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Thread: AIG sells $39.3 billion in assets to NY Fed's fund

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    Re: AIG sells $39.3 billion in assets to NY Fed's fund

    Quote Originally Posted by Partisan View Post
    They are doing, "God's work" after all......
    luckily, bush and congress believed paulson and bernanke.....otherwise you would be selling apples on a street corner and you would be one of the better off ones on your block.

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    Re: AIG sells $39.3 billion in assets to NY Fed's fund

    Quote Originally Posted by Jackboot View Post
    It is not simple, it never has been, it is quite complex, but you forgot to add the rest of your article..........

    " The term can thus be used to analyze how countries are managed in a system where both economic and political factors are at work. Political Economy was the original term for studying the various acts of production, buying and selling and their relations with the laws, customs and governance. It was meant to study the conditions under which production was organized in the new-born capitalist states. In a way, it could be named as branch of social science dealing with the production and distribution of goods and services and their management.
    Political Economy assumed the definition of the study of economies of polities or nation states in the 18th century. Gradually, the concept of the Physiocrats’ that land was the source of all wealth was superimposed by the labour theory of value supported by John Locke, Adam Smith and Karl Marx. Notably, Political Economy incorporates liberal, realist, Marxian and constructivist theories from political science. Starting from the 19th century, “economics” or the study of the economy replicated the term “political economy”.'
    Ummm.... Again what is your point?
    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: AIG sells $39.3 billion in assets to NY Fed's fund

    Quote Originally Posted by Jackboot View Post
    Let us examine this Adam Smith, shall we......well, as my confused friend has said, let's keep it simple....

    "The subjects of every state ought to contribute towards the support of the government, as nearly as possible, in proportion to their respective abilities; that is, in proportion to the revenue which they respectively enjoy under the protection of the state."

    Subjects, really, and this man calls himself a libertarian, are you a subject?
    I am a libertarian in every sense of the way. Because i do not fall for the same old anarcho capitalist fear mongering, you think you can question my leaning? What does Adam Smith have to do with this?
    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: AIG sells $39.3 billion in assets to NY Fed's fund

    Quote Originally Posted by Goldenboy219 View Post
    Ummm.... Again what is your point?
    The point is, you are obviously a young student, who is being taught that freedom means chains, that libertarianism means you direct the "subjects" as to what is in their best interest. You also seem to believe that the monetary system is sound, and that this ponzi scheme will never reach a painful end, am I about right so far?

    Are you a young student, let us start here?

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    Re: AIG sells $39.3 billion in assets to NY Fed's fund

    Quote Originally Posted by scottsoperson View Post
    luckily, bush and congress believed paulson and bernanke.....otherwise you would be selling apples on a street corner and you would be one of the better off ones on your block.
    I have pears as well......
    People whose livelyhood was insulated from this depression will never really get it....
    Lots of people are out of work, & those jobs are not coming back.....
    Of course the GUBMINT will grow, as it always does, until the private sector can no longer pay for it....
    Oh wait, we have already been there for quite some time & now it is poised to come to it's inexorable conclusion.....
    Maybe the Mayas were on to something after all.....
    Last edited by Partisan; 12-02-09 at 05:47 PM.

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    Re: AIG sells $39.3 billion in assets to NY Fed's fund

    Quote Originally Posted by Goldenboy219 View Post
    I am a libertarian in every sense of the way. Because i do not fall for the same old anarcho capitalist fear mongering, you think you can question my leaning? What does Adam Smith have to do with this?
    You brought him up, remember, "political economy"?

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    Re: AIG sells $39.3 billion in assets to NY Fed's fund

    Quote Originally Posted by Jackboot View Post
    The point is, you are obviously a young student, who is being taught that freedom means chains, that libertarianism means you direct the "subjects" as to what is in their best interest. You also seem to believe that the monetary system is sound, and that this ponzi scheme will never reach a painful end, am I about right so far?

    Are you a young student, let us start here?
    First and foremost, what i do in my personal life has nothing to do with this debate; your interest and desire to bring it up equals a red herring.

    So before you start putting words in my mouth such as "freedom means chains", take a step back and consider this: your behavior in this thread proves that you really do not have the slightest clue about how the economy works. If you did, you would not view the $100 trillion number with great significance.
    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: AIG sells $39.3 billion in assets to NY Fed's fund

    Quote Originally Posted by Jackboot View Post
    You brought him up, remember, "political economy"?
    I was just trying to give you a general explanation due to the fact that you were unaware of the term. You brought up Adam Smith....
    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: AIG sells $39.3 billion in assets to NY Fed's fund

    Quote Originally Posted by Goldenboy219 View Post
    First and foremost, what i do in my personal life has nothing to do with this debate; your interest and desire to bring it up equals a red herring.

    So before you start putting words in my mouth such as "freedom means chains", take a step back and consider this: your behavior in this thread proves that you really do not have the slightest clue about how the economy works. If you did, you would not view the $100 trillion number with great significance.
    Aww man, you kids today are truly sheep, this makes me sad, it really does.

    I don't understand economics, all while you parrot the line that "100 trillion dollars doesn't matter" I feel for the next generation, you have a rude awakening coming soon, very soon!

    That said, I guess my assumption was correct, you are being taught all the wrong things, first it was government schooling, now the cancer has spread to unversity......again, this is sad, I am not happy to report this, honestly, I am devastated!

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    Re: AIG sells $39.3 billion in assets to NY Fed's fund

    Quote Originally Posted by Jackboot View Post
    Aww man, you kids today are truly sheep, this makes me sad, it really does.

    I don't understand economics, all while you parrot the line that "100 trillion dollars doesn't matter" I feel for the next generation, you have a rude awakening coming soon, very soon!

    That said, I guess my assumption was correct, you are being taught all the wrong things, first it was government schooling, now the cancer has spread to unversity......again, this is sad, I am not happy to report this, honestly, I am devastated!
    Jackboot,

    I was studying Austrian theory (of which you seem to draw many of your opinions from) 6 years ago. Guess what??? It is not applicable to the real world. Everyone from Ron Paul to Peter Schiff were claiming that this crisis would result in inflation following the first wave of defaults.

    The exact opposite came to pass.

    I advise you to either make a point, or move along. Your personal attacks only devalue your reputation.
    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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