jillian
Princess
I suppose...if one likes meaningless blather...
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I suppose...if one likes meaningless blather...
I suppose...if one likes meaningless blather...
I suppose...if one likes meaningless blather...
Only meaningless to those who probably didn't understand it.
I suppose...if one likes meaningless blather...
Only meaningless to those who probably didn't understand it.
I doubt there's anything you could write that I wouldn't understand...I just think your certainty without knowledge is blather. People like Toro and a few others are the people I would look toward for knowledge in economic areas...
Richard-H has the right idea economically and historically.
If you accept that we haven't been a free market since 1890, which I would dispute by the way, then how can you blame the free market for our current downturn? It makes no sense. As to deregulation since the 80's being responsible, that's a fallacy. Regulation easily outstrips any deregulation.
The Federal Reserve is responsible for this recession, and we can agree that the Federal Reserve is not a creation of the free market I'm sure. By artificially lowering interest rates the Fed created malinvestment which seemed to be good during the boom period, but must inevitably bust. Now we're simply doing the same things we did to create the recession, to solve the recession. It's an exercise in madness that is only going to make our situation that much worse.
If you accept that we haven't been a free market since 1890, which I would dispute by the way, then how can you blame the free market for our current downturn? It makes no sense. As to deregulation since the 80's being responsible, that's a fallacy. Regulation easily outstrips any deregulation.
The Federal Reserve is responsible for this recession, and we can agree that the Federal Reserve is not a creation of the free market I'm sure. By artificially lowering interest rates the Fed created malinvestment which seemed to be good during the boom period, but must inevitably bust. Now we're simply doing the same things we did to create the recession, to solve the recession. It's an exercise in madness that is only going to make our situation that much worse.
We have had a constantly decreasing regulatory economy since the 1980s, which has caused this mess - that combined with trickle up economics.
So since you feel that the Fed's handling of the interests rates was the primary cause of this economic disaster, then you'll have to agree that Milton Friedman's monetarist theory was a bunch of BUNK - since that was the guiding philosohy of the Fed's actions that lead up to this mess.
And if you agree that monetarism is bunk, perhaps you'll also consider Friedman's views on free-market economics equally.
And while your considering those, let's review a few more of Friedman's views:
-The military is a socialist organization and should be entirely privatized.
-The public school system is socialist and should be abolished
-All drugs should be legal and traded as commodities
-Argentina and Chile were (in the 1970s & 1980s), model societies that all nations should emulate.
Milton Friedman was a FASCIST ASSHOLE!
I agree that Keynesianism and monetarism are "bunk." I'm a proponent of Austrian free market economics, and believe that it's the market that should be setting interest rates rather than a central bank that will only cause malinvestment.
If you accept that we haven't been a free market since 1890, which I would dispute by the way, then how can you blame the free market for our current downturn? It makes no sense. As to deregulation since the 80's being responsible, that's a fallacy. Regulation easily outstrips any deregulation.
The Federal Reserve is responsible for this recession, and we can agree that the Federal Reserve is not a creation of the free market I'm sure. By artificially lowering interest rates the Fed created malinvestment which seemed to be good during the boom period, but must inevitably bust. Now we're simply doing the same things we did to create the recession, to solve the recession. It's an exercise in madness that is only going to make our situation that much worse.
We have had a constantly decreasing regulatory economy since the 1980s, which has caused this mess - that combined with trickle up economics.
So since you feel that the Fed's handling of the interests rates was the primary cause of this economic disaster, then you'll have to agree that Milton Friedman's monetarist theory was a bunch of BUNK - since that was the guiding philosohy of the Fed's actions that lead up to this mess.
And if you agree that monetarism is bunk, perhaps you'll also consider Friedman's views on free-market economics equally.
And while your considering those, let's review a few more of Friedman's views:
-The military is a socialist organization and should be entirely privatized.
-The public school system is socialist and should be abolished
-All drugs should be legal and traded as commodities
-Argentina and Chile were (in the 1970s & 1980s), model societies that all nations should emulate.
Milton Friedman was a FASCIST ASSHOLE!
I agree that Keynesianism and monetarism are "bunk." I'm a proponent of Austrian free market economics, and believe that it's the market that should be setting interest rates rather than a central bank that will only cause malinvestment.
It's easy to be a proponent of an economic system that can never exist. The Austrian Free Market system simply cannot exist becuase no economic system can exist without government, other than pure barbarism.
For an economy to exist the dominate military paradigm must dictate a least that transactions are peaceful, that transactions are willful and that contracts must be honored. That would be the minimum to create an economy.
But, for that dominant military paradigm to exist, it must tax and it must create a system of industry to support itself and insure that it remains the dominant military paradigm.
Once those two needs are met, the free-market no longer exists.
A free market needs government, yet the very existence of government destroys the free market. Therefore free market cannot exist.
Try dabbling in reality sometime - it's a bit more challenging.
Have you considered that the mantra of 'free-market' is nothing more that a slogan propagated by scammers and con men in order to get the public to accept a monarchist based economy camoflauged as an attempt to transform an otherwise eglaritarian economy into a 'free-market' economy?
Have you considered that the mantra of 'free-market' is nothing more that a slogan propagated by scammers and con men in order to get the public to accept a monarchist based economy camoflauged as an attempt to transform an otherwise eglaritarian economy into a 'free-market' economy?
Have you considered that government intervention in the market leads to your so-called "monarchist based economy?" That's what history shows us over and over.
Have you considered that the mantra of 'free-market' is nothing more that a slogan propagated by scammers and con men in order to get the public to accept a monarchist based economy camoflauged as an attempt to transform an otherwise eglaritarian economy into a 'free-market' economy?
Have you considered that government intervention in the market leads to your so-called "monarchist based economy?" That's what history shows us over and over.
No. If it's a democratically elected government, then government intervention in the market would constitute a democratically based economy.
(Like duh!)
Regardless, when the government intervenes in the market it simply causes problems.
Regardless, when the government intervenes in the market it simply causes problems.
when government DOESN'T intervene, you end up in a Dickensian hell where only very rich and very poor exist.
a viable democracy requires a strong middle class...and the only thing preserving the middle class is government controls.
or you could live in a banana republic, i suppose.
Regardless, when the government intervenes in the market it simply causes problems.
when government DOESN'T intervene, you end up in a Dickensian hell where only very rich and very poor exist.
a viable democracy requires a strong middle class...and the only thing preserving the middle class is government controls.
or you could live in a banana republic, i suppose.
It's the government that destroys the middle class through it's policy of inflation and interest rate manipulation.