You're seeing the truth, but I don't think you understand why it's happening.
thats funny, because thats my same opinion of you.
youre assuming a positive intent on the part of leadership.
while i am assuming a malicious intent at worst, and an irresponsible and unjust intent at best.
i think youre being naive by assuming these people are getting the economic policies wrong.
im sure you already know this, but for thousands of years countries have built their economies on the strong foundation of manufacturing products, and tight control over the money supply. and right now we are failing miserably at both. any so-called economist worth anything knows these are two of the most important aspects of creating a sustainable, balanced economy. but youre telling me shalom doesnt know this? youre telling me the people in government dont know this?
of course they do.
but my question is, if you know theyre doing things wrong, and i know theyre doing things wrong, and thousands of other people around the world all recognize our leadership is mismanaging monetary and fiscal policy, then why cant the govt and federal reserve see it?
just because theyre playing stupid doesnt mean you should believe it.
It depends. you probably noticed the banks were lending like crazy during the housing boom.
friend, the banks were lending like crazy during the housing boom because, as we found out, it was part of a hundred trillion dollar hustle transfer of wealth from the bottom up. a full financial exploitation train getting ran on the american people by the banks and the govt.
lol why would you ever cite the housing boom as an example of when lending by the government, and thus the banks, led to something positive for the people? we caught the royal fukk in that scenario.
and the irresponsible banks should have caught the royal fukk too, but lucky for them the govt and fed were there to regulate on their behalf, so they proceeded to pass that buck right onto the american taxpayer.
cmon sun... think.
You're definitely touching on to what is happening currently though. I don't think the FED is right in what they are doing, but THEY believe they are doing the right thing. Either they are right or wrong, and that's all when can say about it.
yea if by right thing you mean right thing for banks, big business, and the wealthy.
Yup an astute observation. I believe things are seriously bad right now fundamentally. you'll have a tough time arguing that point on this forum though.
thats cause people havent felt the heat yet, but they will.
I wouldn't put that much faith into the government. If the government or any government had the power to fix all these problems, then communism would be the perfect form of government. In reality, They don't have a magic box. Actually, right now they are doing everything they believe will work (well the FED does), and you see the results. China doesn't have the restrictions of a blocked congress, and they are implementing every economic tool that Democrats wish they had here. The results in China haven't been that good. In fact, I think they are going to suffer a big downturn soon.
in this day and age the only thing more powerful than the govt is the military. and if youre a govt that controls your military then best believe you are calling the shots. and the american govt still controls the military, they're just
lending the army to the corporations right now.
and we work for china lol... we are one of their most loyal customers, so how can you say their economic policies havent been effective?
the bottom line is, right now the united states government either lacks morals or balls, or both.
it's a corporations job to be greedy, it's a private bank's job to be greedy, and its the fukking governments job to regulate that shyt and do whats best for the entire american citizenry. and they're not doing that.
in fact they're doing the opposite and
regulating in favor of big business and banking.
You're right. these equations do only work in a vacuum
(they give good insight though). You don't really need to convince me of that. You need to convince VictorVonDoom. Not to start anything with him, but he really is the best representative of the establishment on this site.
vic wont see this scenario until its right on top of him, until then
that is exactly who they work for. you need to start rolling back your faith in humanity. Human nature is why the regulators work for the regulated. That's not something that is going to ever change.
how are you telling me to roll back my faith in humanity, but yet you maintain your faith in the positive intent of a bunch of private bankers and elitist economic policy makers?
Don't be. That's what is happening, and that is what is GOING to happen with continued actions by the FED.
Eventually we are going to fall into stagflation, and be faced with rising prices, no jobs, and Higher taxes.
yea but its going to occur on a sliding scale, and we can lessen the negative impact of the economic downturn by taking precautions now.
Calm down.. From listening to the Podcast. I can tell leyet is someone who want's answers and really wants the world to be better. He's not concerned with the Crips and Bloods gang political arguing that happens online.
You (Leyet) just need to read the right material and stay away from the Internet conspiracy gurus. In fact, don't read anything on the internet.
Go take classes in economics, politics and embrace them with an open mind. Give everything a chance to get inside your head (legitimate and academically accepted knowledge). , and sit on it for while. Then come up with your own ideas.
your entire post consists mostly of you agreeing with me, we just disagree over intent... so what exactly am i missing?
and im being honest... you seem reasonable and logical when it comes to economics so ill listen to your opinion, what exactly do you think im missing?
because to me its folks like you and vic who are missing the bigger picture.
the knowledge on how to run a successful economy has been around for literally thousands of years.
no govt interested in its own success would ALLOW jobs to be shipped overseas. thats completely insane.
we are in a debt crisis.... we are in an poverty crisis... we are in an unemployment crisis, and we are allowing jobs to be shipped overseas? thats idiocy. do you know how much money we're losing in this equation? the most valuable parts of our economy process are happening outside the country, thus creating that wealth outside the country... thats a huge problem.
no country invested in its own success would allow jobs to be shipped outside the country. countries go to war over trade policies, and we're just giving away the golden eggs (jobs) to the lowest bidder? naw, that doesnt make sense. which is what leads me to believe it's purposeful.
so my point is, most of your economic analysis is for naught in this current political/economic climate because policymakers and regulators are not playing by the rules. and math equations, and thus your economic equations are based on rules. but those rules are not a reality right now. so your theories do not translate to practical application right now.
so basically im saying your analysis of the entire problem becomes moot once you begin from a false paradigm. once you assume positive intent on the part of our leadership you immediately begin problem solving in the wrong context, which will automatically limit the effectiveness for any solution you come up with.
but you know what, for arguments sake lets say im wrong. lets say they have positive intent but they genuinely dont know how to set economic policy to be successful-then that would make them incompetent. certainly too incompetent to run an economy.
youre running our national economy and you dont know you should do everything in your power to keep jobs inside the country? thats economics 101.
so either they are incompetent or malicious take your pick, but either way they need to be removed from leadership.
Since when? I know I've seen you call yourself an Austrian on the old site.
I understood Austrian economics to be at odds with even the concept of a liquidity trap altogether, and argue that lack of investment when interest rates are low, due to time preference and what they call "malinvestment," as opposed to lack of liquidity.
