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On September 12 2013 10:07 sam!zdat wrote: ^case in point
notice the part where I said I was just offering an analysis of the way things are? Yeah, why do you ask?
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On September 12 2013 09:55 sam!zdat wrote: either way. It amounts to the same thing, whether your landlord is a private entity whose landlord is then the territorial power, or just the territorial power directly. Maybe there's a distinction and my language is imprecise
If I understood ground rent right, then I'm gonna dissagree with your point. Ground rent isn't the problem, since it is a contractual relationship between the owner of the land and those that use it. The problem, in your perspective, should be land ownership in the first place.
Another thing is that you probably have 18th-century England in mind when you claim "a main part of the function of property tax/ground rent is to make it impossible for you to escape from the monetized economy" (the enclosure process comes to mind). In modern times, communities centered around subsistence farming are hardly an option (and would be even with both land ownership and no property taxes). Only the most eccentric would be willing to forgo everything modern society has to offer to live in this theoretical commune.
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maybe. This might change though over the next few decades as things like biotech and 3d printing enable more things to be manufactured in a decentralized manner. As these things progress the mode of production changes and might enable more freedom from global supply chains (and being dependent on global supply chains is the scary thing imo)
it's true that I also think you need a culutral shift in perceptions of what material propserity means, away from unrealistic midcentury american standards. I'd rather have time than stuff
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Now you're just being utopic . But hey, time will tell.
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gotta stay sane somehow shrubbie
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On September 12 2013 10:29 sam!zdat wrote: it's true that I also think you need a culutral shift in perceptions of what material propserity means, away from unrealistic midcentury american standards. I'd rather have time than stuff You're pretty free to choose more time over more stuff.
That's largely the direction the economy has been moving in too. People want additional services and experiences rather than additional stuff (for the most part).
I'm going to take this to mean that you're finally coming around to embracing the status quo and sleep well tonight
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I'll start sleeping at night when we stop printing infinite money to prop up a recovery that isn't happening
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On September 12 2013 11:09 sam!zdat wrote: I'll start sleeping at night when we stop printing infinite money to prop up a recovery that isn't happening I'd be happy if some of that infinite money made it out and actually increased the (broad) money supply. But, alas, it is what it is...
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yeah. Alas. It's just too bad, isn't it. Too bad. But what are ya gonna do? Certainly not, you know, actually get indignant about something for a change. Not jonny.
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Ugh. Printing money is fine. I don't know why people keep spouting this stuff. You're supposed to print money in that situation. Why do people act like this is a bad thing?
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are you serious? You think you can just print money infinitely and everything will be okay? We have no exit strategy for QE and it's not doing anything except paying banks to hold cash and inflating equity values. It's a hostage situation basically
I love how people have been convinced that monetary policy doesn't matter and anyone who thinks it does is a crazy person
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Can't let the party stop man. If the party stopped we might have a revolution on our hands. Much better for the potato to keep changing hands until it blows up like a nuclear bomb and kills the economy.
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doublereed you would be correct if this were a cyclical crisis as ideology demands that it must be (because ideology can only admit the existence of cyclical crisis). But it is not cyclical crisis it is structural crisis. That is why QE is doing nothing and will not do anything. They are trying to flood the engine with gas to get it started again, but the problem is the axle is broken.
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On September 12 2013 11:48 DoubleReed wrote: Ugh. Printing money is fine. I don't know why people keep spouting this stuff. You're supposed to print money in that situation. Why do people act like this is a bad thing? Marxists are simply still a bit butthurt that it was money printing and Keynes that pretty much left us fucked.
And concerning libertarians, I am not sure myself at times.
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On September 12 2013 12:30 sam!zdat wrote: doublereed you would be correct if this were a cyclical crisis as ideology demands that it must be (because ideology can only admit the existence of cyclical crisis). But it is not cyclical crisis it is structural crisis. That is why QE is doing nothing and will not do anything. They are trying to flood the engine with gas to get it started again, but the problem is the axle is broken.
Uhm. No. Financial Crises are different from a normal cyclical crisis which we would just jump back from. That's already been pretty firmly understood.
This isn't a "structural crisis" either. The structural part is just because we didn't do a large enough stimulus to get the financial markets back on track. And we're up against the zero lower bound. So yes, there are going to be long-term drags on the economy and such but it's not structural in nature. That's just to excuse the shoddy job we've done in responding to the crisis.
Printing money is basically harmless right now. This idea that it's going to do serious harm is just the normal ideological scaremongering that always happens whenever printing money is ever suggested.
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yeah we should have given the crooks even more money, that would have helped
jobs are gone and never coming back. The economy has no use anymore for human beings, we are obsolescent. I'd call that a structural crisis
but yeah sure it'll all work out fine just keep printing
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On September 12 2013 13:11 sam!zdat wrote: yeah we should have given the crooks even more money, that would have helped
The bailout is not the same thing as the stimulus.
jobs are gone and never coming back. The economy has no use anymore for human beings, we are obsolescent. I'd call that a structural crisis
but yeah sure it'll all work out fine just keep printing
Bull. Fucking. Shit.
Do you honestly think there isn't more shit to do in the US? This is such an obviously ridiculous thing to say. We have plenty of crap that needs doing. We are not at all at full employment.
And what's worse is that this is exactly the attitude that will prevent us from getting to full employment. It can create a self-fulfilling prophecy and cause more economic stupidity than we've already had. Stop it. We have to get our economy back to work.
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there is stuff to do but the private sector can't do it
stimulus bailout whatever it's all free money to capitalist scum from where I'm standing
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On September 12 2013 13:21 sam!zdat wrote: there is stuff to do but the private sector can't do it
Yea, and our public sector is what is lagging most right now because of austerity.
stimulus bailout whatever it's all free money to capitalist scum from where I'm standing
You do know that a significant chunk of stimulus was just sent to the states to help out with their budgets, right?
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