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Displaying (3) Comments | Comment on this piece | Report objectionable art
To the artthread.org administrator, Thanks for the well-organized and comprehensive post!
By: | Jan 27, 2023 | Report Comment
RE: Thanks for the movie clip; looks good.I've been thinking laelty that the debt isn't so dire. On a really macro scale it's like an underwater homeowner, except when the gov't eventually defaults, the people get to keep everything that borrowed money bought. (Just let the Chinese et al try to take it back.) America can severely reduce its spending when absolutely needed; massive waste is everywhere. After the country defaults (or even before) and a severe global depression is upon us, prices will be so cheap that people and the gov't won't need to spend nearly as much. They won't be working as much either, and that counts for something. There will be lots of losers and strife, but after a global reset America won't be in debt any more, and the rich won't be as rich as before. I'm confident we'll retain our democracy (such as it is) and taxes on the rich will be far higher after the dust settles. Rate this comment: 0 0
By: | Mar 12, 2014 | Report Comment
RE: The first energy embrgao of the early 1970s was OPEC related. The late 1970s was from low production from Iraq/Iran. After that, there was problems with OPEC member cheating. The cheating is very difficult to support, but later when OPEC has calling for lowered production, prices have remained relatively low. Cheating is one explanation, but other explanations include increase efficiencies, alternative fuels, and behavioral changes that reduce demand (such as teens reducing cruising).Today there are two problems:1. Not many have been able to raise prices, no matter input costs.2. Efficiencies are much higher, so the total impact is lower.I estimate that on average fuel is 20% of the cost of vehicle ownership. There's the cost of capital (or opportunity cost), maintenance, insurance, depreciation, taxes, fees, tolls, and so on. This depends, in large part, on the number of miles traveled and the age of the car. The fuel percentage is generally lower for someone driving a brand new car, no matter the number of miles traveled. On the other hand, if someone is driving a 1989 Ford Ranger, the fuel expense is probably more than 20%, if the number of miles driven is high enough.The bigger problem, however, is a result from poor computation of costs. We all have seen the person who is upside down on a car (i.e. owe more than the vehicle is worth). They think they are getting ahead by driving that new car, but in the end, the cost was much more. Rate this comment: 0 0
By: | Mar 12, 2014 | Report Comment
barook_rokokko
margaretz
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