Presidential Election 2024

[NDVirginia19]

The fact we continue to give half a billion dollars of taxpayer money to this organization is a sham

 

[Bluto]

Interview with Economist James Galbraith on price controls.

Apparently, America won’t blow up and sink into the ocean if price controls are implemented in various sectors of the economy to control inflationary pressure from time to time.

Also includes some discussion of how many economists (Paul Krugman among them) dog piled on German Economist Isabella Weber when she first brought up the idea of “price controls” to curb recent inflation only
to be proven wrong.

As an aside, it is interesting seeing many on the right criticize the outcomes produced by while at the same time championing the economic policies based on Milton Friedman/the Chicago Schools take on economics.

 

[NDVirginia19]

Interview with Economist James Galbraith on price controls.

Apparently, America won’t blow up and sink into the ocean if price controls are implemented in various sectors of the economy to control inflationary pressure from time to time.

Also includes some discussion of how many economists (Paul Krugman among them) dog piled on German Economist Isabella Weber when she first brought up the idea of “price controls” to curb recent inflation only
to be proven wrong.

As an aside, it is interesting seeing many on the right criticize the outcomes produced by while at the same time championing the economic policies based on Milton Friedman/the Chicago Schools take on economics.

One economist saying Price controls isn't bad is not a slam dunk. Here's plenty of economist saying that it is harmful to the economy and for consumers for such policies to be enacted

https://www.cnn.com/2024/08/16/business/harris-price-gouging-ban-inflation/index.html

 

[Bluto]

One economist saying Price controls isn't bad is not a slam dunk. Here's plenty of economist saying that it is harmful to the economy and for consumers for such policies to be enacted

https://www.cnn.com/2024/08/16/business/harris-price-gouging-ban-inflation/index.html

I’m guessing you didn’t listen to the podcast.

There is a large body of economic study and thought that show price controls aren’t necessarily bad. That’s kind of the point.

 

[ulukinatme]

If Tulsi coaches Trump to do half as well as she did against Kamala in the 2020 Primary, Kamala will have an uphill battle to climb in the debate.

 

[Jiggafini19Deux]

The kid is neurodivergent. He deals with ADHD, anxiety, and a nonverbal learning disorder.

Ann Coulter suffers from being a cunty pig.

 

[ulukinatme]

Yeah, cunt move by Coulter there. Internet is forever, but she should delete that immediately. Kids should be off limits, it wasn't cool when people went after Barron, it's not cool going after Walz's son.

 

[NDVirginia19]

Children and Spouses should be off limits unless they are actively apart of the campaign (and obviously an adult, no young children). For example, Don Jr. is fair game, Baron is not. Doug Emhoff is fair game, Gwen Walz is not

 

[NDVirginia19]

I’m guessing you didn’t listen to the podcast.

There is a large body of economic study and thought that show price controls aren’t necessarily bad. That’s kind of the point.

Listened to bits of it while at work, but ultimately basic economics tells you that when you artificially lower the price of a good, supply will not meet demand and there will be shortages. The biggest test case he uses is the US Economy during WWII, which is not really an analogous or fair use case for current economic realities and construction.

 

[SeekNDestroy]

I’m guessing you didn’t listen to the podcast.

There is a large body of economic study and thought that show price controls aren’t necessarily bad. That’s kind of the point.

The only economist’s opinion I care about is TorontoGold’s…

 

[Sea Turtle]

The only economist’s opinion I care about is TorontoGold’s…

I tend to listen to Steve Forbes and Warren Buffet but Toronto is probably right up there with them.

Edit: no offense, just messing around.

 

[Polish Leppy 22]

lol you are so incredibly in your feelings, that you’ve started just throwing random things in there. Can you point to the post where I said brown people?

You came midway into a discussion about Reagan about his presidency. Like usual, you never actually post anything of substance just generic narratives. The only major figure pushing the idea that banks were being forced to lend to people is Thomas Sewell.

I did mention mortgages, but due to your surface level knowledge of economics I guess I’ll have to explain that MBS stands for mortgage backed security. Which I specifically said was mostly attributable to Clinton.

Trust me, I don’t need to remind you of what I studied, probably will just keep it to my coffee order in case I swing by your office to meet your bosses.

No feelings at all, just history you chose to exclude. In Post #991 you brought up race out of nowhere, it was a sad attempt by you to shift the topic (no shocker there), and it wasn't part of my premise whatsoever. You tried to paint it that way.

You mentioned mortgages AFTER I brought them up, not in your original post where you blamed only tax cuts and deregulation for the 2008 recession.

My bosses would laugh at you and your theories, then they would just shrug and say eh who cares, it's just a canuck.

 

[TorontoGold]

No feelings at all, just history you chose to exclude. In Post #991 you brought up race out of nowhere, it was a sad attempt by you to shift the topic (no shocker there), and it wasn't part of my premise whatsoever. You tried to paint it that way.

You mentioned mortgages AFTER I brought them up, not in your original post where you blamed only tax cuts and deregulation for the 2008 recession.

My bosses would laugh at you and your theories, then they would just shrug and say eh who cares, it's just a canuck.

Lmao I’m leaving out history? You said I included “brown people” but……I never did. I mentioned race because the only person that parroted some “Feds forcing banks” theory was Thomas Sewell wrote a book about how the government went woke and forced banks. Hopefully you don’t need another post to walk you through this.

Because I was responding to a post from another poster talking about Reagan. I did not realize I needed to layout the full history of MBS’ for you. Once I realized you didn’t read the actual discussion, I gave you my opinion on Clinton’s culpability but did not account for you not understanding what an MBS is.

Like I said, you’re too emotional to see 1) never said brown people and 2) the discussion originated talking about Reagan who’s impact was corporate deregulation.

 

[calvegas04]

 

[Irish#1]

Just taking a play out of the Biden playbook, but this is better. He can share those donuts with his staff. Nobody wants a lick off of Joe's ice cream cone.

I hope the didn't do this to all of the restrooms.

 

[Irish#1]

Did I hear this right, Harris wants to put a 25% tax on everything golf, because the wealthy plays golf?

 

[Jiggafini19Deux]

DeSantis has rizz compared to Vance.

 

[NDVirginia19]

He should have had it scripted and filmed multiple takes so he could be authentic like Kamala

 

[Giddyup]

A golf tax? Damn I’ve seen it all now. Let’s take more money and put it into a dysfunctional and wasteful federal government.

 

[Rocket89]

James Woods tweeted it, surely it is true.

 

[NDVirginia19]

James Woods tweeted it, surely it is true.

Come on now, he cited his source..... "DBN News" lmao

 

[Irish#1]

This is crazy. I'm sure the Repubs aren't any different, but to think they are paying $550K for each is kind of mind boggling.

 

[Giddyup]

Huh

 

[BleedBlueGold]

This is crazy. I'm sure the Repubs aren't any different, but to think they are paying $550K for each is kind of mind boggling.

One of the smartest takes Cuomo has ever had in his life. And yes, this is true of both sides. It's a huge problem.

 

[Bluto]

Listened to bits of it while at work, but ultimately basic economics tells you that when you artificially lower the price of a good, supply will not meet demand and there will be shortages. The biggest test case he uses is the US Economy during WWII, which is not really an analogous or fair use case for current economic realities and construction.

The basic economics you are pointing to assumes “perfect competition”. They discuss the many problems and flaws with this assumption as well.

“And the assumptions required, even in theory, to make a freely price adjusting economy into an efficient system are assumptions which basically violate it.

They're completely unconnected to the world in which we actually live. They rest on the notion of so-called perfect competition in which every business is a very small operation competing with many other identically situated, very small businesses to supply equally disorganized, vast numbers of independent households. And that's not the way the world is organized.

In fact, practically every major line of activity is organized through structures in which a relatively small number of major enterprises are involved. And this was, again, the realization in the 20th century that you could, in fact, control prices was based on the fact that they were large organizations. They were already controlling them.”

They discussed other examples of the government intervening in the market to control prices outside of WW2 a some things that can’t be controlled as well. They discuss the recent price controls on insulin, the release of oil from the strategic reserve that stabilized oil prices, the recent Medicare negotiations that lowered prescription prices.

 

[NDVirginia19]

 

[Irish#1]

Kennedy has dropped his challenge to be on the ballot in Arizona. A sign that he is going to drop out?

 

[Giddyup]

I thought he was gonna be Trumps attorney general

 

[TorontoGold]

Why isn’t the media reporting on his health? You don’t hate the media enough!!1!

 

[Jiggafini19Deux]

The Dems should be ashamed for making him run. Just look at him. I mean, the noble and descent....

Shit. Nevermind. Carry on.