abandonconflict
Well-Known Member
You're the one saying that the single most powerful market force essentially doesn't exist.
What are your thoughts on a basic income?
- Thread starter Padawanbater2
- Start date
Dr Kynes
Well-Known Member
when sellers sell SHIT and the rubes get wise, relizing they dont actually NEED a new iphone every year, then that seller loses sales.
when have people stopped buying food, or clothing, or electricity, or gasoline?
thrift and economic discipline dont destroy the economy, they re-align it and make it stronger.
the debt cycle is economic diabetes, and a box full of doughnuts.
step away from the pastries tubby, a little sweating will melt that butter right off ya.
or are fatcats so important to you that you feel they simply must be preserved no matter the cost to society as a whole?
abandonconflict
Well-Known Member
When they don't have money.
Dr Kynes
Well-Known Member
Demand is one of the most powerful forces, "aggregate demand" is bullshit.
much like another of your catchphrases, Darwinism is real, "social darwinism" is a discredited obsolete notion that tries to "scientifically" explain "divine right" and the hereditary superiority of the nobility.
yet you cannot seem to comprehend Darwinisim and Natural Selection without the "Social" modifier attached.
Dr Kynes
Well-Known Member
abandonconflict
Well-Known Member
Sshhh, no tears now.
heckler73
Well-Known Member
And just to add some more details to that fact:
http://fraser.stlouisfed.org/docs/meltzer/fisdeb33.pdf
Debt-Deflation Theory of Great Depressions -- Irving Fisher(1933)
Dr Kynes
Well-Known Member
you are the one positing keynesian economics, and "public works" are a cornerstone of that fail ass notion.
even if the project is entirely pointless, it's the government spending that creates prosperity and wealth...
so we should all dig holes and fill em back in, thus becoming the most prosperous people in history.
Padawanbater2
Well-Known Member
You have about as much luck selling that to your average American that you do selling pork to your average Muslim.. So can you really call that a solution?
abandonconflict
Well-Known Member
No, keynesian economics says stimulate. I say smash capitalism and eat the rich.
Dr Kynes
Well-Known Member
Dr Kynes
Well-Known Member
it's the only solution that has ever worked.
debt comes with interest payments, savings pays you (unless inflation is deliberately engineered into the system)
if you save to buy something, you pay LESS for it, leaving that loose capital floating about in YOUR pockets to buy other shit instead of lining the coffers of a fatcat, or filling Scrooge McDuck's moneyvault.
hell you could even turn that loose capital which hasnt been consumed by the interest on debt into a small business, an investment, or even some charitable giving. it's all up to you.
when your money is in the hands of bankers and bureaucrats THEY decide how your economy moves instead of you.
Protip: it always moves in the direction that makes them richer and more powerful at your expense.
nevyn
Member
Dr K, went and looked around on the net for the burning diamonds thing, couldn't find anything so it seems you were right, I did come across this however.
"The burning temperature for diamonds is around 3,550� C (6,422�F). Kimberley doesn't burn their diamonds, but they do hold the outgoing stock to drive up prices however[14]. The cost of burning them would be more than it'd be worth just to hold them and drive up the price that way."
"The burning temperature for diamonds is around 3,550� C (6,422�F). Kimberley doesn't burn their diamonds, but they do hold the outgoing stock to drive up prices however[14]. The cost of burning them would be more than it'd be worth just to hold them and drive up the price that way."
abandonconflict
Well-Known Member
In kkkynes' mind aggregate demand = a line of credit.
"A stupid man's report of what a clever man says can never be accurate, because he unconsciously translates what he hears into something he can understand." -Bertrand Russel
Aggregate demand can increase in the short term as a result of usury, but that doesn't make them equal.
"A stupid man's report of what a clever man says can never be accurate, because he unconsciously translates what he hears into something he can understand." -Bertrand Russel
Aggregate demand can increase in the short term as a result of usury, but that doesn't make them equal.
Dr Kynes
Well-Known Member
Dr Kynes
Well-Known Member
"aggregate demand" is the economic hamsterwheel which rejects thrift and savings as theft from the grand economic dance.
it is one of the cornerstones of keynesian economics and of the debt driven consumerism which is currently pushing the economy over a cliff.
do try to keep up. it's really not that difficult.
if you want something, save for it, whether personal or governmental. thats the nature of a Treasury (now an endangered species) and thats the nature of real economic freedom.
keynes pushes for endless cycles of tax and spend, and debt spending to "stimulate" economic activity, creating a bubble which then collapses, requiring...
More tax and spend, and more debt spending.
it serves only to enrich the non-productive money handlers at the expense of real productive work.
Padawanbater2
Well-Known Member
Like I said though, selling that to the American public is next to impossible, whether it's the only solution that's ever worked or not, the American public are idiots. You know this.
So my question is how would you do it? If you can't do it, what's the next solution?
People want shit, they buy shit, whether or not they have the money for it. Stupid, I agree, but they do it. It seems like that's essentially what our economy is built on, dumb people buying shit they don't need for more than its actually worth.. So how do we keep a strong economy while the dumb people don't buy the dumb shit they can't afford and don't need? How would our economy grow if dumb people didn't buy dumb shit they didn't need, and is it possible to get to that point?
abandonconflict
Well-Known Member
Just because you advocate austerity (collective misery) and think Rawn Pawl Hubbard's dystopian wet dream of letting the shit fall where it may was gospel doesnt mean that everybody who disagrees is a Keynesian. No matter how long you insist aggregate demand doesn't exist you won't suddenly find yourself correct.
abandonconflict
Well-Known Member
Wrong again. Are you capable of arguing without changing the meanings of terms?
Dr Kynes
Well-Known Member
there always have been and always will be fools who hate to let a nickel gather dust in their pockets.
they do not and never have created real growth.
real growth in the economy and society comes from those who are willing to delay gratification, work for what they want, and sweat a little more now rather than toil forever at the grist mill.
thats what you call a Human Being.
the rest are mere animals, brute beasts who only seem to be men.