Dusty Bake Activate
Fukk your corny debates
1) so you think our economy is fukked up because of ignorance on the part of the government? no. you even said yourself this is a widely coordinated effort amongst many agencies to polarize the wealth in this country... so exactly what part is conspiracy and what part is theory?![]()
I think that the prominence of supply-side and neoliberal economic ideas and how they've managed to gain acceptance in government as well as the resulting corporate control of the political and legal system are largely responsible for the increasing wealth gap. It's flawed economic theory that got en vogue combined with corporate greed imo. And I think the fed plays a role in this as well through the creation of bubbles and their incestuous relationship with the big banks. And there's a lot I don't understand. That doesn't mean I have to create boogeymen to explain what I haven't yet learned.
Do I think that the federal reserve can manipulate the economy to do whatever they want and that they are malicious actively trying to destroy the economy? fukk no, and no serious economist in the world thinks so either.
But how do you accomplish this? What are your proposals and solutions to getting back to being a producing manufacturing economy as opposed to one that relies heavily on service, consumption, and debt?2) i said repeatedly the answer is to get back into manufacturing, producing goods and services. next time listen![]()
And the initial question once again, is what changes would you make to the MONETARY system? If you were running the central bank, or even if you wanted to abolish central banking and propose a different means on monetizing the economy, what would you do different than what the fed is doing now? You seem to not be able to answer that question.
3) i did not, in any way, shape, or form, imply or say anything about not understanding economics. again, stop making shyt up![]()
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Higher Learning Podcast Episode 1 - The Coli
1:07:55 HHL4E: "Is there any economist beside yourself you would listen to?"
Leyet: "I'm not an economist, I'm not familiar with mainstream economics."
You don't understand economics, bruh. You just read some shyt about the fed from some biased sources but you haven't grounded yourself in the fundamentals, so you have a very limited scope on the broad topic of economics. It's pretty clear even without you saying that.
We're all trying to learn. If you're really truly trying to learn instead of just hearing yourself talk, you could be a bit more humble and less defensive. That stuff you were saying about economics is a science and the fed can make the economy do whatever they want it to do is nonsense. Economics doesn't work that way. Economics is a soft science, it's not physics. You can't do controlled experiments in economics that will inevitable lead to the same outcome, as you can do in biology, chemistry, or physics. There are competing economic theories that mountains of material has been published on, and are debated on in academia on a daily basis dating back centuries.. There is not only one economic theory.
Point 'em out then. Let's hear this list of distinguished academics with educations in economics who buy into your idea that the fed can literally control the economy and create whatever outcome they want and they're purposely trying to destroy it.4) there are several egg head muthafukkas who think the fed conspiracy is bullshyt and there are several egg head muthafukkas who dont think the fed conspiracy is bullshyt, now why is that?