Recent content by TC_Triple3

Nice leap dipshit. At no point was raising taxes part of my discussion with the other poster. The point was printing money and handing it out (not raising taxes and handing out the tax increase to the populace) versus a long term infrastructure project (deficit spending) in creating jobs...

Apparently you're reading something that isn't there. The original post was about the difference between hypothetically printing money and handing it out versus long term spending on infrastructure projects. In both cases jobs would be created by the additional consumer spending, though the...

Jobs would be created either way, but the jobs that are created by handing out wads of cash aren't as obvious as the jobs created by a public works project. Taxes will also be collected either way. Handing out wads of cash would cause an immediate spike in consumer spending whereas public works...

That's exactly what they purchased, and the FED had to amend their own Guidelines (at first temporarily, then permanently) to do it.

You really need to get over yourself. I never mentioned "reserves" and I'm well aware that reserves aren't inflationary but money creation damn sure is, and historically banks are the primary source. I also see that you completely ignored my comment that the Fractional Reserve Banking System...

So, you're saying that unless someone understands the subtle difference between creating deposits and loaning deposits that you can't discuss the the effects of this? OK, if you insist. The same goes for the Federal Reserve and how it acquires U.S. Treasury Bonds. It's completely absurd to say...

WOW! Really? This thread is an exercise in verbosity! Creating deposits, or lending deposits, it's a subtle difference. Is the Fractional Reserve Banking System the primary contributor to monetary inflation? Yes it is. Is the entire system, for all intents and purposes, insolvent? Yes it is...

So much for certainty. By restoration I meant in developing economic theory. Say's Law does work, it is aggregate demand that is flawed, and history bears this out. It does nothing to correct the imbalances that occur during a market boom. Demand management policies simply distort market...

The premise of Keynes argument is based on a distortion of Say's Law that supply creates it's own demand. What Say's Law actually says is that supply adjusts to it's demand. The restoration of Say's law can't happen soon enough. Then and only then can we put the notion of aggregate demand in...

Actually is has EVERYTHING to do with society. Everything you do is a value choice, meaning, whatever you are doing right at this moment, like reading this post, you are doing because you value it more than whatever else you could be doing, hence EVERYTHING is economics. It is, after all, a...

I wouldn't call him a "hero" because he was, after all, a dictator. but as dictators go, Pinochet IS an interesting case study. General Pinochet deserves to be remembered for having rescued his country from becoming the second Soviet satellite in the Western hemisphere, though he is mostly...

I'll quote Henry Hazlitt here: “Economics is haunted by more fallacies than any other study known to man. This is no accident. The inherent difficulties of the subject would be great enough in any case, but they are multiplied a thousandfold by a factor that is insignificant in, say, physics...

I said free markets (yes, domestically more than internationally) AND sound money. The Progressive Era and the advent of WWI was the beginning of the end of sound money. Tariffs had nothing to do with the growth during the Gilded Age.

This should come as no surprise since tariffs were collected in the South and spent in the North. Secession resulted in a major loss of revenue for the Federal Government. The Civil War was more about economics than slavery. As far as the Gilded Age is concerned it occurred in spite of tariffs...

He acts more like a troll than anything else. Condescension and insults in one sentence blurbs that he repeats to no end. Very little in the way of contribution. What's funny is that he calls everything he disagrees with "too liberal" and "stupid" while hailing all things Republican. He claims...