• Krugminator2's Avatar
    Yesterday, 07:46 PM
    The only problem with the debt is that it will slow growth. The problem isn't doomsday. Inflationcan always be stopped by contracting the money supply. Tight monetary policy will mean slower growth but it isn't the end of the world. Greece has a problem because most of the people in the country work for the government and they won't do the right thing and fire 90% of those people. Here is a guy who is a big Austrian in the Mises tradition lucidly explaining why the debt in not a danger. Amash/Ron/Rand/Schiff are just wrong on this and will probably always be wrong no matter how much evidence is shown to them. https://www.forbes.com/sites/johntamny/2014/03/02/rep-justin-amashs-libertarianism-will-greatly-disappoint-libertarians/#27308c093373 "Never explained by the doomsayers of the past, and not covered by Amash in the present, is what would be so bad about a scenario whereby the federal government would have trouble covering its debts. On its face, this would bring about a positive in that the investors who buy U.S. debt would simply allocate their capital elsewhere; ideally away from government consumption. The predictable reply to the above is that default would greatly increase borrowing costs for the rest of us. Really? Apple AAPL -0.14%, Google GOOG +3.62% and Facebook are based in California, California’s government debts are legendary, but does anyone think that Apple would suddenly face financing difficulty if California were to default?
    121 replies | 1364 view(s)
  • Krugminator2's Avatar
    Yesterday, 06:31 PM
    Incentives matter. Income is production. A tax is a disincentive to production. Lowering rates should raise production by incentivizing people to produce more. Tax cuts as a stimulus is a Keynesian idea and I doubt that works. That is a separate idea from the incentive effect. My favorite book is the Economic Way of Thinking and it covers this topic. There is an entire chapter on supply side ideas. "And right there is the most important problem created by budget deficits. Treasury bonds put the federal government into competition with every other potential borrower for the available flow of loanable funds." "However, it doesn't follow that tax rates should be increased to close a deficit. If higher tax rates were to reduce the government deficit by $50 billion and private-sector saving by $100 billion the tax increase would have aggravated rather than alleviated the crowding-out problem."
    121 replies | 1364 view(s)
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    04-26-2017, 08:57 PM
    If you pay for spending with higher taxes or through deficit spending you are pulling the same amount of money out of the private economy short term. However the deficit spending with lower taxes should get the whole supply side benefit of improved incentives so you should get more growth. And theoretically deficits can't go on forever. So cutting taxes should always be a good thing in theory. You should get a better economy and smaller government. In practice, lower taxes probably encourage taxpayers to spend more because they don't feel any pain from deficit spending. It is one of the reasons why I would like to see an across the board flat tax where there isn't an exemption, which would be an increase for a lot of people. I haven't read this paper in a while but it addresses the original post. http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.578.3954&rep=rep1&type=pdf
    121 replies | 1364 view(s)
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    04-25-2017, 04:53 PM
    Maybe normal is cutting your cock into a vagina. https://www.youtube.com/watch?v=ZpKgXcDNuo4&feature=youtu.be&t=1146
    12 replies | 254 view(s)
  • Krugminator2's Avatar
    04-23-2017, 07:12 PM
    The very first sentence on Wikipedia is about how difficult rights are to define. "There is considerable disagreement about what is meant precisely by the term rights. It has been used by different groups and thinkers for different purposes, with different and sometimes opposing definitions, and the precise definition of this principle, beyond having something to do with normative rules of some sort or another, is controversial." https://en.wikipedia.org/wiki/Rights#History I use Ayn Rand's concept because it makes the most sense to me. That makes the concept of rights either very narrow or it implies you can't punish people for anything. And it isn't the common definition of rights. Nobody says property privileges. The common usage is property rights.
    144 replies | 2746 view(s)
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    04-23-2017, 04:36 PM
    Schwarzenegger raised taxes. http://articles.latimes.com/2009/feb/23/local/me-arnold23 "Schwarzenegger defends tax hikes, applauds stimulus California didn't go bankrupt. California's state income tax is 13.3%. The state with the next highest rate is 9.9%. https://turbotax.intuit.com/tax-tools/tax-tips/Taxes-101/States-with-the-Highest-and-Lowest-Taxes/INF23232.html Here is the only thing I know about Jeremy Corbyn. It would be legitimate for the people of Britain to overthrow their government if this guy's ideas ever became the norm. 309065744954580992
    59 replies | 1151 view(s)
  • Krugminator2's Avatar
    04-23-2017, 04:11 PM
    There is no agreed definition of rights. I use Ayn Rand's concept of rights and she agrees with me on this. Of course it is possible. I just gave 3 scenarios where it is the case. Human's have senses. There is an objective reality. If 50 people see Colin Ferguson shoot up a subway and a video camera shows him shooting, Colin Ferguson is the killer. I personally would expand the death penalty to use discretion where you go beyond just having confessions or eye witnesses. If you have a series of independent events that point to a person's guilt and the probability of each event being a false positive is very small, when you multiply those low probability events together, you get the odds that person couldn't be guilty approaching zero basically as an asymptote. That is close enough.
    144 replies | 2746 view(s)
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    04-23-2017, 12:13 PM
    Of course you do. You have basic human rights to be free from coercion but if you don't respect other's rights to be free from coercion, your right to be free from coercion is taken away. Here is Nathaniel Branden's take "If it were possible to by fully and irrevocably certain, beyond any possibility of error, that a man were guilty, then capital punishment for murder would be appropriate and just. " You could set the standard for the death penalty at a higher level than guilt. You could set it where there is no possible scenario where the person is innocent. If you have an admission of guilt, the murder on videotape, a minimum number of eye witnesses that would ensure zero innocent people are executed. That would settle the issue. I would expand it further to give judges some discretion subject to personal liability if they turned out to be wrong.
    144 replies | 2746 view(s)
  • Krugminator2's Avatar
    04-22-2017, 09:13 PM
    I would describe him as an across the board John McCain Republican. I don't think of McCain as being right wing. On economic issues, he isn't a Marxist but.. He supports raising the minimum wage and has supported price controls. I remember an episode with Stossel where he was blaming speculators for driving up the price of oil. Curiously when oil dropped by 60%, he didn't blame speculators for making gas too cheap. He was kind of bad on affirmative action and price gouging laws. He isn't Maxine Waters but he isn't a free market guy.
    98 replies | 2444 view(s)
  • Krugminator2's Avatar
    04-22-2017, 06:58 PM
    Doubt it. Clinton was pretty successful President. I wouldn't hate if Buchanan were President but I would probably vote for Bill.
    34 replies | 1076 view(s)
  • Krugminator2's Avatar
    04-22-2017, 12:29 AM
    Some people are overwhelmingly guilty where there is no possible doubt as to their guilt. That actually might not apply to this case and I might have voted with the liberal judges. But in some cases like with Jeffrey Dahmer or the Unabomber or OJ Simpson where there is no doubt as to their guilt, I don't see a reason why they should be breathing. I think executing someone who takes the life of another person where there is a 0% chance of their innocence is a very fair punishment. You lose rights when you violate the rights of others.
    144 replies | 2746 view(s)
  • Krugminator2's Avatar
    04-18-2017, 08:41 PM
    No they don't. The last 6 years of Obama and Clinton were borderline great because of Republican control of Congress. The sequester, ending lt unemployment benefits, no min wage hikes were the result of Republicans. Welfare Reform, cap gains cuts, Paygo only happen because of Newt and Kasich.
    83 replies | 1364 view(s)
  • Krugminator2's Avatar
    04-18-2017, 08:24 PM
    They are very different. A Democratic government gives you Obamacare, Dodd-Frank, bailouts the stimulus, and radical liberal Supreme Court nominees like Kagan and Ruth Bader Ginsburg. That doesn't mean Republicans in general are good but the worst Republicans are better than the best Democrats.
    83 replies | 1364 view(s)
  • Krugminator2's Avatar
    04-17-2017, 03:07 PM
    https://www.newyorkfed.org/medialibrary/media/research/staff_reports/sr450.pdf Interesting study from the New York Fed that shows voting Republican is directly correlated to the number of economics classes a person takes in college.
    5 replies | 229 view(s)
  • Krugminator2's Avatar
    04-17-2017, 02:46 PM
    http://www.hbs.edu/faculty/Publication%20Files/MW_Exit_7a89f82f-b2fa-42f2-9a0e-f8a61e95b679.pdf Here is a new study from Harvard on the effects minimum wage hikes have on restaurants in areas where minimum wage hikes are supposedly having no effects.
    1 replies | 116 view(s)
  • Krugminator2's Avatar
    04-17-2017, 02:31 PM
    I played a fair amount poker through college at Greektown until I read about 3 or 4 murders just outside of the casino. I also read that something like 92% of crimes in Detroit go unsolved. Visiting Detroit should be a prerequisite for politically correct people to get a more realistic view of race. For some reason stories about whitey getting dragged from their car and turned into vegetable seem to get lost in the narrative of these pristine oppressed city dwellers. http://detroit.cbslocal.com/2014/04/04/white-man-beaten-by-mob-in-detroit-after-hitting-boy-with-truck-was-it-a-hate-crime/ And these articles always remind of this classic. I love the welfare recipients talking about how elected officials need to be held accountable for not getting them their welfare efficiently.
    2 replies | 216 view(s)
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    04-14-2017, 08:15 PM
    http://dailycaller.com/2017/04/12/public-universitys-diversity-training-expecting-people-to-show-up-on-time-is-racist/ https://www.campusreform.org/?ID=9034 So this is something that exists.
    3 replies | 203 view(s)
  • Krugminator2's Avatar
    04-14-2017, 03:02 PM
    You'll have to forgive me for only going by every report that says the flight was overbooked or oversold, which if it were the case The Federalist article apparently says would put United on solid ground. https://www.bloomberg.com/news/articles/2017-04-10/united-s-forcible-removal-from-overbooked-flight-triggers-outrage I see that wasn't the case. Huge blunder on my part. Awful. How could I be so silly? It doesn't change anything from my view. If the airline asks you to get off the plan, get off the plane. It isn't the time to act like a 5 year old. If you refuse and start wailing like a little girl, then you deserve whatever is coming to you. That guy is stealing time from everyone else on the flight. I'm sure United should have handled better. Fine. Flying is practically free now. Just accept these happen and get off the flight.
    18 replies | 304 view(s)
  • Krugminator2's Avatar
    04-14-2017, 11:29 AM
    Trespass: "Any interference with the owner's (or a legal tenant's) use of the property is a sufficient showing of damage and is a civil wrong (tort) sufficient to form the basis for a lawsuit against the trespasser by the owner or a tenant using the property. " http://dictionary.law.com/Default.aspx?selected=2160
    18 replies | 304 view(s)
  • Krugminator2's Avatar
    04-14-2017, 11:22 AM
    Private plane. Private property. The guy was trespassing. This is within the contract of flying and United was going to compensate this guy not just another ticket but double the price of the ticket for delay. This is an example of the police not doing something wrong. The guy is violating property rights and the police are protecting property rights. If I am on this plane and this guy is taking forever and then squealing, I am cheering the police on to fuck this guy up. I am not interested in waiting all day for some obnoxious idiot. Do what is necessary to end the problem. That is what I care about.
    18 replies | 304 view(s)
  • Krugminator2's Avatar
    04-12-2017, 08:09 PM
    Hong Kong, Singapore, Switzerland, New Zealand are all pretty far on the libertarian spectrum. They aren't perfect but good enough. The US for the first 120 years of the country was close enough to a libertarian ideal for me. The fact that you are a proud mooch absolutely disgusts me. It is one thing if someone needs a helping hand while they are struggling to be successful, it is altogether another thing to feel entitled to the effort of others. I am not exactly a hardcore libertarian, but I would have no problem letting you starve to death.
    59 replies | 1151 view(s)
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    04-10-2017, 06:19 AM
    https://www.bloomberg.com/politics/articles/2017-04-09/mcfarland-to-exit-white-house-as-mcmaster-consolidates-power Probably not a good thing for people who don't want military intervention. She was probably the most reasonable person left on the foreign policy side. I know Judge Nap and Rand were fans. She was almost certainly against action in Syria.
    42 replies | 783 view(s)
  • Krugminator2's Avatar
    04-09-2017, 10:07 PM
    I feel like I can't be the only person who has no idea what you are talking about or how you are coming to that conclusion. And weren't you whining about him not supporting Ryancare? I honestly don't get the complaints at all on this stuff. Even a little bit. It is actually baffling. And isn't fence riding Trump's specialty? That is kind of like his schtick. He takes every side of every issue.
    26 replies | 998 view(s)
  • Krugminator2's Avatar
    04-07-2017, 02:08 PM
    https://www.washingtonpost.com/news/early-lead/wp/2017/04/07/billy-walters-phil-mickelsons-gambling-associate-found-guilty-of-insider-trading/?utm_term=.dbbe5f343b06 I, for one, don't think there are enough murderers and rapists on the streets. Caging people for making markets more efficient should be the real focus of government. Good to see the government with their priorities straight. The US Attorney who was originally prosecuting this was the guy Trump gave the ax to a couple weeks. Horrible use of resources.
    0 replies | 69 view(s)
  • Krugminator2's Avatar
    04-06-2017, 08:17 PM
    What an awful mistake. I do not get this itch to run the world. All these Republicans want to be like Reagan. The problem is Reagan never attacked anyone who didn't attack us or who wasn't a direct national security threat. It is hard to imagine a more brain dead intervention than this.
    688 replies | 11051 view(s)
  • Krugminator2's Avatar
    04-06-2017, 08:11 PM
    Unbiased press. 850167549421637633
    688 replies | 11051 view(s)
  • Krugminator2's Avatar
    04-04-2017, 03:02 PM
    https://en.wikipedia.org/wiki/Smoot%E2%80%93Hawley_Tariff_Act I am not sure the safety and warmth and insulation from the cold cruel world provided by the Smoot Hawley Tariff was fully appreciated by people living in the 1930's.
    55 replies | 2225 view(s)
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    04-04-2017, 02:25 PM
    The counter question is why is preventing outsourcing a good thing? Jobs are not a goal and should never be a consideration in policy. Jobs are an expense. Employees are a headache. The definition of productivity is doing more with less. Fewer workers for a given level of output is always desirable. When you start with productivity in mind the answer is clear. Cuba has no unemployment. But is Cuba a good place to live? No. They don't prioritize productivity. The prioritize jobs. The reason companies outsource is because it raises productivity. Tariffs lower productivity for everyone. Both countries have a lower standard of living when one of the countries puts up a trade barrier.
    55 replies | 2225 view(s)
  • Krugminator2's Avatar
    04-02-2017, 03:16 PM
    Well....Everyone who owns their home and has a mortgage has home insurance. So there is that industry. Most people would like to have the option of paying a small amount to transfer risk in order to keep living and not go bankrupt if the cost of a medical procedure runs into the millions. It is pretty safe to say health insurance would come about in a perfectly free market.
    26 replies | 745 view(s)
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