On Thu, Dec 1, 2011 at 8:40 PM, rigsy03 <rigsy03@yahoo.com> wrote:
Another of many historical missed opportunities was post WWII as the
USA was faced with the Cold War and one of our major tactics against
Communism was consumerism and a rising middle class income but as we
see, it ran amok.
Due to excessive borrowing. Both by individuals and our goverment. Our government encouraged lending to those least able to repay. Thus the sub-prime debacle. If banks were expected to take their losses when they didn't get their loans repayed we wouldn't be in this mess right now. They KNEW they'd be bailed out. There was never any question about it. Freakin' GSEs.
There is nothing wrong with consumerism per se. The problems come from massive debt. I get so frustrated when liberals are completely blind to the cause of our troubles and therefore resistant to the solution. Austerity. The sooner, the better.
dj
> I hate mumble mumble economics..
> to clear up the confusion
> Economics is based off 3 questions
> 1: What will be produced with resources.
> 2:How will the productes be produced
> 3: for whom will these products be produced
>
> There are only 4 types of economy
> 1: Traditional -- answers there 3 question based on social customs and how
> society has dealt with them in the past.
> 2: Market these questions are answered by the interaction between buyers
> and sellers.
> 3: Command economy and questions are answered by the government.
> 4:Mixed economy answers these question by a mixture of the other three
> economic systems..
>
> Bookkeeping is not an economic system.. it just tells you where your money
> is coming from and going to..
>
> My comments adding to the confusion, but I hope it is not mumble mumble
> economics
>
> Now how and what do we want the economic system to evolve into.. be aware
> what works for one area does not necessarily work in another.. and debt
> economics is not a economic system just greedy people trying to steal more
> money.
> Allan
>
>
>
>
>> On Thu, Dec 1, 2011 at 11:00 AM, Allan H <allanh1...@gmail.com> wrote:> > On Thu, Dec 1, 2011 at 9:37 AM, archytas <nwte...@gmail.com> wrote:
> > Good flicks and interesting but after watching the movie it seems they
> > got into repeating what was said..
>
> > I agree economics needs to change,, now comes the deadly question,, just
> > how are they purposing to change it?? Sorry just saying it needs to change
> > and stating the obvious is not saying how it should change.
> > Allan
>
>
> >>http://econ4.org/news- has a video on "greed" (economics).
>
> >> On Nov 30, 10:34 pm, archytas <nwte...@gmail.com> wrote:
> >> > We've been feeding a stray cat for a few weeks - one might say he eats
> >> > greedily but we don't mean this as greed - the poor blighter is just
> >> > hungry. Lions will give up a decent shank of a kill around human
> >> > breakfast time - try to take the whole hog and they will kill. The
> >> > dream of western capitalism is very greedy. Send paracetamol Vam -
> >> > before I go on and on about the term greed in use!
>
> >> > On Nov 30, 6:53 pm, monkebus <peterdaltoni...@gmail.com> wrote:
>
> >> > >. Exactly.
>
> > --
> > (
> > )
> > |_D Allan
>
> > Life is for moral, ethical and truthful living.
>
> --
> (
> )
> |_D Allan
>> Life is for moral, ethical and truthful living.- Hide quoted text -
>
> - Show quoted text -
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