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Thread: Crisis cost up to $14 trillion, Dallas Fed says

  1. #21
    Filmmaker Lawyer Patriot
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    Re: Crisis cost up to $14 trillion, Dallas Fed says

    Quote Originally Posted by Kushinator View Post
    Here is your initial response:



    To which I label those who identify with the bold as re-tar-ded. If your participation in this thread is meant to substitute economic logic with semantics, it has been successful.
    Sure. Show your good faith by ignoring the first part of my sentence.

    Look, as I said, you're not stupid. You know what I'm saying. You're dodging it. Thus, baiting.
    “Offing those rich pigs with their own forks and knives, and then eating a meal in the same room, far out! The Weathermen dig Charles Manson.”-- Bernadine Dohrn

  2. #22
    I'm not-low all the time
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    Re: Crisis cost up to $14 trillion, Dallas Fed says

    Quote Originally Posted by Harshaw View Post
    Sure. Show your good faith by ignoring the first part of my sentence.

    Look, as I said, you're not stupid. You know what I'm saying. You're dodging it. Thus, baiting.
    You are not saying anything of importance. Those who oppose deficit spending during severe economic contraction for reasons other than party politics are too stupid to understand that they are advocating against their self interests. Whether it is based on partisanship or general innocence does not matter. As stated, the two tend to go hand-in-hand.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

  3. #23
    Student keith's Avatar
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    Re: Crisis cost up to $14 trillion, Dallas Fed says

    I actually can support built in automatic stabilizers that tend to keep spending and revenue relatively in balance over the economic cycle.The use of deficit spending to pay off supporters using a poor economy as an excuse is what sickens me
    The ultimate result of shielding men from the effects of folly, is to fill the world with fools.

    Herbert Spencer

  4. #24
    I'm not-low all the time
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    Re: Crisis cost up to $14 trillion, Dallas Fed says

    Quote Originally Posted by keith View Post
    I actually can support built in automatic stabilizers that tend to keep spending and revenue relatively in balance over the economic cycle.The use of deficit spending to pay off supporters using a poor economy as an excuse is what sickens me
    As it does me! However, this is not typically the case. For example; Rhapsody1447 had a brilliant post a few weeks ago describing the relationship between corporate profits and federal deficits. Supporters of deficit spending tend to be the coporations whose top-line growth is heavily derived from changes (negative) in government saving.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

  5. #25
    Sage


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    Re: Crisis cost up to $14 trillion, Dallas Fed says

    Quote Originally Posted by Kushinator View Post
    Good for you!
    Just following the advice of Dubya, for what to do during times of crisis.

  6. #26
    Pragmatic Idealist
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    Re: Crisis cost up to $14 trillion, Dallas Fed says

    Quote Originally Posted by Kushinator View Post
    There is a difference between an expenditure and the opportunity cost of a crisis. You should have at least read the link in the OP before commenting.



    Waste is not a government specific problem. It is generally accepted that the government is more wasteful than the private sector due to differences in motivation (profit vs governance). However, when the private sector is in severe disarray, only the public sector can fill the shortfall left by a decline in private investment and domestic consumption.
    Wow, a libertarian with an understanding of economics.... can it be true? Careful, someone may revoke your libertarian card.

    Maybe you mistook the political affiliation question for occupation, have a keen command of the Dewey Decimal system, but you are not a particularly good speller?

    Maybe you are just a libertarian from outside the US, therefore have a better understanding of how the world works?
    Last edited by upsideguy; 09-16-13 at 01:27 AM.

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