Socialism for the Uninformed (unemployed, interview, salary, enemies)

[InformedConsent]

Originally Posted by pknopp

Microsoft is worth less today than 30 years ago when their employment costs were lower?

Not solely because of employment costs, no? Look at other factors, including ZIRP and QE.

[InformedConsent]

Originally Posted by pknopp

Yes, things are off kilter. I've argued that for years. I've argued this is why there is a need for raising the minimum wage but the problem is the government tipping the scales in the first place.

Exactly. Get the government OUT of employment policy and wages, the housing market, ZIRP, and QE.

[pknopp]

Originally Posted by InformedConsent

Not solely because of employment costs, no? Look at other factors, including ZIRP and QE.

Both have something to do with it but Microsoft was worth more 10 years ago before that stuff also.

Yours was a vast generalization. A company that is growing can take on higher employment costs and still grow it's valuation

[InformedConsent]

Originally Posted by pknopp

Both have something to do with it but Microsoft was worth more 10 years ago before that stuff also.

Not solely due to employment costs.

[pknopp]

Originally Posted by InformedConsent

Not solely due to employment costs.

Your statement was a generalization that is not always true.

[ContrarianEcon]

Originally Posted by InformedConsent

Get the federal government out of creating real estate bubbles, and that wouldn't happen.

But the Federal Reserve Bank isn't part of the government. It is privately owned.


The bubble is already there, do we pop it or do we turn it into inflation? that is the question?

[pknopp]

Originally Posted by ContrarianEcon

But the Federal Reserve Bank isn't part of the government. It is privately owned.

Its at least quasi government. The president picks who runs it and Congress is suppose to instruct it on what to do.

The bubble is already there, do we pop it or do we turn it into inflation? that is the question?

Pop it before other countries do it for us.

[ContrarianEcon]

Originally Posted by pknopp

Its at least quasi government. The president picks who runs it and Congress is suppose to instruct it on what to do.



Pop it before other countries do it for us.

But if we turn it into inflation, then it will not pop.


With that quasi thing going they get to palm off their mistakes on others.

[pknopp]

Originally Posted by ContrarianEcon

But if we turn it into inflation, then it will not pop.

Again, I want it to pop.

With that quasi thing going they get to palm off their mistakes on others.

Correct. Socialism.

[dv1033]

Originally Posted by pknopp

Correct. Socialism.

What's the difference between "socialism" and "crony capitalism"?