If parking excess reserves for profit is taken away as an option, then the banks may indeed use the reserves to buy back the aforementioned bonds so that they can get at least SOME positive yield. Alternatively, the banks may choose to lend more until the reserves no longer are excessive. at which point they will no longer lose money on the reserves.
Anything wrong with my logic?
I"m just wondering where the government will get all the money it will need to pay off those who take their money out of bonds so it doesn't disappear with negative rates. I mean, who is going to take that deal? "Yes, sir, put your money right here and in a year you'll have less of it!"
“The Department of Veterans Affairs is able to negotiate for lower-priced drugs,” said the Senate majority leader, Harry Reid, Democrat of Nevada. “H.M.O.’s can negotiate. Wal-Mart can negotiate. Why in the world shouldn’t Medicare be able to do that?”
Because the Congress-critter has received massive bribes to block the passage of this common-sense bill. No other reason.
If Trump were president, he would have his justice department aggressively investigate Congresspeople who pull this kind of shit. Once the first five or ten get put in jail for corruption, the rest would fall into line.
Only Martin Shkreli understands how FREE! ENTERPRISE! can liberate America from the horrors of stalinist terrorism against OPPORTUNITY MAKERS!
While I know this is satire, it's a point that's utterly missed by those who worship at the throne of supercapitalism.
The only reason Shkreli was able to do this was because of government enforcing a PATENT that restricts other companies from making the same product and selling it for less! So government actually caused this problem, and what we saw with Shkreli wasn't free market capitalism but abuse of a government-mandated monopoly.
I wouldn't let any Muslim refugees in.
I'd be down for sending aid to camps that are housing them, in Muslim nations. That's the Christian thing to do, to be kind to those that mistreat you.
But God doesn't mandate that we put ourselves in danger by inviting in a bunch of people who religiously believe in our destruction.
I guess that's because TRUMP represents a populist, nationalist movement back toward an America of 50 years ago. Which is everything that the leftists have been working to change using the courts and political correctness to force people to accept whatever nonsensical shit comes out of the latest feminist transsexual cis-homo neo-liberal's mouth!
OK, I'll give you a real world example that your premise is wrong regarding supply and demand and higher prices. Here in NJ (which is one of the wealthiest states, more that CA), inventory has DROPPED 24% Y.O.Y, so according to your premise, prices should go UP, right?
Well, prices have DROPPED Y.O.Y with an inventory DROP of 24%. So, your low supply = higher prices, and More supply = lower prices doesn't hold water.
Yah but you guys have insanely high real estate taxes, which like Texas, tends to depress house prices. There can be room for more than one factor to influence prices. Also maybe not as many people want to live in your "garden state" as did before. Maybe New Jersey's reputation is catching up to it? Maybe Christie ate your comptroller? Who knows? With anyplace as weird as New Jersey, normal economics go right out the window.
/agree with Heraclitusstudent
Private enterprise is about securing profit. In a monopoly environment, profit is secured by raising prices to the absolute breaking point.
Chicago should stop enforcing parking meters, toll roads should be abolished, and private prisons should be immediately nationalized. It would take a socialist to do such things, but I think I can feel the Bern.
The current system is anything but free market. The winners have rewritten the laws to exclude everyone else and jockeyed into positions where everyone has to pay them for the privilege of existing. Rentiers, as errc said, are not a group that needs protecting. But they are the group with the grand majority of the wealth and most of the influence. A populist leader is the only thing they fear.
I've been wondering why we've seen no videos of what went on, but now it appears that both the scope of the attacks was under reported with over 800 victims and the CCTV footage was so horrific that it was ordered erased by the German government. Now I wonder why they'd want that done . . . .
Whatever you do, don't sell yourself cheaply. My wife had a big problem with that (when it came to her practice), and a book by Suze Orman fixed her of that. Cheap=no value, whether it's toasters or medical procedures. If it's inexpensive, people will flake, decline to pay, and treat you like an employee. If it's expensive, hard to get an appointment, and there are penalties for missing appointments, people will show up on time with the check so they don't miss their chance. It's the reason why restaurants sit their first customers of the dinner shift in the front window, and the reason that dance clubs like to keep a line at the door. If people are concerned they'll miss out, they'll cancel other "engagements" to keep yours. My wife had to learn this one, but it made her life much more enjoyable.
Good to know about those Essure coils . . . a few years ago my doctor recommended them for my wife as we were done having children and it wasn't surgical. I got the big V done instead of that. Glad we went that option now. Sounds like a lot of women have had problems...
I think pictures of adorable babies with your business name and some contact info would be enough. Maybe one picture per ad or poster or billboard but vary the picture between billboards. What you need are reliable people to do the lower-skill work so you can be free to do the very high paying work you know how to do.
A guaranteed source of steady or even overbooked customers would mean you'd have no cash flow problems to cover the employee costs.
Here's an idea: the reason why the war on drugs continues unabated is due to the Federal Reserve trying to make US debt disappear.
This doesn't make sense at first blush, given that literally tons of cash is leaving the country because people are buying drugs from cartels. But if you think that this paper money is in fact an issuance of debt, an IOU that can be traded, then the more of it that disappears, the better for the bank of issuance (the Fed).
Lots of it is destroyed this way, or disappears into cash repositories of gang lords. Either way it's off the market and this helps to keep the price of the dollar higher.
I think a Rubio v. Clinton match would be ripe for a Trump Third party challenge. Enough of the disaffected out there would be enraged by the "stealing" of the primaries by establishment candidates that he might just win! I'd certainly be voting for Trump in that situation.
How would you vote? (Clinton, Rubio, Trump)