Comments on: What to do about debt Wed, 07 Oct 2015 17:23:32 +0000 hourly 1 By: Lord_Foxdrake Fri, 01 Jun 2012 23:14:22 +0000 Not to beat this into the ground but the promise of Barak Obama was to “be able to walk and chew gum at the same time.”

When the system is broken and people are depressed, the first order of business is to get them feeling better. The get the machine working again and when that happens, make the structural improvements that keep it going or dare I say, make it better.

Think about a relationship you’ve has with a really hot girl. (That’s IF you’ve had one)

There’s all sorts of issues, she’s hot, she’s passionate, she has an arse to kill for but … alas, she’s crazy.

There’s serious structural issues there.

Now, you’ve had a really bad fight. She wanted you to spend the day with her mom (a potential mother-in-law). You want to go the Yankees or Phillies game (no one watches the crappy Mets). Moreover, you’ve been planning this for a long time with a bunch of your bros.

You’re going.

So you go, she’s pissed, throws all your stuff from the third floor window of your apartment and curses at you in Spanish for 2 hours while your stereo equipment rains from above.

You’re in hell. You’re depressed. This isn’t working.

Time to MAN up.

Time to go up there and profess your undying love.

Time to get on your hands and knees and do whatever it takes to “bring her back to reality” from a state of hyper-insanity.

Then once she’s cried for 2 more hours, you’ve yelled for 2 more, she’s gone in the bathroom, the bedroom, packed and unpacked her stuff 1/2 a dozen times…

You finally kiss and fall into the embrace of each other’s arms.

Then something magical happens.

Make-Up Sex.

The edge is off. The anger is drowned in a pile of shame and sweat and love.

And for a moment, all is right with the world.

Then, the next morning, you wake up early, make her breakfast, shower, dress, leave early for work.

And then sometime on the subway, you make an appointment with a couple’s therapist; because as great as last night was, and now that your stereo equipment is back where it belongs.

You’re NEVER going through that again; you’re not hanging with her Mom and you’re NOT missing the Yankees game.

Those “structural issues” are going to addressed.

Or you’re finding another HOTTIE! Stat.

By: trevorh Fri, 01 Jun 2012 20:13:16 +0000 Sex is like debt in that it makes you feel good for the moment yet ignoring the the real structural and long-term problems.

Imagine a person in bad situation, will sex make him less depressed? Yes of course, he will feel better for the moment, but the real problem will still be there.

Will more government debt solve the big underlying problem? No it won’t, but it will make things look better for the moment, it creates more “jobs”.
Keynesian expansionary monetary policy is like having more sex to feel better for the time being.

The solution to solve the long-term structural problem requires a lot of values and characters that are devoid in today’s society and culture.

We are what we try to be. We evolve into what we value and tolerate, and we definitely are valuing and tolerating the wrong values and characters. Economics depression is simply the corollary.

By: dcyacht Thu, 31 May 2012 23:52:00 +0000 wow, really smart reporting.

By: Hogwashua Thu, 31 May 2012 19:49:25 +0000 @Lord_Foxdrake –
I must point out that you inadvertently proved Mr. Hadas point that sex and debt is a fantastic analogy by expressing the view that economies should take the same attitude toward debt as you have toward sex.
I’m just sayin’.

I also find it ironic that in your version of the analogy sex exists only as a stand-alone act with the focus on performance of the act itself. There is very little in the tone of your comment that would imply that you value such things as commitment or loyalty to compliment your brand of virile and messy sex. Of course good sex takes effort and passion. But good relationships require these things as well as commitment and loyalty. Sex obviously can be a tremendously helpful part of healthy relationships. But why deny that it can also be incredibly destructive? The failure to recognize long-term consequences is perhaps the most powerful aspect of the metaphor, and one which you have just proven marvelously by ignoring them entirely. And until we can change our attitudes toward debt and increase our level of commitment to reducing irresponsible over-borrowing, our efforts will be about as effective as an unfaithful husband trying to fix his failed marraige with a little Viagra.

By: ThomasisaPaine Thu, 31 May 2012 13:16:59 +0000 Thanks you helped me figure out the solution of how to get out of this economic depression…..and I have not known the answer to the problem for almost 3 years. Way cool, now I know 4 answers an OCD needed! (world GINI/environment, Education, Medical and now ending the depression) ssion-or-depression/

By: melisande Thu, 31 May 2012 10:22:29 +0000 Mr. Hadas is a far more versatile and talented man than some people, who appear to harbour insecurities regarding their own background and possibly their own sexuality, seem to think. He’s been taking this lady’s breath away for years, so there you are.

By: TobyONottoby Wed, 30 May 2012 21:44:50 +0000 Edward Hadas –

Also well done, and don’t let Lord_Foxdrake knock the glide from your stride!

Something else to consider – The class of problems for which there is no technical solution. Nuclear warfare and overpopulation have been placed in that category. Perhaps debt belongs there as well. Administrative solutions have been suggested for such problems*.

*The Tragedy of the Commons by Garrett Hardin 59/1243.full
Science 13 December 1968
Vol. 162 no. 3859 pp. 1243-1248

By: TobyONottoby Wed, 30 May 2012 19:14:13 +0000 Lord_Foxdrake –

Well done!

By: TobyONottoby Wed, 30 May 2012 19:13:38 +0000 NilsPils –

With respect to generations of child support, I assume you’re referring to the national debt of the USA, which currently has a debt to GDP ratio of almost 1:1 exactly. In other words, bupkis. To reiterate…

The US came out of WWII with a government-debt-to-GDP ratio of about 1.25, and survived quite nicely, thanks to the fact that nations are virtually immortal, and thus, unlike households, never give a lender cause to worry about their actuarial prospects. Nations can therefore maintain high debt-to-GDP ratios forever. Mortals can only maintain high debt-to-earnings ratios from about age 25 to age 55 – hence, the 30-year mortgage.

Note: Mortals, such as humans, have sex. Immortals, such as nations, do not. Such is the price of immortality.

By: Lord_Foxdrake Wed, 30 May 2012 18:37:13 +0000 @Nils

we’re talking about sex, not reproduction.

that’s what condoms, abortions and birth control is for.

have, sex but have it responsibly…use a rubber or the pill.

you white-bread dudes never really partied did you?