I don't post here much anymore because . . .

Discussion in 'Announcements & Community Discussions' started by ChrisL, Mar 2, 2017.

  1. rockyreagan

    rockyreagan Well-Known Member

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    Most of you guys all joined a decade or more after me. I remember the old days, and you all disappoint me. Do try to do better would you? :p
     
  2. Nonsensei436

    Nonsensei436 Well-Known Member Donor

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    I’m starting to lose interest in this place. You aren’t allowed to call stupidity by what it is, which naturally slants the rules of this forum in favor of Trump supporters. No wonder there’s a four to one ratio of trump supporters to liberals.

    I would love to see a rule where sources have to be cited for claims or the post gets deleted. And yeah the source needs to be reputable. No citing the daily stormer or anything like it.

    I’d like to see a rule that disallows the promotion of racism as an explanation for various societal problems.

    But that’s not to be. Instead we have rules designed to make sure nobody can ever be told anything negative about themselves and sorry but thats just institutionalizing an illusion.
     
  3. dairyair

    dairyair Well-Known Member

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    Never ever type the letters of M A xxxx A. A spin off of MAGA.
     
  4. a better world

    a better world Active Member

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    Speaking of money, I have this debate going elsewhere:

    <<<<<Thanks for this succinct description of money creation, albeit from an orthodox viewpoint.

    First point: you say "Banks are not creating money, only debts", but this statement from the Bank of England's website has a different take:

    "Where does money come from? In the modern economy, most money takes the form of bank deposits. But how those bank deposits are created is often misunderstood. The principal way in which they are created is through commercial banks making loans: whenever a bank makes a loan, it creates a deposit in the borrower’s bank account, thereby creating new money".

    positivemoney.org/2014/03/bank-england-money-money-creation-modern-economy/

    However, moving to your next point, ie:

    "Money enters the economy by being spent".

    This implies there is a fixed amount of money in the community, (a) that only enters the economy when someone who has money spends (some of) it, and more importantly (b) those who don't have money must borrow it, at least initially, in order to be able to participate in the economy….sounds like it would be smart to choose rich parents, to facilitate an unburdened (debt-free) start in life....a situation obviously incompatible with the concept of equality of opportunity.

    Moving to your next point, ie

    "A small quantity of money would require a higher velocity of exchange between persons while a large quantity of money would reduce the velocity by which money is exchanged."

    Again things are not so straightforward:

    https://www.investopedia.com/terms/v/velocity.asp

    "There are differing views among economists as to whether the velocity of money is a useful indicator of the health of an economy or, more specifically, inflationary pressures. The "monetarists" who subscribe to the quantity theory of money argue that money velocity should be stable absent changing expectations, but a change in money supply can alter expectations and therefore money velocity and inflation. For example, an increase in the money supply should theoretically lead to a commensurate increase in prices because there is more money chasing the same level of goods and services in the economy. The opposite should happen with a decrease in money supply. Critics, on the other hand, argue that in the short term, the velocity of money is highly variable, and prices are resistant to change, resulting in a weak and indirect link between money supply and inflation".

    which also leads us to your next statement

    " "New" money ONLY enters the economy as a result of being printed by the BEP, allowing banks to borrow from the Central source and maintain their fractional reserve requirements if savers need to withdraw large sums due to a recession, or borrowers default on their loans. The "NEW" money, effectively devalues the currency which will inevitably provide the means for inflation to occur in the future, ad infinitum".


    Again, this statement implies there is a certain amount of money in the economy, and therefore any "NEW" money will result in a devaluation of the currency, associated with (in your view) continual inflation.

    But obviously if the population doubles over time, then the money supply would also need to double, to simply maintain the standard of living of the community. (I already made this point, in a previous post).

    So...how do you double the supply of money, without devaluing the currency?

    Or does it even matter, if the currency is worth only half the value it was at the beginning of the period, during which the population doubled? (and your house is really only worth about the same, adjusted for inflation; you still have your house)>>>>>>

    Not sure if this too heavy for your discussion...but I'm working on the idea that government ought to be able create money for specific purposes such as universal education by printing it, rather than by taxation, since education does not involve consumption of scarce resources,

    But if you prefer to labour under our present dysfunctional, competitive neoliberal system which pits dems against repubs....carry on!
     
    Last edited: Jul 30, 2018
  5. cerberus

    cerberus Well-Known Member Donor

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    I talk about 'stupidity' all the time - the stupidity of the US, the UK and the western world generally; maybe that's the difference . . . generally, but not personal?
     
  6. sonofthunder

    sonofthunder Member

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    I don't post here much anymore because I'm a moderate who believes in freedom of speech, and leftists accuse me of being alt-right. I'm also from the south so the accent offends them as well I guess
     
    Last edited: Aug 3, 2018
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  7. HereWeGoAgain

    HereWeGoAgain Well-Known Member

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    So you support freedom of speech, just not theirs.
     
  8. Maccabee

    Maccabee Well-Known Member

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    You can support freedom of speech while not being forced to listen to differing opinions.
     
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  9. Honky Kong

    Honky Kong Well-Known Member

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    Freedom to listen is also a choice.
     
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  10. TOG 6

    TOG 6 Well-Known Member

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    You also aren't allowed to call out people when they lie, which naturally slants the rules of this forum in favor of Democrats/liberals.
    This would delete virtually every post by someone on the anti-gun left.
     
  11. Nemesis

    Nemesis Active Member

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    Yes, because the Trump GOP is a great bastion of honesty and truth.
     
  12. Doug1943

    Doug1943 Well-Known Member Donor

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    Could you give an example -- perhaps one synthesized from other posts you've seen, not necessarily a direct quote -- of what you mean here in the part I've emboldened?

    A literal reading of your sentence seems to be that some people explain various societal problems as due to the promotion of racism. That makes sense grammatically, but not in terms of meaning: some people promote racism, and this causes certain societal problems?
     
  13. TOG 6

    TOG 6 Well-Known Member

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    I see you do not disagree with my assessment. Thank you.
     
  14. JakeJ

    JakeJ Well-Known Member Past Donor

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    Slanted in favor of Trump supporters? You are complaining there are not enough personal attacks on the forum against Trump supporters? That's a joke, right?

    There does appear a higher percentage of Republicans to Democrats. I speculate there are 3 reasons:

    1. The first is the demographics of the forum being overwhelming white, Anglo-Saxon and male.

    2. The difference patterns the difference in voting turnout. It is well understood that Republicans turn out to actually vote in higher percentage that Democrats.

    3 The 3rd reason is this is an English language forum and a higher percentage of Democrats do not have high school degrees (if all races considered) and for a higher percentage of Democrats English is not their language or their first language.

    The ratio that I see most notable is it is the forum membership seems to be 95%+ white Anglo-Saxon men, representing maybe 20% of the American electorate. In terms of foreign members who have identified their country and race/ethnicity, it is 100% white participation from what I have observed.

    As the saying goes, the forum is so bright white I have to wear sunglasses when reading it. LOL
     

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