An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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Friday, January 30, 2009
Q4 GDP -3.8%
Quick details below
Q4/ Y-O-Y GDP -3.80% / 1.30% Consumption -3.50% /0.30% Investment -12.30%/ -5.90% Gov't 1.90% / 2.90% Net Exports NA / NA
how about a java applet or even an HTML tag that is branded with mikenormaneconomics.org containing debt in one box, gdp in another box, and fed revenue ( forex swaps, deposits, bonds, tbills, tax, all revenues ) ????
then display in boxes under gdp and fed revenues, the percentage of debt with respect to these values ...
just like how you embedd statistic logo boxes, or affiliate logo boxes which link off somewhere.
therefore, you would creat a customized MIKE NORMAN affiliate linking ( a nonpayment affiliate ) where we can embed your 1 inch x 2 inch logo with real time numbers.
example : < img src="www.mikenormaneconomics.org/cgi/debtload.XYZ" size=abc ">
where XYZ could be jsp for java, asp for .NET, or other active html page.
then everytime someone visits or refreshes that page on which the logo box is on, then the file on your server "debtload.XYZ" would take the debt number, an approximate monthly number on GDP and Fed Revenue, and then show the % calculation.
the logo would be an invitation to visit your website, yadda yadda yadda
and this could be disseminated with simple html clip to cut and paste into websites.
spread the word on double ledge accounting.
it appears that it is impossible for the USA to grow revenue without SOME debt, and it also looks impossible that the USA cannot reduce debt without reducing revenue.
furthermore : it would be impossible for us to outspend the GDP. IN ORDER FOR US TO DEFICIT SPEND SUCH THAT NATIONAL DEBT IS 40% OF GDP THAT WOULD MEAN THAT THE FED WOULD NOT HAVE MADE ANY RESERVES OR DEPOSITS.
the very act of spending increases tax revenues, ability to do forex swaps, etc ...
you would have to hand over all the spending monies to a foreign entity and by pass the US real economy entirely. however, that would be impossible because of the world economy.
howdy
ReplyDeletedebt vs gdp vs fed revenue
how about a java applet or even an HTML tag that is branded with mikenormaneconomics.org containing
debt in one box, gdp in another box, and fed revenue ( forex swaps, deposits, bonds, tbills, tax, all revenues ) ????
then display in boxes under gdp and fed revenues, the percentage of debt with respect to these values ...
just like how you embedd statistic logo boxes, or affiliate logo boxes which link off somewhere.
therefore, you would creat a customized MIKE NORMAN affiliate linking ( a nonpayment affiliate ) where we can embed your 1 inch x 2 inch logo with real time numbers.
example :
< img src="www.mikenormaneconomics.org/cgi/debtload.XYZ" size=abc ">
where XYZ could be jsp for java, asp for .NET, or other active html page.
then everytime someone visits or refreshes that page on which the logo box is on, then the file on your server "debtload.XYZ" would take the debt number, an approximate monthly number on GDP and Fed Revenue, and then show the % calculation.
the logo would be an invitation to visit your website, yadda yadda yadda
and this could be disseminated with simple html clip to cut and paste into websites.
spread the word on double ledge accounting.
it appears that it is impossible for the USA to grow revenue without SOME debt, and it also looks impossible that the USA cannot reduce debt without reducing revenue.
furthermore : it would be impossible for us to outspend the GDP. IN ORDER FOR US TO DEFICIT SPEND SUCH THAT NATIONAL DEBT IS 40% OF GDP THAT WOULD MEAN THAT THE FED WOULD NOT HAVE MADE ANY RESERVES OR DEPOSITS.
the very act of spending increases tax revenues, ability to do forex swaps, etc ...
you would have to hand over all the spending monies to a foreign entity and by pass the US real economy entirely. however, that would be impossible because of the world economy.
By definition, total production=total income=total spending.
ReplyDeleteRight. It's impossible to outspend GDP because they're all measures of the same thing, only stated differently.
any increase in spending will increate GDP by some factor either 1:1 or hopefully more than 1:1.
ReplyDeletethe only way to bypass increaasing the GDP when increasing spending would be to dig a hole and put that money into so it disappears.
as we saw before, the most "bang for buck" was Foodstamps and other handouts.
is buying gold similar to digging a hole ?
at least putting money into Treasuries strengthens the dollar and increases the country's standard of living.