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We might have found out if all those liberal meddlers hadn't stepped in to rescue the financial system in and around 2008. Of course, what they were protecting in that case was not the financial system itself, but rather the many millions of Americans and others around the world on top of whom the wreckage of such a collapse would have fallen.
And just see the thanks they get for it in some quarters.
What do you think would happen if all financial institutions were eliminated. You know, because they're just freeloaders and cause problems.
That leach is now consuming 3x as much of GDP as it did in 1950.
But frankly, I think we'd be better off if they were eliminated vs what we have now.
BTW, even if a profession has some redeeming or necessary function, it can still way outgrow its usefulness and be predominantly a parasite. That's usually how it goes.
It seems to me that some want to be able to talk about economics and finance but don't necessarily want to be bothered with all the fuss of actually studying and learning things about these subjects beforehand. That approach though is a little like trying to drive without putting gas or oil in the car first.
I spent a few months living with homeless people in Santa Cruz. The only public support I witnessed anyone getting was foodstamps (back when they actually were). Think it was ~$100/mo. They usually got fed at church charities, so the foodstamps were sold for about half face value, and they'd buy their favorite drug with the cash. At least they had something to look forward to once a month. That food stamp cost was pretty much it for their "burden to the tax payer", unless you start putting price tags on the frequent harassment and occasional beatings from bored cops.
The "expensive homeless" stories are just fake news.
Not when ER visits and such are taken into account. Utah did the math and figured out it's cheaper to house and feed than pay for ER and prison.
Not when ER visits and such are taken into account. Utah did the math and figured out it's cheaper to house and feed than pay for ER and prison.
I very much doubt it. If you assume you are imprisoning them for the crime of being homeless, then sure, housing them would be cheaper than that. And do people quit going to the ER when they have a place to live? I didn't know anyone who used medical facilities, although I knew one guy who was begging to save money for dental work.
Who in Utah? And did this "revelation" result in housing and feeding the homeless to save money?
If nobody profited from taking risks society would never advance... landlords don't exist to give you free housing. Stop talking like a communist. Profiteering might not be ideal, but without it there would be no incentive to do anything in society and innovate to create new technologies. I'm just supposed to rent my place out at a rate below what supply and demand dictates to not be greedy, ignoring the fact that half the time you'll find a tenant that tries to sneak in pets or trash the place who doesn't care about it because it's not theirs.
If a tenant proves to me they are respectful, I may just leave their rent fixed for a decade because a respectful tenant is worth their weight in gold in a society full of narcissists doped up on antidepressants.
What do you think would happen if all financial institutions were eliminated. You know, because they're just freeloaders and cause problems.
Finacial Institutions shouldn't be completely eliminated, they should be regulated and run like public utility companies. Banks should serve the people and communities, not other way around like today. Today most Americans are debt slaves to the banks!!!!!!!!
And they say you are FREE in America, think again!!!!!!!!!!!
Profiteering might not be ideal, but without it there would be no incentive to do anything in society and innovate to create new technologies.
Yes, but for the past 40 years the game has been rigged so that all of our productivity gains go to profit and not to labor. This has produced many distortions. It isn't sustainable or efficient in any consumer-capitalist system.
We had our strongest economy when most of the productivity increases ended up in worker salaries. From the early 30s to late 70s median wages actually went up faster than per capita GDP. Based on the evidence it appears that minimizing the profit share maximizes the aggregate performance of the economy. There is never a lack of capital if the demand (consumption) side is there.
We might have found out if all those liberal meddlers hadn't stepped in to rescue the financial system in and around 2008. Of course, what they were protecting in that case was not the financial system itself, but rather the many millions of Americans and others around the world on top of whom the wreckage of such a collapse would have fallen.
And just see the thanks they get for it in some quarters.
Rescue????? What they did is CRIMINAL!!!!!!! SPECIAL INTERESTS and those Liberal Politicians who can't control them have ruined America. Liberal rule creates CHAOS which Conservative rule Must ORDER. The Liberal inability to discipline crime makes it inevitable that a FATHER FIGURE appears to reestabish law. That is why Donald Trump won this election, to establish RULE of Law again in this country!!!!!!!
This country must be its citizens first. This means Wall Street needs to be reigned in.
If the corporations of greed do not reform themselves, out come the pitchforks. That is the lesson of history.
Finacial Institutions shouldn't be completely eliminated, they should be regulated and run like public utility companies. Banks should serve the people and communities, not other way around like today. Today most Americans are debt slaves to the banks!!!!!!!!
And they say you are FREE in America, think again!!!!!!!!!!!
Were those that borrowed money forced to do so at the point of a gun, or did they do so voluntarily?
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