Wednesday, February 17, 2021

My new podcast episode is out.

11 comments:

Matt Franko said...

Yeah BOE going negative to “compete!” with EZ which is already negative...

(Mike you may want to look at GBP/EUR)

But then you have to consider US will have to go negative to “compete!” too...

These people don’t want their currency “overvalued “... this is the way those people think......

If Japan is negative, BOE is negative, ECB is negative... NO WAY IN HELL that Fed doesn’t go negative too... to “compete!”...

This the way these people all think.., ie morons.,,

Matt Franko said...

BOJ is -0.1%

ECB is -0.50%

BOE ready to go negative...

NO WAY IN HELL Fed doesn’t go negative..,

Then AUS will go negative... if BOE and Fed are negative NO WAY IN HELL Australia doesn’t go negative... then maybe Canada...

iow Canada after Australia...

Matt Franko said...

Then China and Russia at some point bringing up the rear....

Peter Pan said...

Joe Manchin is a moderate republican. As Thomas Sowell said, the minimum wage is zero.

Peter Pan said...

Dwayne "The People's President" Johnson.

I'd like to see Stone Cold Steve Austin run for office. Government should be entertaining.

Matt Franko said...

Trump already was in WWE...

Peter Pan said...

He was in the entertainment industry. It's an elite industry. We, the proles, are its customers.

Matt Franko said...

I don’t watch it...

Peter Pan said...

We just watched a 4 year installment.

Andrew Anderson said...

But then you have to consider US will have to go negative to “compete!” too... Franko

Negative rates are only natural and just for the inherently risk-free debt of a monetary sovereign - to avoid welfare proportional to account balance.

That said, individual citizens should be shielded from negative to a reasonable account balance and/or compensated for it via an equal Citizen's Dividend.

Andrew Anderson said...

Our economic system is inherently unjust, Franko, which any mature Christian who takes the Bible seriously should know.