rollincoal

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About rollincoal

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  1. Whether or not it’s a good investment is one thing, free market not so much
  2. Yes it’s true, and everyone else’s taxes have gone up in response
  3. Semantics; the bottom line is the advantages are through government actions
  4. The advantages are created through government actions
  5. They seek a competitive advantage that is enforced by the government
  6. It is money and power leveraging an advantage established by governance.
  7. no its not; its free for them not for me.
  8. These issues aren't so simple; A major mall in my county gets out of paying millions of property taxes through a PILOT program. That unpaid tax is picked up by everyone else. Powerful entities negotiating for better terms than others with the government isn't exactly in the spirit of free markets.
  9. I don't have a background in finance, its tough to wrap my mind around this as it is pretty convoluted; this is some wild stuff!
  10. I have heard Warren Mosler say that the bonds are collateral (like a house for a mortgage) and the fed creates the money for the primary dealers to buy the bonds with the created money then going to the treasury?
  11. I admit it seems confusing to me "During the week ending August 8, 2007, before the current financial crisis emerged, the deposits of depository institutions averaged about $12 billion per day. At that point, the federal funds rate, on average, was at the target established by the FOMC. In response to the crisis, the Federal Reserve began to expand its lending. To offset the associated increase in reserve balances, the Federal Reserve sold a significant portion of its holdings of Treasury securities to drain balances from the banking system. The effect of these open market operations was to allow the Federal Reserve to hit, on average, its target for the federal funds rate." Federal Reserve Board ?
  12. We are printing the money, and then it is destroyed when we pay taxes. Don’t you see a problem in borrowing US dollars, interest free debt, to pay off debt. Seems a bit upsurd to me.
  13. How can money which is part of the national debt(without interest) be borrowed to pay back the national debt?
  14. I’d agree that inflation is the constraint; I don’t believe what is considered borrowing by many is necessarily functioning the way they think it is. Bonds are largely a way of draining bank reserves to set interest rates, a monetary policy.