None of the Republican candidates offer a credible platform to deal with the issues that this country faces. Of course, the current president doesn't offer much either.
And then there is the fact that there is much disagreement of opinion (but not of actual fact) about what is needed. And it is opinion that counts in an election.
Well for some of us the Cut Cap and Balance proposal is they way to go. Its credible its just not what you may agree with. Just because a segment doesn't agree with a proposal doesn't mean one isn't made.
Dennis _________________ Organ Donation Saves Lives
Well for some of us the Cut Cap and Balance proposal is the way to go.
It is exactly wrong. But it makes common sense.
It is credible only to people who have no idea what kind of fix our economy is presently in (monetary policy can't work, only fiscal policy (spending like a drunken sailor) can get the engine fired up). We have a deficit of demand. People who are deeply in debt can't demand anything.
But then this may be bigger than an economic issue.
Are economists overwhelmingly unified on the solution? I can find no source that economists, a large percentage of them, agree on what the proper course of action is. Do you have a source? That would be great if it existed, because I could care less about what any individual economist thinks, you can always find another one who disagrees with them.
I dont see how spending like a drunken sailor can possibly help a scenario where people are caught under a mountain of debt (causing demand issues), especially people suffering from house payments they never should have gotten caught under.
The only thing that can solve that issue is TIME, a very long time, to pay down debt, or a vibrant economy where wages are strongly climbing such that discretionary income grows. However, wages have been flat or slightly down for a decade plus in the USA, and if our government couldnt get them to go up in the good times, it certainly wont be able to get them up during really bad times.
So in the end, I just dont see any good solutions, other than slowwwwly letting the economy heal itself. A really good government may be able spawn a new era of private businesses creating higher paying jobs, but thats not our government, and even that would take years.
But what can happen, is the government making things worse, which they seem really damn good at doing.
davisstraub wrote:
Quote:
Well for some of us the Cut Cap and Balance proposal is the way to go.
It is exactly wrong. But it makes common sense.
It is credible only to people who have no idea what kind of fix our economy is presently in (monetary policy can't work, only fiscal policy (spending like a drunken sailor) can get the engine fired up). We have a deficit of demand. People who are deeply in debt can't demand anything.
But then this may be bigger than an economic issue.
Dean Baker, Simon Johnson, Paul Krugman, and many others. All professional macro-economists.
Yes, economists are essentially unified on the need for the government to create demand in our situation where we are at effectively zero interest rate (the end of monetary policy).
The federal government putting $2 trillion into infrastructure would help a lot of people with their debts by giving them work.
This is really just basic macro-economics 101.
You can search and link to the many articles about this using the names above as a start. _________________ Davis Straub at the Oz Report
Dean Baker, Simon Johnson, Paul Krugman, and many others. All professional macro-economists.
I can find 3 scientists who swear evolution is BS.
Is there a source for "many others" ?
Have economists created a signature list anywhere to push their viewpoints that they are unified? _________________
H4, AT, FL, TFL, AWCL, CL, FSL, RLF, TUR, X-C
Aeros Stealth III 142
Thomas Jefferson wrote:
All tyranny needs to gain a foothold is for people of good conscience to remain silent.
SG, if you wish to learn, you will do the work. I won't do it for you. You can verify that the economic consensus is that we lack demand (because of the private debt overhang) and that fiscal policy (spending) is the way to increase demand. Again this is very simple and agreed upon economics. _________________ Davis Straub at the Oz Report
Republican presidential hopeful Ron Paul says the apparent overthrow of Moammar Gadhafi's regime in Libya does not justify the United States' involvement there and may end up delivering al-Qaida what he calls "another prize."
Im not saying I disagree..... already implied we have a demand issue and why.
However, im asking for sources for your claim that economists are unified on this.
You managed to put 3 names together, and that doesnt cut it.
You made the assertion, so its not my homework assignment.
Considering how important this is, I would hope all the big name economists would have gotten together and signed a petition or something on some basic guidelines.
davisstraub wrote:
SG, if you wish to learn, you will do the work. I won't do it for you. You can verify that the economic consensus is that we lack demand (because of the private debt overhang) and that fiscal policy (spending) is the way to increase demand. Again this is very simple and agreed upon economics.
Dean Baker, Simon Johnson, Paul Krugman, and many others. All professional macro-economists.
Yes, economists are essentially unified on the need for the government to create demand in our situation where we are at effectively zero interest rate (the end of monetary policy).
The federal government putting $2 trillion into infrastructure would help a lot of people with their debts by giving them work.
This is really just basic macro-economics 101.
You can search and link to the many articles about this using the names above as a start.
Davis, these are neo Keynesian theorists and there is a lot to say that their school is longer relevant in today's world economy. In fact the common misnomer is that we got out of the great depression based on FDR and Keynesian practice which in truth failed and got us deeper (sound familiar) and then we became weapons and supply providers for early Europe in WW2 which put everyone back to work and we recovered.
What you should say is that its basic liberal Keynesian macro-economics 101.
One issue that I personally have with all economic theory is that it seems to downplay psychological motivation. At some point is all economics the self motivating WIIFM comes into play.
As a parent it quickly became apparent that if you give without some skin in the game kids will try less harder to accomplish. That even works in my case.
Dennis _________________ Organ Donation Saves Lives
One simple suggestion. Repair and upgrade all the nation's schools.
I would fully agree but we need to get rid of teachers unions first. You will have no efficiencies on you tax dollars until this happens. In leu of that I would say open up a voucher system that will allow all parents to choose the schools their kids go to and motivate each school to be the best it can so it can get attract students.
Dennis _________________ Organ Donation Saves Lives
SG, I'm not trying to win an argument with you. I'm just attempting to provide the beginnings of a link to a fuller eduction. I don't wish to look up the links to articles that I have read about the economic consensus, but you are free to do so.
I have no desire to back up my assertion, but encourage others to do their own reading and thinking about this.
You can start with any of those names and start linking outward on this thing we call the web. _________________ Davis Straub at the Oz Report
Davis, these are neo Keynesian theorists and there is a lot to say that their school is longer relevant in today's world economy.
It is the approach that has proved to be the most accurate in our circumstances.
WWII was the exercise of deep government spending that confirms Keynesian.
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What you should say is that its basic liberal Keynesian macro-economics 101.
But you just used it to confirm it.
Quote:
One issue that I personally have with all economic theory is that it seems to downplay psychological motivation. At some point is all economics the self motivating WIIFM comes into play.
You haven't been reading enough economics over the last two decades.
Quote:
As a parent it quickly became apparent that if you give without some skin in the game kids will try less harder to accomplish. That even works in my case
.
Of course. _________________ Davis Straub at the Oz Report
Im not saying I disagree..... already implied we have a demand issue and why.
However, im asking for sources for your claim that economists are unified on this.
You managed to put 3 names together, and that doesnt cut it.
You made the assertion, so its not my homework assignment.
Considering how important this is, I would hope all the big name economists would have gotten together and signed a petition or something on some basic guidelines.
davisstraub wrote:
SG, if you wish to learn, you will do the work. I won't do it for you. You can verify that the economic consensus is that we lack demand (because of the private debt overhang) and that fiscal policy (spending) is the way to increase demand. Again this is very simple and agreed upon economics.
I don't think anyone is saying we don't have an issue with demand...the question is what like in the solution chain does demand play?
Consumer confidence is more then ability to buy, it is a psychological risk measure as well. If I have money in the bank to say paint my house...but I fear the future and want to be conservative and hold cash. Then i postpone painting my house. The painter doesn't make a wage and he can buy and the domino's begin.
Government in a free state cannot control consumer confidence. The media has more influence on this then the government and since we have freedom of speech we can't control the message.
Putting people back to work in any capacity is more an effort in building confidence and kicking off consumer spending. The best employers are non government because they are not using government resources to employ. The quickest way for job creation is to remove risk for businesses to employ. AS an example that means letting the Boeing defense plant in South Carolina.
Removing regulations and taxes on small business will stir employment.
Doing big expensive government projects like building high speed railroads connecting Quest to Wallaby Ranch is wasteful and inefficient.
Dennis _________________ Organ Donation Saves Lives
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