How should we cut the debt and progress afterwards? I want to hear your ideas.
I've said this in the thread; increased taxes and cuts/consolidation to existing agencies. Not eliminating the FDA or EPA, mind you - doing that would be fucking retarded. Stop spending overbudget, eliminate tax loopholes, and increase income taxation. It's really not that complicated.
I'm honestly incredibly surprised at how much trust you place in fiat! I'm also surprised that you don't attribute any monetary qualities at all to gold or silver—central banks still hold it in mass tonnage, and in many countries gold and silver are still culturally and functionally regarded as being money. If someone wants to store their wealth in precious metals for a season, why should the precious metal holder be penalized via taxation for holding an asset that didn't actually change at all? It's a hunk of metal with no liabilities attached whatsoever. Why don't we slap capital gains taxes on houses? What about rare sports cards, cars, or old guitars? Sure, you can chalk up the short term price fluctuations in precious metal prices to supply and demand (and sometimes surreptitious market intervention via agents acting on behalf of central banks, which there is mounting evidence of), but over the longer term, they "gain" value as the real value of fiat money is diluted. They are not the same as stocks, nor do they even resemble stocks, at all. When the Fed announces that they're targeting a 2% inflation rate per year (using cooked statistics, as I've explained before, meaning it's actually more like 8-10% annually), yet continue to hold down interest rates for dollar-savers beneath 0.25%, where is someone supposed to "hide" from that inflation?
The gold standard is antiquated and useless at this point. It's in the national interest to keep one single currency on top. I'm not at all justifying the Fed's moves, I'm just saying it's a commodity.
Are you actually a full-blown Keynesian now? Bailouts, government stimulus spending and the like, all considered to be good and necessary things? You must have had a great econ professor
I have to call you out on this one. This is the second time where you have directly suggested that my policy views have somehow been shaped by my education. You're legitimately pulling the same sensationalist, pandering GOP tactics you've criticized in the past. Do you really believe that universities are some kind of liberal conversion camps? I go to what is probably the most conservative public school on the West Coast. Anne fucking Coulter spoke on campus in February.
Why do my ideas on economics have to be based on a class I took or a professor I had? Why couldn't they come from life experience and my own research? I find the whole thing to be pretty insulting, if I'm honest - I'm pretty damn proud of how hard I've worked and what I've achieved to get into the school I did and to be as far as I am. You belittling that by insinuating that I've somehow been brainwashed or indoctrinated into policy opinions is as dick headed as it is ironic coming from you.
I haven't looked into Gitmo lately, but that wasn't what I was even talking about, I was referring to The National Defense Authorization Act (S 1867) which denies terror suspects (including US citizens) the right to trial, and permits authorities to detain them indefinitely. I'm not concerned about the government abusing this power in the very short run, but the longer term implications are quite frightening. All the government has to do to hold you forever and deny you a trial is claim that you are a terrorist, and they can presumably define "terrorist" to mean anything they want—does this bother you? My original point was that Ron Paul is the only candidate who cares and speaks up about this.
Because they couldn't do that before NDAA? And do you really think they can actually define terrorist in any way they want? You can call me too trusting; I think you're overly paranoid.
Perhaps self-attributed intelligence wasn't fair for me to say, but surely you have to believe you have better economic insights in order to say that Ron's ideas are stupid. If not, then on what basis would you be calling his ideas stupid?
I have different ideals and wants than RP, and that will be reflected in my preferred economic policies. I've already explained a few times what I don't like about libertarian-style economic policy.
Sure, I'll do the same for Obama, but I do literally believe that the US dollar is nearly doomed, if not already past the point of no return, so if you consider that an unreasonable doomsday scenario, then I would have to be dishonest with you when describing our not-so-distant future under, or at least in consequence of Obama's control. I strongly sense that your refusal to paint for me an RP Presidency is simply because you don't want to say something that could make you look stupid.
It's more that I just don't really at all care to entertain ideas that will never come to life. I know you're trying to get me into a corner on this one, but at the end of the day he's not getting the nomination and he'll never be president. I happen to think, in addition to this, his ideas are stupid and ideals are misguided, naive, and hypocritical, but that doesn't change anything.
Haha! To be honest I don't even know what I've skipped, and I don't care to reread the whole thread. If someone wants to tell me what I've skipped, or if they've got a burning question that I've been evading, I'll answer the questions for no other reason than for you to stop accusing me of cherry-picking my responses, or whatever I've apparently been doing.
So because you actually did cherry-pick responses (and admitted to it) and are too lazy to address the accusations on your own the rest of us should do work so you can correct your mistake? That sounds totally fair and reasonable.
This, to me, is probably the worst attitude someone can have…that no matter who the President is, that no meaningful change can occur, the system is too far beyond fixing, and in the mean time let's all just argue about who has the worst ideas in theory, and vote for one of two establishment-blessed candidates!
Honestly, you may be right that no change will occur right now, because right now Americans are still sitting pretty for the most part…stocked grocery stores, lots of cool/cheap technology around, disposable income, etc. I suppose as long as our economy holds together in some resemblance of what we enjoy today, then the majority of Americans will continue to choose their politicians by listening to their TV sets, the content of which is heavily influenced by the establishment. However, the establishment is not going to address our debt, and our debt will ultimately be our undoing. In my mind it's either, make tough decisions quickly to being winding down our debt (or at the very least, ceasing to accrue more debt), or we face a full-on currency collapse a little further down the road. We'll find out who's right soon enough, but my money (literally) is betting on the currency collapse.
Two issues: one, I never said that no meaningful change could occur or that the system is beyond fixing. I've addressed specifics aspects of our system that need to be addressed for political progress when I explained why RP wasn't electable and not just because of the media.
Two, voters (or more importantly, the lack of an engaged voting populace) are just as to blame as the system, if not more so. We have stupid, uneducated people voting in tiny numbers. The 2008 election gave some light to the end of the proverbial tunnel, but the 2010 congressional election shit all over it.
I also really don't think our debt will be our undoing, but don't spin that to say I'm not concerned about it. You've been speaking of this currency collapse as being "a little further down the road" for a few years now; when's it supposed to happen?