EPTU.S. Midterm Elections 2010 - Page 3
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jaminz
United States208 Posts
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crayhasissues
United States682 Posts
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crayhasissues
United States682 Posts
On November 02 2010 11:09 red_b wrote: Friedman's version of economics never displaced neoclassical synthesis as the main theoretical background taught at the university level. And for all the stuff Friedman said, much of it proved to be incorrect. There is significant video of him saying that socialized medicine would break countries and here we are in 2010 and the best systems all have some degree of socialization. and what is the deal with so many people saying that output levels are a poor measure of economic performance? this must be the one of the new conservative excuses for why their policies blow ass so hard. As populations increase, GDP should be higher. Therefore GDP isn't the greatest indicator. GDP per capita may be a little better measurement. Keynesian economic theory is all sorts of fail. Look how it has turned out for us, Japan, and the UK. And don't say China, they can actually afford it (we can't). | ||
motbob
United States12546 Posts
On November 02 2010 11:13 Scruffy wrote: As populations increase, GDP should be higher. Therefore GDP isn't the greatest indicator. GDP per capita may be a little better measurement. Keynesian economic theory is all sorts of fail. Look how it has turned out for us, Japan, and the UK. And don't say China, they can actually afford it (we can't). Whoa whoa. I agree the Keynesian Theory has severe limits but citing Japan as an example of that is pretty bad. I mean, the Japanese government was making interventions into the economy that Keynesian theory would absolutely not recommend, and they intervened in ways that Keynes would recommend a long time after the Lost Decade began. Basically, referring to Japan as a failed instance of applied Keynesian theory is a massive strawman argument. | ||
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Navi
5286 Posts
On November 02 2010 11:18 motbob wrote: Whoa whoa. I agree the Keynesian Theory has severe limits but citing Japan as an example of that is pretty bad. I mean, the Japanese government was making interventions into the economy that Keynesian theory would absolutely not recommend, and they intervened in ways that Keynes would recommend a long time after the Lost Decade began. Basically, referring to Japan as a failed instance of applied Keynesian theory is a massive strawman argument. ya i didn't want to talk more in this thread about econ but Japan is a terribad example there is no completely right theory, so people don't have to get their asses up the wall trying to prove so. that's why they are theories, they help guide us through their principles. there will be certain market times and conditions where a certain theory seems to hold more truth than another, but that's why economics exists as a viable field of study, innit?  | ||
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Chex Mix
76 Posts
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sk`
Japan442 Posts
On November 02 2010 11:41 Chex Mix wrote: You'd think in a battle the insane would win that though, easily... in Japan we have like 20 odd political parties, so it is all a joke. Best party name is "Happiness realization party". And that isn't my translation of their name, that's their's.Ahh, Republicans vs. Democrats. The classic battle between the insane and the incompetent. | ||
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pfods
United States895 Posts
On November 02 2010 11:06 Tuneful wrote: Yes, but I still wouldn't trade it away. Every day I am thankful that I live here and not somewhere else. I don't think that being grateful for what you have, despite it being "broken," is "herpderp." cool patriotism bro. i can think of five other countries that i would rather live in off the top of my head(that might actually care about me). america is not one of them. already plan on moving, so save the genius come back. User was temp banned for this post. | ||
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Calidus
150 Posts
On November 02 2010 11:09 red_b wrote: And for all the stuff Friedman said, much of it proved to be incorrect. There is significant video of him saying that socialized medicine would break countries and here we are in 2010 and the best systems all have some degree of socialization. Socialized Medicine to one degree or another has been in place for about 30-40 years? It may not be breaking countries but it has been chipping away little by little over time. The economic explosion of the late 80s and 90s with the .coms had the ability to absorb and hide a large number of choices both Keynesian and Friedman. I think it is a little hasty to consider Friedman wrong on socialized medicine. | ||
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Romantic
United States1844 Posts
On November 02 2010 11:41 Chex Mix wrote: Ahh, Republicans vs. Democrats. The classic battle between the insane and the incompetent. I am guessing you subscribe to my person idea of the insane being Republicans and the utterly incompetent being Democrats  | ||
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smokeyhoodoo
United States1021 Posts
On November 02 2010 11:47 sk` wrote: You'd think in a battle the insane would win that though, easily... in Japan we have like 20 odd political parties, so it is all a joke. Best party name is "Happiness realization party". And that isn't my translation of their name, that's their's. I would kill for twenty political parties. | ||
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angelicfolly
United States292 Posts
On November 02 2010 11:52 pfods wrote: cool patriotism bro. i can think of five other countries that i would rather live in off the top of my head(that might actually care about me). america is not one of them. already plan on moving, so save the genius come back. It's cool when the country actually allows you to do that, I mean ins't that something to be grateful for? You might actually have a hard time finding a country made for you.... | ||
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city42
1656 Posts
On November 02 2010 11:52 pfods wrote: cool patriotism bro. i can think of five other countries that i would rather live in off the top of my head(that might actually care about me). america is not one of them. already plan on moving, so save the genius come back. My ingenious comeback is that you're awfully redundant. Notice I used the word "ingenious" there, since "genius" is not an adjective but a noun. Anyway, this midterm will be interesting. The validity of their complaints can be debated ad infinitum, but many people simply aren't satisfied with the current state of things. If the GOP can somehow reach 60 in the Senate, the next two years of Obama's tenure will not be fun for his administration. | ||
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pfods
United States895 Posts
On November 02 2010 12:27 angelicfolly wrote: It's cool when the country actually allows you to do that, I mean ins't that something to be grateful for? You might actually have a hard time finding a country made for you.... what is with you people? do you actually think america is the only country with "freedom"? and why should i be grateful? that i wasn't born in north korea? what did the country have to do with that? i thank my parents for not being korean for that one. country had nothing to do with it. | ||
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a176
Canada6688 Posts
Dear Americans, do yourself a favor. Vote for a majority, so shit can actually get done in your government. I'm tired of hearing on the news how "fed up" people are with obama, when for some reason they don''t realize its the partisan tomfuckery of the house. | ||
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Ichabod
United States1659 Posts
4 of the above Democrat districts are considered 'safe.' 11 of the Republican districts are considered 'safe.' | ||
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angelicfolly
United States292 Posts
On November 02 2010 12:33 pfods wrote: what is with you people? do you actually think america is the only country with "freedom"? and why should i be grateful? that i wasn't born in north korea? what did the country have to do with that? i thank my parents for not being korean for that one. country had nothing to do with it. Hmm, it actually does, when the country give you the ability to get things down, you kinda want at least to be grateful you had the opening to do what you want. Hint, it's not just being born, it's what they offer YOU. Oh don't go to another country thinking they need to cater to you, it doesn't happen. | ||
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LaLLsc2
United States502 Posts
No on 23 Please vote! I wish we could combine some of Jerry's views with the business sense of Meg to create the ultimate gov. =[ unfortunately we have two shitty choices. | ||
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Sabu113
United States11075 Posts
The apocalypse is coming. Government gridlock and no sign of the fiscal stimulus that we clearly need. The fears of a liquidity trap aren't too ridiculous imo. To touch on the Japan argument, Japan never really engaged in a proper stimulus effort. There was a good deal of monetary work, but limited fiscal stimulus and a limited banking sector revamp. At least this holds true as far as 1999, I am a bit unfamiliar with the policies post 2000. Being a Cali voter just sucks. Hopefully the gerrymandering and marijuana laws pass. Just unhappy with the legislature. I really really don't like what the Dems have done and they deserve to be punished harshly, but the California republican party is... T_T . It's going to be fun once we see what liabilities we are on the hook for once the ridiculous pension benefits start coming due/ we are required to properly fund them. Cops and firefighters are robbing the people with a smile. | ||
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Roe
Canada6002 Posts
On November 02 2010 13:16 Sabu113 wrote: Any one else sympathetic to Krugman's column last friday? The apocalypse is coming. Government gridlock and no sign of the fiscal stimulus that we clearly need. The fears of a liquidity trap aren't too ridiculous imo. not too sure about that. just hold strong and work together to get through this. don't let religious fear mongering get to you. Albert Einstein issued one of my favourite quotes in the history of the spoken word, and it is as follows: in the middle of difficulty lies opportunity! | ||
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