That was due to systemic issues within the financial markets (CDO on sub prime mortgages). This was just due to an external event that was not lasting.
Economics Thread
- Thread starter sturg33
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That was due to systemic issues within the financial markets (CDO on sub prime mortgages). This was just due to an external event that was not lasting.
nsacpi
Expects Yuge Games
there was also the dot com bubble inflating that 2000 peak
Yikes got those timelines messed up. Poor job on my part.
sturg33
I
It's truly remarkable how ****ing dumb you are. Like 57 level of dumb
acesfull86
Well-known member
MAGAnomics is incoherent.
I’m aware that you just care about the the output of a formula that you’ve been programmed to learn is the only thing that matters.
You benefit from the system so it’s hard to see how it fails so many people.
acesfull86
Well-known member
The system has failed many people. MAGA and I agree on that, but it's also where we depart.
You want more libertarian policies as it comes to economic changes. That will make things even worse.
I’m sorry but someone that doesn’t understand trade with a communist dictatorship being a problem is never going to see what the people of the west need to be happy and free.
acesfull86
Well-known member
"Libertarian economics" didn't lead to a $33.84T national debt, unfunded entitlement programs, rampant crony capitalism, rent seekers, etc.
If Trump, Tucker and co. can't diagnose the disease, I'm sure as hell not going to trust them to find the cure.
A hands off approach which led to concentrations of wealth and power absolutely led to this.
This lack of understanding of how your policies lead to this result is the difference in classroom depictions and real world results.
acesfull86
Well-known member
A "hands off approach" ...OK
Yes a hands off approach leads to coercion of politicians.
Your approach has an underlying belief that people are moral and will make good decisions. That doesn’t happen.
Your system leads to what we are seeing. I know it’s difficult for you to come to grips with that but it is the truth.
If you disagree tell me how your system accounts for collusion between businesses and government?
acesfull86
Well-known member
Nothing your claiming changes under MAGAnomics. How does MAGA account for collusion between businesses and government? How does MAGA deal with the inherent problem that people aren't "moral, good decision makers?" (your claim).
Donald Trump and Tucker Carlson sitting in the Oval Office, picking winners and losers?
acesfull86
Well-known member
We vacillate between not existing and ruining the country by the day, sometimes by the hour
It’s not their fault really. They are just naive. The building blocks of a functioning economy need to be libertarian in nature but with controls in place to stop the inevitable results.
I think anything is better than just putting your head in the sand and pretending it’s not happening.