• Krugminator2's Avatar
    Yesterday, 08:28 PM
    The market already is almost entirely in control of rates. I mostly made that post because I know it will torque most who read it but I won't derail your thread. Simple question you should answer to yourself. Interest rates were under 5% in 1976 and rose to 20% by 1981. Does that mean Fed policy was really tight during that time or in your words were rates moving to reflect the supply and demand of savings? If you answer yes to either, then why did inflation skyrocket at the same time?
    25 replies | 318 view(s)
  • Krugminator2's Avatar
    Yesterday, 03:59 PM
    You didn't actually refute it though.
    25 replies | 318 view(s)
  • Krugminator2's Avatar
    Yesterday, 03:53 PM
    Here is an alternative viewpoint that applies equally to Austrians and leftists. I hear all this screeching from Austrians who think interest rates are too low. Austrians think the Fed is out of control holding rates down artificially and leftists think we need to raise interest raise so that the rates can be lowered in the next recession. Interest rates are primarily determined by inflation. If the Fed raises rates too much that is going to throw the economy into recession which would then force rates back down because inflation would drop. If you want interest rates to go up, the best way to do that is run a deficit. Inflationary fiscal policy through a tax cut would allow the Fed to offset that with rate hikes, which would stick because the economy wouldn't go into recession.
    25 replies | 318 view(s)
  • Krugminator2's Avatar
    01-21-2018, 08:50 PM
    Good point. Libertarian Charles Koch, whose business is actually based in the US, is a total hypocrite for wanting to cut the highest corporate income tax rate in the world down to a level that is competitive. Cui bono, amirite? I can't believe a libertarian supported a completely libertarian policy that made his life better.
    8 replies | 186 view(s)
  • Krugminator2's Avatar
    01-21-2018, 03:35 PM
    Clearly the high gun ownership rate is the reason for all the murders in Central America. "Guns don't kill people, violent Central Americans do." Donald Trump
    87 replies | 588 view(s)
  • Krugminator2's Avatar
    01-21-2018, 02:52 PM
    Nope. It was passed with 60 votes, all of which were needed.
    33 replies | 574 view(s)
  • Krugminator2's Avatar
    01-21-2018, 01:02 PM
    What's funny is that's what every honest liberal should want. Democrats really like the spending part of Keynes but completely ignore that Keynes was a hardcore budget cutter in good times. Keynes would hate the modern Democratic party. "Of Course You Can Be A Small State Keynesian: After All, Keynes Was" https://www.forbes.com/sites/timworstall/2016/05/05/of-course-you-can-be-a-small-state-keynesian-after-all-keynes-was/#71292e05614b The Keynesian model is not a "big government" model" http://econlog.econlib.org/archives/2016/05/the_keynesian_m.html
    33 replies | 574 view(s)
  • Krugminator2's Avatar
    01-20-2018, 08:09 PM
    I predict none of those are any bigger issues than they have been over the course of humanity. I predict the complete opposite of food shortage in the next 100 years. Nice of her to lecture on Trump's attitude toward immigrants. Very diverse country. Diversity is their strength is the Canadian motto. http://www.statcan.gc.ca/tables-tableaux/sum-som/l01/cst01/demo52a-eng.htm Canada's Demographics. 86% white .5% Arab .8% Hispanic 2% Black
    34 replies | 503 view(s)
  • Krugminator2's Avatar
    01-20-2018, 12:40 PM
    Krugminator2 replied to a thread Stocks: Market Crash Looming in Economy & Markets
    And for some context, why I combined the tax bill and 5%. 20 Longest Stretches of DJIA Without 5% Corrections
    2864 replies | 369202 view(s)
  • Krugminator2's Avatar
    01-20-2018, 11:20 AM
    Maybe has something to do with this? https://en.wikipedia.org/wiki/Gregory_N._Stivers "Gregory Neil Stivers (born June 20, 1960) is a United States District Judge of the United States District Court for the Western District of Kentucky." "Stivers is a neighbor of Senator Rand Paul. At the time of Stivers' nomination, Paul's Senate office in Bowling Green was in the same building that housed Stivers' law firm" "As a matter of full disclosure, Alicia Stivers’ husband is U.S. District Judge Greg Stivers, who was nominated to the federal bench by Senator Paul. Alicia Stivers says Paul called her husband right after the attack, said he feared Boucher might return, and that he had called police." http://wkms.org/post/friend-rand-paul-attack-was-property-related
    24 replies | 662 view(s)
  • Krugminator2's Avatar
    01-19-2018, 08:28 PM
    21 months in jail is the sentence.
    24 replies | 662 view(s)
  • Krugminator2's Avatar
    01-19-2018, 04:47 PM
    LOOOOOOOOOOOOOOOOOOOOOOOOOOL. That's one way to look at it. The hundred black people shot by police every year is a big threat. Of course drinking shit water is probably a little bigger threat than the police. The average life span is 18 years less in Ghana than the US. https://en.wikipedia.org/wiki/Water_supply_and_sanitation_in_Ghana The drinking water supply and sanitation sector in Ghana faces a number of challenges, including very limited access to sanitation, intermittent supply, high water losses and low water pressure. Further, 67 percent of Ghanaians lack access to improved sanitation or are entirely without toilet facilities. Also of note a person on welfare in the US makes 10x the income of the average person in the Ghana.
    16 replies | 399 view(s)
  • Krugminator2's Avatar
    01-18-2018, 06:18 PM
    So? What does have to do with government or producing good products?
    32 replies | 699 view(s)
  • Krugminator2's Avatar
    01-18-2018, 06:11 PM
    No. What corrupt relationship do the Koch's have? They get no special favors from government. Bill Gates became the wealthiest in the world without government. His distance from government is what lead the government to go after him in an antitrust case. What did government do for Sam Walton when he was building his business? What did the government do for Jeff Bezos? My life is much better off from the people I listed either because I use their products or in the case of the Koch's because they funded people like Murray Rothbard and FA Hayek.
    32 replies | 699 view(s)
  • Krugminator2's Avatar
    01-18-2018, 06:04 PM
    Let's take a look at at the top .1% Who is Bill Gates robbing? I am very happy with Windows 10 as I type this. The employees at Microsoft (as far as a I know) make outstanding livings. Who is Charles Koch robbing? Koch Industries makes great products and employs 70,000 people in the US at high paying jobs. They employ a number people at some of the best jobs in the small town I grew up in. Jeff Bezos is the wealthiest person in the world. I have purchased a dozen books or so in the last couple of weeks from Amazon many of which I will read on a Amazon Kindle. I just went to Wal-Mart today. I bought some delicious Snapple that my more expensive local grocer doesn't carry. The Walton family isn't stealing from me. I thank them.
    32 replies | 699 view(s)
  • Krugminator2's Avatar
    01-18-2018, 05:18 PM
    Nothing about that entire paragraph is correct. Wealth is a product of the mind. Wealth comes from people who develop ways to make products better, cheaper, and faster. People 10000 years ago worked hard physically but had primitive standards of living. Most of the population farmed 200 years ago and the country was very poor. Now very few people farm because of technological innovation. A relatively small minority of people have created almost all of the wealth that we enjoy today. Or to put it more bluntly, here is what Ludwig von Mises wrote to Ayn Rand "You have the courage to tell the masses what no politician told them: you are inferior and all the improvements in your conditions which you simply take for granted you owe to the effort of men who are better than you."
    32 replies | 699 view(s)
  • Krugminator2's Avatar
    01-18-2018, 03:42 PM
    What wealth is flowing away from the bottom? The bottom doesn't produce wealth. A better statement would be wealth flows from the middle to the bottom and to the politically connected top.
    32 replies | 699 view(s)
  • Krugminator2's Avatar
    01-17-2018, 03:58 PM
    Krugminator2 replied to a thread Stocks: Market Crash Looming in Economy & Markets
    I am all for owning bad predictions, but in all fairness to me, that short worked out well. I posted that November 30th. The tax bill passed in the evening Dec. 1st. See what the S&P did after that. But the bigger start to a pullback didn't materialize. That is true And even then 5% is not a crash or even a real pullback. That isn't exactly saying something very bearish. It isn't the doom and gloom in the rest of the thread.
    2864 replies | 369202 view(s)
  • Krugminator2's Avatar
    01-17-2018, 08:07 AM
    678 replies | 21417 view(s)
  • Krugminator2's Avatar
    01-16-2018, 10:14 PM
    Hardly (in relative terms) anything got passed under Obama when Republicans took the House and hardly anything is passing now even with both houses and the presidency. It was historic in ineffectiveness. https://www.washingtonpost.com/news/the-fix/wp/2014/04/10/president-obama-said-the-113th-congress-is-the-least-productive-ever-is-he-right/?utm_term=.061bd926aecb An ineffective Congress is an effective Congress. Right now you have beautiful dysfunction. The reason people want earmarks back is to get Congress to get more things to pass, which is the exact thing I don't want. For example, https://www.bloomberg.com/view/articles/2018-01-09/congress-needs-earmarks-even-if-they-re-overrated http://www.motherjones.com/politics/2017/09/congress-is-broken-bring-back-pork/ https://www.vox.com/2015/6/30/8864869/earmarks-pork-congress http://www.latimes.com/nation/la-oe-frost-earmark-spending-20150209-story.html
    9 replies | 539 view(s)
  • Krugminator2's Avatar
    01-16-2018, 09:16 PM
    That is true but you are missing the point. Those bills get passed because earmarks are used as currency to buy votes on bills that are often unpopular.. While the cost of the earmarks is small, the cost of the bad bills that pass is large.
    9 replies | 539 view(s)
  • Krugminator2's Avatar
    01-16-2018, 09:13 PM
    I am sure President Gary Johnson's carbon tax and Vice President Bill Weld's green energy subsidies would be working great- assuming you want to kill a thriving industry.
    3 replies | 244 view(s)
  • Krugminator2's Avatar
    01-16-2018, 07:33 PM
    This is one area where I am not sure Ron has it right. You might need to explain it to everyone who has a sub-forum here. 953356379737284608 https://jones.house.gov/press-release/jones-slams-potential-return-pork-barrel-spending "“Nothing Will Fill the Swamp Faster Than Earmarks”
    9 replies | 539 view(s)
  • Krugminator2's Avatar
    01-16-2018, 06:57 PM
    Hispanics don't vote Republican for the same reason blacks don't. They are by and large Communists. It is not partially the reason. It is THE reason. 81% percent of Hispanic immigrants want larger government vs 41% of the general population. http://www.pewresearch.org/fact-tank/2012/04/20/hispanics-favor-bigger-role-for-government/ The simple solution is allow immigration and make it almost impossible to be able to vote. People should have to purchase citizenship. That cleans up the problem people voting themselves free stuff.
    62 replies | 1397 view(s)
  • Krugminator2's Avatar
    01-16-2018, 06:13 PM
    It is hard for me to imagine McConnell giving this a vote if he didn't have 60 votes but Dems vote reflexively against anything Republicans support. I cynically think Dems will magically get it to 60 votes. Either way, good on Rand for forcing 60 votes. Edit: And of course, it magically hit right at 60.
    5 replies | 994 view(s)
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    01-16-2018, 04:35 PM
    678 replies | 21417 view(s)
  • Krugminator2's Avatar
    01-15-2018, 08:15 PM
    952929327930396672 From the CNN reporter who called socialism cool.
    22 replies | 410 view(s)
  • Krugminator2's Avatar
    01-15-2018, 01:51 PM
    It is relevant because today is MLK day. And for some reason the world shuts down to honor a guy who wanted to make America much less free than it is even now. It is news because a major network referring to socialism as cool is more repugnant than anything Donald Trump has said in the last year.
    22 replies | 410 view(s)
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  • Krugminator2's Avatar
    01-15-2018, 12:04 PM
    952866331061293056 I hate both CNN and Martin Luther King. http://www.cnn.com/2018/01/12/us/mlk-relevance-today/index.html?sr=twCNN011518mlk-relevance-today0630AMVODtop The US needs to scrap un-American holidays like Labor Day and MLK Day.
    22 replies | 410 view(s)
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