Quote from: jbreher on August 18, 2019, 03:38:54 PM

Quote from: somac. on August 18, 2019, 12:16:05 AM

expect large US infrastructure spends in the future. This would be enough for the US to avoid recession alone.

The US gubmint can financialize themselves any amount of currency. The problem is that those in charge confuse financializing currency with marshaling wealth. Funny thing about wealth is that it is tangible, and cannot be zapped into existence by an entry into a spreadsheet.

Well infrastructure is wealth, if of course it's targeted, not airports in the middle of deserts like sometimes happens (in Spain famously). The US should also spend a lot on education to raise the level of its citizens.

I'm very doubtful any of that will happen though, as indeed people in charge (companies propping up US politicians) don't care about the long term.