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BeyondTheSpectrum08 (Wednesday 1st of October 2008 08:56:16 AM)

Here's a REAL solution--actually run the government based on a (*gasp*) budget! Households know that you don't spend more than you take in without going to the poorhouse. Outlaw riders to legislative attachments (i.e., pork Barrel spending...if local districts want parks or bridges to no where, let THEM fund it). And stop deficit spending!!!

leearnold (Wednesday 1st of October 2008 09:24:29 AM)

Yes, but deficit spending can work during the business cycle DOWNTURN to relieve effects of recession -- as long as you PAY-OFF the deficit in the UPTURN, so it cancels during the cycle. What we've been getting instead are cynical and stupid politicians abusing the economics, and inattentive and stupid voters going along for the ride -- none worse, it seems, than those of the current American scene. We have to stop it -- someday the foreign money is going to stop buying Treasuries.

k9iou (Tuesday 16th of September 2008 09:20:21 AM)

The GOP is still the Hoover Party !

anubis679 (Friday 29th of August 2008 06:55:39 PM)

heres a cure. get rid of the Federal Reserve system. the debt goes away. but then you would have to go back to a gold standard. oh shucks.

leearnold (Friday 29th of August 2008 07:12:44 PM)

The debt wouldn't go away. And it won't cure the problem in the video: the distribution of taxation. It also wouldn't cure the problems of government spending. In fact it would cure nothing. The gold standard is unnecessary, since inflation is not an issue. On the gold standard, you will still have bank creation of money, and the dangers of bank runs. See the ecolang video "Origin of Banking." So then you still need the Federal Reserve System -- which started on the gold standard.

mossretard (Saturday 30th of August 2008 02:00:19 PM)

You commented that one of my comments was inaccurate go look at a graph of the US dollar you will see pre fed 1776 to 1913 it regained all of its purchasing power 1.00 in 1913 buys .04 today! 96% loss prices have gone up 20 fold but there is no inflation problem right!

leearnold (Saturday 30th of August 2008 05:59:16 PM)

Wages are also much higher than they were in 1913, and in fact you can purchase more goods and services (or gold) now with the equivalent amount of work, than you could then. People now can buy televisions and computers and pay for advanced medical imaging, and so forth. Outsourced jobs have led to a wage crunch, and we have other problems, too -- but again, there is not currently an overriding inflation issue. Please learn economics before going on with this.

mossretard (Saturday 30th of August 2008 06:07:51 PM)

you just proved my part what is the most competitive industries computers technological which have huge amounts of competition and little regulation yes wages are higher but this more due to technological development rather than anything the government has done. As for outsourcing unions and the whatnot PRICED THEMSELVES OUT of the market, it is a global economy. It is not that i dont know economics I am a capitalist you are left liberal, so we are going to disagree. I am free you are slave.

leearnold (Saturday 30th of August 2008 09:15:49 PM)

You are just drifting intellectually, without supporting your previous points. You started with the purchasing power of the nominal currency going down, without acknowledging the magnitude of increase in living standards. Then you jumped over that, to say I am against competition, and that unions are the cause of outsourcing. Please learn economics first, or your further comments will be deleted.

leearnold (Wednesday 13th of August 2008 06:10:40 PM)

Quite the opposite: technically, it is static thinking to suppose that taxation has any affect at all, since it is likely to be based on the deadweight loss argument. Unless spending is reduced simultaneously, the historical evidence is against you, too.