Been there, done that.
Some are more equal than others...
- Thread starter Padawanbater2
- Start date
The central bank has used Keynesian economics since the 40's. Its not like we aren't using it today, WTF do you think QE 1, QE2, QE3 , Operation twist and QE 4 are?? Reganomics? LOL.
Dr Kynes
Well-Known Member
nope, it's all still reagan's fault.
it's all still boo00o00o00sh's fault too.
Toby has perfected his Texas Sharpshooter technique to the point where he can point out how every economic downturn in history can be laid squarely at the feet of whatever republican he is targeting tonight.
the great depression? not caused by (as Nobel Prize Winning PHD Milton Freidman Asserts) the federal reserve, currency manipulation and amateurish attempts to rig the free market and turn it into a giant govt controlled casino, but rather, it was caused by Ronald Reagan and his time travelling economic hit squad of racist bigoted homophobes...
pictured here, plotting to make Toby work for minimum wage and live with his mother, and keep him out of the armed services despite his 91 score on the asvab...
Padawanbater2
Well-Known Member
Dr Kynes
Well-Known Member
looks like a score of 91 to me.
Does it suck being wrong all the time?
how does it feel being wrong in all your attempts to say i'm wrong?
you cant even wrap your head around your own shit.
Padawanbater2
Well-Known Member
You brushed it off like I was making it up to make myself sound intelligent
Or did you think nobody would notice that?
Also, still don't live with my mom, and you still don't understand economics
Dr Kynes
Well-Known Member
so wait, i wasnt wrong, but you implied i was wrong, and smugly declared victory, but now imply that it was some hidden subtext that was wrong...
Padawanbater2
Well-Known Member
Reagan took office in '81, about the same time your hair started turning gray, both supreme court decisions took place in the 70's, so how am I blaming Reagan?
Do you think trickle down economics works?
Do you think trickle down economics works?
Padawanbater2
Well-Known Member
You were wrong, you thought I bluffing
Dr Kynes
Well-Known Member
if you arent blaming reagan, then why do you keep bringin him up?
and yes, Supply Side Economics works.
"keynesian multipliers" dont work, and if you think they do then you too are an idot.
Dr Kynes
Well-Known Member
how can i be wrong on an assertion i never made?
clownshoes are not part of your field hand uniform Toby.
that cotton aint gonna pick itself
Padawanbater2
Well-Known Member
I place blame on the cases I referenced earlier in the thread, and you still haven't explained the dramatic increase in the 1980's
When you let wealthy people buy politicians you get increased economic inequality and results like 90%+ approval ratings dropping to 58% in 6 months
Trickle down is a failed economic policy, go listen to the TED talk by Nick Hanauer
Dr Kynes
Well-Known Member
as previously stated "Ted Talks" arent proof of anything.
david icke makes a lotta videos of his crazy theories too.
does that mean 7 foot lizard aliens are running the world?
Padawanbater2
Well-Known Member
I didn't say it was proof. He's a billionaire, he explains why it doesn't work, because oligarchs don't spend money on things they don't need/want like trickle down assumes. They keep it out of the economy, which is why Pickettys suggested solutions would work
MuyLocoNC
Well-Known Member
Why would he think you're bluffing? I scored 93 in 1986 and I was embarrassed that I got beat by my best friend at 94. If there has ever been an easier test administered to me, I don't remember it.
I've been out for a couple decades, what form did you photograph? I think I still have all my shit in a folder in the attic. Just in case someone bleats "citation".
P.S. I knew I was smarter than you.
Dr Kynes
Well-Known Member
it DOES work because billionaires INVEST their money, and investment is how non-billionaires get the capital to start their own businesses, which hire other non-billionaires to produce goods and perform services.
clearly you dont know how economics works.
of course under keynesian economic schemes, billionaires have to hde their assets to avoid the usury taxation, hence frenchy's proposed GLOBAL WEALTH TAX
thats right, you thought i forgot about frenchy proposing a GLOBAL tax on standing wealth.
or maybe you didnt understands what frenchy was talking about.
if i put 2 mill in a bank, the bank lends that money to others for interest, and those borrowers use that money to buy shit like a house or car (which results in more houses and cars being built) or start a business which employs people.
currently i would be taxed on my interest from the 2 million, but not on the 2 million itself, cuz it isnt "income" or "capital gains"
frenchy wants to tax me on my 2 mill in the bank, so every year it gets smaller and smaller, thus i could not put my money in a bank, making it availablke to lenders, i would instead have to stash it in some fungible form (cash, gold, diamonds, etc) and bury it in my yard.
likewise, if i built a factory, hired workers and produced widgets, i would not be taxed on my capital, the factory, or my savings, but only on my PROFITS, which is the net increase in my funds after ALL expenses, including taxation.
frenchy's plan would require me to pay the govt every year a % of the value of my factory, my savings, my house, my car, and in fact every asset i owned, thus eventually my assets would become the Govt's assets since nobody can make a 40% return on everything they own year after year.
frenchy doesnt understand how economics works either, since basically robbing people with capital doesnt encourage investment or economic growth, it only promotes consumption (spend it all before the tax man takes it) or money concealment schemes.
SmokeyDan
Well-Known Member
Have you ever met someone who had so much raw intelligence they were somewhere between crazy and stupid?
I've met a few.
There are some people who are so smart they are effectively retarded.
Krugman might be this way. He could balance a check book, but he has such horsepower in his skill that he gets lost in theory, so advanced it is asinine.
SmokeyDan
Well-Known Member
Remember when these people made fun of W.Bush after the 9/11 down turn when he told American people to go shopping?
Now turns out that the magic bullet is aggregate demand, which is created by people shopping.
SmokeyDan
Well-Known Member
You are a real simpleton, aren't you?i did, but none of what you said was in there.
please point me to a timestamp.
ok, let's look it up then and see if you are remembering things correctly.
https://www.rollitup.org/t/satellite-data-proves-earth-has-not-been-warming-the-past-18-years-its-stable.828377/page-77#post-10585343
well whadya know? you are remembering it exactly backwards.
you claimed that NO ONE in california gets BLS price on anything.
then i pointed out that safeway vallejo sells them for $1.88 a dozen, less than the BLS of $2.112 a dozen.
then you said PROVE IT!
and then i did. hence why i have a screenshot of safeway eggs in my photobucket, you fucking dolt.
do you lie on purpose, or are you really this stupid?
It is widely known that California has higher than average prices, many of the nation's most expensive cities to live in are in California.
So you found one product, at one point in time that was below the national average.
And you think this proves anything?
SmokeyDan
Well-Known Member
So now you acknowledge that this biography, which claimed Kenyan birth, does indeed exist.
at least you're making progress.
Tell me, do you think a person writes a biography about someone without a thorough interview, and includes random facts that are just made up?