The Economy In One Sentence From The 40's

Given the current state of the economy, I thought this was amazingly interesting, especially give the fact that it was written in the 40's, yet at no point has our government gotten the message.

...the whole of economics can be reduced to a single lesson, and that lesson can be reduced to a single sentence.

The art of economics consists in looking not merely at the immediate but at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups.

This is why I am against the bailout. It's trying to solve today at the expense of tomorrow. We didn't fix any problems. We just made them last a lot longer than they would have otherwise.

From the follow up nearly 30 years later (late 70's)

Whenever there is any slowdown in business, the politicians now see the main cause as “insufficient consumer spending.

WoW! How prophetic..... Have we still not learned our lesson?

If you ready anything, please read the first part from the 40's
http://jim.com/econ/chap01p1.html

and the last part from the late 70's.
http://jim.com/econ/chap26p1.html

It's amazing how much sense it makes and how little our government actually gets it.

http://jim.com/econ/contents.html

If this doesn't open your eyes to the problems our economy faces, you can't be helped. 😛

From his Credit Diverts Production section. Again, how prophetic.

Now all loans, in the eyes of honest borrowers, must eventually be repaid. All credit is debt. Proposals for an increased volume of credit, therefore, are merely another name for proposals for an increased burden of debt. They would seem considerably less inviting if they were habitually referred to by the second name instead of by the first.

If you take nothing from this, learn this one lesson. It's changed my own life to understand that what I had was not Credit Cards, but Debt Cards.

The problem is not Government, it is WE THE PEOPLE who allow THEY the Government to continually get away with all the shit they force down our throats.

They only have the power to do what they do because were to lazy to get off our fat collective asses and do something about it.

And until the day comes when WE THE PEOPLE rise back up and retake our nation for our selves, all you can do is ask for mayonnaise before they give you another heaping of shit.

I hope to GOD that someday before I die there is a second revolution, and I see the restructuring of government brought about by gallows pole, knife, gun and pitch fork!

The problem is TOO much government. Let the private sector run itself. Keep taxes low and let capitalism work.

I agree the bailout was a total waist. They won't even force the unions to take cuts or anything to improve the businesses. It is a total lost. Bush totally dropped the ball here.

One of the largest problems is government wants to throw money at everything hoping it will fix the problem, it doesn't.

One example:
We spend an average of $18,000 per child per year in public schools and people think we need more. NO, we need individual responsibility of the schools and teachers. Privatize the public schools, put the money voucher out there so people can send their child wherever they want. For 18K you can send them almost anywhere.

Even if students have to attend certain schools, if a school does poorly, they can be put out of business if they fail to meet certain criteria. They will lose their Government contracts. Let the capitalist system weed them out.

Personal responsibility is the key to repairing a lot of issues. If you cannot afford that house, sell it! If you cannot pay your credit cards, do not give them more credit! It seems like this is the case but there are always ways to get it and get further in debt.

Here in Pittsburgh we had a mayor (Sofie) that was an idiot. But one thing she did right was to privatize the Zoo, Aviary etc.. They were in very bad shape. After they went private they are all doing very well.

Hell our county started a drink tax of 10% added to every poured drink. This money was supposed to go strictly to the PAT authority, our local public transit service. So a lot of smaller bars and clubs went out of business or are hurting. But it is for the greater good right. So we get an excess amount of money so they started talking, where to spend it. Even with that we still have shitty service, and threats of strikes. There is no other company allowed to compete!!!! This is where I have a problem, let another company come in and add routes and compete!! Now they are talking about reducing it but come on...

Just like electric, gas and cable. I understand that some utilities are a huge infrastructure and it is harder but you get the idea.

First I want to confim that I am not interested in mixing in your "guys" political issues, but these issues are a global phenomena, as I see it and as such I will state my point of view :

They would seem considerably less inviting if they were habitually referred to by the second name instead of by the first.

"Call the child by its name." The first step to a responsible political attitude. Very unpopular. We are used to being lied at.

They only have the power to do what they do because were to lazy to get off our fat collective asses and do something about it.

That is what I think is the biggest obstacle. We as humans tend to be "lazy" not only in a physical way but - and I can see it when I reflect on myself looking for ways of evitating any additonal effort to get to the core of problems - rather in the "art" of thinking or not thinking at all.

One of the largest problems is government wants to throw money at everything hoping it will fix the problem, it doesn't.

One example:
We spend an average of $18,000 per child per year in public schools and people think we need more. NO, we need individual responsibility of the schools and teachers.

For years we as a civilization are - looked at with the help of a Sinus-Cosinus curve - at heavy decline. With all the knowledge we have what is it that children - that have to grow up way to fast - learn in school?

Money should be nothing by itself. It is an "instrument" to make exchange of values and goods easier. The actual sense of money has been alientated. And that is why banks e.g. that are not producing anything but should fullfill their duty to provide the ppl with money when and whereever it is needed are bailed out. That is ridiculous.
Money is also the easiest way to manipulate.

As much as I wanted to encourage conversation, I was hoping a few of you would read the info. It's very eye opening to say the least.

Duck, I am as anti-authoritarian as the next Montanan, but if there is ever a revolution in America like you speak, we fooked. We don't need a military coup.

.

Uh oh..... I got the period treatment.... 😛

Atomm wrote:Uh oh..... I got the period treatment.... 😛

Is that some kind of try to get you pierced???
Duck has something in common with Mel Gibson, I am just not sure what exactly?

It won´t be a lot of a help, but I read at least the first and the last bulletin. Like his idea but have to go more into details & check with german conditions which is somewhat time intensive. I will certainly talk about this with my father. He was a steel union member of the board and did not like what some of them so called ceiling agreements ("Rahmenabkommen") ended up with. It is a luxury to be able to talk to elder ppl that have a first hand experience.

Atomm wrote:Uh oh..... I got the period treatment.... 😛

No Duck is just on his period.

Bubbaspanky wrote:No Duck is just on his period.

Even tho. Nobody thinking rationally could ever be so naiv and believe in a violent revolution as a means of changing SOCIETY on the long run. Its inside ppl´s heads what has to be changed not their bodies.


I did not think you were serious about that, Duck.

Saint in case you are not aware, when a post is edited (actually 3 times) and replaced with just a "." the poster has decided better of what was said and deleted the whole reply.


And yes Saint, I am deadly serious about wanting to see a deadly uprising for a complete new government, a do over, reverting back to a small government for the people by the people.
What we have now is a joke that is no longer funny.
If it means lives lost in the battle to revert back to our original roots, so be it.

It has to start some time, now is as good a time as ever.

Duck wrote:Saint in case you are not aware, when a post is edited (actually 3 times) and replaced with just a "." the poster has decided better of what was said and deleted the whole reply.


And yes Saint, I am deadly serious about wanting to see a deadly uprising for a complete new government, a do over, reverting back to a small government for the people by the people.
What we have now is a joke that is no longer funny.
If it means lives lost in the battle to revert back to our original roots, so be it.

It has to start some time, now is as good a time as ever.

No actually I was not aware of it. Thanks for the info.

I am shocked about what you want to risk. I mean it is ok to risk ones own life - tho in your case I would be really really sorry - but all the others....

Your goal is legitimate but the means are no means by which you would achieve that goal IMO. "Just" eliminating - I mean far too many ppl would have to go that way - and ppl when they are not mentally ripe man - you can´t simply force them to be. However "good" the reasons are you have.


What you want is a reverse. ok. But by forcing that on ppl it generates a counter movement that even if - and I doubt that - all of the different thinking ppl - or call them "enemies"(which are furthermore a majority) - would have been eliminated - is not going to cease. Or/and other nations would probably mingle. In any case the outcome is VERY questionable. Questionable because of the NUMBER of ppl that are your alies. Would you like to risk the lives of the ones thinking like you and face loosing them and your goal?

A different situation would be if the majority would be on your side and the whole thing is merely a "make-up" operation just to get rid of an deprecated elite and get them out of their political positions. I don´t see that situation given.

Life is much too precious to just waste it. You sound to me a lot like a martyr and that is a crying shame. A man with your brains. How come you are just so easily willing to throw it away? Did you think about the possibility to reach more if you stay alive and try to convince ppl with words? Oh Duck...that makes me all too sad

Something tells me that Duck has LOTS of land and LOTS of guns.
Now all he needs are some followers!


J/K man..... No honest I am.......
😀

I live on Ruby Ridge.

Duck wrote:I live on Ruby Ridge.

So that is why health insurance does not seem to play a mayor role anymore ;D

To help the lost and lazy folks get back on track here and give them at least a chance to snatch a glimpse of the idea - a link to a podcast.
Click and just lean back and listen. Do not worry about using your eyes on that one.
Let your ears do the job. The brain - if there is some - will do the rest.:=)

January 7, 2009:"Madoff for social Security commissioner" featuring Michael D. Tanner

Saint, you have to realize that Revolution is ingrained in us as American's. This country was founded by a revolution for all the right reasons. Somewhere along the way, it became twisted. I agree something needs to change, but force in this day and age is not the answer. It would make things worse by making the whole world unstable. If there was a revolution in America, I really believe our enemies would take that as an opportunity to do us harm.

Atomm wrote:

Yes, that would be when your country would be at its most vulnarable point.

I am sure the States were founded for all the right reasons, Atomm. Its just that history shows us that civil wars only seldom lead to the goal strived for. It would be a great damage for the country you love so much - not to talk about the human losses - and for me it is simply unthinkable. My mind refuses to go there. Before THAT could happen every other possible alternative should have been taken into consideration. Revolution would be the last option IMO.