Essential Economics for Politicians

messy said:
What contract was broken when the administration loosened the money supply to successfully avoid another Great Depression?
Please recite the parties to the contract and the plaintiff's efforts, presumably through legal action, to enforce it.
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If you’re so confident in your position then state the facts in a post.
It appears you aren’t, thus the open ended prod.......
Another “ Messy “ post.....
 
nononono said:
If you’re so confident in your position then state the facts in a post.
It appears you aren’t, thus the open ended prod.......
Another “ Messy “ post.....
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He said the government “abrogates” contracts as the did with QE, I just asked him what contract?
 
messy said:
I am bumping this question.
No contract was broken? You just lied? And you weren’t even responsive to Laced’s accurate point about contracts? Not the sharpest tool in the shed, are ya’? Are you mad because you can’t get a private sector job?
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When I was a kid, a neighbor kid had gone with his dad one day to his truck-driver job. During the day, the dad bought brake fluid at a gas station and poured it into the truck's bf reservoir. Whenever we played cars and trucks in the mud after that, the kid would bring up every few minutes that he had to add some brake fluid.

The invocation of "QE" is Izzy's equivalent of the kid's focus on brake fluid - it's the only sophisticated economics term he knows.

(We eventually told the kid he needed to get his truck's brakes fixed)
 
espola said:
When I was a kid, a neighbor kid had gone with his dad one day to his truck-driver job. During the day, the dad bought brake fluid at a gas station and poured it into the truck's bf reservoir. Whenever we played cars and trucks in the mud after that, the kid would bring up every few minutes that he had to add some brake fluid.

The invocation of "QE" is Izzy's equivalent of the kid's focus on brake fluid - it's the only sophisticated economics term he knows.

(We eventually told the kid he needed to get his truck's brakes fixed)
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So far he’s proven inept at economics and finance and now “contracts.” I’m hoping he starts discussing sports so he can hit the trifecta. After all, his avatar is a guy of about 600 lbs.
 
messy said:
So far he’s proven inept at economics and finance and now “contracts.” I’m hoping he starts discussing sports so he can hit the trifecta. After all, his avatar is a guy of about 600 lbs.
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So now you are a contract expert? Is there anything you don't know? Besides politics and finance that is.
 
messy said:
So far he’s proven inept at economics and finance and now “contracts.” I’m hoping he starts discussing sports so he can hit the trifecta. After all, his avatar is a guy of about 600 lbs.
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Fries u grads are good with government counterfeiting money for the benefit of the rich. Never mind the contract. Never mind the fact that you lost equity when interest rates increased.
 
espola said:
When I was a kid, a neighbor kid had gone with his dad one day to his truck-driver job. During the day, the dad bought brake fluid at a gas station and poured it into the truck's bf reservoir. Whenever we played cars and trucks in the mud after that, the kid would bring up every few minutes that he had to add some brake fluid.

The invocation of "QE" is Izzy's equivalent of the kid's focus on brake fluid - it's the only sophisticated economics term he knows.

(We eventually told the kid he needed to get his truck's brakes fixed)
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QE is sophisticated? Lol!
 
espola said:
When I was a kid, a neighbor kid had gone with his dad one day to his truck-driver job. During the day, the dad bought brake fluid at a gas station and poured it into the truck's bf reservoir. Whenever we played cars and trucks in the mud after that, the kid would bring up every few minutes that he had to add some brake fluid.

The invocation of "QE" is Izzy's equivalent of the kid's focus on brake fluid - it's the only sophisticated economics term he knows.

(We eventually told the kid he needed to get his truck's brakes fixed)
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Great story though. The brakes were totally shot for 6 of Obama’s 8 years. I guess we could say the brake fluid was the QE!! I always love your grampish analogy that oppose your own intent. Self proclaimed that is.
 
Sheriff Joe said:
So now you are a contract expert? Is there anything you don't know? Besides politics and finance that is.
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Keep up, big fella.
One guy said that the government is involved in our economy via judicial enforcement of contracts.
A dumb guy responded "the government abrogates contracts," e.g. QE.
I asked him what contracts that abrogates. Who were the parties? Was there a plaintiff in any claim under that contract?
Do you think you have to be a contract expert to ask those questions?
 
Bruddah IZ said:
Counterfeiting money.
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The government prints money, or did you now know that? It's not counterfeit.
Now tell me about those broken contracts again?
A contract is an agreement between or among 2 or more parties which, when violated, the government...in the form of its judicial branch at either the state or Federal levels...provides the forum to enforce the contract. That was Laced's point, which you seemed to have trouble with.
Maybe you think the government prints counterfeit money? Then who prints the real money? Being this stupid every day leaves you in the financial position you're in.
 
messy said:
Keep up, big fella.
One guy said that the government is involved in our economy via judicial enforcement of contracts.
A dumb guy responded "the government abrogates contracts," e.g. QE.
I asked him what contracts that abrogates. Who were the parties? Was there a plaintiff in any claim under that contract?
Do you think you have to be a contract expert to ask those questions?
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You tell me what contract is abrogated when the government creates counterfeit money. The parties should be obvious once you understand the contract.
 
messy said:
The government prints money, or did you now know that? It's not counterfeit.
Now tell me about those broken contracts again?
A contract is an agreement between or among 2 or more parties which, when violated, the government...in the form of its judicial branch at either the state or Federal levels...provides the forum to enforce the contract. That was Laced's point, which you seemed to have trouble with.
Maybe you think the government prints counterfeit money? Then who prints the real money? Being this stupid every day leaves you in the financial position you're in.
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Whatʻs the diff between what the government treasury prints, which is only 3% of all cash in the system, and electronic money? And how does that money get in to the system? What instrument does the Fed recieve in exchange for the Fiat money they create?
 
Bruddah IZ said:
Lol! Silence.
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You didn’t ask a question, stupid.
As always, because you know nothing about money or finance, you uttered a bunch of nonsense that’s incomprehensible.
Ignoring the bottom line of it all that the US dollar is manufactured by the US government.
I know that’s difficult for you to understand.
 
messy said:
You didn’t ask a question, stupid.
As always, because you know nothing about money or finance, you uttered a bunch of nonsense that’s incomprehensible.
Ignoring the bottom line of it all that the US dollar is manufactured by the US government.
I know that’s difficult for you to understand.
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Further, this started because you didn’t understand about the government regulating commerce via contract enforcement, which is such a simple concept.
Again, we know why you’re broke...I would never hire you in a million years.
You’re probably also lazy.
 
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