Search found 12 matches
- Tue Jul 10, 2012 11:43 am
- Forum: Finance and Economics
- Topic: How long will the euro last?
- Replies: 42
- Views: 1912
Re: How long will the euro last?
This was a major feature of the economic policy of early Mesopotamian civilizations. Sumerians and Babylonians realized that in their economy people would run up debts they could not reasonably pay, and rather than turn out smallholders for borrowing to buy seed (or what have you) they absolved all...
- Tue Jul 10, 2012 11:38 am
- Forum: Finance and Economics
- Topic: Financial Scams
- Replies: 129
- Views: 11936
Re: Financial Scams
Colonel, Not clear to me what steelworkers and firemen have to to with anything. I apologize for my inaccurate off the cuff metonym. I used it because it means to me what it means to everyone, you included according to your obvious interpretation of it. The labor movement. What the labor movement ha...
- Tue Jul 10, 2012 11:09 am
- Forum: Finance and Economics
- Topic: Financial Scams
- Replies: 129
- Views: 11936
Re: Financial Scams
Ibrahim, Let's see. I said, "They're both right. Everyone is corrupt. Mr. Perfect is more right, because only the government can change the rules of the game. Capitalists have to die by what they lived by, without government help." And you said, "Laughable. The ability of capitalists ...
- Mon Jul 09, 2012 8:54 pm
- Forum: Finance and Economics
- Topic: Financial Scams
- Replies: 129
- Views: 11936
Re: Financial Scams
Ammianus, It seems however, we have largely broken the historian's model of anacyclosis. Rather than going into the ochlocric and monarchic aspects that are supposedly de rigeur, we are directly stumbling into an oligarchic la la land I disagree. (And I specifically reference Juggernaut Nihilism abo...
- Sun Jul 08, 2012 2:15 am
- Forum: Finance and Economics
- Topic: Financial Scams
- Replies: 129
- Views: 11936
Re: Financial Scams
They're both right. Everyone is corrupt. Mr. P. is more right, because only the government can change the rules of the game. Capitalists have to die by what they lived by, without government help. The point of democracy, in fact, is to make corruption automatically self punishing. (Like capitalism d...
- Sat Jul 07, 2012 1:09 pm
- Forum: Finance and Economics
- Topic: How long will the euro last?
- Replies: 42
- Views: 1912
Re: How long will the euro last?
I have long defended that only an universal debt pardon would solve the present crisis. But our financial overlords do not want to accept that. In the case of this topic, it would be "our financial overlords" who would be receiving the pardon. The bankers and the government regulators wou...
- Fri Jul 06, 2012 11:10 pm
- Forum: Finance and Economics
- Topic: How long will the euro last?
- Replies: 42
- Views: 1912
Re: How long will the euro last?
It will last in this form until its weakest government can no longer continue within it, because I doubt that the eurozone can conjure the will (or has the desire) for either greater union, endless transfers from the north to the south, or real austerity. Which will fall and when will it fall? The d...
- Fri Jul 06, 2012 9:21 pm
- Forum: Finance and Economics
- Topic: Financial Scams
- Replies: 129
- Views: 11936
Re: Financial Scams
The total value of all existing capital is something like $150 trillion, according to the IMF. Zillow says the value of all US real estate is $25 trillion or so. Let's say the US represents one sixth of the value of all real estate in existence. So, the total value of all long term savings, capital,...
- Fri Jul 06, 2012 8:59 pm
- Forum: North America | Canada; USA; Mexico
- Topic: Walter Williams's Social Security Solution
- Replies: 16
- Views: 531
Re: Walter Williams's Social Security Solution
Forty acres is forty acres. It doesn't matter if the recipients live there themselves. Plenty will sell it to logging concerns, mining concerns, survivalists, digital age frontiersmen or whoever. (I'd take mine in Nevada. It might be a desert, but I can get an air conditioner and a solar panel.) But...
- Fri Jul 06, 2012 12:07 pm
- Forum: North America | Canada; USA; Mexico
- Topic: Walter Williams's Social Security Solution
- Replies: 16
- Views: 531
Re: Walter Williams's Social Security Solution
Good idea.
I'd accept that. And it would spur economic development.
But it won't happen because it would hurt land prices.
I'd accept that. And it would spur economic development.
But it won't happen because it would hurt land prices.
- Fri Jul 06, 2012 4:49 am
- Forum: Finance and Economics
- Topic: Gloom, Doom, or Boom? Finance and Economics
- Replies: 989
- Views: 121291
Re: Gloom, Doom, or Boom? Finance and Economics
Like the rest of the BRICs, China is and always will be the country of the future. That is their shared trait. They always do extremely well, enough to terrify the first world... Until the boosts in productivity offered by cheap technology can no longer overcome the deep cultural, political, and geo...
- Fri Jul 06, 2012 3:45 am
- Forum: This Forum
- Topic: Welcome to the OTNOT Forum
- Replies: 145
- Views: 30293
Re: Welcome to the OTNOT Forum
I have been busy. But my work is now done.
I am Alph.
I am Alph.