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Thread: CNN Poll: GOP would bear the brunt of shutdown blame [W:176:468]

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    Re: CNN Poll: GOP would bear the brunt of shutdown blame [W:176:468]

    Quote Originally Posted by Mithros View Post
    What Actually Causes Inflation (and who gains from it) - Forbes

    Increased monetary supply doesn't cause inflation. Inflation is caused when producers can get away with charging more for a wide variety of goods, either due to an increase in demand or a reduction/control of supply.

    Ridiculous conclusion you have drawn there. The producers "get away with" charging more for good and services because there is surplus money in the system that they can draw from. If a producer charges more than the population can pay then they go out of business.

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    Re: CNN Poll: GOP would bear the brunt of shutdown blame [W:176:468]

    Quote Originally Posted by Henrin View Post
    Dependence.
    All modern economies depend on credit. In fact, the use of credit as a means of payment predates that of currency. Are the ramifications from the fluctuations in the availability of credit a static consequence, e.g. many people like to site the monetary policy response from the Federal reserve in the early 2000's as a primary driver in the credit bubble. However, banking system liquidity and interest rates are hundreds of times more favorable now than they were then. And yet earnings multiples and home prices are more fairly priced now.
    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

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    Re: CNN Poll: GOP would bear the brunt of shutdown blame [W:176]

    Quote Originally Posted by Grant View Post
    As well as using bribery and changing the tradition from 60% required to 50%.
    Ah yes. Reconciliation. That will come back to bite them one day.
    "It's always reassuring to find you've made the right enemies." -- William J. Donovan

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    Re: CNN Poll: GOP would bear the brunt of shutdown blame [W:176:468]

    Quote Originally Posted by AlabamaPaul View Post
    You're forgetting the need/desire of individuals to fulfill their wants, and that would promote domestic production, thus employment and more consumption of domestically produced goods...
    No, i am just not willing to abandon the idea that gains from trade based on comparative advantage (even though we typically do have an absolute advantage) lead to a greater ability to consume outside our national productive capacity.
    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

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    Re: CNN Poll: GOP would bear the brunt of shutdown blame [W:176:468]

    Quote Originally Posted by Kushinator View Post
    No, i am just not willing to abandon the idea that gains from trade based on comparative advantage (even though we typically do have an absolute advantage) lead to a greater ability to consume outside our national productive capacity.
    A country cannot consume in excess of its productivity without incurring debt, hence trade deficits...
    I don't often change my signature, but this was just too over the top to let anyone forget with what this country is up against...
    Quote Originally Posted by James D Hill View Post
    I am for gay marriage because it ticks off Jesus freaks and social conservatives. Gays are also good voters because the vote for my side so I fight next to them.

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    Re: CNN Poll: GOP would bear the brunt of shutdown blame [W:176:468]

    Quote Originally Posted by Kushinator View Post
    If only you had any idea how wrong you are. Had the Federal government increased spending to levels necessary to supplement a most expansionary monetary policy initiative, we wouldn't have 7.3% unemployment.
    Well I think I do have a handle on what is going on but I don't expect a Keynesian like yourself to begin to see it my way.

    We have the Feds buying $85 billion in Treasury bonds and other long-term securities every month (indefinitely) to push down long-term interest rates. Why? Because there is really nothing else the Fed can do to stimulate Obama’s sluggish economy. Massive deficit spending has proven to be massively ineffective and interest rates are so low not even the traditional way of stimulating the economy by lowering interest rates is viable.

    Even the great and mighty Bernanke said high unemployment is expected to persist and that “high unemployment has substantial costs, including not only the hardship faced by the unemployed and their families but also the harm done to the vitality and productive potential of our economy as a whole.” He is absolutely correct but what he didn't state correctly is it's President Obama’s economic policies that are at the heart of the problem.

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    Re: CNN Poll: GOP would bear the brunt of shutdown blame [W:176:468]

    Quote Originally Posted by AlabamaPaul View Post
    A country cannot consume in excess of its productivity without incurring debt, hence trade deficits...
    Nope!

    The presence of international debt is of no consequence to the gains from trade. Clearly, China consumes outside their productive capacity even with their massive trade surplus. You are basically arguing for the U.S. to adopt a policy of autarky.
    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

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    Re: CNN Poll: GOP would bear the brunt of shutdown blame [W:176:468]

    Quote Originally Posted by Kushinator View Post
    Nope!

    The presence of international debt is of no consequence to the gains from trade. Clearly, China consumes outside their productive capacity even with their massive trade surplus. You are basically arguing for the U.S. to adopt a policy of autarky.
    You're fooling yourself if you think there is no connection between productive output and consumption as it relates to trade deficits. We, as a nation, are much better served when we produce more than we consume...
    I don't often change my signature, but this was just too over the top to let anyone forget with what this country is up against...
    Quote Originally Posted by James D Hill View Post
    I am for gay marriage because it ticks off Jesus freaks and social conservatives. Gays are also good voters because the vote for my side so I fight next to them.

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    Re: CNN Poll: GOP would bear the brunt of shutdown blame [W:176:468]

    Quote Originally Posted by vesper View Post
    Well I think I do have a handle on what is going on but I don't expect a Keynesian like yourself to begin to see it my way.
    Understanding that Keynesianism is meant to ensure the survival of capitalism does not negate my point. Deflation is bad, especially in an advanced (debt based) economy with an open immigration policy.

    We have the Feds buying $85 billion in Treasury bonds and other long-term securities every month (indefinitely) to push down long-term interest rates.
    Not exactly. They conduct asset purchases as a means of both providing liquidity and maintaining (through reverse repo OMO) the level of reserves in the banking system. Rates have been near zero since the end of 2008. Ensuring the stability of asset prices in a period dominated by uncertainty is essential in restoring normal economic growth.

    Why?
    We reside in a world where wealth dictates both power and standard of living.
    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

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    Re: CNN Poll: GOP would bear the brunt of shutdown blame [W:176:468]

    Quote Originally Posted by AlabamaPaul View Post
    You're fooling yourself if you think there is no connection between productive output and consumption as it relates to trade deficits. We, as a nation, are much better served when we produce more than we consume...
    Mercantilism is dead.

    I thought you said a nation needs to incur a trade deficit to consume outside its productive capacity?
    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

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