blueblood

I'm a schiff fan as well, but there are some things where he might be a bit mistaken such as going back to the gold standard and removing the fed. He's playing the blame game as well when the blame lies on human error, not the system. To use an analogy that schiff always uses, schiff wants to take away the alcohol, I want party goers to enjoy the alcohol responsibly.

I'd say more and more people worldwide are getting richer, over the last 20 yrs millions and millions of people recently joined the middle class.

Nope, asbestos doesn't screw ones mind up and make them unproductive, all it screws up is the lungs like coal mining, working in dust, etc. Although asbestos does it faster. But if your comparing it to drugs, it still stands, the user is IMO more morally bankrupt than the supplier because without the user wanting to screw himself up, there would be no supplier to begin with.

Wikipedia says that Georgia was responding to shelling meaning the who started the war is up for debate. So Russia gets a free pass for doing any means necessary for dealing with terrorists, but NATO gets to be mired in red tape. Heads I win tails you lose in your eyes.

More moral than the countries who demand said asbestos and don't use it safely. No demand means no mining.

The Wtc bombing was icing on the cake for the dot com bubble popping. Those rates should have rose to help purge out the bad investments and square the books. The fed had 1920-21 to go on where the fed did nothing but let the market set rates accordingly. When savings swelled the banks, the banks lent again. The problem is that politicians don't see the forest for the trees and don't want to take their buckleys when they have to.

Tell that to the Ukrainians, Chechens, Georgians, and eastern Europeans. And if that doesn't satisfy you, the Russians being less aggressive is a result of the butt whipping NATO handed them. Don't mess with Texas!

I'm gen x, and I live in an area with extreme wealth disparity. Nothing motivates someone like seeing the consequences of failure firsthand. I'd say it's city folk who lack the coping skills because they live more sheltered lives. It's not just boomers, it's people who see the forest for the trees that are tolerant of hierarchy. Everyone answers to somebody...

Nope, the failure is you bitching about nato bombing people, and you in turn supporting those who do it far worse. Nothing like taking your freedoms for granted, I'm sure the Korean War Vets would be proud of you.

and if you keep handing money out for nothing, you will wind up back in mud huts. The Greeks are headed that way rather quickly. Hell the soviets tried it and were the only superpower with bread lines! The forcible taking of wealthy people's money might have got out of the mud huts, but the wealthy person voluntarily giving their money in exchange for labour or a return on their investment put us in sky scrapers.

building prisons, developing the oilsands, ag boom, energy boom, yes we have. far more efficient than doling out welfare checks.

There's no tyranny of the financial elite, its a tyranny of a bloated govt. I'm 1% and i am certainly not calling any shots. What injustice is there, some people are more talented than others?

Or you don't set the interest rate to 1% in 2001 and try and inflate your way out of a recession. The higher interest rate would be a far more efficient regulator.

And your trying to play the guilt card and trying to make people feel guilty instead of proposing a solution that works. Enabling poverty by handing out free money does not work no matter how many guilt trips you try and pull. All you do is create inflation and make e eryone poorer. Why do leftists want to keep beating a dead horse. It's a bad idea and Europe just found out the hard way.

I rest my case

We know, we know.

They are living better than people living for 0$ per month. If it costs that much to live in Toronto, then leave. that may involve walking/hitchhiking. And do you know how much that costs the rest of society to pay for that? Do you know what else we can spend that money on? If the guy off of pursuit of happiness can do it, surely to goodness someone with a 536 bucks per month advantage on him can.

That's what happens when you price yourself out of a job. Stupid is as stupid does. The USA will learn their entitlement lesson the hard way.

Not as "awesome" as the Russians or the Chinese. At least we try and minimize those, they don't care.

That will be debated, however I think it will go down as a "success" like fdr's new deal. One has to wonder if letting those banks fail would have been as big a disaster as some were making it out to be. Sure there would have been pain, but death... That will be one of the greatest mysteries of our time.

They did that through growing the economy, if you think handing out free money is the way to buy off the lower classes, I invite you to visit a first nation reserve in western Canada and see what dependance on gov't creates. If you don't have the elite doing their business, everyone becomes poor.

Here's one, if they want money they can go into bankruptcy like status. That means they can gut executive salaries and tear up management's contracts, and pay them a pittance for optics sake. Then there is closing the tax loopholes of those bailed out banks, etc. Etc.

There's more thoughts besides Marxism vs capitalism. You have Keynes vs the Austrian school. Krugman vs, Friedman. And if you watch financial shows there is often quite polarizing debate concerning fiscal policy.

You do know that increased regulations bring about with them unintended consequences. For example gov't insured bank accounts allow depositors to become complacent with their money which allows bankers to make riskier loans because the gov't will bail them out. Same goes with artificial low interest rates, which flooded the market with cheap money and in the early 2000s followed the path of least resistance which was the housing sector instead of production projects. Had interest rates been higher at true market value, many of those loans couldn't have been made because the interest would have been too high. The best way to prrevent a 2008 is to realize that society cannot save poor people, people and govts must live within their means, and that we need to find ways to lower costs of production through unwinding the regulations which made it so costly in the fist place - even though some people will be upset by it.

It makes sense when a person doesn't try and over complicate it. When you use occam's razor it's the best way to understand economics.