US government has never lived within its means, since the first administration when Alexander Hamilton's doctrine of assumption allowed the federal government to assume the states' war debts.
The facts of history are plain: deficits don't matter. Debt is a distraction. Reagan proved it.
If 'the anti-illegal-immigration feeling on the right is far stronger than the GOP seems to realize", why did Graham win easily in South Carolina, despite authoring the immigration reform bill?
What's the crisis? Stock market at record highs? Banks and corporations sitting on trillions? Investors lining up to buy US govt debt?
The only "crisis" is in your mind. There's plenty of money to pursue the fiscal policy we should be doing instead of spreading fear, uncertainty and doubt about debt.
The Fed's QE proves that stimulus works. Now do it for individuals instead of for corporations.
The free market in the United States has always used the state. Banks profited from the Louisiana purchase, state troops put down strikes. The government gave away land that belonged to the Indians. During slavery, "free market" entrepreneurs stole the right of each man to his labor, and used to law to get them back if they escaped, A free market cannot exist without the state to help it survive.
The immigration argument is based on ignorance and hypocrisy. On the one hand, libertarians are for free trade. But when someone wants to trade his labor without reuglations, they're all for creating barriers.
Sure. So it is up to us to make that very explicit. Money is created out of thin air all the time. Why should private bankers have an exclusive right to do it? The constitution gives government the right as well. We should use it.
There is plenty of money. The shadow banking system creates hundreds of trillions of dollars out of thin air, with no hyperinflationary consequences. The key is the advance of knowledge and technology, because knowledge allows us to predict and adapt to sudden catastrophic change, and technology improves our standard of living.
"Our society cannot survive open borders." The Romans thought the same: "Germanic tribes, under pressure from eastern threats and hunger at first asked and once refused eventually forced their way into Roman territory." http://www.mariamilani.com/anc...
I was at the Arizona border recently. What I saw going on was hundreds of Border Patrol trucks driving like maniacs everywhere, and Border Checkpoints stopping all cars every few miles. I was camping and a Border Patrol truck harassed me. I asked the guys if I was in any danger from illegals, he said no, they won't bother you, the only people that will bother you is Border Patrol.
In conclusion, the border is a made-up problem. The fence in Nogales, AZ is an example. The city used to be one, spreading across the border. Now there's a big ugly fence splitting it down the middle, and a lot of bureaucracy to get across and back. Why are we dividing people? Why are we scaring people about their neighbors, making things much worse than they need be?
Spending isn't bloated. The idea that "there's no money left" or "government can only spend what it takes in" gives up all power of money creation to the private sector. But the Constitution gives government the power to coin money and to borrow. Why should needless suffering be imposed upon millions because of an ideology that has no basis in economics or law?
Engineers want to try it because it's a cool idea. Biz, focused on profit, doesn't. This is why AT&T rejected Kleinrock and others who came to them with ideas of the internet, The market delayed implementation out of short-sighted, blinkered concentration on profit as opposed to the General Welfare.
Minsky's problem is that he just writes, doesn't program his ideas, which are a pretty good start: i.e., a society of minds or independent programs with different domains. The programs should communicate with each other and with the user through natural language, instead of arbitrary programmer-defined protocols.
Biz saw no need for computers at first. Market of six, etc. Govt drove the industry with orders during the 50s and 60s. NASA was like 4% of GDP and represented a big part of the orders. Conservative short-sighted biz would have been content to wait for centuries before responding to a pure market signal for miniturization. So yes, NASA played a large role.
Except gravity at the scale of galaxies doesn't behave like gravity we see around us in the solar system. Hence we invent a new unobserved substance, Dark Matter, to model it. For now...
Slashdot Mirror
US government has never lived within its means, since the first administration when Alexander Hamilton's doctrine of assumption allowed the federal government to assume the states' war debts.
The facts of history are plain: deficits don't matter. Debt is a distraction. Reagan proved it.
If 'the anti-illegal-immigration feeling on the right is far stronger than the GOP seems to realize", why did Graham win easily in South Carolina, despite authoring the immigration reform bill?
What's the crisis? Stock market at record highs? Banks and corporations sitting on trillions? Investors lining up to buy US govt debt?
The only "crisis" is in your mind. There's plenty of money to pursue the fiscal policy we should be doing instead of spreading fear, uncertainty and doubt about debt.
The Fed's QE proves that stimulus works. Now do it for individuals instead of for corporations.
The free market in the United States has always used the state. Banks profited from the Louisiana purchase, state troops put down strikes. The government gave away land that belonged to the Indians. During slavery, "free market" entrepreneurs stole the right of each man to his labor, and used to law to get them back if they escaped, A free market cannot exist without the state to help it survive.
The immigration argument is based on ignorance and hypocrisy. On the one hand, libertarians are for free trade. But when someone wants to trade his labor without reuglations, they're all for creating barriers.
Risk-free assets with future profits booked today so that bonuses can be paid is using something less substantial than leaves as currency.
Sure. So it is up to us to make that very explicit. Money is created out of thin air all the time. Why should private bankers have an exclusive right to do it? The constitution gives government the right as well. We should use it.
There is plenty of money. The shadow banking system creates hundreds of trillions of dollars out of thin air, with no hyperinflationary consequences. The key is the advance of knowledge and technology, because knowledge allows us to predict and adapt to sudden catastrophic change, and technology improves our standard of living.
Use created money to provide people with a basic income, and promote the realization of the genius of every individual with challenges to stimulate creativity.
Something there is that doesn't love a wall.
http://www.bartleby.com/104/64...
"Our society cannot survive open borders." The Romans thought the same: "Germanic tribes, under pressure from eastern threats and hunger at first asked and once refused eventually forced their way into Roman territory." http://www.mariamilani.com/anc...
Dewey defeats Truman?
I was at the Arizona border recently. What I saw going on was hundreds of Border Patrol trucks driving like maniacs everywhere, and Border Checkpoints stopping all cars every few miles. I was camping and a Border Patrol truck harassed me. I asked the guys if I was in any danger from illegals, he said no, they won't bother you, the only people that will bother you is Border Patrol.
In conclusion, the border is a made-up problem. The fence in Nogales, AZ is an example. The city used to be one, spreading across the border. Now there's a big ugly fence splitting it down the middle, and a lot of bureaucracy to get across and back. Why are we dividing people? Why are we scaring people about their neighbors, making things much worse than they need be?
Spending isn't bloated. The idea that "there's no money left" or "government can only spend what it takes in" gives up all power of money creation to the private sector. But the Constitution gives government the power to coin money and to borrow. Why should needless suffering be imposed upon millions because of an ideology that has no basis in economics or law?
So Gingrich is wrong when he asserts that patents fuel innovation, in drugs for example.
He gave all the information he had away. What else does he have, expired passwords?
Engineers want to try it because it's a cool idea. Biz, focused on profit, doesn't. This is why AT&T rejected Kleinrock and others who came to them with ideas of the internet, The market delayed implementation out of short-sighted, blinkered concentration on profit as opposed to the General Welfare.
With troll food articles like this!
Money is kept artificially scarce. Shadow banks create hundreds of trillions of dollars.
But the real solution is online education.
Air is just air, right, CO2 in classrooms is just as good as fresh air.
IBM happily took orders from the Nazi govt.
Minsky's problem is that he just writes, doesn't program his ideas, which are a pretty good start: i.e., a society of minds or independent programs with different domains. The programs should communicate with each other and with the user through natural language, instead of arbitrary programmer-defined protocols.
Biz saw no need for computers at first. Market of six, etc. Govt drove the industry with orders during the 50s and 60s. NASA was like 4% of GDP and represented a big part of the orders. Conservative short-sighted biz would have been content to wait for centuries before responding to a pure market signal for miniturization. So yes, NASA played a large role.
Mendel proved his, but the entrenched scientific community ignored him.
Except gravity at the scale of galaxies doesn't behave like gravity we see around us in the solar system. Hence we invent a new unobserved substance, Dark Matter, to model it. For now...
Who's paying you? Amazon, to astroturf? Or is your post just bad quality by your own logic.