All Things Biden: Is It Over Yet?

[Tero]

Lol, Biden has had to back peddle on his campaign immigration remarks, because the idiots took him seriously and they're marching through Guatemala on the way to Mexico. I bet they think he won't put the kids in cages, too.

Poor fucking saps. Oh how sharper than a serpent's tooth...

All those people actually can apply for asylum. This is the thing that pissed off Trump supporters. Why can't they bring white people from ...Norway.

[Tero]

Biden has a code name. Not Sniff.
https://en.wikipedia.org/wiki/Secret_Service_code_name

Kamala is Pioneer.

Official "secret" code names

Barack Obama – Renegade[8][13][23][28]
Michelle Obama – Renaissance[8][23][29]
Malia Obama – Radiance[9][23][30]
Sasha Obama – Rosebud[9][23][30]
Marian Shields Robinson – Raindance[31]
Donald Trump – Mogul[32][33]
Melania Trump – Muse[33]
Donald Trump Jr. – Mountaineer[34]
Ivanka Trump – Marvel[35]
Eric Trump – Marksman[34]
Jared Kushner - Mechanic[36]
Joe Biden – Celtic[8][9][37]
Jill Biden – Capri

[Tero]

Trump clan landed at the same airforce base where Trump will be ejected out of our lives tomorrow. The motorcade of federal and Maryland vehicles is about 50 cars.

[Tero]

Carlson says it's not fair to remove potential asassins

evil Democrats take over millitary

[Brian Peacock]

Thanks Reagan Bush and Trump: we are a shithole country.A366F1C9-7999-42E8-B2D2-54D1E37BD032.png
Column makes this a Biden problem now
https://www.cnn.com/2021/01/19/opinions ... index.html

But according to MMT the Feds don't raise taxes to pay for things. If more money is needed they can simply push a few buttons and presto, the money is where it needs to be.

Yes, the money is created centrally and pushed out into the economy, where it does stuff and multiplies, until it's returned to the treasury by taxation etc. The IRS is where dollars go to die. At the moment returns are slow. Slow enough to create a government deficit. Governments are in deficit when there's more going out and staying out than coming back. Imagine that - a government deficit means there's lots of value out in the economy, doing stuff, buying and selling stuff, making more of itself. When a central bank pushes a load of money out into the economy, for whatever reason, supply-and-demand suggests that the value of the money will go down over time and inflation will rise. How much money is left hanging around in the economy, and for how long, is a matter for taxation policy. Money has been steadily pushed into the economy for 12 years now by various forms of QE - and yet there's no inflation (This was brought home by a friend who recently twigged that the admin charges on his modest savings have been exceeding the interest for more than a year). If there's no inflation then there isn't a surplus of money in the economy. Where has all the value gone? (Long time passing...)

[Tero]

There was a lot going on with Hunter Laptop up to a month before the election.
https://en.wikipedia.org/wiki/Biden%E2% ... hard_drive

None of Rudy's attempts got anywhere, and no "FBI report" on any laptop appeared. That section was twice as long as the conspiracy enthusiasts added to it. It got chopped back to two paragraphs.

[pErvinalia]

If there's no inflation then there isn't a surplus of money in the economy. Where has all the value gone?

Into cheaper goods due to 'technological deflation' and productivity increases due to automation.

[Brian Peacock]

How? In what way? To what extent? etc?

[pErvinalia]

How? Technology gets cheaper over time. So, you get more value per $ spent. And increased productivity earns more GDP per $ spent.

Extent? I don't know specifics, but qualitatively speaking these effects are real.

[JimC]

I'm waiting for gin prices to tumble!

[pErvinalia]

No chance, the hipsters are into it.

[Animavore]

Yeah, I drink that stuff all the time now from goldfish bowls.

[Svartalf]

I'm waiting for gin prices to tumble!

You're three centuries late for that, since then, they've discovered taxing the stuff.

[rainbow]

Lol, Biden has had to back peddle on his campaign immigration remarks, because the idiots took him seriously and they're marching through Guatemala on the way to Mexico. I bet they think he won't put the kids in cages, too.

Poor fucking saps. Oh how sharper than a serpent's tooth...

All those people actually can apply for asylum. This is the thing that pissed off Trump supporters. Why can't they bring white people from ...Norway.

Slovenia have many healthy young women, obedient and low price.

[Hermit]

I'm waiting for gin prices to tumble!

You're three centuries late for that, since then, they've discovered taxing the stuff.

Wrong. The first imposition of taxes on spirits in Great Britain were introduced by William of Orange in 1689. They were steep indeed, but only applied to the imported (i.e. French) stuff. He also instituted the ‘Corn Laws’, which functioned as a tax break on domestic spirit production. With George II's 1736 Gin Act production costs did soar, but the effect of extortionate license fees and heavy taxes was not as great as the size of license and tax increases might suggest because most production just went underground, avoiding both altogether. Underground producers were of course competing against each other rather than legitimate distillers.

Authorities eventually recognised that they had basically shot themselves in the foot. They decided they'd be better off getting something out of a lot than a lot out of nothing. Hence the Gin Act of 1751. It lowered license fees and taxes by a substantial amount. Underground producers saw an opportunity to go legit. There was money to be made selling gin to artisans, tradespeople and the emerging middle classes. Then there was a grain harvest failure. Parliament introduced a minimum output requirement and doubled the duties on distilled spirits. Unfortunately that cut off gin supplies to the lower classes. They rioted in the streets, alas to no effect. By 1757 they had turned away from gin and got into beer instead.

Fees and excises had their ups and downs. On the whole, though they were more than offset by falling production costs, economies of scale and dramatically cheaper transport overheads. Production costs were dramatically cut with the invention of a new continuous still by Aeneas Coffey in 1832, which replaced the alembic pot still. It was less costly to maintain and used significantly less fuel. There should be no need to explain how economy of scale reduces production costs. As for transport, compare sails, horse and dray and manhandling of goods every step of the way with 20 ton shipping containers, 100,000 ton freighters operated by two or three dozen crew members, B-doubles that carry 40 tons of freight at a time, forklift trucks et cetera.

Most of the gin and other spirits are imported into Australia by the world's second largest distillery conglomerate, Diageo. Diageo owns the liion's share of mass distilleries and hundreds of boutique ones. The imported spirits come in 20-litre pails that are palletised, loaded into 20 or 40 foot containers and shipped off to Perth, Western Australia. From there most of the stuff is freighted by train (SCT, short for Specialised Container Services has the contract for that) to railheads in the east. From there its semi-trailers and B-doubles takes the palletized pails to Diageo's various bottling plants. I can assure you that all spirits sold in Australia today are cheaper than they were a century ago and cheaper still than when the Rum Corps ruled the trade.