Essential Economics for Politicians

Mises’s point was that people don’t borrow money as much as they borrow goods. That being the case, any kind of money multiplier that, in the view of multiplier alarmists, “multiplies” money and credit, would quickly render the dollar useless. We know this because real economic goods can’t be multiplied nearly as fast as money theoretically can be. Assuming a multiplier effect, there would be copious amounts of dollars chasing exceedingly few goods. If so, no one would borrow dollars. Why pay for the right to access a medium of exchange that banks are allegedly “multiplying” away the exchangeability of?
 
espola said:
We already have a national military, the best public roads in the world, many public water supplies, some public power generation (usually associated with public flood control and irrigation), Social Security, Medicare and similar public health programs, a progressive income tax system, public regulation of banks and other financial institutions -- heaven forbid we should turn socialist.
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Word.
 
espola said:
We already have a national military, the best public roads in the world, many public water supplies, some public power generation (usually associated with public flood control and irrigation), Social Security, Medicare and similar public health programs, a progressive income tax system, public regulation of banks and other financial institutions -- heaven forbid we should turn socialist.
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. . . of course there is the way we pay for all those things and many more . . . then there is what faux and friends have convinced the gullible of believing.
 
espola said:
We already have a national military, the best public roads in the world, many public water supplies, some public power generation (usually associated with public flood control and irrigation), Social Security, Medicare and similar public health programs, a progressive income tax system, public regulation of banks and other financial institutions -- heaven forbid we should turn socialist.
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We can always cloak it with interventionism.
 
Hüsker Dü said:
. . . of course there is the way we pay for all those things and many more . . . then there is what faux and friends have convinced the gullible of believing.
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It would be nice to "pay for all those things and many more" had we not inflated the money supply for 6 straight years under Obama.


Mises’s point was that people don’t borrow money as much as they borrow goods. That being the case, any kind of money multiplier that, in the view of multiplier alarmists, “multiplies” money and credit, would quickly render the dollar useless. We know this because real economic goods can’t be multiplied nearly as fast as money theoretically can be. Assuming a multiplier effect, there would be copious amounts of dollars chasing exceedingly few goods. If so, no one would borrow dollars. Why pay for the right to access a medium of exchange that banks are allegedly “multiplying” away the exchangeability of?
 
espola said:
We already have a national military, the best public roads in the world, many public water supplies, some public power generation (usually associated with public flood control and irrigation), Social Security, Medicare and similar public health programs, a progressive income tax system, public regulation of banks and other financial institutions -- heaven forbid we should turn socialist.
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Boil your water if you live in Poway.
 
espola said:
We already have a national military, the best public roads in the world, many public water supplies, some public power generation (usually associated with public flood control and irrigation), Social Security, Medicare and similar public health programs, a progressive income tax system, public regulation of banks and other financial institutions -- heaven forbid we should turn socialist.
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I wish we had public regulation of banks that didn't include bail outs.


Mises’s point was that people don’t borrow money as much as they borrow goods. That being the case, any kind of money multiplier that, in the view of multiplier alarmists, “multiplies” money and credit, would quickly render the dollar useless. We know this because real economic goods can’t be multiplied nearly as fast as money theoretically can be. Assuming a multiplier effect, there would be copious amounts of dollars chasing exceedingly few goods. If so, no one would borrow dollars. Why pay for the right to access a medium of exchange that banks are allegedly “multiplying” away the exchangeability of?
 
Wez said:
I actually agree with Iz on the current anti-Capitalism sentiment being expressed on the left. I may not agree with his specific reasoning, but there is a ton of ignorance being expressed on both sides of the isle when it comes to Economics, Socialism and Capitalism. The biggest mistake is mistakenly calling Social Democracy, Democratic Socialism and that's mostly Bernie's fault.
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We actually don't agree. Social Democracy = Democratic Socialism and it's not Bernie's fault.
 
Hüsker Dü said:
Could you please tell me who has an actual socialist agenda and the size of the electorate that supports them and that idea wholeheartedly? . . . and how even if elected POTUS would that agenda get through congress, either the House or the Senate? There are borderline nazis in and around our government but I don't feel we will turn nazi soon . . . against t and some of his fools greatest hopes.
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I didn't say we would become Socialist, but the far left's embrace of Socialism is a turn off to anyone who understands history. I repeat: "The biggest mistake is mistakenly calling Social Democracy, Democratic Socialism and that's mostly Bernie's fault. "
 
espola said:
We already have a national military, the best public roads in the world, many public water supplies, some public power generation (usually associated with public flood control and irrigation), Social Security, Medicare and similar public health programs, a progressive income tax system, public regulation of banks and other financial institutions -- heaven forbid we should turn socialist.
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Us choosing to pay for those services with taxes earned in a Capitalist economy, does not make them Socialist.
 
Bruddah IZ said:
We actually don't agree. Social Democracy = Democratic Socialism and it's not Bernie's fault.
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I agreed with your post, I don't think you and I agree on much at all. As for your assertion that Social Democracy is the same as Democratic Socialism, I don't expect you to understand such sophisticated concepts. You have a right to your opinion, not the facts.
 
Hüsker Dü said:
We already know you and dizzy are confused about it so you must be seeking guidance lol! You guys are such idiots it cracks me up every time!
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Really....
Funny how YOU are the " Retired Laborer " and pontificating....
I'm the " Employer " pointing out the TRUTH yet you know better....
Go do your research....and enjoy that Union derived retirement.
By the way " Mr Soapbox " that retirement was generated from
PROFITS, not TAXES.....
 
Wez said:
I didn't say we would become Socialist, but the far left's embrace of Socialism is a turn off to anyone who understands history. I repeat: "The biggest mistake is mistakenly calling Social Democracy, Democratic Socialism and that's mostly Bernie's fault. "
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Wez said:
Us choosing to pay for those services with taxes earned in a Capitalist economy, does not make them Socialist.
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Wez said:
I agreed with your post, I don't think you and I agree on much at all. As for your assertion that Social Democracy is the same as Democratic Socialism, I don't expect you to understand such sophisticated concepts. You have a right to your opinion, not the facts.
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They say things come in " Three's "......

Well....Wez The Perv just proved Idiocy comes in " Three's " also....
 
nononono said:
Really....
Funny how YOU are the " Retired Laborer " and pontificating....
I'm the " Employer " pointing out the TRUTH yet you know better....
Go do your research....and enjoy that Union derived retirement.
By the way " Mr Soapbox " that retirement was generated from
PROFITS, not TAXES.....
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There you go yet again down some worm hole of your own making just to highlight your confusion, hilarious!
 
Wez said:
I agreed with your post, I don't think you and I agree on much at all. As for your assertion that Social Democracy is the same as Democratic Socialism, I don't expect you to understand such sophisticated concepts. You have a right to your opinion, not the facts.
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Youʻve not stated any facts to support changing the order of words. Not very sophisticated at all.
 
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