Is our economy better regulated by liberty or by government?

[sealybobo]

Common sense says liberty since liberty works through millions of shoppers each day while govt works through a handful of distant bureaucrats each day.

Those consumers are powerless against the rich and powerful. Governments are the referees in each country. Is your government corrupt? By who? The rich who want what you want.

They're hardly "powerless." Did anyone force them to buy the Edsel? How about BETAmax? Remember Nokia phones? Why isn't the price of gas over $5.00/gal?

If government favors the rich, they why do you support it?

I can't imagine any claim more idiotic and wrong than the one you just posted.

That's why you're a libertarian or teabagger

 

[bripat9643]

Wrong.

Says you.

Unbridled Nanny-Statism results in a frigging train-wreck.

Unbridled Capitalism results in a frigging train-wreck.

It is only by finding and sustaining an intelligent balance between the two, that societies-at-large thrive and prosper.

What "train wreck" has unregulated capitalism ever caused?

If you have to ask the question, you will not understand the answer.

In other words, you can't name anything.

Thanks for playing!

Somebody else with the energy to devote to this, this evening, is going to have to play the part of Remedial Educator for you, with respect to the dangers of unbridled and unregulated capitalism. I haven't got it in me tonight. That doesn't mean, however, that i concede the point, nor that the point should be conceded.

In other words, you got nothing. If you had something, you could post an example. You obviously can't think of one.

 

[bripat9643]

Common sense says liberty since liberty works through millions of shoppers each day while govt works through a handful of distant bureaucrats each day.

Those consumers are powerless against the rich and powerful. Governments are the referees in each country. Is your government corrupt? By who? The rich who want what you want.

They're hardly "powerless." Did anyone force them to buy the Edsel? How about BETAmax? Remember Nokia phones? Why isn't the price of gas over $5.00/gal?

If government favors the rich, they why do you support it?

I can't imagine any claim more idiotic and wrong than the one you just posted.

That's why you're a libertarian or teabagger

You mean because I'm not a moron like you?

 

[danielpalos]

Is our economy better regulated by liberty (code-speak in this context for 'unbridled capitalism') or government?

You need a third choice.

The truth lies in the middle.

Wrong.

Says you.

Unbridled Nanny-Statism results in a frigging train-wreck.

Unbridled Capitalism results in a frigging train-wreck.

It is only by finding and sustaining an intelligent balance between the two, that societies-at-large thrive and prosper.

What "train wreck" has unregulated capitalism ever caused?

Did you miss the stock market crash of 1929?

 

[bripat9643]

Is our economy better regulated by liberty (code-speak in this context for 'unbridled capitalism') or government?

You need a third choice.

The truth lies in the middle.

Wrong.

Says you.

Unbridled Nanny-Statism results in a frigging train-wreck.

Unbridled Capitalism results in a frigging train-wreck.

It is only by finding and sustaining an intelligent balance between the two, that societies-at-large thrive and prosper.

What "train wreck" has unregulated capitalism ever caused?

Did you miss the stock market crash of 1929?

The Federal Reserve caused the speculative bubble by inflating the supply of credit.

Chalk that up to government.

 

[sealybobo]

Is our economy better regulated by liberty (code-speak in this context for 'unbridled capitalism') or government?

You need a third choice.

The truth lies in the middle.

Wrong.

Says you.

Unbridled Nanny-Statism results in a frigging train-wreck.

Unbridled Capitalism results in a frigging train-wreck.

It is only by finding and sustaining an intelligent balance between the two, that societies-at-large thrive and prosper.

What "train wreck" has unregulated capitalism ever caused?

Did you miss the stock market crash of 1929?

The Federal Reserve caused the speculative bubble by inflating the supply of credit.

Chalk that up to government.

Private bankers own the federal reserve.

 

[bripat9643]

Wrong.

Says you.

Unbridled Nanny-Statism results in a frigging train-wreck.

Unbridled Capitalism results in a frigging train-wreck.

It is only by finding and sustaining an intelligent balance between the two, that societies-at-large thrive and prosper.

What "train wreck" has unregulated capitalism ever caused?

Did you miss the stock market crash of 1929?

The Federal Reserve caused the speculative bubble by inflating the supply of credit.

Chalk that up to government.

Private bankers own the federal reserve.

The Federal Reserve is an arm of the government. The president selects the people who sit on the board of governors and Congress approves them. It was created by an act of Congress. Only idiots believe the Fed is a private institution.

 

[sealybobo]

Says you.

Unbridled Nanny-Statism results in a frigging train-wreck.

Unbridled Capitalism results in a frigging train-wreck.

It is only by finding and sustaining an intelligent balance between the two, that societies-at-large thrive and prosper.

What "train wreck" has unregulated capitalism ever caused?

Did you miss the stock market crash of 1929?

The Federal Reserve caused the speculative bubble by inflating the supply of credit.

Chalk that up to government.

Private bankers own the federal reserve.

The Federal Reserve is an arm of the government. The president selects the people who sit on the board of governors and Congress approves them. It was created by an act of Congress. Only idiots believe the Fed is a private institution.

And the private international bankers that own the federal reserve select the president then tell him what to do.

Look up the federal reserve. What does it say? Quasi private/public.

We turned the fed reserve over to private bankers in 1913. Look it up fool. Stupid American.

 

[Bush92]

Liberty almost every single time.

 

[bripat9643]

What "train wreck" has unregulated capitalism ever caused?

Did you miss the stock market crash of 1929?

The Federal Reserve caused the speculative bubble by inflating the supply of credit.

Chalk that up to government.

Private bankers own the federal reserve.

The Federal Reserve is an arm of the government. The president selects the people who sit on the board of governors and Congress approves them. It was created by an act of Congress. Only idiots believe the Fed is a private institution.

And the private international bankers that own the federal reserve select the president then tell him what to do.

Look up the federal reserve. What does it say? Quasi private/public.

We turned the fed reserve over to private bankers in 1913. Look it up fool. Stupid American.

So you believe democracy is fundamentally corrupt? Then why do you support it? The Fed has always been an arm of the government. The fact that banks own stock in it is just a scam to fool the public into thinking it's not a government national bank.

The bottom line is that the board of governors reports to Congress and the president. That makes it an arm of the government.

 

[danielpalos]

Is our economy better regulated by liberty (code-speak in this context for 'unbridled capitalism') or government?

You need a third choice.

The truth lies in the middle.

Wrong.

Says you.

Unbridled Nanny-Statism results in a frigging train-wreck.

Unbridled Capitalism results in a frigging train-wreck.

It is only by finding and sustaining an intelligent balance between the two, that societies-at-large thrive and prosper.

What "train wreck" has unregulated capitalism ever caused?

Did you miss the stock market crash of 1929?

The Federal Reserve caused the speculative bubble by inflating the supply of credit.

Chalk that up to government.

Not quite:

The crash followed a speculative boom that had taken hold in the late 1920s. During the later half of the 1920s, steel production, building construction, retail turnover, automobiles registered, even railway receipts advanced from record to record. The combined net profits of 536 manufacturing and trading companies showed an increase, in fact for the first six months of 1929, of 36.6% over 1928, itself a record half-year. Iron and steel led the way with doubled gains.[21] Such figures set up a crescendo of stock-exchange speculation which had led hundreds of thousands of Americans to invest heavily in the stock market. A significant number of them were borrowing money to buy more stocks. By August 1929, brokers were routinely lending small investors more than two-thirds of the face value of the stocks they were buying. Over $8.5 billion was out on loan,[22] more than the entire amount of currency circulating in the U.S. at the time.[17][23]


The rising share prices encouraged more people to invest; people hoped the share prices would rise further. Speculation thus fueled further rises and created an economic bubble. Because of margin buying, investors stood to lose large sums of money if the market turned down—or even failed to advance quickly enough. The average P/E (price to earnings) ratio of S&P Composite stocks was 32.6 in September 1929,[24] clearly above historical norms.[25]--Source: https://en.wikipedia.org/wiki/Wall_Street_Crash_of_1929

 

[bripat9643]

Wrong.

Says you.

Unbridled Nanny-Statism results in a frigging train-wreck.

Unbridled Capitalism results in a frigging train-wreck.

It is only by finding and sustaining an intelligent balance between the two, that societies-at-large thrive and prosper.

What "train wreck" has unregulated capitalism ever caused?

Did you miss the stock market crash of 1929?

The Federal Reserve caused the speculative bubble by inflating the supply of credit.

Chalk that up to government.

Not quite:

The crash followed a speculative boom that had taken hold in the late 1920s. During the later half of the 1920s, steel production, building construction, retail turnover, automobiles registered, even railway receipts advanced from record to record. The combined net profits of 536 manufacturing and trading companies showed an increase, in fact for the first six months of 1929, of 36.6% over 1928, itself a record half-year. Iron and steel led the way with doubled gains.[21] Such figures set up a crescendo of stock-exchange speculation which had led hundreds of thousands of Americans to invest heavily in the stock market. A significant number of them were borrowing money to buy more stocks. By August 1929, brokers were routinely lending small investors more than two-thirds of the face value of the stocks they were buying. Over $8.5 billion was out on loan,[22] more than the entire amount of currency circulating in the U.S. at the time.[17][23]


The rising share prices encouraged more people to invest; people hoped the share prices would rise further. Speculation thus fueled further rises and created an economic bubble. Because of margin buying, investors stood to lose large sums of money if the market turned down—or even failed to advance quickly enough. The average P/E (price to earnings) ratio of S&P Composite stocks was 32.6 in September 1929,[24] clearly above historical norms.[25]--Source: https://en.wikipedia.org/wiki/Wall_Street_Crash_of_1929

What do you think happens when the government inflates the supply of credit? One thing is that lenders make it easily available for things like investing in the stock market. The same thing is happening right now.

 

[sealybobo]

Did you miss the stock market crash of 1929?

The Federal Reserve caused the speculative bubble by inflating the supply of credit.

Chalk that up to government.

Private bankers own the federal reserve.

The Federal Reserve is an arm of the government. The president selects the people who sit on the board of governors and Congress approves them. It was created by an act of Congress. Only idiots believe the Fed is a private institution.

And the private international bankers that own the federal reserve select the president then tell him what to do.

Look up the federal reserve. What does it say? Quasi private/public.

We turned the fed reserve over to private bankers in 1913. Look it up fool. Stupid American.

So you believe democracy is fundamentally corrupt? Then why do you support it? The Fed has always been an arm of the government. The fact that banks own stock in it is just a scam to fool the public into thinking it's not a government national bank.

The bottom line is that the board of governors reports to Congress and the president. That makes it an arm of the government.

Then every company is an arm of the government in every country because they all answer to governments. No country is above the government. You'd love that huh?

 

[bripat9643]

The Federal Reserve caused the speculative bubble by inflating the supply of credit.

Chalk that up to government.

Private bankers own the federal reserve.

The Federal Reserve is an arm of the government. The president selects the people who sit on the board of governors and Congress approves them. It was created by an act of Congress. Only idiots believe the Fed is a private institution.

And the private international bankers that own the federal reserve select the president then tell him what to do.

Look up the federal reserve. What does it say? Quasi private/public.

We turned the fed reserve over to private bankers in 1913. Look it up fool. Stupid American.

So you believe democracy is fundamentally corrupt? Then why do you support it? The Fed has always been an arm of the government. The fact that banks own stock in it is just a scam to fool the public into thinking it's not a government national bank.

The bottom line is that the board of governors reports to Congress and the president. That makes it an arm of the government.

Then every company is an arm of the government in every country because they all answer to governments. No country is above the government. You'd love that huh?

Nope. Does the government appoint the board of Apple Computer? Did it create Apple Computer? Having to obey government laws is a different thing that taking orders directly from the president.

 

[sealybobo]

Did you miss the stock market crash of 1929?

The Federal Reserve caused the speculative bubble by inflating the supply of credit.

Chalk that up to government.

Private bankers own the federal reserve.

The Federal Reserve is an arm of the government. The president selects the people who sit on the board of governors and Congress approves them. It was created by an act of Congress. Only idiots believe the Fed is a private institution.

And the private international bankers that own the federal reserve select the president then tell him what to do.

Look up the federal reserve. What does it say? Quasi private/public.

We turned the fed reserve over to private bankers in 1913. Look it up fool. Stupid American.

So you believe democracy is fundamentally corrupt? Then why do you support it? The Fed has always been an arm of the government. The fact that banks own stock in it is just a scam to fool the public into thinking it's not a government national bank.

The bottom line is that the board of governors reports to Congress and the president. That makes it an arm of the government.

When did I bring up democracy? Are you hearing what you want to hear?

And I thought Republicans always say we aren't a democracy. We're a republic remember?

In a democracy one person one vote. What we have is money trumps votes.

 

[danielpalos]

Says you.

Unbridled Nanny-Statism results in a frigging train-wreck.

Unbridled Capitalism results in a frigging train-wreck.

It is only by finding and sustaining an intelligent balance between the two, that societies-at-large thrive and prosper.

What "train wreck" has unregulated capitalism ever caused?

Did you miss the stock market crash of 1929?

The Federal Reserve caused the speculative bubble by inflating the supply of credit.

Chalk that up to government.

Not quite:

The crash followed a speculative boom that had taken hold in the late 1920s. During the later half of the 1920s, steel production, building construction, retail turnover, automobiles registered, even railway receipts advanced from record to record. The combined net profits of 536 manufacturing and trading companies showed an increase, in fact for the first six months of 1929, of 36.6% over 1928, itself a record half-year. Iron and steel led the way with doubled gains.[21] Such figures set up a crescendo of stock-exchange speculation which had led hundreds of thousands of Americans to invest heavily in the stock market. A significant number of them were borrowing money to buy more stocks. By August 1929, brokers were routinely lending small investors more than two-thirds of the face value of the stocks they were buying. Over $8.5 billion was out on loan,[22] more than the entire amount of currency circulating in the U.S. at the time.[17][23]


The rising share prices encouraged more people to invest; people hoped the share prices would rise further. Speculation thus fueled further rises and created an economic bubble. Because of margin buying, investors stood to lose large sums of money if the market turned down—or even failed to advance quickly enough. The average P/E (price to earnings) ratio of S&P Composite stocks was 32.6 in September 1929,[24] clearly above historical norms.[25]--Source: https://en.wikipedia.org/wiki/Wall_Street_Crash_of_1929

What do you think happens when the government inflates the supply of credit? One thing is that lenders make it easily available for things like investing in the stock market. The same thing is happening right now.

It wasn't the government because there were no regulations until afterward.

...
The president of the Chase National Bank said at the time "We are reaping the natural fruit of the orgy of speculation in which millions of people have indulged. It was inevitable, because of the tremendous increase in the number of stockholders in recent years, that the number of sellers would be greater than ever when the boom ended and selling took the place of buying."[28]


Subsequent actions

In 1932, the Pecora Commission was established by the U.S. Senate to study the causes of the crash. The following year, the U.S. Congress passed the Glass–Steagall Act mandating a separation between commercial banks, which take deposits and extend loans, and investment banks, which underwrite, issue, and distribute stocks, bonds, and other securities.


After the experience of the 1929 crash, stock markets around the world instituted measures to suspend trading in the event of rapid declines, claiming that the measures would prevent such panic sales. However, the one-day crash of Black Monday, October 19, 1987, when the Dow Jones Industrial Average fell 22.6%, was worse in percentage terms than any single day of the 1929 crash (although the combined 25% decline of October 28–29, 1929 was larger than October 19, 1987, and remains the worst two day decline ever)....

Just Capitalism having to get bailed out by Socialism, like usual.

 

[Bush92]

I want to repeal the Civil Rights Act. If you own a business and its your investment than you can refuse business to whoever you want. Your $$$ your risk. If a Black restaurant owner want's to refuse service to Whites...more power to them. They will lose $$$ by not reaching out to a larger customer base, but it's their $$$. Same if racial roles were reversed. The businessman that caters to all races will be more successful. It's common sense. We don't need a nanny state to tell us how to get along.

 

[sealybobo]

Private bankers own the federal reserve.

The Federal Reserve is an arm of the government. The president selects the people who sit on the board of governors and Congress approves them. It was created by an act of Congress. Only idiots believe the Fed is a private institution.

And the private international bankers that own the federal reserve select the president then tell him what to do.

Look up the federal reserve. What does it say? Quasi private/public.

We turned the fed reserve over to private bankers in 1913. Look it up fool. Stupid American.

So you believe democracy is fundamentally corrupt? Then why do you support it? The Fed has always been an arm of the government. The fact that banks own stock in it is just a scam to fool the public into thinking it's not a government national bank.

The bottom line is that the board of governors reports to Congress and the president. That makes it an arm of the government.

Then every company is an arm of the government in every country because they all answer to governments. No country is above the government. You'd love that huh?

Nope. Does the government appoint the board of Apple Computer? Did it create Apple Computer? Having to obey government laws is a different thing that taking orders directly from the president.

The president and Congress set interest rates?

Does our government share the bankers profits?

Who do we owe the debt to? So we owe the bankers trillions of dollars? And you think we're their boss? Lol

 

[sealybobo]

I want to repeal the Civil Rights Act. If you own a business and its your investment than you can refuse business to whoever you want. Your $$$ your risk. If a Black restaurant owner want's to refuse service to Whites...more power to them. They will lose $$$ by not reaching out to a larger customer base, but it's their $$$. Same if racial roles were reversed. The businessman that caters to all races will be more successful. It's common sense. We don't need a nanny state to tell us how to get along.

See libertarians don't care if businesses break laws. No punishment. Let the market decide.

 

[Bush92]

I want to repeal the Civil Rights Act. If you own a business and its your investment than you can refuse business to whoever you want. Your $$$ your risk. If a Black restaurant owner want's to refuse service to Whites...more power to them. They will lose $$$ by not reaching out to a larger customer base, but it's their $$$. Same if racial roles were reversed. The businessman that caters to all races will be more successful. It's common sense. We don't need a nanny state to tell us how to get along.

See libertarians don't care if businesses break laws. No punishment. Let the market decide.

The market will make a better and more vibrant society than government authoritarianism.