To Restore Prosperity, We Must Increase Economic Freedom

[EdwardBaiamonte]

To restore prosperity implement conservative libertarian agenda:

1) gold standard to create stable dollar
2) cut government so private sector has money to grow economy
3) balance budget so China and Japan have to buy our goods not out debt
4) make unions illegal to get 20 million new jobs back
5) end business taxation so business can focus on business , not avoiding taxes
6) end business taxation so business will be more competitive
7) makes health care capitalist to save each American $4000 a year.

 

[CrusaderFrank]

?

Simple question.

1950s - 1980s.

And yeah..the current "soft" depression is a result of FDR's New Deal.

The New Deal was 1950-1980?

Are you sure about that?

 

[rdean]

This is laughable.

Corporations are making record profits..but somehow regulations incur costs.

How much MORE money do they need to make? And what VALUE will all that moula have to the American Economy?

They are swimming in TRILLIONS. And that's extracted wealth that's not doing anything.

They're having a hard time hearing you. It's that damn song they all seem to listen too.

​

[ame=http://www.youtube.com/watch?v=C4t7ywRiE2k]Mad Tv Vancome Lady La La La Song - YouTube[/ame]

 

[EdwardBaiamonte]

They are swimming in TRILLIONS. And that's extracted wealth that's not doing anything.

Well its a free country; you too can extract all you want as long as you have a product to sell that is the best in the world at the lowest price in the world; that free people want more than any other? Do you have anything at all to sell other than a big liberal mouth?

If you had any idea the genius it takes to be in that position you would not dare pretend to know what they should do with their money.

The best insurance in the world, in the middle of a great protracted recession, and with a most anti-business president in our history, is tons and tons of cash.

 

[expat_panama]

...A person would fairly hard-pressed to find any economist who thinks that income inequality is good, but would have no problem finding economists who think income inequality is bad for the economy...

That's crazy. All governments that have attempted to bring about by force income equality have failed or pushed their people into lives of squalor. All economists that prefer prices set by markets (virtually all) prefer income inequality.

 

[expat_panama]

To restore prosperity implement conservative libertarian agenda: 1) gold standard to create stable dollar...

Except real life gold standards created massive price volatility with double digit inflation one year and crippling deflation the next. Definitely not what most people want when they call for a 'stable dollar'.

 

[TakeAStepBack]

That's a touch overblown. Can you indicate a year where such a volatile year to year inflate/deflate has occurred? Doubtful. That is market phenom. We'll never out due it.

Though, that does not mean they do not occur. But they are usually very short lived, rather than a year to year build up and never correct.

 

[Quantum Windbag]

...A person would fairly hard-pressed to find any economist who thinks that income inequality is good, but would have no problem finding economists who think income inequality is bad for the economy...

That's crazy. All governments that have attempted to bring about by force income equality have failed or pushed their people into lives of squalor. All economists that prefer prices set by markets (virtually all) prefer income inequality.

I am pretty sure you messed up when you edited that quote. I am also pretty sure it was an accident.

 

[Quantum Windbag]

That's a touch overblown. Can you indicate a year where such a volatile year to year inflate/deflate has occurred? Doubtful. That is market phenom. We'll never out due it.

Though, that does not mean they do not occur. But they are usually very short lived, rather than a year to year build up and never correct.

That is actually the point, fiat money is far from perfect, but it does smooth out market fluctuations due to short term changes.

 

[bripat9643]

The Gold Standard Now Charles Kadlec


The author of your little article is a right wing hack

Why, because he supports the Gold Standard?

Every sound economist supports the gold standard. Only statist hacks oppose it.

 

[expat_panama]

That's a touch overblown. Can you indicate a year where such a volatile year to year inflate/deflate has occurred? Doubtful. That is market phenom....

Sounds like you're responding to my post #66

...gold standards created massive price volatility with double digit inflation one year and crippling deflation the next. Definitely not what most people want when they call for a 'stable dollar'.

Here's a link to yearly inflation going back to 1774 with discussion, and here's a graph of the yr/yr index change:

US dollars were gold certificates 'til '33 and there've been a number of times we had "double digit inflation one year and crippling deflation the next". Maybe you misunderstood my comment to mean it happened year after year. Let's work with the fact that it happened several times and inflation/deflation was far more volatile with gold than what we've had in recent decades.

 

[midcan5]

To Restore Prosperity, We Must Increase Economic Freedom

Please allow me to rephrase that simple solution: In order to restore prosperity we must put a dollar under our pillow tonight. Tomorrow the Tooth Fairy will return us to a time when things were perfect, when no regulations existed, when business worked for the people, when government only watched TV and ate pretzels, and the employees and the nation prospered in wealth and well being. Remember those times!

See how easy it to fix any problem when you have a nice tooth fairy, nice tooth fairies are just like 'economic freedom,' rather useless, hard to define, often ambiguous, hard to find, but they keep the believers in tooth fairies happy as the world turns.

This from a guy who supports policies that generate annual $1.3 Trillion deficits and got us our first ever credit downgrade

Most of that debt came from y/our last president, did you vote for him? If so go to the mirror now and call yourself part of the problem, take two aspirins, and hope your brain returns tomorrow. If you didn't vote for him in the future address the issue and not the poster.

 

[expat_panama]

...A person would fairly hard-pressed to find any economist who thinks that income inequality is good, but would have no problem finding economists who think income inequality is bad for the economy...

That's crazy. All governments that have attempted to bring about by force income equality have failed or pushed their people into lives of squalor. All economists that prefer prices set by markets (virtually all) prefer income inequality.

I am pretty sure you messed up when you edited that quote. I am also pretty sure it was an accident.

The words in your post are still crazy even if they were quoted from Kiwiman's post. We're together with the fact that inequality is necessary and past attempts at income equality have been disastrous.

 

[TakeAStepBack]

That's a touch overblown. Can you indicate a year where such a volatile year to year inflate/deflate has occurred? Doubtful. That is market phenom....

Sounds like you're responding to my post #66

...gold standards created massive price volatility with double digit inflation one year and crippling deflation the next. Definitely not what most people want when they call for a 'stable dollar'.

Here's a link to yearly inflation going back to 1774 with discussion, and here's a graph of the yr/yr index change:

US dollars were gold certificates 'til '33 and there've been a number of times we had "double digit inflation one year and crippling deflation the next". Maybe you misunderstood my comment to mean it happened year after year. Let's work with the fact that it happened several times and inflation/deflation was far more volatile with gold than what we've had in recent decades.

Thanks for the clarity. You'll notice an interesting correlation between the largest spikes and valleys by year on price %. War. The inflation/deflation is certainly more volatile when there is an actual correction under commodity exchange units. We haven't had any real deflation in decades. We just inflate and manipulate interest rates to keep things appearing stable. But, though I'm impressed the US central bank has been able to keep this going this long, it isn't a sustainable system. Eventually, we'll be forced into a correction. WHen is the question.

 

[editec]

Where do our tax dollars go?

To welfare recipients?

Yes, sort of...but not ALL WELFARE is created the same and not all welfare recipients are equal.

Here is the 2011 list of the FED's largest CONTRACTORS.


2011CompanyContracts20101Lockheed Martin Corp.http://washingtontechnology.com/articles/list/news-top-100-companies/lockheed.aspx$17,344,113,00012Northrop Grummanhttp://washingtontechnology.com/articles/list/news-top-100-companies/northrop.aspx$10,800,453,00023Boeing Co.$8,400,115,00034Raytheon Co.http://washingtontechnology.com/articles/list/news-top-100-companies/raytheon.aspx$6,206,515,00045General Dynamics Corp.http://washingtontechnology.com/articles/list/news-top-100-companies/general-dynamics.aspx$5,493,414,000 66Science Applications International Corp.http://washingtontechnology.com/articles/list/news-top-100-companies/saic.aspx$5,159,739,000 57Hewlett-Packard Co.http://washingtontechnology.com/articles/list/news-top-100-companies/hewlett-packard.aspx$3,831,520,000 118L-3 Communications Corp.$3,815,873,00089Booz Allen Hamilton$3,718,644,000910KBR Inc.$3,546,605,000 711Computer Sciences Corp.http://washingtontechnology.com/articles/list/news-top-100-companies/computer-sciences-corp.aspx$3,532,784,000 1012DynCorp International Inc.$3,047,513,0002313Harris Corp.http://washingtontechnology.com/articles/list/news-top-100-companies/harris.aspx$2,893,847,000 1314CACI International Inc.http://washingtontechnology.com/articles/list/news-top-100-companies/caci.aspx$2,517,616,000 1615Dell Inc.http://washingtontechnology.com/articles/list/news-top-100-companies/dell.aspx$2,180,421,0001216ITT Corp.http://washingtontechnology.com/articles/list/news-top-100-companies/itt.aspx$2,061,343,000 1417BAE Systems Inc.http://washingtontechnology.com/articles/list/news-top-100-companies/bae-systems.aspx$1,986,983,0001518Verizon Communications Inc.http://washingtontechnology.com/articles/list/news-top-100-companies/verizon.aspx$1,844,453,0001919Fluor Corp.$1,804,871,0004720Jacobs Engineering Group Inc.$1,703,308,000 2021IBM Corp.http://washingtontechnology.com/articles/list/news-top-100-companies/ibm.aspx$1,594,165,000 1722ManTech International Corp.http://washingtontechnology.com/articles/list/news-top-100-companies/mantech.aspx$1,467,181,000 3123United Technologies Corp.$1,465,147,000 2124Battelle Memorial Institute$1,330,333,000 2225Deloitte$1,190,904,000 1826Honeywell International Inc.$1,143,030,000 2827URS Corp.$1,133,733,000 2428Serco Inc.$992,211,0002929AECOM Technology Corp.$983,154,000 4330SRA International Inc.http://washingtontechnology.com/articles/list/news-top-100-companies/sra-international.aspx$936,812,000 3031Rockwell Collins Inc.$917,973,000 2632The Aerospace Corp.$842,638,0003433Accenture$837,671,0002734Apptis Inc.$826,280,0003535Sprint Corp.$820,557,0003236General Electric Co.$813,760,0003337Bechtel Marine Propulsion Corp.$793,298,0003638Wyle$772,933,0004539DRS Technologies Inc.$767,390,0002540Unisys Corp.$749,850,0003841CGI Group Inc.http://washingtontechnology.com/articles/list/news-top-100-companies/cgi.aspx$735,933,0008242Mission Essential Personnel LLC$681,304,0006243Qinetiq Group PLChttp://washingtontechnology.com/articles/list/news-top-100-companies/qinetiq.aspx$678,017,0004044AT&T Corp.$664,057,0004645General Atomics International$634,573,0003946World Wide Technology Inc.$557,693,0005347Alliant Techsystems Inc.$532,641,0004848Vangent Inc.http://washingtontechnology.com/articles/list/news-top-100-companies/vangent.aspx$529,059,0005749CDW-Government$506,229,0005250NCI Inc.$492,477,0007151Alion Science and Technology Corp.http://washingtontechnology.com/articles/list/news-top-100-companies/alion.aspx$478,236,0004152Development Alternatives Inc.$455,721,0006153Chemonics International Inc.$454,521,0005154VSE Corp.$443,919,0003755Qwest Communications International$435,395,0005656Xerox Corp.$427,916,0006457Arctic Slope Regional Corp.$405,373,0005458RTI International$402,469,0006759Nana Regional Corporation Inc.$401,781,0005560ARINC Inc.$394,402,0004961Westat Inc.$361,987,0007262U.S. Investigation Services Inc.$356,15063SGT Inc.$338,665,0004264ICF International Inc.http://washingtontechnology.com/articles/list/news-top-100-companies/icf.aspx$331,879,0006665Chenega Corp.$309,457,0006866immixGroup Inc.$306,840,0005867Alutiiq LLC$299,640,0008468GTSI Corp.$287,668,0005969Artel Inc.$284,749,0007370Cubic Corp.$277,846,0007571Microtech LLChttp://washingtontechnology.com/articles/list/news-top-100-companies/microtech.aspx$273,857,0009572Telos Corp.$273,575,0008373Creative Associates International$267,518,0009274Carahsoft Technology Corp.$246,375,0009975Eyak Technology$239,986,0006576Scientific Research Corp.$235,710,0007777Navmar Applied Sciences Corp.$233,034,000--78Energy Enterprise Solutions LTD$230,353,0008579Babcock International Group PLC$229,421,000--80Oracle Corp.$229,159,0008881ABT Associates Inc.$226,404,000--82Non-Intrusive Inspection Technology Inc.$214,889,000--83Concurrent Technologies Corp.$211,824,0009784InDyne Inc.$205,005,0008985Mythics Inc.$197,639,00086Tetra Tech Inc.$196,537,0006087Camber Corp.$205,747,0009088STG Inc.$193,890,0009689CH2M Hillhttp://washingtontechnology.com/articles/list/news-top-100-companies/ch2m-hill.aspx$191,615,0006990Trax International$190,331,0007491DLT Solutions Inc.$190,121,000--92Ball Corp.$188,280,0008693Dynamics Research Corp.$185,208,000--94Orbital Sciences Corp.$183,322,0009395Louis Berger Group$181,740,0007696Jorge Scientific Corp.$181,239,000--97SRI International$181,032,000--98Chickasaw Nation Industries Inc.$180,603,00099Sierra Nevada Corp.$173,991,00078100Teledyne Technologies Inc.$169,170,00094

 

[expat_panama]

...I'm impressed the US central bank has been able to keep this going this long, it isn't a sustainable system...

Me too, FRN's have proven to be a lot more sustainable than gold was but nothing lasts forever. In four billion years the sun will explode but imho there's no need to rush finding successors for either the Earth or the Fed.

 

[expat_panama]

Where do our tax dollars go? To welfare recipients? Yes, sort of...but not ALL WELFARE is created the same and not all welfare recipients are equal. Here is the 2011 list of the FED's largest CONTRACTORS.,,,

Huh. The constitution making the government pay for goods received means the founders put welfare payments in the constitution. Haven't come across that take before.

 

[Cuyo]

While we're at it, it would be good if we grasped the concept (and it really is quite a simple one) that public sector jobs do not save the economy. They just don't. It is basic logic - albeit involving math.

And of course that's bullshit. From the New Deal, to the Reagan Bailouts, to the George HW Bush bailouts, to the George W Bush TARP, to the Obama stimulus and rescue of the auto industry..the public sector has been rescuing private sector idiocy for generations.

It is not 'bullshit'. There is no monetary gain from a public sector job. Creating public sector jobs does not put the economy on a secure foundation. They just don't.

It is very simple math. Even I can do it. And math is not my strongest subject.

It's easy. Start with one simple question.... who pays the public sector? Work it out from there.

I shall ignore your deflection about the New Deal etc because that is not what I said. You just ranted about that to deflect from what I actually said... or maybe you're just too dumb to get it.

The same people who pay the public sector, jeez clear the nonsense out of your head before you word-vomit inarticulate talking points.

When you buy a new TV at Best Buy, that money transfers from you to Best Buy, to their employees, shareholders, and suppliers. They then re-spend the money elsewhere. When you pay taxes or fees to a government, it transfers to the treasury, then to government employees and providers, who then re-spend the money elsewhere.

The two phenomena are not terribly different.

 

[Cuyo]

If people want prosperity for the US, income inequality has to be addressed. A person would fairly hard-pressed to find any economist who thinks that income inequality is good, but would have no problem finding economists who think income inequality is bad for the economy.

How does income inequality negatively affect the economy?
How does income inequality negatively affect the economy?

How Does Inequality Affect Economic Growth?
CONVERSABLE ECONOMIST: How Does Inequality Affect Economic Growth?

IMF: Income inequality is bad for economic growth
IMF: Income inequality is terrible for economic growth - The Washington Post

And Now, Here's Why Income Inequality Really Is A Big Deal
Read more: Here's Why Income Inequality Really Is A Big Deal

Is rising income inequality a serious problem?
http://www.u.arizona.edu/~lkenwor/soc150b1-isrisingincomeinequalityaseriousproblem.pdf

Raskin Says Income Inequality Among Americans Undermining Economic Growth
Raskin Says Income Inequality Among Americans Undermining Economic Growth - Bloomberg

Income inequality: It's a problem. Here's why.
Income inequality: It's a problem. Here's why. - CSMonitor.com

Is income inequality worse than a lack of mobility?

Income inequality is a lack of mobility.

 

[expat_panama]

...Income inequality is a lack of mobility.

Actually, when governments tried to make incomes equal they ended up having to reduce mobility of all kinds, even to the point of shooting people trying to leave.