WC your snitty was five minutes before I could post a snitty. Five you can be a Alpha Female if you promise not to paint anything pink. WC have you noticed that women rarely sink to the level of degragration and insults that the Y group does?
The Collapse of Globalism, JR Saul, Book Review
- Thread starter dumpthemonarchy
- Start date
Sassylassie said:
Sassy .... a confession
I have had to learn the hard way - die hard dislike for three people I have met on forums. Will never repair nor do I want to. Didn't enhance my worth or esteem at all at all...therefore a waste of my time and didn't care if their time was wasted or not.
Now I take a break to vacuum my head!
Re: RE: The Collapse of Globa
As the OECD defines it in this comparison, yes they are.
BitWhys said:
As the OECD defines it in this comparison, yes they are.
Re: RE: The Collapse of Globa
From Voltaire's Bastards, published 1992
p10 "As they turned, the second crisis struck, in the form of economic failure. That depression has been with us nineteen years. ...
This depression, of proportions as great if not greater than that of the 1930s, still engulfs us. None of our governments appear to have any idea of how to end it."
And that was the first reference to the word "depression" in the index.
Should I go on?
BitWhys said:
From Voltaire's Bastards, published 1992
p10 "As they turned, the second crisis struck, in the form of economic failure. That depression has been with us nineteen years. ...
This depression, of proportions as great if not greater than that of the 1930s, still engulfs us. None of our governments appear to have any idea of how to end it."
And that was the first reference to the word "depression" in the index.
Should I go on?
Re: RE: The Collapse of Globalism, JR Saul, Book Review
Except that you brought up the balance sheet by comparing it to the income statement, or at least that's what I think you were doing when you wrote this.
You cannot look at the right hand side of any balance sheet without looking at the left hand side to understand the context.
You have no issue with me saying that growth would have been slower without deficit spending. I have always felt that we borrowed from the future to pay for the present. But it is invalid to subtract debt from from GDP and say that GDP would have been GDP minus debt. For example, the economy began to turn in 2003 during the month of Bush's big tax cut. The Right has always used that as validation for the tax cuts, except that the effects of tax cuts are lagged. So the economy was turning before the tax cuts took effect.
There's no question that government spending has increased the GDP. But deficit spending is what you want in a recession, right? Isn't that what the Left tells us? Isn't that what Keynes taught us all?
And BTW, government spending grew at a 3.5% annualized pace from 1945-1975 compared to 2.5% since.
You did not, and I stand corrected.
BitWhys said:
Except that you brought up the balance sheet by comparing it to the income statement, or at least that's what I think you were doing when you wrote this.
BitWhys said:
You cannot look at the right hand side of any balance sheet without looking at the left hand side to understand the context.
BitWhys said:
You have no issue with me saying that growth would have been slower without deficit spending. I have always felt that we borrowed from the future to pay for the present. But it is invalid to subtract debt from from GDP and say that GDP would have been GDP minus debt. For example, the economy began to turn in 2003 during the month of Bush's big tax cut. The Right has always used that as validation for the tax cuts, except that the effects of tax cuts are lagged. So the economy was turning before the tax cuts took effect.
There's no question that government spending has increased the GDP. But deficit spending is what you want in a recession, right? Isn't that what the Left tells us? Isn't that what Keynes taught us all?
And BTW, government spending grew at a 3.5% annualized pace from 1945-1975 compared to 2.5% since.
BitWhys said:
You did not, and I stand corrected.
BitWhys said:
Of couse he did.
And name dropping.
Hey, I can play that game too.
I've had a few conversations with one of the people beaver quoted.
BitWhys said:
You betcha.
Re: RE: The Collapse of Globalism, JR Saul, Book Review
mmm
not really. not when employment isn't the problem. that's why the it didn't work during the oil price driven stagnation of the 70s. the US wasn't the only one to figure that one out too late. Trudeau was banging the drum big time, too.
however, perhaps its timely now. I used to get frustrated but now I just get amused when all the "good news" rolls out but no one in charge mentions the tab. or its influence.
Toro said:
mmm
not really. not when employment isn't the problem. that's why the it didn't work during the oil price driven stagnation of the 70s. the US wasn't the only one to figure that one out too late. Trudeau was banging the drum big time, too.
however, perhaps its timely now. I used to get frustrated but now I just get amused when all the "good news" rolls out but no one in charge mentions the tab. or its influence.
Sassy/Beav
Not enough up there for a Dirt Devil even Sassy.....I use a Roomba
- just lie down and let it sweep over the head....it's fun to watch creeping around the chairs and carpeting....I think it has more brains than I do!
Not enough up there for a Dirt Devil even Sassy.....I use a Roomba
- just lie down and let it sweep over the head....it's fun to watch creeping around the chairs and carpeting....I think it has more brains than I do!
Toro said:
well actually I didn't mean he told me personally. he wrote it. In Voltaire's Bastards. I was assuming you'd catch the reference. Kind of. tell you the truth I was assuming you'd miss that point which is unfortunate since its much closer to what the book was really about.
Toro said:
heh
figures
RE: The Collapse of Globa
I have a natural vaccum myself, it's more environmentally safe, it's a renewable empty head.
I have a natural vaccum myself, it's more environmentally safe, it's a renewable empty head.
Re: RE: The Collapse of Globa
nah that's alright. you saw my list. I forgot to mention Nixon floating the dollar because they were out of gold and when JRS wrote that the US was once again using its one tried and true method of turning the economy around.
Kuwait.
maybe it was overstated, but I don't. don't forget he was speaking in global terms, not just the Western economy and even that wasn't anything to brag about. It was one downturn after another.
Toro said:
nah that's alright. you saw my list. I forgot to mention Nixon floating the dollar because they were out of gold and when JRS wrote that the US was once again using its one tried and true method of turning the economy around.
Kuwait.
maybe it was overstated, but I don't. don't forget he was speaking in global terms, not just the Western economy and even that wasn't anything to brag about. It was one downturn after another.
RE: The Collapse of Globa
but if I recall properly I seem to recall he justifies calling it a depression by demonstrating that even though the high level numbers look good, a lot of that was paper (eg. Asian Bubble) and a lot of that was bled out of the middle class.
but if I recall properly I seem to recall he justifies calling it a depression by demonstrating that even though the high level numbers look good, a lot of that was paper (eg. Asian Bubble) and a lot of that was bled out of the middle class.
RE: The Collapse of Globa
I used to be middle class untill the uncontroled bleeding started to get out of control.
I used to be middle class untill the uncontroled bleeding started to get out of control.
