Then how does that not fall under the 5th and 14th amendments?
Sooner or later there is going to be a clear establishment of a dichotomy. Civil Unions between any two adults will be an established Constitutional Right, and marriage will be something defined by whatever religion the couple may adhere to.
What Did You Learn in School Today? Words and Music by Tom Paxton
What did you learn in school today, Dear little boy of mine? What did you learn in school today, Dear little boy of mine? I learned that Washington never told a lie. I learned that soldiers seldom die. I learned that everybody's free. And that's what the teacher said to me. That's what I learned in school today. That's what I learned in school.
What did you learn in school today, Dear little boy of mine? What did you learn in school today, Dear little boy of mine? I learned that policemen are my friends. I learned that justice never ends. I learned that murderers die for their crimes. Even if we make a mistake sometimes. That's what I learned in school today. That's what I learned in school.
What did you learn in school today, Dear little boy of mine? What did you learn in school today, Dear little boy of mine? I learned our government must be strong. It's always right and never wrong. Our leaders are the finest men. And we elect them again and again. That's what I learned in school today. That's what I learned in school.
What did you learn in school today, Dear little boy of mine? What did you learn in school today, Dear little boy of mine? I learned that war is not so bad. I learned of the great ones we have had. We fought in Germany and in France. And some day I might get my chance. That's what I learned in school today. That's what I learned in school.
Yes, it did happen in a year or two. Go look up the subprime origination rates. The rates exploded post 2006 when the large investment banks were allowed to increase their leverage.
As you pointed out Freddie and Fanny only issued 1/4 of the subprime loans. Even more telling is these loans weren't resold extending the leverage into the capitalization of the entire banking system, and their default rates were and continue to be much lower than the commercial loans.
The transistor was not done in a free market environment. It was the result of a regulated monopoly, as were the other results of Bell Labs - which happened to be the most productive R&D organization in the world. Which disappeared as soon as Bell was broken up.
Many other technical advances were spinoffs of government spending - military and NASA. Airplane development is and has always been the result of military R&D spending. It is why the US has dominated that industry since WWI.
Electric power plants are again funded by government regulated monopolies. The #1 component of the US road system, the interstate highways was built primarily as a national defense measure.
Much of the rail system in the US was funded by gov't guaranteed bonds (I am related to Collis Potter Huntington so I should know).
Basically the things that you are claiming as the results of market driven enterprise.. are NOT.
Bullshit. People who predict a recession every year will of course be able to predict every recession. And no, not all of these people mentions are Keynesians either.
Peter Schiff, who you linked to has been predicting not just a recession, but total economic collapse. That is something that has not happened. In addition you might want to take a look at the performance of the investment fund he manages. Hint: he has lost almost all of his client's money with his wack job predictions.
The fact is that we have not had an actual economic collapse in the US since the start of the republic, merely a series of cyclical boom-bust patterns.
If Ron Paul was predicting the next recession he would have been accurate - but that is not what he is predicting. He's predicting hyperinflation, default on government debt etc.
Eventually people who consistently predict any event over a long enough period of time will be right - just like a broken clock is right twice a day. This isn't an indication of wisdom as the vast majority of the time they are wrong.
Just like Ron Paul has been wrong for decades, and is likely to continue to be wrong for decades to come.
Freddie and Fannie had nothing to do with the financial crisis. Their default rates were much lower than the commercial banks, and they don't resell mortgages as securities.
The cause of the crises was the Bush Administration allowing investment banks to increase their leverage in 2006. This released a flood of capital which was used by commercial banks to issue bad loans which were then bundled and resold as AAA MBS. These MBS securities failed, causing banks to have to write down capital (mark to market).
Banks have been pretty much stripped of any ability to control anything given they are a house of cards attempting to prop each other up with phoney insurance policies backed by fraudulently over rated securities. One good puff of wind, say like Greece defaulting on it's debt and .
Not given the fact that those banks are pretty much insolvent as they own massive amounts of sovereign debt and mortgage securities guaranteed by other insolvent banks which will never be paid back.
Mostly their levers are hollowed out termite infested rotten wood which could not disturb the smallest pebble without snapping, let alone move the world.
It's in the interest of self-identifying anti-capitalist paranoid shizo's to cause others to believe that's the case even if it's not, which means it's a SMART headline.
Yes, but then they read my response and realize they are being lied to by an anti-capitalist paranoid shizo, which predisposes them to disbelieve any such headlines in the future, thus making it a STUPID headline.
What you are missing is that the rate of college education is actually dropping, and that the unemployment rates are much lower among college grads than non-college grads.
Government support of student loans depresses the price of loan to the student, making more money available to the university and less money available to private banks.
If subsidised student loans were eliminated what would happen is that the cost of the loans would increase, generating more income to banks and less money would be available to universities.
While I think education costs are certainly bloated, redirecting that bloat to banks is not the choice I would make. It would be much better to come up with a mechanism that would not substitute higher loan costs for education costs.
Your Edison example is complete hogwash. His success with the light bulb included careful engineering of a complete system to enable production, delivery and the components to supply electrical illumination. Many other people where try all sorts of random components to build light bulbs. Edison was successful because of his systematic approach to the total problem.
Oh pooh. Real life problems don't come with pre-programmed immediate answers. Immediate feedback encourages trail and error problem solving rather than thinking through the answers, and is very harmful.
Slashdot Mirror
Then how does that not fall under the 5th and 14th amendments?
Sooner or later there is going to be a clear establishment of a dichotomy. Civil Unions between any two adults will be an established Constitutional Right, and marriage will be something defined by whatever religion the couple may adhere to.
What Did You Learn in School Today?
Words and Music by Tom Paxton
What did you learn in school today,
Dear little boy of mine?
What did you learn in school today,
Dear little boy of mine?
I learned that Washington never told a lie.
I learned that soldiers seldom die.
I learned that everybody's free.
And that's what the teacher said to me.
That's what I learned in school today.
That's what I learned in school.
What did you learn in school today,
Dear little boy of mine?
What did you learn in school today,
Dear little boy of mine?
I learned that policemen are my friends.
I learned that justice never ends.
I learned that murderers die for their crimes.
Even if we make a mistake sometimes.
That's what I learned in school today.
That's what I learned in school.
What did you learn in school today,
Dear little boy of mine?
What did you learn in school today,
Dear little boy of mine?
I learned our government must be strong.
It's always right and never wrong.
Our leaders are the finest men.
And we elect them again and again.
That's what I learned in school today.
That's what I learned in school.
What did you learn in school today,
Dear little boy of mine?
What did you learn in school today,
Dear little boy of mine?
I learned that war is not so bad.
I learned of the great ones we have had.
We fought in Germany and in France.
And some day I might get my chance.
That's what I learned in school today.
That's what I learned in school.
1917.
Like everything else in Perl, the name is too long.
Pathological Rubbish would have been more apropos.
http://www.youtube.com/watch?v=zjA3_Qlji1Y
http://www.youtube.com/watch?v=wQL6Mus1nCQ
http://money.usnews.com/money/blogs/the-ticker/2009/01/26/peter-schiff-right-on-the-crisis-wrong-on-investing
http://caps.fool.com/blogs/im-glad-that-someone-else/136598
http://en.wikipedia.org/wiki/Peter_Schiff#Investment_advice
Yes, it did happen in a year or two. Go look up the subprime origination rates. The rates exploded post 2006 when the large investment banks were allowed to increase their leverage.
As you pointed out Freddie and Fanny only issued 1/4 of the subprime loans. Even more telling is these loans weren't resold extending the leverage into the capitalization of the entire banking system, and their default rates were and continue to be much lower than the commercial loans.
Today there was a news item that Freddie and Fanny losses are expected to come in lower than originally anticipated. http://online.wsj.com/article/SB10001424052970203687504577001653467422674.html
The idea that Freddie and Fanny are at the root of the housing bubble is just plain fantasy.
The transistor was not done in a free market environment. It was the result of a regulated monopoly, as were the other results of Bell Labs - which happened to be the most productive R&D organization in the world. Which disappeared as soon as Bell was broken up.
Many other technical advances were spinoffs of government spending - military and NASA. Airplane development is and has always been the result of military R&D spending. It is why the US has dominated that industry since WWI.
Electric power plants are again funded by government regulated monopolies. The #1 component of the US road system, the interstate highways was built primarily as a national defense measure.
Much of the rail system in the US was funded by gov't guaranteed bonds (I am related to Collis Potter Huntington so I should know).
Basically the things that you are claiming as the results of market driven enterprise .. are NOT.
Bullshit. People who predict a recession every year will of course be able to predict every recession. And no, not all of these people mentions are Keynesians either.
Peter Schiff, who you linked to has been predicting not just a recession, but total economic collapse. That is something that has not happened. In addition you might want to take a look at the performance of the investment fund he manages. Hint: he has lost almost all of his client's money with his wack job predictions.
The fact is that we have not had an actual economic collapse in the US since the start of the republic, merely a series of cyclical boom-bust patterns.
If Ron Paul was predicting the next recession he would have been accurate - but that is not what he is predicting. He's predicting hyperinflation, default on government debt etc.
Eventually people who consistently predict any event over a long enough period of time will be right - just like a broken clock is right twice a day. This isn't an indication of wisdom as the vast majority of the time they are wrong.
Just like Ron Paul has been wrong for decades, and is likely to continue to be wrong for decades to come.
You are correct, however the reasons are completely unrelated to why economic models fail.
Freddie and Fannie had nothing to do with the financial crisis. Their default rates were much lower than the commercial banks, and they don't resell mortgages as securities.
The cause of the crises was the Bush Administration allowing investment banks to increase their leverage in 2006. This released a flood of capital which was used by commercial banks to issue bad loans which were then bundled and resold as AAA MBS. These MBS securities failed, causing banks to have to write down capital (mark to market).
Banks have been pretty much stripped of any ability to control anything given they are a house of cards attempting to prop each other up with phoney insurance policies backed by fraudulently over rated securities. One good puff of wind, say like Greece defaulting on it's debt and .
Not given the fact that those banks are pretty much insolvent as they own massive amounts of sovereign debt and mortgage securities guaranteed by other insolvent banks which will never be paid back.
Mostly their levers are hollowed out termite infested rotten wood which could not disturb the smallest pebble without snapping, let alone move the world.
It's in the interest of self-identifying anti-capitalist paranoid shizo's to cause others to believe that's the case even if it's not, which means it's a SMART headline.
Yes, but then they read my response and realize they are being lied to by an anti-capitalist paranoid shizo, which predisposes them to disbelieve any such headlines in the future, thus making it a STUPID headline.
Rate of college education = percentage of population that receives college degrees.
http://www.aei.org/outlook/28863
The US has a relative low rate of college graduation compared to several other countries, and quite high rates of post secondary failure.
It is a frinken disaster, actually, one that will eventually lead to big problems in the US.
"The 147 Corporations Controlling Most of the Global Economy"
Then we find out that it's 147 banks that control 40% of the financial sector.
How is this controlling most of the global economy? The financial sector is about 30% of the global economy, and these banks control 40% of that.
It's more like the top 147 banks control 12% of the global economy.
I went to college in the early 1970's. It wasn't true then, either. A part time summer job paid for books and that's about it.
What you are missing is that the rate of college education is actually dropping, and that the unemployment rates are much lower among college grads than non-college grads.
If you discontinue subsidized loans, loan costs will go up and education costs will go down. So you are transferring money from universities to banks.
I really don't think that's the way you want to go.
Government support of student loans depresses the price of loan to the student, making more money available to the university and less money available to private banks.
If subsidised student loans were eliminated what would happen is that the cost of the loans would increase, generating more income to banks and less money would be available to universities.
While I think education costs are certainly bloated, redirecting that bloat to banks is not the choice I would make. It would be much better to come up with a mechanism that would not substitute higher loan costs for education costs.
These patterns should be obvious enough to all that it requires no proof or evidence.
Sorry, but I don't mix economics with religion.
Your Edison example is complete hogwash. His success with the light bulb included careful engineering of a complete system to enable production, delivery and the components to supply electrical illumination. Many other people where try all sorts of random components to build light bulbs. Edison was successful because of his systematic approach to the total problem.
Oh pooh. Real life problems don't come with pre-programmed immediate answers. Immediate feedback encourages trail and error problem solving rather than thinking through the answers, and is very harmful.
Which is complete bullshit of course. Many farmers have successfully defended themselves against such charges.