The same cannot be said for poor countries, however. It postpones the pain today by condemning us to much greater pain tomorrow.Īmerica has a lot of “stuff” to shift around and burn through, so we can delay the pain of impoverishment for quite a while. Government checks merely make us feel less poor by inducing us to further impoverish ourselves in reality. It’s like if you lost your job and cheer yourself up by splurging on an expensive new TV. This means even less “stuff” down the road. Higher consumer spending means burning through our remaining “stuff” faster instead of investing it in production. Delay the drop in living standards by enabling higher consumer spending.Shift who gets impoverished by redistributing wealth (that is, access to the remaining “stuff”), and.When “stuff” dwindles, printing government checks cannot magically reverse that impoverishment.
No amount of zeros added to those government checks can change that. The more you lock down production, the more our stock of “stuff” will shrink, and the more our living standards will worsen. Government checks are only valuable to the extent that there is enough actual “stuff” (goods and services) available for those dollars to buy.
“You can’t just legislate money and solve these things.” “They’ve become detached from reality,” he added. “This notion,” said Musk, “that you can just sort of send checks out to everybody and things will be fine is not true.” The prevailing assumption is that the government can press “pause” on the economy throughout the pandemic, throwing millions out of work, and then simply tide everyone over with relief checks. But, as Musk pointed out, our economic policies throughout the COVID-19 pandemic have ignored that simple truth. “If you don’t make stuff, there’s no stuff.” Uhh… did Joe Biden just say that Black people are all the same? /iUgkk2uSJoīiden (or someone in his campaign) attempted to clarify his remarks but wasn’t very successful at cleaning up the mess he made with that remark.Elon Musk dropped an economic truth bomb on Joe Rogan’s podcast a couple of months ago. “What you all know but most people don’t know: Unlike the African-American community, with notable exceptions, the Latino community is an incredibly diverse community - with incredibly different attitudes about different things.” Joe Biden has an extensive history of making racist comments and supporting racist causes, so it was hardly a shock that Biden suggested that black Americans lack diversity of thought. When he suggested black people ‘lack diversity’ Trump War Room – Text TRUMP to 88022 August 6, 2020ġ. Warning: this one is really painful to watch. That moment Biden invited Americans to judge his mental fitness I’ll give a thousand dollars to anyone who can translate this. “The way Trump–the way China will respond is when we gather the rest of the world that in fact in in fr- in in in in open trade and making sure that we’re in a position that the world uh that that we deal with WHO the right way that in fact that’s when things begin to change, that when China’s behavior is going to change.” That's like saying you, before you got in this program, if you take a test where you're taking cocaine or not, what do you think huh? Are you a junkie?" /f6UMPJq381 Why the hell would I take a test? C'mon man. In what universe was it a good idea to respond this way?īIDEN: "No, I haven't taken a test. “Why the hell would I take a test? … C’mon, man! That’s like saying you, before you got in this program, if you take a test where you’re taking cocaine or not, what do you think, huh? Are you a junkie?” “No, I haven’t taken a test,” Biden responded, sounding irritated.
Joe Biden’s temperament when he’s questioned about his mental faculties is definitely a red flag, particularly when you consider his exchange with Errol Barnett of CBS News, who asked, “Have you taken a cognitive test?” Trump War Room – Text TRUMP to 88022 August 5, 2020 WATCH: Joe Biden says he's "forward looking to" debating President Trump because "there gonna be plenty of time." /D3MIG2B8OY With all the questions surrounding Biden’s mental health and cognitive decline, it was almost amusing to see Biden flub his attempt at showing bravado about debating Trump. There were many moments during that interview that were painful examples of why Biden is unfit to be president, and I’ve posted the top five below: 5.
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