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It is the business of doom-saying to speak of doom. It is apparently all that is needed in order to sell a number of books, pamphlets, and newsletter subscriptions to audiences of a certain sort. The credit crisis and subsequnt Great Recession meanwhile occurred because laissez-faire types did nothing about mounting abuse of credit markets. Is that what Hudson or Harrison predicted? And the US of course is either the largest manufacturing economy in the world, or with China, one of the two about equal largest manufacturing economies in the world.
Great wisdom, VendorDude. $17.5 trillion in national debt and rapidly growing is nothing to worry about. Nor is an entire younger generation saddled in debt and no job prospects. Nor is ZIRP when it is forced to end and the piper comes to collect. The future sure is looking bright for us elites. To say otherwise you must be a crackpot Republican conspiracy theorist.
One's work is not improved in adopting an alternate title.
Isn't it? If a plummer went with the title Marquis de Roquefort instead of identifying himself as a plummer you would take that as a sign of honest business?
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At some level, the divide into separate disciplines of economic and political science will never be complete, but the notion that they were or still are one and the same thing was and still is an entirely whimsical one.
Quite the opposite since one must always take some ontological position to declare an economic good. You remind me of atheists who believe they have no belief. Hudson's references are impeccable. His sources are often the founders of Western thought . If he is wrong then the who lot of them are wrong.
People who own multiple restaurants and nonprofits that give free economic lectures like we do are in the 1%, VendorDude. The bottom 99% could learn a lot from our wisdom and expertise.
Thank you for fleshing out an initial impression of why any economcis lectures you gave would of necessity be provided free of charge.
Great wisdom, VendorDude. $17.5 trillion in national debt and rapidly growing is nothing to worry about. Nor is an entire younger generation saddled in debt and no job prospects. Nor is ZIRP when it is forced to end and the piper comes to collect. The future sure is looking bright for us elites. To say otherwise you must be a crackpot Republican conspiracy theorist.
I wonder what would happen in the private sector is all of the sudden they had to do without $17.5 trillion in financial assets? Who do you think comtrols the entire debt, Satan? At least have the sense to deduct the fictitious debt held by the Fed.
Great wisdom, VendorDude. $17.5 trillion in national debt and rapidly growing is nothing to worry about. Nor is an entire younger generation saddled in debt and no job prospects. Nor is ZIRP when it is forced to end and the piper comes to collect. The future sure is looking bright for us elites. To say otherwise you must be a crackpot Republican conspiracy theorist.
You'll of course want to remain indoors during lightning storms. While thus protecting yourself and your cute little hat there, you might want to study up on some of the differences between households and national governments. Maybe start out at some really top-level authority such as the Heritage Foundation or the Mises Institute. I've this vague feeling you know about those already though.
Predicting the doom is not doom-saying! It is excellent economic analysis.
If the objective of it is to separate fools from their money.
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Originally Posted by John-UK
I see you do not know where Hudson is wrong.
I believe I listed several areas where I have found Hudson's claims and analyses to be flawed. If you have kept a secret one wrapped up and stored in your very own basement, please do reveal it.
Isn't it? If a plummer went with the title Marquis de Roquefort instead of identifying himself as a plummer you would take that as a sign of honest business?
It's "plumber" by the way, and no.
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Originally Posted by gwynedd1
Quite the opposite since one must always take some ontological position to declare an economic good. You remind me of atheists who believe they have no belief. Hudson's references are impeccable. His sources are often the founders of Western thought . If he is wrong then the who lot of them are wrong.
All sensible people are atheists, though in some cases good sense prompts them to pretend not to be. Meanwhile, gobbledygook deflections do not advance the cause of anything. Political and economic science are different disciplines. The fact that on some level, they each study the actions and reactions of human beings is not enough to make them the same, else they be suddenly swamped in an avalanche of incoming other disparate disciplines as well.
At least have the sense to deduct the fictitious debt held by the Fed.
The nature of the debt represented by US Treasury securities does not vary with the identity of the note holder. Payments of interest and ultimately principal are equally owed as scheduled to any holder of record, including the FED.
Basically, NO. The 1% did not get rich by holding the 99% in debt.
sorry, but this is garbage analysis. "the 1%" people talk about aren't the top 1% of income-earners, they're the top 1% of wealth.
this Forbes analysis not only limits itself to income, but it excludes capital gains income.. which makes it worse than useless.
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