Cahaba Valley Farm
Veteran Member
I went to Kubota's website tonight to check prices and it looks like they have raised prices again but lowered the financing costs. They're apparently just playing the shuffle game right now.
Why would they do that?
Same reason your tractor dealers do it.
I remember walking into my bank, kind of disgusted with my money market int rate. I let my asst manager know that and he adjusted the rate upwards considerably.
All I had to do is ask.
Apparently not. If you have the time, I'd be curious about your thoughts.That has not been my experience with either banks or tractors.
While I'm not a fan of zero reserve, the move to zero reserves is inconsequential to the money supply compared to deficit spending. Deficit spending absolutely increases the money supply.
So stop quoting people who do not understand Economics and take a few classes. There is much here you have wrong and I don't have the time or inclination to devote the background instruction it would take to help you understand. Not trying to be mean here, but it is rather like asking an attorney to give you free advice on legal matters and being frustrated when his advice does not match what Wikipedia said.Please explain?
Deficit spending by local governments is done via bond issues, yes? Which the bonds are bought by..investors, using money that already exists.
Deficit spending by the federal goverment is done via...treasury/bond issues, which similarly are bought by investors, but also by the federal reserve via quantitative easing. I agree quantitative easing is basically printing money from thin air..but QE is the issue, not deficit spending there, as the treasuries that fund the spending (not via QE) are bought using existing US dollars, no?
I fail to see how deficit spending increases the money supply more than fractional reserve lending, where each loan made can be 100% newly magiced money due to zero serves, or 90% new money (assuming 10% fractional reserve).
IMO, this is an important topic as most people (and perhaps I'm one of them) don't understand our monetary system, how money is created, or what is actually causing inflation (increase in money supply, not increase in prices).
So stop quoting people who do not understand Economics and take a few classes. There is much here you have wrong and I don't have the time or inclination to devote the background instruction it would take to help you understand. Not trying to be mean here, but it is rather like asking an attorney to give you free advice on legal matters and being frustrated when his advice does not match what Wikipedia said.
Arguing on the internet is like competing in the Special Olympics,,, even if you win you are still just "Special" Ha HaClearly this isn't worth continuing to pursue, but I'll at least point out your flawed assumptions on me quoting anyone else vs sharing my own thinking, as well as not being educated on economics. I've explained and backed up my thinking, and here you're just making an ad-hominem and positioning yourself as a expert/professional that can't be bothered to engage in discussion and debate.
Obviously you "win". Yay?
No, I'm an Economics teacher who gets paid to do this all day with 17 year olds. In order to debate, you need the background understanding. I'm no expert. There are experts and my recommendation that you learn from them rather than 'debate' here on a topic with which you admittedly have no knowledge. Not looking to win anything. Just not a fan of people repeating incomplete and incorrect information to others who may think it is true. To be fair AOC is theoretically an expert as she has a degree in Economics, but her professors should have their credentials revoked.Clearly this isn't worth continuing to pursue, but I'll at least point out your flawed assumptions on me quoting anyone else vs sharing my own thinking, as well as not being educated on economics. I've explained and backed up my thinking, and here you're just making an ad-hominem and positioning yourself as a expert/professional that can't be bothered to engage in discussion and debate.
Obviously you "win". Yay?
So not all economists agree, right?No, I'm an Economics teacher who gets paid to do this all day with 17 year olds. In order to debate, you need the background understanding. I'm no expert. There are experts and my recommendation that you learn from them rather than 'debate' here on a topic with which you admittedly have no knowledge. Not looking to win anything. Just not a fan of people repeating incomplete and incorrect information to others who may think it is true. To be fair AOC is theoretically an expert as she has a degree in Economics, but her professors should have their credentials revoked.
The key here is the word "compete". If there is a better offer somewhere else and the bank needs the deposits then they will compromise. I don't see that as being about negotiation as I see it being about awareness of the market conditions. In your scenario the customer has leverage which incentivizes the bank administrators to adjust their rates to keep your money there if they actually want it.Banks are businesses. They compete with other banks for deposits which they use to make loans (read profits). If they want your business, they will negotiate, a bit.