That's advice that you would do well to take. We had bubbles and depressions before FDR, but the government had very little power to interfere in the recovery process, and they were typically over in two years or less.
FDR, and the Keynsian idiots around him, believed that falling prices were the problem, and did everything they could think of, legal or not, to try to prop up prices, including such asinine measures as plowing crops under and slaughtering livestock just to waste them. It's no coincidence that a man who thought he was entitled to command every aspect of our economy is also the man who imprisoned Americans without trial or charges for nothing more than having Japanese ancestry.
a totally hypothetical science that allows sociologists to acually make valid predictions about human behaviour.
That was always a bit of a disturbing aspect for me of Asimov's work. The foundation series, and the robot series as well, both have this nasty premise that people should be manipulated by the characters that Asimov considers superior.
This award comes from a committee of bankers. It's not at all surprising that they decide to give it to someone who's all for bailing out banks that have been run into the ground by incompetent risk management.
First of all, you''re on pretty thin ice when you decide to insult millions of people in one go. That makes YOU stupid.
Secondly, you gloss over the fact that fiat currency is easily debased, and that the practice of inflating the money is precisely what made the bubble possible. Yes, the lenders and the real estate speculators are also culpable, but if they had to operate in a sound money environment, there is a limit to how far out on a limb they could go, because the cost of credit would actually rise with increased demand for credit.
Fiat currencies haven't caused our problems. Rampant speculation on the housing market has.
It's the inflation of the fiat currency, providing an endless pool of credit to lend that made that speculation possible. If banks were constrained to lend their depositors' money instead of being able to re-lend their credit from the fed, then the interest rate would provide an indication of scarcity of capital to lend. It's trivial to inflate a fiat currency. It's rather more difficult to inflate coinage.
Slashdot Mirror
Get a real economic clue, PLEASE,
That's advice that you would do well to take. We had bubbles and depressions before FDR, but the government had very little power to interfere in the recovery process, and they were typically over in two years or less.
FDR, and the Keynsian idiots around him, believed that falling prices were the problem, and did everything they could think of, legal or not, to try to prop up prices, including such asinine measures as plowing crops under and slaughtering livestock just to waste them. It's no coincidence that a man who thought he was entitled to command every aspect of our economy is also the man who imprisoned Americans without trial or charges for nothing more than having Japanese ancestry.
FDR was a tyrant.
-jcr
a totally hypothetical science that allows sociologists to acually make valid predictions about human behaviour.
That was always a bit of a disturbing aspect for me of Asimov's work. The foundation series, and the robot series as well, both have this nasty premise that people should be manipulated by the characters that Asimov considers superior.
-jcr
This award comes from a committee of bankers. It's not at all surprising that they decide to give it to someone who's all for bailing out banks that have been run into the ground by incompetent risk management.
-jcr
Glossy looks more expensive and quasi-futuristic. That's it.
Nope. A glossy screen doesn't diffuse the light coming through it. You get a sharper image from the glossy screen.
-jcr
Write code that interests you, sell it or give it away, and build up a body of work that you can point to.
-jcr
spraying shoe polish on your bald spot
Yeah, I saw the TV ads for that stuff. I just can't imagine tagging my head like that.
-jcr
That's the most concise and accurate review of a television show I've ever read. Well done.
-jcr
Amen. It's like an adolescent trying to grow a mustache.
-jcr
About 20 years ago, I could see that I was going to go bald like my dad did, and I decided to just live with it. No drugs, plugs, or rugs.
-jcr
First of all, you''re on pretty thin ice when you decide to insult millions of people in one go. That makes YOU stupid.
Secondly, you gloss over the fact that fiat currency is easily debased, and that the practice of inflating the money is precisely what made the bubble possible. Yes, the lenders and the real estate speculators are also culpable, but if they had to operate in a sound money environment, there is a limit to how far out on a limb they could go, because the cost of credit would actually rise with increased demand for credit.
-jcr
how do you get the minis to work together as a grid?
With this
-jcr
You are an idiot.
He grasps the situation, and you do not.
Please go fuck the reicht-wing talking point you rode in on.
Wow, that was clever! I bet you're a big hit at your local ignorant pinko coffee house, aren't you?
-jcr
Seems more like it's too much regulation that's caused the problem.
Yes, the chief one being that we're all required to accept federal reserve notes.
-jcr
Fiat currencies haven't caused our problems. Rampant speculation on the housing market has.
It's the inflation of the fiat currency, providing an endless pool of credit to lend that made that speculation possible. If banks were constrained to lend their depositors' money instead of being able to re-lend their credit from the fed, then the interest rate would provide an indication of scarcity of capital to lend. It's trivial to inflate a fiat currency. It's rather more difficult to inflate coinage.
-jcr
As long as we put up with fiat currency, this kind of thing is bound to happen over and over.
-jcr
The swath was chosen based on timing and that it would be fairly close to nadir.
I think you mean perigee not nadir.
-jcr
Thanks, that image is amazing.
I wouldn't have guessed it was from a satellite. With that kind of resolution, I'd have expected it to be shot from an aircraft.
-jcr
meaningless security theater to calm the crowds.
I don't believe it's to calm the crowds. More like intimidate the crowds.
-jcr
It's open-and-shut, and there are actual damages. Now I guess we'll see whether they'll hide behind "sovereign immunity".
-jcr
If you do something illegal, STFU!
-jcr
Which puts it about six years later than the first publicly-available version of NeXTSTEP, which introduced the idea of the dock.
-jcr
I mean.. he only engineered the end to the depression,
Guess again. He's why it lasted as long as it did.
See Murray Rothbard, America's Great Depression if you want to actually understand the subject.
-jcr
The biggest scam would have to be the theft of gold, and its replacement by a fiat currency which has since been depreciated over 90%.
-jcr
Isn't the whole reason you got the greenback dollar because Lincoln didn't want to get the US govt into hock with the banks?
More like, he had a war to fund, and he couldn't be bothered to let something like the constitution stand in his way.
-jcr
Where does one start researching this information?
Pick up a copy of The Economist magazine, and check the small ads towards the back. Or, just google for "offshore banking".
-jcr