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1. 

   Adora68 said, 4 months ago

   Oh satipera4, you’re SO right. It was wonderful when Rome fell, too. I can’t wait for the return of the Dark Ages. The barbarians are at the gates and some people want to usher them in. sigh

2. 

   parkersinthehouse said, 4 months ago

   nihilism is alive and well.

   waitaminit - it’s more like defeatism satip. nothing is drawing to a close - your post reminds me of the US signboards of the sixties “the end is near”.

   international “dominance” as you call it (which is only a media construct in my opinion) is constantly in flux - that’s why it’s so exciting - and because the USA tends to be the most progressive, it may appear to be monopolistic.

   even though bush unwittingly took a shot at decimating US growth, economy, military, international relationships, et.al to make it his own, he only had eight years and his incompetance caught up with him.

   the way i see it, the glass is not half empty - it’s just beginning to fill up again.

3. 

   charliekane said, 4 months ago

   Nandy:

   Do you have indoor plumbing because most everyone else does, or because it is a good idea?

   But, back to the ‘toon, after this gratuitous plug for Fareed Zakaria’s GPS: bleeep good news politics show!

   Yesterday, in a discussion between economists Krugman and Taylor, it was posited that the increased saving rate by Americans is reducing the borrowing from China. Isn’t that amazing?

4. 

   Buzzy-One said, 4 months ago

   “Idiot” seem to be a favorite word here ‘bouts. It’s use is interesting.

5. 

   parkersinthehouse said, 4 months ago

   oh anandy - you’re gloomier than satipera

6. 

   longtimecomicsfan said, 4 months ago

   I seriously doubt if ANYONE has ever accused ANandy of being “just too smart.”

7. 

   charliekane said, 4 months ago

   Thanks for the benefit of the doubt, Nandy!
   (ignurnt as opposed to idyit)

   But back to the ‘toon:

   To elaborate, the ‘toon, of course, is about debt to China, not health care. Just thought it was interesting that our rate of incurring debt to China was falling off as the personal savings rate increased.

   The implication was that if individuals are responsible with their finances and save more, we keep more of our national debt “in house.”

8. 

   Gladius said, 4 months ago

   On top of everything else I’m curious as to why Wilson? One of the major historical criticisms of the Fed government during the Great Depression was the attitude that it wasn’t the government’s job to help people. You’d think that if Wilson had opened the floodgates of redistribution you would have seen some of it. The Progressive movement did see a change in attitude towards the poor but not not signifigantly in central government.

   As a gratuitous and hopefully unecessary reminder the Great Depression was post Wilson.

9. 

   NoFearPup said, 4 months ago

   It seems to me , by cutting taxes, the Reaganites capitalized on pent up American industrial and economic power, creating more markets and growth, and subsequently were able to collect more revenue from that growth for government use. Was that working during the Bush years? Would it work now? Do we have any resources to capitalize on now that aren’t being used now? I don’t know. I’m for looking into the issue with an open mind, but I am not necessarily for pushing speculative policies for the sake of protecting one political party - which it appears the Dems are doing. Where is the debate and transparency we were promised?

10. 

    Gladius said, 4 months ago

    The Reagon economic policies resulted in a Temporary boost to the economy. Bush Sr. paid for it with the economic downturn when he couldn’t live up to his ‘Read my Lips no new taxes.” There are several accomplishments that I think Reagan should be remembered for; his domestic economics are not among them.

11. 

    NoFearPup said, 4 months ago

    Who’s economics should we emulate; and why doesn’t Obama do it, Gladius?

12. 

    Gladius said, 4 months ago

    What policies we should follow and what are politically possible are far distant.

13. 

    Gladius said, 4 months ago

    The size of the current world economy can’t be handled by the Gold Standard. I’m not the best person to Explain it but talk to an economist about money supply.

14. 

    Gladius said, 4 months ago

    I find the use of the word inflated misleading. Inflated implies oversized. The world market must grow if poorer countries are going to improve their quality of life. Of course, if you believe one can only improve at the expense of others then futher discussion is a waste of time. The world market cannot continue to grow if it is fettered by an outdated monetary policy which was questioned long before Nixon.

15. 

    Gladius said, 4 months ago

    The price of gold varies due to supply and demand. Therefore the value of your money still varies. Since you have your money pegged to gold you can never have more money in print than your Country has in gold reserves. Not world reserves. This lack of monetary funds puts huge crimps in economic growth. Many people can’t get loans because there isn’t enough money in the system. Your currency worth STILL varies and you don’t have enough of it. As it is, the country makes the decision as to whether or not to print money and what effect it will have. Even with the current economic crisis inflation is not a serious problem. Many countries are worried about deflation which can be much more painful to average person. Since you won’t listen to me, please ask an economist about money supply.

16. 

    pbarnrob said, 4 months ago

    Reminder: “Danziger on vacation July 1 -10” (posted 6/22)…

17. 

    dtroutma said, 4 months ago

    Overlooked is that “gold standard” also meant a fixed-controlled price/value for gold, and it was illegal to own bullion.

18. 

    Gladius said, 4 months ago

    It still doesn’t work since gold is a global commodity. I didn’t bother going into that part since my main focus was on money supply.

19. 

    lightartsteacher said, 4 months ago

    Parkerinthehouse, well said, and I agree with you.

20. 

    parkersinthehouse said, 4 months ago

    well hello from one arts prof to another

21. 

    oldlegodad said, 4 months ago

    This is the last post I can find from BigEar…She give up or got banned again??

22. 

    fennec said, 4 months ago

    On vacation? The Europeans take their vacations seriously, y’know.

23. 

    cabrobst said, 4 months ago

    That China is so much invested in us is a good, they are that much less likely to start a war with us. THAT is one of the good things Richard Nixon did for this nation. Hey, give the devil his due.

24. 

    M Henri Day said, 4 months ago

    I’m not so sure that Chinese shopkeeper should be smiling - he’s likely to be paid back, if at all, with 5 cents on an extremely devalued dollar….

    Henri