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 Post subject: Re: Does anyone care about the economy?
PostPosted: Thu September 23, 2021 12:13 am 
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TIER 1 Essential Critical Infrastructure Worker
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I didn’t realize realize the debt ceiling was a relic from World War I.


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 Post subject: Re: Does anyone care about the economy?
PostPosted: Thu September 23, 2021 2:15 am 
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Biff Pocoroba wrote:
I didn’t realize realize the debt ceiling was a relic from World War I.

What did you think they were fighting for?

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 Post subject: Re: Does anyone care about the economy?
PostPosted: Thu September 23, 2021 3:04 pm 
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Rangi Guy wrote:
Biff Pocoroba wrote:
I didn’t realize realize the debt ceiling was a relic from World War I.

What did you think they were fighting for?

:lol:

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 Post subject: Re: Does anyone care about the economy?
PostPosted: Sat October 02, 2021 4:17 pm 
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The answer to the thread title appears to be a big, resounding "no" from the Biden nominee:

https://www.wsj.com/articles/comptroller-of-the-economy-saule-omarova-joe-biden-nominee-11632937029

Quote:
The Cornell University law school professor’s radical ideas might make even Bernie Sanders blush. She graduated from Moscow State University in 1989 on the Lenin Personal Academic Scholarship. Thirty years later, she still believes the Soviet economic system was superior, and that U.S. banking should be remade in the Gosbank’s image.

“Until I came to the US, I couldn’t imagine that things like gender pay gap still existed in today’s world. Say what you will about old USSR, there was no gender pay gap there. Market doesn’t always ‘know best,’” she tweeted in 2019. After Twitter users criticized her ignorance, she added a caveat: “I never claimed women and men were treated absolutely equally in every facet of Soviet life. But people’s salaries were set (by the state) in a gender-blind manner. And all women got very generous maternity benefits. Both things are still a pipe dream in our society!”

....

In a recent paper “The People’s Ledger,” she proposed that the Federal Reserve take over consumer bank deposits, “effectively ‘end banking,’ as we know it,” and become “the ultimate public platform for generating, modulating, and allocating financial resources in a modern economy.” She’d also like the U.S. to create a central bank digital currency—as Venezuela and China are doing—to “redesign our financial system & turn Fed’s balance sheet into a true ‘People’s Ledger,’” she tweeted this summer.




How are we here?

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 Post subject: Re: Does anyone care about the economy?
PostPosted: Sat October 02, 2021 4:38 pm 
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You didn't graduate from Moscow State?

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