So, basically there's not chance the economy will survive, right?

So, basically there's not chance the economy will survive, right?

Is pure math, and politicans can't win over math, right?

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We'll be fine. Money as basically an abstraction at this point, especially USD.

Reminder that econ is pseudoscience.

the guys that knows what is really going on are called conspiracy by the (((mainstream economics))).

youtube.com/watch?v=_HFYNkDmKkM
Those guys are being called the system a scam that will collapse.

You don't understand the difference between public and private debt, do you ?

Don't worry, capitalism is only a stepping stone to reach the true goal. We are already close to having virtually infinite energy via solar power. We are already developing synthetic food which we will be able to produce using our infinite energy. Then we will create robotic catgirls or genetically engineered catgirls for sexual pleasure. Then artificial wombs which we can put into our catgirls and then we are done. We reach post-scarcity. A society in which we have so many resources that money loses all value and we live in semi-communist states in which all power is consolidated as influence. Everyone will have everything but we will all understand that our wealth stands on top of a huge and complex societal structure and to be sure it doesn't get broken everyone needs to be politically concious and responsible with the management of our infinite resources.

I can't wait. Also, what would you guys prefer?

1) We genocide all women after we have catgirl sexbots but before we have artificial wombs

This would be fun because then we would be put into a timer on how fast we can develop the artificial wombs. I bet if we all get drunk one night we would choose this and then next day start an engineering revolution that would change the world forever. Or:

2) Play it safe and genocide women after we have the artificial wombs

While this would be the smart option,it would also be boring. It is too safe. I think we all love a little excitement in our life huh? So when should we genocide women?

> debt is bad

econ plebs actually believe this

hss.caltech.edu/~camerer/SS280/DiamondAER65.pdf

>So, basically there's not chance the economy will survive, right?
Nobody knows. We might see a boom followed by a crash. Or things could continue like this for the foreseeable future (kinda like they have in Japan). In any case the economy operates in cycles and the long term debt cycle is about to catch up. It was supposed to bite us in the ass in 2008 but we avoided it by piling on more and more debt

Are you going to give us the whole "public debt will never have to be paid back" meme?

> debt is bad
It's complicated. Debt is a boon for the economy when people are taking it and a drag when it has to be paid back

One of the most autistic posts I have ever seen

>Solar power

You can't extract more energy from a square metre of land than the total energy in form of EM radiation that hits the surface, and 100% efficiency is impossible.

If you do the math you'd realize we would have to waste a lot of land in solar farms to actually power cities with them.

Nuclear reactors are more realistic.

I don't like nuclear because it will lead to the same problems are oil. An economic elite will control all of it including supply and prices and then fuck everything up. You realize that every country could end up like Venezuela if one of the rich faggots running oil companies goes nuts right?

Solar, instead, gives power to the people. Small cities can just set up solar panels on top of every building and pay a small local company to give maintenance and that is it.

Plus I bet if we get really creative we can put solar panels on our catgirls. You cannot put a nuclear reactor in a catgirl and that's a fact so please take your inferior technology where it belongs: the trash.

>nuclear
>inferior

t. Brainlet

Bit the political implications of nuclear are, sadly, not good...

I wish we could have private power sources, I'm a libertarian after all...

Bring me a design that involves putting a nuclear reactor inside a catgirl and then perhaps I will consider nuclear.

Too dangerous, I agree...

But she can be battery powered...

>be in the middle of sex with my robotic catgirl
>using the turbo vagina tornado twist (registered trademark) setting
>batteries run out
>I have no more batteries
>Have to fuck her like if she was a normal woman after I have already been exposed to the technology of automatic vagina motion

No thank you. I need a catgirl that will never run out of energy to make me cum.

>sex
Id rather have Kurisu Ai/bot to help me do research and cuddle with.

Hey, we will have robot for everything. Sexbots, researchbots, houseworkbots, etc. Then with a little more innovation we will be able to mix them all into one all powerful service robot with different setting.

You can fuck your catgirl and then turn the Kurisu setting and then you will go research time travel together.

>It's complicated. Debt is a boon for the economy when people are taking it and a drag when it has to be paid back

Right okay. So the optimal amount is more than 0, and you have no idea how much is enough. The better peoples credibility, the higher the optimal debt is.

I'd say we do 2, but I reserve the right to change my option.

>Right okay. So the optimal amount is more than 0, and you have no idea how much is enough. The better peoples credibility, the higher the optimal debt is.
Nobody knows what "the optimal amount" is. Some people think that we can rack up as much debt as we can and it'll all be fine. Others think we can pile up a lot of debt and then deleverage it relatively painlessly. Or maybe it will all end in a big crash. I guess we're about to find out

Also when I say "people taking debt", I mean the aggregate debt generated by all entities, from private persons to corporations to municipalities to governments. The cost of managing that debt is largely governed by the interest rates. If interest rates see sharp increases then it is possible that the house of cards will come crashing down

Not that "we will never have to pay it back".

Just "as long as the govt is trusted in its capacity to pay interest, we're probably fine". And "a good old war could wipe it up easy".

...by the time the Frog realises it's in the kettle,
it's too late. Just as now, except the frog are croaking
No, it's not
No, it's not, it's not
No, it's not, it's not, it's not, it's not
Yes, it is.

So what happens when we reach a point where we need to borrow to pay off interest? We're already spending hundreds of billions of dollars per year to deal with the fallout of giving niggers free shit. What happens when it becomes a trillion?

>virtually infinite energy via solar power
>solar power
Stopped reading there

You honestly think it was an oil companies fault for Venezuela's collapse and not its socialist/communist government?
Think you should lay off the TYT there bud

GDP/debt is a meme. As long as you rule over a population you can do anything by making them do anything.

And what are the factors that influence a government's capacity to pay interest? Interest rates? How well the economy does in general? And how are those factors influenced by debt?

Happend already ; not a problem it seems.

How the govt can make money. It includes hyper-inflating or borrowing more. Litterally all you need to do is to appear as a more stable economy as the rest of the world.
Which, wether u like it or not, is the case. I mean, 2008 crisis has quite no influence on that even.

So actually, we're pretty chill rn.

debt isnt important
its the loss of externalities that will do us in.

All these debt figures mean nothing when you have 15,000 nuclear weapons pointed to every major city in the world ready to launch at a moments notice.

The shows only over if there is a reason for those nukes to be launched.

You have to remember that America continuously pays back its debt by the day. Every dollar of the debt is payed back within 10 years; it's just that that dollar is replaced with a dollar in changed. But it's not like we're just using new debt to pay back old debt, we're always taking in far more than we're paying back. And that's because the economy is (almost) always growing.

The debt rising at a quicker rate than tax income is, indeed, an unsustainable trend, but that hardly means "the economy is going to fail" it just means that the government will eventually need to scale back its socialist boondoggles.

>you have
The people have debt, a system of church and government has the weapons. A tiny percentage of elite moneyed reptillians control the systems of government and church. We've been down this road 1000 times, it's a painful road.

Yes and no.
You see the interest system we use as a founding element for everything means the debt will always be more then the total money, thus can never be fully repaid. At least under a straight exchange, there are complex barter scenarios that theoretically could resolve this but they typical involve selling abstract future assets like unborn children which is not currently accepted by most institutions. So the system is doomed to fail.

However such failure is only triggered by some mass migration demand, typically a run on the banks. Which is based on people's confidence. In short as long as nobody points out the crippling flaws in the system it will keep running smoothly.
So for the sake of everyone one, shut up and buy stuff, else you'll doom us all!

Im sure there is some good research on this question. No reason to doubt aggregate debt cant be larger than 2 * GDP.

Kek, retarded. Yes, the US will just threaten to nuke the banks they own debt too. Or maybe you meant banks will be in such awe they will make bad loans in respect.

^This dude knows whats up