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The Economist - "Inequality or middle incomes: which matters more?"

Discussion in 'Economics & Trade' started by LafayetteBis, Jan 10, 2017.

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  1. Longshot

    Longshot Well-Known Member

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    And you said it was inefficient. How was it inefficient?
     
    Longshot, Jun 15, 2017
    #276
  2. TedintheShed

    TedintheShed Banned

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    He's not a free market guy, he is a fledgling neo-chartalist.
     
    Last edited: Jun 15, 2017
    TedintheShed, Jun 15, 2017
    #277
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  3. james M

    james M Banned

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    a banker in one town had to guess at value of currency from another town so the towns could trade. Welcome to your ABC's.
     
    james M, Jun 15, 2017
    #278
  4. james M

    james M Banned

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    I'd say a free market guy. If you disagree please say why or admit you cant.
     
    james M, Jun 15, 2017
    #279
  5. Longshot

    Longshot Well-Known Member

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    So it was handled in such a way the prevented any unemployment or loss of production?
     
    Longshot, Jun 15, 2017
    #280
  6. Longshot

    Longshot Well-Known Member

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    You object to a free market in money. Not a free market guy.
     
    Longshot, Jun 15, 2017
    #281
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  7. Longshot

    Longshot Well-Known Member

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    How is this inefficient? Isn't that a banker's job?
     
    Longshot, Jun 15, 2017
    #282
  8. TedintheShed

    TedintheShed Banned

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    Are you a Republican that believes in a strong military?
     
    TedintheShed, Jun 15, 2017
    #283
  9. james M

    james M Banned

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    yes and????????????
     
    james M, Jun 15, 2017
    #284
  10. james M

    james M Banned

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    bankers job to guess at the relative value of 2000 currencies with little to no information to go on??? Wrong!!! if they were in that situation they would lobby for one currency because it is far more efficient for an economy.Welcome to your ABC's
     
    james M, Jun 15, 2017
    #285
  11. james M

    james M Banned

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    not really your call, Friedman was know as perhaps the greatest free market guy ever and he supported central banking. A free market in money might have worked out in time but we'll never know since the probably of going back and climbing that learning curve is far less than 0%
     
    james M, Jun 15, 2017
    #286
  12. james M

    james M Banned

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    don't be goofy no economy has ever been handled that way. Do you know what a straw man is??
     
    james M, Jun 15, 2017
    #287
  13. TedintheShed

    TedintheShed Banned

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    Republican (authoritarian)? Check.

    Believes in a strong military (what backs neo-chartalism)? Check.

    Supports a fiat based centralized bank? Check.

    You are a neo-chartalist.

    Not free market
     
    Last edited: Jun 15, 2017
    TedintheShed, Jun 15, 2017
    #288
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  14. Longshot

    Longshot Well-Known Member

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    So you object to a free market in money, and you claim to be for the free market?
     
    Longshot, Jun 15, 2017
    #289
  15. Longshot

    Longshot Well-Known Member

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    So it the bust of 2008 wasn't trivial, as it resulted in massive unemployment and decreases in production. Your contention that booms and busts have been eliminated is incorrect.
     
    Longshot, Jun 15, 2017
    #290
  16. james M

    james M Banned

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    significant booms and busts have been largely eliminated in USA China Europe based on huge and growing experience with monetary policy
     
    james M, Jun 15, 2017
    #291
  17. james M

    james M Banned

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    yep me an Milton!! I don't object to a free market in money in theory but going back would cause huge recessions and depressions as we learned how to manage it plus there is less than 0% support for it so it is really not worth considering.
     
    james M, Jun 15, 2017
    #292
  18. Longshot

    Longshot Well-Known Member

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    A banker, if he thought it would be more efficient, could refuse to deal with 2000 currencies. He could insist on accepting one, two, or three specific currencies. If he thought that would be more efficient.
     
    Longshot, Jun 15, 2017
    #293
  19. Longshot

    Longshot Well-Known Member

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    Except for the dot-com bubble and the 2008 housing bubble.
     
    Longshot, Jun 15, 2017
    #294
  20. Longshot

    Longshot Well-Known Member

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    So you're not for a free market in money. We hear that.

    "but going back would cause huge recessions and depressions as we learned how to manage it"

    Why?
     
    Longshot, Jun 15, 2017
    #295
  21. james M

    james M Banned

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    why??? because we have no magic want to wipe out current system, agree to new one, establish new one, and instantly gain 100 years of experience with it. Welcome to your Abc's
     
    james M, Jun 15, 2017
    #296
  22. Longshot

    Longshot Well-Known Member

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    And this is your stance with regards to all government interference in the market? We should continue it because we have no magic wand?
     
    Last edited: Jun 15, 2017
    Longshot, Jun 15, 2017
    #297
  23. james M

    james M Banned

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    all?????????we are talking about money only
     
    james M, Jun 15, 2017
    #298
  24. Longshot

    Longshot Well-Known Member

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    And this is your stance with regards to government interference in money? We should continue it because we have no magic wand?
     
    Longshot, Jun 15, 2017
    #299
  25. TedintheShed

    TedintheShed Banned

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    I don't think he realizes that you can't be pro Fed and still be considered pro free market.
     
    TedintheShed, Jun 15, 2017
    #300
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