Elections DOGE is formed

[avenue94]

Your argument would have substance behind it if they were the same TVs, but no one today would bother pay for and willingly watch those TVs when we have the 50" 4K HDTVs avaivable.

Hence, the advancements of technology and economics of keeping TVs reasonably prices.

Praise capitalism.

So you're conceding that you were wrong in arguing that the cost of goods and services have universally increased since the 1950s?

In other words, corporations are using inflation to increase the prices of their goods to increase their profit margins.
Do you know what is a liability to profit margins? Taxes.
If taxes increase and take an increased percentage out of their profit margins, do you think the corporations will just pay it?

You're the one who brought up corporate taxes when I've been clear that high income taxes don't increase the cost of goods.

First, you're wrong that's the main reason.
Second, you're ignorant of the other reasons.
Third, ignoring the other reasons isn't surprising because it conflicts with your worldview.

My world view that's shared by most economists? Yeah, they're wrong and you're right totally. Even though you're arguing for the gold standard of all things.

Spare us the 'OMG there's a recession and its the worst thing that could ever happen!'

Recessions are pretty bad. What are you arguing is worse?

This discussion isn't revolved around Republican/Democrat dynamics. The gold standard was abandoned under the Nixon administration.

And here you are arguing that it's a good idea besides nearly every economist worth taking about thinks it's a horrible idea.

 

[avenue94]

This is exhibit A as to why DOGE is a terrible idea. The Pentagon desperately needs more oversight and fiscal controls, and for that you need trained auditors and budgeting experts. Not random internet dweebs playing armchair auditor for free.

 

[Helden]

dumbass!? really!? you do realize over a million people get layed off every single month in this country right? There are kindof a lot of people here. I'm not a genius like you but I think we might survive a one time 2 million hit of useless government employees. Sounds like you should probably be one of those.

Yes dumbass.. if you have no idea why randomly firing 75% of government employees is a dumb as shit strategy, dont reproduce. You are single handedly bringing humanity IQ down.

 

[Rob Battisti]

You love to see it.

People talk about Tim Pool being a grifter. These people are the ultimate grifters.

 

[Cartiac]

Yes dumbass.. if you have no idea why randomly firing 75% of government employees is a dumb as shit strategy, dont reproduce.

I have no idea what would happen if a randomly 75% of the entire world farted at the same time but since we are just making up pointless situations you could at least make yours a little more creative.

You are single handedly bringing humanity IQ down.

Yea, I know. My pimp hand is pretty dang strong. You should see what I can do with the other one!

 

[Confucamus]

You love to see it.

People talk about Tim Pool being a grifter. These people are the ultimate grifters.

How the hell do you just lose track of that much money?

 

[Rob Battisti]

How the hell do you just lose track of that much money?

“Lose”

 

[GearSolidMetal]

So you're conceding that you were wrong in arguing that the cost of goods and services have universally increased since the 1950s?

I concede nothing, because they're not the same goods.

Its like comparing 1950s phones...

...to these phones.

You're the one who brought up corporate taxes when I've been clear that high income taxes don't increase the cost of goods.

And corporate taxes haven't been increased since 2017....under Trump.


Prices did rise modestly, nowhere nearly as high as adding trillions of dollars to the system.



Bet you'd argue that increasing the corporate tax rate by 7% wouldn't increase prices at all, when in fact corporations would increase their prices beyond 7% because they don't like their effective profits being obstructed.

My world view that's shared by most economists? Yeah, they're wrong and you're right totally. Even though you're arguing for the gold standard of all things.

Keynesian or Austrian?

Recessions are pretty bad. What are you arguing is worse?

Government interference to turn a simple short-term recession into a long-term depression.

And here you are arguing that it's a good idea besides nearly every economist worth taking about thinks it's a horrible idea.

Keynesian or Austian economists argued removing the gold standard was GOOD for the long-term economy?

Would you say deflation is a good or bad thing?

 

[avenue94]

I concede nothing, because they're not the same goods.

Its like comparing 1950s phones...

How is a TV from today different from a TV from the 1950s? And I'd compare normal home phones to 1950s home phones, and surprise surprise, today is cheaper. I'm not the one being a dumbass and claiming that every product is more expensive today than in the 1950s.

Bet you'd argue that increasing the corporate tax rate by 7% wouldn't increase prices at all, when in fact corporations would increase their prices beyond 7% because they don't like their effective profits being obstructed.

Depends on the good and the industry (ie where companies are headquartered). At any rate, I said nothing about corporate tax rate. Note that the Trump corporate tax cuts were a failure in regards to attracting investment and new jobs and companies to the US.

Keynesian or Austian economists argued removing the gold standard was GOOD for the long-term economy?

Would you say deflation is a good or bad thing?

Depends on the individual. At any rate, every single credible survey of economists always comes back vehemently opposed to the gold standard. Because again, it's a terrible idea that most economies outgrew.

Deflation is really bad at this point compared to low single digit inflation.

Government interference to turn a simple short-term recession into a long-term depression.

What is even a long term depression? You're more of an idiot than I thought if you think that America was better off economically in 1900 or in the 1800s compared to today.

 

[GearSolidMetal]

How is a TV from today different from a TV from the 1950s?

Wow... you really are this stupid.

Depends on the good and the industry (ie where companies are headquartered).

Corporations offer hundreds, sometimes thousands of products. The production, transportation, and the sales to get them to paying customers.

Whatever they can't raise the prices of they'll lower the quality to keep the profit margins the same, and they'll raise the prices of the products they can to make up the difference.

Its of no surprise to anyone you are incapable of figuring this out.

Depends on the individual. At any rate, every single credible survey of economists always comes back vehemently opposed to the gold standard. Because again, it's a terrible idea that most economies outgrew.

Wait wait wait.... you're under the delusion that Keynesian AND Austian economists agree with you?

Deflation is really bad at this point compared to low single digit inflation.

Deflation is when prices go DOWN due to economic forces, Avenue94.
Inflation is when prices go up, almost universally, indicating a devaluation of the currency.

Once again, its of no surprise this has to be explained to you.

What is even a long term depression? You're more of an idiot than I thought if you think that America was better off economically in 1900 or in the 1800s compared to today.

Say you've never heard of the Great Depression without saying you've never heard of the Great Depression.

 

[avenue94]

Wow... you really are this stupid.

This is simple. Do TVs today offer better value or lower pricing in real dollars than in the 1950s?

Corporations offer hundreds, sometimes thousands of products. The production, transportation, and the sales to get them to paying customers.

Whatever they can't raise the prices of they'll lower the quality to keep the profit margins the same, and they'll raise the prices of the products they can to make up the difference.

Its of no surprise to anyone you are incapable of figuring this out.

Hence I said depends on the industry. There are industries that can raise prices without losing volume, and then there are those that cannot.

Wait wait wait.... you're under the delusion that Keynesian AND Austian economists agree with you?

There aren't many Keynesians in 2024 who believe in the gold standard. There are more Austrians who believe in it but Austrians in general are a bunch of dumbfucks who argue vibes is better than objective data and analysis at this point. They're a joke.

Deflation is when prices go DOWN due to economic forces, Avenue94.
Inflation is when prices go up, almost universally, indicating a devaluation of the currency.

Once again, its of no surprise this has to be explained to you.

Deflation is awful because it deters investment and long term spending. Too many perverse incentives. Care to cite an example of a country suffering deflation that you consider a success?

 

[GearSolidMetal]

This is simple. Do TVs today offer better value or lower pricing in real dollars than in the 1950s?

Wow... you really are this stupid.

 

[GearSolidMetal]

This is exhibit A as to why DOGE is a terrible idea. The Pentagon desperately needs more oversight and fiscal controls, and for that you need trained auditors and budgeting experts. Not random internet dweebs playing armchair auditor for free.

So the pentagon needs more oversight and fiscal controls... so lets not give them more oversight and fiscal controls.

Brilliant idea.

The problem is Washington DC has had trained auditors and budgeting experts working all along. Weren't you praising some departments a few pages back that have done absolutely nothing?

 

[Helden]

I have no idea what would happen if a randomly 75% of the entire world farted at the same time but since we are just making up pointless situations you could at least make yours a little more creative.



Yea, I know. My pimp hand is pretty dang strong. You should see what I can do with the other one!

What am I making up? That is literally what Vivek said in the interview, fire 50% of federal employees at random (based on whether their phone number starts with an even or an odd number) and then of the remaining, fire half based on whether their social security number starts with an even or an odd number... Literally said this, as an "interesting thought experiment" that would boost the economy and improve efficiency. The MAGA cabinet is a circus, full of idiot clowns.

 

[ShadowRun]

Dick tuck noted, and now you're deflecting to something completely irrelevant.

You probably think if you send an email to "[email protected]" I would receive it, right?

The poster is a empty bot , don’t waste your time

 

[avenue94]

So the pentagon needs more oversight and fiscal controls... so lets not give them more oversight and fiscal controls.

Brilliant idea.

The problem is Washington DC has had trained auditors and budgeting experts working all along. Weren't you praising some departments a few pages back that have done absolutely nothing?

It does, but that's up to Congress to both authorize better controls and to vote down bad spending. They have the information to make these decisions, they just don't want to.

And honestly you could probably use more auditors given the size of the DCA.

 

[GearSolidMetal]

It does, but that's up to Congress to both authorize better controls and to vote down bad spending. They have the information to make these decisions, they just don't want to.

And honestly you could probably use more auditors given the size of the DCA.

Okay we may be achieving a bit of a middle ground here to end the conversation with, rather than insults.

Trump, for all his faults, is probably going to be the one president in our lifetimes willing to take a chainsaw to all of the piss-poor spending. In addition to DOGE, which as president he could unilaterally shut down numerous useless departments, he may have the balls to make demands to congress to make serious budget cuts under the threat of refusing to sign the budget and shut the federal government down.

Kamala sure as hell wouldn't be he president to make those demands.

 

[avenue94]

Okay we may be achieving a bit of a middle ground here to end the conversation with, rather than insults.

Trump, for all his faults, is probably going to be the one president in our lifetimes willing to take a chainsaw to all of the piss-poor spending. In addition to DOGE, which as president he could unilaterally shut down numerous useless departments, he may have the balls to make demands to congress to make serious budget cuts under the threat of refusing to sign the budget and shut the federal government down.

Kamala sure as hell wouldn't be he president to make those demands.

I'd disagree because spending mostly matters in the context of government revenue here. And Trump was among the worst presidents in recent memory when it came to defecits. All those tax cuts you keep calling for are the reason for the huge deficits Trump ran. And if he tries to build on that and imposes tarriffs (economic deadweight) the debt is only going to pick up the pace it accumulates in. It's impossible to make a dent in the national debt amd deficits without increasing taxes.

 

[DoctorTaco]

No one gives a shit about gold other than Corvette drivers and pretentious steakhouse restaurants

Oddly specific

 

[lsa]

haha, you know what is a much more solid asset to back up the worth of the dollar? Aircraft carriers and F-35s. No one gives a shit about gold other than Corvette drivers and pretentious steakhouse restaurants

@TeTe can you confirm?