Crash the train to stop it

[whell]

Originally Posted by Ike Bana

Bullshit MAWA/Q-ANON PROPAGANDA. Goes right a long with the Covid-19 propaganda and the Ukrainians are all nazis propaganda.

This just cracked me up. Thanks so much for the laugh today.

Originally Posted by Ike Bana

Sometimes printing more money is exactly the right thing to do. The "austerians" are wrong, the Keynesians are right.

The graveyard of economies that were impacted by devaluing the currency is wide and deep. But hey, maybe this will be the one time that the idea works. We did see short bond prices fall very recently, so maybe. I'm not holding my breath, though.

Originally Posted by Ike Bana

First...this inflation and the price of fucking gasoline has nothing to do with Biden and Democrats. It has to do with Americans coming out of lockdowns and a pandemic and spending their brains out. Inflation is about simple supply and demand...the more demand, the higher the price, it's not fucking rocket science.

You can WAY oversimplify things to make a point if you want. Supply and demand are not constants, as you aware. But you can move the line in the graph where supply and demand meet in a number of ways. For example, you can:

- devalue the currency. That's what the US Treasury did during COVID, under the dubious direction of both Repubs and Dems who cared more about votes than sound economic policy. Supply shrunk due to supply chain issues just as a ton of money was being pumped into the economy.

- devalue the currency further. As prices shot up due to supply issues and aggressive spending, the fed added inflationary pressure by starting to hike interest rates. The hope is to curb demand and get prices to fall. I've never thought of hope is a plan.

Originally Posted by Ike Bana

But nope we got a country half full of racist, anti-democracy seditionistas who get what they need to support their racism, sexism, bigotry and homophobia from their all day long doses of fascist alt-right propaganda all over the internet and selected media outlets. So here...in this little corner of the web, we can thank whell for the constant reminders of what we are dealing with.

Not to interrupt a good rant, but the article I linked to in the post you're responding to was posted in Politico. Not Fox News or whatever other media outlet that you might have a axe to grind with. In fact, the author of the article is someone with whom you might have a like-mind:

Christopher Leonard is a business reporter whose work has appeared in The Washington Post, The Wall Street Journal, Fortune and Bloomberg Businessweek. He is the author of Kochland and The Lords of Easy Money: How the Federal Reserve Broke the American Economy.

So, settle back down and try not to let your skewed perspective, as you capsulized it so succinctly above, get the best of you.

[Rajoo]

Originally Posted by donquixote99

There are no libertarians when THEY need government help! Fah!

Libertarianism is a great concept (I used to be believer), as long as there is no money is involved. Then when I became a capitalist I found out that its all about the money.

[donquixote99]

Libertarianism is all about the money too they just are in denial about it a lot.

[Ike Bana]

Originally Posted by Dondilion

An often-overlooked effect of successive Quantitative Easings is the advantage it bestows on those close to money printing.

If Dodd/Frank had set appropriate limits on the banking industry right out of the gate back in 2010, this never would have happened. The banks would have been forced to spend their own capital before they rack up enough debt to drive them under when there's a mild shift in interest rates, the economy or certain markets they have invested in.

And of course we had the orange asshole rolling back what little there was of Dodd/Frank.

[finnbow]

Originally Posted by Rajoo

Libertarianism is a great concept (I used to be believer), as long as there is no money is involved. Then when I became a capitalist I found out that its all about the money.

I have always found it quaint and rather touching that there is a movement [Libertarians] in the US that thinks Americans are not yet selfish enough.

- Christopher Hitchens

[Ike Bana]

Originally Posted by finnbow

I have always found it quaint and rather touching that there is a movement [Libertarians] in the US that thinks Americans are not yet selfish enough.

- Christopher Hitchens

I was never much of a fan of Hitchens, but sometimes he was...well...Hitchens.

I can't remember who first said this, but it's been something I have been pretty invested in for a long time. The notion that this country was founded on the worst possible combination of philosophies.

Puritanism - we're all sinners
Utopianism - everywhere else is a shithole
Individualism - even worse, rugged individualism, it's the I got mine, go fuck yourself philosophy. And the libertarians are the standard bearers.

And let's not forget the Manifest Destiny cherry on top of this philosophical sundae.

[donquixote99]

PS regarding Libertarianism: when people say 'It's not the money, it's the principle of the thing," it's the money.

[nailer]

Only folks with enough money can discount the importance of money in our culture.

[finnbow]

Originally Posted by nailer

Only folks with enough money can discount the importance of money in our culture.

And the level of income that buys you happiness has risen from $75K to $500K, per the folks who believe these kind of silly studies.

https://www.cbsnews.com/news/money-h...-versus-75000/

[Pio1980]

Libertarians are the folks who preach that the bullies will behave themselves when the teacher leaves the room.

No supervision, no rules, no accountability, the system runs itself because, "meritocracy!".
Aka, manifest destiny. If I can take what I want by any means at my disposal, God intended 'I' have it!
"I've got mine, fuck you!" Randism distilled.

And that is why I rejected libertarianism and reject libertarians, they enable the bullies.