ECONOMICS 101 REVISITED

[jimmoyer]

LET US ALL REVISIT
ECON 101 FRESHMAN COURSE.....

Some starting rules:



1. You cannot bring about prosperity by discouraging thrift.

2. You cannot strengthen the weak by weakening the strong.

3. You cannot help small men by tearing down big men.

4. You cannot help the poor by destroying the rich.

5. You cannot lift the wage-earner by pulling down the wage-payer.

6. You cannot keep out of trouble by spending more than your income.

7. You cannot further the brotherhood of men by inciting class hatred.

8. You cannot establish sound security on borrowed money.

9. You cannot build character and courage by taking away a man’s initiative.

10. You cannot really help men by having the government tax them to do for them what they can and should do for themselves.



And then the last one of the 10 commandments, eh ?




X. Thou shalt not covet thy neighbor’s house; thou shalt not covet thy neighbor’s wife . . . nor anything that is thy neighbor’s.

 

[BitWhys]

Unrealistic Conservative Demagogary 101 is more like it.

#1 the counter-cyclical response to recession is to encourage spending.

 

[jimmoyer]

"Unrealistic Conservative Demagogary 101 is more like it. "
--------------------------BitWhys-----------------------------

Unrealistic ?
Point out one statement that is unrealistic ?

Conservative ?
It's neither. It's common sense.

Demagoguery ?
Point out which statement is demagogic other than
your own reaction ?

Your final statement does belie the truth
that the greater saving
tendencies of Japan and Europe doing not enough
to lift world wide trade.

 

[BitWhys]

#2 Anti-Trust Laws

 

[BitWhys]

Re: RE: ECONOMICS 101 REVISITED

Your final statement does belie the truth
that the greater saving
tendencies of Japan and Europe doing not enough
to lift world wide trade.

that's some sort of counterpoint?

 

[BitWhys]

Re: RE: ECONOMICS 101 REVISITED

Conservative ?
It's neither. It's common sense.

economics is supposed to be a science, not a philosophy.

 

[feronia]

And then the last one of the 10 commandments, eh ?




X. Thou shalt not covet thy neighbor’s house; thou shalt not covet thy neighbor’s wife . . . nor anything that is thy neighbor’s.

Wouldn't that make it the 11 commandments?

 

[Graeme]

feronia, it is kind of a joke. (the 11th is the bibles 10th)

 

[feronia]

Thank you. I was also being sarcastic. I'm sorry it wasn't clear.

 

[Graeme]

bitwhys I don't think you read number one properly

1. You cannot bring about prosperity by discouraging thrift.

In other words, If you are not doing well finiancially it is best to spend no more than what is necessary. (this is a slightly racist joke, but that's why there are practically no poor jewish people in canada, and hence the stereo-type)


Which by the way is the real response to an economical recession.

Bitwhys I have a feeling you have never taken an economics course.

 

[BitWhys]

that's ok

I have a feeling you've never taken a basic english course.

It says what it says. Encouraging spending discourages thrift.

 

[Graeme]

for instance our most recent www recession
was due to a lot of superfulous spending with the magical hope that it will all work out in the end, while in the mean time no viable product was produced.

 

[BitWhys]

of course it would be like a conservative to believe he can have his cake and eat it too.

 

[BitWhys]

Re: RE: ECONOMICS 101 REVISITED

for instance our most recent www recession
was due to a lot of superfulous spending with the magical hope that it will all work out in the end, while in the mean time no viable product was produced.

oh bullshit. it was because the IMF forcefed its austerity program down everybody's throat again.

 

[Graeme]

So you really haven't taken an economics course and you are of a rather impractical mindset.

It says what it says. Encouraging spending discourages thrift.

What English to English translator are you using man?

 

[BitWhys]

Personal attacks are expressly forbidden. Tackle the opinion, not the person

at least pretend to be trying to address the point, ok?

 

[Said1]

It says what it says. Encouraging spending discourages thrift.

That is does.

 

[BitWhys]

It says what it says. Encouraging spending discourages thrift.

That is does.

heh

try to rub two thoughts together and see where it get you, eh?

 

[BitWhys]

#2 will be more fun if they get the courage up. they'll have to start by pretending to not understand what I'm getting at.

 

[Said1]

It says what it says. Encouraging spending discourages thrift.

That is does.

heh

try to rub two thoughts together and see where it get you, eh?

Personal attack via innuendo. I like that. :wink: