What Tlong showed, inadvertently apparently, is that the national deficit has been drastically reduced under the Obama administration.
http://neweconomicperspectives.org/p...ry-primer.html
That does.
Read more at http://www.nakedcapitalism.com/2013/...R2Dhoz8FB1M.99The essential insight of Modern Monetary Theory (or “MMT”) is that sovereign, currency-issuing countries are only constrained by real limits. They are not constrained, and cannot be constrained, by purely financial limits because, as issuers of their respective fiat-currencies, they can never “run out of money.” This doesn’t mean that governments can spend without limit, or overspend without causing inflation, or that government should spend any sum unwisely. What it emphatically does mean is that no such sovereign government can be forced to tolerate mass unemployment because of the state of its finances – no matter what that state happens to be.
Virtually all economic commentary and punditry today, whether in America, Europe or most other places, is based on ideas about the monetary system which are not merely confused – they are starkly and comprehensively counter-factual. This has led to a public discourse about things like budget deficits and Treasury debt which has become, without exaggeration, utterly detached from reality. Time and time again, these pundits declaim that hyperinflation is imminent, that interest rates are on the verge of an uncontrollable upward e, and that the jig will be up for sure just as soon as the next T-bond auction fails. But even though, time after time, it is the pundits’ prognostications which fail, no one seems to take any notice. This must change. A reality-based economics is needed to make these things make sense again, and Modern Monetary Theory is here to put everyone on notice that a quite different jig is the one that’s really up.
Have fun, and get cracking. There is a lot to read at those links.
Unless you don't care about whether or not that idea might be wrong...?
An ad hominem thread. Good work, RG.
Pretty stupid when TSA put his up. I pretty much ignored it, like I do most of TSA's posts. Surprised RG followed his lead tbh.
LOL...
I got a few posts down, and see the liberals are whining again...
THIS is why conservatives come off as idiots. They try to claim they never liked Bush as if people are stupid enough to think Republicans never liked the last Republican in the white house (who was president for two terms). Additionally the Republican who won the primary in 2012 had identical economic policy to Bush. Cut taxes for the rich, hike up military spending, and that'll somehow shrink the deficit!
Last edited by DUNCANownsKOBE; 05-30-2013 at 02:47 PM.
They aren't wrong because they come off like idiots.
Subtle, but that makes it not an ad hominem.
One would think that after all the times I have pointed you to the definitions of logical fallacies, and posted their format here in response to your idiotic posts, you would finally understand them well enough to understand the terms.
Thanks. Your post there makes a sad point that the OP might actually be more than a snarky response to the "pussies" thread.
The difference is this thread was parody while TSA's was a perfect example of his emo ignorance.
Pshaw. Tweaking people's sensitivities is fun.
If it helps I have a small pang of guilt over it. I have some heartfelt respect for more than one conservative, here and elsewhere.
That said, I always try for provocative thread les to hook people into having conversations. Gotta get people talking before you can get anything decent. Tame thread les or OPs always tend to be short-lived from what I have seen.
I wouldn't really call it interesting, I'd just call it the typical intellectual dishonesty we see when people try to revise history and say Reagan/Bush were fiscally responsible presidents
Pshaw?
I'd have to agree with you on the thread le theory. Not sure I support it tho.
Apparently not.
Keep in mind, I'm nominally a conservative, so I could just be another idiot.
My kids are pretty sure there's a better than zero chance that's the case.
And I'm not repug
You're trying a bit too hard and obviously take this message board thing a little too serious, where as I am just here to have some fun and ruffle some feathers.
Reason I went with pussies. I think you could have done better than idiots.
Oh yes. I am the one who takes this too seriously. You can tell by the way I storm in here at the very mention of gun regulation and act as if the sky is falling and the government is meticulously plotting to disarm all Americans.
I post anything gun related, guaranteed the same four people jump in the thread with their panties in a wad. Every. Single. Time.
so? quit whining
There needs to be an irony emoticon.
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