Originally I wanted to create a poll in order to tally the stances of TL members but it is rather impossible; it occurred to me terms like conservatism and liberalism are relative and using parties is exclusive.
So instead I'll start with this interesting video of Peter Schiff; a libertarian currently running for the U.S. Senate. He was apparently an outcast and comedic genius for his commentary on news stations before the collapse of the US economy.
Aren't these policies just common sense? The masses of people in Democratic (directly by the people) countries seem still too ignorant to foster these ideologies. For example; when a politician suggests the government shouldn't be in the business of giving student loans or grants (please watch video below before responding to this) then it is akin to political suicide. If you dig deeper into the question doesn't it really make sense though?
I really like the Libertarian party because they offer the most political and economic freedom as possible imo; with government only established to protect property. The idea of Libertarianism is also spreading to many other countries. It would seem the Libertarian Party isn't making much progress though. Reasons people seem not to vote for new parties is because of indoctrination (only vote parent's party/treat like religion) or say they don't want to waste their vote.
On January 09 2010 08:42 synapse wrote: Fox News, not even gonna bother.
Actually there are video clips of him being mocked from different shows not simply Fox News. You can see more of them on YouTube if you actually needed.
On January 09 2010 08:42 synapse wrote: Fox News, not even gonna bother.
Actually there are video clips of him being mocked from different shows not simply Fox News. You can see more of them on YouTube if you actually needed.
Oh, my bad. Knowing that Peter Schiff was involved in Ron Paul's 2008 party nomination run, I kind of just assumed... you know.
One thing I find funny is that Schiff talks about the collapse of the housing market brought about by free market capitalism, one of the main ideologies of Libertarianism.
Peter Schill laid down the fucking law. I don't know enough about him to say more than that. The other guy was a fucking moron though. That other guy is the exact reason I got out of finance. Paper wealth is such a disgusting concept, money multiplier, the entire method of market valuation, just fucking ugh. It makes me so mad to think about it again.
Yeah, the price of something should be whatever people are willing to pay at that point. That makes a LOT of sense. NOT.
AKA, during some kind of shortage panic, you see prices shoot through the roof without government intervention. People are willing to pay it because they're freaking out. It's fear based inflation. Is the product really worth that? No. Half the time, panics are induced by suppliers to drive prices through the roof, then they pocket the profit and calm things back down. ie Enron.
I feel bad for the guy. Those other scumbags on the show laughing at him are deep in the pockets of the private interests that built these bubbles in the first place. Morons who either don't understand what's going on, or DO understand and are complicit in the deceit.
The problem with it though, is that government intervention in market prices is absolutely critical. A capitalist market has never said that there should be zero government intervention. Look at all the requirements for a perfect capitalism. No society in the world meets those and it has nothing to do with government intervention. It has a lot more to do with the fact that consumers are NOT always well-informed and people are NOT always acting on perfect information. This is why the free-market principles can only take an economy so far. Government must intervene to put price ceilings and floors into the market at times to prevent damaging volatility.
On January 09 2010 08:42 synapse wrote: Fox News, not even gonna bother.
Actually there are video clips of him being mocked from different shows not simply Fox News. You can see more of them on YouTube if you actually needed.
Oh, my bad. Knowing that Peter Schiff was involved in Ron Paul's 2008 party nomination run, I kind of just assumed... you know.
One thing I find funny is that Schiff talks about the collapse of the housing market brought about by free market capitalism, one of the main ideologies of Libertarianism.
No actually, thats not what he says. Wow, your english must be horrible. And this one.
On January 09 2010 08:42 yhnmk wrote: I like peter SCHIFF. Quite a lot, I think peter SCHIFF is a good man, and I hope he is elected.
SHIFF.
On January 09 2010 08:42 synapse wrote: Fox News, not even gonna bother.
you're a dumbass, kthxbye.
Fixed it for you.
One thing I find funny is that Schiff talks about the collapse of the housing market brought about by free market capitalism, one of the main ideologies of Libertarianism.
Do I have to correct you? Which part was it that made you think this? The fact that he suggested the government shouldn't be bailing out corporations or...? How does a free market evolve when the government funds and saves failing companies?
On January 09 2010 08:42 yhnmk wrote: I like peter SCHIFF. Quite a lot, I think peter SCHIFF is a good man, and I hope he is elected.
SHIFF.
On January 09 2010 08:42 synapse wrote: Fox News, not even gonna bother.
you're a dumbass, kthxbye.
Fixed it for you.
One thing I find funny is that Schiff talks about the collapse of the housing market brought about by free market capitalism, one of the main ideologies of Libertarianism.
Do I have to correct you? Which part was it that made you think this? The fact that he suggested the government shouldn't be bailing out corporations or...? How does a free market evolve when the government funds and saves failing companies?
I'm saying he's predicting the collapse of the housing market, which we know was brought about by subprime lending (which he did state - subprime lending = capitalist market risk taking by banks), when Libertarianism revolves around free market capitalism. The fact that he suggested government shouldn't be bailing out corporations would make him Libertarian, but I'm saying that's exactly what saved our economy.
Essentially, Schiff supports free market yet the free market is what caused the housing market collapse, and without government intervention our nation would be even more fucked.
On January 09 2010 08:56 StorkHwaiting wrote: Peter Schill laid down the fucking law. I don't know enough about him to say more than that. The other guy was a fucking moron though. That other guy is the exact reason I got out of finance. Paper wealth is such a disgusting concept, money multiplier, the entire method of market valuation, just fucking ugh. It makes me so mad to think about it again.
Yeah, the price of something should be whatever people are willing to pay at that point. That makes a LOT of sense. NOT.
AKA, during some kind of shortage panic, you see prices shoot through the roof without government intervention. People are willing to pay it because they're freaking out. It's fear based inflation. Is the product really worth that? No. Half the time, panics are induced by suppliers to drive prices through the roof, then they pocket the profit and calm things back down. ie Enron.
I feel bad for the guy. Those other scumbags on the show laughing at him are deep in the pockets of the private interests that built these bubbles in the first place. Morons who either don't understand what's going on, or DO understand and are complicit in the deceit.
The problem with it though, is that government intervention in market prices is absolutely critical. A capitalist market has never said that there should be zero government intervention. Look at all the requirements for a perfect capitalism. No society in the world meets those and it has nothing to do with government intervention. It has a lot more to do with the fact that consumers are NOT always well-informed and people are NOT always acting on perfect information. This is why the free-market principles can only take an economy so far. Government must intervene to put price ceilings and floors into the market at times to prevent damaging volatility.
I do agree about paper currency and really wish to see the day of true digital currency. I think that then any organization or even third party can develop to hold currency offering a competitive aspect to its existence.
I don't really understand what you meant by price ceilings and floors. Why do you think those are necessary? (Some specific instances.)
He says that education and healthcare are the two most messed up areas of the economy because government is involved... hey, find me a significantly large area of the economy where government is not involved.
started following his youtube channel a few month ago and just have to say that this guy is awesome, all the videos where he proofed that he was right and no one believed him. also he always gives great examples why things in the current state are wrong or just not working.
i adore him, he's a smart guy and really hope he can make it in the senate and make an impact!
On January 09 2010 08:42 yhnmk wrote: I like peter SCHIFF. Quite a lot, I think peter SCHIFF is a good man, and I hope he is elected.
SHIFF.
On January 09 2010 08:42 synapse wrote: Fox News, not even gonna bother.
you're a dumbass, kthxbye.
Fixed it for you.
One thing I find funny is that Schiff talks about the collapse of the housing market brought about by free market capitalism, one of the main ideologies of Libertarianism.
Do I have to correct you? Which part was it that made you think this? The fact that he suggested the government shouldn't be bailing out corporations or...? How does a free market evolve when the government funds and saves failing companies?
I'm saying he's predicting the collapse of the housing market, which we know was brought about by subprime lending (which he did state - subprime lending = capitalist market risk taking by banks), when Libertarianism revolves around free market capitalism. The fact that he suggested government shouldn't be bailing out corporations would make him Libertarian, but I'm saying that's exactly what saved our economy.
Essentially, Schiff supports free market yet the free market is what caused the housing market collapse, and without government intervention our nation would be even more fucked.
I remember listening to the video but do not remember him saying the government should regulate who lenders should lend to. Would you kindly give me the quote to evaluate if it exists. If I out of stupidity lend you 1 million, and you do not pay me back, why would someone else care or be affected?
this guy was in the times or the economist a few months ago. but honestly, it doesnt take a genius to spout government is evil libertarian doomsday crap
On January 09 2010 09:31 iamho wrote: this guy was in the times or the economist a few months ago. but honestly, it doesnt take a genius to spout government is evil libertarian doomsday crap
Actually it is pretty difficult and he clearly demonstrates why with the resistance he receives from people like you. It would be nice if you mentioned a view of Libertarianism that is "doomsday bull crap." It would help! Since you wish me to evoke telekinesis may I start by asking you why it is a good idea for a government to give peoples money to save nonperforming failing companies? Is it so perhaps its CEOs and directors can buy a plane or their children a Ferrari (what deep thinkers like you call stimulating the economy)? That would seem like a really stupid idea. It would seem like it is a better idea to let performing companies survive and prosper to take their place. Isn't that the whole damn point to a free market; a certain evolution of the economy. I might have to agree with you that this stuff is easy after all!
I'd like to say that as an in-state NC student, my tuition + fees is about $5,500 a year. Now this is because I go to a public University that is subsidized by the government. I somewhat agree that the government shouldn't be giving students loans, however there are other forms of subsidies. Government scholarships are good, and the government could subsidize the professors. Tuition for in-state students of public schools is not that expensive because of government backing.
Didn't watch the first video, but his logic is faulty in the second video.
Schiff didn't prove that loans caused increased tuition, he simply stated that a correlation exists between the arrival of government loans and increases in tuition. Correlation does not mean causation.
Also, logic states that with all the new technology, education should be more expensive, not cheaper because more money would need to be spent to acquire the new technology. Technology did not change that fast back in the day, neither did progression in academics. Nowadays more knowledge is produced and at a faster rate, so universities need more resources to acquire newer, costlier ways of producing knowledge.
Of course, there are other reasons why tuition costs more today exclusive of the need to acquire more technology, but it still doesn't mean he's necessarily right.
On January 09 2010 08:42 yhnmk wrote: I like peter SCHIFF. Quite a lot, I think peter SCHIFF is a good man, and I hope he is elected.
SHIFF.
On January 09 2010 08:42 synapse wrote: Fox News, not even gonna bother.
you're a dumbass, kthxbye.
Fixed it for you.
On January 09 2010 08:52 7Strife wrote:
On January 09 2010 08:42 synapse wrote: Fox News, not even gonna bother.
Actually there are video clips of him being mocked from different shows not simply Fox News. You can see more of them on YouTube if you actually needed.
Oh, my bad. Knowing that Peter Schiff was involved in Ron Paul's 2008 party nomination run, I kind of just assumed... you know.
One thing I find funny is that Schiff talks about the collapse of the housing market brought about by free market capitalism, one of the main ideologies of Libertarianism.
No actually, thats not what he says. Wow, your english must be horrible.
EPT
