patrick.net

indigenous says

turtledove says

The issue is one of speed.

Can you elaborate please?

Sure. Might the duration of the Depression been shorter if not for aspects of the New Deal policies enacted during that period? Could there have been a quicker recovery?

indigenous says

FDR created the great depression with his incessant meddling

The First Great Depression began in 1929. FDR took office on March 4, 1933. He then hopped into his handicapable Delorean, traveled back in time 4 years, and caused the depression.

The Federal Reserve and Wall Street had nothing to do with the First Great Depression. It was all time-traveling presidents' fault, especially Obama. The DoD should have never given Barry his own T.A.R.D.I.S.

Dan8267 says

The First Great Depression began in 1929. FDR took office on March 4, 1933. He then hopped into his handicapable Delorean, traveled back in time 4 years, and caused the depression.

No dumb ass, he kept it mucked up for a decade.

indigenous says

No dumb ass, he kept it mucked up for a decade.

Because the best thing to do, was clearly to let the system purge itself, and allow Old Man Potter to buy up everything. Riiiight!

CL says

confused man-crush on Vladimir Putin

Yes, they definitely ummm,...like the cut of his jib.

I have theory as to why so many right wingers don't believe that homosexuality is is an innate trait, that is a physical trait. They believe it's a choice.

Think about it...

indigenous says

No dumb ass, he kept it mucked up for a decade

Yes. We all know if someone who understood the folly of Keynesiam theory had taken over, they could have undone the great depression in 2 months,.. tops.

humanity says

Yes, they definitely ummm,...like the cut of his jib.

I'm not getting your drift.

Vicente says

Because the best thing to do, was clearly to let the system purge itself, and allow Old Man Potter to buy up everything. Riiiight!

Yes

humanity says

Yes. We all know if someone who understood the folly of Keynesiam theory had taken over, they could have undone the great depression in 2 months,.. tops.

Yes but I'm sensing you are being facetious.

These 2 mutts manifest advanced Kool Aid poisoning...

indigenous says

Yes

When I was a Glibertopian I believed this dogma too.

The ideas is you need frequent "business cycles" where dinosaurs are killed off, and mammals can come to the fore.

However now that I've seen fighting in the trenches, I am no longer willing to play with people's lives like they are toys on a board. How it actually plays out, is that the more Richie Rich you are, the better positioned you are to sweep up the best assets during every downturn. Wealth moves upward with every cycle, and the mammals get squeezed out of every niche. The theory of cleansing our economy with occasional fires burning down the whole forest is complete horseshit and as disproven as Flat Earth.

Who is the biggest cash buyer of homes right now? It's not Joe & Jane Public, who are just barely scraping by, it's big hedge funds. And investors aren't buying them just to flip, a lot of them are rentals. And thus all lower classes shift towards being renters in their increasingly uncertain world.

Vicente says

When I was a Glibertopian I believed this dogma too.

Now you are one of sages?

indigenous says

Now you are one of sages?

No he's just exposing your ridiculous dogma for what it is. All you have is totally unbacked assertions and mindless Mises.org sound bites.

Vicente says

The theory of cleansing our economy with occasional fires burning down the whole forest is complete horseshit and as disproven as Flat Earth.

Who is the biggest cash buyer of homes right now? It's not Joe & Jane Public, who are just barely scraping by, it's big hedge funds. And investors aren't buying them just to flip, a lot of them are rentals. And thus all lower classes shift towards being renters in their increasingly uncertain world.

Although I would add that lower classes include the middle class in the expensive coastal city markets.

humanity says

No he's just exposing your ridiculous dogma for what it is

Thanks for the clarification. Although it is anything but esoteric, hard to imagine how you reach that conclusion? I guess the thing that keeps it clandestine is literacy, sign of the times, sigh...

indigenous says

I guess the thing that keeps it clandestine is literacy, sign of the times, sigh...

I guess being smug and lying to yourself is easier than showing everyone why I'm wrong.

humanity says

No he's just exposing your ridiculous dogma for what it is. All you have is totally unbacked assertions and mindless Mises.org sound bites.

Have you ever in your life put together a compelling argument to back up what your emotions and sub-par IQ lead you to believe is the truth ?

This isn't "clandestine," it's actually quite straight forward.

humanity says

Vicente says

The theory of cleansing our economy with occasional fires burning down the whole forest is complete horseshit and as disproven as Flat Earth.

Who is the biggest cash buyer of homes right now? It's not Joe & Jane Public, who are just barely scraping by, it's big hedge funds. And investors aren't buying them just to flip, a lot of them are rentals. And thus all lower classes shift towards being renters in their increasingly uncertain world.

humanity says

I guess being smug and lying to yourself is easier than showing everyone why I'm wrong.

You are projecting.

humanity says

Have you ever in your life put together a compelling argument to back up what your emotions and sub-par IQ lead you to believe is the truth ?

I think so not that you would hear what I say

indigenous says

These 2 mutts manifest advanced Kool Aid poisoning...

I take it from that name I've seen you use other times, that you fancy yourself "well bred."

Interesting.

humanity says

I take it from that name I've seen you use other times, that you fancy yourself "well bred."

No it is a state of mind someone who refuses to look outside the status quo, one who remains sequestered to his stuck view point, that he unwittingly adopted.

Debates about who caused the Great Depression are about as interesting as watching paint dry.

Homeboy says

Debates about who caused the Great Depression are about as interesting as watching paint dry.

Yea I hear people say the same about baseball

The Putin man-crush ain't homo; it's incest.

"Take me, Daddy! You're oh-so firm and authoritarian - hard and unforgiving, just how I like it!"

Modern libertarianism is interesting: I'll give you that.

Vicente says

Who is the biggest cash buyer of homes right now? It's not Joe & Jane Public, who are just barely scraping by, it's big hedge funds.

LOL. That's because of the crony capitalist REO-to-rental program. Everything subsidized is always very "popular". Now you are starting to complain about consequences from government programs you so much love. That can only mean that it's time to rediscover your Libertarian roots!

mell says

LOL. That's because of the crony capitalist REO-to-rental program.

Richie Rich always has cash to buy assets. Programs are irrelevant.

Vicente says

mell says

LOL. That's because of the crony capitalist REO-to-rental program.

Richie Rich always has cash to buy assets. Programs are irrelevant.

Oh, there's always a crony program. How do you think he became "Richie Rich" in the first place?

turtledove says

Oh, there's always a crony program. How do you think he became "Richie Rich" in the first place?

They are irrelevant.

Richie Rich subsists on assets, not income.

In any downturn, they hold properties. If the fraction of their wealth in liquid form like stocks etc. goes down they don't care. And they can liquidate some of that along with lesser properties, to grab up distressed discount properties of greater value.

John & Jane Public on the other hand, have very little wealth to run around chasing these opportunities. Even if they do, when their jobs are endangered, they don't spend because they are worried about making payments next year. So they hoard what very little cash they might have.

Thus on every cycle, irrespective of government programs, the wealthy get wealthier and the rest slide down a little.

It is a FANTASY that oh yeah, if only there weren't government intervention I could have picked up the assets of JP Morgan for pennies.

turtledove says

Oh, there's always a crony program. How do you think he became "Richie Rich" in the first place?

I thought it was all his smarts, hard work, and sacrifice. You mean to tell me the Rich didn't work harder than everyone else??

tatupu70 says

turtledove says

Oh, there's always a crony program. How do you think he became "Richie Rich" in the first place?

I thought it was all his smarts, hard work, and sacrifice. You mean to tell me the Rich didn't work harder than everyone else??

Well, you show me where I ever said that the crony rich achieve their wealth through "smarts, hard work, and sacrifice," (or anything even resembling that) and I will be more than happy to answer your question.

Vicente says

They are irrelevant.

Richie Rich subsists on assets, not income.

In any downturn, they hold properties. If the fraction of their wealth in liquid form like stocks etc. goes down they don't care. And they can liquidate some of that along with lesser properties, to grab up distressed discount properties of greater value.

John & Jane Public on the other hand, have very little wealth to run around chasing these opportunities. Even if they do, when their jobs are endangered, they don't spend because they are worried about making payments next year. So they hoard what very little cash they might have.

Thus on every cycle, irrespective of government programs, the wealthy get wealthier and the rest slide down a little.

It is a FANTASY that oh yeah, if only there weren't government intervention I could have picked up the assets of JP Morgan for pennies.

And from the beginning of time, crony Richie Rich attained his assets at the pleasure of his King.

tatupu70 says

I thought it was all his smarts, hard work, and sacrifice. You mean to tell me the Rich didn't work harder than everyone else??

They do, anyone who has been in business realizes this. Which was unique to the US at one time.

Of course the cronys are a different story but that is not the free market.

This is something that the lefties do not understand they are 2 different things.

This is where Jojo or AF would rather just complain because it is easier to just complain.

indigenous says

tatupu70 says

I thought it was all his smarts, hard work, and sacrifice. You mean to tell me the Rich didn't work harder than everyone else??

They do, anyone who has been in business realizes this. Which was unique to the US at one time.

Of course the cronys are a different story but that is not the free market.

This is something that the lefties do not understand they are 2 different things.

This is where Jojo or AF would rather just complain because it is easier to just complain.

The generalizations are pretty silly.

turtledove says

The generalizations are pretty silly.

How so?

indigenous says

turtledove says

The generalizations are pretty silly.

How so?

I didn't mean you. I meant those who were talking in terms of "all rich people do this" and "all rich people are like that." It's just so ridiculous. They refuse to distinguish between cronies and people who work hard and earn well.

When "Richie Rich" first came up in this thread, to me was a crony, based on the fact that it was coined in response to a statement about crony capitalists. But as the thread wore on, it became a generalization about any person who has money.

It's just silly that people are so determined to categorize everyone. Not all that different than the post that suggested that I'm a Fox News disciple because I said I don't like Obama. How ridiculous and completely inaccurate. But there's a group here that isn't happy until they've put every single person into a nice neat category.

turtledove says

It's just silly that people are so determined to categorize everyone.

Agreed, one of the more common ilogics is the conflating of distinctly different concepts.

Vicente says

Richie Rich always has cash to buy assets. Programs are irrelevant.

People like you spend too much time talking about the rich
while others peruse interests and passionate ideas which will lead
to great prosperity...

thomaswong.1986 says

People like you spend too much time talking about the rich

while others peruse interests and passionate ideas which will lead

to great prosperity...

Yes clearly everybody in the 1% is there because they work 1,000+ times harder & smarter than I do. Get real.

Pooty-poot!

thomaswong.1986 says

Vicente says

Richie Rich always has cash to buy assets. Programs are irrelevant.

People like you spend too much time talking about the rich

while others peruse interests and passionate ideas which will lead

to great prosperity...

Agreed.

Now go "peruse those interests", create great prosperity, and get out of here forever.

Iosef V HydroCabron says

Agreed.

Now go "peruse those interests", create great prosperity, and get out of here forever.

I am already there.. after all these years...a little no body like me .. make it big in SV.

Vicente says

Yes clearly everybody in the 1% is there because they work 1,000+ times harder & smarter than I do. Get real.

keep it up... your never going to get anywhere!

Vicente says

However now that I've seen fighting in the trenches, I am no longer willing to play with people's lives like they are toys on a board.

So you think keeping artificially low interest rates over long time, inflating one bubble after another, bailing out well connected banks etc., do not constitute playing with people's lives? My goodness, you need your head examined!

turtledove says

Well, you show me where I ever said that the crony rich achieve their wealth through "smarts, hard work, and sacrifice," (or anything even resembling that) and I will be more than happy to answer your question

Sorry-didn't know you were only referring to the "cronies". By the way--how can you tell a "crony" from a rich person that achieved their wealth through hard work? Or a "job creator"? Is there a special handshake? Or do they wear a special pin?

Seriously--show me one very wealthy individual that didn't donate to political campaigns. Or use their influence in Washington to their advantage.

turtledove says

They refuse to distinguish between cronies and people who work hard and earn well.

Like I said--please educate me. How can I properly distinguish between the two different types?

one smells like summers eve, the other, spaghettiOs...

tatupu70 says

Like I said--please educate me. How can I properly distinguish between the two different types?