About bob2356

bob2356


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In United States
Registered Apr 12, 2008

bob2356's most recent comments:

  • On 21 Oct 2014 in Dumb Ass Republicans Prevent Medicare From Negotiating Lower Drug Prices., bob2356 said:

    CaptainShuddup says

    bob2356 says

    Do you know what project means? Obviously not.

    Why don't you make it your project and tell us, or are you stuck back at the projects, giving reports and projections, about the figures and statistics that you project?

    Smoke another bone it won't affect you brain. Really it's true.

  • On 21 Oct 2014 in Challenge to Keynesians "Prove Rising Prices Provide an Overall Economic Benefi, bob2356 said:

    indigenous says

    You are right I have not read anything by Keynes, but de facto his philosophy has been conflated with inflation. Mainly as a tool to politicians.

    If you have never read anything then how do you know what his philosophy was? You believe what politicians tell you? That explains a lot.

    indigenous says

    This is not true, just the opposite. If the value of the money goes down the rent goes down. In which case if you are leveraged you have a problem which is why the Fed wants to keep inflation going. In the early 30s houses had record lows. Deflation transfers wealth back to the proletariat/bourgeoisie.

    When the only tool you have is a hammer everything sure looks like a nail. Not all debt is housing. The phrase was not renter it was rentier which he uses to refer to business and banks. He wasn't talking about housing. There is much more debt in day to day business operations than in housing. There is 11 trillion in mortgage debt out of 59 trillion total debt in the US. Keynes was talking about the operations of business which entails huge amounts of borrowing,basically grinding to a halt. Like the great depression.

    indigenous says

    Yup Rothbard had it right. If you are leveraged deflation is going to be hard on you. In reality this is what happened in 2008 the banks that were bailed out had malinvested when the adjustment was made almost a trillion would have been marked to market to zero value. That is big time deflation.

    You still don't understand the concept. It wouldn't be deflation, it would be a very big loss. Even if the banks were very deservedly allowed to go bankrupt it still wouldn't be deflation. If it spread to the entire economy, not just housing, it would be deflation. Deflation is a systemic economy wide phenomena, not a loss in a single sector.

    Rothbard was just plain wrong, mises even says so. Maybe you should actually read the ariticle, it's from mises.org.

  • On 21 Oct 2014 in Dumb Ass Republicans Prevent Medicare From Negotiating Lower Drug Prices., bob2356 said:

    SoftShell says

    Project much?

    bob2356 says

    Cap, I'm waiting for your the republicans fucked the taxpayers in the ass while giving big pharma a blowjob comment.

    Do you know what project means? Obviously not.

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