US Politics : Biden 100 days edition

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cerebus

cerebus

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NarrowBandFtw said:
Rome, Spain and Britain come to mind

and I didn't say hyperinflation
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For the Roman Empire you could make the case. For the British Empire though? Inflation was never a serious problem, actually it can be argued that austerity and overly aggressive debt repayment did more damage to England in the 20th century than inflation ever did.

Amazon.com: Capital in the Twenty-First Century: 9781491534656: Piketty, Thomas, Goldhammer, Arthur: Books

Amazon.com: Capital in the Twenty-First Century: 9781491534656: Piketty, Thomas, Goldhammer, Arthur: Books
www.amazon.com

The most interesting example of a prolonged austerity cure can be found in nineteenth-century Britain. As noted in Chapter 3, it would have taken a century of primary surpluses (of 2-3 points of GDP from 1815 to 1914) to rid the country of the enormous public debt left over from the Napoleonic wars. Over the course of this period, British taxpayers spent more on interest on the debt than on education. The choice to do so was no doubt in the interest of government bondholders but unlikely to have been in the general interest of the British people. It may be that the setback to British education was responsible for the country’s decline in the decades that followed.
 
NarrowBandFtw

NarrowBandFtw

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cerebus said:
For the British Empire though? Inflation was never a serious problem
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Depends where/when you reckon the empire died, the pound sterling lost its dominance as the global reserve currency due to inflation, more precisely:
- the aftermath of WW1 left Britain with an inflation problem
- they went back to a gold standard to have stability again
- they incorrectly blamed the gold standard/deflation for the great depression that followed and abandoned it
- inflation returned plus WW2 expenses certainly stoked that fire

post WW2 ... viola, US dollar becomes the global reserve currency
 
NarrowBandFtw

NarrowBandFtw

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cerebus said:
Well if you're going to simply decide how and when the British Empire died, then of course you can make any claim you like.
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not deciding

British dominance didn't end when they became a democracy, it ended when their currency got replaced

the empire itself, sure whatever, doesn't really matter
 
cerebus

cerebus

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NarrowBandFtw said:
not deciding

British dominance didn't end when they became a democracy, it ended when their currency got replaced

the empire itself, sure whatever, doesn't really matter
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So now it's replacing the currency that ended the British Empire? You're all over the place. And I love how you bring WW1 and WW2 in without ever acknowledging how much damage those 2 wars did to British global dominance and capital structures. But sure it's all about inflation, let's go with that.
 
cerebus

cerebus

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NarrowBandFtw said:
I said superpower, you're the one stuck on this word "empire"

the currency being replaced is a symptom that the power has failed, not a cause
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Ok I mean... you must know what a feeble case you're making for an astoundingly broad and arrogant claim, right?
 
NarrowBandFtw

NarrowBandFtw

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cerebus said:
Ok I mean... you must know what a feeble case you're making for an astoundingly broad and arrogant claim, right?
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you add your own words and interpretations (hyper and empire) then proceed to call my case "feeble"

here's another word for you: irony
 
konfab

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Unhappy438 said:
False
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Nope.

It's worlds apart from the images that came out of Wuhan when it had the world's first Covid-19 lockdown in January - a ghost town devoid of residents and vehicles.
The lockdown was lifted in April and there have been no domestically transmitted cases in Wuhan or Hubei province since mid-May.
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https://www.bbc.com/news/world-asia-china-53816511

Which do you think is more likely, them being the only country in the world that didn't have a single new case of covid, or a government, that has a reputation for lying to everyone telling, a lie.

In comparison, Taiwan, which probably did the best in terms of the response to the pandemic, still has domestic cases.
 
The_Right_Honourable_Brit

The_Right_Honourable_Brit

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tetrasect said:
This is what true freedoom looks like.

edition.cnn.com

Texas GOP governor signs permit-free gun carrying legislation

Texans will soon be able to carry handguns in public without obtaining licenses or training after the state's Republican governor on Wednesday signed a permitless carry gun bill into law.
edition.cnn.com edition.cnn.com
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Yeah, that is even a bit too extreme for me. Universal background checks and training should be required before purchase of firearms. Not sure this is going to end well.
 
cerebus

cerebus

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RanzB

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cerebus said:
www.businessinsider.com

A Republican congressman refused to shake hands with a DC police officer beaten by Trump loyalists on January 6, according to 2 House members

Democratic Rep. Eric Swalwell and Republican Rep. Adam Kinzinger reported officer Michael Fanone's interaction with Rep. Andrew Clyde on Tuesday.
www.businessinsider.com www.businessinsider.com

A Republican congressman refused to shake hands with a DC police officer beaten by Trump loyalists on Jan. 6, according to 2 House members​

Click to expand...

They like police officers who weren't beaten, etc etc.
 
B

buka001

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konfab said:
Nope.




https://www.bbc.com/news/world-asia-china-53816511

Which do you think is more likely, them being the only country in the world that didn't have a single new case of covid, or a government, that has a reputation for lying to everyone telling, a lie.

In comparison, Taiwan, which probably did the best in terms of the response to the pandemic, still has domestic cases.
Click to expand...
1918 called.

The measures adopted back then to combat that pandemic are very similar in principle.

www.nationalgeographic.com

How they flattened the curve during the 1918 Spanish Flu

Social distancing isn’t a new idea—it saved thousands of American lives during the last great pandemic. Here's how it worked.
www.nationalgeographic.com www.nationalgeographic.com
 
Unhappy438

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konfab said:
Nope.




https://www.bbc.com/news/world-asia-china-53816511

Which do you think is more likely, them being the only country in the world that didn't have a single new case of covid, or a government, that has a reputation for lying to everyone telling, a lie.

In comparison, Taiwan, which probably did the best in terms of the response to the pandemic, still has domestic cases.
Click to expand...

Mate, they are doing lockdowns right now, what are you talking about?

www.nytimes.com

China Returns to Its Strict Covid Limits to Fight a New Outbreak

Foreign businesses worry that tough quarantines and restrictions could persist into next year as Beijing struggles with variants and questions about its vaccines.
www.nytimes.com www.nytimes.com
 
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