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Author Topic: First 100 days  (Read 690 times)

Offline kathyp

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Re: First 100 days
« Reply #20 on: May 02, 2017, 11:11:15 am »
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Things?  What things?

All things.  Why does the house my parents bought when I was a child cost 400,000 dollars now and was 8,000 when then bought it?  Why does the car the was 2000 cost 50,000 now? 

There are a number of reasons.  I just wondered which you would list.
One could not learn history from architecture any more than one could learn it from books. Statues, inscriptions, memorial stones, the names of streets ? anything that might throw light upon the past had been systematically altered. (1.8.85)

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Offline herbhome

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Re: First 100 days
« Reply #21 on: May 02, 2017, 12:43:46 pm »
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Of course the wealthy pay a lot and they should.
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They got it and it hurts them a lot less than working folks.
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The middle class has been destroyed in this country and replaced with working poor. Anytime both husband and wife have to work to afford home ownership, this country has lost the American dream.

Why should they pay a lot?
you assume that people who are wealthy do not work..and you assume that you have a right to what they have because "it hurts them a lot less"?

Oh no, I assume they work very hard. It is in the the interests of the wealthy that the working classes are content and at least have a belief that upward mobility is possible. History-one of your favorite words-has proven that a struggling desperate (the folks that make their life possible) underclass can rise up and take all of the property of the upper class. When people are kept in a continuous state of quiet desperation, it's not a great leap of imagination to expect them to flip out and burn it all down.

Why do you think things cost so much now?

Many reasons for this, in no particular order.
1) the women's movement of the 60s and 70s placed an expectation on women to be breadwinners. Increased incomes led to greater buying power, driving costs ever upward.
2) a shift in the norm for nuclear families. Stay at home moms are unusual in todays world. This led to increased consumption of goods and services, i.e. fast food, child care, electronics, second car. What kid needs a phone and TV in his/her room? I grew up in a quiet, low crime neighborhood in New Orleans in the sixties. Not one of my friends mothers had a job, not one of my friends households had a second car. Never heard of a kid having a TV.
There are many other factors but my fingers are tired, so I'll stick with this for now.
It wasn't a perfect world and of course women should earn what men make for the same job. Any argument opposed to that is just dumb.

Online sawdstmakr

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Re: First 100 days
« Reply #22 on: May 02, 2017, 12:57:51 pm »
The main reason that we have continuous inflation is that Congress and the White house stopped backing the US dollar with gold in 1933. When the US dollar was backed by gold, it was $32 an ounce. The price did not change and the cost of goods remained fairly constant as long as the goods were readily available.
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Online bwallace23350

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Re: First 100 days
« Reply #23 on: May 02, 2017, 02:51:01 pm »
The main reason that we have continuous inflation is that Congress and the White house stopped backing the US dollar with gold in 1933. When the US dollar was backed by gold, it was $32 an ounce. The price did not change and the cost of goods remained fairly constant as long as the goods were readily available.

The gold standard and pegging money to gold confines economic growth a lot, hurts lending, and can lead to deflation which is much more harmful than inflation. With that being said I am not fan of our economic and monetary policies.

Offline Acebird

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Re: First 100 days
« Reply #24 on: May 02, 2017, 03:18:13 pm »
I just wondered which you would list.

The reason for inflation is spending more then you make.
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Online bwallace23350

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Re: First 100 days
« Reply #25 on: May 02, 2017, 03:26:26 pm »
Inflation is the speed at which money flows and is created in a system. You have two general types of inflation and that is why I stated my definition of inflation as such. You can have monetary inflation and price inflation. In general price inflation is when you spend spend spend on items and it chases the price higher. You have monetary inflation with the growth in the money supply. That can happen when the fed prints money and it happens when you pay interest to a bank.

Offline kathyp

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Re: First 100 days
« Reply #26 on: May 02, 2017, 09:05:12 pm »
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Oh no, I assume they work very hard. It is in the the interests of the wealthy that the working classes are content and at least have a belief that upward mobility is possible. History-one of your favorite words-has proven that a struggling desperate (the folks that make their life possible) underclass can rise up and take all of the property of the upper class. When people are kept in a continuous state of quiet desperation, it's not a great leap of imagination to expect them to flip out and burn it all down.

This is true when people have no opportunity and no hope.  Who keeps people in a continuous state of quiet desperation?  The government by way of dependency.  If you have been convinced that your only future is to collect the check and be satisfied with that, yes, you might become desperate.  There is an entire government industry and power base that has a vested interest in convincing people of just that. 

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1) the women's movement of the 60s and 70s placed an expectation on women to be breadwinners. Increased incomes led to greater buying power, driving costs ever upward.
2) a shift in the norm for nuclear families. Stay at home moms are unusual in todays world. This led to increased consumption of goods and services, i.e. fast food, child care, electronics, second car. What kid needs a phone and TV in his/her room? I grew up in a quiet, low crime neighborhood in New Orleans in the sixties. Not one of my friends mothers had a job, not one of my friends households had a second car. Never heard of a kid having a TV.

That's a large part of it along with the higher wages and benefits in manufacturing demanded by unions.  It is also the reason no raise in the minimum wage has ever impacted the poverty rate, but does impact the cost of goods and services.  You'd have to include regulation costs in there also.
One could not learn history from architecture any more than one could learn it from books. Statues, inscriptions, memorial stones, the names of streets ? anything that might throw light upon the past had been systematically altered. (1.8.85)

George Orwell  "1984"

Offline kathyp

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Re: First 100 days
« Reply #27 on: May 02, 2017, 09:10:51 pm »
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The gold standard and pegging money to gold confines economic growth a lot, hurts lending, and can lead to deflation which is much more harmful than inflation. With that being said I am not fan of our economic and monetary policies.

Exactly.  There is no way to go back to the gold standard short of a major world wide disaster that wipes out all currency and causes all to use tangibles for trade.  I am not fond of much of what the federal reserve does and QE has been a destabilizing and potential disaster for us and all investors.

One could not learn history from architecture any more than one could learn it from books. Statues, inscriptions, memorial stones, the names of streets ? anything that might throw light upon the past had been systematically altered. (1.8.85)

George Orwell  "1984"

Offline herbhome

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Re: First 100 days
« Reply #28 on: May 02, 2017, 09:51:55 pm »
Can't argue with you about onerous regulation, however environmental impact protection is worth paying for. The progress of mankind has been to move on when we've played out the resources where we are. Well, we are out of frontier. That's why we hear more and more of this nonsense of colonizing Mars.  Hey, wake up and take care of what we have!

Even more impacting on costs is the level of litigation in this country. Sure, some people do get hurt by others negligence but it is totally out of hand. IMHO :smile:

Offline kathyp

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Re: First 100 days
« Reply #29 on: May 02, 2017, 11:20:49 pm »
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however environmental impact protection is worth paying for.

To a point.  Fencing livestock out of creeks so they don't crap in it is pretty stupid.  Not being able to collect rainwater, restrictions on every damp spot on your property, and the water grab are pretty stupid. 

There are some who believe that if a little regulation is good, more is better.
One could not learn history from architecture any more than one could learn it from books. Statues, inscriptions, memorial stones, the names of streets ? anything that might throw light upon the past had been systematically altered. (1.8.85)

George Orwell  "1984"

Offline herbhome

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Re: First 100 days
« Reply #30 on: May 02, 2017, 11:27:00 pm »
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however environmental impact protection is worth paying for.

To a point.  Fencing livestock out of creeks so they don't crap in it is pretty stupid.  Not being able to collect rainwater, restrictions on every damp spot on your property, and the water grab are pretty stupid. 

There are some who believe that if a little regulation is good, more is better.

We are in total agreement on this. :smile:

Online bwallace23350

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Re: First 100 days
« Reply #31 on: May 03, 2017, 09:20:08 am »
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however environmental impact protection is worth paying for.

To a point.  Fencing livestock out of creeks so they don't crap in it is pretty stupid.  Not being able to collect rainwater, restrictions on every damp spot on your property, and the water grab are pretty stupid. 

There are some who believe that if a little regulation is good, more is better.

We are in total agreement on this. :smile:

I just want to ditto on this also.

Offline herbhome

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Re: First 100 days
« Reply #32 on: May 03, 2017, 09:44:18 am »
There are also those that believe if some regulations are bad, all regulations are bad. To have an ordered society restrictions are necessary.

From a purely philosophical standpoint I tend to be an anarchist. If folks had no limits the society would eventually reach a state of equilibrium, but a lot of people would die first, and I'm not sure I want to live in that world.

Online sawdstmakr

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Re: First 100 days
« Reply #33 on: May 03, 2017, 10:01:53 am »
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however environmental impact protection is worth paying for.

To a point.  Fencing livestock out of creeks so they don't crap in it is pretty stupid.  Not being able to collect rainwater, restrictions on every damp spot on your property, and the water grab are pretty stupid. 

There are some who believe that if a little regulation is good, more is better.

We are in total agreement on this. :smile:

I just want to ditto on this also.
Double ditto.
"If you don't read the newspaper you are uninformed.  If you do read the newspaper you are misinformed."--Mark Twain

Offline kathyp

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Re: First 100 days
« Reply #34 on: May 03, 2017, 12:06:25 pm »
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There are also those that believe if some regulations are bad, all regulations are bad. To have an ordered society restrictions are necessary
.

You need some restrictions.  more importantly, you need societal norms.  If we do not have a basic set of beliefs that are the bedrock of society, no amount of regulation will save us.  Europe has found this to be true with its "multicultural" experiment. 
One could not learn history from architecture any more than one could learn it from books. Statues, inscriptions, memorial stones, the names of streets ? anything that might throw light upon the past had been systematically altered. (1.8.85)

George Orwell  "1984"

Online bwallace23350

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Re: First 100 days
« Reply #35 on: May 03, 2017, 04:46:48 pm »
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There are also those that believe if some regulations are bad, all regulations are bad. To have an ordered society restrictions are necessary
.

You need some restrictions.  more importantly, you need societal norms.  If we do not have a basic set of beliefs that are the bedrock of society, no amount of regulation will save us.  Europe has found this to be true with its "multicultural" experiment.

Multiculturalism the biggest farce and the greatest danger to our civilization.