AP Via Fox:Tentative Deal Reached on Future of Big Bank Failures
64 replies, posted
Shiller and Keynes are the two we should be listening to. Friedman can go fuck off, he doesn't know what he's talking about and is partly responsible for the mess. He completely ignored the psychological aspects of economics and focused strictly on the equations. Behavioral economics is the way of the future. With then Shiller predicted both the recent economic turmoil as well as the '87 stock market crash.
[QUOTE=Glaber;21779097]Fine, then explain it. but from where I'm sitting, part of my understanding is "Don't spend what you don't have!"
This is why I don't use a credit card.[/QUOTE]
A simple answer from a simple person.
Deficit spending is built into the economic framework of the country. The only common aspect of the American solution to every problem from the war of 1812, to the new deal, to the war in a Iraq has been deficit spending. Our execution of the later suggests that we should not make so many problems for ourselves. From Alexander Hamilton to Tim Geithner, every single secretary of the treasury has advocated a domestic national debt. The problem is our Foreign debt and trade deficits. The United States is fucking worthless in the global economy. We just need to do what triage we can until the global markets stabilize and we can ditch this bullshit paper pushing economy we've been pursuing and actually make some shit.
[editline]10:52AM[/editline]
[QUOTE=Bassplaya7;21786005]Shiller and Keynes are the two we should be listening to. Friedman can go fuck off, he doesn't know what he's talking about and is partly responsible for the mess. He completely ignored the psychological aspects of economics and focused strictly on the equations. Behavioral economics is the way of the future. With then Shiller predicted both the recent economic turmoil as well as the '87 stock market crash.[/QUOTE]
The fucked up thing is--everyone knew it was coming. The rating agencies are a fucking joke. You can go look up their math and it makes no sense. The entire concept of a bailout is not crazy because of anything the government is doing, It's crazy because the mere fact that it exists proves that the investment banks were putting up more risk than they were worth. AIG and others insured that risk with the CDS's and that's how you get that's how "The poison spread". Pretty clear.
[editline]10:55AM[/editline]
[QUOTE=Glaber;21783801]23 and yes. Remember, I watch Fox so chances are that I also listen to Hannity. (Now if only the radio station would play the third hour rather than switch over to Mitch Album) Around the time of the election, Hannity had the Stop Obama Express. It failed though.[/QUOTE]
Just be glad that McCain didn't win. Judging by how much Obama's aged, I'm pretty sure we'd be looking at president Palin right now.
[editline]10:55AM[/editline]
[QUOTE=Conscript;21784548]Fucking this. Every thread I've been in that's authored by glaber has half its replies be 'fucking glaber' or 'glaber your so stupid' etc. You guys just shit up his threads and then accuse him of being a troll.[/QUOTE]
Reagan was a horrible president BTW.
[editline]11:10AM[/editline]
[QUOTE=Glaber;21775476]Maybe in your country, but in mine it's the public sector that's proven to be ineffective.
It didn't help that we put "progressives" in power since the 60's.
What's that joke again about the opposite of Progress?[/QUOTE]
You're asserting a fucking indemonstrable, unproven, outright fallacious postulate that private enterprise somehow has greater efficacy than government. You're saying this because you take for granted all the things the government does well as "your rights". I regretfully inform you that you have no rights to electricity, no right to clean drinking water, no right to safe roads, no right to safe food/toys/electronics. You have no right to protection from crime, you have no right to medicare when you're sick and dying, and you/your children have no right to an education. Most importantly, you have no rights whatsoever someone more powerful than you decides you don't. If I put a gun to your head, I could take away your right to do anything but suck my salty balls because or die, but for your government protections. So go live in the woods, complain about how the government doesn't do anything right, and see how free you really are.
[QUOTE=Jewsus;21786014]
You're asserting a fucking indemonstrable, unproven, outright fallacious postulate that private enterprise somehow has greater efficacy than government. You're saying this because you take for granted all the things the government does well as "your rights". I regretfully inform you that you have no rights to electricity, no right to clean drinking water, no right to safe roads, no right to safe food/toys/electronics. You have no right to protection from crime, you have no right to medicare when you're sick and dying, and you/your children have no right to an education. Most importantly, you have no rights whatsoever someone more powerful than you decides you don't. If I put a gun to your head, I could take away your right to do anything but suck my salty balls because or die, but for your government protections. So go live in the woods, complain about how the government doesn't do anything right, and see how free you really are.[/QUOTE]
The truth is, the government, despite it's bureaucracy is a very efficient organism at it's core. There's always room for improvement, but the government isn't as slow and pathetic as people make it out to be, it's really hard to deal with that claim when it's so common. Why people think that.. it's idiotic. The private sector is just as slow as the government if anything.
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