The Battle Bar, Our Wretched Hive of Scum and Villainy

Originally posted by truejedi
Um red, the 30's pretty much was the end of the world.

You are calling job charts propaganda now? How about the fact that Obama wasn't in charge in 2007? It seemed to me that the graph was taking a shot at Bush. You got all defensive for no reason.

Yea, I don't discuss economics with RH because he doesn't understand it, it was more for other people's general knowledge. It also had nothing to do with "propaganda", it was just a chart I was viewing today after the Unemployment numbers came in and the market tanked 300 points. What did they expect? 95% of the increase came in the form of public sector/consensus jobs, and this isn't a sign that not only is REAL unemployment going to continue to go up, but Obama has increased government jobs/public sector to scary levels. I mean the last thing I want is more government expansion...

Originally posted by Ms.Marvel
nobody cares what you said. 😐

Funny, one can say the same thing for you. Then again, you surely wouldn't have responded to TJ just tell him this. 🙂

obviously, red was reacting to what beefy said... doesnt matter what you think about what beefy said. 😐

Hmmmmmm.....

Originally posted by Dr McBeefington
Funny, one can say the same thing for you. Then again, you surely wouldn't have responded to TJ just tell him this. 🙂

dont underestimate me, ive learned a great deal from you 🙂

RH's reaction was not only premature, but completely inaccurate. [/B]

which doent have anything to do with what im saying.

Originally posted by Ms.Marvel

which doent have anything to do with what im saying. [/B]

But it does because TJ was right.

Originally posted by Dr McBeefington
But it does because TJ was right.

im sure he'll be in here any minute now to defend himself from my scathing remarks.

Originally posted by Ms.Marvel
im sure he'll be in here any minute now to defend himself from my scathing remarks.

I'm not sure why you feel the need to butt into discussions that don't concern you, and defend people that are more than capable of defending themselves(I think). Stupid women.

im pretty nothing i said to TJ was actually directed at you, so id have to ask you the same question. stupid jew.

Originally posted by Ms.Marvel
im pretty nothing i said to TJ was actually directed at you, so id have to ask you the same question. stupid jew.

I'm not defending TJ, I'm insulting you for butting in where you don't belong.

Dwaaaaaah! 😍

Originally posted by Dr McBeefington
I'm not defending TJ, I'm insulting you for butting in where you don't belong.

so you dont think tj is capable of doing that himself, eh?

Who's more dumb? The person calling me dumb or the person who we isn't dumb? Which is me!

Check and bait, biatch. awecraz

Wait, what happened? Were'd the words escape to? You bastards! yOU WN'TGET AWAY WIT THIS!

You know, out of curiosity, I wonder how many people know that the Fed doesn't actually set interest rates and that they just lower their own and all the other banks follow suite.

Or does it work differently? I took Economics 101 last year and its starting to fade (too much crammed into 11 weeks.)

Originally posted by Autokrat
You know, out of curiosity, I wonder how many people know that the Fed doesn't actually set interest rates and that they just lower their own and all the other banks follow suite.

Or does it work differently? I took Economics 101 last year and its starting to fade (too much crammed into 11 weeks.)

Actually, the FOMC sets the interest rates, and they're part of the Federal Reserve.

Just because this is hilarious...

Philosophy of Economics

Standford Encyclepedia of Philosophy - Economics

Originally posted by Dr McBeefington
Actually, the FOMC sets the interest rates, and they're part of the Federal Reserve.

What!? They actually do have a club for that!? Hot damn!

Originally posted by Autokrat
Just because this is hilarious...

Philosophy of Economics

Standford Encyclepedia of Philosophy - Economics

Not sure why that's funny. Yes, there are many different schools. The first one was Classical, I happen to follow the most logically sound one (Austrian), and Keynesian is a joke.

For instance, Keynesians think increased government spending will stimulate a depressed or stagnated economy. Keynesians also focus on the demand side of economics rather than the supply side. Bernanke thinks that at zero interest rates, people will borrow money like crazy and spend that money to "stimulate the economy". What Bernanke still fails to realize is that we're in this mess in the first place(mostly), because people are spending beyond their means, yet giving them even more opportunity now. However, people are slowly saving again, and unemployment is increasing, so the only thing Bernanke's plan is doing is debasing the value of the dollar and leading it to eventual collapse. The only reason it's gone up is because the Euro has plummeted. Give it a month and the Euro will be back up.

Originally posted by Nephthys
What!? They actually do have a club for that!? Hot damn!

It wasn't a dig at you, I just thought it was funny since given how often we argue over philosophy, I found it amusing that there was an entire subset of Social Philosophy devoted to economics.