The version of the Credit Default Swaps you are talking about weren't even around during the 1920s. CDSs came about in the 1990s and was created...
It's not my fault you didn't look at the jobs created, the sector, and the average age of those who filled those jobs. Let's.... Of course...
And I am not disagreeing. I am stating while it sounds bad, it's not. As those jobs created are those that require low skill sets. This was the...
It's a point that needed to be made due to the fact most entry jobs or newly created jobs are that which require low skill sets. I didn't say...
Earning $7,000 in 1984 real terms would be $14,500 in 2010 dollars, which is above the national poverty level. Ironically if you break the numbers...
This is too funny. Do you know who William F Buckley is? You should. This is what he said about Conservativism: "It is the job of centralized...
How so? The point is that we (economist) can and have always fudge numbers by redoing calculations in our favor. You know the Hedonist school, in...
Sure, but Bacardi has a point based on the idea that economically things have become cheaper in the US due to inflation of a currency and the...
I'll go through this point by point.. but it's basically the same.. it all comes down to production. In the 1980s these very products were mainly...
It's still doable without the UK. As Banking is international. You can tax it on the front end or the back end of the transaction. Meaning, You...
It could be a number of reasons. The fact the UK has had the most stable finanical center in the world for hundreds of years to they reject a...
Chinese defaults are growing. Yes, its a default. If you defer payments it's a default....
You have no evidence he would have done that. Also his position towards the British was based on the Oil deal. Deals can always be reneged on....
The Tudeh party was founded in 1941 but not by Stalinist, it was until late 1941, early 1942 did they encompass what we would consider Stalinist....
Most of that is correct but you fail at the later bit. The Tudeh party when founded in 1941 it was very in line with the Koran. Women were barred...
You really want to understand it? Or you going to ignore it? Back in 1951 a man named Mohammad Mosaddegh was elected the PM of Iran. His major...
It's not drivel but the truth of how Northern Economies have screwed up their economies over the last few decades. I am not saying...
I am not ignoring it. I am telling you productivity is not constant. This is an absolute fact. While productivity has gone up in the last 30 years...
And your opinion would be correct if with that deindustrialization came with saving on the back end. It did not. Japan is far better of then the...
Do you deny any of the facts I provide? Can you economically prove such imbalance can take places over the long term but no benefits or wage be...
But his analysis is correct. US savings rates and trade imbalances are growing. It's not a short term phenomenon.
I haven't ignored it. Productivity vs Longevity doesn't matter when those programs are paid for by taxes on those employed. It's surprising you...
Lets look at some numbers.. Right now US debt is $15.1 trillion (if you include unfunded liabilities it's more like $131 trillion), US total GDP...
Take current debt and add future liabilities and that's the real GDP to Debt ratio.
So name a time spending was cut in the last 30 years when taxes were raised.
Separate names with a comma.
