ShotGunWorld Shotguns

It is currently Thu Jan 21, 2021 10:32 pm

All times are UTC - 6 hours [ DST ]


Image



Post new topic Reply to topic  [ 30 posts ]  Go to page Previous  1, 2
Author Message
 Post subject: Re: White Flyer just raised the price of targets 20%
PostPosted: Wed Jan 13, 2021 11:39 pm 
*Proud to be a*
*Proud to be a*
User avatar

Joined: Sun Aug 21, 2005 8:42 pm
Posts: 28928
Location: Missouri
seb7515 wrote:
Keynes was wrong. Pump priming doesn't work to restart the economy. World wars are the way to get out of a recession.


During Keyne’s lifetime the only time really massive borrowing and spending was done was WW2.

Keynes wrote that it would be better to build useful things such as bridges and schools and roads with the borrowed money, but if nothing else the government should bury money in jars and auction off the mining rights.

There is the matter of the loss caused by the pandemic. Almost 400,000 Americans have died, and they are no longer producing anything.

But somebody inherited their money.

And according to the undertakers, big fancy funerals are out of fashion, as are fancy tombstones.

So eventually, after the lawyer’s cut, the heirs will spend the money.

When is the question, not if.



_________________
I have never considered a difference of opinion in politics, in religion, in philosophy, as a reason for withdrawing from a friend. Thomas Jefferson


Top
 Profile  
 
 Post subject: Re: White Flyer just raised the price of targets 20%
PostPosted: Wed Jan 13, 2021 11:45 pm 
*Proud to be a*
*Proud to be a*

Joined: Mon Aug 27, 2007 12:42 pm
Posts: 13109
The big reason the US economy was booming after the war is because Europe was in shambles and trying to rebuild their cities rather than producing goods for export. Had the war been fought and even won on US soil things would have been very different. Sort of like it was in the South was during reconstruction.

_________________
It is better to be seen than viewed.


Top
 Profile  
 
 Post subject: Re: White Flyer just raised the price of targets 20%
PostPosted: Thu Jan 14, 2021 12:58 am 
*Proud to be a*
*Proud to be a*
User avatar

Joined: Sun Aug 21, 2005 8:42 pm
Posts: 28928
Location: Missouri
Ezra Smack wrote:
The big reason the US economy was booming after the war is because Europe was in shambles and trying to rebuild their cities rather than producing goods for export. Had the war been fought and even won on US soil things would have been very different. Sort of like it was in the South was during reconstruction.


What’s always fascinated me is that in the southern confederacy, the confederate dollar replaced the union dollars, somewhat gradually.

Where did those union dollars go?

Then in April 1865 the confederate dollars (which seem to have kept value on par with our present day dollars right up to the fall of Richmond) suddenly became good for wallpaper.

Yet we don’t read of the South starving or reverting to barbarism. Three million valuable slaves were suddenly free with no compensation to their owners, and with no money to them, either. Nothing became of 40 acres and a mule.

Ten years later when federal troops left, the South was mostly rebuilt, after ten years of carpetbagger governments stealing all they could steal.

The federal government even redeemed all the green backs at par.

And from 1870-90 they had the Great Deflation:

https://en.m.wikipedia.org/wiki/The_Great_Deflation

There is a link between the value of money and the supply of money, but it may not as strong as the link between consumer demand for goods and services being the determining factor of the value of money.

You could give my Amish renter ten million dollars, and it would mostly just fatten his bank account. But after he died, his kids might not be as Amish.:)

_________________
I have never considered a difference of opinion in politics, in religion, in philosophy, as a reason for withdrawing from a friend. Thomas Jefferson


Top
 Profile  
 
 Post subject: Re: White Flyer just raised the price of targets 20%
PostPosted: Thu Jan 14, 2021 7:55 am 
Crown Grade

Joined: Tue Nov 14, 2006 9:31 pm
Posts: 2450
You shouldn't take what's written in wikipeidia as gospel.
I'm starting to question where you were schooled.
Slave owners not compensated. Where were you schooled?

_________________
Never sell a gun you shoot well, no matter how ugly or unpopular.
Copyright 2020 by SEB7515. All Rights Reserved.


Top
 Profile  
 
 Post subject: Re: White Flyer just raised the price of targets 20%
PostPosted: Thu Jan 14, 2021 9:13 am 
*Proud to be a*
*Proud to be a*
User avatar

Joined: Sun Aug 21, 2005 8:42 pm
Posts: 28928
Location: Missouri
seb7515 wrote:
You shouldn't take what's written in wikipeidia as gospel.
I'm starting to question where you were schooled.
Slave owners not compensated. Where were you schooled?


Humansville public school.

We used the World Book then instead of Wikipedia as a quick reference.

Before the civil war the slaves in the south were the most valuable personal property the southerners owned. Each year the price of a prime field hand went up.

https://www.measuringworth.com/slavery.php

In our dollars a prime 30 year old field hand was worth $150,000 at auction before the war.

If is master had sold in 1860 and left for England, he’d have had money instead of a freed slave at war’s end.

Compensated emancipation was discussed but not adopted.

https://en.m.wikipedia.org/wiki/Compens ... ancipation

Instead the south was utterly defeated, all the slaves freed without compensation to their owners, their money was worthless, and the union occupied and installed carpetbagger legislatures. It was not, a Marshall Plan.

All their wealth was destroyed.

Yet in ten years, the South had not fully recovered, but they were again prosperous.

As to the Great Deflation we were taught that in school. And in 1929-33 there was another horrible round of deflation.

https://researchdatabase.minneapolisfed ... /6h440s573

Japan just has had several decades of deflation.

I’m not saying the money supply has no link to inflation. During our civil war the confederate dollar did become inflated, but only worthless after the surrender of all confederate troops.

But it’s too simple to say money is only worth how much there is in circulation.

Consumer demand plays a large part.

If people wait to spend their money, the price of goods and services all fall.

_________________
I have never considered a difference of opinion in politics, in religion, in philosophy, as a reason for withdrawing from a friend. Thomas Jefferson


Top
 Profile  
 
 Post subject: Re: White Flyer just raised the price of targets 20%
PostPosted: Thu Jan 14, 2021 9:16 am 
Crown Grade

Joined: Tue Nov 15, 2005 9:33 pm
Posts: 6533
Location: Mascoutah IL
SuperXOne wrote:
There is the matter of the loss caused by the pandemic. Almost 400,000 Americans have died, and they are no longer producing anything.


They were not producing anything before. Many, if not most, would have likely died this year without the pandemic. The remainder of those who would have survived if not for the pandemic would make up a small fraction of the 2.6 MILLION people who die in the US each year.


Top
 Profile  
 
 Post subject: Re: White Flyer just raised the price of targets 20%
PostPosted: Thu Jan 14, 2021 9:56 am 
*Proud to be a*
*Proud to be a*
User avatar

Joined: Tue Apr 21, 2009 3:14 pm
Posts: 21361
Location: Just South of Indiana Gun Club!
DEG wrote:
SuperXOne wrote:
There is the matter of the loss caused by the pandemic. Almost 400,000 Americans have died, and they are no longer producing anything.


They were not producing anything before. Many, if not most, would have likely died this year without the pandemic. The remainder of those who would have survived if not for the pandemic would make up a small fraction of the 2.6 MILLION people who die in the US each year.



And of those 400,000 people, less than 25% were working age, so sx1's comment does not hold water. The cdc numbers are here https://www.cdc.gov/nchs/nvss/vsrr/covi ... /index.htm
and that is if 100% of them were employed and working.

cdb

_________________
NRA Life Member
CZ/Huglu Shooter..912, 912 Tom Knapp Edition, 920, Canvasback Deluxe, 452 FS, and Trek Domone SL 6 Disc Bicycle Rider
Remembering My Friend 2fewdaysafield. The Huglu Drifter, Have Huglu, Will Travel


Last edited by cdb1097 on Thu Jan 14, 2021 10:36 pm, edited 1 time in total.

Top
 Profile  
 
 Post subject: Re: White Flyer just raised the price of targets 20%
PostPosted: Thu Jan 14, 2021 10:37 am 
*Proud to be a*
*Proud to be a*
User avatar

Joined: Sun Aug 21, 2005 8:42 pm
Posts: 28928
Location: Missouri
cdb1097 wrote:
DEG wrote:
SuperXOne wrote:
There is the matter of the loss caused by the pandemic. Almost 400,000 Americans have died, and they are no longer producing anything.


They were not producing anything before. Many, if not most, would have likely died this year without the pandemic. The remainder of those who would have survived if not for the pandemic would make up a small fraction of the 2.6 MILLION people who die in the US each year.



And of those 400,000 people, less than 25% were working age, so sx1's comment does not hold water. The cdc numbers are herehttps://www.cdc.gov/nchs/nvss/vsrr/ ... /index.htm
and that is if 100% of them were employed and working.



cdb



Our local undertaker had the same percentage, about 75% older retired people and 25% working age.

But as he pointed out, in the first quarter of 2020 there were no Covid deaths in the county, in the second quarter maybe one or two, in the third quarter about half the deaths were covid, and since October it’s close to 90%.

It’s a huge savings for social security. 75% of Covid deaths are from retirees. But there will be a lot fewer vacations and motor homes sold and groceries bought and most of the deaths of retirees leave a spouse.

And people that die of Covid run up about a million dollars of medical bills doing it. For those with supplements on Medicare it’s not a problem for the families, but for those uninsured younger deaths and older deaths without supplements it’s crippling.

The worst part is psychological. One month a man gets his hair cut he’s fine. A week later he gets sick and three weeks later the family can’t have a traditional funeral.

The barbers are both as scared as the undertakers.

The barber has lost a customer and the man didn’t live long enough to buy his own burial plan and tombstone. The family buries or burns him, the cheapest way.

They have to worry about mom now, who survived but she’s not recovered.

_________________
I have never considered a difference of opinion in politics, in religion, in philosophy, as a reason for withdrawing from a friend. Thomas Jefferson


Top
 Profile  
 
 Post subject: Re: White Flyer just raised the price of targets 20%
PostPosted: Thu Jan 14, 2021 3:59 pm 
*Proud to be a*
*Proud to be a*
User avatar

Joined: Sun Aug 21, 2005 8:42 pm
Posts: 28928
Location: Missouri
DEG wrote:
SuperXOne wrote:
There is the matter of the loss caused by the pandemic. Almost 400,000 Americans have died, and they are no longer producing anything.


They were not producing anything before. Many, if not most, would have likely died this year without the pandemic. The remainder of those who would have survived if not for the pandemic would make up a small fraction of the 2.6 MILLION people who die in the US each year.


It’s true that about 75% of Covid deaths are among retired people, but only 40% are of institutionalized elderly that are in nursing homes.

But even allowing for that, it means the nursing homes are suffering economic losses because covid is killing their customers right and left.

And since nursing home deaths get such headlines, replacement customers are tending to be cared for by their families, instead.

Everybody bad mouths the government, but they aren’t as dumb as popularly labeled.

The vaccines are going out first to old folks in nursing homes and their keepers.

Although they have little time left to live, they have the most danger of dying.

Each day over 4,000 Americans are dying of Covid 19.

It’s on track to be the leading cause of death this winter.

https://www.scientificamerican.com/arti ... et-again1/

_________________
I have never considered a difference of opinion in politics, in religion, in philosophy, as a reason for withdrawing from a friend. Thomas Jefferson


Top
 Profile  
 
 Post subject: Re: White Flyer just raised the price of targets 20%
PostPosted: Fri Jan 15, 2021 7:19 pm 
*Proud to be a*
*Proud to be a*

Joined: Mon Aug 27, 2007 12:42 pm
Posts: 13109
People who die of Covid 19 generally are in bad shape. They are usually elderly and have other comorbidities. That being said, an otherwise young healthy person who gets a bad case of the flu now has a preexisting condition and it would not take much to finish him off.



_________________
It is better to be seen than viewed.


Top
 Profile  
 
Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 30 posts ]  Go to page Previous  1, 2

All times are UTC - 6 hours [ DST ]


Who is online

Registered users: 16dogs, 2lo8s, AJ-M12, al1969brown, Alvan, amboy49, Bankerwill, Banshee, bfre49849, bigbluedodge, Bing [Bot], Blockcaver, Brooksy08, Bustsducks, Byron Whitlock, cleboje, Dano523, DesertMuleDeer, dickgtax, doppelflinten, DUKFVR, fullgallon, Google [Bot], Google Adsense [Bot], Hal4son, hammontw, Harborcat, henrims, Holyjoe60, Hwcn, jeffreyk, Joe Hunter, John Henry, JOHN7069, JonnyRocket, jtf650, Keperkey, KM4BS, kyskeet, leftex, longliner, Lumberjack98, macrae3454, Majestic-12 [Bot], Mike916, mpolans, NailNinja, Novak77, oyeme, painter*, Paul D. Heppner, Rack-N-Roy, Remduck1, Rockett0, Rooster booster, S.davis, shootandfish2, Skeet_Man, smkilcz59, SnowRider1, soupsandwich, Stk218, T.karp90, Terrapin, Tidefanatic, Tom Bryant, upland refugee, Westender, Xftrplt, Yahoo [Bot]


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Jump to:  
Powered by phpBB © 2000, 2002, 2005, 2007 phpBB Group    - DMCA Notice