Not BE Reread, yet it IS! (isn't it?)

[Mark Kohut]

It isn't Ignatious, it's Yglesias and his point is not about all that....

Biden has already changed some of the dynamics....

Otherwise, I'm not engaging since this is a good BE Read and everyone's
interpretative analyses may differ.

On Fri, Nov 12, 2021 at 10:21 AM Joseph Tracy <brook7 at sover.net> wrote:

>
> > define “imaginary money.”
> Basically when money is released into circulation that has no
> corresponding economic growth/new value. Many economists from different
> political positions and economic biases have questioned the benefits of
> Quantitative Easing as a solution to any and every sign of economic
> faltering. Already China and other countries are pulling away from the
> dollar  and Tbills as overvalued.  Tying up metals as markers of wealth
> seems like a waste of gold, silver, whatever as highly useful and
> decorative material. But people  around the world buy gold against
> inflation and it works pretty well. Also indebting the tax base to ever
> increasing military budgets is draining value from currency at a time when
> ecological threats far far outweigh military threats.  Passive solar houses
> and business buildings are a far better hedge against inflation than
> truckloads of high tech weapons that lose wars.  Locally grown food and
> locally made necessities the best hedge agains attenuated  fossil fuel
> dependent supply lines.
>
> IMO Ignatius is fantasizing if he thinks Biden is going to challenge the
> oil companies. Look at COP; look at the pipelines. The dollar = oil.
> Food is grown with fossil fuels, delivered with fossil fuels, wrapped in
> fossil fuels and converted into debt measured in fossil fuels.
>
>
> > On Nov 12, 2021, at 9:12 AM, David Morris <fqmorris at gmail.com> wrote:
> >
> > Please define “imaginary money.”
> >
> > Like, as opposed to gold or something?
> >
> > I can’t wait for this…
> >
> > David Morris
> >
> > On Fri, Nov 12, 2021 at 8:54 AM Joseph Tracy <brook7 at sover.net <mailto:
> brook7 at sover.net>> wrote:
> > Maybe not price gouging but when goverment pumps tons of imaginary money
> into the economy it starts to lose value. Quantitative Easing was the
> phrase.
> >
> > > On Nov 12, 2021, at 7:12 AM, Mark Kohut <mark.kohut at gmail.com <mailto:
> mark.kohut at gmail.com>> wrote:
> > >
> > > Love in the Time of Web3, Pynchon is smiling when he saw that....
> > >
> > >
> > > <https://twitter.com/mattyglesias <https://twitter.com/mattyglesias>>
> > > Matthew Yglesias
> > > @mattyglesias
> > > <https://twitter.com/mattyglesias <https://twitter.com/mattyglesias>>
> > > ·
> > > 12m <https://twitter.com/mattyglesias/status/1459126609521295389 <
> https://twitter.com/mattyglesias/status/1459126609521295389>>
> > > Agree with Robinson — you can’t take the politics out of politics!
> Biden
> > > should also investigate price-gouging and anti-competitive behavior by
> > > retail gas stations and have the FTC ask if cartel-like behavior by oil
> > > company shareholders is restraining supply.
> > > --
> > > Pynchon-L: https://waste.org/mailman/listinfo/pynchon-l <
> https://waste.org/mailman/listinfo/pynchon-l>
> >
> >
> >
> > --
> > Pynchon-L: https://waste.org/mailman/listinfo/pynchon-l <
> https://waste.org/mailman/listinfo/pynchon-l>
>
> --
> Pynchon-L: https://waste.org/mailman/listinfo/pynchon-l
>