I hate to say it but: I TOLD YOU SO

Discussion in 'Economy' started by Skull Pilot, Nov 17, 2008.

  1. Skull Pilot
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    Skull Pilot Platinum Member

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  2. jillian
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    jillian Princess Supporting Member

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    You're takling about someone from the Cato Institute. What position did you think they would take?

    They were also for tax cuts for the wealthy and supported privatization of social security, which, if they had their way, would have screwed everyone of social security age right now.

    So I figure they're wrong on pretty much every economic issue. At least they're not disgusting on social issues and privacy rights.

    Thanks, though.

    Cato Institute - Wikipedia, the free encyclopedia
     
  3. GigiBowman
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    GigiBowman Active Member

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    Skull, don't you know that Austrian Economics is no longer a valid subject unless it's put in the "Conspiracy Theory" section lol

    Iran is listening though lol
     
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  4. glockmail
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    glockmail BANNED

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    Way to dismiss some of the world's best thinkers, who have been proven right over and over, and be open minded, Jill! :cuckoo:
     
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  5. xsited1
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    xsited1 Agent P

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    Cato has been right on practically every economic issue since they began operations. Tax cuts for the "wealthy" is Left-speak for wealth redistribution. JFK tried this with great success. Privatizing social security gives people more freedom to do what they want with their money, which means more Liberty. That's what America is all about.

    Bring a valid argument to the table giving us specifics on how they have been wrong on an economic issue and we'll be more than happy to listen.
     
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  6. Shogun
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    Shogun Free: Mudholes Stomped

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    "best thinkers"? yea, right. "Right over and over again"? :lol: CLEARLY!

    :cuckoo:
     
  7. Skull Pilot
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    Skull Pilot Platinum Member

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    Well then give us some nuggets from who you would call better thinkers.

    We could always just print more money, suppress interest rates and then throw billions of tax payer dollars at the problem all to have the boom bust cycles start all over again but at an accelerated pace.

    Good plan, let's do that

    Oh yeah we ARE doing that already.
     
    Last edited: Nov 17, 2008
  8. editec
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    editec Mr. Forgot-it-All

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    If Mr. O'Driscoll, a senior fellow at the Cato Institute, thinks that we can go on a gold standard and NOT have DEFLATION, he has been misinformed.

    One wonders how much gold the fellows at CATO institute have hoarded in hopes that such an idiotic policy will be initiated.

    FYI, There is a finite amount of gold in the world.

    There is an infinite (in comparison, at least to gold) amount of goods and services that will be created in the future. That number will continue to increase far more quickly than the amount of gold brought into circulation.

    Do the freakin' math, you Austian economics fans, and get back to me with your findings about what happens to the prices of good and services generally, when their aggregates must tally (in value) to the amount of gold extant in the universe.

    If you do not come up with a massive DEflation scenario, then by all means do NOT give up your dayjobs to become macro-economics.
     
    Last edited: Nov 17, 2008
  9. xsited1
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    xsited1 Agent P

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    Well, that's not quite right. Here's what the article says:

    How is that a bad idea?
     
  10. Kevin_Kennedy
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    Kevin_Kennedy Defend Liberty

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    http://mises.org/books/deflationandliberty.pdf
     

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