well according to us history there has only been 1 depression but some very bad recessionsits impossible to stop recessions
there isnt a depression every decade
Return of the Chicago Plan
- Thread starter Dusty Bake Activate
- Start date
Futuristic Eskimo
All Star
Things are cyclical. You cant prevent every problem. You know exactly what I meant.
Domingo Halliburton
Handmade in USA
its not a depression but the stock market sells off like 40-50% like every 7 years or so
Domingo Halliburton
Handmade in USA
youre going to have booms and busts with capitalism but you need the government and the fed to smooth it out
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Broke Wave
The GOAT
well according to us history there has only been 1 depression but some very bad recessions
My friend Domingo said what I wanted to say. The rules by all accounts were working fine. They only removed the rules to try and spur growth which to be fair did happen... other things also happened.
you have growth with no rules and potential devastation
or very small growth with a shyt load of rules
damned if you do, damned if you dont
Broke Wave
The GOAT
The growth with the rules was growth in the middle class.
The growth without the rules was in corporate profits.
It's whatever kind of world we want to build, friend
The growth with the rules was growth in the middle class.
The growth without the rules was in corporate profits.
It's whatever kind of world we want to build, friend
I argue that its not the presence or absence of the rules but the control of the rules that is the issue. Record profits are being raked in now under a sea of rules.
Sidenote: looking at this and other economic issues as a "class" issue or using the class system to asses the climate is ill advised.
Sound slike more of a convenience than a "need"...
Could you elaborate on the necessity of it?
Its been clearly established that tax payers will be on the hook should things hit the fan, so the cost/ benefit ratio really needs to be looked at.
Broke Wave
The GOAT
I'm not talking about quantity or volume, I'm talking about specific rules. It doesn't matter if there are a sea of rules if they are all wrong.
I argue that its not the presence or absence of the rules but the control of the rules that is the issue. Record profits are being raked in now under a sea of rules.
Sidenote: looking at this and other economic issues as a "class" issue or using the class system to asses the climate is ill advised.
Sound slike more of a convenience than a "need"...
Could you elaborate on the necessity of it?
As far as not using class as a framer for economic issues... I didn't even do that this time at all. I just stated facts. Furthermore, you can put your head in the sand if you want and ignore the reality of class but guess what, just because we don't mention it doesn't mean it doesn't exist.
Domingo Halliburton
Handmade in USA
Sound slike more of a convenience than a "need"...
Could you elaborate on the necessity of it?
I see what you're saying...but it's created the biggest economy in the world.
would you rather live somewhere else?
Its not the rules or good/bad, or effective/ineffective. Its that they are being written by the people they affect... and these people will always leave themselves loopholes, and/or just wait til the climate changes and completely repeal the regulation(dodd).
This is why "radically altering" the system is being thrown around.
Let me put it a different way... You cant f*ck rich people. You cant. They are in complete control. You can't regulate them into submission, you cant tax them into submission etc. Sooner or later this reality will have to sink in.
What we should be looking to do IMHO is increase accountability, and fix competition, specifically by not protecting and bailing out those who are f*cking us.
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Domingo Halliburton
Handmade in USA
I agree 100% the rules are just set up for the banks/corporations/ whoever is owed money to win
Oh god no, but it seems like there is no give with the lack of transparency. An audit of the Fed would do wonders for this nation IMO... but it doesnt seem like the left or the right are interested in knowing whats really going on.
Domingo Halliburton
Handmade in USA
Oh god no, but it seems like there is no give with the lack of transparency. An audit of the Fed would do wonders for this nation IMO... but it doesnt seem like the left or the right are interested in knowing whats really going on.
This is why I don't get the libertarian hate on the Fed....you hate everything the government does but yet you hate an institution that is separate from the Government and you want them to regulate everything about it.
it's not a conspiracy theory.....they're not evil....interest rates are zero because they're trying to help the average consumer out.
i work in banking....i swear on my life the majority of them are trying to help people.....I know you read about this bullshyt on wall street but most of them are trying to get you that auto loan or mortgage.