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Did you learn nothing from economics? Obviously not. Increasing productivity means producing more product for the SAME cost therefore increasing profits or cutting prices or both. It has zero to do with inflation. Inflation is increasing the money supply in relation to goods and services.
You beat me to it. Fort Wayne evidently has some fundamental misunderstandings of economics and finance if he thinks that productivity is a function of the number of monetary units paid to laborers.
The productivity of workers has increased by a factor of four over the past half century. This has nothing to do with the money supply. But it is the reason why we are materially better off, as a whole, than we were in the 1950s. Unfortunately, as my reference shows, since the 1980s all increases in productivity have been siphoned from the wealth creators (workers) and given to the parasites (executives and owners).
You beat me to it. Fort Wayne evidently has some fundamental misunderstandings of economics and finance if he thinks that productivity is a function of the number of monetary units paid to laborers.
In this post Dan's name is "the pot".
If you're going to try to insult someone either
a. Do it creatively
b. Do it seriously and then support the insult with a good reason
You fail consistently at both.
Did you learn nothing from economics? Obviously not. Increasing productivity means producing more product for the SAME cost therefore increasing profits or cutting prices or both. It has zero to do with inflation. Inflation is increasing the money supply in relation to goods and services.
What do you think will happen when there is double the money?
Houses went from single income to dual income requirement these days in places where both adults work. It ain't much of a secret. You boys read something in textbook and completely fail to understand it in life, especially when it doesn't fit the liberal ideology.
liberal ideology.
You don't know what the liberal ideology is, even though I've told you point blank dozens of time. Conservatives are just too stupid to learn.
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The speaker, Evan Sayet a liberal Jew who had and epiphany is talking about Allan Bloom's book "The closing of the American mind"
It is about 1/2 hour long followed by questions.
In a nutshell, he is saying that the main fallacy of the modern liberal is that there main goal is to not discriminate.
The problem with this is the loss of critical thinking, because to have an opinion would be discrimination. According to Sayet Bloom stated noticing this in the 80s.
Dan comes to mind as an example of this type of non-thinking, and I'm guessing about the right age.
http://www.youtube.com/embed/EIboXTpF6t4