• Madison320's Avatar
    Yesterday, 05:51 PM
    If we didn't have price gouging laws I think we'd have plenty of tp. If stores were allowed to raise prices during a crisis they'd be raising the price on all the stuff we're running out of and that would stop the hoarding. Plus suppliers would be ramping up production. Remember that during a crisis the choice is not between expensive stuff and cheap stuff, the choice is between expensive stuff and NO stuff. I have a feeling we're already starting to see the tip of the iceberg of rising prices=>price controls=>shortages.
    0 replies | 32 view(s)
  • Madison320's Avatar
    03-26-2020, 07:44 PM
    I knew this was going to happen because it's the path of least resistance. Borrowing and printing is easier than cutting spending. At least until prices start rising, then the game is over.
    5 replies | 137 view(s)
  • Madison320's Avatar
    03-26-2020, 06:26 PM
    I think we'll see rising prices for staple goods followed by price controls in the next few months. The excuse for price controls will be "anti-gouging". There'll be lots of articles written about "heartless" business owners taking advantage of the crisis. Then I think after awhile it'll dawn on people that this isn't just a temporary crisis caused by the corona virus and greedy businessmen, but it's a problem caused by massive money printing. That's when it'll hit the fan, when people realize that we need to either drastically cut back on government spending or get hit by hyperinflation.
    5 replies | 137 view(s)
  • Madison320's Avatar
    03-26-2020, 06:06 PM
    Only giving stimulus checks to people who make under a certain amount.
    33 replies | 1328 view(s)
  • Madison320's Avatar
    03-25-2020, 04:29 PM
    I agree. I don't really know how long it takes for printed money to show up in prices. Keynesians see printing (in 2009-2015) that only caused asset prices to rise and conclude that printing no longer causes price inflation. (Yay! We can all retire!) I see printing that only caused asset prices to rise and conclude that there must be some other factors temporarily limiting the inflation to assets. I don't suddenly conclude 1+1<>2 just because I made an observation.
    88 replies | 1199 view(s)
  • Madison320's Avatar
    03-25-2020, 04:14 PM
    I agree money should not be stolen and given to another. That's why I'm against Rand's position. If you steal mostly from the rich and only give it back to the poor you're taking from one person and giving to another. If you give the stolen money back to everyone it lessens the amount that was forcibly redistributed. For example if you steal $100 from everyone and then give back $100 to everyone, it's no big deal. But if you steal $100 from everyone and give it back to a select group you've now redistributed it.
    33 replies | 1328 view(s)
  • Madison320's Avatar
    03-25-2020, 07:26 AM
    Basic math says you're wrong. Let's see what happens when people start getting those freshly printed bills and heading to buy groceries.
    88 replies | 1199 view(s)
  • NorthCarolinaLiberty's Avatar
    03-22-2020, 09:32 PM
    Ranking from publication Freedom in the 50 States. (Lower number means less free.) Not totally one dimensional, but a single governor can be the difference. NY--50 CA--48 PA--20
    12 replies | 469 view(s)
  • Madison320's Avatar
    03-22-2020, 11:59 AM
    I think another important point is that markets are cyclical, they go up and down. If you just buy the dow and hold for 30 years, you're probably going to do ok. But currency is different. A high inflationary event wipes out anyone holding currency, permanently. So if you're holding cash or bonds it's a permanent loss.
    21 replies | 717 view(s)
  • Madison320's Avatar
    03-22-2020, 09:40 AM
    I agree and I'm a big fan of Schiff's but I think it's important to emphasize that the real crash he is predicting is the collapse of the dollar. That hasn't happened yet. Most people's reaction to Schiff is that he's a stopped clock, that anybody can keep predicting a market crash and be right. What makes Schiff (and Ron Paul) unique is that they predicted that the stimulus wouldn't work and would have to be re-applied until the dollar finally caves. I didn't see one "expert" who thought the Fed would start lowering rates and relaunching QE. As far as that goes I was pretty much the only one on this website who thought this crash would happen before Trump's term was over. That's why I wanted Hillary to win, because I wanted the crash to happen on her watch so it would be blamed on socialism. Now it's going to get blamed incorrectly on capitalism.
    21 replies | 717 view(s)
  • Madison320's Avatar
    03-21-2020, 09:09 AM
    That's a good point although that leads to a separate question. "Should the government ever be allowed to force closures?"
    38 replies | 995 view(s)
  • Madison320's Avatar
    03-21-2020, 09:04 AM
    I think the government should compensate anyone who was shutdown by government force but that's it.
    33 replies | 1328 view(s)
  • Madison320's Avatar
    03-21-2020, 08:23 AM
    I thought they wanted to bailout everyone?
    38 replies | 995 view(s)
  • Madison320's Avatar
    03-21-2020, 08:20 AM
    I would argue yes. I'm against all bailouts but if the government forces you to shutdown you should be compensated. That would be similar to having your property taking to allow for highway construction or something similar. On the other hand if you are not being forced to shutdown, but you are just losing customers due to the fact that no one is going out, that's different. You shouldn't get bailed out for that. Only if you are forcibly shut down.
    7 replies | 360 view(s)
  • Madison320's Avatar
    03-21-2020, 08:13 AM
    Social distancing has always been my goal. I'm going fishing today and I don't expect to see anybody else near me but my dog. :)
    38 replies | 995 view(s)
  • Madison320's Avatar
    03-21-2020, 08:10 AM
    Something just occurred to me. While I'm opposed to all bailouts I would think if the government forces businesses to close they should be compensated.
    38 replies | 995 view(s)
  • Madison320's Avatar
    03-21-2020, 08:00 AM
    A trillion here, a trillion there. Pretty soon you're talking about real money! Actually if you're talking about printing a trillion (which is the only place left to get the money) that's a pretty significant percentage of the total amount of money which is currently at 4.7 trillion and rising fast. We're going to get double digit inflation, then price controls, then shortages.
    33 replies | 1328 view(s)
  • Madison320's Avatar
    03-21-2020, 07:54 AM
    I disagree. I think laws should apply to everyone. No progressive taxation. No bailouts for big business. No discrimination laws that only apply to a business owner, etc.
    33 replies | 1328 view(s)
  • Madison320's Avatar
    03-21-2020, 07:47 AM
    Joy? The virus didn't upend the economy, socialism did.
    21 replies | 717 view(s)
  • Madison320's Avatar
    03-20-2020, 07:01 PM
    I told my Trump supporting co-worker that I thought this was the objectively the weakest our economy has ever been in it's history. He looked at me like I was crazy but I told him it was based on the debt levels which are the true, objective measure of economic health. As you know unemployment numbers are a poor indicator. You can buy 100% employment for a while until everything collapses. Besides that communist countries have no unemployment, but I wouldn't be bragging about their economies. Not that this is all Trump's fault, he just continued the trend. The biggest problem with Trump was that he gave everybody confidence which helped blow an even bigger bubble. We might've been better off with Hillary. We would've gone right into recession with Hillary. At least we wouldn't have had so far to fall and the fall would be blamed on socialism not incorrectly on capitalism.
    5 replies | 351 view(s)
  • Madison320's Avatar
    03-20-2020, 06:51 PM
    Before this crisis I thought hyperinflation was a longshot. Now I think it's almost a certainty. We are going to have massive price inflation, followed by price controls, followed by shortages. Which is what I've been saying would happen all along. The market collapse isn't so bad but the unprecedented bailouts and printing are freaking me out despite the fact that I expected it and I'm positioned for it. This is too much. It's not going to do much good to have wealth when everything is collapsing. I'm worried about a breakdown in society. I wish I lived more out in the country like I did last year. I'm not in the middle of a big city but closer than I wanted to be. Fed balance sheet made a new all time high of 4.7 trillion blasting thru the old high of 4.5 trillion. This is crazy.
    21 replies | 717 view(s)
  • NorthCarolinaLiberty's Avatar
    03-19-2020, 12:55 PM
    Yeah, sure libertarians; start with the most pie-in-the-sky issue and see how many converts you make. :rolleyes: Many libertarians have no marketing or business sense. Focusing, or even addressing, this issue is a sure fire way for newcomers to instantly reject freedom. There are plenty of other issues to address. Focus on something else.
    97 replies | 2127 view(s)
  • NorthCarolinaLiberty's Avatar
    03-18-2020, 07:07 PM
    Six polls in article below shows ~2/3 (67%) concern by Democrats. Republican concern is 24-48%. Is it urban vs. rural? Is it who holds the White House? I'm on an libtard forum and they're mostly secualar humanist-alarmists who love to be neurotic and hand wring. It's like they're cheering this on.
    11 replies | 376 view(s)
  • NorthCarolinaLiberty's Avatar
    03-18-2020, 05:29 PM
    I'm on another forum with libtards. Their posting behaviors and techniques are abysmal. They know nothing about how to market their opinion--or market anything else really. That explains why they are so down on business and big on leeching government. Anyway, if libs got a semi-decent hot cougar girl, they could charismatically bolt their way to presidency. Just like JFK.
    3 replies | 243 view(s)
  • NorthCarolinaLiberty's Avatar
    03-18-2020, 05:04 PM
    This is all a psychological snowball. There is no objective basis. People will soon tire of sitting at home and taking care of their kids. You can't put life on hold. Spring will be sprung in a few weeks and this will blow over. And we'll all look back on the biggest embarrassment I've seen in my life. But I could be totally wrong, too. :D:frog:
    7 replies | 299 view(s)
  • NorthCarolinaLiberty's Avatar
    03-17-2020, 07:33 PM
    My relatives in the Philippines can't even afford toilet paper. They regularly use their hand and water. I can't imagine today's snowflake going through WW II. If I could attach one word to this non-issue, then it would be embarrassment.
    25 replies | 556 view(s)
  • NorthCarolinaLiberty's Avatar
    03-17-2020, 07:20 PM
    You're an ideological progressive Democrat. Correct me if I'm wrong, but you voted for Hillary and you support Bernie Sanders. You voted for Obama twice. Right? So it's funny how your liberal media friends pushed this "virus" and now you're whining about the fallout.
    5 replies | 327 view(s)
  • Madison320's Avatar
    03-17-2020, 06:08 PM
    The problem is that our economy is the weakest it's ever been in history if you use debt as your weakness gauge.
    47 replies | 1894 view(s)
  • Madison320's Avatar
    03-16-2020, 08:26 PM
    One analyst tweeted something that actually made some sense. He said the markets won't stop falling until we see the actual corona emergency starting to improve. I think he's right. Until we get a handle on things and cases start going down and we start resuming normal activities the markets will keep falling.
    47 replies | 1894 view(s)
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