You know that scene in The Big Short, when after the collapse there's a distinct vibe of "man that was so obvious, how were people so impossibly stupid?"
— Erik Voorhees (@ErikVoorhees) May 3, 2024
If you are loaning money to the Federal Government (ie if you own government bonds), the *only* reason you should feel… https://t.co/KgutE7xeIv
Prof Kelton agrees and says we’re borrowing…
ReplyDeleteI don’t see any dichotomy between Bernstein and Kelton..
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ReplyDeleteSo the Prof asks question “why are we borrowing?” then Bernstein can’t answer it… so what?
ReplyDeleteThey both agree we are borrowing…
It’s just the one asks why and the other doesn’t know…
How is this helpful?
Is this the whole movie?
It's a setup question.
ReplyDeletePresent in one's own terms and then see how they cannot explain their framework.
ReplyDeleteWhy are we paying these people again?
ReplyDelete