What happened to all of the doom and gloom economic threads?

[Adre]

The euro imitates many of the features of the gold standard, which has left Greece unable to do many of the things that would allow them to get out of debt.


http://www.cityam.com/forum/the-gold-standard-gives-priceless-insights-how-save-the-euro

Good luck trying to convince these lightweights, even though you are completely correct. Maybe they don't know what imitates means

 

[NeverEndingMe]

The euro imitates many of the features of the gold standard, which has left Greece unable to do many of the things that would allow them to get out of debt.


http://www.cityam.com/forum/the-gold-standard-gives-priceless-insights-how-save-the-euro

oh yeah, by not allowing people to retire after 20 years of work. my limiting how much money one can "earn" (as you socialist nutbags like to call it) while living off welfare.

by limiting the number of fucktards working for the governemnt in non performing jobs

yeah, those horrible things. omg, imagine a society that is forced to work. oh the horror, the horror!

 

[NeverEndingMe]

Good luck trying to convince these lightweights, even though you are completely correct. Maybe they don't know what imitates means

are you another nutbag welfare lover?

 

[Adre]

are you another nutbag welfare lover?

No, I'm somebody so much smarter than you that you should retire immediately.

 

[NeverEndingMe]

No, I'm somebody so much smarter than you that you should retire immediately.

oh with that fucktard logic, you must be in government or a consumer of welfare

 

[Adre]

oh with that fucktard logic, you must be in government or a consumer of welfare

Thanks for proving my point.

 

[NeverEndingMe]

Thanks for proving my point.

and you dream about going into comedy, but that would require "work"

 

[TexasWife25]

oh with that fucktard logic, you must be in government or a consumer of welfare

Why do you hate soldiers?

 

[NeverEndingMe]

Why do you hate soldiers?

are you conceding that government workers are fucktards and useless and in a desperate gasp, you try to grab sympathy by including honorable military?

are you finally waking up that we need to fire 40% of all government workers?

that we MUST take the government pension system and give it back to the RIGHTFUL OWNER (aka TAX PAYERS)!

 

[TexasWife25]

are you conceding that government workers are fucktards and useless and in a desperate gasp, you try to grab sympathy by including honorable military?

are you finally waking up that we need to fire 40% of all government workers?

that we MUST take the government pension system and give it back to the RIGHTFUL OWNER (aka TAX PAYERS)!

You should put a sign in your yard that says


"Attention all fire and police, your services are no longer required"

 

[NeverEndingMe]

You should put a sign in your yard that says


"Attention all fire and police, your services are no longer required"

Well, if you had a job and realized how much those people are raping America, then you MIGHT understand what I'm saying

however, since you DON'T pay property taxes, well maybe you can read a book about that..............

 

[yevkassem72]

Fire the politicians.....and by that, I mean try 'em and fry 'em. We can bring the rest in line later. Madame Guillotine can fix our national problems quite well.

Robespierre 2012, because it's time for heads to roll.

 

[NeverEndingMe]

Fire the politicians.....and by that, I mean try 'em and fry 'em. We can bring the rest in line later. Madame Guillotine can fix our national problems quite well.

Robespierre 2012, because it's time for heads to roll.

and I love the fact that the obama can market his political socialist bullshit to US and by that, I mean to our cell phones! just wait, he's calling - asking for money as that's what people like the obama do and those like him do, they take money from working American's and waste it

while that TxWife consumes welfare and Andre dreams about doing work

 

[bra_man69]

Good luck trying to convince these lightweights, even though you are completely correct. Maybe they don't know what imitates means

Please tells us about monetary policy after all we are "lightweights"
I'll wait
Maybe you and robdownsouth need get together.

 

[benschup]

Well, if you had a job and realized how much those people are raping America, then you MIGHT understand what I'm saying

however, since you DON'T pay property taxes, well maybe you can read a book about that..............

I wonder if and when you get your head out of youe ass you mightexplain how they rape the country.

 

[NeverEndingMe]

Please tells us about monetary policy after all we are "lightweights"
I'll wait
Maybe you and robdownsouth need get together.

dumb and bummer

 

[bra_man69]

dumb and bummer

Could be but I'll wait to make judgment on how dumb.

 

[4est_4est_Gump]

This election season, we're going to hear a lot abut Obama's targeted tax cuts for the Middle Class. Here is yet another lesson on targeted versus blanket:

WASHINGTON (AP) - It seemed like a good idea at the time.

But a health insurance tax credit for small businesses, part of President Barack Obama's health care law that gets strong support in public opinion polls, has turned out to be a disappointment.

Time-consuming to apply for and lacking enough financial reward to make it attractive, the credit was claimed by only 170,300 businesses out of a pool of as many as 4 potentially eligible million companies in 2010.

That's put the Obama administration in the awkward position of asking Congress to help fix the problems by allowing more businesses to qualify and making it simpler to apply.
...

To begin with, the GAO said, the tax credit is structured so its biggest benefits go to very small companies paying low wages. About 4 out of 5 such businesses don't offer coverage, and the tax credit is not sufficient to encourage them to start doing so.

"Small employers do not likely view the credit as a big enough incentive to begin offering health insurance," the report said.

The average credit claimed in 2010 was about $2,700, although some companies qualified for much more.

Many small firms did not qualify because they paid fairly decent wages. The GAO report quoted an unidentified tax preparer who explained that "people get excited that they're eligible and then they do the calculations and it's like the bottom just falls out of it and it's not really there." It's almost a bait and switch.

Complexity has been another obstacle. IRS Form 8941, which employers must complete to claim the credit, has 25 lines and seven worksheets, the GAO said. Some tax preparers told the agency it took clients from two to eight hours to pull together supporting information and tax professionals another three to five hours to calculate the credit.

Trying to help, the IRS identified "three simple steps" employers needed to follow, but the GAO found "the three steps become 15 calculations, 11 of which are based on seven worksheets, some of which request multiple columns of information."

Arensmeyer said claiming the credit will be simpler once it becomes standard in tax-preparation software.

As it stands now, the credit is only temporary, expiring in 2016. That's another reason Congress appears unlikely to adopt the administration's proposed fixes, which would cost an estimated $14 billion that has to be offset with cuts elsewhere.

By RICARDO ALONSO-ZALDIVAR
http://apnews.myway.com/article/20120530/D9V2V5AO0.html

 

[4est_4est_Gump]

The euro imitates many of the features of the gold standard, which has left Greece unable to do many of the things that would allow them to get out of debt.


http://www.cityam.com/forum/the-gold-standard-gives-priceless-insights-how-save-the-euro

Good luck trying to convince these lightweights, even though you are completely correct. Maybe they don't know what imitates means

I think you are mistaken as to who is a lightweight...

 

[4est_4est_Gump]

There is no doubt that Egypt’s economy is in tatters. Real GDP growth was just 1.8 percent in 2011, and is projected to be lower still this year. Unemployment is 10.4 percent and rising. Youth unemployment tops 25 percent. Inflation runs well above 10 percent per year.

As is true of the welfare states of Europe, Egypt’s economy is being crushed by the burden of big government, taxes, and debt. The budget deficit is expected to reach 10 percent of GDP this year, a greater burden than Greece’s, while the official debt is roughly 80 percent of GDP. That is a lower percentage than, say, the U.S.’s, but it is still approaching the level that scholars warn seriously impedes economic growth. And, no doubt, the debt would be far higher without the $3 billion in foreign aid that Egypt receives every year — $1.5 billion of which comes from the United States. The country’s credit rating has been downgraded three times in the past year.

Moreover, these debt measures understate the problem. According to the Muhanna Foundation, Egypt’s real level of indebtedness, if one includes the unfunded liabilities of the country’s pension and social-security system, runs three to four times higher. Egypt had started to reform its pension system — it was supposed to transition to a Chilean-style system of personal accounts beginning this year — but those reforms have been indefinitely postponed because of the ongoing turmoil.

Some of Egypt’s economic problems are obviously aftershocks from the fall of former president Hosni Mubarak and the Arab Spring. Since the revolution, for example, tourism has fallen by a third, and foreign investment has declined by two-thirds. Exports, too, are down considerably. Street demonstrations, the potential rise of Islamic extremism, and uncertainty over future government policies have all contributed to this slowdown.

But Egypt’s economic problems existed long before the recent political upheaval, and begin with the crushing burden of a vast and intrusive welfare state. The Egyptian central government consumes a third of all goods and services produced in the country over a year. The tax burden exceeds 23 percent of GDP.

...

Shafiq clearly represents the crony capitalism and welfare statism of the old regime. He calls Egypt’s current economic situation “stable” and opposes any drastic changes. He has pledged to maintain government and military ownership of businesses. He has pledged to reduce the budget deficit to no more than 6 percent of GDP, though he has provided no details of how he would do so. He talks of subsidy reform, but again without details.

As on so many issues, the Muslim Brotherhood candidate, Morsi, has spoken about economic policy in wildly contradictory ways. On one hand he has proposed a more market-oriented agenda, promising to “limit the state’s role to basic services.” He would reduce and redirect many subsidies, and says he supports free trade. He too would cut deficits to roughly 6 percent of GDP. He would establish an independent central bank, with price stability the major goal. On the other hand, he has called for expanding the number of Egyptians eligible for social assistance, seeks to cancel debts for small farmers, and wants to create a system of Islamic finance parallel to traditional banking and finance systems.

http://www.nationalreview.com/articles/301226/egypt-europe-s-economic-cousin-michael-tanner

Meet the new boss, just the same as the old boss.

These guys are on the same page with Greece, Hollande and Obama.

Plus de choses changent, plus qu'ils restent la même chose.

 

[4est_4est_Gump]

May consumer sentiment highest in more than four years

*chuckle*

http://news.yahoo.com/consumer-confidence-plunges-may-140420807--finance.html

 

[RobDownSouth]

*chuckle*

http://news.yahoo.com/consumer-confidence-plunges-may-140420807--finance.html

My little pussy bitch has no comprehension of statistical trends, he justs throws out a single data point as "proof".

He's not very smart.

 

[unregistered]

 

[richard_daily]

These clowns need to consider the Wiemar Republic and how the Germans, because of the diminishing value of their fiat currency, had to economize and except ersatz products to match their money. Standards and values all had to be lowered because of the hyperinflation. People had to accept less in that new reality and their society decayed paving the way for Hitler on his white horse.

We see the same thing happening, here we accept imitation intelligence or "ersatz knowledge." We'll give a kid a high school diploma on inflated grades. We see both parents going to work to create a comfortable life that one working parent used to be able to provide, meanwhile we accept ersatz parenting as our children depend on day care centers for their parenting needs, etc. The key is recognizing that central banks and their inflationary schemes are at the bottom of this decay.

I find it ironic, that you just learned what the Wiemar Republic is in some blog post, and are now acting like you have any clue what it was... when you can't even wrap your little head around the fact that the nazis were a right wing authoritarian regime.

 

[4est_4est_Gump]

These clowns need to consider the Wiemar Republic and how the Germans, because of the diminishing value of their fiat currency, had to economize and except ersatz products to match their money. Standards and values all had to be lowered because of the hyperinflation. People had to accept less in that new reality and their society decayed paving the way for Hitler on his white horse.

We see the same thing happening, here we accept imitation intelligence or "ersatz knowledge." We'll give a kid a high school diploma on inflated grades. We see both parents going to work to create a comfortable life that one working parent used to be able to provide, meanwhile we accept ersatz parenting as our children depend on day care centers for their parenting needs, etc. The key is recognizing that central banks and their inflationary schemes are at the bottom of this decay.

We have iPhones now.

We're "evolved." Evolved Societies can make complex economies work better than ANY invisible hand from the dark ages before Bell...

It was consequently here that the ideal of the rule of law was first deprived of real content. The substantive conception of the Rechtsstaat, [a state bound by the rule of law]; which required that the rules of law possess definite properties, was displaced by a purely formal concept which required merely that all action of the state be authorized by the legislature. In short, a "law" was that which merely stated that whatever a certain authority did should be legal. The problem thus became one of mere legality. By the turn of the century it had become accepted doctrine that the "individualist" ideal of the substantive Rechtsstaat was a thing of the past, "vanquished by the creative powers of national and social ideas. ... This new formulation, known as the "pure theory of law" ... signaled the definite eclipse of all traditions of limited government....
Only a demagogue can represent as "antidemocratic" the limitations which long-term decisions and the general principles held by the people impose upon the power of temporary majorities. These limitations were conceived to protect the people against those to whom they must give power, and they are the only means by which the people can determine the general character of the order under which they will live.
FA Hayek (on positivism)

It is popular today to blame capitalism for everything that displeases. Indeed, who is still aware of what he would have to forego if there were no "capitalism?" When great dreams do not come true, capitalism is charged immediately. This may be a proper procedure for party politics, but in Scientific discussion, it should be avoided.
Ludwig von Mises
A Critique of Interventionalism (1929)