Madison320
Member

Are you against the democrats bill to federalize elections? My hypocrisy meter just went red.

I'm not really disagreeing with you but I wanted to make a point about velocity of money. Money velocity is meaningless, in my opinion, because it can't be controlled, it's a dependent variable, an effect, not a cause. Using the money velocity to predict price inflation is like watching for wet sidewalks to predict rain. Printing currency always devalues the existing currency but it doesn't always show up right away and it doesn't hit all prices evenly. I read a book about a guy who's lived thru 3 hyperinflations (2 in argentina and 1 in chile), and he said cars and houses were dirt cheap because people were using all their money to buy food. I don't why it's taken this long for the money printing to hit the grocery store, but it will eventually.

Did you want the federal government to get involved in any way in the last election? Other than tallying up the states electoral college votes?

I think this cancel culture stuff shows the power of voluntary action to make changes, despite the fact that I think it's idiotic. This is a good argument for eliminating all the use of force like anti-discrimination and affirmative action laws. Of course the left won't see it that way. They're going to want to increase the amount of free stuff they can extract from the producers.

Good timing, I guess great minds think alike. :)

Of course not. In a class action lawsuit the plaintiffs were all directly, individually harmed. I'm against any type of reparations where the plaintiffs were not directly affected. For example the individual blacks that got kicked out by a white mob should be compensated, not all blacks. It's not that complicated.

That's only according to Trump and Fox News. Any other news outlet is the opposite, 100% of the blame is on Trump.

Do you believe in group reparations? Should a person get "relief" not based on their individual situation, but simply based on their race or gender or some other group? A corporation is a group of individuals bound by a contract. Not just a random group. For example if a corporation injured someone the owners would have to pay in the form of reduced dividends or share price. If a woman injured someone, all women would not have to pay damages.

Both parties are going to be trying to outdo each other when it comes to stimulus until the dollar crashes. Until the dollar crashes socialism is going to look awesome since we can just print whatever we want.

What irritates me is when they say stuff like "The stimulus plan would boost the economy and create 100 million jobs" or "The $15 minimum wage would lift 10 million children out of poverty" like it's an indisputable fact etched in stone.

If an individual was wrongly denied a subsidy they can sue. Do you believe in group reparations?

I believe in reparations on an individual level. If the government wronged an individual that individual should be compensated. Were all jews and their descendants compensated or just the ones that had family members affected? Were all people of oriental origin compensated in the US or just the ones that were put in concentration camps? Do you believe in group reparations?

I was thinking the opposite. All the news I flip past still seem to be fixated on Trump and Evil Republicans (especially ones in Texas!). When all that inflation sends prices skyrocketing it'll be interesting to see what the news covers. Probably how evil corporations are raising prices.

Are you an anarchist?

If corporations couldn't declare bankruptcy, they'd be ok in your book?

I agree, those things should be abolished. As long as you aren't in favor of any type of reparations for simply belonging to a group then we agree.

Black people aren't poor because of white people. If that were true blacks would be wealthier in areas where the percentage of whites is lower.

Exactly. I'm tired of the whole idea that mom and pop businesses are morally superior to large corporations. They're all made up of individuals. I'm old enough to remember when hardware stores were only open from 8-5 M-F. Thank god for Home Depot.

Yeah the debt is doubling every 8 years and it'll keep doubling until the dollar breaks. It's 28 trillion right now. It'll easily hit 40 trillion by 2024. Then 60 trillion by 2028. The only thing stopping it is a dollar collapse. So would I be wrong if the debt hit 60 trillion by 2028 and we still didn't have a dollar collapse?

Yeah, but if the state went away there'd be no government protections for individuals or contracts or anything, so according to your logic none of them would exist without a state. Why single out corporations? For the record I'm a minarchist. Does that make me a statist?

A corporations isn't an individual, but it's owned by a group of individuals that have the same rights as any other individuals. I'm sure Ron Paul would agree. Do you think we should outlaw corporations since you said they are anti free market?

Thank you. I've been arguing with him about that a few times before and until now you're about the only one who's been on my side on this issue.

I agree, the banning fractional reserve banking used to be really popular.

Yeah, there's a whole bunch of reasons why governments want inflation, but they want to under report it.

It's only a broken clock if you don't understand the details. Did anybody think in 2008 that the total debt would be 28 trillion in 2021 and the Fed would have printed 8 trillion and we still didn't have a dollar crisis? I read a liberal article a couple weeks ago in the NY Times in support of Biden's massive spending plan. The writer said, "Critics of Obama's plan were saying the same thing back in 2009. They were wrong." Here's the problem with that logic. The underlying causes of price inflation are cumulative, just because we didn't get that much price inflation with 10-20 trillion in debt and 1-4 trillion in printed money doesn't mean we won't get it with 30-40 trillion in debt and 10 trillion in printed money. If Peter Schiff is wrong, and printing and borrowing doesn't cause prices to rise, then we can all go home and let the Fed send us checks. Meanwhile commodity prices continue to rise almost daily. It's getting "interesting". Don't forget Peter Schiff is a big fan of Ron Paul and their political and economic ideals are almost the same.

I own physical gold but most of my money is in my 401K and so I have to buy etfs and mining stocks if I want exposure to gold. Even physical gold had risk. Somebody could steal it, the govt could make it illegal to own, etc.

I feel a little better now because I'm pretty sure they were just taxing the dividends. I buy a lot of high dividend foreign stocks. I'm assuming the home countries are just taxing the dividends like we do here, only it's not tax deferred. At first I thought they were taxing the shares itself. If that was the case I'd be losing money just owning the shares. I am a little worried about foreign stocks being targeted by the US in the future though.