-
[quote user="McDuffie"] I can't believe it. I just cannot believe it! BAAWA, Massimo all but admitted that he won't even consider any economic argument or explanation for the current downturn unless it involves deregulation as an explanation. He is not even willing to look at the business cycle theory. He won't even, for the briefest
-
[quote user="Sukrit Sabhlok"]The WORST depression in the history of the United States happened after the creation of a central bank. Before that, all recessions were relatively short - 1 or 2 years tops.We have had severe economic turmoil despite the proliferation of regulations. Think of the stagflation of the 1970s, or the current Great
-
Don't worry about geeks and their formulas. The UN decided that "global climate change" existed by voting on it.
-
[quote user="Juan"]The first person has not modified the land in any way. I don't see how he 'mixed his labour' with it, to use the old metaphor... If he had planted the trees, then he would own them, but he didn't...so... [/quote] That's like saying that a gold miner doesn't own the land he's mining on because
-
[quote user="McDuffie"] Right, I haven't engaged this guy at all. I wouldn't think that capitalism is older than a couple hundred years old. [/quote] Where do you find these people? lol
-
[quote]For reasons which I will develop, I oppose this practice. I believe that banks and other lending institutions should not be lending at all; instead they should make their money by taking a share of the risk or equity in business enterprises. [/quote] Should we all grow our own food too? [quote]My interest in this question arose from the tragedy
-
[quote]For a hundred years we've been told that inflation is the enemy. That's not the whole truth at all ; and there is a reason we aren't told the whole truth. [/quote] The whole truth of what ? Anyway, I can't follow what he's saying. He's unintelligible.
-
[quote user="McDuffie"] Now, a self-described economic journalist (with 20 years experience) has chimed in: After 20 years a a journalist writing exclusively on economy this is real news for me. The boom-bust cycle is a built-in feature of capitalism and it has been working for at least 3000 years, long before there was any central banks.Do
-
The premises that there wasn't any regulation or that there wasn't any other type of government intervention is false. Also there's been more regulation since the 80's than before the 80's.
-
[quote user="Juan"] Anyway, assuming for argument's sake that gold producers in Africa went bankrupt, how does it follow that they should turn to slave trading ?[/quote] It doesn't. It's as if Africa's only resources are gold, silver, and slaves.