Quote: Original post by Dreddnafious MaelstromQuote:
Obama spoke of business loans too. Schiff left that out of his account of the speech. Thus, he misrepresented what Obama said.
Obama used a semicolon, thus any critique that doesn't employ a semi-colon is a misrepresentation.
The omission is not as minor as you pretend it to be. Obama spoke of business loans frequently during that speech, mentioning them nearly every time he spoke of consumer loans. Now you're engaging in misrepresentation.
Quote: Original post by Dreddnafious MaelstromQuote:
Praxeology? You got that from Mises. In other words, you confirmed my point! It seems to me that you're guilty of the very things you claim others are guilty of.
I got that from austrian school of business, not a blog I googled to respond to you.
It makes no difference to my point. You're parroting what you've learned too.
Quote: Original post by Dreddnafious MaelstromQuote:
The correlation was enough to dispel your argument.
Enjoy your safe driving at 275.
Enjoy the higher taxes on your income.
Quote: Original post by Dreddnafious MaelstromQuote:
While I'm not an absolutist, that doesn't mean I'm unable to unwind illogic or to recognize solid logic when I see it.
I'm not sure that's the case frankly, although I do believe that you believe that.
And thus, once again you demonstrate that not only are you completely ideological, you're so wrapped up in your ideology that you can't understand how anyone could possibly think about these matters in ways outside of your ideology.
Quote: Original post by Dreddnafious MaelstromQuote:
And once again you confirm my point. You only back up your claims when called out on them!
I assume an amount of education on the topic, yes.
That takes the cake. Blame the other guy when you fail to substantiate your assertions.
Quote: Original post by Dreddnafious MaelstromQuote:
I'm not asking about the last days of the USSR, I'm asking about those statistics from the FRB. I didn't present them as the problem, I presented them as refutation of Schiff's claim that the problem was productive capacity. Those stats indicate otherwise. It's simple really. He made a claim, I tried to find relevant evidence regarding that claim and what I found did not support the claim. Instead of acknowledging that, you've dismissed the statistics with a sideways complaint about the FRB, without directly confronting those statistics. And you still refuse to confront them.
Because you either don't understand the words I'm typing or you're willfully ignoring them.
I found them wanting. I found you repeating a rule (i.e. productive capacity based on margin isn't grounded by inherent demand) rather than answering the question. And, moreover, rather than show how your rule applied to the statistics from the FRB, you trotted out some contrived fable about the last days of the USSR. You were clearly avoiding the question and still are.
Quote: Original post by Dreddnafious MaelstromQuote:
You've dropped so many disconnects there I can't help but think you're bullshitting. How many fictitious scenarios does it take for you to explain something anyway? Assume for the moment, imagine this, imagine that, please! You're all over the place.
I'm trying to hold your hand to get my point across, you appear incapable of discourse at what should be a more appropriate level. Just wait until we talk about Dick, Jane, and Spot, you'll love that story.
I think you were simply filibustering. I think you weren't sure just what exactly you were trying to say, so you simply piled on the words hoping that something half way coherent would emerge. Seriously, does it take a dozen paragraphs to explain that money and capital aren't necessarily the same thing? That's not on me, that's all on you.
Quote: Original post by Dreddnafious MaelstromQuote:
If you're concerned with lower income people losing wealth through this form of transfer, then you ought to advocate for higher taxes on greater income, you ought to advocate for more government giveaways to lower income people, so that they don't have to go into debt to survive. The other day I read that the entire amount of money spent by the Federal Government on food stamps each year is around $40 billion dollars. That's not much more than the latest "payment" to AIG. If you're concerned about low income people racking up debts, you ought to be calling for loosening the qualifications for food stamps, so that more low income working people can qualify for food stamps, thus easing their burdens and reducing their need for credit. If some group is going to take the hit, then it ought to be a group better able to withstand it.
Income redistribution is theft, and is morally reprehensible. I despise it when it favors the rich and when it favors the poor. You're too caught up in your "eat the rich" pablum to recognize the systemic problem with what Obama is doing. This stimulus plan is a wealth transfer from the bottom third to the upper 2 or 3%.
Further it won't help the economy and behind the scenes the people at the reins of power know this. It's just graft.
If you want to get all moral, wrap your head around the reality that private property is murder. It robs individuals of the basics things they need to live - land, water, air. It robs individuals of their limited time on this earth. And these thefts murder body and mind. If you want to talk up what's morally reprehensible, dig deeper. Dig into the compulsion that would supplant society with the market while claiming that anything less is morally reprehensible.
The last three decades of free market based policies have resulted in a massive wealth transfer to the top 1%. To claim that resetting national policies to those that predated such an obscene transfer of wealth, will somehow perpetuate such obscene transfer of wealth, is utterly absurd. The fact is that the rich have gotten extremely fat over the last three decades, in large part because they managed to rewrite the rules to their favor. They're not only ripe for eating, they deserve to be eaten. They didn't share the wealth with those who created it for them. It's time they pay up.
Quote: Original post by Dreddnafious MaelstromQuote:
That's all fine and well, but so what. You might as well be counting angels dancing about the head of a pin.
The so what is the difference between credit and capital. If you're going to pretend to have an educated opinion on the issue you should at least internalize the verbage and quit being so sloppy with your useage. They are words, and they have a meaning.
So you went through all that to answer a question I asked three posts back and one that you've already adequately answered? And now you're talking about internalizing verbage and avoiding sloppy usage? Please. You're filibustering.
I asked you to clarify the relationship between money and capital, not credit and capital. You responded by claiming that I was using the word "money" in nebulous fashion and that it could mean credit, capital and specie. That was a good step towards clarification, but ultimately, you undermined it by laying out what you see as the difference between credit and capital, with an explanation involving money at every step - money in the bank, money in the bank, money spent to produce, money spent to consume. You laid that all out to better argue that credit doesn't produce wealth, it merely transfers it, in your view from the poor to the rich. It seems to me that behind the argument lurks the fact that the rich hold the wealth and will say whatever they have to say to hold onto their wealth. If you take our wealth, you're not really taking it from us, you're taking it from yourself, so don't go there!