Bush has several choices, one being the Shah Treatment, to the other end being the FDR blinders. Bush is trying to walk a middle road. Cause, you know, things worked out great when the CIA replaced the popularly elected Mossadegh with the Shah
Someone who is 25 today will probably live into their mid 90s at the very least. Do they really plan to work from 65 to the day they day? Or is their plan to live off of whatever scraps of social security are left? Personally I am banking on the nanotech industry to keep the average person alive at least a few centuries. I can't wai
Draginol, Truth be told I largely agree with you on this topic. However, I think that the problem largely lies with a lack of proper education. Something that I believe should be part of the public school system are mandatory courses on basic financial principles, spanning several years. These are classes that need to be taught at the very least beginning in Junior High, if not earlier. And no, I'm not talking about the "how to balance a chequebook" por
Dr Guy, I largely agree with most of what you have said. I think that all sides involved recognize the diagnosis of this problem, the great debate of course is what should be the next step? Currently all of the literature I have read has been very anti-Friedman, so now it's time for me to actually read some of his works to get a less slanted view. Which of his books would you recommend as a "starter"?
What I said is most Americans with incomes below $22,000 (Poverty level) can not support a family and I know that is correct! SHOW ME THE BODIES! You know and I know there are not masses of dead and dying in the streets. That means many people CAN and DO live at that income level. Supporting my initial assertion that you are a liar. I believe that anyone can find a way to live on just about any
Thanks Gideon! Every one of my co-workers is currently flabbergasted at the rate that currency values are shifting.... the times they are a changing!
Although I have been accused of being a "liberal alarmist" I would like to ask you to leave your political opinion at the door and take into consideration the following. As the old saying goes, money talks: 1) Gold has surpassed 800 $ an ounce in value. Adjusted for inflation, the last time it was this valuable was 1980. 2) Oil now costs $ 95.69 a barrel, which adjusted for inflation is pretty close to the cost of oil in the big crunch that happened during the s
Island Dog, if I may respond to the following; I don't believe America wants to head more into a socialist nanny state where we take income away from Americans to give to others. That is ridiculous to even suggest it. What has been happening in the last few years has been that public money, your tax dollars, have been leaving public institutions and going into private hands far more than previous. This is money that needs t
Oh, really? So I'm not working 60 hours a week while going to school full time? Go figure! The truth is, many Americans can, and do, go to school full time while working full time, Arty. In my case, it only pushes me harder towards the prize. Gideon, good for you for sticking it out. What you're doing is a testament to your determination to make things work and I applaud you for it. I'm not saying that the moment a factory closes ever
maybe the union shouldn't have demanded more money from Chrysler. so that Chrysler wouldn't have to cut 12,000 more jobs. thus making them raise their prices even further out of reach of the poor and the lower middle class. oh thats right i am sorry not supposed to blame these things on liberals. Well, pretty soon you're not going to be able to blame unions for anything because they won't be around anymore in your country. Unionized labor in the U.S acc
in no small part because they know there a suckers like you willing to give Robin Hood free reign So now Robin Hood was a bad guy?!? What has this crazy world come to??? If you're going to make fun of liberals please do so, but don't besmirch the good legend of Robin Hood!!!!! Anywho. In regards to the whole "goldarn poor people are takin' mah money!!!" I'm sure that pretty quickly there's gonna be an additional 12,000 families in need,
Look gene, you got yourself a fan, your evil twin brother Artysim. But if he's your evil twin, what does that make you? The other black sheep? Hey, I resemble that remark
NONE of you has shown where we will cut $700 Billion per year from the budget to solve our fiacal problems. What is the Problem? Col Gene, Politics aside, the fact remains that the U.S Government (notice how I'm not pointing fingers at a particular individual?) lowered taxes by a MASSIVE amount and then invaded two countries, both of which required literally shipping pallets of cash overseas. Even if the U.S were to decide to leave Ir
Way back in 1964 we lived in a neighborhood smack dab in the middle of "middle class". My dad made around $2/hr as an electronic tech, which also put us firmly in the middle of "middle class" (btw, $2/hr in today's dollars is $13.27... or $27,603/yr.). The mortgage on his brand new Split Level, middle class house was $175/month. ($1,161 in today's dollars). So, p
You seem to imply that people like me object to being taxed. That's a strawman argument because I don't know anyone who thinks we shouldn't be taxed. Milton Friedman is a strawman argument because no one seriously imagines us not having taxes. So let's stick with the reality: The federal government apparently has so much money at its disposal that it contemplates pro
Thank you for cleaning up the article, and thanks for providing this forum where alternate voices can be heard! In response to terpfan- So, I'm now wanting to know how much the inferior officer, Clueless Old Liberal will (a) sue you for borrowing his alarmist article posting style of cheering for higher taxes on the rich; or (b) pay you for taking u
Should the rich be taxed more heavily than the rest of society? Yes. Why? If they don't get taxed, then they'll have all the more money to invest in the economy which will create more jobs right? Maybe. The argument about taxation of the rich has been debated from an ideological standpoint many times, but when the great depression hit it wasn't "the rich" who helped put the world back on it's feet. It was Keynesian economics. Economics that the wealthy of the day were so incensed
What's the dominant belief sytem today that is killing more lives than all the world's wars put together?.......It's abortion on demand. lula, Very interesting, I haven't heard that one before and will have to give it some thought. I would however have to go ahead and say that in my opinion the dominant belief system today that people kill for (in our society) is a world-view. This is a world view that says the following: "De
Well hell, MM sure knows how to get the people going hey? This is a juicy topic, we've got people at each others throats over history and religion, now let's throw in the race card and really stir the pot!!! Seriously though... I hate to break this to you but more people have been killed in the name of G-d than any other reason. See this is a really touchy subject. Stepping back and taking a look at the bigger picture, people ki
"Isn't the core of Christian faith the belief that Jesus saves those who believe in him? Anyway, atheists can have moral values, they are just not "enforced" by a belief in a god." And Christians can have immoral values. What does all this mean? Another core of Christian faith is the belief that we can't force anyone to believe in Jesus and be saved, so we do
All this is to say is that I do not share your foreboding, but could easily if my education had not been under a great Economist, Dr. Rapp. (A disciple of Milton Friedman and Walter E. Williams). But quite frankly, I appreciate your very knowledgeable and educated concerns and will only point out that there are only a handful of laws in Economics, and the rest is just o
terpfan1980, I applaud you for calling b.s on this article- a person should never believe something at face value, and should always take things into serious consideration before taking sides on an issue. If anything, I would encourage you to investigate the claims that I've made. But for the love of God, don't do your investigations at the CNBC or MSN websites, or God forbid the newly spawned Fox business channel. It could be WW3 with nukes crossing paths in the sky and these fo
Dr Guy, I agree with you entirely about the cyclical nature of economies, and about the timing of the bust of the housing boom. However, it's my belief that the housing boom should have ended several years ago. Also, typically a nice market correction happens over several years- if it happens too quickly then we risk another 1987 (hey that was 20 years ago, right on the money what you said about the timing of those cycles eh?) or even worse a 1929! My concern is that the
Thanks Gideon. I'm shocked that the mainstream media has done so little about reporting these economic problems... I guess they want to keep people calm so that they'll keep investing and consuming as long as possible. The thing that really gets me is reading the economics articles on MSNBC- every single one of them boils down the turmoil in the market to "pow people with bad credit bought a house when they shouldn't have!" when the reality is much more frightening!
This is about money. Your money, and the current U.S presidential election. I'm also going to try and explain why your money, the coming election, and the "sub-prime housing bust" are all intimately tied together. FYI, the cause of the recent housing debacle is not because of "poor people with bad credit bit off more than they could chew, gol'darnit!" but goes much deeper and has far reaching implications for everyone. Two things have me scared out of my wits right now;
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