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Post by SoloSenior on May 21, 2016 18:04:27 GMT -5
....anybody interested?
wanna chat about it?
(Does not have to include politics)
SS
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Post by Deleted on May 22, 2016 7:39:07 GMT -5
Well, might chat about how Economics can be discussed without driving the truck through Politics' front yard.
What's at the core of your economic theory?
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Post by SoloSenior on May 22, 2016 13:24:56 GMT -5
In a word DEBT! Which I consider the dirtiest word in the English language.
I am an 'Austrian', and was in my younger days a Keynesian but eventually realised the error of that in the last 40 years or so, since 15th August 1971.
I did not understand the significance of that day until much later though.
Now we have all of the G20 economies drowning in red ink, bought about by craven leaders (p*********s) ;-) willing to promise the world and willing to lie about it, and craven voters electing the ones that make the biggest promises of 'free stuff'.
I am the worlds biggest pessimist of the future.
SS
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Post by Deleted on May 22, 2016 13:50:39 GMT -5
This reminds me of the old Tootsie Roll commercial (the Americans here know what I'm talking about).
How many posts does it take for an Economics discussion to turn political? I know. Ask the Owl.
Let's find out....
ONE!
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Post by Deleted on May 22, 2016 13:55:34 GMT -5
So you're a non-Keynesian European? That's pretty controversial.
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Post by Deleted on May 22, 2016 13:57:37 GMT -5
Keynesian economics is one of those things that seems counterintuitive on the surface, but fails repeatedly in practice.
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Post by SoloSenior on May 22, 2016 15:23:39 GMT -5
"So you're a non-Keynesian European? That's pretty controversial."
Is that what you call an 'Austrian'? I seem to think you have very few "Austrians" in Austria! (or anywhere in Europe)
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Post by Deleted on May 23, 2016 10:44:57 GMT -5
"So you're a non-Keynesian European? That's pretty controversial." Is that what you call an 'Austrian'? I seem to think you have very few "Austrians" in Austria! (or anywhere in Europe) SS Are you speaking of the displacement of native Europeans in Europe? Or did I miss something? |
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Post by SoloSenior on May 23, 2016 12:17:37 GMT -5
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Post by wewbwb on May 23, 2016 12:48:40 GMT -5
This reminds me of the old Tootsie Roll commercial (the Americans here know what I'm talking about). How many posts does it take for an Economics discussion to turn political? I know. Ask the Owl. Let's find out.... ONE! I thought it was Three. So much for smith. |
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Post by Deleted on May 23, 2016 13:02:54 GMT -5
This reminds me of the old Tootsie Roll commercial (the Americans here know what I'm talking about). How many posts does it take for an Economics discussion to turn political? I know. Ask the Owl. Let's find out.... ONE! I thought it was Three. So much for smith. It was three. But it takes less posts on economics to become political than it takes to cheat to the center of the Tootsie Pop. |
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Post by Deleted on May 23, 2016 13:14:43 GMT -5
Rats, I'm unqualified to participate in this thread. |
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Post by lwoetin on May 23, 2016 13:21:10 GMT -5
If you change the thread to Tootsie Roll, we can all qualify. Although I know a little about debt unfortunately.
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Post by SoloSenior on May 23, 2016 14:19:39 GMT -5
Two quotes by my favourite 'Austrian' Ludwig von Mises
"The credit expansion boom is built on the sands of banknotes and deposits. It must collapse.
* * * * * *
"There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.
* * * * * *
(in this case. " the currency system involved" is world wide, and that has NEVER happened before)
SS
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Post by Deleted on May 23, 2016 14:37:08 GMT -5
So, are you concerned about currency in general or some specific inflated currency?
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