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Old 08-29-2020, 09:12 PM
 
16,402 posts, read 14,838,446 times
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Quote:
Originally Posted by jonbenson View Post
you don't know what extreme left is
Sure I do.
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Old 08-29-2020, 10:20 PM
 
67 posts, read 22,254 times
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Quote:
Originally Posted by EDS_ View Post
Sure I do.
What is it?
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Old 08-30-2020, 04:35 AM
 
5,760 posts, read 11,080,898 times
Reputation: 4949
Quote:
Originally Posted by EDS_ View Post
That would be illegal/WTO violation just for starters.

Fully provided for as the LEGIT Income for the Federal .Gov per the US Constitution.

Withdraw from the WTO.

If US cannot make it on its own, it cannot make it as a group.

Independence before Interdependence.

Were you really a Process Engineer?
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Old 08-30-2020, 04:36 AM
 
5,760 posts, read 11,080,898 times
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Quote:
Originally Posted by SkyDog77 View Post
Tariffs don’t work the way you think they do.
This covers it pretty well for starters . . .

https://en.wikipedia.org/wiki/Tariff...States_history

Do you understand what Mercantilism is?
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Old 08-30-2020, 05:14 AM
 
Location: Philadelphia (Center City)
888 posts, read 654,526 times
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From what I've been reading, one of the biggest mistakes the US appears to be making, is the overuse of economic sanctions. One of the biggest economic advantages the US has is its reserve currency status. Anything that accelerates the loss of that status is reckless, unless the US is prepared to become a fully insulated, self-supporting economy, which is just the opposite of the direction we've been going in the past 50 years.
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Old 08-30-2020, 08:16 AM
 
Location: Niceville, FL
12,371 posts, read 20,827,098 times
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Protectionist economic policies don’t work. Look at Brazil and ask yourself if you’d really rather live In a cesspool like that than here.
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Old 08-30-2020, 10:03 AM
 
16,402 posts, read 14,838,446 times
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Quote:
Originally Posted by Philip T View Post
Fully provided for as the LEGIT Income for the Federal .Gov per the US Constitution.

Withdraw from the WTO.

If US cannot make it on its own, it cannot make it as a group.

Independence before Interdependence.

Were you really a Process Engineer?
A. I never claimed to be any kind of engineer.

B. The fact remains WTO rules apply.

C. What you are proposing would lead to economic ruin.
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Old 08-30-2020, 10:22 AM
 
16,402 posts, read 14,838,446 times
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Quote:
Originally Posted by Wo1234 View Post
What is it?
Anyone right around and to the left to of Sachs and Stiglitz in terms of how they believe the government should function - what a gov't. should own/control and how an economy should function.


On a 0-100 scale with 0 being no rules open range anarchy and 100 being communism/Marxism anyone scoring an 85 or up is an extreme left winger................nearly all of this group are socialists and communists and those who are such but deny as much.

In my book once someone supports 4 or 5 modern equivalents of Marx 10 planks as defined in his manifesto they are a socialist. 6 and up they are trending into Marxism.
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Old 08-30-2020, 10:47 AM
 
3,941 posts, read 2,054,519 times
Reputation: 8873
Quote:
Originally Posted by EDS_ View Post
Anyone right around and to the left to of Sachs and Stiglitz in terms of how they believe the government should function - what a gov't. should own/control and how an economy should function.


On a 0-100 scale with 0 being no rules open range anarchy and 100 being communism/Marxism anyone scoring an 85 or up is an extreme left winger................nearly all of this group are socialists and communists and those who are such but deny as much.

In my book once someone supports 4 or 5 modern equivalents of Marx 10 planks as defined in his manifesto they are a socialist. 6 and up they are trending into Marxism.
Given Mr. Powell’s pronouncement last week, how would you rate the current Fed and its board? To me it looks like they’re closer to Gosbank than Galt’s Gulch.
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Old 08-31-2020, 10:20 AM
 
16,402 posts, read 14,838,446 times
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Quote:
Originally Posted by TimAZ View Post
Given Mr. Powell’s pronouncement last week, how would you rate the current Fed and its board? To me it looks like they’re closer to Gosbank than Galt’s Gulch.
About an 80. I consider my self a pragmatic-conservative and I'm also a bit of a US-economic history nerd and world economic history observer.

The Fed. is too invovled in day to day banking plus broad long term money policy per my liking. However, given the lay of the land there is no rational argument to be made that congress or some cabinet level office should run money policy - we tried similar for over 100 yrs. and the result was perpetual short term price instability, short money supply, endless banking busts, endless cheating and GDP from aobut 1750-1910 that looked like a seismograph readout from an active volcano...............endless crushing recessions and arguably the longest depression seen in the modern world (although a worldwide phenomenon The Long Depression arguably hung around The US from 1873-1896.....the economy was bad for years before and after that span as well). Obviously, being noosed to a gold standard caused much of the above grief but nowhere near all.

Given all that I hold my nose and support what The Fed. is doing until someone/some entity proposes a means to manage money and banking and the economy in better fashion.
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