Re: My Tea Party Starts at 3:00pm

On May 2, 8:41 am, krw <k...@xxxxxxxxxxxxxxxxx> wrote:
On Fri, 1 May 2009 19:47:49 -0700 (PDT), MooseFET <kensm...@xxxxxxxxx>
wrote:



On May 1, 5:01 pm, krw <k...@xxxxxxxxxxxxxxxxx> wrote:
On Fri, 1 May 2009 06:18:11 -0700 (PDT), MooseFET <kensm...@xxxxxxxxx>
wrote:

On May 1, 3:02 am, "JosephKK"<quiettechb...@xxxxxxxxx> wrote:
On Thu, 30 Apr 2009 06:43:57 -0700 (PDT), MooseFET

<kensm...@xxxxxxxxx> wrote:
On Apr 29, 10:22 pm, James Arthur <bogusabd...@xxxxxxxxxxx> wrote:
MooseFET wrote:
[....]
Thinks like a sudden step in the income tax at $3 Million would be the
sort of thing needed.  When a lot of people suddenly go above the $3
Million mark, it would cause the government to run a surplus and
reduce the money supply.

That would just cause people to earn less than $3M.

No if you look back to the Eisenhower era, you will see that adjusted
for inflation there was such a tax and people did make more than it
and they did pay the high tax.

   We could also have a small tax on all stock
transactions.  The bubbles are also marked by a large increase in the
volume of transactions.  When things go in the other direction,
programs like unemployment insurance would add to the money supply.

The economy is very non-linear.  The gain drops a great deal when the
economy slows down and increases during a boom.  This is why there is
the tendency for it to stick at the bottom of the swing.  whatever you
do needs to change the gain in the other direction.

It's not all that complicated.  The government made a bunch of
changes to get loans for non-creditworthy people.  Don't do
that.

This is not what caused even the bubble that you claim it did cause.
It most certainly isn't what caused the Clinton era bubble.  Note that
the Clinton era one was less of a problem than the last one.

Don't be in the loan business, don't meddle with the incentives,
don't lend money to banks for nothing and let them leverage it
30:1.  Don't.

Failure to regulate is what allows the instabilities in the free
market to be at there worst.  It ensures that we have crash after
crash and that the crashes will be of the worst sort.

Obama's said he doesn't want an economy based on excess borrowing,
yet his every move is to facilitate returning to it as quickly as
possible, and make whole those who should be paying the price.

Right now we have a decreasing money supply.  Injecting money right
now is the right thing to do.  When the economy is doing well is when
to sharply reduce spending etc.  It is basic economics.

That is one economic "school of thought".

The others involve throwing cats over your shoulder after running
around the stump three times.  Think of the economy as a complex servo
system with the money supply as one of the nodes in it.  If you think
about it that way, it should be obvious that the government should
work against changes in the money supply, which ever direction they go
in.

So you think politicians are in the business of stabilizing the
economy?

I think that a well regulated currency and working for the general
welfare are the jobs of government.  I seem to remember that some
others a while back thought the same and thought it important enough
to put it down on paper.

You're hopeless.  Government's job is perpetuating government and will
always be.  Your last sentence is so wrong that it's laughable.

I suggest you go read the writings of the "founding fathers" of the
US. You will find that they formed the government for the purpose of
ensuring the general welfare. This is the reason for governments to
exist. If this by your definition make the US a communist country,
you need to look a little more closely at how you define things.


.

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