Is it sick that I kind of want to see the Tea Party's plan put to work??

akphideltaKiAlpha and his fraternity have witnessed the failures of their textbooks. It's unimaginable to him that his theories were on the wrong side of history and the future.

Low Interest Rates, False Boom, Massive Bust. Ring a bell? It's happening all over the world, tune up.

 

The revolution will be televised.

 

Oh geez... we have an Austrian in the house!! Must be nice to have an economic theory based on nothing but imagination!!

 

And your reality is based on a present, obvious failure in multiple countries and economic conditions influenced by the FED controlling interest rates and an attempt to spend us out of a recession, which failed, but they always want more, don't they?

I'm on the side of the people who predicted your downfall, who witnessed the failures of fractional-reserve banking, and witnessed the failures of economic stimulus.

The US federal government can get out of the way in many areas of the economy, but they do not want to because they and their fascist partners have power in the economies of the western world and are determined to keep it that way.

I hope you get your way. Although, you've had your way all along and it would still not convince you of the failures of international banking and their expenditures, because it will always be "weeee neeeeded moooore!"

 

Legal penalties =/= FDA and EPA

You think we didn't have legal penalties before them for almost 150 years? lol

They simply raise the cost of production, in the process making the poor poorer and in some extreme cases making food water or heating too expensive to afford for the poor.

Is that why Keynes submitted that Hayek was right?

You read some of the material, did you get any of it?

 

Lol, the EPA represents something that no one else can represent. How do you think legal penalties get established for destroying some lake that no one owns or polluting the air that no one owns?

Keynes agreed with human behavior being unpredictable and human perception as the cause to economic functionality. But Keynes applied mathematics to it. Austrian's do not apply anything but basic human psychology to their approach. Take GDP... how do you increase GDP if you cut Govt spending? There is no mathematics in the world that can increase GDP with balancing the budget or running a surplus.

How do you increase the quantity of money in an Austrian approach? They don't even talk or mention velocity in any of their attempts to explain economics. They simply talk about human behavior and how individuals perceptions and decisions make the economy run.

But that is no where near the case to how the economy works in the real world. If you want to reach certain goals of employment, growth, inflation, etc... you need Govt to be the source of control. The private sector themselves can not control this in our current environment. At all, based on pure mathematics.

 

Your problem is, you assume we would be where we are today without the Fed controlling interest rates, or with out fractional reserve banking. For some reason a $14 trillion GDP and 9.2% unemployment, and austerity measures in Europe is all of a sudden the worst thing the world has ever faced. I'm sorry, but we are all spoiled because of our economic evolution. There was never a time in the history of this world that the economy didn't go through recessions and depressions. But no time in history were more people able to eat, more people able to live a standard of life than we have today. Europe's problems are that of spoiled individuals... Our problems would make 3rd world countries laugh.

You have yet to represent a logical approach that would have this country better off today throughout the decades. How would we be the largest and most robust economy in the world with your Austrian approach? You can't represent it mathematically, which is why no one takes you seriously in the academic world. Just saying Govt and the Fed are the problem, does not mean your solution does not have worse problems.

I don't see these significant failures. I don't know your situation or where you live, but I have absolutely no problems in my life living in America... and the Fed and the Govt have done nothing that makes me think America is not the most robust and economically enhanced country in the world.

You are going to have to do a lot more to convince me that life with out the Fed, life with out Govt spending, and life with out regulations would some how make us better off. And since you can't express that mathematically, no one will ever take you seriously. In economics you learn things based off math, based of causation, correlation, and relativity. That is why Austrian economics is not taught as mainstream economics. Because they can not express their theory with a factual representation.

 

I am suffering. The money that I am putting towards SS, I could be investing into my own Roth IRA and collecting interest that will actually pay for my own retirement. Instead, it is $240 out of my pocket that I will probably never see.

 

In Spain, that we have a more developed welfare system(in some parts), no party will say that they want to eliminate it.

They will make cuts in education, healthcare... For example increasing the number of teaching hours of the teachers. It means less teachers, and also more students for classroom. It affects to the quality of education.

Similar things done in healthcare.

It is the first movement. The next movement propaganda against the public services because they don't work, and offer they solution. The privates services work better. And after that, you've finished with one of the basis of the wellfare when you've privativized all this services.

Welcome, to the end of the wellcare. They will never say that it is their plan. Even they will say the contrary, but when they are in power, the first that they do is cut in wellfare, and it is the first movement to abolish it.

 

So I have to become a liberally educated, self important arrogant snob in order to meet your high standards of communication? lol. Get real. You want some economics? How about this: You don't add up. lol.

Guys, this guy actually takes himself seriously.

 

Consider also that we might not go for a Tea Party candidate if it means we may loose to Obama. We are building in the house and senate.

As you say, "still open and looking for real leadership and ideas." Fair statement. The ideas followed, from both parties, have led to what we have now. he Tea Party thinks there are other ways and we are tired of paying for what doesn't work. We want actual accountability in government.

 

Still nothing? You think discrediting my knowledge some how makes your lack of education any less apparent?

 

What, I owe you something? My 10 yr old daughter could teach you a thing or two at her lemonade stand. The other day she said, "Dad, if the government paid people to drink my lemonade, would tax payers have to pay for it?" I said, "Yes." She replied, "That wouldn't be very fair to people who pay taxes."

Out of the mouth of babes.

 

Well tell your daughter that she will have to pay the same amount of taxes regardless of how many people the Govt pay to drink her lemonade!

And than tell her to thank the Govt for providing the money in which she can have more customers at her lemonade stand so she can get really rich!

Lol, like I said, you do not have a clue how our economy works.

 

She's 10, she doesn't pay taxes. I guess you missed that part. Even she knows that much.

The point was she didn't want to make money at the expense of the taxpayers. I guess you missed that part too. She doesn't think it right or fair.

I'm not the one who got schooled by a 10 year old girls who runs a lemonade stand. I think you missed that part too.

 

The point you obviously missed is the analogy that the tax payers do not fund all Government spending and that Government spending actually provides money to tax payers in which to pay their taxes.

Guess you missed all that also.

 

Akphidelt:

Simple read any of the works of Charles Dickens and you have the complete picture in one.

The great industrialists and land owners will have a life of perfect ease such as you cannot dream of. GDP growth will be minimal.

The rest will struggle. The poor will be starving and destitute. The loss of a bread winner condemns a family to poverty. Crime will be rampant even though the death penalty will be imposed for trivial crimes.

Most importantly, the American dream and the American experiment will have failed completely because your station in life will depend on who your parents are.

To put it another way; why do you think that young Blacks are now committing crimes in "flash mobs'?


http://www.davidduke.com/general/bl...onsin-ohio-nevada-and-now-maryland_24369.html

 

I understand that would happen, which is why I find it mind boggling how many people want that to happen. I understand they don't realize that is what would happen, but the post was more of a sarcastic joke about making the point that this country would implode with their policies.

 

That's not what would happen. You have made not even a connection with why it would happen and have just said "it would." Common error in liberal thinking.

 

I tend to agree. We have had nothing but a gradual shift to neoclassical economics during the last 50 years...it is SOLELY to blame for our economic woes...yet, to ask your random citizen, they blame the problems on "socialism" or liberalism. We have never been farther from either.
So, yes, I say, let the wacko "free" market types have the ball. It will be a complete disaster. But at least we will be blaming the correct ideology.

 

"After last nights debate, I had an epiphany. Kind of a sick one, but I honestly thought that it would be a great test to American history to allow the Tea Party to instill it's anti-Government economic system."

This same thought occurred to me early in 2009. Most people are not inclined to learn from personal, real life experience. The things they "know" come from within as opposed to observation of the outside world. Epistemology (the study of how we know what we know) would say their source of knowledge is "internal". What they know to be "true" is not required to meet a test of external reality. The so-called bailout of the American automobile and banking industry deprived a lot of people of an opportunity to learn from external experience in the form of a 1930s depression (or worse).

Nevertheless, I believe the "bailout" was the best of two bad options. Some will continue to demand, "no taxes, no government, no spending". These people seem to "know" that such intrusions on personal freedom are unnecessary. For example, they "know" the Interstate Highway system was always there (as were the trees on each side of the highway). There is no reasonable way to respond to these people. But at the same time, there's no reason for the rest of us to go through another Civil Rights struggle, Vietnam War or Great Depression just to placate people who "know what they know".

 

More than 50% of taxes go to welfare, the other 50% is what's actually needed. Oh, But, because i want to get rid of one 50% I can't have the other! Liberals think like children.

 

Oh look, another lib threadfail (yes it's a word, I just made it up) full of straw men and false dichotomies. How lovely.

The day I come running to a lib for anything is the day I hope somebody has the compassion to shoot me in the head.

 

That's why most conservatives are older. They "know" better.