Wheels within wheels.

[Eric the Green]

(08-26-2018, 10:07 AM)David Horn Wrote:

(08-25-2018, 04:08 AM)Galen Wrote: At every turn you demonstrate your utter lack of knowledge in economics.  Commodity money does not have to outpace population growth.  What you will get as productivity increases will be a 1% to 2% price deflation every year which is what happened in the US through the late nineteenth and into the early twentieth century.  Think for a moment even if wages remained static then purchasing power of money would increase.  Instead of the poor losing ground every year they would be coming out ahead just by saving with out any risk at all.

Did it ever occur to that having the Fed creating money that is then handed to already wealthy politically connected interests is contributing to [url="https://www.clevelandfed.org/newsroom-and-events/publications/economic-commentary/2017-economic-commentaries/ec-201701-monetary-policy-and-inequality.aspx]wealth inequality[/url] you libtards keep whining about.  Even the idiots at the Fed are starting to figure this one out.

You are so stupid that someone has to remind you to keep breathing.

Oh sure!  Why didn't I think of that.  The poor can just save their money … that extra money they never have, living paycheck to paycheck, while the rich just spend all theirs and not save even more than they already do.  Is this a serious comment?  Even more to the point, at what point in history has this ever happened?  Serious: no (I hope).  When: never!

Sometimes I have to wonder just how capable you libertarians are for self-delusion.  It appears boundless.

Boundless, and boundlessly stubborn.

It's true that the Fed was handing out money to the wealthy banks during the Great Recession (QE-3), since that was the only stimulus available after the Tea Party takeover. But it is just another form of trickle-down economics. It probably worked better than giving it to "job creaters," but who knows for sure. Gradually the Obama stimulus and the Fed stimulus did create a recovery, but the middle class and poor have not benefitted very much, because the stimulus was cut short and cut back so much after the Tea Party.

Some Greens like me could find some common ground with some libertarians like Galen, but not with Galen himself; not so much because of his ideology, as much as that he is just an ass. That can't be helped, I guess. I accept revisionist Marxism (democratic socialism, etc.) as the necessary second stage in the world revolution, of which Galen's favorite stage is just the first one, to which libertarians cling as tightly as they can. It is necessary to equalize the power and wealth of the people as against the powerful oligarchs who are the real elite today, and who benefit from libertarian free market ideology which liberates them from needed regulations and taxes on them.

But the third stage in the world revolution is green. This implies going beyond the central planning and big depersonalizing institutions of the socialist stage toward more community-based economics, coops, and worker-owned businesses of smaller scale, and reduction in the size of government too when it's less needed to restrain the big bosses and corporations--- which are just as collectivist (without the ideals of equity) as the socialists and communists are. Unlike Libertarians though, Greens are still bleeding heart liberals like me who also want a social welfare protection system, as long as bosses are greedy hogs and cutthroats, and since machines are making work obsolete. And greens are anti-militarist too, of course, like libertarians. But this also means greens have a "globalist" side, in that the world peace we hope for depends on less loyalty to nation states, and on some working global institutions like the UN, which conspiracy theorists of libertarian and nationalist stripes fear and loathe. But real problems like pollution and climate change, with which greens are primarily concerned, transcend the borders that humans put up to divide ourselves from one another. So global solutions are needed, not imposed from above so much as worked out together.