The invasion of the US  

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MG-ɹǝʍo┴
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29/11/2018 1:10 am  
Posted by: Frankone

And Tower, it isn't shish kabobs, it's carnitas, if you're shooting them south of the border. 

I'm shooting from north of the border and hitting those fuckers south of the border! No negotiations! SHSH KABOBS! 


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Itsallbs
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Posts: 584
29/11/2018 1:28 am  

Macro economics is largely bullshit and unhelpful as a model for examining the question at hand.

John Maynard Keyens was full of shit and here is why.

Aggregate demand was dreampt up as a concept by John Maynard Keynes and is calculated by adding together:

  • consumption
  • Net exports
  • spending by government
  • investment

Aggregate Demand = Consumption + Investment + Government Spending + (Exports – Imports)

 

The basic premise is one of supply and demand in so far as a company will not manufacture and try to sell widgets if it does not believe those widgets will sell.

 

The problem is, like many macroeconomic models, it is bullshit because it exists in a  vacuum and ignores the motivations of the millions and millions of people that  make up the world economy.

 

Want to grow the economy?

Simple! Just have the government spend more.

Of course this is bullshit.

Before the government spends money, it has to take money from someone through taxation or borrowing (or it can print money, which effectively takes money through inflation). Money taken from others cannot be spent or invested by them, so we are essentially substituting government spending for private spending.

Wait theres more…

Do you remember not so long ago that Obama was claiming to have rebuilt the economy and saved jobs etc

I think he called it the Reinvestment & Recovery  Act( Market Watcher can correct me If I’m wrong)

Do you know how he calculated this?

Same way most western governments do he pulled it out his ass.

I’ll explain…

First of they assumed their stimulus package had worked -that’s right no evidence they assume.

So say GDP reached $100billion after the stimulus package they just assume it would have been $90billion without it based on their predetermined assumption of the impact of government spending.

Wait it gets better…

They then make another assumption (number pulled out their arse hole) about how many extra jobs must have been required to create that extra GDP and then says well that was the number of new jobs created.

It'sallbs | Leave means Leave| UK owes the EU £0 and must pay £0| £60 billion for the privilege of being avassal state? As a previous PM once said NO,NO,NO


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Don Keyknob
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Joined: 1 year ago
Posts: 1331
29/11/2018 1:36 am  
Posted by: The Evaluator

Macro economics is largely bullshit and unhelpful as a model for examining the question at hand.

John Maynard Keyens was full of shit and here is why.

Aggregate demand was dreampt up as a concept by John Maynard Keynes and is calculated by adding together:

  • consumption
  • Net exports
  • spending by government
  • investment

Aggregate Demand = Consumption + Investment + Government Spending + (Exports – Imports)

 

The basic premise is one of supply and demand in so far as a company will not manufacture and try to sell widgets if it does not believe those widgets will sell.

 

The problem is like many macroeconomic models it is bullshit because it exists in a  vacuum and ignores the motivations of the millions and millions of people that  make up the world economy.

 

Want to grow the economy?

Simple! Just have the government spend more! It’s right in the equation!

Of course this is bullshit.

Before the government spends money, it has to take money from someone through taxation or borrowing (or it can print money, which effectively takes money through inflation). Money taken from others cannot be spent or invested by them, so we are essentially substituting government spending for private spending.

Fucking Deacon Blue!!!!

 


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Frankone
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29/11/2018 1:41 am  
Posted by: Don Keyote
Posted by: Frankone

And Tower, it isn't shish kabobs, it's carnitas, if you're shooting them south of the border. 

Lol  😆 

If Tower says it's Shish Kabobs....trust me....it's Shish Kabobs!!!

No, no, no, it's shish kabobs when he mows down the Muslim hordes (it's a Turkish dish after all, haha).  😀

I actually have mixed feelings on the Muslim immigrants.  Some of them are great -- very hardworking, assimilating well -- the 'first wave'.  But many were later allowed in as 'political refugees' in the city in which I reside-- a second wave.  And these later immigrants, are far slower to assimilate, in my opinion.  I don't view the whole immigration issue as 'all or nothing', i.e. all immigrants bad or all good.  They are individuals.

After a generation or two of exposure to our decadent consumer culture, they should be largely indistinguishable from the natives except for skin color.


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Itsallbs
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Posts: 584
29/11/2018 1:50 am  

Yeah great song that.

..a ship called dignity

What  neo classical economics does is link supply & demand to a persons ability to maximise

  • Profit
  • Utility (amount of satisfaction gained through consumption)

Therefore competition results in an efficient allocation of resources thereby resulting in economic equilibrium.

Now Watcher may point out some of the flaws of the Neo classical approach -probably it's link to rational behaviour (not everyone behaves rationally)

But believe me when I tell you most of the economic problems are caused or if not caused by made worse by Keynesian meddling.

 

It'sallbs | Leave means Leave| UK owes the EU £0 and must pay £0| £60 billion for the privilege of being avassal state? As a previous PM once said NO,NO,NO


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Frankone
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Posts: 19
29/11/2018 1:51 am  

Evaluator: I agree with you 100% on Keynesian economics.  To me, the evidence of its failure is empirical.  Economic growth in centrally planned economies such as the Soviet Union was abysmal.  So with 100% stimulus, why didn't the soviet union dominate the West and win the cold war and have economic growth higher than the West?  That is the failure of Keynesian economics.

The higher the government spending as a percentage of GDP, the lower the economic growth.  The compounding effect over time, of such reduced growth, has been a very real drag on the economy in my opinion.

Remember, when the government picks winners and losers, it does it based on POLITICS, not based on which company deserves the investment.  Real private sector investors suffer LOSSES when they make poor decisions -- a built-in regulation system -- but government officials, can play with your money forever, regardless of whether the spending was wise.

Unfortunately, 'we're all Keynesians now'.  That is to say, the jackass Republicans are just as likely to pass an asanine stimulus bill, as the jackass democrats when recession hits.  It doesn't matter if Keynesian economics is proved wrong empirically; it's still a useful justification for passing ever more spending bills.  The sheeple have no understanding of economics, so they buy into this crap.

Kind of off-topic, but I prescribe to Austrian economists like Ludwig von Mises.  How about you?


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Itsallbs
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Posts: 584
29/11/2018 2:02 am  

Unfortunately, 'we're all Keynesians now'.

Indeed.

I had to pretend I believed Keynesian when they taught me that bullshit @ University way back in 1995.

In answer to your question -Alfred Marshall.

 

It'sallbs | Leave means Leave| UK owes the EU £0 and must pay £0| £60 billion for the privilege of being avassal state? As a previous PM once said NO,NO,NO


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The Evil Genius
Admin
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Posts: 1510
29/11/2018 2:32 am  

I don't know what planet you're living on Frankone but YES illegals collect ALL of the social welfare programs---if they didn't they wouldn't be coming here. 

And if they didn't what exactly would the 300 billion being spent on them go for? 


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Itsallbs
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Posts: 584
29/11/2018 2:38 am  

I don't know what planet you're living on Frankone

Stop starting your expression of your opinions with  needlessly confrontational language.

It's not the kind of behaviour I expect from a forum Administrator or moderator.

Please take a leaf out of Jacob Rees Mogg's book.

Just calmly  state your opinion and logical reasoning.

 

 

It'sallbs | Leave means Leave| UK owes the EU £0 and must pay £0| £60 billion for the privilege of being avassal state? As a previous PM once said NO,NO,NO


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The Evil Genius
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29/11/2018 5:42 am  

Frankone has his big-boy pants on so I think he can handle it for himself. 

Are you familiar with the phrase: The pot calling the kettle black? Evidently not. 


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BigSiameseCat
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29/11/2018 2:26 pm  

Travis3000, this thread has already gone on one tangent involving minorities. Just letting you know, as requested. 😉 


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Frankone
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Posts: 19
29/11/2018 2:36 pm  

Evil Genius: I've lived and worked in the Southwest US, planet Earth.  So I've seen the hispanic immigrants up close, both legal and undocumented.

My experience with the undocumented ones is they try to keep a low profile -- registering for programs they are ineligible for, giving out their address and fake social security numbers, just exposes them to deportation.  If they were coming here to collect welfare, then the employment participation would not be at 87%, their composition would be made up of more elderly and women, rather than young men, and the number of immigrants would not vary so much with US economic market conditions.  Indeed, in past, many were 'migrant workers' that came over the border to bring in the crop, then returned to Mexico.  These workers were regulated formally from the 1940's to the early 1960's under the 'bracero' or manual labor program.  They made up for a shortage of agricultural workers.

Even LEGAL immigrants, under a law passed in 1996, are ineligible for MOST welfare programs for the first 5 years.  For instance, they must wait 5 years before they're eligible for Medicaid and CHIP.  Until that time elapses, they are so-called 'qualified immigrants', not eligible for the full panoply of Big Goobermint Giveaway Programs.  I fully support that and would extend it to 10 or even 20 years.  We have enough native-born moochers!  I'm also all for punishing the huge population collecting SSI/disability who aren't disabled, etc.

It IS true that the percent of immigrant headed households collecting government benefits, is higher than native borns, especially if you include public education for their American-citizen children and school lunches for same.  If you compare them to cohorts in lower income brackets then their participation in the programs is similar.  Last figures I have read on that were dated, from the late 1990's, from GAO, and were 2% for food stamps and 3% of overall AFDC going towards legal citizen children of illegal immigrants.  As for fraud, most fraud in means tested (income-dependent) benefits programs is from recipients under-reporting their income.

 


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The Evil Genius
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Posts: 1510
30/11/2018 8:02 pm  

Brother Yumbo has been monitoring this topic and in response asked me to post the following for him...DONE! 

https://www.iep.utm.edu/justwar/


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MG-ɹǝʍo┴
Founder..
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Posts: 2924
01/12/2018 11:52 am  

I'v been FUCKED IN THE ASS and DENIED as a beneficiary to the establishment,

FUCK THEM!

TRESPASSERS SHOULD BE SHOT ON SIGHT!  


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