You sound like my eco proff. explaining the latin american debt crisis of the 80s...
On Fri, Dec 2, 2011 at 8:48 AM, Don Johnson <[email protected]> wrote: > > > On Thu, Dec 1, 2011 at 8:40 PM, rigsy03 <[email protected]> wrote: > >> Another of many historical missed opportunities was post WWII as the >> USA was faced with the Cold War and one of our major tactics against >> Communism was consumerism and a rising middle class income but as we >> see, it ran amok. >> > > Due to excessive borrowing. Both by individuals and our goverment. Our > government encouraged lending to those least able to repay. Thus the > sub-prime debacle. If banks were expected to take their losses when they > didn't get their loans repayed we wouldn't be in this mess right now. They > KNEW they'd be bailed out. There was never any question about it. Freakin' > GSEs. > > There is nothing wrong with consumerism per se. The problems come from > massive debt. I get so frustrated when liberals are completely blind to the > cause of our troubles and therefore resistant to the solution. Austerity. > The sooner, the better. > > dj > > >> >> On Dec 1, 5:08 am, Allan H <[email protected]> wrote: >> > I hate mumble mumble economics.. >> > to clear up the confusion >> > Economics is based off 3 questions >> > 1: What will be produced with resources. >> > 2:How will the productes be produced >> > 3: for whom will these products be produced >> > >> > There are only 4 types of economy >> > 1: Traditional -- answers there 3 question based on social customs and >> how >> > society has dealt with them in the past. >> > 2: Market these questions are answered by the interaction between >> buyers >> > and sellers. >> > 3: Command economy and questions are answered by the government. >> > 4:Mixed economy answers these question by a mixture of the other three >> > economic systems.. >> > >> > Bookkeeping is not an economic system.. it just tells you where your >> money >> > is coming from and going to.. >> > >> > My comments adding to the confusion, but I hope it is not mumble mumble >> > economics >> > >> > Now how and what do we want the economic system to evolve into.. be >> aware >> > what works for one area does not necessarily work in another.. and debt >> > economics is not a economic system just greedy people trying to steal >> more >> > money. >> > Allan >> > >> > >> > >> > >> > >> > On Thu, Dec 1, 2011 at 11:00 AM, Allan H <[email protected]> wrote: >> > > Good flicks and interesting but after watching the movie it seems >> they >> > > got into repeating what was said.. >> > >> > > I agree economics needs to change,, now comes the deadly question,, >> just >> > > how are they purposing to change it?? Sorry just saying it needs to >> change >> > > and stating the obvious is not saying how it should change. >> > > Allan >> > >> > > On Thu, Dec 1, 2011 at 9:37 AM, archytas <[email protected]> wrote: >> > >> > >>http://econ4.org/news- has a video on "greed" (economics). >> > >> > >> On Nov 30, 10:34 pm, archytas <[email protected]> wrote: >> > >> > We've been feeding a stray cat for a few weeks - one might say he >> eats >> > >> > greedily but we don't mean this as greed - the poor blighter is >> just >> > >> > hungry. Lions will give up a decent shank of a kill around human >> > >> > breakfast time - try to take the whole hog and they will kill. The >> > >> > dream of western capitalism is very greedy. Send paracetamol Vam - >> > >> > before I go on and on about the term greed in use! >> > >> > >> > On Nov 30, 6:53 pm, monkebus <[email protected]> wrote: >> > >> > >> > >. Exactly. >> > >> > > -- >> > > ( >> > > ) >> > > |_D Allan >> > >> > > Life is for moral, ethical and truthful living. >> > >> > -- >> > ( >> > ) >> > |_D Allan >> > >> > Life is for moral, ethical and truthful living.- Hide quoted text - >> > >> > - Show quoted text - >> > > -- EverComing
