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re: Has a generation screwed the world and nation up more than the boomers?
Posted on 6/18/19 at 11:40 am to Cheese Grits
Posted on 6/18/19 at 11:40 am to Cheese Grits
quote:
Regan was the face man but what that administration really did was load up on debt then spent like drunken sailors to buy their way out. Sure it was a reasonable short term fix but long term it was the beginning of the end of US power. Petrodollars now trade in multiple currencies when for at least a century Petrodollars were the monopoly of the US dollar. Bush Sr was better president than Ronnie but even he could not get a second term with the debt Ronnie saddled us with. Old school Republicans like my old man were fiscally conservative and that could not be said of Ronnie as no true conservative would have agreed to all that debt. Bush Sr was more fiscally conservative and the better president but Ronnie was more charismatic so he is seen as being better.
So, he did this all by himself, did he? The Chief Executive goes around throwing all the money around? Why, in all of that, is there not even one, single, mention of a Democrat Congress? Sure, they helped pass his tax cuts, but who actually spends the money? Hmmmm? Who actually spent the money, then, too?
"Bush, Sr." what happened to him when he gave the "read my lips, no new taxes" speech? Do people remember? Who controlled the purse strings and the passage of new taxes? Those who shall not be named. Which party controlled the Congress, still, at that time? What did they do? They attached tax upon tax to every bit of legislation they could until there were bills he could not veto, and BAM....he suddenly reneges on his promises. Typical for that party over the years.
1
Posted on 6/18/19 at 11:48 am to RogerTheShrubber
quote:
How many Econ classes have you taken in college? What was your major?
Do you trust those progressive college professors to really tell you the truth about economics? I'll wait while your head explodes trying to come up with an answer to that one. Sucks when your own logic is used against you, right?
BTW, I majored in hard sciences, not "social sciences" like economics. AKA bullshite degrees.
This post was edited on 6/18/19 at 11:58 am
Posted on 6/18/19 at 12:08 pm to EarlyCuyler3
> complains about millennials being socialist
> says you need to take college Econ classes
> says you need to take college Econ classes
Posted on 6/18/19 at 12:12 pm to EarlyCuyler3
quote:
Do you trust those progressive college professors to really tell you the truth about economics?
I trust myself to take principles and apply them to real life, minus biases I here, absolutely.
My Econ professor was the author of the textbook and was awesome. He was very adept at explaining various applied theories.
Posted on 6/18/19 at 12:16 pm to RogerTheShrubber
quote:
I trust myself to take principles and apply them to real life, minus biases I here, absolutely.
That makes one of us.
Posted on 6/18/19 at 12:17 pm to GreatLakesTiger24
quote:
complains about millennials being socialist
Most are just too stupid to understand basic economic terms
quote:
Recent polls have suggested that millennials are far more positive to socialism than older cohorts. For instance, the Pew Research Center found that 43 percent of 18-29 year olds had a positive reaction to the word socialism, compared to 33 percent of 30-49 year olds, 23 percent of 50-64 year olds, and 14% of 65+. The older you get the more you hate socialism.
quote:
In fact, a 2010 CBS/New York Times survey found that when Americans were asked to use their own words to define the word "socialism" millennials were the least able to do so. According to the survey, only 16 percent of millennials could define socialism as government ownership, or some variation thereof. In contrast, 30 percent of Americans over 30 could do the same (and 57% of tea partiers, incidentally).
LINK
Posted on 6/18/19 at 12:19 pm to EarlyCuyler3
quote:
That makes one of us.
I mean you're already convinced that one of the most important classes anyone could take is psycho jumbo jumbo
Sounds like you've already drunk the Kool Aid
This post was edited on 6/18/19 at 12:19 pm
Posted on 6/18/19 at 12:20 pm to RogerTheShrubber
quote:
one of the most important classes anyone could take
It's a social science.
Posted on 6/18/19 at 12:22 pm to EarlyCuyler3
quote:
It's a social science.
You use Econ every single day,-and it's involved in almost every decision you'll ever make.
Posted on 6/18/19 at 12:22 pm to RogerTheShrubber
quote:
I trust myself to take principles and apply them to real life, minus biases I here, absolutely.
Hear
quote:
My Econ professor was the author of the textbook and was awesome. He was very adept at explaining various applied theories.
So you allegedly took intro to economics?
Posted on 6/18/19 at 12:25 pm to RogerTheShrubber
quote:
You use Econ every single day,-and it's involved in almost every decision you'll ever make.
Microeconomics perhaps. Not macro hocus pocus horseshite.
I can handle a calculator and budget app without needing a professor to hold my hand.
Posted on 6/18/19 at 12:27 pm to Mingo Was His NameO
quote:
So you allegedly took intro to economics?
Macro
Micro
Behavioral Econ
Intermediate Macro
Public Econ
Posted on 6/18/19 at 12:27 pm to TigersHuskers
quote:
I'm in my mid 20s. I know my generation sucks
sucks? A completely useless generation
2 bad we didn't abort the whole lot of you.
Posted on 6/18/19 at 12:28 pm to EarlyCuyler3
quote:
Not macro hocus pocus horseshite.
C'mon man..
You still have to understand it to relate to the world around us
Posted on 6/18/19 at 12:35 pm to RogerTheShrubber
I do understand it. And that's why I understand why inflation is bad, period. Which was the original rabbit hole that led us here. I think the Keysnian theory that somehow inflation magically makes the economy better for all of us is idiotic. I think it was purposefully designed to exploit the economy at the expense of many to the advantage of a select few.
It's just like trickle down economics. Oh it sounds great and you can convince a bunch of voters of questionable intelligence to vote for you based off of it, but it doesn't work.
It's just like trickle down economics. Oh it sounds great and you can convince a bunch of voters of questionable intelligence to vote for you based off of it, but it doesn't work.
Posted on 6/18/19 at 12:37 pm to EarlyCuyler3
quote:
And that's why I understand why inflation is bad, period.
You have to have some inflation. It's natural and a result of economic growth
quote:
It's just like trickle down economics.
It certainly worked for JFK and led to growth.
This post was edited on 6/18/19 at 12:38 pm
Posted on 6/18/19 at 12:41 pm to RogerTheShrubber
No, that's what you were taught to believe.
quote:
To these people one should answer first of all, "One of the privileges of a rich man is that he can afford to be foolish much longer than a poor man." And this is the situation of the United States. The financial policy of the United States is very bad and is getting worse. Perhaps the United States can afford to be foolish a bit longer than some other countries. The most important thing to remember is that inflation is not an act of God; inflation is not a catastrophe of the elements or a disease that comes like the plague. Inflation is a policy — a deliberate policy of people who resort to inflation because they consider it to be a lesser evil than unemployment. But the fact is that, in the not very long run, inflation does not cure unemployment. Inflation is a policy. And a policy can be changed. Therefore, there is no reason to give in to inflation. If one regards inflation as an evil, then one has to stop inflating. One has to balance the budget of the government. Of course, public opinion must support this; the intellectuals must help the people to understand. Given the support of public opinion, it is certainly possible for the people's elected representatives to abandon the policy of inflation.
Posted on 6/18/19 at 12:41 pm to EarlyCuyler3
quote:
I understand why inflation is bad, period
Incorrect, no matter what economic model you support.
quote:
trickle down economics. Oh it sounds great and you can convince a bunch of voters of questionable intelligence to vote for you based off of it, but it doesn't work.
Mostly true.
Posted on 6/18/19 at 12:43 pm to EarlyCuyler3
quote:
No, that's what you were taught to believe.
Give me a model that has no inflation
Posted on 6/18/19 at 12:54 pm to RogerTheShrubber
I think we're at a cross-roads over the definition.
quote:
Inflation, to sum up, is the increase in the volume of money and bank credit in relation to the volume of goods. It is harmful because it depreciates the value of the monetary unit, raises everybody's cost of living, imposes what is in effect a tax on the poorest (without exemptions) at as high a rate as the tax on the richest, wipes out the value of past savings, discourages future savings, redistributes wealth and income wantonly, encourages and rewards speculation and gambling at the expense of thrift and work, undermines confidence in the justice of a free enterprise system, and corrupts public and private morals.
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