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Random thoughts and interesting tidbits. . .
. . .focused on current economical and political events.
"But rightful liberty is unobstructed action according to our will within limits drawn around us by the equal rights of others. I do not add 'within the limits of the law,' because law is often but the tyrant's will, and always so when it violates the right of an individual."
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10 comments:
Odd thing for a person who follows a bunch of ideologues who can't even predict inflation to harp on Obama's economic prediction team. Lol, you've already said economic is hard to predict, which means you have contradicted yourself.
Right, which is why Austrians would never make suck idiotic predictions> they know what they don't know.
Why do you think they can't predict inflation? Its not really necessary considering inflation is perpetual within our monetary system..I'm not sure what you're driving at.
What are you talking about? They were making predictions about a market crash all throughout the 90s and first decade of the new century.
I'm driving at the fact that both make predictions about a hard subject to predict. This fact does not make their argument wrong.
Moreover, what is hard to predict is the scale of the crisis, not that stimulus economics works. Stimulus economics has been proven over and over again to work. Some people save the stimulus money, other people spend it. The spent money stimulates the economy immediately, while the saved money stimulates it in the future when people decide to spend it. This is uncritiquably true.
From the media:
"Results of the stimulus spending are difficult to measure, and so far the promised federal money has been slow in coming. As of May 29, just over 100 days since Obama signed the bill into law, only about 6% of the funds had been spent"
Lol, obviously it is isn't working if they aren't spending it.
"They were making predictions about a market crash all throughout the 90s and first decade of the new century."
Yes, Ron Paul did predict the Nasdaq bubble. I can provide quotes from years previous to it if you like.
Yes, Ron Paul and Peter Schiff did predict the housing crisis. I can provide quotes from years previous to it if you like.
"I'm driving at the fact that both make predictions about a hard subject to predict. This fact does not make their argument wrong."
The people I listen to make correct predictions. This chart represents a prediction the Obama administration obviously couldn't have predicted which means either they lied or they are stupid.
"Stimulus economics has been proven over and over again to work."
Please oh please show me when. Zimbabwe? Argentina? Germany?
"Some people save the stimulus money, other people spend it."
And a lot of people stupidly invest it in the bubble of the time and lose all of their money when it pops. Without stimulus, some people save, some people spend, but a lot less people take risks they shouldn't take.
"Results of the stimulus spending are difficult to measure, and so far the promised federal money has been slow in coming. As of May 29, just over 100 days since Obama signed the bill into law, only about 6% of the funds had been spent"
Yea, I already know about this stat. Its a great example of government stupidity. . they can't even spend money as quick as they want to. And if Obama's predicted numbers depended on him spending more than 6% of the stimulus by now, he's still stupid or a liar.
"Yes, Ron Paul did predict the Nasdaq bubble. I can provide quotes from years previous to it if you like.
Yes, Ron Paul and Peter Schiff did predict the housing crisis. I can provide quotes from years previous to it if you like."
Yes, and I can provide quotes from their inaccurate predictions spanning the last two decades. NOT VERY FUCKING ACCURATE IN MY HUMBLE OPINION>
"The people I listen to make correct predictions. This chart represents a prediction the Obama administration obviously couldn't have predicted which means either they lied or they are stupid."
SEE FUCKING ABOVE^
"Please oh please show me when. Zimbabwe? Argentina? Germany?"
Hyperinflation has different causes, duh. Sorry, Germany was not "stimulating" its economy when it tried to repay fines for starting the war. THAT SHOULD BE OBVIOUS.
"And a lot of people stupidly invest it in the bubble of the time and lose all of their money when it pops. Without stimulus, some people save, some people spend, but a lot less people take risks they shouldn't take."
Some people save, some people spend THE FUCKING STIMULUS MONEY. I did not write anything about the housing bubble. Please stop shifting focus so that you can ignore the facts.
"Yea, I already know about this stat. Its a great example of government stupidity. . they can't even spend money as quick as they want to. And if Obama's predicted numbers depended on him spending more than 6% of the stimulus by now, he's still stupid or a liar."
No, you are stupid. Obama is just playing the center and right. He doesnt want to make a big mistake and then pay for it in the next election. Smart move from the man who appointed a conservative cabinet.
"Yes, and I can provide quotes from their inaccurate predictions spanning the last two decades."
Please do. I'd like to see them. And if you want me to gather mine, I will do so gladly.
"Some people save, some people spend THE FUCKING STIMULUS MONEY. I did not write anything about the housing bubble. Please stop shifting focus so that you can ignore the facts."
The housing bubble didn't exist within a vacuum. Please stop ignoring facts. I wasn't only referring to the housing bubble, but every Fed induced bubble. Lets not forget the Nasdaq bubble and the stock market bubble of the 20s which were both induced by easy credit used to invest in places that were high risk that otherwise would not have received investment if it were not for easy monetary policy.
"No, you are stupid. Obama is just playing the center and right. He doesnt want to make a big mistake and then pay for it in the next election. Smart move from the man who appointed a conservative cabinet."
So he's a liar then?
"Please do. I'd like to see them. And if you want me to gather mine, I will do so gladly."
They have been saying that an economic crisis is going to happen for the last 15 years. Just like with Obama, they were pretty shitty and inaccurate statements.
"The housing bubble didn't exist within a vacuum. Please stop ignoring facts. I wasn't only referring to the housing bubble, but every Fed induced bubble. Lets not forget the Nasdaq bubble and the stock market bubble of the 20s which were both induced by easy credit used to invest in places that were high risk that otherwise would not have received investment if it were not for easy monetary policy."
You shifted the focus to ignore my point, which is a form of lying to yourself.
"So he's a liar then?"
I am in the minority, but, yes, I think running on a liberal platform of change and hope and then appointing a bunch of right wingers is lying.
"They have been saying that an economic crisis is going to happen for the last 15 years. Just like with Obama, they were pretty shitty and inaccurate statements."
They specifically predicted the nasdaq bubble and the specifically predicted the housing bubble.
That would put them at about 15 years ago; like I said, I can bring forward statements to back up how accurate they were. Can you please show me why you think they were inaccurate?
"You shifted the focus to ignore my point, which is a form of lying to yourself."
How did I do this?
"I am in the minority, but, yes, I think running on a liberal platform of change and hope and then appointing a bunch of right wingers is lying."
1 lie among many, many others.
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