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[quote]Yes, if the immigrants had a lower time preference, that is, if they saved more than they consumed, then immigration would expand the structure of production and make society wealthier. But there's no reason to assume that they have a low time preference since they're usually poor (live hand to mouth).[/quote] Wouldn't the employers
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Wouldn't the economy grow if the immigrants saved and contributed to the economy? I am trying to do a thought experiment with the "how an economy grows and why it doesnt" style island economy lol. If the three islanders are joined by three immigrants on a boat, the islanders can loan out saved fish (or produce and loan out nets) in exchange
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"My main problem with Capitalism, is not "wage-slavery" or any of that bullshit. Its that there is scarcities, like what we have now in a recession. Capitalism does not seem to be very successful at reallocating resources when there is such a scarcity like there is now with jobs. Wheras in central planning there is always something for
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[quote]Anyway, how does everyone else deal with it?[/quote] Mindfulness meditation ftw!
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[quote]I love hearing about how if welfare payments were eliminated, poverty would disappear, seriously, it's really really funny.[/quote] If welfare payments were eliminated, the people would have their money back and would be able to spend it how they wished. This could employ the people that were previously on welfare, turning what once was a
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"does anyone here believe that the us has become more socialist??? if so, have things gotten worse??? have your incomes risen...have prices for many vital items gone down once adjusted for inflation??? do you find necesseties harder to come by??? has your lesiure life improved??? mp3 players that play for hours where an old portaqble cd player
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"I wish them the best of luck so I don't necessarily agree with you , but if you look at things from a different perspective, say if I had the choice between living for 30-40 years on an Auschwitz diet plan in very miserable conditions or not living at all, I'd probably choose the latter." I wish them the best of luck as well, but
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[quote]Yea, maybe you could just keep such beliefs to yourself so you don't make the rest of us look like idiots. I mean, that is prime material to be taken and used by opponents as examples of how insane we are.[/quote] Ok so instead of name calling, explain to me why that is insane.
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"You are joking , right?" No. Again maybe I am just an insensitive bastard lol.
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[quote]Making bad choices is not genetic.[/quote] The choice itself may not be genetic, but many of the factors that could sway the choices in one direction or another are genetic. For instance, most people with high levels of depression or anxiety are predisposed genetically to these conditions, which could color the way they see the world and thus