What is the most import aspect of money?

Discussion in 'Economics & Trade' started by Econ4Every1, Jul 21, 2017.

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What is the most import aspect of money?

This poll will close on Oct 21, 2100 at 8:25 PM.
  1. It must be a good store of value over long periods of time.

    6 vote(s)
    31.6%
  2. It is a specific unit of account

    5 vote(s)
    26.3%
  3. It is a medium of exchange

    17 vote(s)
    89.5%
Multiple votes are allowed.
  1. DennisTate

    DennisTate Well-Known Member Past Donor

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    On that note I think that I will initiate one of those private conversations with you Sir!
     
  2. Iriemon

    Iriemon Well-Known Member Past Donor

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    Given your complete dodge and failure to provide a link for the quote, that would certainly be a logical deduction.

    The "rock" turning to a pillar of sand.
     
  3. Iriemon

    Iriemon Well-Known Member Past Donor

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    Not at all. Raise taxes like Clinton did and pay down the debt when the economy is good.

    Not run up more debt when you and your children pay their taxes, and are a very very irresponsible concommie
     
  4. Iriemon

    Iriemon Well-Known Member Past Donor

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    What has happened is that since 1981 every Republican administration has increased the deficits, and every Democratic one has brought them down.
     
  5. Iriemon

    Iriemon Well-Known Member Past Donor

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    More RW propaganda. https://www.cbo.gov/sites/default/files/recurringdata/51134-2017-06-historicalbudgetdata.xlsx

    Newt and the Republicans wanted to run up the deficits in their comcommie way they always do. When Bush was selected, they got their wish, and squandered the surplus budget Clinton left.
     
  6. Iriemon

    Iriemon Well-Known Member Past Donor

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    I'm not saying I'm against balance budgets or surplus budgets. But there are times when the fed government should deficit spend, like when the economy is in a bad recession.
     
  7. Iriemon

    Iriemon Well-Known Member Past Donor

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    I'm certainly not in favor of an ever increasing debt.
     
  8. james M

    james M Banned

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    actually Newt passed BBA to make deficits illegal. It passed in house and was killed by Democrats in Senate. Debt would be $0 dollars today, not $20trillion if Democrats had killed all 30 BBA's proposed or passed by Republicans.
     
  9. james M

    james M Banned

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    BBA is only way to stop politicians from spending more and more and taxing less and less. A child could grasp this.
     
  10. james M

    james M Banned

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    wrong of course, raising taxes slows economy and spending the money quickens the economy making a net gain impossible. Again, a childs concept
     
  11. Iriemon

    Iriemon Well-Known Member Past Donor

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    Why didn't they pass it in 2001 when the Republicans controlled the House, Senate and WH, and had a surplus from Clinton?

    Oh yeah. It was a Republican in office.
     
  12. james M

    james M Banned

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    Newt was not the Administration. the President does not control the budget. A childs concept
     
  13. Iriemon

    Iriemon Well-Known Member Past Donor

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    Same thing conservatives told us in 1993 when Clinton raised taxes. It would slow the economy and destroy jobs.

    Instead during the time of the Clinton tax increase we saw the longest sustained period of growth post WWII, a record 23 million additional jobs created, poverty levels dropping to all time lows, stock markets tripling even with the correction, the unemployment rate dropping to the lowest level in decades, real incomes rising for all income classes, and the best average annual real GDP growth since the 1960s. Oh yeah, and a then record deficit turning into a surplus.

    Could conservatives be more wrong?
     
  14. james M

    james M Banned

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    not enough support obviously. Any more questions??
     
  15. Iriemon

    Iriemon Well-Known Member Past Donor

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    Bush was a Republican. A child knows that.
     
  16. Iriemon

    Iriemon Well-Known Member Past Donor

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    Republicans were in control. Any more questions?
     
  17. james M

    james M Banned

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    <Mod Edit- Rule 4> Are you saying that tax increases help economy?? How would that be possible??
     
    Last edited by a moderator: Sep 6, 2017
  18. Iriemon

    Iriemon Well-Known Member Past Donor

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    Wrong again. We had a surplus under Clinton without a BBA. A child could understand this.
     
  19. james M

    james M Banned

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    you mean a tiny majority that would give them control if 100% of them plus some democrats agreed . Now do you understand difference between majority and control??
     
  20. james M

    james M Banned

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    Yes surplus because of NEwt and his contract with America to which Clinton was 100% opposed and fought tooth and nail!!!!
     
  21. james M

    james M Banned

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    if I disagreed I will pay you $10,000. Bet??
     
    Last edited: Sep 6, 2017
  22. Iriemon

    Iriemon Well-Known Member Past Donor

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    Please state which facts you assert is incorrect and why.

    Are you saying that tax increases help economy?? How would that be possible??[/quote]

    I said no such thing. I pointed out the falseness of your claim that "raising taxes slows economy." Not necessarily so, because, contrary to what conservatives claimed, after the Clinton tax increase, we had the lothe longest sustained period of growth post WWII, a record 23 million additional jobs created, poverty levels dropping to all time lows, stock markets tripling even with the correction, the unemployment rate dropping to the lowest level in decades, real incomes rising for all income classes, and the best average annual real GDP growth since the 1960s. Oh yeah, and a then record deficit turning into a surplus.
     
    Last edited by a moderator: Sep 6, 2017
  23. Iriemon

    Iriemon Well-Known Member Past Donor

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    They had control of the HOR, the Senate, and the White House. They didn't even try to pass a balanced budget law. Because a Republican was in the WH. Even a child could grasp this.
     
  24. Iriemon

    Iriemon Well-Known Member Past Donor

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    Exactly. Clinton fought against Newt's tax cuts for m/billionaires because he knew it would wreck the budget.

    In 2001 Republicans got control, passed the tax cuts, and wrecked the budget.
     
  25. james M

    james M Banned

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    so you think raising taxes stimulates an economy??? How would that be possible??

    Also, you pretend the Clinton ran perfect economic experiment with all variables held constant except tax
    increase. Do you grasp this point??
     

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