The Economy
blog.samaltman.com
The Economy
1–10 of 270 posts
Re: The Economy
#2[deleted]
Re: The Economy
#3This is creepy.
It's like you counter low GPD growth by 1>high government spending/invesmtent in the economy. 2>low interest rates.
But both of these are already as high/low as it can get and still no response from GDP.
Weird.
Re: The Economy
#4[deleted]
Re: The Economy
#5Q1 2014 GDP growth was -2.9%. There's no minus sign in front of 2.9% in item #1 in the article (I'm using Chrome).
Re: The Economy
#6The defense budget has gotten smaller as a total percentage of the economy since WWII, but the economy was smaller and the entire country was mobilized.
We currently spend over a trillion dollars a year on defense and intelligence. "Entitlements" are not the problem.I love how they are entitlements even though you pay for them...in fact, let's start calling it the social safety net instead.
The main problem is that the wealthy, corporations and individuals, don't pay enough. Cut defense by half and stop letting the wealthy walk all over us and all of a sudden you don't have a crisis.
Re: The Economy
#7He just suggested a basic income for everybody.
I just wanted to point this out in case people missed it when skimming.
Re: The Economy
#8The defense budget has gotten smaller as a total percentage of the economy since WWII, but the economy was smaller and the entire country was mobilized. We currently spend over a trillion dollars a year on defense and intelligence. "Entitlements" are not the problem.I love how they are entitlements even though you pay for them...in fact, let's start calling it the social safety net instead. The main problem is that t…
I thought that they were called entitlements precisely because we pay for them.
Re: The Economy
#9The defense budget has gotten smaller as a total percentage of the economy since WWII, but the economy was smaller and the entire country was mobilized. We currently spend over a trillion dollars a year on defense and intelligence. "Entitlements" are not the problem.I love how they are entitlements even though you pay for them...in fact, let's start calling it the social safety net instead. The main problem is that t…
I thought that they were called entitlements precisely because we pay for them.
They are called entitlements to make people think that some undeserving class is getting over...they think they are "entitled"...is the way that is put. It was done on purpose by conservatives. Its a dog whistle.
Re: The Economy
#10He just suggested a basic income for everybody. I just wanted to point this out in case people missed it when skimming.
" Personally, I think that current levels of entitlement spending are ok (thought maybe the spending should be distributed differently), and we should probably do more. But I think we need to plan for it. In addition to thinking about new sorts of jobs to replace lost jobs that aren’t coming back, we should probably think about things like a basic income."