• Krugminator2's Avatar
    Yesterday, 06:20 PM
    He addressed that question numerous times. He says there are some government activities that are necessary for production. You need ways to enforce property rights. So he would be fine with courts, police, and military.
    15 replies | 294 view(s)
  • Krugminator2's Avatar
    Yesterday, 05:57 PM
    The current on balance sheet debt doesn't matter even a little bit. The problem with MMT and Keynesian economics in general is it encourages taking resources away from the private sector, which is the productive sector. The problem is they think raising taxes is a way to control inflation. Those are the issues, not hyperinflation. We have about 20 trillion in GDP and 20 trillion in debt . If you changed that around and said you were a dentist making 200k with a 200k mortgage, would you be freaking out about crazy debt levels? The debt is backed by the ability to tax. The United States is an enormously productive economic engine.' Milton Friedman was way ahead of the curve on this. Here is shooting down a Republican debt doomsdayer in the 90's.
    15 replies | 294 view(s)
  • Krugminator2's Avatar
    Yesterday, 01:35 PM
    So the last Buick is a Buick Regal with a base price of $40k? https://www.buick.com/buick-luxury-cars I am trying to imagine who a $40k Buick would be marketed to. I am imagining the smell of mothballs and Bengay and a driver going 15 miles under the speed limit would be the constituency for this car. For 40k, a Buick Sedan might be the last car out of every car on the planet I might pick.
    13 replies | 163 view(s)
  • Krugminator2's Avatar
    02-17-2019, 10:29 PM
    Is the economy off track and what crisis are you talking about? The economy is booming. This is about as good as it gets. That isn't an endorsement of policy and it doesn't mean things won't get worse. But we aren't in a crisis right now. Things are great in the USA, especially compared to the rest of the world.
    111 replies | 1294 view(s)
  • Krugminator2's Avatar
    02-17-2019, 08:13 PM
    I have never understood the SALT deduction. You incentivize higher taxes at the local level. There should be a cost associated with living in a blue state that isn't subsidized by everyone else. The people who are complaining about this wanted big government. They should bear the cost of big government.
    22 replies | 405 view(s)
  • Krugminator2's Avatar
    02-16-2019, 06:07 PM
    The cigar in the original post seems a little feminine. I am not saying the original poster is but... All I am saying that thin little brown thing looks like it is something you might see "coming" out of Jussie Smollett's mouth. I am about smoke a cigar in the freezing cold garage like a degenerate with a tumbler full of coffee.
    289 replies | 13403 view(s)
  • Krugminator2's Avatar
    02-16-2019, 04:30 PM
    I would favor a military coup overthrowing any president who implements the policies this guy wants.
    1 replies | 324 view(s)
  • Krugminator2's Avatar
    02-15-2019, 07:28 AM
    I think I realized the average person was insane, incompetent or evil in high school when I realized how worthless the average school teacher was. I think 70% of teachers are socialists and 90% are placeholders. So I always faulted the electorate who votes more than the individual politicians.
    32 replies | 379 view(s)
  • Krugminator2's Avatar
    02-14-2019, 08:17 PM
    I didn't say anything remotely similar to that. Not even close. But yes. Mises would agree that entrepreneurs who deliver products better and cheaper create wealth. Day traders create wealth. Bill Gates creates wealth. People who build Ferrari's create wealth. And middlemen create wealth. You seem have this notion that only physical goods are wealth and services aren't wealth. That would be wrong.
    75 replies | 1581 view(s)
  • Krugminator2's Avatar
    02-14-2019, 06:35 PM
    The only people who would agree with you are probably Marxist economists. Mises spends a lot of time in Human Action ripping arguments like yours to shreds.
    75 replies | 1581 view(s)
  • Krugminator2's Avatar
    02-14-2019, 06:24 PM
    So Bill Gates and Sam Walton have created more wealth than just about any two people in world history. Turning raw materials in physical products is not necessary to producing wealth. Doing something more efficiently and cheaper creates wealth. In Bill Gates' case marketing software that improves lives creates wealth. Middlemen also create wealth. It is cool that the Hitchhiker's Guide has stories about about middleman aren't worthwhile. I'll stick to economics textbooks that point out how important middleman and speculators are for creating a properly functioning economy.
    75 replies | 1581 view(s)
  • Krugminator2's Avatar
    02-14-2019, 06:07 PM
    Well.. You started talking about the regulations on cars when my post was asking what handouts Bill Gates got? I fail to see how what you said relates in any possible way.
    75 replies | 1581 view(s)
  • Krugminator2's Avatar
    02-14-2019, 05:26 PM
    Last time I checked K-Mart is bankrupt. Wal-Mart isn't. I think I last stepped into a K-Mart when I was about 5 years old. Clearly Sam Walton did something right. Sam Walton is one of the greatest (if not the greatest) entrepreneurs in history. How does that apply to what I said? It doesn't seem at all related to government handing out subsidies.
    75 replies | 1581 view(s)
  • Krugminator2's Avatar
    02-14-2019, 02:53 PM
    1. Her comment about AIPAC was completely reasonable. And I didn't see anything remotely offensive or anti-Semetic about it. 2. She is a shitstain on humanity and should be deported. 1095152675140915200
    23 replies | 463 view(s)
  • Krugminator2's Avatar
    02-14-2019, 02:40 PM
    I know you are trolling but... Exxon-Mobil and Owens-Illinois are not the equivalent to Iran. And the Chavez didn't use terrorism as the reason. He said they work "exploiting the workers". https://www.cnbc.com/id/39849019 The US ranks near the top of every ranking of economic freedom. Venezuela near the bottom. The End.
    42 replies | 396 view(s)
  • Krugminator2's Avatar
    02-13-2019, 02:28 PM
    Chavez seized dozens of multinational corporations. It turns out people don't want to invest in a country where the government arbitrarily takes property on that kind of mass scale. That's kind of a common thread in countries with hyperinflation. Allende seized thousands of farms. Mugabe had his own "land reform". Comparing that to food stamps is quite dumb. In terms of level of respect for property rights, the US is probably a 9 out of 10. Venezueula is more like a 2 out of 10. You can say Medicare is the same thing as mass seizures. It just makes your opinion wrong and not serious. https://www.reuters.com/article/venezuela-nationalizations/factbox-venezuelas-nationalizations-under-chavez-idUSN1E79I0Z520111201
    42 replies | 396 view(s)
  • Krugminator2's Avatar
    02-10-2019, 12:25 PM
    As they should be. If someone aggresses against you, how would you resolve the dispute with courts and police? Or if you run someone over, how will they have recourse against you? Never really answered by sovereign citizens.
    351 replies | 6315 view(s)
  • Krugminator2's Avatar
    02-10-2019, 11:12 AM
    You need courts, police and military and you need to pay for them. The absence of taxation is an absence of liberty. Saying taxation is theft just like stealing a TV set is theft is the same argument argument PETA would use. PETA will say taking a life is wrong. So they will equate killing a human and killing a cow or vilify trophy hunters. I get those are arguments people make. The problem is rights only exist to further human life. Taxation is an important part of furthering human life to the extent it used to core functions like courts, police, and military. And if you disagree. go start your own tax free competing country and see how well that works.
    351 replies | 6315 view(s)
  • Krugminator2's Avatar
    02-09-2019, 02:41 PM
    Ummmm..... Yeah.... It is actually the only question that matters. The test of how good an idea is if it works. Doesn't work. Not a good idea. Anarchism doesn't work. Therefore bad idea.
    351 replies | 6315 view(s)
  • Krugminator2's Avatar
    02-09-2019, 08:50 AM
    "For a lot of people on the left, UBI focuses too heavily on individuals' personal wealth and buying power - or rather, their lack of it - without doing anything to stop companies wasting resources by producing far more stuff than people need, and over-working their employees in the process." https://www.bbc.com/news/world-europe-47169549 Who thinks like this? That hot take came from the BBC.
    2 replies | 145 view(s)
  • Krugminator2's Avatar
    02-07-2019, 05:38 PM
    If your gut reaction isn't that a drug cartel killed him based on this story, you should never trust your gut. Who do you think killed him? Richard Nixon?
    71 replies | 1792 view(s)
  • Krugminator2's Avatar
    02-07-2019, 05:34 PM
    For some reason, all of these anarchists that move there equate not having a strong rule of law with freedom. Mexico is a third world shithole. Property rights and rule of law are what make a functioning society. Mexico has neither, therefore it is not free. I am not going to dump on this guy. I am strongly against the drug war. He should have watched Narcos Mexico. These guys don't mess around. One of the film crew scouts for Narcos was murdered in Mexico because he was poking around.
    71 replies | 1792 view(s)
  • Krugminator2's Avatar
    02-07-2019, 07:21 AM
    I was expecting the stock to be down 50% on this headline. Down 20 cents. Won't be getting sued over this.
    10 replies | 257 view(s)
  • Krugminator2's Avatar
    02-06-2019, 07:46 AM
    Kind of. Yeah. Hugo Chavez just took dozens of American businesses. You can't just take businesses. What other process should they go through? The World Trade Organization ruled against Venezuela. Then they didn't pay. At some point you just have to just start taking stuff to make things whole.
    28 replies | 765 view(s)
  • Krugminator2's Avatar
    02-05-2019, 08:00 PM
    Is it theft? They probably shouldn't be getting any revenue from Citgo. Venezuela just nationalized numerous American and Canadian corporations and they never compensated those companies. Here is what a judge ruled. U.S. Judge Authorizes Seizure of Venezuela’s Citgo https://www.wsj.com/articles/u-s-judge-authorizes-seizure-of-venezuelas-citgo-1533853734 “There is a huge amount of judgment coming down the line, and they don’t have the resources to pay.” https://www.houstonchronicle.com/business/energy/article/CITGO-13261273.php
    28 replies | 765 view(s)
  • Krugminator2's Avatar
    02-05-2019, 03:35 PM
    This is the kind of whataboutism that makes me post in these Venezuela threads. Donald Trump is nothing like Maduro. Neither was Obama. Neither was any other US president. Jacob Hornberger is a buffoon and a continual to embarrassment to actual libertarians. He is the worst. And of course he is a Salvador Allende apologist and had to get his usual anti-Pinochet rant in. As far as Trump's actions, all he is doing is making sure Maduro doesn't steal the rightful president's assets. This isn't some crazy foreign intervention. This is what Trump should be doing. This is what a libertarian should support. And it is worth noting, the Venezuelan government stole billions from US companies. Chavez literally stole US businesses. A US judge already has awarded that the US government seize billions in Citgo's assets and confiscating all the CITGO refineries in the US is apparently on the table to satisfy their debt. https://www.nytimes.com/2018/08/20/business/energy-environment/conocophillips-venezuela-oil.html https://www.cnbc.com/video/2018/08/30/why-venezuelas-citgo-is-in-danger-of-being-seized.html https://www.cnbc.com/video/2018/08/30/venezuelas-citgo-refineries-in-the-us-are-at-risk-of-being-seized-and-sold.html
    28 replies | 765 view(s)
  • Krugminator2's Avatar
    02-04-2019, 04:08 PM
    That is not in any remote way the US stealing another country's resources.
    595 replies | 8894 view(s)
  • Krugminator2's Avatar
    02-04-2019, 03:35 PM
    Ok. So you gave zero examples. Don't bother posting from whatever conspiracy site or Iran funded website you got that from. I already Googled to confirm it was BS.
    595 replies | 8894 view(s)
  • Krugminator2's Avatar
    02-04-2019, 03:16 PM
    Oh, hi. I pop up in every major thread about trade advocating for free trade and I make many posts in the trade threads.. Started criticizing Trump about it in in summer of 2015 when he announced. I have made dozens if not over a hundred pro-immigration posts. And I am not blood thirsty. You are blood thirsty. Your worldview has resulted in the deaths in hundreds of millions and enslavement of billions. There is no debate over Marxism. It doesn't work. Ever. Supporting a Marxist regime is morally bankrupt. Give one example of the US stealing a country's resources. I would love to hear one.
    595 replies | 8894 view(s)
  • Krugminator2's Avatar
    02-04-2019, 02:50 PM
    But you are those things. No freedom loving person can support the Maduro regime. Freedom loving people don't support Marxist dictators and they don't morally equate Marxist dictators with US presidents. The failure of Marxism isn't a neocon plot. It happens all on its own.
    595 replies | 8894 view(s)
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