Our Constitution was made only for a moral and religious People. It is wholly inadequate to the government of any other.
I mean capitalism has been the most effective tool in liberating most of the world population from hunger — Shushi
Anyway, automation and AI are going to remove millions of jobs in the next ten years. Then big government in the form of handouts will sound pretty good for most.
). I mean Bill Clinton inherited a good economy when he started office and he didn't really need to do much to keep it that way — Shushi
Here's this article that goes more in depth and explains why those keynesian approaches actually prevented the recession to end quicker than it actually did since it contributed to its prolonged effects.(which was the same with the Great New Deal in the 30's from that recession)Keynesian economics worked to pull us out of a recession in 2009, and you’re probably not old enough to remember the 90s. The economy was doing great for almost everyone.
With an estimated New Keynesian model, this paper compares the "Great Recession" of 2007-09 to its two immediate predecessors in 1990-91 and 2001. The model attributes all three downturns to a similar mix of aggregate demand and supply disturbances. The most recent series of adverse shocks lasted longer and became more severe, however, prolonging and deepening the Great Recession. In addition, the zero lower bound on the nominal interest rate prevented monetary policy from stabilizing the US economy as it had previously; counterfactual simulations suggest that without this constraint, output would have recovered sooner and more quickly in 2009.
The most recent series of adverse shocks lasted longer and became more severe, however, prolonging and deepening the Great Recession.
it often creates monopolies — Shushi
I agree that the Republican Congress missed up by signing that bill that led to that recession, but I don't see how that really changes the main point, about supply side economics (when taken and practiced consistently) would not be beneficial when compared to all the other policies.The deregulation of the banking sector in 2000 was the Republican Congress’s legislation that Clinton signed into law. Clinton was all about triangulation, something I disagree with.
This is unverifiable, and you cannot compare the collapse of 08-09 to 91-92 or 2001.
rid yourself of the silly liberty vs. Government crap — Maw
I was just thinking of mentioning how incredibly anemic this kind of libertarian political ontology is — StreetlightX
rid yourself of the silly liberty vs. Government crap
I was just thinking of mentioning how incredibly anemic this kind of libertarian political ontology is: the only actors that exist are 'free individuals' and 'governments'. That it. It's such a pale caricature of society. It'd be laughed off in any other setting except apparently, the actual world we live in.
Show me one example where this is the case? Quite the contrary, whenever government get involved and passes laws that supposedly regulates competitions, it usually favors bigger businesses as they are far more better with coping with those regulations. for the most part government does not need to intervene in a free market as the self correcting mechanisms in the free market will allow consumers to make businesses conduct their business in such a more effective way that governments cannot, which will pass policies with loophole, which suffers the death a million stipulations/qualifications.Capitalism creates oligopolies — Maw
although this may be a concern, when you compare the benefits with the possible risks and costs as to being the only competition that usually results from Regulatory Capture and Reckless Endangerment (which I explain in a bit why most fortune 500 companies donate to the hard left), it's no comparison, there will be costs like these, but they wont break the monopoliesOn the other hand, it is dangerous for a company to actually be a monopoly because it puts them a severe risk should there be a change in demand, an act of God, etc.. If several large companies produce the same type of good, and there is a sudden decrease in demand for that good, then they all bear the burden, and it would be easier to lower prices to remain competitive against the other firms, thereby mitigating loss.
start with Rob Larson's Capitalism vs. Freedom and then move on to Amartya Sen's Development as Freedom to rid yourself of the silly liberty vs. Government crap.
me and my parents agree that the rest of the countries are garbage, which is why everyone wants to come over here — Shushi
No need to over complicate things, and the Founding Fathers were right about making liberty vs government distinction, which was unique compared to all other countries in history (where true liberty and freedom is virtually non-existent). — Shushi
the self correcting mechanisms in the free market will allow consumers to make businesses conduct their business in such a more effective way — Shushi
Expendable capital is key which allows resources to be used to generate products and services that create demand. — Shushi
I explained why most fortune 500 companies donate to the hard left — Shushi
Get involved in philosophical discussions about knowledge, truth, language, consciousness, science, politics, religion, logic and mathematics, art, history, and lots more. No ads, no clutter, and very little agreement — just fascinating conversations.