/biz/ - Business & Finance

>>16031466
Boomers are fucking retarded. You don't cut revenue to increase profits. Thats the business plan of a moron.

>>16031466
Fuck kikes

>>16031466

Tax cuts only increase tax revenue if the tax cuts free up capital that creates productive investment in the States. It assumes that the system is relatively closed, not wide open like the US. The results of the tax cuts largely went abroad, either directly in the form of FDI or indirectly through increased consumption of goods.

>trump is the best president for the economy

>>16031466
imagine paying interest on money you created out of nothing

Deficits don't matter as long you're the dominant reserve currency.

>>16031640
State of the economy has nothing to do with the standing president. The fed controls everything and they're a private bank.

>>16031779
sure, but how much longer?

>>16031800
First two years of his term he had complete control of every branch of government.

>>16031779
Until they do. At 5.1% of GDP thats a massive inflaton rate if no one will loan you the money anymore.

>>16031801
The next century easily. Who's the other contender? China, Russia, India, Brazil, the EU, all have much bigger issues. America will keep being the power broker.

>>16031820
>Who's the other contender?
Crypto is the only contender.

>>16031860
Keep believing. Crypto will keep being fringe until it's finally broken by quantum computers.

>>16031820
as of Q4-2016 foreigners have stopped buying US debt for the most part. What now? Those repo blowups, those are the product of this fact.

>>16031890
Doubt we're going to go back to Gold and silver and then keep doing the same shit in history by removing the backing. Also doubt countries trust each other anymore with fiat.

>>16031860

We'd all find it fun but crypto won't be adopted because there's no help line you can call if you send your coins to the wrong address. 90% of the human race isn't capable of using crypto safely.

Crypto will stick around but its real world uses will be limited to random purchases or taking money across tight borders via brain wallets.

>>16031466
Not sure, is the US more white or less white than last year?

>>16031896

Can you explain how they're connected? I'm interested.

>>16031909
Name a better solution. Gold and silver backed fiat for the 120398453457 time in human history?

>>16031921
Just look up Luke Gromen. He explains it all in detail all over the place. The short version is the primary dealers are required by law to buy US treasuries and the treasury is ramming them down their throats. Private market liquidity is choking on debt. They are now printing it.

>>16031932
A global backing currency called the bancor that everyone trades against. Ask keynes about it, it was his idea.

>>16031932

I didn't say I had the perfect solution, calling for one is a tactic used to dismiss an argument without countering it. All I said was most people can't handle crypto.

Mainstream society is not going to accept to adoption of something that could lose them a rent payment if they press the wrong button.

>>16031935

>>16031932
gold backed currency works...until bankers realize they can print more redeemable currency than they have because most people are not going to try and redeem the gold. its human nature to fuck it all up, but its still the best option we have

it shouldnt even be a fucking choice of having a gold backed currency versus having a private cartel print money whenever they want

>>16032069
You make it sound like we'll never have apps or software that help with making crypto easier to use. Like how its easier to just scan the QR code of someone's address. Or you think somehow a business (assuming it isn't a scam business) isn't going to send you back the amount you sent too much of

>>16032090
>human nature to fuck it all up
And thats what countries won't trust anymore.