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General Boards - Politics
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Replies: 6
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Hey Trumpers! Please let us know


Apr 23, 2025, 2:59 PM
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Jeffrey Sachs is wrong …….

https://www.linkedin.com/posts/koelman_jeffery-sachs-on-trade-deficits-and-some-ugcPost-7319479136240996352-6mwD?utm_source=share&utm_medium=member_desktop&rcm=ACoAAADftWwB1iCMWMkm-KMOKLPGX-kWXubAM50

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Soooo .... the student loan forgiveness folks are wrong too


Apr 23, 2025, 3:47 PM
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based on his analogy.

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Re: Soooo .... the student loan forgiveness folks are wrong too

1
Apr 23, 2025, 6:46 PM
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Maybe in your world, where every issue has a binary answer / solution, you might think that’s what Jeffery Sachs is saying.

But once again, you are wrong, this is not what Sachs is saying.

So, can you tell us how he is wrong?

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Sure ... in his example a consumer (i.e., the student) runs up a bunch


Apr 24, 2025, 8:35 AM
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of credit card debt (i.e., student loan debt).

When the bill comes, the consumer blames the credit card company (i.e., the student loan bank) for allowing them to run up such a bill (i.e, student loan debt).

Sorry you couldn't connect the dots on that one.

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Re: Sure ... in his example a consumer (i.e., the student) runs up a bunch


Apr 24, 2025, 8:45 AM
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Bless your heart

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Spending money with a credit card is not a trade deficit


Apr 24, 2025, 8:38 AM
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unless you are selling goods back to those companies. Spending money with credit cards that you don't have is more like government deficit spending.

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Re: Spending money with a credit card is not a trade deficit


Apr 24, 2025, 8:46 AM
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So you really don’t understand what Sachs was saying.

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