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RayR Offline
#51 Posted: Fri, Jan 22 2021, 12:31 PM EST
Joined: 07-20-2020
Posts: 8,881
frankj1 wrote:
wish you had said "spoiler alert" first rayr.
you just took the surprise outta the next 8 years


The next 8 years? Well....possibly, we have wait for the inevitable Biden Depression...or will that be the Harris Depression?
Whatever the case, it will be because it was the 'will of the people".
frankj1 Offline
#52 Posted: Fri, Jan 22 2021, 12:52 PM EST
Joined: 02-08-2007
Posts: 44,215
CelticBomber wrote:
When you say "He took a bullet for me." Are you saying he like stole or otherwise acquired bullet for you? Was there a bullet laying on a counter somewhere and he "took" it and said "Here Frank, this is for you."? Or are you trying to say Bulleit as in the bourbon? I definitely believe William would shoplift a bottle for you as you guys headed into the mountains to take care of the sheep for the summer.


(Thought I forgot about you correcting me for using to instead of too didn't ya. "Took" Ha! Mr. Ambiguous.)

following Fauci's lead, it wouldn't be constructive to guess, better to stick with the truth and say "I don't know for sure".

tw has been spreading the rumor that X "took" it in the brain pan.
I have my doubts.




man, you reallllly like that revenge served cold!
frankj1 Offline
#53 Posted: Fri, Jan 22 2021, 12:58 PM EST
Joined: 02-08-2007
Posts: 44,215
RayR wrote:
The next 8 years? Well....possibly, we have wait for the inevitable Biden Depression...or will that be the Harris Depression?
Whatever the case, it will be because it was the 'will of the people".

economic cycles will do what they do, both major parties have been victims and winners despite their beliefs of having the exclusive answers. Many factors go into it but partisans wear blinders.

But at least we are out of the Trump Depression of the Spirit (TDS for short).
What a relief!
delta1 Offline
#54 Posted: Fri, Jan 22 2021, 1:10 PM EST
Joined: 11-23-2011
Posts: 28,778
looks like Dems have to do the "Clean-up in Aisle 50" again, like how Obama pulled us back from our plunge over the cliff after GWB's 8 years...


and now Obama's sidekick, Sleepy Joe will have to rescue us from the damage inflicted by Trump in his four years...


Biden's coherent Pandemic Response Plan (where was Trump's???) will be used as a measure of how much and how quickly he can clean Trump's biggest pile of poop...


the Trump Incitement to riot was a whopper, but only inflicted a 5 hour threat, and was not successful...the bigger challenge is how to bring those fringe alt-right folks back onto the American ranch...they hate and distrust America and all its realities as it currently exists...

how do we convert hate into a skepticism but willingness to find common ground and work together?
opelmanta1900 Offline
#55 Posted: Fri, Jan 22 2021, 1:58 PM EST
Joined: 01-10-2012
Posts: 13,954
Maybe they could all take bullets for frank too?
HockeyDad Offline
#56 Posted: Fri, Jan 22 2021, 2:18 PM EST
Joined: 09-20-2000
Posts: 46,119
frankj1 wrote:
economic cycles will do what they do, both major parties have been victims and winners despite their beliefs of having the exclusive answers. Many factors go into it but partisans wear blinders.

But at least we are out of the Trump Depression of the Spirit (TDS for short).
What a relief!


Your apology for the upcoming Biden recession is accepted.
RayR Offline
#57 Posted: Fri, Jan 22 2021, 2:25 PM EST
Joined: 07-20-2020
Posts: 8,881
delta1 wrote:
looks like Dems have to do the "Clean-up in Aisle 50" again, like how Obama pulled us back from our plunge over the cliff after GWB's 8 years...


I've not heard that, was that in the New York Times? Must have been Cash For Clunkers and Obama Phones.LOL

https://www.realclearpolitics.com/articles/2020/10/13/no_joe_there_was_no_economic_boom_under_obama_144425.html#!

https://www.forbes.com/sites/rexsinquefield/2016/11/29/obama-and-the-dems-dismal-recovery/?sh=18b30c5acb0e

delta1 wrote:
and now Obama's sidekick, Sleepy Joe will have to rescue us from the damage inflicted by Trump in his four years...


Is that based on pure faith or do you have some actual Xiden strategy that will rescue us?LOL


delta1 wrote:
Biden's coherent Pandemic Response Plan (where was Trump's???) will be used as a measure of how much and how quickly he can clean Trump's biggest pile of poop...


So the great progressive dictator, the Grand Poobah, Dr. Wokeness will save us all from the Rona?LOL


delta1 wrote:
the Trump Incitement to riot was a whopper, but only inflicted a 5 hour threat, and was not successful...the bigger challenge is how to bring those fringe alt-right folks back onto the American ranch...they hate and distrust America and all its realities as it currently exists...

how do we convert hate into a skepticism but willingness to find common ground and work together?


I wouldn't attempt to try to wipe away your delusions, but you seem to believe that institutionalized hate and distrust has not been the one trick pony of the left.

RayR Offline
#58 Posted: Fri, Jan 22 2021, 2:30 PM EST
Joined: 07-20-2020
Posts: 8,881
frankj1 wrote:
economic cycles will do what they do, both major parties have been victims and winners despite their beliefs of having the exclusive answers. Many factors go into it but partisans wear blinders.

But at least we are out of the Trump Depression of the Spirit (TDS for short).
What a relief!


In the Frank school of economics, economic cycles just do what the do? There is no definable causes and effects?Think
frankj1 Offline
#59 Posted: Fri, Jan 22 2021, 6:02 PM EST
Joined: 02-08-2007
Posts: 44,215
RayR wrote:
In the Frank school of economics, economic cycles just do what the do? There is no definable causes and effects?Think

most certainly there are effects.
Far less than what Presidents take credit for, and far less than what they get blamed for, yet their policies are not mutually exclusive from what the controllers of the markets do.
Pretty sure you are one who does know not to confuse the economy with the stock market.

But no cycle goes forever.
delta1 Offline
#60 Posted: Fri, Jan 22 2021, 6:17 PM EST
Joined: 11-23-2011
Posts: 28,778
here's an article in Nature magazine, which is considered a centrist media source...it describes the destructive character of Trump's presidency and the negative impact it had on science and the environment, and especially how it made the pandemic worse in the US than in all other major developed nations in the world...


https://www.nature.com/articles/d41586-020-02800-9
frankj1 Offline
#61 Posted: Fri, Jan 22 2021, 6:31 PM EST
Joined: 02-08-2007
Posts: 44,215
HockeyDad wrote:
Your apology for the upcoming Biden recession is accepted.

whoa, whoa, slow down a second.
rayr said we are in The Biden Depression!
I don't know chit about recessions, except when they have to do with hairlines.
tonygraz Offline
#62 Posted: Fri, Jan 22 2021, 7:31 PM EST
Joined: 08-11-2008
Posts: 20,230
Frank - don't read the Rayra drivel - He is an idiot.
DrafterX Offline
#63 Posted: Fri, Jan 22 2021, 7:47 PM EST
Joined: 10-18-2005
Posts: 98,535
You should really try to unite with Ray better... Shame on you
frankj1 Offline
#64 Posted: Fri, Jan 22 2021, 7:50 PM EST
Joined: 02-08-2007
Posts: 44,215
tonygraz wrote:
Frank - don't read the Rayra drivel - He is an idiot.

nah. He's very bright.
But he's stuck in spin dry cycle and is not effective.
Just a malcontent for now.
frankj1 Offline
#65 Posted: Fri, Jan 22 2021, 7:51 PM EST
Joined: 02-08-2007
Posts: 44,215
DrafterX wrote:
You should really try to unite with Ray better... Shame on you

I am a uniter, down deep.
DrafterX Offline
#66 Posted: Fri, Jan 22 2021, 8:51 PM EST
Joined: 10-18-2005
Posts: 98,535
Me too.... Tony is a divider tho... Mellow
teedubbya Offline
#67 Posted: Fri, Jan 22 2021, 9:00 PM EST
Joined: 08-14-2003
Posts: 95,637
He always has been. He’s awesome at gazintas
frankj1 Offline
#68 Posted: Fri, Jan 22 2021, 9:16 PM EST
Joined: 02-08-2007
Posts: 44,215
Jethro too.
He wasn't really a Clampett. He was a Bodine.
DrafterX Offline
#69 Posted: Fri, Jan 22 2021, 10:44 PM EST
Joined: 10-18-2005
Posts: 98,535
TW whacks it to Granny... Mellow
teedubbya Offline
#70 Posted: Fri, Jan 22 2021, 10:59 PM EST
Joined: 08-14-2003
Posts: 95,637
Yea. So.
rfenst Offline
#71 Posted: Sat, Jan 23 2021, 2:46 AM EST
Joined: 06-23-2007
Posts: 39,255
Drafter just likes to watch.
Palama Offline
#72 Posted: Sat, Jan 23 2021, 3:23 AM EST
Joined: 02-05-2013
Posts: 23,623
rfenst wrote:
Drafter just likes to watch.


He’s doing his Peter Sellers imitation? Gonz
tonygraz Offline
#73 Posted: Sat, Jan 23 2021, 8:23 AM EST
Joined: 08-11-2008
Posts: 20,230
So that's why he wears that pink outfit.
Mr. Jones Offline
#74 Posted: Sat, Jan 23 2021, 9:02 AM EST
Joined: 06-12-2005
Posts: 19,419
Marjore Files is gonna be greenlighTED
RayR Offline
#75 Posted: Sat, Jan 23 2021, 10:16 AM EST
Joined: 07-20-2020
Posts: 8,881
frankj1 wrote:
most certainly there are effects.
Far less than what Presidents take credit for, and far less than what they get blamed for, yet their policies are not mutually exclusive from what the controllers of the markets do.
Pretty sure you are one who does know not to confuse the economy with the stock market.

But no cycle goes forever.


Quite so, I don't confuse the economy with the stock market as it is in modern times, which is a gambling casino, i understand the Austrian Business Cycle Theory, excessive bank credit stimulated by artificially low interest rates and money printing always leads to bubbles and busts.

Trump seemed to understand that in the 2016 campaigning years, which is why he criticized the Bush/Obama years and the FED policies, but the swamp surely convinced him as POTUS that the quickest way to popularity in the peoples eyes was the progressive way, inflate one big bubble and call that a thriving economy and hope it doesn't blow up before leaving office.

Unfortunately Rona was the unforeseen pin with the idiotic lockdown mentality that busted the bubble. Predictably, the usual political response was to quickly as possible inflate the bubble again, pressure the FED to keep interest rates at or near zero and print money out of digital thin air for stimulus spending to mollify the proles somewhat and re-inflate the stock market bubble.

Biden is a bigger idiot than Trump having the advantage of 47 years of progressive mental decay in the swamp. Biden's Keynesian economic policies will be just Trump's Keynesian economic policies on steroids. Now it's Biden's bubble to burst and all the evils that will fall on the people will be on him.
frankj1 Offline
#76 Posted: Sat, Jan 23 2021, 11:26 AM EST
Joined: 02-08-2007
Posts: 44,215
RayR wrote:
Quite so, I don't confuse the economy with the stock market as it is in modern times, which is a gambling casino, i understand the Austrian Business Cycle Theory, excessive bank credit stimulated by artificially low interest rates and money printing always leads to bubbles and busts.

Trump seemed to understand that in the 2016 campaigning years, which is why he criticized the Bush/Obama years and the FED policies, but the swamp surely convinced him as POTUS that the quickest way to popularity in the peoples eyes was the progressive way, inflate one big bubble and call that a thriving economy and hope it doesn't blow up before leaving office.

Unfortunately Rona was the unforeseen pin with the idiotic lockdown mentality that busted the bubble. Predictably, the usual political response was to quickly as possible inflate the bubble again, pressure the FED to keep interest rates at or near zero and print money out of digital thin air for stimulus spending to mollify the proles somewhat and re-inflate the stock market bubble.

Biden is a bigger idiot than Trump having the advantage of 47 years of progressive mental decay in the swamp. Biden's Keynesian economic policies will be just Trump's Keynesian economic policies on steroids. Now it's Biden's bubble to burst and all the evils that will fall on the people will be on him.





can't disagree entirely, but...

one day you say he drained the swamp, the next you use it as an excuse for Trump failing to change the norm.
He blasted everyone in his way about interest rates, so like most things Trump, his claims of being the only one who could fix things was a massive bluff told with enough testosterone that devout cons found it comforting. Did they all forget his real business record?
RayR Offline
#77 Posted: Sat, Jan 23 2021, 11:49 AM EST
Joined: 07-20-2020
Posts: 8,881
frankj1 wrote:
can't disagree entirely, but...

one day you say he drained the swamp, the next you use it as an excuse for Trump failing to change the norm.
He blasted everyone in his way about interest rates, so like most things Trump, his claims of being the only one who could fix things was a massive bluff told with enough testosterone that devout cons found it comforting. Did they all forget his real business record?



Stop spreading lies Frank!Shame on you
Where have I ever said "he drained the swamp"? I have only said the swamp assimilated him.

I really don't care about his record in private business affairs one way or another, I don't understand why some of you critics consider that a point so important to make. One of the biggest lies there is—"you can run government like a business". The only business model that government resembles is organized crime.
See the Biden's for instance, they've modeled their own business activities after the examples of government.
delta1 Offline
#78 Posted: Sat, Jan 23 2021, 12:24 PM EST
Joined: 11-23-2011
Posts: 28,778
the Austrian Business cycle was discredited nearly a century ago, with the world adopting the Keynesian Economic model...most modern economies have that as a foundation...

I do agree with part of your last paragraph, though: it describes the fallacy of those believing Trump was competent to be POTUS and voted for him..."you can run government like a business"... Trump proved that is false...but he did try to run government like organized crime...an utter failure...

True government aspires to appoint the best qualified person, the merit system. It works well in most places, especially at the higher levels of government, where hiring practices are regulated. Biden's nominees appear, so far, to follow the merit approach...

much more so than Trump's...remember Rick Perry famously saying, "WTH, I manage the nuclear arsenal?"
RayR Offline
#79 Posted: Sat, Jan 23 2021, 12:56 PM EST
Joined: 07-20-2020
Posts: 8,881
delta1 wrote:
the Austrian Business cycle was discredited nearly a century ago, with the world adopting the Keynesian Economic model...most modern economies have that as a foundation...

I do agree with part of your last paragraph, though: it describes the fallacy of those believing Trump was competent to be POTUS and voted for him..."you can run government like a business"... Trump proved that is false...but he did try to run government like organized crime...an utter failure...

True government aspires to appoint the best qualified person, the merit system. It works well in most places, especially at the higher levels of government, where hiring practices are regulated. Biden's nominees appear, so far, to follow the merit approach...

much more so than Trump's...remember Rick Perry famously saying, "WTH, I manage the nuclear arsenal?"


"the Austrian Business cycle was discredited nearly a century ago"??

You must have read that in the New York Times...prolly Paul Krugman.Laugh
To say the Austrian Business cycle theory has been discredited is like saying the Law of Gravity has been discredited.
It was the Austrian economists and the followers of the Austrian school who predicted the Bush/Obama economic crash while the Keynesian's were saying, don't worry, everything is working just fine.

"True government aspires to appoint the best qualified person, the merit system."?? "Biden's nominees appear, so far, to follow the merit approach..."

Wow!Liar What kind of Kook-Aid you drinking? It isn't apparent to you that Bidey appoints persons by the wokeness factor and political cronyism?
delta1 Offline
#80 Posted: Sat, Jan 23 2021, 1:41 PM EST
Joined: 11-23-2011
Posts: 28,778
here's a piece by the non-partisan American Institute for Economic Research, with the major critique being that the ABCT is incomplete, neglecting government's, or other outside forces,' role in responding to booms and busts...too focused on the market itself...

https://www.aier.org/article/what-austrian-business-cycle-theory-does-not-predict/
RayR Offline
#81 Posted: Sat, Jan 23 2021, 2:41 PM EST
Joined: 07-20-2020
Posts: 8,881
delta1 wrote:
here's a piece by the non-partisan American Institute for Economic Research, with the major critique being that the ABCT is incomplete, neglecting government's, or other outside forces,' role in responding to booms and busts...too focused on the market itself...

https://www.aier.org/article/what-austrian-business-cycle-theory-does-not-predict/


I don't think you're getting the drift of the article, nowhere was Salter disproving or making a critique of ABCT, he was just explaining what it was not meant to predict or could predict, something critics seem to conveniently fail to mention.

Quote:
ABCT is frequently criticized because the theory cannot explain the length or size of the boom and bust. For example, some argue that it is not credible that swings in (short-run) market interest rates can result in extended downturns. This critique is misplaced. ABCT is not a theory that predicts how long the boom will last, or for how long the bust will last, or how big either of these are. These factors, while obviously important and deserving of study, are outside the scope of the theory. ABCT is exclusively a theory of the unsustainable boom—an explanation for why central bank-driven booms must necessarily turn to busts.


BTW, the American Institute for Economic Research is largely an Austrian Economics Free Market institution. Many of their writers and fellows are Austrian School Economists. Just to name two,
Edward P. Stringham, the current President of AIER is an Austrian School economist
Jeffrey A. Tucker before being Editorial Director at AIER worked for the Mises Institute.

Their AIERvideo YouTube channel produces Austrian Economics based educational material including The Mises vs. Marx Rap video series.
bgz Offline
#82 Posted: Sat, Jan 23 2021, 3:03 PM EST
Joined: 07-29-2014
Posts: 13,023
Dislcaimer... I haven't read this thread, I was going to, but got caught up.

Just checking to make sure someone told RayRay he's an idiot today.
Brewha Offline
#83 Posted: Sat, Jan 23 2021, 4:07 PM EST
Joined: 01-25-2010
Posts: 12,161
Thank you for your service.....
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