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Darwinism, based on what?
So the idea here is to keep manipulating the economy causing booms and busts
What? You don't think there were economic booms and busts prior to the economy being "manipulated"?
You need to learn more about history.
Europe had an economic downturn roughly every THREE years in the mid/late 1700's and much of the 1800's was not any better.
And lets' not even get started on the Dark Ages - which was the most severe and longest economic collapse in history - lasting roughly 500 years!!!!!
History is FULL of economic booms and busts - always has been, always will be.
What? You don't think there were economic booms and busts prior to the economy being "manipulated"?
You need to learn more about history.
Europe had an economic downturn roughly every THREE years in the mid/late 1700's and much of the 1800's was not any better.
And lets' not even get started on the Dark Ages - which was the most severe and longest economic collapse in history - lasting roughly 500 years!!!!!
History is FULL of economic booms and busts - always has been, always will be.
Ken
They were short lived and the rich lost the most.
The Great depression and this recession, are being prolonged and drawn out, because the fed will not let it all bottom out. So, we ride a long period of stagnation and the rich getting richer off the printing presses of the federal reserve. Then they sit on it, because it would be a waste to try and start a business here. they take it overseas and start them there, where labor is cheap, and regulations are rare.
The Great depression and this recession, are being prolonged and drawn out, because the fed will not let it all bottom out. So, we ride a long period of stagnation and the rich getting richer off the printing presses of the federal reserve. Then they sit on it, because it would be a waste to try and start a business here. they take it overseas and start them there, where labor is cheap, and regulations are rare.
500 years is SHORT LIVED???? That's how long the Dark Ages lasted - a period of continuous economic and political collapse that lasted a DOZEN LIFETIMES.
The European recessions of the 1700's may have been "short-lived" but they were CONSTANT. The economy would barely recover and then it would drop back into recession AGAIN producing a nearly continuous chain of recessions that lasted virtually the ENTIRE century.
And the ONLY reason the rich "lost the most" in these downturns is because the poor had next to nothing to BEGIN with.
The idea that economic recessions are the result of a central bank and "managed economies" is bunch of ignorant Bullsh*t.
Put down the Kool-aid and get an education that's not simply listening to Rightwing talk radio.
another excellent interview emily.
It puzzles me that Romney would endorse this bill, when he is pro-bailouts, and has said that he thinks Bernanke has done a great job!
Maybe he's endorsing them so he can share the limelight Paul is getting. Look at the big banner and crowds chanting for Paul during Romney's visit to Poland.
Good Question! Mat Larson points out that Romney is STILL trying to steal Ron Paul's delegates. If Romney had this in the bag, he shouldn't have to bother.
What? You don't think there were economic booms and busts prior to the economy being "manipulated"?
You need to learn more about history.
LMAO from the person who didn't see the housing boom/bust coming and YOU have the gall to say I should learn history???? The booms and busts were caused by manipulation and bypassing the free market. Great if you're a crony. Is it any wonder during this last collapse the number of billionaires went up? This 25th year of tracking global wealth was one to remember. The 2011 Billionaires List breaks two records: total number of listees (1,210) and combined wealth ($4.5 trillion).
Why listen to you about economics history? You had no idea about the housing bubble when the ones who were correct about the housing bubble told us early as 2001. I listen to the ones who were right, not the ones who sound right. The reason the Austrian economists knew and YOU did not was Hazlitt told us about the EXACT same scenario in 1946.
Economics in One Lesson by Henry Hazlitt
Section 2, Credit Diverts Prodution
The proposal for government loans to private individuals or projects, in brief sees B and forgets A. It sees the people into whose hands the capital is put; it forgets those who would otherwise have had it. It sees the project to which capital is granted; it forgets the projects from which capital is thereby withheld. It sees the immediate benefit to one group; it overlooks the losses to other groups, and the net loss to the community as a whole. (fyi -The Forgotten Man)
The case against government-guaranteed loans and mortgages to private businesses and persons is almost as strong as, though less obvious than, the case against direct government loans and mortgages. The advocates of government-guaranteed mortgages also forget that what is being lent is ultimately real capital, which is limited in supply, and that they are helping identified B at the expense of some unidentified A. Government-guaranteed home mortgages, especially when a negligible down payment or no down payment whatever is required, inevitably mean more bad loans than otherwise. They force the general taxpayer to subsidize the bad risks and to defray the losses. They encourage people to “buy” houses that they cannot really afford. They tend eventually to bring about an oversupply of houses as compared with other things. They temporarily overstimulate building, raise the cost of building for everybody (including the buyers of the homes with the guaranteed mortgages), and may mislead the building industry into an eventually costly overexpansion. In brief in the long run they do not increase overall national production but encourage malinvestment.
Quote:
Originally Posted by LordBalfor
Europe had an economic downturn roughly every THREE years in the mid/late 1700's and much of the 1800's was not any better.
And lets' not even get started on the Dark Ages - which was the most severe and longest economic collapse in history - lasting roughly 500 years!!!!!
The most severe economic collapse in the US happened during the Great depression which lasted from roughly 1930 to 1948 almost 20 years!!!!!!!!
Does your analysis on the dark ages include made up terms with little meaning like GDP?
Quote:
Originally Posted by LordBalfor
History is FULL of economic booms and busts - always has been, always will be.
Ken
And manipulation of monetary policy and getting away from the free market has caused it.
Your problem is you listen to the same idiots who told us the economy was good during WW2. The same idiots who didn't see the dot com bubble and then when that went sour as all manipulation of the economy does, the same idiots who thought manipulating the housing industry would solve that problem.
Increase the money supply through lower than market interest rates and/or recklessly loaning to individuals by lowering lending standards has been the root cause of Americas economic booms and busts for the last 150 years. From The House of Cook, to the Great Depression, to the Dot Com and Housing collapses. It's all been the same thing. The busts are always worse than the booms.
If I want to know how Ken takes care of Ken and invests for Ken, then I'll listen to Ken because I believe you know whats best for you and you'll make decisions for yourself in the long run better than anyone else will make decisions for you. When it comes to Ken, you're a smart guy. When it comes to the economy I wont listen to you. Just as I wont listen to the Cubs on how to win the World Series.
I am amazed how smart people like yourself don't get it.
Last edited by Loveshiscountry; 07-31-2012 at 06:00 AM..
500 years is SHORT LIVED???? That's how long the Dark Ages lasted - a period of continuous economic and political collapse that lasted a DOZEN LIFETIMES.
The European recessions of the 1700's may have been "short-lived" but they were CONSTANT. The economy would barely recover and then it would drop back into recession AGAIN producing a nearly continuous chain of recessions that lasted virtually the ENTIRE century.
And the ONLY reason the rich "lost the most" in these downturns is because the poor had next to nothing to BEGIN with.
The idea that economic recessions are the result of a central bank and "managed economies" is bunch of ignorant Bullsh*t.
Put down the Kool-aid and get an education that's not simply listening to Rightwing talk radio.
Ken
So the lowering of interest rates by the Federal Reserve which is the CENTRAL BANK below market which led to the mal investment wasn't managed?????
So the Housing loans where lending standards were lowered so that people who normally didn't earn enough to get a loan now could, is not managed??? So the Housing loans where lending standards were lowered so that people who didn't have a history of good credit that normally stopped them form getting a loan, but now could, is not managed??? So the Housing loans where lending standards were lowered so that people who only had 5 percent or less for a down payment because their ability to save like normal good risks, but now could, was not managed?
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