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reaganomix    

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Date Signed Up:8/31/2011
Last Login:7/23/2013
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latest user's comments

#1470 - National socialist as in Nazis Nations Socialist Germ…  [+] (3 new replies) 06/18/2012 on Politics - politics news,... +2
User avatar #1473 - whiskersthelong (06/18/2012) [-]
Still, the Nazi party was considered very radically left-wing in their time and they still are.
#1477 - reaganomix (06/18/2012) [-]
No, they were close to fascist.

Take away all economic issues between the radical left and radical right and they will be similar in many respects. The straight line doesn't make any sense as you become more radical because you end up having the similar policies in a way. If you put Stalin and Hitler in the same room, take away all economic issues, they will have many common grounds.

However, radical left and radical right are still different and should never be addressed as the same.

Communist: Fuck Nationalism
Fascist: w00t Nationalism
User avatar #1515 - whiskersthelong (06/18/2012) [-]
Actually, the USSR was not a communist state. They were, as the Germans were, socialists. They even shared their hatred of the Jews and cooperated during the invasion of Poland. That put aside however, the real difference between Socialism and Communism is that Socialism, like Capitalism is based off of the right to private property. In Soviet Russia, the people still had money that they could spend on an assortment of luxuries, such as toilet paper.
#1297 - Yes, but I doubt anyone in congress has actually read the cons… 06/17/2012 on Politics - politics news,... +1
#1294 - That's just it, it doesn't make sense.  [+] (2 new replies) 06/17/2012 on Politics - politics news,... +3
User avatar #1296 - unhappyspanners (06/17/2012) [-]
It confuses me. Also, doesn't it state that church and state must remain separate - so religious views have no place in politics.
#1297 - reaganomix (06/17/2012) [-]
Yes, but I doubt anyone in congress has actually read the constitution. Religious views have no place in politics, but like Mr. Goldwater said "These Christians believe they are acting in the name of God, so they can't and won't compromise"

"The principle that the majority have a right to rule the minority, practically resolves all government into a mere contest between two bodies of men, as to which of them shall be masters, and which of them slaves; a contest, that—however bloody—can, in the nature of things, never be finally closed, so long as man refuses to be a slave."

--Lysander Spooner
#1236 - Those voices....  [+] (1 new reply) 06/17/2012 on Politics - politics news,... +1
User avatar #1238 - airguitar (06/17/2012) [-]
I makes it funnier in my opinion "Ben Bernank" XD
#1229 - This is the first time I heard of the Fed adjusting price leve…  [+] (4 new replies) 06/17/2012 on Politics - politics news,... +1
User avatar #1232 - airguitar (06/17/2012) [-]
Also, random video link that is kind of hilarious that relates (decent chance you have already seen it):

www.youtube.com/watch?v=PTUY16CkS-k
#1236 - reaganomix (06/17/2012) [-]
Those voices....
User avatar #1238 - airguitar (06/17/2012) [-]
I makes it funnier in my opinion "Ben Bernank" XD
User avatar #1231 - airguitar (06/17/2012) [-]
Most of that comes from one of my professor's lecture notes last semester. I think there was an article talking about it on Econlib, lemme see if I can find it for you.
#1219 - Yes, I know some of it. I think I saw it somewhere with Milton…  [+] (6 new replies) 06/17/2012 on Politics - politics news,... +1
User avatar #1224 - airguitar (06/17/2012) [-]
That's the explanation I don't understand as much, largely because I don't understand how the market economy worked under the gold standard yet.

The other side is that the federal reserve was screwing with the price level. During the 20's the economy was booming but the federal reserve kept printing money and retracting it according to the expansion. I never learned the exact details of this but it caused prices to not reflect the true values of everything and the Price Level staying the same caused people to think the economy was steady when in fact it began declining.

Then, when the economy was nearing a recession the completely froze the money supply which exacerbated the problem. This is Friedman's argument that goes along with what you said.
User avatar #1229 - reaganomix (06/17/2012) [-]
This is the first time I heard of the Fed adjusting price levels. Know anywhere I can read about it or wikipedia?
User avatar #1232 - airguitar (06/17/2012) [-]
Also, random video link that is kind of hilarious that relates (decent chance you have already seen it):

www.youtube.com/watch?v=PTUY16CkS-k
#1236 - reaganomix (06/17/2012) [-]
Those voices....
User avatar #1238 - airguitar (06/17/2012) [-]
I makes it funnier in my opinion "Ben Bernank" XD
User avatar #1231 - airguitar (06/17/2012) [-]
Most of that comes from one of my professor's lecture notes last semester. I think there was an article talking about it on Econlib, lemme see if I can find it for you.
#1206 - Free market like monetarism and Austrian economic type of free…  [+] (8 new replies) 06/17/2012 on Politics - politics news,... +1
User avatar #1209 - airguitar (06/17/2012) [-]
Haha same, I only asked because I thought you had the same views ^_^

I'm reading a book against the bank bailouts right now and am moving on to "The Road to Serfdom" next along with "Capitalism and Freedom" and then a Ron Paul book 'A manifesto...'.

Are you familiar with the 'Fed Caused the Great Depression' debate?
User avatar #1219 - reaganomix (06/17/2012) [-]
Yes, I know some of it. I think I saw it somewhere with Milton Friedman.

Since the federal reserve was to slow in providing enough money to banks during the bank runs, large numbers of banks ended up closing their doors because they did not have enough money. Since banks do not actually store the money you put in the bank, they end up giving it out as loans. So when all the depositors want to take their money out, the bank does not have enough money because they ended up loaning it.

As banks closed, the money supply began to fall as well. (Keep in mind we were still on the gold standard) Gold still flowed into America during the depression so the money supply could have increased, but the Federal Reserve did not introduce the gold into the economy.
User avatar #1224 - airguitar (06/17/2012) [-]
That's the explanation I don't understand as much, largely because I don't understand how the market economy worked under the gold standard yet.

The other side is that the federal reserve was screwing with the price level. During the 20's the economy was booming but the federal reserve kept printing money and retracting it according to the expansion. I never learned the exact details of this but it caused prices to not reflect the true values of everything and the Price Level staying the same caused people to think the economy was steady when in fact it began declining.

Then, when the economy was nearing a recession the completely froze the money supply which exacerbated the problem. This is Friedman's argument that goes along with what you said.
User avatar #1229 - reaganomix (06/17/2012) [-]
This is the first time I heard of the Fed adjusting price levels. Know anywhere I can read about it or wikipedia?
User avatar #1232 - airguitar (06/17/2012) [-]
Also, random video link that is kind of hilarious that relates (decent chance you have already seen it):

www.youtube.com/watch?v=PTUY16CkS-k
#1236 - reaganomix (06/17/2012) [-]
Those voices....
User avatar #1238 - airguitar (06/17/2012) [-]
I makes it funnier in my opinion "Ben Bernank" XD
User avatar #1231 - airguitar (06/17/2012) [-]
Most of that comes from one of my professor's lecture notes last semester. I think there was an article talking about it on Econlib, lemme see if I can find it for you.
#1102 - Most likely the wars we were drawn into. It didn't sit well wi…  [+] (11 new replies) 06/16/2012 on Politics - politics news,... 0
User avatar #1114 - airguitar (06/16/2012) [-]
And what are your economic beliefs? Just curious.
User avatar #1206 - reaganomix (06/17/2012) [-]
Free market like monetarism and Austrian economic type of free markets. I don't believe the government can regulate the economy without causing significant negative effects.

For example, the housing bubble was caused by many government involvement. The federal reserve decided to reduce interest rates to 1% for a very long time. A low interest rate makes it easier for banks to make loans. Since banks could make easy loans they decided to start giving money to people who could not afford it 'sub prime borrowers'. Since money was easy to get, banks made loans to people that couldn't afford it because they were still getting paid for it.

This explains the crisis better www.youtube.com/watch?v=bx_LWm6_6tA
User avatar #1209 - airguitar (06/17/2012) [-]
Haha same, I only asked because I thought you had the same views ^_^

I'm reading a book against the bank bailouts right now and am moving on to "The Road to Serfdom" next along with "Capitalism and Freedom" and then a Ron Paul book 'A manifesto...'.

Are you familiar with the 'Fed Caused the Great Depression' debate?
User avatar #1219 - reaganomix (06/17/2012) [-]
Yes, I know some of it. I think I saw it somewhere with Milton Friedman.

Since the federal reserve was to slow in providing enough money to banks during the bank runs, large numbers of banks ended up closing their doors because they did not have enough money. Since banks do not actually store the money you put in the bank, they end up giving it out as loans. So when all the depositors want to take their money out, the bank does not have enough money because they ended up loaning it.

As banks closed, the money supply began to fall as well. (Keep in mind we were still on the gold standard) Gold still flowed into America during the depression so the money supply could have increased, but the Federal Reserve did not introduce the gold into the economy.
User avatar #1224 - airguitar (06/17/2012) [-]
That's the explanation I don't understand as much, largely because I don't understand how the market economy worked under the gold standard yet.

The other side is that the federal reserve was screwing with the price level. During the 20's the economy was booming but the federal reserve kept printing money and retracting it according to the expansion. I never learned the exact details of this but it caused prices to not reflect the true values of everything and the Price Level staying the same caused people to think the economy was steady when in fact it began declining.

Then, when the economy was nearing a recession the completely froze the money supply which exacerbated the problem. This is Friedman's argument that goes along with what you said.
User avatar #1229 - reaganomix (06/17/2012) [-]
This is the first time I heard of the Fed adjusting price levels. Know anywhere I can read about it or wikipedia?
User avatar #1232 - airguitar (06/17/2012) [-]
Also, random video link that is kind of hilarious that relates (decent chance you have already seen it):

www.youtube.com/watch?v=PTUY16CkS-k
#1236 - reaganomix (06/17/2012) [-]
Those voices....
User avatar #1238 - airguitar (06/17/2012) [-]
I makes it funnier in my opinion "Ben Bernank" XD
User avatar #1231 - airguitar (06/17/2012) [-]
Most of that comes from one of my professor's lecture notes last semester. I think there was an article talking about it on Econlib, lemme see if I can find it for you.
User avatar #1107 - presidentkupo (06/16/2012) [-]
Yo, thanks for all the info. Being the President must suck, I guess there nothing but a glorified civil servant. Next President should run on a campaign of "Blame it all on me", maybe they can make it work.
#1099 - People like Clinton because he was able to establish a budget …  [+] (15 new replies) 06/16/2012 on Politics - politics news,... 0
#1150 - herecomesjohnny (06/16/2012) [-]
I love how a president's economy policy counts more than his executive agreements overseas concerning his reputation. People can really be sheepish sometimes.
User avatar #1100 - presidentkupo (06/16/2012) [-]
Like the picture.

Hmm that would make the most sense. Is that the reason for the President Bush hate, because under his time, the economy turned down. It wasn't his fault.
User avatar #1153 - herecomesjohnny (06/16/2012) [-]
Bush crashed the economy by his flawed and impractical banking policies he put forth that ended up crashing the real estate domain and basically cut off a major part of people's savings.
#1102 - reaganomix (06/16/2012) [-]
Most likely the wars we were drawn into. It didn't sit well with many Americans, especially when Bush campaigned on the idea of non-intervention and reducing the size of the military in 2000.

Bush also had the misfortune of having the housing bubble pop while he was in office so many blamed him for the economies down turn.
User avatar #1114 - airguitar (06/16/2012) [-]
And what are your economic beliefs? Just curious.
User avatar #1206 - reaganomix (06/17/2012) [-]
Free market like monetarism and Austrian economic type of free markets. I don't believe the government can regulate the economy without causing significant negative effects.

For example, the housing bubble was caused by many government involvement. The federal reserve decided to reduce interest rates to 1% for a very long time. A low interest rate makes it easier for banks to make loans. Since banks could make easy loans they decided to start giving money to people who could not afford it 'sub prime borrowers'. Since money was easy to get, banks made loans to people that couldn't afford it because they were still getting paid for it.

This explains the crisis better www.youtube.com/watch?v=bx_LWm6_6tA
User avatar #1209 - airguitar (06/17/2012) [-]
Haha same, I only asked because I thought you had the same views ^_^

I'm reading a book against the bank bailouts right now and am moving on to "The Road to Serfdom" next along with "Capitalism and Freedom" and then a Ron Paul book 'A manifesto...'.

Are you familiar with the 'Fed Caused the Great Depression' debate?
User avatar #1219 - reaganomix (06/17/2012) [-]
Yes, I know some of it. I think I saw it somewhere with Milton Friedman.

Since the federal reserve was to slow in providing enough money to banks during the bank runs, large numbers of banks ended up closing their doors because they did not have enough money. Since banks do not actually store the money you put in the bank, they end up giving it out as loans. So when all the depositors want to take their money out, the bank does not have enough money because they ended up loaning it.

As banks closed, the money supply began to fall as well. (Keep in mind we were still on the gold standard) Gold still flowed into America during the depression so the money supply could have increased, but the Federal Reserve did not introduce the gold into the economy.
User avatar #1224 - airguitar (06/17/2012) [-]
That's the explanation I don't understand as much, largely because I don't understand how the market economy worked under the gold standard yet.

The other side is that the federal reserve was screwing with the price level. During the 20's the economy was booming but the federal reserve kept printing money and retracting it according to the expansion. I never learned the exact details of this but it caused prices to not reflect the true values of everything and the Price Level staying the same caused people to think the economy was steady when in fact it began declining.

Then, when the economy was nearing a recession the completely froze the money supply which exacerbated the problem. This is Friedman's argument that goes along with what you said.
User avatar #1229 - reaganomix (06/17/2012) [-]
This is the first time I heard of the Fed adjusting price levels. Know anywhere I can read about it or wikipedia?
User avatar #1232 - airguitar (06/17/2012) [-]
Also, random video link that is kind of hilarious that relates (decent chance you have already seen it):

www.youtube.com/watch?v=PTUY16CkS-k
#1236 - reaganomix (06/17/2012) [-]
Those voices....
User avatar #1238 - airguitar (06/17/2012) [-]
I makes it funnier in my opinion "Ben Bernank" XD
User avatar #1231 - airguitar (06/17/2012) [-]
Most of that comes from one of my professor's lecture notes last semester. I think there was an article talking about it on Econlib, lemme see if I can find it for you.
User avatar #1107 - presidentkupo (06/16/2012) [-]
Yo, thanks for all the info. Being the President must suck, I guess there nothing but a glorified civil servant. Next President should run on a campaign of "Blame it all on me", maybe they can make it work.
#6050873 - I remember being on here a long time ago and everything was ju… 06/16/2012 on FJ Pony Thread +2
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#1073 - Yes it will if that means reducing the power of the establishm… 06/16/2012 on Politics - politics news,... 0
#1070 - Why are there so many communist/socialist on here?  [+] (2 new replies) 06/16/2012 on Politics - politics news,... 0
User avatar #1183 - oddesy (06/17/2012) [-]
because no one if from the PRC or a former Soviet state.
User avatar #1176 - detrek (06/17/2012) [-]
Because there are so many hipsters here who think that "the man" is getting them down, when in reality they want to be paid for sipping $15 coffees in Starbucks.

inb4 red thumbs.
#1067 - lulzwut?  [+] (2 new replies) 06/16/2012 on Politics - politics news,... 0
#1071 - Womens Study Major (06/16/2012) [-]
Individualism will not create any opposition to the establishment.
User avatar #1073 - reaganomix (06/16/2012) [-]
Yes it will if that means reducing the power of the establishment by creating a smaller government in which people cannot manipulate it in such a way where the minority can rule over the majority or vice versa.
#6041555 - Picture 06/16/2012 on FJ Pony Thread +1
#6027427 - Anon at a Restaurant 06/16/2012 on FJ Pony Thread 0
#999 - Picture  [+] (1 new reply) 06/16/2012 on Politics - politics news,... +4
User avatar #1001 - ThatGuywithaface (06/16/2012) [-]
LOL, I hoped someone knew who I was talking about
#995 - Ayn Rand didn't create libertarianism 06/16/2012 on Politics - politics news,... +3
#6021902 - >implying there is another way 06/16/2012 on FJ Pony Thread +1
#964 - **** you, reading is hard.  [+] (1 new reply) 06/16/2012 on Politics - politics news,... +3
User avatar #1411 - arisaka (06/18/2012) [-]
GET AN AUDIOBOOK
#962 - Like no central bank or no form of money whatsoever? 06/16/2012 on Politics - politics news,... 0
#961 - Classical Liberalism is best Liberalism  [+] (1 new reply) 06/16/2012 on Politics - politics news,... +5
User avatar #966 - therealpokemon (06/16/2012) [-]
Meh. I somewhat agree. I love your name BTW.

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#12 - AreyouSerious (07/17/2012) [-]
A brony that can put up a political argument is a friend in my book.
#1 - feelythefeel (04/11/2012) [-]
Comment virginity taken my good man.
Comment virginity taken my good man.
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