Fifteen or twenty years ago, I noticed an interesting thing about the American economy.
Whenever the Top Dogs end up with most of the money, the economy tends to crash.
Happened in the 1890s. Also happened at the end of the 1920s. Both times there was a sizable concentration of wealth, and soon thereafter a Major Depression came about, and social instability ensued.
Also appears to be happening now. But this isn't a recent phenomenon ...
Here's a Dead Historical Figure noting the same thing.
An imbalance between rich and poor is the oldest and most fatal ailment of all republics.
-- Plutarch
The man is clearly a Commie. But I happen to agree with him because I'm a Librul Socialist. (And you know how Librul Socialists are.)
So who was most responsible for our Current Troubles and the 2008 crash? Wasn't Bush. Wasn't Obama. And it wasn't Barney Frank.
It was This Guy.
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16 comments:
Only L. Ron Hubbard can save us from the evil Alan Greenspan.
Just what Ron Paul has been talking about for the last ...three decades...
http://www.wildboar.net/multilingual/easterneuropean/russian/literature/articles/whofinanced/whofinancedleninandtrotsky.html
But ron paul is a nut.
Paul is simply the old John Birch Society crowd of conservatives who are myopic enought to believe a single economist, Von Mises, is the answer to everything.
And please god don't turn this into another thread about international banking conspiracies, Jekyll Island secret meetings to control the world! and New World Order single governments with SDR's! F*** off with that already, gold bugs.
John Maynard Keynes ideas taken to the extreme are the reason we are in such a mess. If you don't like Von mises don't go to Switzerland where they have their finances solvent. People that were alerting people were proven to be right....but ...they are still nuts...because you say so...because you are so invested in your opinion and your ego is so big that you can admit being wrong...
paul is a far fringe right john bircher nut. That we can all agree on, as it is an established fact. I'm glad no one takes him seriously. BACHMANN for PRESIDENT!
While we all know bush was asleep at the wheel when he let 9/11 happen....
Ron Paul says Bush was thrilled with 9/11
http://rt.com/usa/news/ron-paul-bush-iran-449/
Yep, you're right. ron paul is a complete NUTjob.
"John Maynard Keynes ideas taken to the extreme are the reason we are in such a mess."
Everything comes down to Keynes vs. Von Mises with John Birch simpletons. All the worlds problems will evaporate with the magic of perfect measurements in precious metals. Conservatism for bean counters.
Ruthlessly honest Swiss bankers will save us all with a magical solvency wand. Shower us with glorious Austerity. Let us bathe in the genius of the Austrian School, while the perfect free market that exists in some kind of yet-to-be-explained human-less vacuum will ride in on its chariots of gold bullion to save us from the enslavement of socialism and fascism.
It is understandable why German and Austrian policymakers fear inflation so much, but the fiscally conservative among them go to such extremes with their argument that they rush to blame the entire rise of the Third Reich and the horrors of Adolf Hitler on failed monetary policy. There was also the matter of the devastating First World War, but forget all that - everything would have been fine if we would have just stuck to counting money correctly. Quite a lot more was happening in Europe at the time, to say the least. Fiscal austerity is no more a magical cure than monetarism. Everyone has been proven wrong on all accounts.
Yeah , no international banking conspiracy?¿?!¿? Do you guys ever look over your citinqs and read the news?¿? Have you guys heard,The Goldman Sachs fake debt take over Europe? The Greeks trying to vote and the European central bank changing an elected president for an unelected technocrat former Goldman Sachs advisor?¿ same thing in Italy, Spain reformed the constitution for the first time in 20 years to guarantee that bank debts are paid no matter what, the € crisis... Some people would go absurd lengths to look trendy and sound smart so they never have to admit that they have been scam all their life.
http://www.independent.co.uk/news/business/analysis-and-features/what-price-the-new-democracy-goldman-sachs-conquers-europe-6264091.html
What conspiracy? You have the information right in front of you. Revolving doors between banking and government are as common as between military and government, labor and government, corporations and government, ad infinitum. Governments are MADE of this. Incredibly, you believe politicians are somehow born out of the same virginal vacuum as this mythical Von Mises monetary policy. I bet you also believe in babies born to virgins.
Grow up - there is no big 'plan.' You give your fellow morons behind the curtains WAY too much credit for having omnipotent control over the unintended consequences of their public policies. The only suckers I see are guys like who are buying million dollar tickets on the survivor arks China is building in the Himalayas.
Now crawl back into your silo bunker apartment Alex Jones, put on your Nikes, and watch 2012 on blue ray 3D for the 100th time. The rest of us have to work on fixing the crap you f*** up.
Btw, placing all the blame at the feet of a single human being completely misses the point of studying history and public policy.
And only feeds the simple-minded among us desperately searching for simple answers.
Economic theories are ALL bullshit. They are all Voo-Doo. You might as well use Astrology. They have no more to do with the actual economy than Fantasy Football has to do with a real football game. They prevent us from objectively observing the facts and reality and reacting to them effectively.
Is the economy working or not? What can we do about it? The answer is NOT; find the right theory.
I sense; a conspiracy; against proper use of semicolons.
Theories, like religion, are nothing but theories.
And as rick perry's preacher, rev. jeffress said. "Catholics are ciult members.". I guess that nixes newty from the wingnut lottery. ron paul believes this strongly, too, and isn't even embarrassed to say so.
The hypocrisy of these idiots is too fun to watch.
A bit of rational history on innovation and jobs,...
http://www.vanityfair.com/politics/2012/01/stiglitz-depression-201201?wpisrc=nl_wonk
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