The most dangerous time since the Civil War

[pbrower2a]

(01-12-2018, 10:14 AM)Kinser79 Wrote:

(01-11-2018, 04:23 PM)David Horn Wrote:

(01-11-2018, 03:44 AM)Kinser79 Wrote: I will not argue that each generation is the product of its parent generation.  Such is the very basis of S&H theory, Generational Dynamics and even my own theories.  What I was pointing out was that Boomers in particular take time out to lay blame at the GIs whereas in general Xers and Millies are far more likely to simply say "Boomers are fucking stupid lets do something different". 

Oh yeah. that's really different isn't it?  

Actually it is.  I don't hear either my generation or the Millies complaining about what Boomers have done.  They are mostly too busy having to reinvent the wheel because you guys broke the old one.  Boomers on the other hand are still living out their "fuck you dad" ideology in their 60s and it is to be quite frank, embarrassing.

Because elite Boomers have great power through ownership of assets (inherited from GI and Silent parents) and continue to control the apices of bureaucratic power in bureaucracies of all kinds, and can effectively determine whether people work or starve, they have overwhelming power over anyone low in the hierarchy. To characterize the ethos of the worst generation of heirs and executives ever as "Suffer for my profit, my power, and my privilege, you peon!" is to recognize that they can get away with such. Generation X will not get away with such. Such is the difference between an Idealist and a Reactive generation.

Real progress from the depravity of the Boomer elite will come as people find ways in which to evade the power of Boomer elites. The best thing that those elites can do for America is to fade from power. America will do well enough without them.

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Kinser79 Wrote:The "Great Prosperity" was not helped by the oil shocks to be sure.  However, I see you're conviently forgetting LBJ's experiment in conducting an economy on the basis of both guns and butter during the 1960s which required the debacement of the currency twice (in 1965 with the withrawl of silver, and in 1973 with the closure of the gold window).  Both didn't happen because LBJ or Nixion got a strange bug up their ass--they were required because the US was running short of both gold and silver because everyone else could see the absurdity of these policies.

Aren't you the MMT guy?  You should be glad that we finally cut the currency loose for good.

No, that is Playwrite (or as as I often call him Playdude).  When I was in the final stages of Marxism I thought MMT might be a vehicle to "evolve" into a socialist paradigm because a combination of inflation and taxation would eradicate the bourgeoisie.  However, reality seems to indicate that all MMT ultimately accomplishes is the blowing up of asset bubbles.  Again proving that the Austrians have the best economic theories.

Theory is only useful to the extent that it explains reality.

Sure -- all for the Few, and charity is cruelty. Make the world a jungle, and let the elites, individually each as the tiger who sorts out the least adept deer at escaping his voracious appetite as his prey, make life Hell for anyone not in the elite.

All that surprises me about the Austrian school is that it doesn't revive the idea that people suffer with complete compliance in This World for delights in the Next World or be damned to Hell for any shortcomings.

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Kinser79 Wrote:That being said, I see you're ignoring the fact that baring inflating the currency, the state only can obtain money to provide social services (including war) at the expense of the private sector.  Hence why the Trump Tax Reform spells disaster for the Dims come poll time this year--and that is before we even address their baked in weaknesses and the chaos that their party is in.

Sorry, but the economy is not and never has been a zero-sum game.  We just flooded the market with Trillions of dollars, and no inflation.  Everything in the economic realm is situational.

There isn't inflation yet.  Right now, most of that flood is churning around in the stock market.  An increase in the money supply without an increase in the total number of goods necessitates that inflation will occur.  That being said I do not expect inflation to occur until sometime around 2024 at the earliest.  After all the last time dollars flooded in it took the greater part of a decade to reach the street and cause the stagflation you've indicated you feared.

But there is no shortage of goods. All anyone needs to do to get a consumer cornucopia on the cheap is to go to a Goodwill, Salvation Army, or Society of St. Vincent DePaul to buy the wares of the early-electronic era (except for televisions and computers which they no longer accept). Sure, you will have '90s or '80s stuff... but it is wise to be a late-adopter of technology unless your job depends upon modern technology. 

The flood of money going into the stock market looks like bubble behavior. Bubbles devout assets and turn them into feces. Let's put it this way: I would not be surprised if the reprise of the 1929-1932 meltdown that Obama and Democrats stalled comes back hard and long. Hard and long, as in 1929-1932 as opposed to hard and short as in late 2007 - early 2009 could force Americans to act as if it were the 1930s again in politics (except of course on race and gender).

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Kinser79 Wrote:After all it took the entire lamestream media, focusing on a special election in Alabama to get a Dim in, and he managed to just squeak in.  The whole House and a Third of the Senate are up in the Mid-terms.  Also the national polls are skewed.  State by state polls are far more accurate.

Yeah, sure.

I've made my prediction.  I'm not alone in that prediction.  I fully expect once the tax reform is fully implemented that the President's popularity will increase and that the GOP will reap the rewards and GOP challengers in particular will likely be Trumpites.  My hope is that this announces a long term trend of the Neo-Cons migrating back to the Dimocrat Party from whence they came.
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Yes, the election of Doug Jones was something of a freak. Roy Moore was messing around with pretty, underage white girls around the 1970s and 1980s when he was a Democrat. (I am surprised that more people forget that Moore was a Democrat when he was messing with underage girls). He also lamented the 13th, 14th, and 15th Amendments as having been imposed by force (never mind that the United States imposed major changes in the political systems of Italy, Germany, and Japan by force, too, and few Americans -- or even Germans, Italians, or Japanese -- regret such change). But this is no longer the 1970s and 1980s.

The sexual mores of the middle-to-late 2010s accept homosexuality but now repudiate underage sex and sexual harassment. That contributed to the defeat of a man of sexual evil who ran on 'family values'. But those are not the family values of Southern blacks who are just as conservative on 'family values' as Southern whites. Yes, white evangelicals voted with Moore, largely on issues of identity.

America is becoming more conservative on sexuality. Gays and lesbians gained respectability by repudiating the perverts as vociferously as anyone. By 2030 the norm for Americans will be to marry early and stay married even if it is in a same-sex relationship. That conservative standard will be then seen as progress, or at least decency.

On the other side about Doug Jones -- Donald Trump has lost much of his appeal in the South. He has shown himself as an uncaring d@mnyankee city-slicker, and that is not how to win in the South. I saw patterns in the 2017 Senate election, and Alabama started showing a pattern more typical of North Carolina in recent years than of Alabama in recent years. Jones did well in the more educated, suburban areas even among white people. That is an ill portent for the GOP in such states as Arizona, Georgia, and Texas. With an Obama-like candidate in ideology and temperament, Democrats can finish the job of winning over educated suburbanites in the Deep South, the Mountain South, and the Southwest and win a landslide for President -- and turn some Senate and House seats from R to D.

Donald Trump is indeed uniting America -- in contempt for him. The tax 'reform' (actually a giveaway to the super-rich, with at most transitory benefits to the middle class) will be seen for what it is.

Herbert Hoover had his faults, but it took an economic meltdown to make Americans turn away from him and the Republican ethos of social darwinism of the Gilded Age (the 1920s were the last hurrah of the ethos of the Gilded Age). But Hoover at least had a sane foreign policy and didn't foster bigotry. Donald Trump has shown what a deplorable person he is.