tag:blogger.com,1999:blog-8358039.post2448051181987952919..comments2024-03-25T15:17:04.488-07:00Comments on Captain Capitalism: Accounting for Inflation as a TaxCaptain Capitalismhttp://www.blogger.com/profile/05620212946121617985noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-8358039.post-16721153571876436112015-09-10T23:54:45.008-07:002015-09-10T23:54:45.008-07:00@Chief Renzo,
Maybe worthless college is that exp...@Chief Renzo,<br /><br />Maybe worthless college is that expensive. Maybe $1 Million per student is the opportunity cost to the economy as a whole for worthless degrees, under employment and lack of GDP growth due to struggling with student debt etc.<br /><br />Perhaps Mike Rowe is on to something about trade school. This would put people to work directly so they could save and then go back to university later on in a STEM degree.<br /><br />For example, right after high school you could go to trade school and become an electrician. Then go to work and earn money. You save the money as you gain experience as an electrician and climb up the employment ladder and earn a higher pay.<br /><br />You study math and electrical science at home on the evening after a day's work. A decade later you have savings and you go to university to earn a degree in electrical engineering. You come out with your degree at age 35 with no debt and a house fully paid.<br /><br />By then, employers take you seriously and you can start working as an electrical engineer. At 40 you start your own electrical engineering consulting business etc.<br /><br />Aaron Clarey did both, study full time and work full time. I would not have done that. I would have gone to trade school, then work full time and save and then go back to school full time.<br /><br />If you're not going to be taken seriously before 35, you might as well go to trade school and work as a tradesman from 19 to 30. Then from 30 to 35 you earn a university stem degree. And then at 35 you can start a new career.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-87566035619935443062015-09-07T14:17:07.197-07:002015-09-07T14:17:07.197-07:00You must have a decimal place wrong. 3.2 billion d...You must have a decimal place wrong. 3.2 billion divided by 3000 students is over 1 million per student. I don't think college is that expensive yet. Anonymoushttps://www.blogger.com/profile/06936654662390670950noreply@blogger.comtag:blogger.com,1999:blog-8358039.post-70613389433270737962015-09-05T11:24:14.858-07:002015-09-05T11:24:14.858-07:00You mention Apple's off-shore cash deposits. ...You mention Apple's off-shore cash deposits. Can you elaborate on what the impact on our economy would be if they were to decide to repatriate all of that cash at once?<br /><br />I understand that in the current environment it would result in a windfall for Uncle Sam. But unloading all that cash into the US economy would have to have some impact, no?brianhttps://www.blogger.com/profile/13690783897664198854noreply@blogger.comtag:blogger.com,1999:blog-8358039.post-47086652526739051282015-09-04T20:57:25.157-07:002015-09-04T20:57:25.157-07:00Yes, inflation is a tax, but you forgot to discuss...Yes, inflation is a tax, but you forgot to discuss what it is a tax on, and that is savings. If you have a negative net worth, then inflation is is actually income redistribution to you. Not that I would recommend living life with negative net worth, since that comes with its own costs, but if you can get someone to lend you money for less than inflation, score.Milliehttp://rationalhomelife.com/noreply@blogger.comtag:blogger.com,1999:blog-8358039.post-37722040731247442022015-09-04T20:48:27.827-07:002015-09-04T20:48:27.827-07:00In a market economy production is the hostage of d...In a market economy production is the hostage of demand.<br /><br />Why should the capitalists produce if the masses are too poor to purchase this production ? You produce to meet demand.<br /><br />A country cannot produce much stuff if the consumers cannot buy it.<br /><br />Inflation is an increase in the money supply. --Murray N. Rothbard<br /><br />Before you single out the FED, know that the biggest source of inflation is fractional reserve banking and consumer credit. The principle that the bank can loan 9 times more than the deposits. In times of economic growth inflation is catastrophically high.<br /><br />Right now, toxic assets are protecting us from inflation, banks are more stingy and are sitting on the FED's Quantitative Easings to offset the toxic assets.<br /><br />Mass poverty in the USA and in the western world is protecting us from inflation. People are saving more, borrow less and cannot spend what they don't have.<br /><br />Plus, the Saudis are printing oil which effectively turns the US dollar into an oil standard. I suspect that the Saudis are so invested in the US economy that they have more wealth in dollar denominated assets than they have in crude oil reserves. I suspect that their oil dumping is a move to protect their dollar denominated assets and not intended to compete against the shale oil.<br /><br />Inflation will come back to devour us when the economy takes off again. Unless a cheap and abundant source of energy is discovered and massively applied to the market, the next boom will lead to hyperinflation.<br /><br />The USA has every incentives to flood the markets with oil, including Iranian and Russian oil, in order to protect the value of the US dollar.<br /><br />Cheap energy means that producing and distributing stuff is cheap and therefore the dollar can buy more stuff and has a high value despite quantitative easings.<br /><br />Saudi flooding and soon Iranian flooding and Russian flooding is absolutely necessary to avoid a hyperinflation of the US dollar.<br /><br />The USA will have to realize that they need Russian oil more than they can imagine. They cannot sanction Russia nor Iran into not selling their oil, the value of the US dollar depends on it.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-5231256950341910762015-09-04T16:10:12.620-07:002015-09-04T16:10:12.620-07:00 More than 3,000 former Corinthian College student... More than 3,000 former Corinthian College students will have their college loans erased, the first wave of debt relief tied to the collapse of the for-profit higher education chain. The potential cost to taxpayers if all Corinthian students seek relief: $3.2 billion. http://finance.yahoo.com/news/students-ask-education-department-discharge-144306762.html heres a link that you will piss you off and I will enjoy the decline.coolstudnoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-42743031798037546652015-09-04T09:55:45.417-07:002015-09-04T09:55:45.417-07:00An additional point that you might touch on that I...An additional point that you might touch on that I still do not really understand is: When doing income/valuation projections, the appreciation of assets is taken into account but inflation is not. It would seem intuitive that these two would roughly cancel each other out. I think it has to do with the anticipated increase in purchasing power of a unit of currency due to general increases in efficiency across all sectors. A while since I have thought about it though, so I could be talking through my hat and it may be different in the States. Anonymousnoreply@blogger.com