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Most of the studies by some of the top economic schools in the country - as well as the CBO and other non-political sources - indicate your contention that the Stimulus failed is wrong:
I will tell you mine as soon as you tell me yours.
I don't base my predictions on economics, I base it on HISTORY - which I'm educated in (along with Computer Science) and could TEACH - and this is particularly true in regards to Germany in the 20th century (an era in which I have long had a special interest - both in regards to the World Wars AND the interwar years).
So I know plenty enough about the hyperinflation of the post WWI years to know ignorance when I see it posted here.
I don't base my predictions on economics, I base it on HISTORY - which I'm educated in (along with Computer Science) and could TEACH - and this is particularly true in regards to Germany in the 20th century (an era in which I have long had a special interest - both in regards to the World Wars AND the interwar years).
So I know plenty enough about the hyperinflation of the post WWI years to know ignorance when I see it posted here.
Ken
Again, here you go with trying to compare a gold standard policy with a fiat one......History only matters when you don't want to revise it.
Again, here you go with trying to compare a gold standard policy with a fiat one......History only matters when you don't want to revise it.
And again, here you go bringing up the silly gold standard - that has no bearing on anything. As I said on the other thread, you folks have NO qualifications to accurately discuss economics. You throw these terms around that you read on the internet and THINK you know what you are talking about - but you DON'T.
And again, here you go bringing up the silly gold standard - that has no bearing on anything. As I said on the other thread, you folks have NO qualifications to accurately discuss economics. You throw these terms around that you read on the internet and THINK you know what you are talking about - but you DON'T.
Ken
Yea, gold standard and fiat money... same thing.
If the gold standard has no bearing on anything..
Why did Lincoln printed his own fiat money to fund the civil war...??
Will you argue that FDR killing the gold standard and then reinstating a modification of it escalated the Military-Industrial Complex??
Nixon went off the gold standard during Vietnam, coincidence?
JFK wanted to go back to the Gold Standard.... he was killed...
The Revolutionary War? Funded by worthless money called "Continentals" - which you might argue was a just war. The outcome of that war brought forth The U.S. Coinage Act of 1792
Anybody that debased the currency was put to DEATH.
We have now adopted a monetary policy of DOING EXACTLY THAT.
Keep telling yourself there is no difference between the two....I already gave you more proof of this earlier in this thread which you conveniently ignored. I actually gave you an article that shows you exactly how fiat money is much more inflationary than a gold standard.
Oh yea, there was another guy who went off the gold standard one time.... Think his name was Hitler. But he wasn't a war monger or anything. History, I tell ya.
Bush and Obama surely have no interest in fiat monies and central banks necessary for war....because they have never deployed troops..... I mean Afghanistan is no Vietnam, right? Didn't something go down in Iraq recently too?
Why did Lincoln printed his own fiat money to fund the civil war...??
Will you argue that FDR killing the gold standard and then reinstating a modification of it escalated the Military-Industrial Complex??
Nixon went off the gold standard during Vietnam, coincidence?
JFK wanted to go back to the Gold Standard.... he was killed...
The Revolutionary War? Funded by worthless money called "Continentals" - which you might argue was a just war. The outcome of that war brought forth The U.S. Coinage Act of 1792
Anybody that debased the currency was put to DEATH.
We have now adopted a monetary policy of DOING EXACTLY THAT.
Keep telling yourself there is no difference between the two....I already gave you more proof of this earlier in this thread which you conveniently ignored. I actually gave you an article that shows you exactly how fiat money is much more inflationary than a gold standard.
Oh yea, there was another guy who went off the gold standard one time.... Think his name was Hitler. But he wasn't a war monger or anything. History, I tell ya.
The difference between all those historical cases you mention and TODAY is that TODAY there is NO ONE on the Gold Standard. A nations' currency is not measured against GOLD - it's measured against OTHER NATION'S CURRENCIES. If all nations are on the Gold Standard and one nation drops it, then YES that nation is at an economic disadvantage, but not when ALL NATIONS have dropped the Gold Standard.
This is what you folks don't seem to understand. The ONLY folks who care about the Gold Standard are a few economic outlyers and the PEOPLE WHO SELL GOLD. The whole Gold Standard argument is just a SALES PITCH. I saw the same nonsense back in the late 70's - just before gold prices collapsed. Same thing will happen this time around. Gold is just a commodity in a bubble - that's it.
The difference between all those historical cases you mention and TODAY is that TODAY there is NO ONE on the Gold Standard. A nations' currency is not measured against GOLD - it's measured against OTHER NATION'S CURRENCIES. If all nations are on the Gold Standard and one nation drops it, then YES that nation is at an economic disadvantage, but not when ALL NATIONS have dropped the Gold Standard.
This is what you folks don't seem to understand. The ONLY folks who care about the Gold Standard are a few economic outlyers and the PEOPLE WHO SELL GOLD. The whole Gold Standard argument is just a SALES PITCH. I saw the same nonsense back in the late 70's - just before gold prices collapsed. Same thing will happen this time around. Gold is just a commodity in a bubble - that's it.
Ken
Look, I am not saying we need to return to the gold standard. What I am saying is, that ship has sailed. We sold the gold standard up the river, for a war economy. That is the big picture here. Yes, everybody else dropped the gold standard and we are not at an economic disadvantage because we are still the worlds reserve currency.....and that flies because we are a WORLD BULLY.
We didn't trade a bad economic system for a better one. We just dropped gold for war.
We can argue that housing yield is trending up due to short supply and take the glass half full approach - YAY RECOVERY. And then talk about how food and gas (or prices across the board since CPI doesn't count those commodities, whatever.. point is food and gas actually DON'T go up because of printing) going up isn't due to increasing the monetary base "YAY - see? NO PRICE INFLATION - the Keynes were RIGHT (at the present moment) "
All that is really myopic.....
The doomsdayer outlook is justifiable...when you see why we adopted this way of money.
Look, I am not saying we need to return to the gold standard. What I am saying is, that ship has sailed. We sold the gold standard up the river, for a war economy. That is the big picture here. Yes, everybody else dropped the gold standard and we are not at an economic disadvantage because we are still the worlds reserve currency.....and that flies because we are a WORLD BULLY.
We didn't trade a bad economic system for a better one. We just dropped gold for war.
We can argue that housing yield is trending up due to short supply and take the glass half full approach - YAY RECOVERY. And then talk about how food and gas (or prices across the board since CPI doesn't count those commodities, whatever.. point is food and gas actually DON'T go up because of printing) going up isn't due to increasing the monetary base "YAY - see? NO PRICE INFLATION - the Keynes were RIGHT (at the present moment) "
All that is really myopic.....
The doomsdayer outlook is justifiable...when you see why we adopted this way of money.
Um, the CPI does count food and gas. It's just the CORE CPI that doesn't. There's a REASON for that. Those 2 particular items are very volatile - they bounce around a LOT. Gas prices rise every summer and then fall again every winter. Food prices are affected by weather and can thus change drastically up and down based on a single storm. For economic planning or examining long-term trends those types of variations are not useful information because WHEN you take the "snapshot" can drastically change the picture - and thus make long term forecasts or honest and accurate projections etc much much harder. This is WHY the CORE CPI excludes them. They are NOT ignored, they simply not including those in THAT particular metric. The standard CPI does include them and is released every single month right alongside the CORE CPI.
Again, you are simply betraying your ignorance and the fact that you seem to be basing your economic views on the propaganda pumped out by political "talking heads" rather than any fundimental knowledge of economics.
As you can see - food and gas (as well as heating oil) right at the very TOP of the report:
An increase from last year of only 0.7% even with the economy supposedly doing gang busters and in full blown recovery. Hmmm. They blamed Hurricane Sandy and the Sandyhook Shooting but it looks like the urge to spend money wasn't there and neither was the money.
People looked for bargains and have gotten a little shrewder in their spending with more limited income. I think they'll hit the stores for steeply discounted after Christmas sales. That and the gun dealers.
Best opening day for a new year ever on Wall St. 215,000 new jobs in December exceeds projections.
RWNJ economic doom and gloom wishes put on hold again.
Chin up, though. Your teabaggers in the house will try to use the debt ceiling "crisis" to do more damage to our country.
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and THINK you know what you are talking about - but you DON'T.
Weakest Retail Spending Since 2008?
