies | 1118 view(s)
  • Krugminator2's Avatar
    04-17-2021, 09:34 AM
    Those are the rare exceptions. The rule are the people I listed. Another example I forgot is Breonna Taylor. Maybe don't date and transport money for drug dealers and you won't be in a position of being raided. That isn't a big ask. People who do well in school, pull up their pants, aren't covered in tattoos, and who aren't belligerent with police don't have problems in life. Police aren't shooting them. Of course people have the right to look like they are in the Crips. They can angrily argue with police. They can rob stores. And they should not get shot by police. But they are opening that door. Maybe white people don't get shot in those situations. But that shouldn't be the focus. In virtually every instance of police shootings, the person shot opened the door to getting shot by making poor decisions.
    53 replies | 1118 view(s)
  • Krugminator2's Avatar
    04-17-2021, 07:57 AM
    Pro tip: A good way not to get shot by the police is to not a fire a gun in a city at 2:45 AM and then run from the police while holding it. I feel like if I were black the odds of me getting shot by the police would be zero percent. You ever notice that almost everyone (not all) of these people killed by cops is a complete life screw up. For example Michael Brown, Lil Homicide, George Floyd, the people in the Charlotte and Milwaukee shootings that lead to riots, that guy in Atlanta shot at the drive thru out on parole, etc. It is never "Black neurosurgeon randomly shot by police while leaving the golf course". That story doesn't exist. It's More like "23 year old who has been in and out of jail seven times who just robbed a 7/11 and was fleeing police shot while turning around" Maybe police could handle those situations better. But when they happen all day every day in every big city, these kinds of things are going to happen.
    53 replies | 1118 view(s)
  • Krugminator2's Avatar
    04-16-2021, 07:59 PM
    This guy would be an almost ideal opponent for Rand. Not only is he is extremely progressive but he is aggressively pushing Puerto Rico and DC statehood as well as court packing. Not the kind of Dem Kentucky would consider. Will lose by 25 points. https://mobile.twitter.com/Booker4KY/status/1380635885318856705
    5 replies | 590 view(s)
  • Krugminator2's Avatar
    04-15-2021, 03:14 PM
    Central banks don't directly determine interest rates by price fixing. Central banks control inflation. And the rate of inflation determines interest rates. 12% mortgage rates implies double digit inflation. So you basically are demanding super easy money from the Fed. And if you are having trouble comprehending this you should move to Argentina. You can get 40% CDs there. You would really be in heaven.
    20 replies | 1042 view(s)
  • Krugminator2's Avatar
    04-11-2021, 08:01 PM
    Condo prices in Puerto Rico have gone up like a short squeeze the last few months. Probably a combination of reasons but hard to not think the flood of liquidity isn't a big enabler.
    9 replies | 383 view(s)
  • Krugminator2's Avatar
    04-10-2021, 02:41 PM
    Democrats and Republicans have built their entire political strategies on bribing voters. Republicans use tax cuts but no spending cuts. Democrats cater to unions, trial lawyers, letting people default on student loans, affirmative action, reparations, etc. This whole replacement thing Tucker Carlson is in is not controversial to anyone with a functioning brain. Democrats were anti-immigrant for 70 years. The reason was unions were against immigration because they believe more workers drive down wages. Now that unions have less power, the Democrats made a bet on changing demographics through Hispanic immigration. Democrats love to cite the Preamble of the Constitution about general welfare. What's amazing about that is the guy who wrote it was Gouverneur Morris and he HATED democracy and welfare. He didn't think the Constitution went far enough in only letting property owners vote. He thought a person who worked for wages and who wasn't a business owner shouldn't be allowed to vote.
    29 replies | 827 view(s)
  • Krugminator2's Avatar
    04-10-2021, 07:26 AM
    That's right. P. Diddy isn't stupid. It is similar to the way Democrats frame the Georgia law as racist and anti-democracy. Costs them nothing. The disgrace is the media and corporations who automatically accept the premise
    29 replies | 827 view(s)
  • Krugminator2's Avatar
    04-09-2021, 10:00 PM
    P. Diddy is really really stupid. It makes no sense that 15% of marketing dollars should go to black owned media outlets. Black owned media outlets are probably .1% of the total media market. Lighting money on fire by advertising with companies that no one reads seems like a really bad strategy. I have never in my life heard of Revolt. And the fact that P. Diddy is shitting on an advertisers is something else.
    29 replies | 827 view(s)
  • Krugminator2's Avatar
    04-06-2021, 05:46 PM
    John Oliver is horrible and dishonest and this piece is no different with his smears against Cruz and Mick Mulvaney. That said.... Debt and deficits can influence inflation, but ultimately monetary policy entirely determines inflation. Japan had deflation running the biggest deficits in world history because money was extremely tight. The problem with government spending is it consumes resources and changes incentives and slows long term growth. But the current big spending probably isn't going to end in calamity. It is far more likely to end in a period of perpetually slow growth with high interest rates and high taxes.
    22 replies | 775 view(s)
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