Wall Street Reform Passes (user search)
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  Wall Street Reform Passes (search mode)
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Author Topic: Wall Street Reform Passes  (Read 3374 times)
opebo
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« on: July 17, 2010, 12:13:17 PM »

The day that I never hear the words "stimulus", "reform",  or "comprehensive" again can't come soon enough.

What is the fantasy scenario you are imagining which will end the use of those terms, Storebought?
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opebo
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« Reply #1 on: July 17, 2010, 01:18:36 PM »

What is the fantasy scenario you are imagining which will end the use of those terms, Storebought?

The 'fantasy scenario' playing out right now in Germany, to the deep consternation of the Obama administration.

I haven't been closely following the German news, other than to note the face that the 'Greek crisis' has saved the (already better than the US) economy by devaluing the Euro. 

Surely you realize there is almost no comparison between the German and the American cases?  And why would Obama be consternated about anything which happened in that irrelavent (to American politics) place?
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opebo
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« Reply #2 on: July 17, 2010, 03:21:25 PM »

Actually I'm no fan of democracy either, TheGreatOne, but capitalism is even worse.

But it can be fixed with use of a high level of Keynesianism.  The way to get rid of the excess production is redistribution - things like several months holiday per year and/or very short work weeks, plus a mandated comfortable dole, etc. 
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opebo
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« Reply #3 on: July 17, 2010, 03:38:01 PM »

(2) is greater amounts of financial sophistication, leverage, and debt.

All leverage or debt does is provide an excuse for increasing production.  Replace that with redistribution and you have the excuse.. problem solved. 
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opebo
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« Reply #4 on: July 18, 2010, 11:22:21 AM »

Okay then who buys the excess goods?  You need a consumer.  Is the American government going to buy all the excess and bankrupt itself?  I can't see a good end to capitalism, even with keynesian economics.  It can't last forever when everyone is able to compete.

'Buy'?  What does that even mean?  Just print the money.. or simply order them made at gunpoint and throw them into the sea if there are too many of them.  Get creative.. don't be boxed in by the idea of 'money' or 'bankruptcy'. 

The thing to remember about economics is there are real productive capacities out there being ordered by the State - the market is just a fiction created by the privatization of these resources.  We allow a lot of little barons control over our resources, so they tend to destroy them, mismanage them, etc etc.  There is no need to allow this.

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opebo
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« Reply #5 on: July 20, 2010, 02:46:38 AM »

Yes, because the government should tell people what loans they should take. lol conservative

It is rather naive to think that any other arrangement is possible.
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