How would Sherdog fix the economy?

Cubo de Sangre said:
I hear you. That's the drawback when new tech renders obsolete old tech. But this shit is coming and it will revolutionize transportation. Best to get out in front.
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We definitely need to be the front runners on it. I can see a lot of truckers losing their shit when they realize they will be replaced and no one will be willing to pay them 50k a year unless they have some experience and certs in some other skilled labor.
 
Greoric said:
Well first of all, truth isn't a popularity contest.

Specifically to your point though, inflation isn't a good thing. Sound money is naturally deflationary, and should be (hence the post antebellum period up through the beginning of the 20th century). Why? Because not only does that promote deferred gratification it also raises everyone's standard of living with increases in purchasing power over time.

Slow inflation, despite what you've been told doesn't promote investment. It promotes speculation, which promotes bubbles, which promotes crashes, which promotes central bank overreactions circa the trend post Volker. See the mobius circle we're caught in?

Recessions are caused by misallocations of real capital. That can occur if there's appropriate price discovery of interest rates or not. Low (or high) interest rates just exacerbate the distortion.
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It's not a matter of popularity contest, it's a matter of peer review. There's a difference between invoking academic consensus versus invoking what a few bozos off of /r/anarcho_capitalism think about the economy.

I don't necessarily believe that inflation is what causes investment; the profit motive does that. What I believe is that deflation not caused by a positive supply shock is typically going to be harmful for an economy (at least moreso than mild inflationary pressure). The Volker disinflation was absolutely necessary, and stagflation was emphatically not caused by speculation. This is just silly, dude.

I think it's your turn to answer my questions now--here are three for you to work with for your next response, so you don't have to dig.

1) Why are most recessions deflationary? If caused by capital misallocation (which, to me, sounds like "negative supply shock"), why don't we see price increases in every recession?

2) Why is AD simplistic for modeling recessions? You don't think the entirety of the NK perspective is one big AS-AD model, do you?

3) Do you seriously not think stagflation was caused by the massive negative oil shock we experienced in the 70's?
 
ripskater said:
I would if I could. But you didn't even ask me a question yet.
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The same as the one you dodge all the time.

Why would you not support universal health care when it benefits low income families like yours?

Why do you shit on socialist democratic ideals when low education low income families would be better of.

Why do you reject the systems of countries where your family would be having a vastly better life?
 
Greoric said:
I'm sure you think you did. Anyway, care to carry on with our current topic?
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Not with a moron like you. The political spectrum is toddler level and you don't even understand that. Don't want to waste my time with morons.
 
First and most importantly, money needs to be removed from politics in the US.

The economy doesn't need fixing, what needs addressing is how prosperity is distributed.
 
shitpostmodern said:
It's not a matter of popularity contest, it's a matter of peer review. There's a difference between invoking academic consensus and what a few bozos off of /r/anarcho_capitalism think about the economy.

I don't necessarily believe that inflation is what causes investment; the profit motive does that. What I believe is that deflation not caused by a positive supply shock is typically going to be harmful for an economy. The Volker disinflation was absolutely necessary, and stagflation was emphatically not caused by speculation. This is just silly, dude.

I think it's your turn to answer my questions now--here are three for you to work with for your next response, so you don't have to dig.

1) Why are most recessions deflationary? If caused by capital misallocation (which, to me, sounds like "negative supply shock"), why don't we see price increases in every recession?

2) Why is AD simplistic for modeling recessions? You don't think the entirety of the NK perspective is one big AS-AD model, do you?

3) Do you seriously not think stagflation was caused by the massive negative oil shock we experienced in the 70's?
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Well frankly you're the only one that's been asking the questions mate, and I've already been answering them. Also the peer review has nowhere near the weight in macro as it does in the hard sciences. It's a simple constraint of only having one sample size in econ, no control, and no other experimental group.

Also you're conflating some of what I wrote. The stagnation of the 70s was the result of shitty monetary policy, and yes. Volker's rate hikes were extraordinarily important. In fact, the reality of stagflation should have put a nail in the coffin of the Keynesian theory.

Gross speculation in modern cycles (post CB est.) to the extent we've seen are a product of the monetary policy, not the initial cause. The distortions speculation can promote, affect an over reaction by monetary policy, because the price of credit wasn't initially allowed to be discovered in the first place.

Now just to cross our "t's", absent that occlusion of appropriate price discovery (central banks fixing the interest rate arbitrarily), you'll still have speculation that can produce misallocations. The difference is that they're not as pervasive or significant (i.e. the depression of 1921).

We see deflationary pressure during recessions because the prices were raised during the boom. The recession is when any given bid-up sector can't find anymore buyers to continue the price increase, thus the bubble pops as people exit and prices fall.
 
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progressive income tax 20% for highest wage earners that decreased down to 7% for lowest earners

no exceptions deductions loopholes or credits whatsoever. absolutely none. problem solved
 
Happiness said:
First and most importantly, money needs to be removed from politics in the US.

The economy doesn't need fixing, what needs addressing is how prosperity is distributed.
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And the only legitimate solution to that is to remove government away from most of its power. As long as government officials have favors to doll out they're going to be seeking a quid pro quo, and special interests will have the incentive to give it to them.
 
Greoric said:
And the only legitimate solution to that is to remove government away from most of its power. As long as government officials have favors to doll out they're going to be seeking a quid pro quo.
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That's certainly possible. Personally I still have faith there are good people out there that want to do the right thing.
 
Prutfis said:
The same as the one you dodge all the time.

Why would you not support universal health care when it benefits low income families like yours?
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I'm not low income. I'm middle class. Universal health care is a tax on the healthy and the healthy in the middle class. Because the middle class will be paying for it.
Why do you shit on socialist democratic ideals when low education low income families would be better of.
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Which ones?

Why do you reject the systems of countries where your family would be having a vastly better life?
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What systems?
 
Greoric said:
What does the capitalist class do with profits?
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Why, reinvests them into their businesses, causing the economy to grow, more jobs to be created, thus providing greater and greater opportunities for workers, of course!
 
ripskater said:
I'm not low income. I'm middle class. Universal health care is a tax on the healthy and the healthy in the middle class. Because the middle class will be paying for it.
Which ones?

What systems?
Click to expand...

Universal health care is about collective bargaining. You idiot
 
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