Three notes: three benefits of massive debt–and why it will not choke growth or higher wages, or expanding prosperity.
1. US debt serves a global currency reserve and dampens global shocks and stabilizes markets, including the Hang Seng, Nikkei, Shanghai, DAC, CDC, and Mexico’s Bolsa. It stabilizes currency exchange rates and the banking system as well.
2. Debt is an instrument of future growth. Pension funds (public and private) depend on investments in debt to meet their future obligations; retirees are not paid from future profits, but from long-horizon returns on investments in debt and equity.
3. Debt creates micro-mobility. Whether buying a house or starting a business, families use debt to get ahead.
This concern Peterson has with debt is a Chicken Little cry (Interest rates are equally or more important! As is how the debt is used!) China’s massive One Belt, One Road, trillion dollar+ project is assuming massive debt, but it will repay its costs many times over by connecting 60 Asian/African/European countries in an efficient, low cost, secure infrastructure of modern global market–and expand their 60% share of global GDP as the global middle class expands by a billion people! By 2030.
A myopic view of debt digs a deeper hole than the money owed; more attention should be paid to its dynamics, purposes and context.
Ignoring the Debt Problem http://nyti.ms/2erEaEK
He will go down as a feminist villain: the classic perpetrator, the text book narcissist, a serial grouper with the denials/put downs/and excuses that attempt to diminish his assaults but only damage his victims again as he attacks their worth–measured in his physical fantasies.
He is the lone wolf, difficult to stop. Calculating his chances and opportunity, he is bold to use public and private ventures as cover for his crimes. His was no secret life, but part of his public personna. He quoted tabloid copy to women about his prowess; he was sneaky and silent; he was brutal and overpowering; in every case, he thought he was entitled and he could get away (“they let you”).
Even now, he cannot see his crime or shame. He cannot see the horrificness of his public bashing of his victims in sexual terms; he is a cruel misogynist. His single dimensional thinking has done multi-dimensional damage to women, as he proclaimed their silence and their bleeding (furthering stereotypes), admitted peeking at nude teenagers (lewd and sick), and blocks the reports of friends/family/and co-workers (who refute his lies). He does not understand why his thinking and actions disqualify him for President.
His filth and chronic sadism is not fit for high office. Voters–women and men–will not let him get away.
Thank You, Donald Trump http://nyti.ms/2ex3dUY
Sometimes too cute and too calculating (too eager to please!), Hillary’s conflict style–her ability to manage differences–changes given the order of the conflict.
In good times, she speaks of dreams. She offers a vision of a better world beyond the miring details that frustrate change and progress, that retard prosperity and security. (Barack consistently offers a vision of our “better angels” as he cites “work to do.”)
When conflict intensifies, she picks a side. She acknowledges when she is wrong. Her biggest fault is her most troubling: making personal decisions while blind to the politics. (The emails!) She sometimes picks wrong! (The war!) But in the management of differences, a person often changes responses as conditions become serious: given the crack epidemic and its massive violence, she was right on the crime bill; now the sentencing system needs reform.
Look beyond her speeches: her policy actions are consistent. She has not/did not “fight” for Wall Street. She has consistently fought for humane assistance/causes/rights: 9/11, refugees, women and children (healthcare, finances, personal choice), marriage, taxes.
What I remember is she came to Rev. Clementa Pinckney’s memorial service in Charleston. Barack delivered the eulogy, but she came on her own, before she announced her run, without Bill; she entered without fanfare and sat on the end of the row, alone.
That action told me more than any speech. Along with 11.5 million lives saved from AIDS.
A WikiLeaks Lesson for Mrs. Clinton http://nyti.ms/2erz4IT
That hand creeping up your leg at the state dinner is Donald Trump’s. Your country (or career or cause) desperately needs the cachet he can bestow–but right now, it is the matter of this hand–his hand (now not concerned about his germophobic obsession!) grabbing and stroking your thigh, making its way upward under the White House silver, all while he makes small talk. His hand creeps with every “great.”
What you do? Nobody goes the lady’s room in the middle of a state dinner. The secret service, conditioned over the years, are clearly no help. (You cannot privately whisper in his ear; that breaks protocol.) But letting him continue is not an act of diplomacy or patriotism; this is not the merit that you wanted to use to achieve your goal for self/cause/country.
Beware: Trump can do worse things than bad jokes at Catholic dinners.
Don’t Take Donald Trump to Dinner http://nyti.ms/2ewv7Ao
It seemed clear to everyone else. Mr. Trump was being booed at a charity dinner.
Source: Donald Trump Heckled by New York Elite at Charity Dinner – The New York Times