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Thread: There is only one thing that has to be followed in this countries economy.

  1. #21
    Veteran Member carpe diem's Avatar
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    Quote Originally Posted by jbander View Post
    They are going to try to prove these numbers wrong by just saying they are wrong. interesting tactic, There is a definite brain drain here.
    " the wealthy who got it all in the passed 40 years should have gotten it all, are you going to tell us that the wealthy got , smarter, worked harder, or deserve it all somehow."

    "WE have had the biggest profits in history by a long shot in those year and only a few people at the top got any part of the increased wealth of the richest country in the world. These massive profits have been forced into the hand of the wealthy, The worker got none the executives and the wealthy got it all."


    Dude, you just flat out boldly lied your silly ass off.

    Please show me the numbers that prove the wealthy got it ALL. That means everyone else made NO income. Please reveal how those that got raises during this period DID NOT in fact get them...show me the numbers that prove new start up owners did not MAKE MORE MONEY during this time period.
    Last edited by carpe diem; 28th April 2018 at 08:33 AM.

  2. #22
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    I think we will see a lot of mirrors here because the truth just kills the right on this issue , there will be lots of name calling and telling everyone how dumb I am but no real argument.

  3. #23
    Radical Centrist BigLeRoy's Avatar
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    Quote Originally Posted by carpe diem View Post
    What a complete load of liberal Bull shit.
    You just flunked Macroeconomics 101. Reagan's policies, taken by themselves, would have made inflation WORSE, not better. His fiscal policies consisted of large tax cuts and big spending increases on defense. That has the effect of increasing aggregate demand, which ADDS to inflationary pressures.

    Take an Economics 101 class someday. Try to learn something. Once in a while. CONSERVATIVE economists agree with this, that it was VOLCKER who vanquished inflation in the early 1980's.

  4. #24
    A Character Tennyson's Avatar
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    Quote Originally Posted by BigLeRoy View Post
    Not entirely. Reagan's Secretary of the Treasury, James Baker, was frequently 'jawboning' Fed Chairman Volcker to lower the very high interest rates that were the harsh medicine that was needed to wring inflation out of the system. The Reagan folks (rightly) worried that the severity of the recession might prevent Reagan from winning a second term. But Volcker stuck to his guns, by late 1982 the battle against inflation was largely won, Volcker was able to start lowering interest rates in 1983, and the U.S. economy rose like a phoenix from the ashes. 1983 was a year of exceptionally strong recovery, which continued in 1984, and Reagan won re-election by one of the larger electoral landslides in American history. Reagan owed Volcker a huge thanks for that.
    You are referencing more of economic policies regarding inflation. I am referencing the tax rate cuts and the economy, which both are economic causality. The concept of economic causality, which dates to Aristotle’s the Politics, the Nicomachean Ethics and the Topics, and more importantly to Adam Smith’s An Inquiry into the Nature and Causes of the Wealth of Nation and the long reaching effects of casualty in economics. David Hume advanced the causality in economics with econometrics creating economic causal science.

  5. #25
    A Character Tennyson's Avatar
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    Quote Originally Posted by jbander View Post
    Now for the truth and reality , inflation rates during Reagan economy, take these numbers and compare them to Tennyson's numbers above and guess what you lost not gained.
    Attachment 15817

    This is a prime example of one simple fact , Right wing policy doesn't work when you use the truth and not the lies needed for the right to exist , this point becomes totally clear.
    All I see is how Reagan dropped inflation down from 11 something to the 4s.

  6. #26
    Radical Centrist BigLeRoy's Avatar
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    Quote Originally Posted by Tennyson View Post
    All I see is how Reagan dropped inflation down from 11 something to the 4s.
    I will try one more time.

    It was NOT Reagan who did that! It was Paul Volcker!!

  7. #27
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    Quote Originally Posted by BigLeRoy View Post
    I will try one more time.

    It was NOT Reagan who did that! It was Paul Volcker!!
    You can't deal with the one string puppets , no one can control them, Rates are set by the fed always have been, goofballs try to associate it with their hate party leaders whether they have control of it or not but they can spew out lies about it.

  8. #28
    A Character Tennyson's Avatar
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    Quote Originally Posted by BigLeRoy View Post
    I will try one more time.

    It was NOT Reagan who did that! It was Paul Volcker!!
    It was not the Fed's policy as there was not that much change. It was the fiscal policies of Reagan and the tax rate cuts that was the major factor regarding inflation.

  9. #29
    Radical Centrist BigLeRoy's Avatar
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    Quote Originally Posted by Tennyson View Post
    It was not the Fed's policy as there was not that much change. It was the fiscal policies of Reagan and the tax rate cuts that was the major factor regarding inflation.
    There was a MASSIVE change in Fed policies when Paul Volcker took charge of the Fed in 1979. You clearly have NO idea what you are talking about. Reagan's fiscal policies, including those tax cuts, would have WORSENED inflation, NOT made it better. The tax cuts, plus the spending increases, including most especially the spending increases on defense, were adding very directly to aggregate demand. In turn, that leads to more money chasing fewer goods, a certain prescription for HIGHER prices.

    If you ever took an economics class, you certainly didn't learn very much from it.

  10. #30
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    Quote Originally Posted by Tennyson View Post
    It was not the Fed's policy as there was not that much change. It was the fiscal policies of Reagan and the tax rate cuts that was the major factor regarding inflation.
    Simply bullshit , his trickle down lie may destroy this country. and you will be rooting for it all the way.

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