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I learned many years ago that when a problem seems to be too complicated to solve, the reason it is so complicated is that it contains a lie. Once the lie is uncovered the problem is easily solved.
Economics in the past few years has become the science of lies. This seems odd at first as in it's simplest form economics is only mathematics, and mathematics never lie. But by injecting lies into equations you can make math appear to lie.
I'm sure we all remember the lies of a few years back that spurred the housing mania and the love affair with HELOCS. How "property values always went up", and how it was smart to put your "equity to work for you". If those statements were true, then you could borrow your way to prosperity, but they were not.
Today the newest piece of twisted logic on various websites coming from the neolibs is that Government deficits are actually a good thing. They prove this by spouting a simple mathematical equation that states when public deficits = private assets. You are simply moving from one side of the balance sheet to the other. While this makes perfect accounting sense, what is missing is the total equation. Public debts = private domestic assets + foreign assets + FED assets. Now the equation changes. Although the neolibs would have you believe it is in your interest for the Government to borrow money only about 25% of that debt is being purchased by private domestic parties. 28% is being purchased by foreign parties, and a whopping 50% is being purchased by the FED. The reason that such a large percentage is being purchased by the FED is that foreign demand is shrinking due to falling confidence in our ability to repay, and growing concern about sustainability of the dollars value. We are on very dangerous ground here. The more of the debt the FED purchases, the more confidence is lost, and the more we increase the risk of dollar devaluation. There are those who will also tell you that dollar depreciation is a good thing because it will increase exports. This is true, but once again the devil is in the details. It will also mean your paycheck will loose buying power, and that American assets will be increasingly purchased by foreign owners. It will mean an overall loss of assets for the American Public. It is time for the American people to wise up and stop being duped by Bankers and government who are stealing you blind. The really sad part is that they convincing you it is in your best interest, and no matter how many times they deceive and rob you, you continue to fall for their lies.
And that's why you should get your financial and economic news NOT from the MSM but from financial sites and blogs written by guys who do deep analysis of market fundmentals and trends and don't inject politics into their thinking.
Getting all your financial news from sites like Yahoo, MSNBC or AP is not financial news.
Many Americans are not financially astute and cannot debate market fundamentals or even know how to form their own opinions by looking at sectors and trends. They just quote you the latest AP article that hit the headlines. Ask them about the BDI or port statistics or freight statistics and see how much debate you'll get.
You usually find that over on the politics forum though and there's always a political slant to their postings.
Over here in the Business forum there are some good knowledgeable folks with good insight and opinions.
And most do a good job of keeping politics out of the debate/discussion.
Not really down on the whole Lib v. Con thing . . .
But are you saying that NeoLib pretty much equals NeoCon?
Both increase debt without any long term gain for US?
"neoliberalism has also come into wide use in cultural studies to describe an internationally prevailing ideological paradigm that leads to social, cultural, and political practices and policies that use the language of markets, efficiency, consumer choice, transactional thinking and individual autonomy to shift risk from governments and corporations onto individuals and to extend this kind of market logic into the realm of social and affective relationships."[2]
"Neoconservatism is a right-wing political philosophy that emerged in the United States of America, and which supports using American economic and military power to bring liberalism, democracy, and human rights to other countries."[1][2][3]
Neolib pretty much does equal neocon. They're the same thing. Conservatives are liberal. The English language makes no sense.
One is primarily an economic platform, the other is a platform to expand a political ideology by military and whatever other means possible. Although both platforms are often supported by the same people.
One is primarily an economic platform, the other is a platform to expand a political ideology by military and whatever other means possible. Although both platforms are often supported by the same people.
I guess where they seem so much the same is that both are freeloaders who run up debts, wish to foist their system(s) [both of which seem pretty stupid] on everyone else, and have everyone else be left in debt or somehow expected to pay them.
So the best way to deal with them is shun them both and cut their credit off?
I learned many years ago that when a problem seems to be too complicated to solve, the reason it is so complicated is that it contains a lie. Once the lie is uncovered the problem is easily solved.
The real lie is a little green piece of paper with a picture of George Wa$hington on it. You are conditioned to believe that little green piece of paper is valuable and tricked into putting everything you've got into getting as many as you can. On top of that, you are convinced by advertising that you need stuff, and you dump plenty of your wa$hingtons on junk, which keeps global trade moving, forcing the rest of the world to bow down to the Man, who controls the means of trade (the ocean, courtesy of the world's largest and most powerful navy) and runs the biggest marketplace on the planet.
The Man doesn't want your stack of GW's... he has a rather large and efficient printing press in the basement and can make as many as he wants.
What the Man wants is your labor... 49 years at least, and more if he can get it, as well as an open mouth to consume as much as possible. The chain that keeps you there is debt.
Your labor and consumption for the Man creates resources... true wealth in the form of power and control... that keeps the country on top of the global garbage heap.
Today the newest piece of twisted logic on various websites coming from the neolibs is that Government deficits are actually a good thing.
Nobody is suggesting that high government deficits are a "good thing".
Your entire post is just a straw man.
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