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There is every reason to believe that a free-banking system most likely would have prevented the disguised inflation of the 1920s and averted the geographical vulnerabilities along with the open secondary deflation characteristic of the 1930s. After World War I many countries tragically established central banks under the illusion that monopoly and central planning in money would lead to economic stability. History has rendered its verdict on central planning: Whether it be shoes, screws, or money, it always fails.
All of which brings us to today. While “welfare-warfare†states throughout the world are running huge fiscal deficits, their central banks are recklessly monetizing massive quantities of debt (inflation). Extraordinary volatility now characterizes financial markets amidst a worsening sovereign debt crisis. Major financial institutions throughout the world hold mountainous portfolios of worthless assets that government policy has steered them into holding. Defaults threaten to destroy the world monetary systems in spite of all the short-run political machinations of prime ministers and central-bank leaders. And in these dangerous waters, what do we hear from the politicians, many already with their hands red? Trade protectionism!
When political agents denounce China on trade and demand an appreciation of its currency, it is the functional equivalent of placing a tariff on each and every Chinese export. This type of protectionist saber-rattling risks igniting not only a destructive international trade war but also, with the economy in the aftermath of a colossal bubble and the world’s banker growing restless with its hoard of depreciating IOUs, vastly more damage than the world is prepared to handle. Have we learned nothing from the past?
https://fee.org/articles/the-smoot-hawley-tariff-and-the-great-depression/#0
Not that you will read this...
Nope... Austrian Economics propaganda.
We've been over this ground so many time on this board, it's boring.
Time to find new topics to worry unto boredom.
Nope. Like I said, we've been over this ground. It's like reading Tankies trying to dismiss the entire Purge Narrative as a Trotskyite-Capitalist plot.
It's like reading Tankies trying to dismiss the entire Purge Narrative as a Trotskyite-Capitalist plot.
How would you know?
TLips finds it more interesting to argue against whatever he imagines your point of view is. Especially if sharing your point of view involves asking him to read something.
I've seen enough of TLips comments over the past year to know that the thing he likes the most about Trump is his hopes that Trump implements extremely protectionist polices and the fantasy that Trump is somehow going to undue several decades of globalism.
I guess you mean the extensive cut and paste?
Fair enough.
The Wogster and I went though this a while back but I have since read this and similiar.
Lips thinks it is boring, which translates that he doesn't want to consider any thing that conflicts with the dogma he subscribes to.
Especially if sharing your point of view involves asking him to read something.
Ironically that is what Lips is NOT doing.
Did you read it?
Indigenous, get off this thread dude. You are hijacking it with you usual crap. Find one of the many threads we debated before and post there.
I've seen enough of TLips comments over the past year to know that the thing he likes the most about Trump is his hopes that Trump implements extremely protectionist polices and the fantasy that Trump is somehow going to undue several decades of globalism.
Also a bit of a hijack.
Bypassing the fact you had me on ignore for at least a year, triggered shortly after I asked you to explain why Public School Teachers don't Compete Globally with the millions of willing immigrants and potential H1-B holders willing to do twice the work for half the price. Public School teachers are fine with outsourcing millions of good paying manufacturing jobs though, and doing teenagers out of college savings by employing off-the-books immigrant landscapers for their McMansion
I'll be happy to take up this gauntlet in another thread.
@Patrick, can we get a thread cleansing for this one?
Find one of the many threads we debated before and post there.
We haven't as you say debated many time before...
Bypassing the fact you had me on ignore for at least a year, triggered shortly after I asked you to explain why Public School Teachers don't Compete Globally with the millions of willing immigrants and potential H1-B holders willing to do twice the work for half the price. Public School teachers are fine with outsourcing millions of good paying manufacturing jobs though, and doing teenagers out of college savings by employing off-the-books immigrant landscapers for their McMansion
It probably was something equally dishonest that you claimed my position to be, but I think you are adding a lot to it here.
What is a thread cleansing?
Can we dump indigenous' long somewhat Off-Topic copypasta from Mises or wherever into another thread? I wanted to keep this thread as a "Trump Promise Fulfillment" thread, and not have several long posts in a row going off on Great Depression history.
It probably was something equally dishonest that you claimed my position to be, but I think you are adding a lot to it here.
I just think that if you're for globalization, you should be for it for everybody and not exempt your profession. After all, a globalized world needs Filipina, Bangladeshi, Kenyan teachers for American kids, not just American teachers.
Certainly California could use 100,000 H1-B educators, no?
We haven't as you say debated many time before...
https://patrick.net/?p=1279292&page=1
https://patrick.net/Is+Capitalism+Killing+Our+Morals+and+Economy%3F
https://patrick.net/The+establishment+paying+lip+service+to+the+problem
Especially:
https://patrick.net/?p=1279292&c=1184512#comment-1184512
and
https://patrick.net/?p=1224261&c=958876#comment-958876
and
That's where all the links get automatically channeled here...
https://patrick.net/1293879/tired-of-politics-sexy-picture-thread
Patrick, can we get a thread cleansing for this one?
What is a thread cleansing?
Public School teachers are fine with outsourcing millions of good paying manufacturing jobs though, and doing teenagers out of college savings by employing off-the-books immigrant landscapers for their McMansion
That and there are many into just doing teenagers
Not the first time that Trump has pulled out. At least according to the Russian tapes.
A few related stories...
http://www.radionz.co.nz/news/political/322880/'plan-b'-tpp-on-the-cards-pm
We haven't as you say debated many time before...
https://patrick.net/?p=1279292&page=1
https://patrick.net/Is+Capitalism+Killing+Our+Morals+and+Economy%3Fhttps://patrick.net/The+establishment+paying+lip+service+to+the+problem
Especially:
https://patrick.net/?p=1279292&c=1184512#comment-1184512and
https://patrick.net/?p=1224261&c=958876#comment-958876
and
Ok Lips I will check this out tommorow, I will give it due diligence.
Bypassing the fact you had me on ignore for at least a year, triggered shortly after I asked you to explain why Public School Teachers don't Compete Globally with the millions of willing immigrants and potential H1-B holders willing to do twice the work for half the price. P
That's an accomplishment, a whole year. I'm jealous, I only got about 10 days or so.
I know several h1-b math and science teachers teaching in the metro Atlanta area teaching at shitty schools that other teachers don't want to go to.
What is a thread cleansing?
Can we dump indigenous' long somewhat Off-Topic copypasta from Mises or wherever into another thread? I wanted to keep this thread as a "Trump Promise Fulfillment" thread, and not have several long posts in a row going off on Great Depression history.
It probably was something equally dishonest that you claimed my position to be, but I think you are adding a lot to it here.
I just think that if you're for globalization, you should be for it for everybody and not exempt your profession. After all, a globalized world needs Filipina, Bangladeshi, Kenyan teachers for American kids, not just American teachers.
Certainly California could use 100,000 H1-B educators, no?
Thou doth protest too much, on a Free Speech forum.
Nary a peep when Ironman polluted the Inauguration thread.
Bypassing the fact you had me on ignore for at least a year, triggered shortly after I asked you to explain why Public School Teachers don't Compete Globally with the millions of willing immigrants and potential H1-B holders willing to do twice the work for half the price. P
That's an accomplishment, a whole year. I'm jealous, I only got about 10 days or so.
I know several h1-b math and science teachers teaching in the metro Atlanta area teaching at shitty schools that other teachers don't want to go to.
I guess someone has to make an effort at teaching the next generation of drug dealers. They gotta have math skills or they'll never learn to cut the crack to the correct percentage.
Also a bit of a hijack.
That's true.
Should there be a limit on the number of comments in a row by the same person?
Should there be a limit on the number of comments in a row by the same person?
Hmm, don't know Patrick. Wish there was a way for a thread creator to tag posts as "off-topic", but that might create extra admin duties. Maybe some purgatory catch-all for off-topic posts of the day/week?
Should there be a limit on the number of comments in a row by the same person?
On the Wogster yes, on me no
The reason it happened was there is now a limit on the size of the post, in the past that would have been one or maybe two posts.
You see Pat there are always unintended consequences.
If it was me I wouldn't worry about it unless it keeps happening especially if it someone that I don't like.
http://yournewswire.com/trump-captures-isis-leader/
And on the third day, Trump's military destroyed most of ISIS and captured their leader.
More progress than Obama has made in three years.
Same military, different Commander in Chief!
Obviously Obama was a ISIL plant, encouraging the enemy, supplying them, allowing them to prosper, commit unspeakable acts against minorities in the region including thousands of Christians, and withholding support for the Kurds who battled them.
Obama is SUCH A TRAITOR! May he rot in Hell!
That's what happens when the adults step in to take care of the "JV" team.
You beat me to it, I get that Trump knows how to get stuff done, and Obama...
how about one of those accordion things..more than 10 lines and the post gets truncated, but can be opened in full with a link at the bottom of the post.
Also a bit of a hijack.
That's true.
Should there be a limit on the number of comments in a row by the same person?
how about one of those accordion things..more than 10 lines and the post gets truncated, but can be opened in full with a link at the bottom of the post.
hey, that's a great idea! not too hard to do with a bit of css.
thanks for suggesting it. now it's on my list, but first i have to finish getting my hot-backup strategy going in case the site gets threatened with takedown again.
Expected Today:
Penalties for Sanctuary Cities - to be signed
Construction of the Border Wall - to be signed
Still being hashed out:
Halt on Visas for Syrians, Yemen, Sudan, etc. - expected to be signed soon
Cutting the Rapefugee Programs - on the table, not sure if wording finalized yet
http://www.reuters.com/article/us-usa-trump-immigration-idUSKBN1591HP?il=0
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LATEST UPDATE: Safe Zones in Syria and Yemen agreed to between Trump and King Salman.
Starting with #1:
UPDATE: US officially drops out of #TPP
http://asia.nikkei.com/Spotlight/Trump-era-begins/US-announces-withdrawal-from-TPP?page=2
UPDATE #3: Temporary Travel Ban and Extreme Vetting