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1. Judge Dread (judgedread@poa.st)'s status on Saturday, 18-Jan-2025 08:53:48 JST Judge Dread
   To deflate the money supply would crash the economy so hard that there would be an insurrection.
   • Trevor Goodchild:verified::pondering_orb: (trevorgoodchild@poa.st)'s status on Saturday, 18-Jan-2025 08:53:47 JST Trevor Goodchild:verified::pondering_orb:

     in reply to
     @judgedread 'Tall Paul' Volcker pulled off curbing inflation in the 1980s by hiking interest rates to 20%+ ('shock therapy') as Fed Chairman
     
     Would be amusing to see the experiment repeated during fat orange retard's tenure
     Kenny Blankenship likes this.
   • Judge Dread (judgedread@poa.st)'s status on Saturday, 18-Jan-2025 08:54:00 JST Judge Dread

     in reply to

     • Trevor Goodchild:verified::pondering_orb:
     @TrevorGoodchild The conventional view of that is that the tax cuts acted as a Keynesian stimulus, counteracting the high interest drag, thus a booming economy by 1983 despite what would be seen as outrageous rates today.
     
     Also the feds didn't owe $33 trillion in 1981...
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   • Kenny Blankenship (dw2@poa.st)'s status on Saturday, 18-Jan-2025 08:57:09 JST Kenny Blankenship

     in reply to

     • Trevor Goodchild:verified::pondering_orb:
     @judgedread @TrevorGoodchild iirc around ‘82/‘83 boomers in big numbers started getting into the stock market, which had been stagnant for like 15 years. Today the market’s been super inflated by decades of QE/Fed back door manipulation
   • Judge Dread (judgedread@poa.st)'s status on Saturday, 18-Jan-2025 08:58:30 JST Judge Dread

     in reply to

     • Kenny Blankenship
     @DW2 It took 53 years for retail investors to get over the trauma of 1929.
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   • Kenny Blankenship (dw2@poa.st)'s status on Saturday, 18-Jan-2025 09:04:50 JST Kenny Blankenship

     in reply to
     @judgedread Crazy to look at a long term graph of the S&P 500 and see prolonged periods of time where the Big Line did not go up
   • Trevor Goodchild:verified::pondering_orb: (trevorgoodchild@poa.st)'s status on Saturday, 18-Jan-2025 10:18:48 JST Trevor Goodchild:verified::pondering_orb:

     in reply to

     • VikingWays
     @VikingWays @judgedread It is mathematically impossible unless tangerine idiot wants to go full Argentina and default default default
     
     (This will not happen)
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   • VikingWays (vikingways@nicecrew.digital)'s status on Saturday, 18-Jan-2025 10:18:49 JST VikingWays

     in reply to

     • Trevor Goodchild:verified::pondering_orb:
     Those idiots that purchased a 5/1 ARM would be shitting bricks.