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@Best.Korea
During the Gilded Age, the economy was not a free market. While there were scant elements of free-market capitalism, the period was also marked by significant government intervention.
Democrats will win every or almost every subsequent election if Kamabla wins
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@Greyparrot
During the Gilded Age, the economy was not a free market.
Free market never existed anywhere.
Now, its brave of you to try. You get a cookie for trying!
During the Gilded Age, the economy was not a free market. While there were scant elements of free-market capitalism, the period was also marked by significant government intervention,
That’s nonsense. Nobody would characterize the Gilded Age as a heavily regulated business environment.
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@WyIted
perfect policies can be objectively determined if one has studied philosophy
So we should create economic policy based on philosophical principles? That’s beautiful
That’s nonsense. Nobody would characterize the Gilded Age as a heavily regulated business environment.
AI did. You must be smarter than AI. Or maybe Uno reverse card. Flip a coin?
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@IwantRooseveltagain
So we should create economic policy based on philosophical principles? That’s beautiful
You know that keynesian economic theory is a type of philosophy correct?
Are you just not able to grasp complex philosophies? Is it more important to you that we remain pragmatic and cut off the dicks of 8 year olds, have open borders and ban guns?
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@WyIted
Is it more important to you that we remain pragmatic and cut off the dicks of 8 year olds, have open borders and ban guns?
Christians want to cut dicks of newborns.
At least democracts wait until child can express consent, and 99.9% of dicks remain uncut since only a small percentage of people are trans and even less desire surgery.
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@WyIted
Actually we should aim for perfect since perfect policies can be objectively determined if one has studied philosophy for several years
You studied philosophy, not economic policy or philosophy.
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@IwantRooseveltagain
You studied philosophy, not economic policy or philosophy.
correct but I won 5 different debates against Keynesians on DDO, so they have been objectively disproven
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@WyIted
correct but I won 5 different debates against Keynesians on DDO
Ah yes, voters decide what is objectively disproven.
I guess that makes Trump objectively disproven because he loses popular vote every time. Its embarrassing.
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@Best.Korea
I guess that makes Trump objectively disproven because he loses popular vote every time. Its embarrassing.
Appeal to populism, it was mostly judge selection debates and I picked competent non biased judges. I get it though. You like North Korea and want America to have economic interventionism like North Korea
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@WyIted
it was mostly judge selection debates and I picked competent non biased judges
That doesnt work for you either.
Smart people and people with high education are more likely to be democrats. Its the stupid people who are more likely to be Christians and republicans, so your argument has defeated you once again.
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@Best.Korea
We can agree to an IQ test. 5 minutes before the IQ test whiteflame sends us a link to ensure we can't game the system we also livestream taking the test. Whoever scores less though has to commit suicide. You are very confident liberals are smarter so this will not be an issue and it seems like a fair set up. I don't think you are even smart enough to get in Mensa so perhaps we have 2 weeks from today to document we are in Mensa and whoever can't prove Mensa membership has to commit suicide.
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@Greyparrot
Artificial booms and busts by unelected oligarchs are worse than grassroot booms and busts.
It's also impossible to honestly say there was a controlled experiment which proved that there are busts and booms in a free and open society (with a free market).
The Federal reserve was created to "solve" the supposedly endemic (natural) problem of bank runs as evidenced by the 1907 panic.
However that panic was caused by the US government's own investments. Again (and this is the most common pattern in the history of government, it is more prevalent than coups, propaganda, or war) the solution to the problem they created is worse than the problem itself. Geometric cascade of waste and failure.
The Bank Panic of 1907 was a short-lived banking and financial crisis in the U.S. that occurred at the beginning of the twentieth century.It resulted from the collapse of highly-leveraged speculative investments propagated by easy money policies pursued by the U.S. Treasury in the preceding years.
Notice at the start of the self-inflicted wounds the difference in power and interests:
- Without a government central bank to fall back on, U.S. financial markets were bailed out from the crisis by personal funds, guarantees, and top financiers and investors, including J.P. Morgan and John D. Rockefeller.
Those filthy capitalists did the thing that supposedly we need government to do (fix problems created by the government).... and what's more they did it with their own money instead of stolen money.
A perfect example of why appeasement is a bad strategy with people who have no idea that they're in the wrong (the socialists).
So in conclusion, there may not be natural depressions. Of course businesses and stocks will rise and fall, and will the personal fortunes of individuals and families in direct proportion to how much they risked and how correct they were (about economic matters). Yet it's very possible that in a truly free society with a truly free market those who have not risked their precious assets have nothing to fear from the speculative investments of others. It may also be that what we think of as the stock market today is a gambling ring created by the artificial government punishment of saving, the artificial promotion of diversified portfolios, and the uncertainty created by constantly shifting government regulations.
It's possible that a free economy's stock market is a fairly boring place where careful investments are made by people who know what they're investing in any why it's a good idea. That employees invest primarily in their own company for which they have respect and loyalty and work diligently to power to success, ironically such behavior must inevitably lead to something more of the holy grail of communism "worker ownership of the means of production".
It was more like that before the birth of the deep state which I would peg around the turn of the century when corrupt and devious men bent on world domination and personal enrichment decided that a nation's currency was just another weapon.
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@WyIted
Whoever scores less though has to commit suicide.
So you believe that if you are smarter than me, then republicans are smarter than democrats.
These things arent even relevant to each other. Even if you proved to be smarter than me, democrats would still be smarter than republicans.
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@Best.Korea
Even if you proved to be smarter than me, democrats would still be smarter than republicans.
I am your average republican and you are the average democrat. It seems fair
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@ADreamOfLiberty
ironically such behavior must inevitably lead to something more of the holy grail of communism "worker ownership of the means of production".
That's certainly better than the current system where the worker surrenders 25% of his production to a bloated federal government as a form of indulgence to the deity.
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@WyIted
I am your average republican
actually, below average
Well, in 2022 Democratic voters were once again, on average, younger, more racially and ethnically diverse, and more likely to possess college degrees than Republican voters.
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@IwantRooseveltagain
actually, below average
SO there you go, there is definitely no excuse now
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@FLRW
The assumption that all young voters or college-educated individuals align with Democratic ideals ignores the growing segment of these groups that lean towards Republican or independent views. Many young voters, particularly those concerned with issues like economic freedom, inflation, or skepticism towards government overreach, have increasingly found themselves at odds with the Democratic platform.
Moreover, the idea that diversity automatically equates to Democratic support is increasingly challenged by recent voting trends. For instance, Republicans have made significant inroads with Hispanic and Black voters, particularly among working-class individuals who may prioritize economic issues or hold more conservative social values. The narrative that Democrats are the sole party of diverse voters fails to capture these shifts, where traditional racial and ethnic alignments are becoming more fluid and issue-driven, especially on immigration and inflation issues.
Finally, while education level has historically correlated with Democratic support, this too is evolving. Many college-educated voters are not a monolithic bloc; for instance, voters with degrees in business or STEM fields might prioritize different issues than those in the humanities, grievance majors, or social sciences. Additionally, Republicans have been gaining traction among non-college-educated voters, who make up a significant portion of the electorate, reflecting a broader realignment where economic concerns and cultural issues are increasingly driving political affiliation beyond the simple dichotomy of educational attainment.
That's certainly better than the current system where the worker surrenders 25% of his production to a bloated federal government as a form of indulgence to the deity.
All the losers who make less than 150k a year do NOT pay a 25% effective tax rate.
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@WyIted
we are in Mensa
I think its spelled menstrual in your case
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@WyIted
I am your average republican and you are the average democrat.
Its retarded to think that.
I understand that your argument got destroyed here, so instead of defending your argument, you challenge me to an IQ duel to the death to save face.
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@WyIted
correct but I won 5 different debates against Keynesians on DDO, so they have been objectively disproven
Was your opponent in the 5th or 6th grade?
You can’t spell chatGPT without GP
you cant spell fascist dictator regulator without FDR.
Was your opponent in the 5th or 6th grade?
I am not sure it matters. If truth was on their side I would lose
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@IwantRooseveltagain
Considering the United States has the largest economy in the world with a GDP of over 20 trillion, it’s obvious things have worked out pretty well.
UNDER CAPITALISM. Socialism will take that all away. So if you like capitalism, vote for President Trump.
And don’t give me the crap about the Gilded Age, because that was practically worker enslavement, not the same as what we have today. They needed Government Intervention, we do not.
you cant spell fascist dictator regulator without FDR.
FDR led the country through the Great Depression and WWII. Many of his initiatives still exist today. Social Security, unemployment insurance, the FDIC, and the SEC.
Name a libertarian who has accomplished anything, anything at all.