patrick.net

tatupu70 says

You have absolutely NO clue what Keynesian economics is.

It believes all can be handled by fiscal controls.

indigenous says

tatupu70 says

You have absolutely NO clue what Keynesian economics is.

It believes all can be handled by fiscal controls.

Ignorance pithily expressed. At least you're not wasting our time.

Mine too, and they worked for their money, but it was still money issued by the government.

indigenous says

It believes all can be handled by fiscal controls.

My guess is that you can't even tell me what fiscal controls are--but regardless, that's incorrect. Try doing some research that doesn't involve youtube videos or mises.org.

indigenous says

tatupu70 says

War is the definition of Keynesian economics

I did not say that

OK, do you disagree that warfare spending, in this instance, would be considered Keynesian?

indigenous says

tatupu70 says

you say it ended the Depression

No it masked it

OK--if the war only masked the Depression, and FDR's policies made it worse, what ended the Depression??

tatupu70 says

what ended the Depression??

A neutering of FDR's policies.

indigenous says

tatupu70 says

what ended the Depression??

A neutering of FDR's policies.

GDP was back to pre-1929 levels by 1937.

indigenous says

bob2356 says

But you said that 400,000 people died to lower the unemployment numbers.

You see where I said the:

bob2356 says

and the war machine

You are the one who has selective hearing malfunction.

indigenous says

He did it by getting into a war and reducing unemployment by getting 400,000 Americans killed. Which is tantamount to reducing unemployment by executing the unemployed.

So you didn't say 400,000 people died to lower the unemployment numbers, I see. Very interesting. So exactly what does this say then? I don't see the words "and the war machine" in your original quote. From the top now 5,6 7,8 dance step, step, step turn.

I only read the words you write, I just don't have the ability to know what you intended to write.

You do realize your original quote was "fdr fucked up the economy for 10 years". The US involvement in WWII didn't start in that time frame. 5,6,7,8 step, step, turn.

indigenous says

No dumb ass, the war machine was going by then and conscription had started in 1940.

Here you go dumbass

HydroCabron says

GDP was back to pre-1929 levels by 1937.

Excellent 8 yr later

Why do you suppose it took so long to recover, the longest in history?

Same as you mutts blaming Bush, not that he was a conservative.

The intial cause was monetary.

And your stating that it was world wide is not an answer, but you're too stupid to realize that.

So you are quitting, fair enough.

But you have not answered the question.

indigenous says

But you have not answered the question

Nope--he answered it. You may not agree or even understand, but he definitely answered it.

indigenous says

Is not.

Wow.

Uhh, "Is too?"

indigenous says

Excellent 8 yr later

I was thinking of pointing out the month and year of Franklin Roosevelt's inauguration, but why bother?

We're being hornswoggled. At this point, given what we know of your "intellect", discussing anything with you is like addressing a cinder block wall.

You mutts are all conjecture all the time.

You completely ignore how heinous FDR was.

IOW you mainline the Kool-aid.

indigenous says

You mutts are all conjecture all the time.

You completely ignore how heinous FDR was.

IOW you mainline the Kool-aid.

Wow, mutts and kool-aid all in one post. The sign of an intellectual giant. This comment means that indigenous has now won the debate and kept his record perfect for people who weren't aware of the overarching implications of mutts and kool-aid.

bob2356 says

Wow, mutts and kool-aid all in one post. The sign of an intellectual giant. This comment means that indigenous has now won the debate and kept his record perfect for people who weren't aware of the overarching implications of mutts and kool-aid.

IOW bob is out of arguments and is left with only ad hominem, gees I thought you were a little above Woggy, my mistake.

You mutts need to learn a modicum of real economics, not the Keynesian crap.

indigenous says

bob2356 says

Wow, mutts and kool-aid all in one post. The sign of an intellectual giant. This comment means that indigenous has now won the debate and kept his record perfect for people who weren't aware of the overarching implications of mutts and kool-aid.

IOW bob is out of arguments and is left with only ad hominem, gees I thought you were a little above Woggy, my mistake.

You posted fdr was bad because I say so, mutts, and kool aid as your contribution to raising of the intellectual level of the discussion after having had every one of your assertions thoroughly debunked. I only pointed out the incongruity of it. Try again.

I have to say I'm always amazed that you come back time and time again with fdr caused the depression when the depression was 4 years old when he was elected. Are you that completely and totally indoctrinated or can you just not read a calendar?

Let's not forget about the dangerous Blue State model that's also bankrupting Puerto Rico.

anonymous says

The Chamber’s message also indicated the organization opposes the food tax cut.

Dickensian evil.

At least they didn't put emails on a private server

Splain this then:

Why it too so long to get unemployment below 10%. And why it took a war to do it. And why the only reason it stayed down was a neutering of his policies. The best thing FDR did for the US was to die.

Indeed, 1933-2015 is the grimmest period in the history of any nation. When I think of the stagnation - the empty grocery store shelves, the ubiquitous squalor and poverty which blights our land - I break down and cry to my little niece, slumped there on the floor, malnourished, in her ratty burlap gown.

"I'm sorry sweetie - we let you down. We have bequeathed you a legacy of shit."

"No," replies the weak voice, barely audible: "You couldn't do nothin'. It was this man!" And she holds up a worn old dime, pointing at the face: "FDR did this to us!"

I nod and sob some more as her voice trails off into a fit of coughing from tuberculosis-ravaged lungs.

I leave her in the shack, rocking back and forth, saying "FDR... FDR..." over and over again.

That monster. That fucking, miserable shithead of a monster.

anonymous says

The Chamber’s message also indicated the organization opposes the food tax cut.

Kansas currently taxes food at the same rate as all other purchases, but the bill would lower the sales tax on food to 4.96 percent. The drop, however, wouldn’t take place until July 2016, meaning the sales tax rate on food would spike over the next 12 months before falling.

Holy %@&#$!, they tax grocery purchases?!

sbh says

FUCK YEAH! How else do you exact punishment on the poor? They're POOR for fuck's sake, are we just supposed to sit idly by and let them do that to us?

Apparently, the Chamber doesn't include Convenience Stores and Grocery Stores? I can't even...

Seriously, I'd rather be poor in Paraguay. Nobody harasses you if you set up on a vacant lot with walls made of wooden pallet scraps and plastic trash bags for a roof. Nobody gives grandma shit for selling chips and smokes out of her garage to help pay for her family (and not just in the hood, but in ritzy neighborhoods like mine, personally, love the convenience of walking five houses away to when I run out of Kitchen Matches or the Kid's favorite juice boxes). Guy next store has a 15-year old kid and grandma selling BBQ Costilla and Empanadas weekend nights, is paying for his Private School that way.

At the end of the street, is what I call "Versailles" - a huge, must be 20-room mansion with armed guards and built totally out of unbelievably expensive imported stone.

I wonder how many "Free Marketeers" would allow neighbors to run a convenience store out of the McMansion next store. They'd be running, not walking, to the Code Department to complain - Home Values are at stake. Forget it if a neighbor was selling his secret special BBQ Ribs on his front driveway to pay for his kid's college fund. POLICE!!! NOW!!! A FRONTAL, AGGRAVATED ASSAULT ON MY PROPERTY VALUES!!!

thunderlips11 says

I wonder how many "Free Marketeers" would allow neighbors to run a convenience store out of the McMansion next store. They'd be running, not walking, to the Code Department to complain - Home Values are at stake. Forget it if a neighbor was selling his secret special BBQ Ribs on his front driveway to pay for his kid's college fund. POLICE!!! NOW!!! A FRONTAL, AGGRAVATED ASSAULT ON MY PROPERTY VALUES!!!

Careful you are starting sound like a free market guy.

tax cuts on people are like electoral candy

tax raises on people are like electoral hemlock

raise taxes on the Kochs and they just send another billion or whatever to their message machines to oppose you

the 1%'s vote doesn't matter, but their money does

raise taxes on the middle class and they'll vote for someone else next time

Democrats learned this hard way in '94, but those tax rises did give us a pretty good economy in the 1990s eventually.

Before the Bushies took over we were afraid of running out of new treasuries to sell, LOL

debt held by public less Fed / GDP

Bellingham Bill says

Before the Bushies took over we were afraid of running out of new treasuries to sell, LOL

Greenspan famously told Clinton no widespread job training programs and science incubators, because that would create too much debt.

Then he went whole hog printing far more money for the GWOT.

anonymous says

Until the governor understands that, he will have the Republican majority doing the same thing over and over while expecting a different result.

This is not the definition of insanity.

I work with plenty of insane people who know better than to do the same thing over and over while expecting a different result.

Not a complete failure:

http://www.forbes.com/sites/rexsinquefield/2015/04/02/early-results-show-income-tax-cuts-making-kansas-a-more-prosperous-state/

anonymous says

Good comedy is hard to find - thanks for posting that.

You obviously don't read the NYT or any of the many TV stations on the major networks.

http://patrick.net/misc/Warning+For+S.F.+and+Silicon+Valley

Those companies have massively inflated valuations but the real clunkers are all the companies that Patrick has listed on this site that never have and never will make a profit yet employee tens of thousands of people at very high salaries who pay very high rents.

No no, the only states that can afford to be blue states have to make a lot of money in order to afford the parasites.

indigenous says

No no, the only states that can afford to be blue states have to make a lot of money in order to afford the parasites.

DieBankOfAmericaPhukkingDie says

Once the roads are reduced to ruin from earthquakes and unemployment runs to 92 percent

You cannot have true conservatism if smelting of metals is allowed.

We must ride dinosaurs and use only wood and bone implements, as Jesus did.

Allende also came to office during the Nixon Shock, 1973 Stock Market Crash, and was killed right before the oil crisis.

Here's an interesting story about the kind of folks Pinochet worked closely with:

https://theamericanscholar.org/the-torture-colony/#.VYuVeqbhU7A.
http://www.independent.co.uk/news/obituaries/paul-schfer-nazi-colonel-who-established-an-antisemitic-colony-in-chile-after-the-war-1981014.html

Ain't it interesting that Austrian Economists, Actual Nazis, and South American Dictators seem to have a very cooperative history?

Michael Townley is also an interesting person. Nice lifetime on the taxpayer dime under the Witness Protection program, and only 5 years for killing a former diplomat in DC.