—“Debunking Paul Krugman is a little like beating up the special ed kid”– Joe Redtree
Source date (UTC): 2018-09-05 14:09:15 UTC
Original post: https://twitter.com/i/web/status/1037341894093754368
Category: Economics, Finance, and Political Economy
-
The Past Century in A Nutshell
[T]he 1920’s were grand because we immigrated vast underclasses in the postwar era, and used fiat money to give them credit. We transferred world financial control from London to New York. The 30’s were terrible because of the crash produced by our experiment with immigration, fiat money, and absorbing vast underclasses no longer able to find work. Worse, the mechanization of farming was complete meaning that while the majority of the work force had been engaged in domestic service and agrarian production one generation previously, and the combination of immigrants ending of farming as a means of subsistence production. The 40’s was odd because we were able to use the war to move displaced farmers and immigrants into relatively low skilled high volume labor. This served as a retraining of those under, laboring, and working classes via apprenticeship (job training). The 50s were amazing because the entire industrialized world had committed self destruction, leaving american workers able to charge high prices for mediocre goods produced in volume. The fiat money made it possible. the 60’s was the outcome of raising the children of those workers into the middle class rates of consumption. The 70s was the reversal of the postwar privilege of the us economy, particularly the oil crisis that ended it. The 80’s was the era of using fiat dollars to topple world communism before it could do even more harm, and the equilibration of workers incomes with european civilization. The 90’s was the era of the cheap prices on consumer goods due do the end of communism world wide and the entry of billions into the worldwide economy. The 2000’s was the period of shock as we politically economically and financially adapted to our declining status. The 2010’s are the period of retrenchment as our political, economic, and financial influence in the world wanes and the pre-war- balance of powers is restored. PEOPLE THINK POLICY MATTERS. WE ARE FLOATING ON AN OCEAN OF THE WORLD ECONOMY. IN THE END ONLY DEMOGRAPHICS MATTER.
-
The Past Century in A Nutshell
[T]he 1920’s were grand because we immigrated vast underclasses in the postwar era, and used fiat money to give them credit. We transferred world financial control from London to New York. The 30’s were terrible because of the crash produced by our experiment with immigration, fiat money, and absorbing vast underclasses no longer able to find work. Worse, the mechanization of farming was complete meaning that while the majority of the work force had been engaged in domestic service and agrarian production one generation previously, and the combination of immigrants ending of farming as a means of subsistence production. The 40’s was odd because we were able to use the war to move displaced farmers and immigrants into relatively low skilled high volume labor. This served as a retraining of those under, laboring, and working classes via apprenticeship (job training). The 50s were amazing because the entire industrialized world had committed self destruction, leaving american workers able to charge high prices for mediocre goods produced in volume. The fiat money made it possible. the 60’s was the outcome of raising the children of those workers into the middle class rates of consumption. The 70s was the reversal of the postwar privilege of the us economy, particularly the oil crisis that ended it. The 80’s was the era of using fiat dollars to topple world communism before it could do even more harm, and the equilibration of workers incomes with european civilization. The 90’s was the era of the cheap prices on consumer goods due do the end of communism world wide and the entry of billions into the worldwide economy. The 2000’s was the period of shock as we politically economically and financially adapted to our declining status. The 2010’s are the period of retrenchment as our political, economic, and financial influence in the world wanes and the pre-war- balance of powers is restored. PEOPLE THINK POLICY MATTERS. WE ARE FLOATING ON AN OCEAN OF THE WORLD ECONOMY. IN THE END ONLY DEMOGRAPHICS MATTER.
-
Degrees Creating a Serf Class
Tue, 04 Sep 2018 17:48:34 GMT
—“Issuing guaranteed loans that can never be discharged to the cognitively deficient, mass producing baristas with $100k degrees, has effectively created a serf class out of what could have been productive lower middle-middle class workers with apprenticeships and vocational preparation. If that’s not moral hazard I’m not sure what is.”—Joseph Smith
-
Degrees Creating a Serf Class
Tue, 04 Sep 2018 17:48:34 GMT
—“Issuing guaranteed loans that can never be discharged to the cognitively deficient, mass producing baristas with $100k degrees, has effectively created a serf class out of what could have been productive lower middle-middle class workers with apprenticeships and vocational preparation. If that’s not moral hazard I’m not sure what is.”—Joseph Smith
-
“Issuing guaranteed loans that can never be discharged to the cognitively defici
—“Issuing guaranteed loans that can never be discharged to the cognitively deficient, mass producing baristas with $100k degrees, has effectively created a serf class out of what could have been productive lower middle-middle class workers with apprenticeships and vocational preparation. If that’s not moral hazard I’m not sure what is.”—Joseph Smith
Source date (UTC): 2018-09-04 13:48:00 UTC
-
Break up The Monopolies
—“These companies have to be broken up just like Teddy Roosevelt broke up the trusts. These [companies] are run by sociopaths,” he said. “These people are complete narcissists. These people ought to be controlled, they ought to be regulated.” “These people are evil. There is no doubt about that.”— Steve Bannon
-
Break up The Monopolies
—“These companies have to be broken up just like Teddy Roosevelt broke up the trusts. These [companies] are run by sociopaths,” he said. “These people are complete narcissists. These people ought to be controlled, they ought to be regulated.” “These people are evil. There is no doubt about that.”— Steve Bannon
-
Connecticut is America’s Greece
From: @NedLamont —“I believe in Connecticut. I believe we’re a state of boundless potential and unparalleled natural beauty, with some of the brightest, hardest-working people you could ever meet.”— 1) You can believe what you want Ned but this is a nearly unsolvable problem unless you restructure or default on the accumulated (parasitic rent-seeking) by government employee unions that have left the state insolvent and the need to feed them driven every viable business out. 2) Connecticut was (thanks to the ideology provided by Yale, Trinity, and Wesleyan and the huge post war working class population) the most successful at copying the soviet model, and the resettlement of underclasses has destroyed the livable and affordable cities. 3) So now, CONNECTICUT = EUROPE’S GREECE. We have few tax paying and tax generating people, we have a vast working and underclasses, and we have driven out the entrepreneurial classes, and taxed companies such that high capital investment is impossible. 4) We have no substantial technical university as does mass and california. No high IQ population outside of the NYC nexus. No high IQ industries of scale. None that generate entrepreneurship as do MIT and Stanford). And our major university is in the wilderness. 5) Because of these policies our cities are right behind Detroit and Baltimore in their lifecycle and our once lovely small towns either destroyed by resettlement (Middletown and Bloomfield in particular) or starved of anything other than bedroom communities. 6) I haven’t operated a business in Harford in two decades (I had one of the larger civic center spaces) but it was like living in a terrorist zone then and it isn’t much better now. Hartford is dead at night and for good reason. The entire 91 corridor is a wasteland. 7) I feel safer in rural ukraine on the border with russia and the war going on than I do in hartford, meriden, new britain, north haven, new haven, bridgeport, waterbury and danbury. I mean. everything within ten miles of 91, and 95 west of westport is a slum with class and race warfare. 8) This is one of the worst states to live in. And its second to California in hostility to business – and we don’t have their climate. So all the good intentions mean nothing without the money by end the accumulated Greek-like parasitism of the bureaucratic class on the people. —“@SaveCTdotORG: Connecticut State debt per person $23k, population decline esp. high earners fleeing, state economy has contracted in real terms since 2010. Pension and interest expense, already 31% of the budget, will quadruple over the next decade. CT is broke and in a death spiral unless we elect Bob”— That’s where I am too. There is no mechanism for a state to go bankrupt and we are best off testing and possibly creating that possibility in federal law. This state is in even worse condition than Illinois, we just don’t have our MANY bad cities in the news as much as Chicago.
-
Connecticut is America’s Greece
From: @NedLamont —“I believe in Connecticut. I believe we’re a state of boundless potential and unparalleled natural beauty, with some of the brightest, hardest-working people you could ever meet.”— 1) You can believe what you want Ned but this is a nearly unsolvable problem unless you restructure or default on the accumulated (parasitic rent-seeking) by government employee unions that have left the state insolvent and the need to feed them driven every viable business out. 2) Connecticut was (thanks to the ideology provided by Yale, Trinity, and Wesleyan and the huge post war working class population) the most successful at copying the soviet model, and the resettlement of underclasses has destroyed the livable and affordable cities. 3) So now, CONNECTICUT = EUROPE’S GREECE. We have few tax paying and tax generating people, we have a vast working and underclasses, and we have driven out the entrepreneurial classes, and taxed companies such that high capital investment is impossible. 4) We have no substantial technical university as does mass and california. No high IQ population outside of the NYC nexus. No high IQ industries of scale. None that generate entrepreneurship as do MIT and Stanford). And our major university is in the wilderness. 5) Because of these policies our cities are right behind Detroit and Baltimore in their lifecycle and our once lovely small towns either destroyed by resettlement (Middletown and Bloomfield in particular) or starved of anything other than bedroom communities. 6) I haven’t operated a business in Harford in two decades (I had one of the larger civic center spaces) but it was like living in a terrorist zone then and it isn’t much better now. Hartford is dead at night and for good reason. The entire 91 corridor is a wasteland. 7) I feel safer in rural ukraine on the border with russia and the war going on than I do in hartford, meriden, new britain, north haven, new haven, bridgeport, waterbury and danbury. I mean. everything within ten miles of 91, and 95 west of westport is a slum with class and race warfare. 8) This is one of the worst states to live in. And its second to California in hostility to business – and we don’t have their climate. So all the good intentions mean nothing without the money by end the accumulated Greek-like parasitism of the bureaucratic class on the people. —“@SaveCTdotORG: Connecticut State debt per person $23k, population decline esp. high earners fleeing, state economy has contracted in real terms since 2010. Pension and interest expense, already 31% of the budget, will quadruple over the next decade. CT is broke and in a death spiral unless we elect Bob”— That’s where I am too. There is no mechanism for a state to go bankrupt and we are best off testing and possibly creating that possibility in federal law. This state is in even worse condition than Illinois, we just don’t have our MANY bad cities in the news as much as Chicago.