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Old 04-03-2013, 11:35 AM  
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U.S. sees highest poverty spike since the 1960s...

http://www.dailymail.co.uk/news/arti...-spending.html
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Old 04-03-2013, 03:54 PM   #31
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Thats sad, two looser & only one winner in that game.
Yes, and I'm the winner! You're one of the two losers.
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Old 04-03-2013, 03:56 PM   #32
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Originally Posted by Loneiguana View Post
The Truth About the Economy

Robert Reich connects the dots on the economy, in less than 2 minutes and 15 seconds.

http://www.youtube.com/watch?v=JTzMqm2TwgE
Another crackpot prog economist without a clue. He uses a govt redistibutionist commie approach when it won't solve the problem because it does not address the cause. He focuses on spending...for consumer goods when savers are being wiped out via inflation.

This is true data here:
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Old 04-03-2013, 04:02 PM   #33
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I'm kept.
Pussy welfare? Okay.
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Old 04-03-2013, 04:05 PM   #34
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Pussy welfare? Okay.
Free market exchange that's voluntary. No force involved. And I still work.
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Old 04-03-2013, 04:10 PM   #35
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Free market exchange that's voluntary. No force involved. And I still work.
Absent father?
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Old 04-03-2013, 04:24 PM   #36
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Huh?
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Old 04-03-2013, 04:34 PM   #37
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Huh?
Idle curiosity. Forget it. None of my business why you decided to become a prostitute.
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Old 04-03-2013, 04:36 PM   #38
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As far as I know, a prostitute is not a kept woman.
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Old 04-03-2013, 04:40 PM   #39
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Quote:
Originally Posted by BucEyedPea View Post
Another crackpot prog economist without a clue. He uses a govt redistibutionist commie approach when it won't solve the problem because it does not address the cause. He focuses on spending...for consumer goods when savers are being wiped out via inflation.

This is true data here:
You know how I know you didn't watch the video?

Fact: The GDP has doubled in the last thirty years.
Fact: Worker Productivity has also climbed over the last thirty years.
Fact: Average worker compensation has remained stagnant over this same time period.



Where did the money go?



We have a poverty problem because the wages of the Average American has been stagnant for thirty years.

Or:
"The analysis above has shown that from 1973 to 2011, the largest factor driving the gap between productivity and median compensation has been the growing inequality of wages and compensation, followed by the divergence of consumer and output prices and the shift of income from labor to capital. From 2000 to 2011, when the productivity-median compensation gap grew the fastest, the divergence of prices had only a modest impact, whereas the shift from labor to capital income was the single largest factor, accounting for roughly 45 percent of the gap."

More info and charts can be found here:
http://www.epi.org/publication/ib330...-compensation/
http://acivilamericandebate.com/2011...me-inequality/

/I must of missed the communist Rhetoric
//perhaps wealth redistribution could be defined as increasing monetary gain off the backs of your employees without increasing wages.
///Honestly I think we agree on this subject more than you think
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Old 04-03-2013, 04:44 PM   #40
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Well, you're wrong because I did watch it. I didn't need to though, to know what it was going to say.

You've missed a lot of my posts on economics. GDP is a baloney statistic. It includes govt spending. LOL! Continue on.

I will still say, someone else's poverty is not due to someone else's wealth or tax bracket. So it doesn't solve the problem....unless you're a socialist redistributionist.

I noticed you projected again, by saying I didn't watch your video when you didn't read my attachment. It says some things about your stupid charts.
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Old 04-03-2013, 04:50 PM   #41
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Just to troll you Austrian economists:

http://www.huppi.com/kangaroo/L-ausintro.htm

"For most of the Austrian School's history, mainstream academia has simply ignored it. Even today, none of its works are on the required reading list at Harvard. Most introductory economics texts don't even mention the school, and its economists are absent from many encyclopedias or indexes of the century's great economists. Several of its founding figures struggled to make ends meet, rejected by universities which did not view their work as sound. Even today, the movement's faculty boasts no more than 75 scholars worldwide. (4) By comparison, there are over 20,000 economists in the American Economics Association alone. Their failure to rise in academia has not been for want of publicity -- on the contrary, their leaders have been publishing books for over 120 years, all the while bumping elbows with famous economists like John Maynard Keynes. And after Hayek shared a Nobel Prize in 1974 for a contribution to monetary theory, the school received a huge burst of academic attention. But it was just as quickly rejected. Their dismal showing in academia stems from the fact that they have simply failed to make their case."

Factions aside, the general differences between Austrian and mainstream economics can be summarized as follows:
Mainstream economists use the scientific method; Austrians reject it, at least for the study of the economy. Instead, they use a pre-scientific method which deduces truths from a priori knowledge.

Mainstream economists make heavy use of statistics; Austrians claim statistics have very little value, because of their extreme limitations.

Mainstream scientists believe in both objective and subjective truth (that is, absolute truth and personal truth); Austrians believe only in subjective.

Mainstream scientists seek to explain human behavior on many different levels: the gene, the individual, the group and the specie. Austrians believe that all explanations of human behavior can be traced back to the individual.

Mainstream economists often use models that use perfect starting assumptions; Austrians claim not to.

Mainstream economists believe that monopolies can arise from a number of causes; Austrians believe that only government causes monopolies.

Mainstream economists believe in fiat money; Austrians believe in the gold standard.

Mainstream economists assert that the mystery of the business cycle is deep and poorly understood; Austrians claim the government causes it.

/and no, I'm not going to debate economic theories today. Mainly, we both know we won't agree
//or, as the article says:Perhaps the first thing to stand out about Austrian economics is its relationship to mainstream economics. The two completely reject each other, and proudly so. Their differences extend even deeper than their diametrically opposite interpretations of the economy; they even use different philosophical approaches. The two could almost be called separate disciplines, if they were not attempting to describe the same phenomena. So, then, how do they view each other?
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Old 04-03-2013, 04:51 PM   #42
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Originally Posted by BucEyedPea View Post
Well, you're wrong because I did watch it. I didn't need to though, to know what it was going to say.

You've missed a lot of my posts on economics. GDP is a baloney statistic. It includes govt spending. LOL! Continue on.

I will still say, someone else's poverty is not due to someone else's wealth or tax bracket. So it doesn't solve the problem....unless you're a socialist redistributionist.

I noticed you projected again, by saying I didn't watch your video when you didn't read my attachment. It says some things about your stupid charts.
You didn't watch the video because you didn't respond to a single thing the video talked about and just said because communism.
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Old 04-03-2013, 04:53 PM   #43
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You didn't watch the video because you didn't respond to a single thing the video talked about and just said because communism.
That was a response. That's what he was promoting. Class warfare, envy....the works.

I watched it. If you don't get the canned response you feel is correct—then you resort to such tactics.
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Old 04-03-2013, 04:56 PM   #44
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That's some funny moonbat shit right there.

Quote:
Originally Posted by Loneiguana View Post
It's easier to dehumanize poor people if you generally assign flaws. Who cares, it's their own fault they are poor.

Meanwhile, in reality:
No Savings Are Found From Welfare Drug Tests
By LIZETTE ALVAREZ
Published: April 17, 2012

MIAMI — Ushered in amid promises that it would save taxpayers money and deter drug users, a Florida law requiring drug tests for people who seek welfare benefits resulted in no direct savings, snared few drug users and had no effect on the number of applications, according to recently released state data.

“Many states are considering following Florida’s example, and the new data from the state shows they shouldn’t,” said Derek Newton, communications director for the American Civil Liberties Union of Florida, which sued the state last year to stop the testing and recently obtained the documents. “Not only is it unconstitutional and an invasion of privacy, but it doesn’t save money, as was proposed.”

...

From July through October in Florida — the four months when testing took place before Judge Scriven’s order — 2.6 percent of the state’s cash assistance applicants failed the drug test, or 108 of 4,086, according to the figures from the state obtained by the group. The most common reason was marijuana use. An additional 40 people canceled the tests without taking them.

Because the Florida law requires that applicants who pass the test be reimbursed for the cost, an average of $30, the cost to the state was $118,140. This is more than would have been paid out in benefits to the people who failed the test, Mr. Newton said.

As a result, the testing cost the government an extra $45,780, he said.


http://www.nytimes.com/2012/04/18/us...ests.html?_r=0
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Old 04-03-2013, 04:58 PM   #45
BucEyedPea BucEyedPea is offline
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Originally Posted by Loneiguana View Post
Just to troll you Austrian economists:

http://www.huppi.com/kangaroo/L-ausintro.htm

"For most of the Austrian School's history, mainstream academia has simply ignored it. Even today, none of its works are on the required reading list at Harvard. Most introductory economics texts don't even mention the school, and its economists are absent from many encyclopedias or indexes of the century's great economists. Several of its founding figures struggled to make ends meet, rejected by universities which did not view their work as sound. Even today, the movement's faculty boasts no more than 75 scholars worldwide. (4) By comparison, there are over 20,000 economists in the American Economics Association alone. Their failure to rise in academia has not been for want of publicity -- on the contrary, their leaders have been publishing books for over 120 years, all the while bumping elbows with famous economists like John Maynard Keynes. And after Hayek shared a Nobel Prize in 1974 for a contribution to monetary theory, the school received a huge burst of academic attention. But it was just as quickly rejected. Their dismal showing in academia stems from the fact that they have simply failed to make their case."

Factions aside, the general differences between Austrian and mainstream economics can be summarized as follows:
Mainstream economists use the scientific method; Austrians reject it, at least for the study of the economy. Instead, they use a pre-scientific method which deduces truths from a priori knowledge.

Mainstream economists make heavy use of statistics; Austrians claim statistics have very little value, because of their extreme limitations.

Mainstream scientists believe in both objective and subjective truth (that is, absolute truth and personal truth); Austrians believe only in subjective.

Mainstream scientists seek to explain human behavior on many different levels: the gene, the individual, the group and the specie. Austrians believe that all explanations of human behavior can be traced back to the individual.

Mainstream economists often use models that use perfect starting assumptions; Austrians claim not to.

Mainstream economists believe that monopolies can arise from a number of causes; Austrians believe that only government causes monopolies.

Mainstream economists believe in fiat money; Austrians believe in the gold standard.

Mainstream economists assert that the mystery of the business cycle is deep and poorly understood; Austrians claim the government causes it.

/and no, I'm not going to debate economic theories today. Mainly, we both know we won't agree
//or, as the article says:Perhaps the first thing to stand out about Austrian economics is its relationship to mainstream economics. The two completely reject each other, and proudly so. Their differences extend even deeper than their diametrically opposite interpretations of the economy; they even use different philosophical approaches. The two could almost be called separate disciplines, if they were not attempting to describe the same phenomena. So, then, how do they view each other?
Nice appeal to authority you got there. You really like those logical fallacies don't you? That doesn't debunk one thing.

So far from what I've seen, most ms economist twist it because they don't fully understand it. Johnny V is a good example of someone who thinks they understand Austrian economics when he doesn't really. You're different. With you, it's all appeal to authorities—the ones who are causing the messes we're in.

They're heads are so far up the Lord Keynes, a socialist himself, and the govt's arse, that they have to rely on ivory tower charts and graphs while ignoring the real world hustle and bustle about markets. They think economics is about mathematical models when it's really a social science because it's human action that is involved. This is the crux of problem.
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