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Messages - More Than Mortal
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8281
« on: January 21, 2015, 03:43:53 AM »
Tonight, after a breakthrough year for America, our economy is growing and creating jobs at the fastest pace since 1999. At least give Bernanke some credit. shrinking deficits I'll give him that one, but the economy hasn't expanded nearly enough to offset the rising debt. “If only we had known,” Rebekah wrote to me last spring, “what was about to happen to the housing and construction market.” Why is Obama sponsoring wrong economics? Unless he's trying to shift blame away from the government's atrocious monetary policy from 06-09? We believed we could reverse the tide of outsourcing, and draw new jobs to our shores. Again, more poor economics. The only way, I know of, that Obama's managed to stop the 'tide of outsourcing' is by interfering with free trade--especially steel construction. And today, America is number one in oil and gas. I know an inflated supply is the reason for low prices, but I've got to give Obama some credit for not cockblocking natural gas developments. We believed that sensible regulations could prevent another crisis Well that'd make a change from the poor regulation that encouraged the sub-prime mortgage crisis. She and Ben are working as hard as ever, but have to forego vacations and a new car so they can pay off student loans and save for retirement. Boo fucking hoo. We set up worker protections, Social Security, Medicare, and Medicaid to protect ourselves from the harshest adversity. At the cost of various states, of course, and by brow-beating them into line with fiscal strings. And that’s why my plan will make quality childcare more available, and more affordable, for every middle-class and low-income family with young children in America — by creating more slots and a new tax cut of up to $3,000 per child, per year. This actually isn't bad on the face of it, but there's a significant risk of perverse incentives. That’s why this Congress still needs to pass a law that makes sure a woman is paid the same as a man for doing the same work. Fuck YOU, Obama. To give working families a fair shot, we’ll still need more employers to see beyond next quarter’s earnings Is that why you appointed Janet Yellen at one of the worst time's possible? Fucking moron. higher minimum wage Double fuck you. So to every CEO in America, let me repeat: If you want somebody who’s going to get the job done, hire a veteran. Okay, I like this. Since 2010, America has put more people back to work than Europe, Japan, and all advanced economies combined. That's a nice way of misrepresenting data, Obama, considering America's population is fucking huge. I intend to protect a free and open internet This is good. that let some corporations pay nothing Good, they should be paying nothing. Got bored there. Overall: turd/shit.
8282
« on: January 21, 2015, 02:21:57 AM »
The mayor has done this, but it reflects France's attitude towards anything that could be perceived or presumed to be anti-Charlie hebdo. And so far the government haven't stopped him, so we can only assume that they are okay with it and therefore support the mayor's decision
8283
« on: January 20, 2015, 03:24:16 PM »
Let's get this straight, a mayor did this. We have no idea how the French people or the National Assembly will take this.
That being said, fuck that mayor.
8284
« on: January 20, 2015, 03:13:33 PM »
Government should outlaw debt
That's the dumbest idea I've ever heard.
nah-uh. then there wouldn't be any financial prblems
>can't tell if serious
8285
« on: January 20, 2015, 03:10:50 PM »
Research.
8286
« on: January 20, 2015, 02:31:23 PM »
Government should outlaw debt
That's the dumbest idea I've ever heard.
8287
« on: January 20, 2015, 02:04:22 PM »
because it's the system that was used in the best ancient civilizations Communism or capitalism? Also because it was being used during the industrial revolution... That's probably because it caused the industrial revolution. . .
8288
« on: January 20, 2015, 01:57:18 PM »
lolno... It only doesn't work if we switch straight to communism... we need a long transition period from capitalism to socialism to communism (this would take a century or two)...
Even if you could make it work, there's nothing to suggest it'd be superior to capitalism. I mean, we are comparing it to the system which has given 1pc of human history 99pc of the wealth.
8289
« on: January 20, 2015, 01:43:57 PM »
The way I see it either you're a greedy heartless asshole
Yes.
8290
« on: January 20, 2015, 01:32:03 PM »
Fuck you guys, we aren't getting into a socialism vs. communism debate.
We are going there.
That's a fucking top-quality meme. However, given the purely economic nature of this thread (and the ideological interplay between communism and socialism) it isn't entirely wrong to put communism under it.
8291
« on: January 20, 2015, 01:30:43 PM »
Omg fuck you guys
8292
« on: January 20, 2015, 01:28:58 PM »
Fuck you guys, we aren't getting into a socialism vs. communism debate.
It depends on whether or not you're a Marxist or not, but socialism can indeed be stateless.
8293
« on: January 20, 2015, 01:27:59 PM »
how?
It's a pipe dream; idealistic nonsense. I'd rather devote my time to tweaking the best system of organisation man has yet devised: capitalism.
8294
« on: January 20, 2015, 12:58:46 PM »
What is even going on?
Can't we all just agree that MSNBC and Breitbart are just as bad as each other when it comes to misrepresentation?
And thus MSNBC is qualitatively worse since regular left-of-centre views are already misrepresentations of reality?
( ͡° ͜ʖ ͡°)
8295
« on: January 20, 2015, 12:43:07 PM »
Given the chance, would you sex Greenspan?
I'd have such a depressionary effect on his butthole, all of the monetary easing in the world couldn't maintain the demand for his prostitution.
8296
« on: January 20, 2015, 12:15:37 PM »
The Great Moderation was a decrease in macroeconomic volatility. Essentially, the business cycle just calmed down for a while, represented here: If there are just three things you need to understand while studying economics, they're the Great Depression, the Great Moderation and the Great Recession. With, I think, the Great Moderation being the most important. How exactly did this decrease in business cycle fluctuations come about? Good monetary policy, is the answer. A speech by Ben Bernanke (most recent Chair of the Fed) tells us that nominal income--as well as possibly inflation--is the only reliable indicator of monetary policy within an economy. Not interest rates, not commodity prices and not monetary aggregates. If we take this to be the case, how did monetary policy perform during the Great Moderation? Very well, indeed. Alan Greenspan--Chair of the Fed at the time--has given conflicting views about whether or not they were targeting nominal income at the time. However, in a late 1992 FOMC meeting, Greenspan states: I'm basically arguing that we are really in a sense using [unintelligible] a nominal GDP goal of which the money supply relationships are technical mechanisms to achieve that. And this is supported by a study from Josh Hendrickson. There has been some push-back against the monetarist line, especially by those who take a credit cycle-view of the economy. It goes back to a 1983 paper by Ben Bernanke, in which he argues that disintermediation between banks (otherwise known as a credit crunch, or debt-deflation) is a sort of 'real' shock which can make the economy worse by depressing aggregate demand. This idea, however, doesn't hold up under scrutiny. There's no reason why financial crashes should drive the entire economy into a Recession, and indeed we've often seen that they don't, they just exacerbate already bad monetary policy--as in 2008. In 1987, just after Greenspan became chairman, the biggest crash in stock prices occurred. It was bigger than the 1929 stock market crash; in fact, it was so bad that 33 economists promulgated the view that the following years could be as bad as the 1930s. It wasn't. . . Pretty much nothing happened in the real economy, because the Fed injected liquidity and maintained aggregate demand. These two graphs show what happened to nominal spending growth (aggregate demand) in 1987 and 2008. And, in support of this view, a paper by the Bank of England concluded that quantitative easing works not because it facilitates lending, but because it maintains aggregate demand. TL;DR:
- Good monetary policy = good economy.
- Alan Greenspan is forgetful, but a monetary god.
8297
« on: January 20, 2015, 11:33:05 AM »
i figured you would
I'm thoroughly hornswoggled.
8298
« on: January 20, 2015, 11:27:21 AM »
8299
« on: January 20, 2015, 11:26:25 AM »
what about communism?
lol Because it's dumb.
8300
« on: January 20, 2015, 09:36:52 AM »
I put completely free since 'moderately restricted' is both ambiguous and very broad in applicability.
8302
« on: January 20, 2015, 01:59:39 AM »
You're obsessed.
It's topical and relevant to current events. If he kept it up for months, then maybe I'd call it obsessed.
At this rate we might as well have a 'Chris Kyle bashing thread'. More importantly however, why is Camnator fucking banned again?
8303
« on: January 20, 2015, 01:57:11 AM »
The war on terror turned into a conventional war, not just one of ideas, with the rise of this sort of Islamism. We're in a quasi-cold war with the world of Islamic values, and I wouldn't be surprised if our militaries meet a few Koreas or Vietnams along the way.
8304
« on: January 20, 2015, 01:24:43 AM »
It's always confused me.
God sent himself and had himself executed. . . In order to save him from himself. . . Which apparently didn't work anyway because it's only in the New Testament that Hell is introduced.
8305
« on: January 20, 2015, 01:22:40 AM »
You're obsessed.
8306
« on: January 19, 2015, 05:34:28 PM »
quantitative easing doesn't cause hyperinflation.
You didn't actually state that.
*hasn't It won't if you aren't completely retarded with it.
8307
« on: January 19, 2015, 05:33:28 PM »
So why would the coin be a bad idea? Economically speaking.
It wouldn't actually. It'd just completely and utterly fucking destroy any hope of future fiscal or monetary responsibility and wreck America's political foundations. On its own independent merits though, I see nothing immediately wrong.
8308
« on: January 19, 2015, 05:30:32 PM »
It still means the dollar is worth 1 Trillion less than the day before it was printed though <.<
That's not how inflation works. If the coin isn't put into circulation, money velocity remains equal and there's no overheat. It's essentially for the same reason quantitative easing doesn't cause hyperinflation.
8309
« on: January 19, 2015, 05:20:28 PM »
What a fucking retarded idea.
Just curious, what exactly is wrong with it?
Well it does nothing to fix the fiscal profligacy rampant in the government since Bush, and would probably destroy what little remaining trust there is in the monetary institutions by grossly violating their independence and credibility.
8310
« on: January 19, 2015, 05:13:47 PM »
What a fucking retarded idea.
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