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Small Government - A Trump Goal - Apparently

muhammad_isa

Veteran Member
Interest rates are determined to some extent by
government, & to some extent by the market.
They are determined by human beings!
Playing with interest rates is not the only way to control growth/inflation .. it is the preferred method
of the wealthy (G7), as it enriches them further.

This does not only serve as a 'colonial trick' further impoverishing poorer nations, but also
impoverishes poorer people in your own nation.
eg. house repossessions

You offer no better method.
A poor excuse .. do I really need to explain what real trade is?
i.e. exchange of goods
 

Revoltingest

Pragmatic Libertarian
Premium Member
They are determined by human beings!
Correct.
Playing with interest rates is not the only way to control growth/inflation .. it is the preferred method
of the wealthy (G7), as it enriches them further.

This does not only serve as a 'colonial trick' further impoverishing poorer nations, but also
impoverishes poorer people in your own nation.
eg. house repossessions


A poor excuse .. do I really need to explain what real trade is?
i.e. exchange of goods
With no better alternative,
I'll stick with capitalism.
 

Twilight Hue

Twilight, not bright nor dark, good nor bad.

muhammad_isa

Veteran Member
If you're determined to see only woe
in capitalism, there's no point in
discussing it or other systems.
Of course there is point in discussing it. Many people see capitalism in the wrong light.

For example, if you go to a poorer Muslim country, you see lots of small businesses.
That's not the result of capitalism.

Capitalism relies on guess what .. CAPITAL .. and the result of the usurious system produces
monopolies like Mc Donalds and Walmart, crushing small businesses into the dust. :expressionless:

You say you see no alternative to capitalism, but what you really mean is that you are happy
with a usurious financial system that severely skews wealth to a minority.
If that is NOT the case, then what do YOU propose??
 

Revoltingest

Pragmatic Libertarian
Premium Member
Of course there is point in discussing it. Many people see capitalism in the wrong light.

For example, if you go to a poorer Muslim country, you see lots of small businesses.
That's not the result of capitalism.
Hoo boy...are we not on the same page.
Capitalism relies on guess what .. CAPITAL .. and the result of the usurious system produces
monopolies like Mc Donalds and Walmart, crushing small businesses into the dust. :expressionless:

You say you see no alternative to capitalism, but what you really mean is that you are happy
with a usurious financial system that severely skews wealth to a minority.
If that is NOT the case, then what do YOU propose??
I've nothing to add.
 

metis

aged ecumenical anthropologist
Just last month I drove by state workers seal patching a 5 foot long x 3 foot wide strip of the shoulder. (Saw the finished work they all did as I went back by that evening).

There were 3 dump trucks, 3 four door pickups and 10 workers.

A private company would have sent one dump truck w/driver with the patch/seal and one pickup with two workers, tools and signs/cones.

Our son is a cement contractor, and what you post above is likely misunderstood. When dealing with cement, waiting for trucks and having work divided up is the norm.

Noted economist John Maynard Keynes said that it is better to have workers dig holes and fill them up again than be unemployed earning no paycheck. And then there's the "multiplier effect".

Back in the late 1990's, the Swedish minister of economics was asked how he helped elevate Sweden out of a recession, his answer was two words: "Higher taxes". If one understands basic macro-economics, this can make sense.

Have you ever been unemployed? If so, what did it feel like? How did your family deal with it? Yes, it's sometimes a fact of life for most of us, but a responsible government tries to create full employment even though that is impossible in a capitalistic economy. IMO, the Nordic Model best deals with this as it does create some cradle to grave security without having the government dominating free enterprise.

 

Revoltingest

Pragmatic Libertarian
Premium Member
Noted economist John Maynard Keynes said that it is better to have workers dig holes and fill them up again than be unemployed earning no paycheck. And then there's the "multiplier effect".
The Keynes argument ignores the fact that money
paid to people doing useless "make work" had been
taken from taxpayers. It's money they lost, & can no
longer spend, causing economic loss to both to them
& to the businesses they'd buy from. This is the other
side of the "multiplier effect". The "subtraction effect"?

Lefty economics:
Look only at the intended good.
Ignore any bad consequences.
 
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