Avorysuds
Gold Member
- Jul 4, 2010
- 13,834
- 1,660
The economy is rigged by so many conflicting interests that no economic theory applies. We need to kick the economic theory to the curb and come to terms with how we deal with a plutocracy. Do we just accept it as the American way or do we risk their wrath to regain some of the democracy we have lost?Whatever, if you still believe in trickle down economics at this late date then you can't be that smart.Your vote for the plutocracy and their very expensive form of socialism and immunity from prosecution is entirely unsurprising.Just FYI our economy does not suffer from deregulation or trickle down... To suggest such is pure ignorance of economics. Simply put, to claim that one of the most regulated markets in the world is hurting from deregulation disqualifys you from any economic debate.
However, feel free to take that position.
I have no idea what yer talking about, I have never voted Democrat..... Or Republican for that matter, I'm not a peeon sucker.
I don't subscribe to any of that. I believe in the concepts presented by Austrian economics as it's the most accurate and oddly the most simple economic idea to date. "Trickle down" is the idea that less taxes will spur more business, more profits and thus more good jobs... The issue is when you have overwhelming Government, a central bank and stimulus it's impossible to claim we have some "free market low tax system."
I don't believe in voodoo economics, many liberals do, many conservatives do... Bush did and so did Obama, hence the weak economy that without .02 interest rates and continus spending on welfare we would be in a depression (correction).
Incorrect, Austrian economics is always working as it considers whatever economic condition applied to a society. Austrian economics is not a voodoo system of number shuffling, it's an understanding and application of human nature in the market place.
For instance, Keynesian economics extracts human greed from the equation and in so works on paper but fails in ever single real life scenario. Strangely enough Keynesian economics fails in a rather easily predictable way if Austrian economics is used to figure the shortcomings. The predictable problem with Keyns is that you spend in hard times to stimulate but then save in good times... Saving would require cuts in programs started in the hard times, cuts in welfare crated in the hard time... Greed of those gaining from the programs will never allow cuts and politicians don't want to lose that voter base by pissing them off.
The answers to "fixing" America's economic and political problems are actually astonishingly easy, but it has been said once the voters find out they can vote themselves money (welfare) the republic is dead. Bernie Sanders is a great example of how far the country has fallen.
I would hope that people would self educate on economics as it's pretty simple. I Own a gym and also have a complete gym in my home, when I work out I dominantly watch economic philosophy and social structure videos and speakers on youtube. I'd suggest if you are curious in answers to not frequent these boards in hopes of learning much of anything other than how stupid our populace is.
If you are curious just search Austrian economics and watch some videos, spend some quality time listening and see if you at some point can apply this thought to real life situations. When you have done this it will feel something like learning to read or understanding math... You just can't go back to primitive thinking.