Bighorn, what are you even talking about? You're saying government debt is the reason for inflation and it's going to cause inflation to keep increasing?
I bought a box of shots at a wedding one time. Circa early 2000s. $180. Adjust that for inflation
How old are you? Obvious you weren't around in the 70's.
What a crock of bs, could you mis represent any harder to maintain your narrative? He had to deliberately ignore years of communications before they're seizing assets.
Don't how long his tax problem was going on. It was back in the 90's. Contractors didn't drive jacked up trucks back then. Just beat up trucks. Should of said his bank accounts were frozen. The issue was resolved. My point was back then the IRS was very aggressive in getting money owed to them. Today they might be quite lax. If every contractor you know brag about how they cheat the system, it's only a matter of time before they get an audit. It always catches up to you. Ask Hunter.
I had never heard of those, and had to look them up... Thank you for the ideas, I'll dig into the details, and see what they are made of.
Were you alive in the 1930's? Here is what happens the last time the government tried to run a balanced budget in the middle of an economic downturn.How old are you? Obvious you weren't around in the 70's.
Sound a lot like what we are in the midst of in the 2020's? Cheap money and out of control government spending, that leads to out of control inflation and debt. Then high unemployment. Add a string of incompetent elected leaders. (Johnson, Nixon, Carter-Obama, Trump, Biden) Once the snowball starts rolling downhill it feeds on itself. That's where we are headed. That's why I don't have much faith in the market in the next several years. We will find out soon enough who is right and who is wrong.
The Great Inflation of the 1970s
In the 1970s, moves meant to prevent unemployment instead did the opposite, rocketing inflation and creating one of the worst fiscal disasters of the century.www.investopedia.com
neffa, a huge portion of building customers prefer dealing with contractors who skirt regulations...until it bites them, and it often does. Residential is the worst but it exists plenty in commercial also. I have to laugh when I overhear someone 'misrepresenting' a successful builder or subcontractor as being too expensive. We've had many a GC or owner contact us to finish or remedy a subcontract for incorrect install or failure to perform.
A study by two economists at the University of California, Los Angeles estimated that the New Deal extended the Great Depression by at least seven years.Were you alive in the 1930's? Here is what happens the last time the government tried to run a balanced budget in the middle of an economic downturn.
The Great Depression: Overview, Causes, and Effects
The Great Depression was a devastating and prolonged economic recession that followed the crash of the U.S. stock market in 1929.
AMEN!
The statement isn't exactly worded correctly in my opinion. The study (actually, they created a model and concluded from that model, so typical of university economists) that said some of the policies designed to give labor more power in negotiations hampered the economy's ability to return to trend growth. Lots of ways to pick apart economic models because they have a ton of assumptions and none of them prove anything. You also have to remember that US economy was largely Agricultural at the time and the entire country was in a prolonged drought. Not surprising it couldn't get back to trend.
Those were the guys I remember doing work for my parents, I can't find them anymore.
Back then all you needed to be a contractor was a dog and a truck. Now I guess you need a dog and a jacked up truck.
And excuses. Every contractor now says "the last contractor to work on this didn't do it right". Those were probably the guys in the beat-up trucks. I've seen enough of the work to agree it wasn't done right. God blessed contractors when he invented caulk.Back then all you needed to be a contractor was a dog and a truck. Now I guess you need a dog and a jacked up truck.
Bingo........
Nope I sure wasn't. I didn't make my appearance til the 80s. That article though talks a lot more about Fed policy driving 70s inflation than debt.How old are you? Obvious you weren't around in the 70's.
Sound a lot like what we are in the midst of in the 2020's? Cheap money and out of control government spending, that leads to out of control inflation and debt. Then high unemployment. Add a string of incompetent elected leaders. (Johnson, Nixon, Carter-Obama, Trump, Biden) Once the snowball starts rolling downhill it feeds on itself. That's where we are headed. That's why I don't have much faith in the market in the next several years. We will find out soon enough who is right and who is wrong.
The Great Inflation of the 1970s
In the 1970s, moves meant to prevent unemployment instead did the opposite, rocketing inflation and creating one of the worst fiscal disasters of the century.
