patrick.net

CaptainShuddup says

take up a new business venture.

I knew an old guy in Oakland that used to tell me stories about starting his printing business in the 1930's. They had nothing, and built some of the equipment they needed out of scrap. Through hard work and ingenuity, he was very successful and, though he is gone, he ended up in Piedmont and created family wealth that exists to this day. He started in the Depression but grew his business in an era and an environment of general growth and prosperity among his entrepreneurial cohort.
Nothing similar could happen today. Especially in the Bay Area.

The next many years are going to be a long screaming argument over who gets what out of the shrinking pie.

Robert Sproul says

I knew an old guy in Oakland that used to tell me stories about starting his printing business in the 1930's. [removed random platitudes about he worked hard and grew his business]
Nothing similar could happen today. Especially in the Bay Area.

Yeah really, no one has ever founded a new business in the Bay Area since the 1930s.

corntrollio says

Yeah really, no one has ever founded a new business in the Bay Area since the 1930s.

Yeah, well, you haven't.
Or you would at least get my point.

PolishKnight says

Why does the left mock and dehumanize poor and lower middle class white guys while simultaneously pitying and excusing African Americans in similar socioeconomic situations?

Do we complain about income inequality for blacks or for the whole underclass? Do we complain about the prison industrial complex as pertains to blacks only or for everyone?

Now, in both cases, institutional racism and classism play a role, thus disproportionately affecting minorities, particularly blacks. But that's a symptom of the cause of inequality and racism.

Whereas I'm quite certain that if the mostly white GOP were the permanent underclass they'd change their positions in a flash, we liberals would still believe that inequality was an evil to be righted, even if the only victims were white Appalachians.

Robert Sproul says

corntrollio says

Yeah really, no one has ever founded a new business in the Bay Area since the 1930s.

Yeah, well, you haven't

You are wrong there, but your point was specious to begin with. There are tons of entrepreneurial people doing just fine in the Bay Area.

Robert Sproul says

He started in the Depression but grew his business in an era and an environment of general growth and prosperity among his entrepreneurial cohort.

This exists right now -- there is an environment of general growth and prosperity among Bay Area entrepreneurs. If you don't think so, you need to rethink your point.

Robert Sproul says

CaptainShuddup says

take up a new business venture.

I knew an old guy in Oakland that used to tell me stories about starting his printing business in the 1930's. They had nothing, and built some of the equipment they needed out of scrap. Through hard work and ingenuity, he was very successful and, though he is gone, he ended up in Piedmont and created family wealth that exists to this day. He started in the Depression but grew his business in an era and an environment of general growth and prosperity among his entrepreneurial cohort.

Nothing similar could happen today. Especially in the Bay Area.

You are probably saying the good old days are gone forever.
Ingenuity never dies, especially in a country where it is allowed to flourish.
The future is full of gadgets and inventions that are unimaginable to the human mind at this point. 90% of all inventions happened in the last 50 years or whatever that figure is. The next 50 years might even be better because we have more scientists then ever before, and more people are living in a free democracy then ever before.
The future will be a wonderful place to live in.

corntrollio says

This exists right now -- there is an environment of general growth and prosperity among Bay Area entrepreneurs. If you don't think so, you need to rethink your point.

Silicon Valley is a hot bed for venture capitalists. People from all over the world go there to seek their fortune. Just look at Apple. Started in a garage and today it practically rules the world of gadgets with its innovations.

bgamall4 says

2. They want to surround Russia and risk nuclear war.

Why?

looks like the demand side economists need the crutches of tariffs and protectionism now. there is no end to it.

bgamall4 says

I wonder if he is paid by the New World Order

I highly doubt it considering nobody has given him much credence here. Either that, or the "NWO" is sure namby-pamby at executing their strategy.

corntrollio says

but your point was specious to begin with. There are tons of entrepreneurial people doing just fine in the Bay Area.

Well, maybe less "tons" than there used to be.

I am sure you are right about your tech cohort.
In the larger world, not so much.

I never heard of demand side economics. I see the term exists though.

How about "both sides economics."

Strategist says

it practically rules the world of gadgets with its innovations.

Innovation in the World of Gadgets!
The World is Saved!

Call it Crazy says

Strategist says

How does one get on the payroll of this New World Order? They should pay me too.

You're not eligible, you're an economist, remember??

You know economists are probably the most discriminated of occupations. They get paid nothing, they are always wrong, and always full of 20/20 hindsight. And everyone thinks they are nuts.

Call it Crazy says

Strategist says

How does one get on the payroll of this New World Order? They should pay me too.

You're not eligible, you're an economist, remember??

You know economists are probably the most discriminated of occupations. They get paid nothing, they are always wrong, and always full of 20/20 hindsight. And everyone thinks they are nuts.

bgamall4 says

They should pay you. You just have to sell your soul to the devil to qualify.

When has that ever been a problem? My soul has been sold more often then the Brooklyn Bridge.

Robert Sproul says

Strategist says

it practically rules the world of gadgets with its innovations.

Innovation in the World of Gadgets!

The World is Saved!

It's like the better health through chemistry idiots of the 60's, they are all dead of Leukemia and other Cancerous horrible deaths now.

bgamall4 says

Strategist says

You know economists are probably the most discriminated of occupations. They get paid nothing, they are always wrong, and always full of 20/20 hindsight. And everyone thinks they are nuts.

They rely on models instead of reality. That means they are like lawyers, serial liars.

No, lawyers know they are serial liars. Economists don't.

bgamall4 says

They rely on models instead of reality. That means they are like lawyers, serial liars.

Not Austrians. Most use empirical data, the Austrians use a priori methods.

CaptainShuddup says

Robert Sproul says

Strategist says

it practically rules the world of gadgets with its innovations.

Innovation in the World of Gadgets!

The World is Saved!

It's like the better health through chemistry idiots of the 60's, they are all dead of Leukemia and other Cancerous horrible deaths now.

The iwatch is supposed to come out in October with a feature that will monitor your health. Please buy it.

corntrollio says

Except that that isn't true. The countries that embraced EU migrants saw booming economies, and those that didn't (excluding Germany) didn't. It was only the burst of the credit bubble that changed this, but likely only on a temporary basis. The reality is that migrants in Europe are far less likely to be on benefits than natives and are likely net contributors to pension systems.

This was true after WW2 when immigrants mostly from within (todays) EU and close neighbor countries immigrated and helped rebuild Europe. Ironically a lot of those have been absorbed into the culture and are often more "conservative" and tougher on today's immigrants than the indigenous/autochthons because they mostly bring crime and welfare bills to Europe due to complete cultural mismatch and the unwillingness to at least partially assimilate. Today's immigrants in most European countries are far more likely to be on benefits and huge net losses for the pension systems. And they do cheat the system quite often. Most 1st and 2nd generation immigrant families have nothing to do with them and don't want to.

marcus says

I never heard of demand side economics. I see the term exists though.

How about "both sides economics."

the only fix is to increase the skill level of american labor force.
thats the only way american workers can get decent money for less number of hours.

everything else is just politics...either right wing or left wing.

jkaldi1 says

the only fix is to increase the skill level of american labor force.

thats the only way american workers can get decent money for less number of hours

The fix is re balancing the trade.

bgamall4 says

Strategist says

They should pay you. You just have to sell your soul to the devil to qualify.

When has that ever been a problem? My soul has been sold more often then the Brooklyn Bridge.

I am sorry for you.

Thanks, but I don't deserve it.

I'm holding out for the next generation that will repair DNA.

bgamall4 says

he only problem with Austrians that I can see, is that they believe all depressions are the same. They don't see the difference between credit depressions and other slowdowns, or even retooling after war, like in 1921. They are kind of challenged when they promote the mumbo jumbo that credit depressions are not bad. They are bad.

What you talking about Willis?

bgamall4 says

not be a problem to have a credit crisis and let all the big banks fail at once.

Yup, damn skippy.

bgamall4 says

I am just saying that while I sympathize with them, I think the result would not be as harmless as they say.

That's cuz you don't understand Austrian economics.

Do yourself a favor and head over to the Mises institute and you will be smart like me.

Yes, but Australia was not hit that hard during the 20's. They were one of the few countries that escaped unharmed....

bgamall4 says

Austrians often cite the 1921 depression when saying that it would not be a problem to have a credit crisis and let all the big banks fail at once.

bgamall4 says

but I am convinced that at least some Austrians believe that depressions are cool.

Not cool but an absolute necessity to allow the market to clear so that there can be future growth. This is the problem we have now that the FED did not allow the big banks to fail and thus allow new businesses to grow. Think of it as a forest that requires older disease trees to fall so that sunlight and water can get to new saplings.

bgamall4 says

I would like to see the big banks dismantled, but not a total meltdown all at once.

That is a trope that Paulson and Geithner sold to everyone, TOTAL bullshit.

CaptainShuddup says

I'm holding out for the next generation that will repair DNA.

That's like the Stone Age cave men holding out for the next generation VCR.

How can I get on the payroll of the New World Order.

I feel like such a loser that nobody thinks I am worth corrupting, bribing, paying off or employing for dastardly, world conquering deeds of mayhem.

Ceffer says

How can I get on the payroll of the New World Order.

You have to suck banker dick, do you give good head?

I know, but sometimes i can't help myself....

bgamall4 says

Funny. But for the uninformed, Soft Shell, Austrian economics is libertarian economics. It isn't from Australia or Austria. :)

bgamall4 says

Hey guys, I just ran across a great website. I don't know their total opinion on NWO, but they apparently know some stuff. Jews for gun rights!!!

Interesting worth reading similar to what D’Souza is saying.

The only way demand side will work is by putting tarrifs and quotas and you don't know what. not going to happen !

Ceffer says

How can I get on the payroll of the New World Order.

I feel like such a loser that nobody thinks I am worth corrupting, bribing, paying off or employing for dastardly, world conquering deeds of mayhem.

Just become a politician. That way you get to do all of above, and still be a nice guy.

jkaldi1 says

the only fix is to increase the skill level of american labor force.

Ridiculous.

Let's say you are the best welder in your city, but you need a living wage.

Now the CEO who wants bicycle frames made, could use your great skills at welding and pay you a living wage.

Or they could have some trainees in China do a half-assed "good enough" job at near-slave wages, and ship the bikes over here, on container ships run by more low-paid wage slaves.

I think we know how that turns out. There are lots of very skilled workers here right now, who can't find a job because financiers have decided they can save a nickel here and there and pretty soon they have enough for a 3rd yacht.

Vicente says

ow the CEO who wants bicycle frames made, could use your great skills at welding and pay you a living wage.

Or they could have some trainees in China do a half-assed "good enough" job at near-slave wages, and ship the bikes over here, on container ships run by more low-paid wage slaves.

It just means that there is no demand for bicycles made by skilled welders.
but there are many products where you need high skilled workers.

especially knowledge workers.

maximum money for iphone manufacturing goes to germany not china because of the skill level of german workers.

It is all about rebalancing PERIOD you mutts need to learn about mercantilism.

Did it really require you to start another ludicrous thread simply because one additional person has decided to put you on ignore? But thanks for reposting your comments. At least now everyone can see why he finally decided to do it.