A Debate about Economics

LastTrueLiberal (1 year ago) Show Hide
0 Marked as spam
Reply Spam
I agree, but in the same way, politicians aren't economists or philosopher kings. They're total idiots who do not understand one shred of economic theory. I must have missed it, but can you tell me when you heard Obama or McCain or Biden or Hillary ever utter one single word about fractional reserve banking, fiat money, monetary policy.. how about Mises or Hayek? Obama is just as ignorant as all the radio hosts you've mention.

northmeister (1 year ago) Show Hide
0 Marked as spam
Reply Spam
Von Mises and Hayek? Are you kiddin' us? They are political hacks whose theories have proven untrue and have lead to the insane trade policies that have destroyed our manufacturing base. The policies of Alexander Hamilton, Jefferson, and Lincoln I prefer. Government is suppose to supervise the economy - to encourage the growth thereof, to monitor it to prevent monopoly, to invest in infrastructure (roads,brides,schools,rail like Lincoln's GOP did), to protect citizens rights ie. workers etc.

LastTrueLiberal (1 year ago) Show Hide
0 Marked as spam
Reply Spam
I don't listen to talk radio.. I particularly dislike Sean Hannity. I do however understand history. FDR imposed price fixing measures, engaged heavily in public work programs to alleviate unemployment, raised corporate taxes, created and appealed to unions, cartelized many industries and subsidized others, imposed many sorts of various industry and employment regulations, and assumed near dictatorial control over the nation's economy. In economic terms, this is simply called "fascism."

northmeister (1 year ago) Show Hide
0 Marked as spam
Reply Spam
Not true. Libertarianism is not based on American history - it is rooted in Mises and Hayek, non-Americans - men who never built a nation. Their theories and others in classical economics caused the mess we are in today - deregulate, privatization (now Germans own the power I get - not my fellow citizens - so much for our Children), and free trade. Our Fathers were made of better stuff. Read them sometime. Especially Hamilton or Jefferson whose party came up with protectionism to oppose subsidy.

northmeister (1 year ago) Show Hide
0 Marked as spam
Reply Spam
"The only thing we have to fear is fear itself." - President Franklin D. Roosevelt. Me thinks your to fearful. Just pledge allegiance to the Constitution - You know, the one that gives the Congress the power to regulate the value of currency, the power to regulate commerce, the power to establish Justice, the power to "Promote the General Welfare" or prosperity/economy of the nation - you know the one Hamilton helped to write with Madison - explained in the Federalist Papers by those Patriots.

jimmyjoe1975 (7 months ago) Show Hide
0 Marked as spam
Reply Spam
Okay, your argument here speaks about productivity and how it benefits all. Government spending on things the government decides on is not productive. Neither is jacking up prices so that farmers can grow useless products like corn. Or protecting steel workers from overseas competition, when all it does in raise the costs of ALL US goods. You can have faith in government, but it does not make it true.

northmeister (7 months ago) Show Hide
0 Marked as spam
Reply Spam
Depends on your defintion of productivity...if it puts my fellow man to work so as to support himself and/or his family..consuming so as to provide the funds to support others at their work...well thats productive. If the money invested whether from citizen driven government investment determined by citizen leaders or by citizen driven businesses run by citizen entrepreneurs, enables the creative to gain wealth n a living wage to the common man...improving as we go...ITS PRODUCTIVE.

northmeister (7 months ago) Show Hide
0 Marked as spam
Reply Spam
It is rather non-productive to allow our childrens inheritance to be sold off and run by foreigners..that applies both ways...the children of America have a right to run their own Steel plants, Auto plants, Electronics plants, and the future inventors and creative ones having a place to make their creations become reality and the FUNDS to bring them to market - either through grant or loan, through private banks or government doesnt matter. True wealth is skills, thought, production.

jimmyjoe1975 (7 months ago) Show Hide
0 Marked as spam
Reply Spam
Right. Except you know not what you speak of. When Bush put steel tariffs in place, they lasted only a few months because the cost of raw materials for US manufacturers of consumer products sky rocketed. It was a catastrophe. Everyone benefits from trade uninhibited by invisible boundaries. And no, there is no right to succeed. There SHOULD be a right to make your own way through life, but that does not exist either. Oh, and WE do not have children together. My kids our my own.

northmeister (7 months ago) Show Hide
0 Marked as spam
Reply Spam
Believe what you want to...but empirical evidence from history, OUR OWN, makes the truth clear...and from German history, and from Japanese history, and from British history and the list goes on. Free trade and markets are not American ideas nor were they practiced in the USA as capitalism..Hamilton recc. Subsidy with Revenue Tariff, Jefferson Protective Tariffs (see his Treas. Sec.) - Lincoln went that way and subsidy (rails etc.) and we became the most prosperous nation on Earth.
northmeister (7 months ago) Show Hide
0 Marked as spam
Reply Spam
The Bush steel tariffs were right, our industry has been decimated by STATE RUN (China) or supported (Japan n Germany) steel industry...you must live in the real world, not the world of utopia and fantasy and the false axioms of Adam Smith and his crowd our fathers rejected. YOUR CHILDREN are not YOURS, they are THEIRS...they belong to themselves..you have the priveledge of raising them and hopefully to be good citizens who seek the truth not idealogy. Buy where you pay the easiest, not cheapest

northmeister (7 months ago) Show Hide
0 Marked as spam
Reply Spam
"Everyone benefits from trade"....NONSENSE. Tell that to my fellow central New Yorkers, who no longer have middle class substaining jobs but have to work two or three jobs to get by...tell that to the autoworkers, tell that to the once great electronics industry destroyed, tell that to textiles in SC, tell that to shoes in NH, tell that to and the list goes on... TRADE IS WASTEFUL of fuel to transport the goods and the wealth which could remain here for our CHILDREN. Make it here, sell it here.

northmeister (7 months ago) Show Hide
0 Marked as spam
Reply Spam
Another note on Bush policies...the War in Iraq and aftermath drove up prices for wood and other construction items due to demand for them there. The most important factor of price increases during the Bush years - OIL...its cost skyrocketed, because he did nothing about it...another failure of Government to do as it is suppose to do..anyway, OIL not steel tariffs caused consumer prices to go up...first see the truth, from there proceed..Make it here to sell it here, there to sell it there.


_______________________________


mh240bravo (1 month ago) Show Hide
0 Marked as spam
Reply Spam
To DJBW what the United States has today is not truly capitalism but a distorted shadow of what we once had. True capitalism is supposed to allot everyone the equal chance of starting their own business while at the other end paying a fair price and receiving a quality good or service. However, because many large companies have political officials on their pay roll ( I would as of now say that the republicans are most guilty of this) many companies receive unfair protection from the government..

_______________

jimmydore (2 months ago) Show Hide
0 Marked as spam
Reply Spam
And when various forms of this creative banking triggered economic crisis, the banks went to Washington for a handout. All the while, top executives kept their jobs and retained their bonuses. Even though the tax dollars that supported the bailout came largely from middle class families -- from people already working hard to make ends meet -- the beneficiaries of those tax dollars are now lobbying Congress to preserve the rules that had let those huge banks feast off the middle class.

stanleythughes (2 months ago) Show Hide
0 Marked as spam
Reply Spam
You know you and your friends on the left use the same rants as Hitler. He also went on and on about the evil bankers. Kind of scary the similarity of the views you and the Nazis share

jimmydore (2 months ago) Show Hide
0 Marked as spam
Reply Spam
Families understand with crystalline clarity that the rules they have played by are not the same rules that govern Wall Street. They understand that no American family is "too big to fail." They recognize that business models have shifted and that big banks are pulling out all the stops to squeeze families and boost revenues.They understand that their economic security is under assault and that leaving consumer debt effectively unregulated does not work.

_________________



califbaby1969 (4 months ago) Show Hide
+1 Marked as spam
Reply Spam
It is the oligarchy -- the very thing the French revolted against; listen to Simon Johnson's American Oligarchy; former IMF Chairman lays out how American banking has taken over the American government; why do you think the "bailout" money went to the financial house and largest banks? Credit Default Swaps ( $62 trillion worth) were issued without regulation to banks who packaged loans; the problem was that paper was worthless; CDS were to insure the lender against defaults; a big nasty scam;

1916jutland (3 weeks ago) Show Hide
+1 Marked as spam
Reply Spam
JFK was President for less than 3 years.He delt with the steel companies when they increased the price of steel. He signed the Test Ban Treaty which saved our atmosphere. He put the civil rights bill in congress and donated all his salary to charity. No President has ever done that. RFK did the same thing & his salary was a lot less. He saved us from nuclear war, cracked down on the mob and Hoffa. I've already mentioned Vietnam. He was nothing like the Bush's. A lot of people loved him.