• Krugminator2's Avatar
    Today, 04:42 PM
    So Consumption > Investment in your paradigm? Robert Reich says stuff like poor people will spend more so you should do things like raise the minimum wage to boost the economy. But not even Keynes would agree with you and Reich. Here is the Keynes Aggregate Demand Equation. Investment and Consumption are equally weighed. No special economic growth for the economy by giving money to lower income earners. Consumption and investment gets equal weighting.
    75 replies | 916 view(s)
  • Krugminator2's Avatar
    Today, 04:26 PM
    I am strongly in favor of tax cuts. The argument you just made is an argument I would never make for tax cuts. I have never argued for tax cuts as a stimulus which is a Keynesian argument. The reason you cut taxes is to change incentives. If the corporate tax rate in the US is 40% and it is 10% in Ireland, certain businesses will make the rational choice and move as much of their operations to the low tax jurisdiction. Having a competitive corporate tax rate will make it less economical to move overseas. Cutting the corporate tax rate also gives investors more of the income from a business so it creates more incentive to invest, which is ultimately what fuels long run productivity. http://thehill.com/opinion/finance/369144-tax-cut-supporters-should-stop-talking-about-corporate-bonuses
    75 replies | 916 view(s)
  • Krugminator2's Avatar
    Today, 06:37 AM
    My first 10 years out of college I was constantly on the verge of broke. I had a zillion 2 am walks around the block wondering what I was doing. I probably made below the poverty line 5 of my first 10 years out of college. I put my hand on the hot stove constantly and had to relearn lessons. Not once did it ever occur to me to ask the government or my even parents for help. I made my choices and I viewed the struggle as a consequence of my choices. I personally wanted that freedom. I would rather fail making my own choices than have a life of mediocrity with someone else making the decisions for me. I don't think most people want that. I took my lumps and learned from them. I lived like the poorest person on the planet. Now I am in the top tax bracket after over a decade of swimming through human shit and get to be told by the Democrats how lucky I am and get shamed into paying my fair share for people who don't deserve it.
    9 replies | 175 view(s)
  • Krugminator2's Avatar
    Yesterday, 05:06 PM
    People say they want the freedom to think, but they don't really want that freedom. It's hard work. Freedom means being accountable for your mistakes. People don't want to manage their own retirements. Study after study shows what horrible decisions people make with their 401ks whether it is not taking advantage of matches or taking enough risk to meet goals. Instead they want Social Security and pensions. People don't want the hard work of buying their own insurance and setting up an HSA. They want and employer to make that decision for them. Or Medicare For All. Or stick it to the emergency room. People take out loans to get degrees in the humanities and then are upset that they are stuck with these loans that they struggle to pay off. They want loan forgiveness. People wanted bailouts when they bought houses they couldn't afford. Even Ron Paul refused to blame the people who bought houses they couldn't afford. The Fed may have fueled the bubble, but no rational person who was taking responsibility for their own actions would have ever put themselves in a situation of buying a large house that was dependent on appreciation to be able to pay the mortgage payment when rates adjusted on it. They took on too much risk and should take full responsibility and learn from that mistake. People act as though they have agency, but they don't. The average person I talk to is so fucking stupid and so irresponsible. Women as a group (not Ayn Rand) are the ultimate non-thinkers. Single women want government protection. Married women are by and large dependent on a husband to make decisions. I have no idea how pure libertarianism will work. I get more cynical the older I get, which is why I more interested in efficient government solutions that do the least damage as opposed to pure libertarian solution. I would guess even only 20% of people who supported Ron Paul really wanted freedom in their lives.
    9 replies | 175 view(s)
  • Krugminator2's Avatar
    Yesterday, 01:30 PM
    Krugminator2 replied to a thread Stocks: Market Crash Looming in Economy & Markets
    The Nasdaq got ahead of itself a little bit over the last month. Plus the market was super frothy going into yesterday that isn't fully reflected in the the Dow or SPY. Take a look at IQ, HUYA, NEW, CVNA, DBX to see what I am referring to.
    3071 replies | 379005 view(s)
  • Krugminator2's Avatar
    Yesterday, 01:18 PM
    Krugminator2 replied to a thread Stocks: Market Crash Looming in Economy & Markets
    Or it could be you just had a super overbought market that needed a rest. Markets that go straight up have pull backs. It's what they do.
    3071 replies | 379005 view(s)
  • Krugminator2's Avatar
    06-18-2018, 01:17 PM
    Is it a good read? What Madison30 said kind of refutes the parts you bolded. You own your own life which is the starting point of everything. If you accept that you own your own life then you have to accept that you own the product of your labor. If you own the product of your labor that means you can do what you want with it which means you can trade with other people. Clearly defined property rights ensure that people don't steal your labor. People in poor countries are poor not because of Dick Cheney and oil and Haliburton and the military industrial petro fed complex. They are poor because they don't have strong property rights. That is really the only reason. Property rights are the strongest indicator of prosperity.
    6 replies | 212 view(s)
  • Krugminator2's Avatar
    06-16-2018, 07:41 AM
    What? Humans are not the sun. Humans are not wild animals incapable of reason. You don't take something that isn't yours. It is stealing. Stealing is wrong. It is very easy to not steal. You just don't do it. I wear a somewhat high end watch. If I set it down and someone took it, I feel like Casino captures the right moral tone on how I would like to see the situation handled in my ideal society.
    79 replies | 1151 view(s)
  • Krugminator2's Avatar
    06-15-2018, 04:20 PM
    That's the most insane thing I have ever read. I'll continue to blame the thief.
    79 replies | 1151 view(s)
  • Krugminator2's Avatar
    06-15-2018, 02:51 PM
    I think just the opposite. I'm morally okay with shooting people who steal cars. I don't think it is a good idea only because of the risk of going to jail.
    79 replies | 1151 view(s)
  • Krugminator2's Avatar
    06-13-2018, 05:05 PM
    His long time Chief of Staff was Tom Davis who was the most visible South Carolina Ron Paul supporter.
    116 replies | 2183 view(s)
  • Krugminator2's Avatar
    06-13-2018, 03:26 PM
    Like you (and I) said in the thread last year it wasn't a good strategy going after Trump. I said in the other thread I thought he might run for the LP nomination. Johnson actually asked him as his first choice over Weld to be the VP. Given the tack Sanford took, that seems more likely now. But it is ridiculous Fitnews calling Sanford a shill for the Republican establishment. I'm pretty sure Paul Ryan and Boehner don't agree. FWIW 1006731469946007552
    116 replies | 2183 view(s)
  • Krugminator2's Avatar
    06-13-2018, 10:47 AM
    All of that stuff was brought up when he ran against Stephen Colbert's sister. He spent less on travel than any of his predecessors. His being frugal personally and in office is the one thing he is most known for. He even turned down stimulus money. http://www.mcclatchydc.com/news/politics-government/article24528985.html Instead of making minimum wage or whatever a governor makes, they should have paid him $5-$10 million a year and made him governor for life.
    116 replies | 2183 view(s)
  • Krugminator2's Avatar
    06-13-2018, 09:10 AM
    1. Here you go. Here he is criticizing withdrawal from TPP. First answer. Second paragraph https://www.weeklystandard.com/haley-byrd/sanford-tariffs-are-an-experiment-with-stupidity 2. He was one of five Republicans to vote against funding for the wall regardless of what he said. Sanford has sensible immigration views similar to Ron Paul's. There is nothing that will please left wing immigration groups. They only want Democratic voters.
    116 replies | 2183 view(s)
  • Krugminator2's Avatar
    06-13-2018, 07:17 AM
    Trade. Immigration. Spending bill with the wall. Not to hard to find. Google harder. Ummm... Yeah. So.... I have no idea what prompted that statement but Rand has opposed Trump at more potential political cost than ANY other Republican in Congress. That isn't my opinion. That is fact. A non-debatable statement. He just frames his opposition in way where he is on Trump's side opposing his bad advisors. Look at where the dot is with Rand. https://projects.fivethirtyeight.com/congress-trump-score/
    116 replies | 2183 view(s)
  • Krugminator2's Avatar
    06-12-2018, 07:41 PM
    Because they are fucking stupid. It is as simple as that. They think a moderate is someone who criticizes the party. They don't differentiate between Mitt Romney and Mark Sanford. You could probably make a legit case that Sanford is one of the ten most conservative members in the history of Congress.
    80 replies | 1767 view(s)
  • Krugminator2's Avatar
    06-12-2018, 07:12 PM
    Sanford is about the least moderate member of Congress.
    80 replies | 1767 view(s)
  • Krugminator2's Avatar
    06-12-2018, 06:58 PM
    This is quite a bit different. Sanford has continuously attacked Trump and the whole campaign by Sanford's opponent was that he was an obstacle for Trump. And it was already have an effect in that district. Yes. Just like Ron Paul had his own little scandals. I tend to think of their impeccable voting records instead because that's what actually matters.
    80 replies | 1767 view(s)
  • Krugminator2's Avatar
    06-12-2018, 06:04 PM
    If Sanford loses his race because of Trump tonight, I wish AIDS and cancer on him.
    80 replies | 1767 view(s)
  • Krugminator2's Avatar
    06-10-2018, 05:34 PM
    Working on the second biggest down day since the beginning of the year. Next few days will be telling.
    1 replies | 107 view(s)
  • Krugminator2's Avatar
    06-09-2018, 08:29 PM
    I think Brett has been a really good poster and worthy of support. I don't know the financial situations of the people posting here, but I feel like it is ridiculous for him to not easily raise $1000 with all the people who visit here on a daily basis. This is the kind of race where there could be a tangible benefit and it is clear he has made the effort.
    17 replies | 596 view(s)
  • Krugminator2's Avatar
    06-09-2018, 06:40 AM
    That's interesting. There isn't really much up there outside of the 3 or 4 cities there. I grew up and went to high school just south of the bridge.
    77 replies | 1161 view(s)
  • Krugminator2's Avatar
    06-08-2018, 10:30 PM
    Here is also a fact. Every single Scandanavian country has a higher suicide rate that the United States. The suicide rates in the Scandavian countries were multiples higher than the US in the 70s when those governments were at the their most left wing. Perhaps they aren't inclusive enough.
    77 replies | 1161 view(s)
  • Krugminator2's Avatar
    77 replies | 1161 view(s)
  • Krugminator2's Avatar
    06-08-2018, 12:25 PM
    "Why Conservatives Are Happier Than Liberals" https://www.nytimes.com/2012/07/08/opinion/sunday/conservatives-are-happier-and-extremists-are-happiest-of-all.html My best guess is that liberals are more unhappy becomes they tend not to confront the world as it actually exists and are less likely to work within the bounds of nature and reality. Whereas conservatives probably are more accepting of the world and try to make the most of it.
    77 replies | 1161 view(s)
  • Krugminator2's Avatar
    06-07-2018, 03:36 PM
    Interesting note, Keynes himself hated inflation. And he was consistent about that from his early life until he spoke to Hayek right before he died. People who called themselves Keynesians don't have the same aversion. https://cafehayek.com/2009/06/keynes-on-inflation.html https://www.richmondfed.org/~/media/richmondfedorg/publications/research/economic_review/1981/pdf/er670101.pdf
    3 replies | 500 view(s)
  • Krugminator2's Avatar
    06-07-2018, 03:18 PM
    Klay Thompson is first ballot hall of famer. He would average 25-28 on the majority of NBA teams. He does pretty much everything well. Korver can't create his own shot and he is one of the worst defenders in the NBA. There is no team or system where Korver could have ever been a 20 point scorer. I like Korver. He hustles. Seems like a good guy. The Cavs can't really play him against the other team's starters because he gets torched on defense. Korver was a late second round pick for a reason. He got max out of his abilities.
    67 replies | 2560 view(s)
  • Krugminator2's Avatar
    06-05-2018, 03:33 PM
    Skills competition. Apparently it is like the NFL combine now.
    41 replies | 875 view(s)
  • Krugminator2's Avatar
    06-05-2018, 03:27 PM
    https://www.forbes.com/sites/adamandrzejewski/2018/06/04/the-exclusive-100000-club-meet-30000-members-at-the-illinois-teachers-retirement-system-trs/#41b6476a6129 Here is one demanding higher wages in a Che shirt.
    2 replies | 118 view(s)
  • Krugminator2's Avatar
    06-04-2018, 05:05 PM
    Norm Macdonald did a lot of Clinton Chinese jokes back in the 90s on SNL. Apparently that was a thing.
    23 replies | 432 view(s)
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