patrick.net

spydah_hh says

Then you call for money to go into the hands of the middle class but don't seem to understand the consequences of that action.

yes, inflation, of course I understand that.

http://research.stlouisfed.org/fred2/graph/?g=uch

But we can channel it so this inflation does not hit real estate or health care, and to do this we need supply-side solutions for real estate (building an oversupply of homes) and price-controls for health care, just like every other major economy operates by.

And price inflation only hits areas were buyers bid up the price in the face of scarcity, as suppliers find pricing power over buyers.

We're pretty much in a post-scarcity world for a lot of consumer goods and services, and we'd have even less scarcity if we could get more production going here at home.

I can give you all the data or facts you'll just turn it around and call it dogma

no, I just call assertions unsupported by anything and otherwise nonsensical dogmatic, like mom & pop stores going up against a totally deregulated Walmart and winning.

That's just ridiculous, and the main point of online argumentation is identifying the point of departure where competing, debating viewpoints irreconcilably differ.

I'm pretty happy parting intellectual company with you over stuff like that.

Also you seem to believe that the FED have the powers to fix an economy when they don't, even if they were to somehow flow that excess money to the hands of the people you seem to think that that'll work.

Sure, like I said above a wage-price spiral (like 1920s Weimar and 1970-82 in the US) serves to lift the existing burden of debt, a burden that largely sits on the lower quintiles, the lower two of which actually have negative net worth.

You increase taxes upon corporations and all they will do is pass it into wages (paying workers less) or into consumers (having them pay more, which lowers demand and leads to layoffs) or even go to tax haven areas.

again, constructed conservative dogma pushed by your corporate-funded think tanks like Heritage Foundation and AEI. Other nations tax 2X what we do.

Happier nations at that.

spydah_hh says

You increase taxes upon corporations and all they will do is pass it into wages (paying workers less) or into consumers (having them pay more, which lowers demand and leads to layoffs) or even go to tax haven areas.

Why would you think that? As corporate tax rates have gone down, did they lower prices? Raise worker pay?

Of course not. They pocketed the difference.

Bellingham Bill says

we're not fucking Argentina, we're the UNITED STATES OF AMERICA

We put a dozen men on the moon FFS.

Uh-ha! Jingoism is the new liberal mantra. If a conservative says this, it would be abhorring. But it is ok since a self-proclaimed socialist says that.

Yes, I remember reading similar tone in history, particularly from National Socialist Party members in Germany.

Bellingham Bill says

I'd like to see a 'public option' for health insurance (like Canada and the rest of the first world) and personal finance market segments (a 'state bank' like what Norway and N Dakota has), but that's about it.

All of these countries depend on this country to save their asses. And, none of them have yet sent a man on the moon. So stop cherry-picking data to support your assertions.