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Nonsense.Zero-sum stimulates nothing.
All that does is create a false notion of velocity.
There's no such thing as "false velocity." It either is or it isn't.
Put aside the ideology. Massive government involvement pulled us out of the Depression. That doesn't mean it would now, but it did then.
Nonsense.Zero-sum stimulates nothing.
All that does is create a false notion of velocity.
There's no such thing as "false velocity." It either is or it isn't.
Put aside the ideology. Massive government involvement pulled us out of the Depression. That doesn't mean it would now, but it did then.
All it did is take funds away from one sector, line the pockets of those doing the expropriation and redistribution, and spread around the remainder to the peasants.
The day that gubmint creates anything at all of added value, then it can lay claim to creating jobs...Until then, all thy can do is confiscate and re(mis)allocate.
Small and weak for the time, and small and weak compared to today.
Of course, this argument is lost when you compared it to the war economy, which was almost a command economy as the government set prices, determined output and rationed items. The war economy was far more interventionist than the "interventionist" economy of Hoover, yet it was the war that eventually led us out of the Depression.
With supporters of the free market like you, who needs interventionists?
I know, you mostly support free markets, key word mostly.
However, it wasn't the war that led us out of the depression, but the end of the war when the government mostly allowed the market to take over and relaxed their controls.
War demand is what ultimately brought us out of the economy.
That spike in the early 1940s is because of war demand during a time of high government intervention in the economy.
Ame®icano;2666776 said:Ame®icano;2666688 said:Redistribution of wealth brought us here.
Btw, since you're promoting equality in this case, you probably wouldn't mind if we have equal flat tax rate, would ya?
Yeah, redistribution of wealth in an upward direction.
Isn't being equal in every aspect fair thing?
More nonsense.Nonsense.There's no such thing as "false velocity." It either is or it isn't.
Put aside the ideology. Massive government involvement pulled us out of the Depression. That doesn't mean it would now, but it did then.
All it did is take funds away from one sector, line the pockets of those doing the expropriation and redistribution, and spread around the remainder to the peasants.
The day that gubmint creates anything at all of added value, then it can lay claim to creating jobs...Until then, all thy can do is confiscate and re(mis)allocate.
empiricism > ideology
What I would I have done, is take a trillion dollars and turn it into script money. I would have divided it between our 300 million people equally to spend.
As identifiable script, it would have the following conditions put on it's use.
1.It must be spent in America and only on American made goods or services. Businesses would send the script into the federal treasury to be exchanged for USDs.
2.It could not be put in a bank or draw interest.
3.It could not be used for stocks or gambling, or federal taxes, etc.
4.It would have to spent in 365 days.
This would have had the affect of deliverying the stimulus into every local area of America, creating new jobs and new businesses.
More nonsense.
You either create added value or you don't.
Your "empiricism" amounts no more than breaking my leg, handing me a crutch, then patting yourself on the back for keeping medical device manufacturers employed.
Yep. We borrowed and spent our way out of the Great Depression.War demand is what ultimately brought us out of the economy.
During the Bush years, we were in two wars and had trillions in tax cuts. According to right wing "ideology", we should have had a sparkling economy.
Instead, only 3 million jobs were created in this country in 8 years. Which were lost at the end of Bush's second term to the tune of 750,000 a MONTH.
All the empiricist does is say; "Well, we can't really prove these half-baked theories with independently quantifiable and verifiable sensory evidence, so let's make some shit up."More nonsense.
You either create added value or you don't.
Your "empiricism" amounts no more than breaking my leg, handing me a crutch, then patting yourself on the back for keeping medical device manufacturers employed.
You're making an assumption about how the world is supposed to work, and when the world works in a way that contradicts that assumption, you dismiss it and instead resort to theory. That's why we look at the world as it is, not at the way we want it to be. The empiricist changes his belief in light of contrary evidence. The ideologue retains his belief despite contrary evidence.
There was excess capacity in the economy during the 1930s. The war increased demand and wiped out the excess capacity. We didn't recover because of tax cuts nor the free market. It doesn't matter how many broken window fallacies or broken leg analogies one wants to trot out.
If that were true then all we need to do is break a few windows and we should be out of the recession in no time.
False analogy.
When you have massive excess capacity and low monetary velocity, breaking a few windows is a good way to kickstart the economy.
Look at what happened, not what should have happened.
All the empiricist does is say; "Well, we can't really prove these half-baked theories with independently quantifiable and verifiable sensory evidence, so let's make some shit up."
Likewise, there's nothing like sterilizing and rationalizing the deaths and maiming of hundreds of thousands young men and the destruction of millions upon millions of dollars worth of useful resources, with Orwellian semantics like "excess capacity".
Un-be-lievable.
We have excess capacity?
All the empiricist does is say; "Well, we can't really prove these half-baked theories with independently quantifiable and verifiable sensory evidence, so let's make some shit up."
Likewise, there's nothing like sterilizing and rationalizing the deaths and maiming of hundreds of thousands young men and the destruction of millions upon millions of dollars worth of useful resources, with Orwellian semantics like "excess capacity".
Un-be-lievable.
How quaintly anti-intellectual.
We have excess capacity?
Yes
How is the government interfering with your efforts to produce more goods and services?Get the hell out of the way.
Actually, spending is the only way to expand GNP.quit pretending that spending is going to help.
Sharia is the Commandments of God.Teach the people to keep the Commandments of God.
I would have kept the prime interest rate at at around 5% since 2000.
I would have placed a tarrif on goods imported by companies that shipped their manufacturing overseas.
I would have not invaded Iraq.
I would have replaced the individual income tax with a flat rate tax on all personal income.
I would have aggressivley pursued corruption in government.
and I would have eaten lots of chocolate
