Refugee fleeing the shittiness of reddit

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Joined 1 year ago
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Cake day: June 9th, 2023

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  • There may not be any need for that.

    The United States, China, etc. all have trade policies that are fundamentally unsustainable and result in persistent trade imbalances.

    This causes all sorts of poor economic outcomes for large sectors of those countries. For example, an anaemic household sector in China and over investments in housing, huge private and public sector deficits in the United States, etc.

    In the free market world of Adam Smith and comparative advantage, persistent trade imbalances should not exist.

    Over the medium to long term, imports are meant to pay for exports.

    If there are persistent trade imbalances, it means there is persistent under consumption (China) or over consumption (United States).

    Note: This is not just limited to these countries.

    At some point, there is going to be an economic crisis because it can’t continue forever.


  • Now, there’s one thing you might have noticed I don’t complain about: politicians. Everybody complains about politicians. Everybody says they suck. Well, where do people think these politicians come from? They don’t fall out of the sky. They don’t pass through a membrane from another reality. They come from American parents and American families, American homes, American schools, American churches, American businesses and American universities, and they are elected by American citizens. This is the best we can do folks. This is what we have to offer. It’s what our system produces: Garbage in, garbage out. If you have selfish, ignorant citizens, you’re going to get selfish, ignorant leaders. Term limits ain’t going to do any good; you’re just going to end up with a brand new bunch of selfish, ignorant Americans. So, maybe, maybe, maybe, it’s not the politicians who suck. Maybe something else sucks around here… like, the public. Yeah, the public sucks. There’s a nice campaign slogan for somebody: 'The Public Sucks. F*ck Hope.

    • George Carlin