You showed up late for Buckwheat's drive by. He got off a few good shots but I think we riddled his car with our response. Load up and get ready for next time.
1) I'm sorry it's not pseudo science that notes the significant differences between the races on standardized testing. You just can't handle the truth of the results. 2) Are you really sure you want to go with that line of thinking buckwheat? So you want to argue that genetics explains NO part of the IQ differences? I'll bet you want to say it's family wealth. oops that didn't work Childhood starvation: nope WIC So if genetics is out (according to you) controlling for family income is out, starvation is out, what's left? Looks like you've hung your hat on: Crappy parenting and maladaptive cultural attitude:
Which is exactly what we conservatives/Austrians/libertarians have been warning your stupid ass about.
Sorry but that makes no sense. You are pretending that inflation will be across the board everywhere simultaneously so as for the consumer to not notice nor care. That's great , but that scenario does nothing to materially change the proportion of debt outstanding.
Yet. The problem is, the Fed really can't reverse that money and pull it back out of reserves. So instead, we have cost-push inflation, where commodities rise (because banks simply use the excess cash as collateral to buy assets), but finished goods continue to fight over price. This is why food is more expensive (since there is little difference between raw material and final product) and hedonics on things like washing machines and computers allow the BLS to report lower CPI. Why do you think the Federal Reserve never lowered the rate they pay on deposits? They could make it negative if they wanted, and then banks would be tripping over each other to get it into the economy through loans or anything else. The Fed knows this would spike inflation.
Yes it can, and it can be done gradually. I was reading about a real world example just last week. I have no doubt that that's precisely what the Fed will do.