Even with your nick, you should be able to actually read the words
The Supreme Court, interpreting the United States Constitution's Commerce Clause under Article 1 Section 8 (which permits the United States Congress "To regulate Commerce with foreign Nations, and among the several States, and with the Indian Tribes;") decided that, because Filburn's wheat growing activities reduced the amount of wheat he would buy for chicken feed on the open market, and because wheat was traded nationally, Filburn's production of more wheat than he was allotted was affecting interstate commerce, and so could be regulated by the federal government.
I don't care about your bets, you can't read the words, it's not my problem. The decision was based on what the farmer was growing and thus NOT BUYING, and your nick is appropriate.
That sound you hear is 310 million pairs of American eyes rolling in your direction. Not selling wheat is not tenably similar to holding your breath. If you can sell that theory to a judge, I'll pay you a thousand dollars.
nonsense.
You consider THAT to be an argument? You busted yourself, fuck off.
You are assuming that it is possible for bank management to do what they did without government backing them with free money and various regulations, that required them to give out much riskier loans than what they normally would give out if they didn't have either government backing in the money or regulations.
All of those huge bonuses, etc., it's all only possible when there is a huge government put on all those terrible risky loans that banks give out and it's prevented from ever happening with real money in the first place.
Of-course breathing air can be construed as commerce.
if growing and NOT SELLING WHEAT can be construed as commerce, then breathing also can be.
Air is used in all major industrial purposes, transportation, etc., internal combustion engines, you name it, and thus it's a resource that can be argued to be part of commerce itself, and in reality it is. It's a subsidy of sorts by the nature, but it doesn't mean it's necessarily free at all, there are costs associated with NOT polluting air as an example, and so if somebody burns wood in their stove OR breathes it, he is using a shared resource that can otherwise be used by some manufacturing process or a shipping company, etc.
You think it's far-fetched? Nothing is far-fetched when government wants to control you, not killing US citizens without a warrant on POTUS's hunch, not frisking you when you decide to take a train at some point (you are already searched before boarding an airplane).
If not participating in a transaction can be argued by government to be part of commerce, then breathing air definitely can.
Now some might say "Just think of what they would have been able to do with even LESS regulations!"
- that's the proper question, but it's incomplete.
Think about what they would be with less GOVERNMENT regulations!
The only real regulations are capital requirements that force banks to be risk averse by default, and no amount of government regulations does that, on the contrary - the Federal reserve of USA states that one of its goals is to ensure that people take MORE RISK than they would otherwise take in the market, which is obviously regulation and it's hurting the economy and it's done with counterfeit money.
So the correct statement is: think how much stronger a position of a bank would be that had REAL regulations, that are not corrupted by political system, but instead are ensured through the market - real money, gold.
The only real regulation in the market is real money. Can't gamble with real money without the government standing there with handouts.
Can't give risky loans, can't NOT have capital. Can't break contracts - otherwise you go to jail, thus can't commit fraud.
Committing fraud is all the 'government' regulation that needs to be enforced through CONTRACT LAW and the rest of the regulations are all market driven - gold as money and no fake credit, no fake mandates from government to give out risky loans. Can't buy worthless government paper either with real money, nobody would support a bank like that in the market. --
But this requires people to understand that inflation is BAD for economy, not good, and people are obviously still not ready for it, even though they've been suffering the consequences of inflation in the world for near half a century (and countries have disintegrated because of counterfeiting of money in last century too, including USSR.)
Growth of economy depends on production, not consumption, of-course some think that 'supply side economics' is wrong, but they are the ones who don't understand that it worked marvellously for those, who actually manufacture the supply, not for those who stopped manufacturing and only consumed based on fake money.
The companies who want inflation in order to sell more of their goods - they have to be honest with their shareholders all of a sudden! It's not that they are gaining more purchasing power by selling more goods at lower valued money - the opposite is true. They are losing their purchasing power while gaining more nominal quantity of currency. So who benefits in that? Definitely not the people of the country and not even the shareholders. Do you know WHO benefits?
The top management, board of directors, simply because they can show nominal growth, which in reality is often a loss of a steady in real terms, but it looks like growth because more is sold in lower priced currency. Well, it's the same thing as selling in unchanged currency but cheaper! But it doesn't look good for their bonuses, and those are the people who go to the government to ensure that policy of inflation stays in effect.
They don't have to do much convincing there either, the government is happy to oblige - they love inflation, they are net borrowers and they want to win more elections, and giving out free money and creating inflation and using the nominal currency to give out more 'free stuff', programs, wars, laws, whatever pork, they get re-elected based on that.
The only real discipline does not come from government, it comes from real regulations - market money.
They've gone off the track because they moved away from the point of that clause completely, and the point was to ensure that States do not engage in anti-competitive behaviour, so for example it is wasteful and corrupt to require that say a medical or a financial professional has to register as such in every State separately, instead of ensuring that registered once in one State, the person can then practice his trade across State borders.
The federal government has failed in this completely, why completely abusing the very point of that power granted to it to mean that it can override any State law with federal law, like in case of marijuana, where California declares it legal for medical use, yet FBI still raids dispensaries.
Wickard v. Filburn, 317 U.S. 111 (1942), was a U.S. Supreme Court decision that recognized the power of the federal government to regulate economic activity. A farmer, Roscoe Filburn, was growing wheat for on-farm consumption. The U.S. government established limits on wheat production based on acreage owned by a farmer, in order to drive up wheat prices during the Great Depression, and Filburn was growing more than the limits permitted. Filburn was ordered to destroy his crops and pay a fine, even though he was producing the excess wheat for his own use and had no intention of selling it.
The Supreme Court, interpreting the United States Constitution's Commerce Clause under Article 1 Section 8 (which permits the United States Congress "To regulate Commerce with foreign Nations, and among the several States, and with the Indian Tribes;") decided that, because Filburn's wheat growing activities reduced the amount of wheat he would buy for chicken feed on the open market, and because wheat was traded nationally, Filburn's production of more wheat than he was allotted was affecting interstate commerce, and so could be regulated by the federal government.
This is precious, why have a Constitution if you can 'interpret' it at all, so in reality nothing that government wants to do can be prevented?
I mean, eventually you BREATH AIR, right? Doesn't air cross State boundaries? That's it - your very existence can be regulated by the federal government completely even if you never leave your particular State.
If you grow your own food in your own garden and you don't even buy anything from anybody - well, by gov't logic (and it's true, it already was argued) you are involved in 'interstate commerce'. Why? Because you aren't buying things from other states, so you are clearly preventing their sales, which means you are interfering with inter-state commerce, which means you are engaged in it.
Hawaii is one state, yet it has 'interstate highways' in it (H-1), but it's one State. So how is that possible? Well the answer is obvious - when federal government wants to build a highway system in order to interfere with States rights logic exits the doors.
Of-course the Keynesian charlatans don't understand at all that inflation created by government counterfeiting of currency just lowers the price of things, so price of labour goes down (and the Fed says - that's how we increase employment) so with lower price for labour more people MAY be hired.
- typing too fast, correction, inflation raises price of things, but it destroys purchasing power.
Inflation destroys purchasing power of individuals, and thus the cost of labour goes down when inflation hits, because employees can buy less with their pay-check.
Whenever a corporation comes to government to have government counterfeit more money and cause inflation in order to "promote more exports", the question everybody should ask themselves is this:
Why are you trying to lower your prices by destroying currency? Just lower your fucking prices yourself and don't destroy the people's money.
Of-course the Keynesian charlatans don't understand at all that inflation created by government counterfeiting of currency just lowers the price of things, so price of labour goes down (and the Fed says - that's how we increase employment) so with lower price for labour more people MAY be hired.
Of-course once the government is so monstrous, that it overwhelms the businesses and people with regulations and taxes, investment capital leaves and nobody WANTS to do business there, in that situation the inflation does not help to increase employment, it only causes prices to go up.
The reason why in USA the prices were not jumping up like crazy due to all of the counterfeiting is that USD was reserve currency, and people across the world were still accepting the USD even while it was losing value - USA's main export is inflation after all.
Japan is not in the same position, it cannot EXPORT inflation, so it keeps inflation at home while exporting cheaper and cheaper goods based on the devalued currency, while pushing nominal prices above where they should be and based on all the productivity of the Japanese, their goods really need to go down in price, and their purchasing power would shoot up dramatically if their government wasn't destroying it with every new printed yen.
Japan needs to stop with the Keynesian nonsense they've been involved with for the past 2 decades, destroying their currency in this currency war, which is won by those, who hurt their own economy the most.
Trade is not about finding a foreign market for the sake of foreign market. Trade is about comparative advantage and about being able to buy something from people you trade with. NOT their worthless currency, but products that you don't make yourself.
Japan needs a lot of raw materials and energy, so they really need to trade with countries at least for those resources, and stronger currency would help Japan immensely, especially now, that they've been hit with too many natural disasters and they need all sorts of materials and energy to rebuild everything.
Japan needs to rebuild their infrastructure in many places, so they need to allow their currency to appreciate, so that more investments would be put into it, so they could buy more, and they need to stop listening the insane Keynesian charlatans, who really caused their economy to stagnate for 20 years. Nobody should be bailed out and nobody should be protected from rising currency with government intervention. Having currency fall looks good on a quarterly statement due to more sales in devalued currency, but it's terrible for the actual citizens and consumers, who have rising prices because the government destroys the money.
Maybe the Japanese should think about kicking their government in the balls for these 20 years and taking away their ability to print money in the first place and do something smart for a change and switch to saving and trading in gold and let the investments come into the country, because that's what would happen.
They would fix the unemployment in a hurry, with more investments coming in and they would be able to fix their infrastructure with strong money and they wouldn't even need to make these cuts in scientific spending.
- or if you are a fascist. Of if you are running a ruse, called a 'Constitutional representative republic', while in reality being a corrupt government with two faces that uses Marxist ideology to sell government spending to the public while simply stealing the money from everybody and sharing it with the most privileged elite closest to the government, and then you really don't want anybody to learn the true nature of things, so you set up an federal government department of "education" and push propaganda through it to ensure that nobody figures out what is really happening.
I take it you grew up in some socialist hell hole so you think education is only meant to brainwash. Pity. You could have been so much more.
- born in the USSR, and I believe education is very important and that what government does is not education but propaganda and both of those views are completely consistent and correct.
The most dangerous tool that a person possesses is found in his head, and the political system understands this really well, that's why it established an agency known as 'department of education'. War is peace, Freedom is slavery, Ignorance is strength.
So i'm not only competing against google, but against people who no longer needs to order a quality work, since now it's there FREE.
- good.
Duh! That's certainly UNFAIR.
- nonsense. It's completely fair and it's good, and it's progress and it's what free market is about, and government meddling with it is evil and bad for the economy and the free market.
When l33t tools are outlawed, only outlaws will have them.
Governments are evil by definition and the real terrorists are in government and people need protection from government, which is what Constitution is supposed to be in at least in US.
1. Yen would have been 5 times as high if it weren't for the policies of the last 20 years.
2. What do you mean: "you'll be happy to hear"? What do you think I post these comments without participating in markets? Really?
3. Their unemployment is caused by their government destroying their currency, it's been their policy for 20 years and it will continue for another 20 years and 200 years, whatever it takes them to realise, that they need to let their currency go where the market takes it, and in fact they need to stop taxing capital gains and income and thus allow gold to be used as money, and it would bring enormous amounts of investments into their country.
Chinese understood this decades ago, and investments have been flowing in and they are now the economic engine of this planet, Japanese could have some of that if they didn't follow the prescriptions that Bernanke gave them near two decades ago.
People really need to evaluate their understanding of economics, obviously history and facts don't sway them, but I think this global depression will either break it or make it for all of these socialist heavens, and they'll either go full dictatorial or finally kick the socialists and fascists out and let the markets work.
Shut up, dumb ass, if you didn't notice the same exact problem has been destroying the economies of USA, Europe, former USSR, Japan, Canada, Australia, South America and Africa and Asia - the entire world is on paper currency, which is insane and an abomination.
They are doing everything to keep their currency down, same as Swiss are involved in, all these currency wars hurt the population of their countries only. Who wins the currency wars? Those who hurt their own people the most.
I wouldn't buy Japanese yen for the same reason I don't want any paper currency, but Japanese yen would be at least 5 times as strong as it is now if it weren't for their insane government policies of the last 20 years and Japan would be much more prosperous than it is now.
Their government officials responsible for this need to do to themselves what has been in their culture long ago for those, who dishonour themselves.
Your post makes no sense. First you say they need to stop with Keynesian economics, then you go on about stopping them and their ability to print money. Which is a central keynesian ideal. So which is it?
- can you re-read this and try to explain to yourself, how come 2 statements, both of which are true, are contradictory?
Yes, Japan needs to stop Keynesian charlatanism, which means they need to stop government spending and for this they need to stop printing currency. They need market money, not political money, which means in almost every case that they need gold, not paper.
Oddly Japan seems to be doing fine after learning from their housing bubble in the 90's, which the US didn't learn from.
- so you don't know what Japanese zombie banks and zombie corporations are?
And you believe japanese unemployment is a problem? At 4.3%?
- that's nonsense. The real unemployment is over 3 times as high.
Wait, let me guess, you're the same type of person who believes that when it was the same during Bush's term it was disastrous, but during Obama's 10% it was perfectly okay.
- what? What? What the fuck is this nonsense?
I am 100% against Obama. I was 100% against Bush. 100% against Clinton. The last US presidents that actually made sense were Grover Cleveland, Warren Harding and Calvin Coolidge.
I don't understand how your post is moderated up, but it's some truly confused moderation on every level.
There is no need to look for any 'true Scotsman', when the problem is obvious and is always the same:
1. Government spending is a tax. 2. Government destroying currency is a tax and causes destruction of economy. 3. Government regulation is a tax.
-- Now, Japan has been suffering for 20 years, they can continue on their current course for another 20 years and another 200 years, or they can admit that they are wrong and stop this nonsense.
They need to stop their government from destroying their currency.
In fact the 'Scotsman' problem is all that Keynesian charlatans have, because their solution to everything is: print/spend more, and if it's not getting better, it means you aren't printing/spending enough. THAT is 'true Scotsman' problem. The solution is not to allow government to print at all, and limit the spending to a proportion of spending that the public is willing to do, thus income/corporate/payroll taxes must be abolished and printing presses must be stopped.
The real regulation of economy comes from market, thus market money (whatever market decides it to be, and it's obviously gold) and whatever market decides to spend and not save/invest, thus taxes must be proportionate to spending or consumption taxes, not production taxes.
Japan SHOULD have deflation, but they have inflation, because they are creating insane amount of money not to let their currency rise.
Japanese are very productive and they should enjoy strong yen and falling prices, instead they 'enjoy' inflation created by government and high prices in exchange for all that productivity.
I know they 'consider' it too high, they bought into Bernanke's plan from over a decade ago, and they are wrong and it's been hurting them for 20 years now.
Japanese have been listening to the US 'economists' on this, in fact they've taken Bernanke's plan to destroy their currency, which is self-serving for US interests. In reality of-course Japanese are hurting their own people by destroying their purchasing power. If you still don't get it - if companies want to sell more of their stuff in weak currency and thus get less purchasing power for what they sell, they can lower their prices, and the government is absolutely wrong to lower their prices for them by devaluing the yen and stealing from their own people.
Slashdot Mirror
Even with your nick, you should be able to actually read the words
The Supreme Court, interpreting the United States Constitution's Commerce Clause under Article 1 Section 8 (which permits the United States Congress "To regulate Commerce with foreign Nations, and among the several States, and with the Indian Tribes;") decided that, because Filburn's wheat growing activities reduced the amount of wheat he would buy for chicken feed on the open market, and because wheat was traded nationally, Filburn's production of more wheat than he was allotted was affecting interstate commerce, and so could be regulated by the federal government.
I don't care about your bets, you can't read the words, it's not my problem. The decision was based on what the farmer was growing and thus NOT BUYING, and your nick is appropriate.
You haven't "beaten me" for shit, not with this
That sound you hear is 310 million pairs of American eyes rolling in your direction. Not selling wheat is not tenably similar to holding your breath. If you can sell that theory to a judge, I'll pay you a thousand dollars.
nonsense.
You consider THAT to be an argument? You busted yourself, fuck off.
You are assuming that it is possible for bank management to do what they did without government backing them with free money and various regulations, that required them to give out much riskier loans than what they normally would give out if they didn't have either government backing in the money or regulations.
All of those huge bonuses, etc., it's all only possible when there is a huge government put on all those terrible risky loans that banks give out and it's prevented from ever happening with real money in the first place.
You know, your nick is amusingly appropriate.
Of-course breathing air can be construed as commerce.
if growing and NOT SELLING WHEAT can be construed as commerce, then breathing also can be.
Air is used in all major industrial purposes, transportation, etc., internal combustion engines, you name it, and thus it's a resource that can be argued to be part of commerce itself, and in reality it is. It's a subsidy of sorts by the nature, but it doesn't mean it's necessarily free at all, there are costs associated with NOT polluting air as an example, and so if somebody burns wood in their stove OR breathes it, he is using a shared resource that can otherwise be used by some manufacturing process or a shipping company, etc.
You think it's far-fetched? Nothing is far-fetched when government wants to control you, not killing US citizens without a warrant on POTUS's hunch, not frisking you when you decide to take a train at some point (you are already searched before boarding an airplane).
If not participating in a transaction can be argued by government to be part of commerce, then breathing air definitely can.
Now some might say "Just think of what they would have been able to do with even LESS regulations!"
- that's the proper question, but it's incomplete.
Think about what they would be with less GOVERNMENT regulations!
The only real regulations are capital requirements that force banks to be risk averse by default, and no amount of government regulations does that, on the contrary - the Federal reserve of USA states that one of its goals is to ensure that people take MORE RISK than they would otherwise take in the market, which is obviously regulation and it's hurting the economy and it's done with counterfeit money.
So the correct statement is: think how much stronger a position of a bank would be that had REAL regulations, that are not corrupted by political system, but instead are ensured through the market - real money, gold.
The only real regulation in the market is real money. Can't gamble with real money without the government standing there with handouts.
Can't give risky loans, can't NOT have capital. Can't break contracts - otherwise you go to jail, thus can't commit fraud.
Committing fraud is all the 'government' regulation that needs to be enforced through CONTRACT LAW and the rest of the regulations are all market driven - gold as money and no fake credit, no fake mandates from government to give out risky loans. Can't buy worthless government paper either with real money, nobody would support a bank like that in the market.
--
But this requires people to understand that inflation is BAD for economy, not good, and people are obviously still not ready for it, even though they've been suffering the consequences of inflation in the world for near half a century (and countries have disintegrated because of counterfeiting of money in last century too, including USSR.)
Growth of economy depends on production, not consumption, of-course some think that 'supply side economics' is wrong, but they are the ones who don't understand that it worked marvellously for those, who actually manufacture the supply, not for those who stopped manufacturing and only consumed based on fake money.
The companies who want inflation in order to sell more of their goods - they have to be honest with their shareholders all of a sudden! It's not that they are gaining more purchasing power by selling more goods at lower valued money - the opposite is true. They are losing their purchasing power while gaining more nominal quantity of currency. So who benefits in that? Definitely not the people of the country and not even the shareholders. Do you know WHO benefits?
The top management, board of directors, simply because they can show nominal growth, which in reality is often a loss of a steady in real terms, but it looks like growth because more is sold in lower priced currency. Well, it's the same thing as selling in unchanged currency but cheaper! But it doesn't look good for their bonuses, and those are the people who go to the government to ensure that policy of inflation stays in effect.
They don't have to do much convincing there either, the government is happy to oblige - they love inflation, they are net borrowers and they want to win more elections, and giving out free money and creating inflation and using the nominal currency to give out more 'free stuff', programs, wars, laws, whatever pork, they get re-elected based on that.
The only real discipline does not come from government, it comes from real regulations - market money.
They've gone off the track because they moved away from the point of that clause completely, and the point was to ensure that States do not engage in anti-competitive behaviour, so for example it is wasteful and corrupt to require that say a medical or a financial professional has to register as such in every State separately, instead of ensuring that registered once in one State, the person can then practice his trade across State borders.
The federal government has failed in this completely, why completely abusing the very point of that power granted to it to mean that it can override any State law with federal law, like in case of marijuana, where California declares it legal for medical use, yet FBI still raids dispensaries.
The only 'fiasco' about debt ceiling was that it was allowed to go up.
You're garden example sis not true at all.
Why don't you shut your fucking worthless ignorant yapper?
Wickard v. Filburn, 317 U.S. 111 (1942), was a U.S. Supreme Court decision that recognized the power of the federal government to regulate economic activity. A farmer, Roscoe Filburn, was growing wheat for on-farm consumption. The U.S. government established limits on wheat production based on acreage owned by a farmer, in order to drive up wheat prices during the Great Depression, and Filburn was growing more than the limits permitted. Filburn was ordered to destroy his crops and pay a fine, even though he was producing the excess wheat for his own use and had no intention of selling it.
The Supreme Court, interpreting the United States Constitution's Commerce Clause under Article 1 Section 8 (which permits the United States Congress "To regulate Commerce with foreign Nations, and among the several States, and with the Indian Tribes;") decided that, because Filburn's wheat growing activities reduced the amount of wheat he would buy for chicken feed on the open market, and because wheat was traded nationally, Filburn's production of more wheat than he was allotted was affecting interstate commerce, and so could be regulated by the federal government.
This is precious, why have a Constitution if you can 'interpret' it at all, so in reality nothing that government wants to do can be prevented?
I mean, eventually you BREATH AIR, right? Doesn't air cross State boundaries? That's it - your very existence can be regulated by the federal government completely even if you never leave your particular State.
If you grow your own food in your own garden and you don't even buy anything from anybody - well, by gov't logic (and it's true, it already was argued) you are involved in 'interstate commerce'. Why? Because you aren't buying things from other states, so you are clearly preventing their sales, which means you are interfering with inter-state commerce, which means you are engaged in it.
Hawaii is one state, yet it has 'interstate highways' in it (H-1), but it's one State. So how is that possible? Well the answer is obvious - when federal government wants to build a highway system in order to interfere with States rights logic exits the doors.
Of-course the Keynesian charlatans don't understand at all that inflation created by government counterfeiting of currency just lowers the price of things, so price of labour goes down (and the Fed says - that's how we increase employment) so with lower price for labour more people MAY be hired.
- typing too fast, correction, inflation raises price of things, but it destroys purchasing power.
Inflation destroys purchasing power of individuals, and thus the cost of labour goes down when inflation hits, because employees can buy less with their pay-check.
Whenever a corporation comes to government to have government counterfeit more money and cause inflation in order to "promote more exports", the question everybody should ask themselves is this:
Why are you trying to lower your prices by destroying currency? Just lower your fucking prices yourself and don't destroy the people's money.
Of-course the Keynesian charlatans don't understand at all that inflation created by government counterfeiting of currency just lowers the price of things, so price of labour goes down (and the Fed says - that's how we increase employment) so with lower price for labour more people MAY be hired.
Of-course once the government is so monstrous, that it overwhelms the businesses and people with regulations and taxes, investment capital leaves and nobody WANTS to do business there, in that situation the inflation does not help to increase employment, it only causes prices to go up.
The reason why in USA the prices were not jumping up like crazy due to all of the counterfeiting is that USD was reserve currency, and people across the world were still accepting the USD even while it was losing value - USA's main export is inflation after all.
Japan is not in the same position, it cannot EXPORT inflation, so it keeps inflation at home while exporting cheaper and cheaper goods based on the devalued currency, while pushing nominal prices above where they should be and based on all the productivity of the Japanese, their goods really need to go down in price, and their purchasing power would shoot up dramatically if their government wasn't destroying it with every new printed yen.
Japan needs to stop with the Keynesian nonsense they've been involved with for the past 2 decades, destroying their currency in this currency war, which is won by those, who hurt their own economy the most.
Trade is not about finding a foreign market for the sake of foreign market. Trade is about comparative advantage and about being able to buy something from people you trade with. NOT their worthless currency, but products that you don't make yourself.
Japan needs a lot of raw materials and energy, so they really need to trade with countries at least for those resources, and stronger currency would help Japan immensely, especially now, that they've been hit with too many natural disasters and they need all sorts of materials and energy to rebuild everything.
Japan needs to rebuild their infrastructure in many places, so they need to allow their currency to appreciate, so that more investments would be put into it, so they could buy more, and they need to stop listening the insane Keynesian charlatans, who really caused their economy to stagnate for 20 years. Nobody should be bailed out and nobody should be protected from rising currency with government intervention. Having currency fall looks good on a quarterly statement due to more sales in devalued currency, but it's terrible for the actual citizens and consumers, who have rising prices because the government destroys the money.
Maybe the Japanese should think about kicking their government in the balls for these 20 years and taking away their ability to print money in the first place and do something smart for a change and switch to saving and trading in gold and let the investments come into the country, because that's what would happen.
They would fix the unemployment in a hurry, with more investments coming in and they would be able to fix their infrastructure with strong money and they wouldn't even need to make these cuts in scientific spending.
Only if you're a communist.
- or if you are a fascist. Of if you are running a ruse, called a 'Constitutional representative republic', while in reality being a corrupt government with two faces that uses Marxist ideology to sell government spending to the public while simply stealing the money from everybody and sharing it with the most privileged elite closest to the government, and then you really don't want anybody to learn the true nature of things, so you set up an federal government department of "education" and push propaganda through it to ensure that nobody figures out what is really happening.
I take it you grew up in some socialist hell hole so you think education is only meant to brainwash. Pity. You could have been so much more.
- born in the USSR, and I believe education is very important and that what government does is not education but propaganda and both of those views are completely consistent and correct.
The most dangerous tool that a person possesses is found in his head, and the political system understands this really well, that's why it established an agency known as 'department of education'. War is peace, Freedom is slavery, Ignorance is strength.
So i'm not only competing against google, but against people who no longer needs to order a quality work, since now it's there FREE.
- good.
Duh! That's certainly UNFAIR.
- nonsense. It's completely fair and it's good, and it's progress and it's what free market is about, and government meddling with it is evil and bad for the economy and the free market.
When l33t tools are outlawed, only outlaws will have them.
Governments are evil by definition and the real terrorists are in government and people need protection from government, which is what Constitution is supposed to be in at least in US.
clearly
- obviously you are full of shit, nothing is clear to you,
Americans telling other people how to do economics...
It's just fucking hilarious!
dumb shit.
Obviously you don't live in Japan. Let me guess, US? Seems everyone from the US has answers for other people's problems.
- wrong.
I take it you've never worked in finance.
- wrong.
What do reduced regulations have to do with a stagnant GDP caused by an aging population?
- ignorant.
How would "Huge inflows of investment capital" fix the economy? Japan doesn't suffer from a lack of investment or cheap money.
- wrong.
Our issue is structural and can only be solved by increasing cross-border acquisitions and repatriating capital.
- wtf?
1. Yen would have been 5 times as high if it weren't for the policies of the last 20 years.
2. What do you mean: "you'll be happy to hear"? What do you think I post these comments without participating in markets? Really?
3. Their unemployment is caused by their government destroying their currency, it's been their policy for 20 years and it will continue for another 20 years and 200 years, whatever it takes them to realise, that they need to let their currency go where the market takes it, and in fact they need to stop taxing capital gains and income and thus allow gold to be used as money, and it would bring enormous amounts of investments into their country.
Chinese understood this decades ago, and investments have been flowing in and they are now the economic engine of this planet, Japanese could have some of that if they didn't follow the prescriptions that Bernanke gave them near two decades ago.
People really need to evaluate their understanding of economics, obviously history and facts don't sway them, but I think this global depression will either break it or make it for all of these socialist heavens, and they'll either go full dictatorial or finally kick the socialists and fascists out and let the markets work.
Shut up, dumb ass, if you didn't notice the same exact problem has been destroying the economies of USA, Europe, former USSR, Japan, Canada, Australia, South America and Africa and Asia - the entire world is on paper currency, which is insane and an abomination.
BTW., I ain't an American.
What? Was I not clear?
They are doing everything to keep their currency down, same as Swiss are involved in, all these currency wars hurt the population of their countries only. Who wins the currency wars? Those who hurt their own people the most.
I wouldn't buy Japanese yen for the same reason I don't want any paper currency, but Japanese yen would be at least 5 times as strong as it is now if it weren't for their insane government policies of the last 20 years and Japan would be much more prosperous than it is now.
Their government officials responsible for this need to do to themselves what has been in their culture long ago for those, who dishonour themselves.
Your post makes no sense. First you say they need to stop with Keynesian economics, then you go on about stopping them and their ability to print money. Which is a central keynesian ideal. So which is it?
- can you re-read this and try to explain to yourself, how come 2 statements, both of which are true, are contradictory?
Yes, Japan needs to stop Keynesian charlatanism, which means they need to stop government spending and for this they need to stop printing currency. They need market money, not political money, which means in almost every case that they need gold, not paper.
Oddly Japan seems to be doing fine after learning from their housing bubble in the 90's, which the US didn't learn from.
- so you don't know what Japanese zombie banks and zombie corporations are?
And you believe japanese unemployment is a problem? At 4.3%?
- that's nonsense. The real unemployment is over 3 times as high.
Wait, let me guess, you're the same type of person who believes that when it was the same during Bush's term it was disastrous, but during Obama's 10% it was perfectly okay.
- what? What? What the fuck is this nonsense?
I am 100% against Obama. I was 100% against Bush. 100% against Clinton. The last US presidents that actually made sense were Grover Cleveland, Warren Harding and Calvin Coolidge.
I don't understand how your post is moderated up, but it's some truly confused moderation on every level.
There is no need to look for any 'true Scotsman', when the problem is obvious and is always the same:
1. Government spending is a tax.
2. Government destroying currency is a tax and causes destruction of economy.
3. Government regulation is a tax.
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Now, Japan has been suffering for 20 years, they can continue on their current course for another 20 years and another 200 years, or they can admit that they are wrong and stop this nonsense.
They need to stop their government from destroying their currency.
In fact the 'Scotsman' problem is all that Keynesian charlatans have, because their solution to everything is: print/spend more, and if it's not getting better, it means you aren't printing/spending enough. THAT is 'true Scotsman' problem. The solution is not to allow government to print at all, and limit the spending to a proportion of spending that the public is willing to do, thus income/corporate/payroll taxes must be abolished and printing presses must be stopped.
The real regulation of economy comes from market, thus market money (whatever market decides it to be, and it's obviously gold) and whatever market decides to spend and not save/invest, thus taxes must be proportionate to spending or consumption taxes, not production taxes.
Japan SHOULD have deflation, but they have inflation, because they are creating insane amount of money not to let their currency rise.
Japanese are very productive and they should enjoy strong yen and falling prices, instead they 'enjoy' inflation created by government and high prices in exchange for all that productivity.
I know they 'consider' it too high, they bought into Bernanke's plan from over a decade ago, and they are wrong and it's been hurting them for 20 years now.
Japanese have been listening to the US 'economists' on this, in fact they've taken Bernanke's plan to destroy their currency, which is self-serving for US interests. In reality of-course Japanese are hurting their own people by destroying their purchasing power. If you still don't get it - if companies want to sell more of their stuff in weak currency and thus get less purchasing power for what they sell, they can lower their prices, and the government is absolutely wrong to lower their prices for them by devaluing the yen and stealing from their own people.