> "Jeffrey Turner" localnet.com> wrote:
>
>

>>> Something I said caused you to feel the need to begin name calling?

>>
>>If you don't want to be thought a fool, you'll have to explain how a
>>country without a central gov't, like Somalia, or a country where the
>>gov't doesn't do anything for the people, like Equatorial Guinea, is
>>better than the U.S.

>
> You are offering a classic strawman argument now. Honestly, your tactics
> are becoming tedious. Never once have I stated any oppositition to a
> central government.

>
> tcq.net> wrote in message
> news:2d5456f6-3077-40d5-bcc2-8d9aea2545cf@m34g2000hsf.googlegroups.com...

>>
>> lets try this one more time. the fed had nothing to do with the
>> current over extension of credit. the mortgage brokers were not part
>> of the fed. the brokers were in almost all cases, unregulated by the

>
> Do you understand how the central banking system works? The reasons these
> loans exist is the Fed's willingness to permit loans from banks as a
> multiple of their deposits...in other words, loans of money that does not
> exist. A tight monetary policy whereby banks can only loan money they
> actually have offers a significantly different marketplace for loans. I...

> "Marcello" nospam.com> wrote in message
>
> news:GCPsj.14762$QJ3.11440@newsfe07.phx...
>
>
>
>
>

>> tcq.net> wrote in message
>>news:2d5456f6-3077-40d5-bcc2-8d9aea2545cf@m34g2000hsf.googlegroups.com...

>

>>> lets try this one more time. the fed had nothing to do with the
>>> current over extension of credit. the mortgage brokers were not part
>>> of the fed. the brokers were in almost all cases, unregulated by the

>

>> Do you understand how the central banking system works? The reasons these
>> loans exist is the Fed's willingness to permit loans from banks as a
>> multiple of their deposits...in other words, loans of money that does not
>> exist. A tight monetary policy whereby banks can only loan money they ...

> yahoo.com> wrote in message

>> On Feb 11, 6:08 pm, "Marcello" nospam.com> wrote:

>>>> A few hundred years ago when the total GDP was $1 million dollars, the
>>>> wealth was distributed according to the $1 million dollars overall
>>>> value. A King might get $1000 dollars in today's value. A today's poor
>>>> may get $2000 dollars (thus "The poor today live better lives than
>>>> kings from only a few hundred years ago"), but that has nothing to
>>>> justify the king's claim that he was entitled to all the $1 million
>>>> dollars a few hundred years ago. Because if he did, everybody else
>>>> will be starved to death. Thus the entitlement at time X is evaluated
>>>> based on the overall wealth at time X, not X-500 or X+500. You kept
>>>> committing all kinds of time frame fallacies.

>

>>> This is entirely based on your assumption that wealth is limited. Your
>>> points are valid if that were true, but you offer no evidence to support
>>> the
>>> claim of a limited amount of wealth. ...

> read keynes.
>

>  Move to those countries then.> If you're already rich, France is a rather nice place to be I've

>> heard.

>
> it should not be then according to you.

>> As for your bubble economy points, read the books by Schumpeter about
>> creative destruction.  It's actually healthy to pop a bubble.

>
> keynes really knew what works.

> On Thu, 14 Feb 2008 16:05:44 -0800 (PST), raylopez99
> yahoo.com> wrote:
>

>> On Feb 13, 8:35 am, Vide...@tcq.net wrote:

>>> read keynes.
>>>

>> That's lame. It's like saying "Google it". I read Keynes--he said
>> his sh it don't work except extremely short term. But he's wrong.
>> It's never worked. THe world came out of depression not due to
>> deficit spending by governments but due to WWII increasing demand.

>
> That's a very common misperception.
>
>
> Two. The depression ended long before the war. It was a series of
> recessions. The first went from Aug. 1929 to March 1933. This was the
> big one. Note FDR took office in March 4, 1933, so this one was over
> before he really got started. There was a second recession May 1937 to
> June 1938. But the US did not enter the war until Dec. 1941. ...

> On Thu, 14 Feb 2008 16:05:44 -0800 (PST), raylopez99
> yahoo.com> wrote:
>

>>>> As for your bubble economy points, read the books by Schumpeter about
>>>> creative destruction. It's actually healthy to pop a bubble.

>>> keynes really knew what works.

>> Did not, nutter.

>
>
> That's why his concepts of GDP and consumer demand are used today by
> every body. Give it a rest.

> tcq.net> wrote in message
> news:2d5456f6-3077-40d5-

>>
>> lets try this one more time. the fed had nothing to do with the current
>> over extension of credit. the mortgage brokers were not part of the
>> fed. the brokers were in almost all cases, unregulated by the

>
> Do you understand how the central banking system works? The reasons
> these loans exist is the Fed's willingness to permit loans from banks as
> a multiple of their deposits...in other words, loans of money that does
> not exist.

> On Feb 13, 8:35 am, Vide...@tcq.net wrote:> read keynes.
>
> That's lame. It's like saying "Google it". I read Keynes--he said
> his sh it don't work except extremely short term. But he's wrong.
> It's never worked. THe world came out of depression not due to
> deficit spending by governments but due to WWII increasing demand.
>

> stuff_st...@comcast.net wrote:

>> On Thu, 14 Feb 2008 16:05:44 -0800 (PST), raylopez99
>> yahoo.com> wrote:

>

>>> On Feb 13, 8:35 am, Vide...@tcq.net wrote:

>>>> read keynes.

>

>>> That's lame. It's like saying "Google it". I read Keynes--he said
>>> his sh it don't work except extremely short term. But he's wrong.
>>> It's never worked. THe world came out of depression not due to
>>> deficit spending by governments but due to WWII increasing demand.

>

>> That's a very common misperception.

>

>> Two. The depression ended long before the war. It was a series of
>> recessions. The first went from Aug. 1929 to March 1933. This was the
>> big one. Note FDR took office in March 4, 1933, so this one was over
>> before he really got started. There was a second recession May 1937 to
>> June 1938. But the US did not enter the war until Dec. 1941. ...