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O'Connor wants a shotblocker

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Twin Towers said:
About politics. He sees the problems like everyone else. But he is stuck in the left right paradigm like a lot of America(luckily its getting better). He sees the government as the savior and the only way we can fix the problems is having the government spending more money and give poor people more benefits. When that is the exact opposite. But keynesian economics is what is taught at our schools. Its either Marxist or keynesian economics. So I don't hate anyone who thinks in those ways because they were not given good options in school.

And I am talking about his political views as a whole. I really respect the guy though. I remember when he was calling out some of the NBA stars for not speaking out about important issues. Saying we have a stage to do this. We need to speak out.
What the role of government should be in his eyes is what he is misinformed about.
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What does this have to do with the Jazz. Please no Fox news crap on this board.
 
cowhide said:
What does this have to do with the Jazz. Please no Fox news crap on this board.
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?????? This has nothing to do with Fox news. Somebody posted a political video of Etan Thomas. I responded than somebody asked me to expound.
I do not like Glen Beck or Hannity. So don't generalize my statements.
 
Twin Towers said:
About politics. He sees the problems like everyone else. But he is stuck in the left right paradigm like a lot of America(luckily its getting better). He sees the government as the savior and the only way we can fix the problems is having the government spending more money and give poor people more benefits. When that is the exact opposite. But keynesian economics is what is taught at our schools. Its either Marxist or keynesian economics. So I don't hate anyone who thinks in those ways because they were not given good options in school.

And I am talking about his political views as a whole. I really respect the guy though. I remember when he was calling out some of the NBA stars for not speaking out about important issues. Saying we have a stage to do this. We need to speak out.
What the role of government should be in his eyes is what he is misinformed about.
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Marxist economics are not taught in schools. In fact, I still do not fully understand pre-Soviet socialist economics, despite having 6 years of American higher education in a related subject. Keynesian economics are taught due to its role in the Great Depression and pre-WWII era. Basically, the field of economics in Academia is based on the idea of comparative advantage and deregulation. It is as free-market as it gets, with monopolies and collusions being the only major objections.
 
siromar said:
Marxist economics are not taught in schools. In fact, I still do not fully understand pre-Soviet socialist economics, despite having 6 years of American higher education in a related subject. Keynesian economics are taught due to its role in the Great Depression and pre-WWII era. Basically, the field of economics in Academia is based on the idea of comparative advantage and deregulation. It is as free-market as it gets, with monopolies and collusions being the only major objections.
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Yes they do teach Marxist econmics in schools. I know they do. I have seen it. They do not promote it of course. But its taught.

Keynesian economics is what brought us into the depression. It made things worse. Almost every student who comes out of the U of U thinks Keynesian economics is the best option. And I have met multiple economists from Europe who came here for jobs who think the same thing. They were also taught marxist and Keynesian economics.
People think spending money on wars and on banks brings us out of depressions/recessions. When the only people who predicted the depression (decade in advance)........ Were free market Economists.
Your right deregulation is great but most people coming out of college right now do not think that way. In the 70's it was unheard of to teach the way they do right now.
 
Twin Towers said:
Yes they do teach Marxist econmics in schools. I know they do. I have seen it. They do not promote it of course. But its taught.

Keynesian economics is what brought us into the depression. It made things worse. Almost every student who comes out of the U of U thinks Keynesian economics is the best option. And I have met multiple economists from Europe who came here for jobs who think the same thing. They were also taught marxist and Keynesian economics.
People think spending money on wars and on banks brings us out of depressions/recessions. When the only people who predicted the depression (decade in advance)........ Were free market Economists.
Your right deregulation is great but most people coming out of college right now do not think that way. In the 70's it was unheard of to teach the way they do right now.
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Of course you can take a class on Marxist economics if you have a philosophical or historical interest in the subject. But socialist economy is NOT considered a viable system in the American education system. Mixed economies, like Keynes' and other models, are appealing to the majority of people because it is a middle ground. Mainstream economics generally find Keynesian economics to be inconsistent with microecnomic assumptions on individual self-interest and rationality.

This isn't the place to judge your claims on the causes of the Great Depression, but it is hard to argue that the free-market could've recovered on its own had it not been for the Second World War.
 
****, sorry I posted the video. Take this to the general section please.

Back to the topic, are there any other bigs out there available? None of these guys help us beat LA.
 
This discussion is actually quite interesting, but can we stay on topic here?

This is begging for it's own thread in General.
 
siromar said:
Of course you can take a class on Marxist economics if you have a philosophical or historical interest in the subject. But socialist economy is NOT considered a viable system in the American education system. Mixed economies, like Keynes' and other models, are appealing to the majority of people because it is a middle ground. Mainstream economics generally find Keynesian economics to be inconsistent with microecnomic assumptions on individual self-interest and rationality.

This isn't the place to judge your claims on the causes of the Great Depression, but it is hard to argue that the free-market could've recovered on its own had it not been for the Second World War.
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That is the BIGGEST FALLACY taught in schools. Spending money on a war and people dying brought us out of the great depression? That is moronic. I am sorry but its ridiculous to even make that statement. That is not possible. How does sending troops to another country to fight a war help the financial sector of America? That makes no sense. Its not hard to argue. Anybody WITHOUT a economic degree can figure that out.

https://mises.org/rothbard/agd.pdf
 
Twin Towers said:
That is the BIGGEST FALLACY taught in schools. Spending money on a war and people dying brought us out of the great depression? That is moronic. I am sorry but its ridiculous to even make that statement. That is not possible. How does sending troops to another country to fight a war help the financial sector of America? That makes no sense. Its not hard to argue. Anybody WITHOUT a economic degree can figure that out.

https://mises.org/rothbard/agd.pdf
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Rhetoric aside, the vast majority of economists believe that the New Deal and the War contributed to the recovery. Linking books with an opposing view is not helpful. For one, I obviously will not read the book before I respond to your posts. Secondly, there are minority opinions in all fields.

As for the War, it contributed in many ways. First, the redirection of funds spurred massive growth in key sectors. Those funds would've otherwise been distributed freely and inefficiently into the economy. Second, the unemployment rate plummeted during the war, for obvious reasons. Third, the massive economic growth that followed the War, in all of the participating nations, led to an explosion of technological advancements that reshaped the entire economy.
 
siromar said:
Rhetoric aside, the vast majority of economists believe that the New Deal and the War contributed to the recovery. Linking books with an opposing view is not helpful. For one, I obviously will not read the book before I respond to your posts. Secondly, there are minority opinions in all fields.

As for the War, it contributed in many ways. First, the redirection of funds spurred massive growth in key sectors. Those funds would've otherwise been distributed freely and inefficiently into the economy. Second, the unemployment rate plummeted during the war, for obvious reasons. Third, the massive economic growth that followed the War, in all of the participating nations, led to an explosion of technological advancements that reshaped the entire economy.
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Taxes were lowered Almost in half. And spending was cut in by 2 thirds. But history books don't show that.

And of course I am in the minority. We don't understand economics so the popular way to do things obviously is not working otherwise we would not be in this mess. But we have been bailing out companies for decades and going to war for decades. Don't you think this war that we have been in for the last decade would of prevented the recession/depression? The argument holds no weight that the war brought us out. If something can bring us out of a war than it could surely prevent it right?
And Middle class do not get benefit from the country going to war. The only people who get money is the people who are apart of the war.

You of course showed when the war ended and when we got better. But still you did not explain why the war helped the economy. There is no direct relation. People see they happened at the same time but don't directly relate anything. Its assumption with no facts.

So you believe in the free market efficiently spreading funds around except during recessions? I believe in god but only when times are good.
 
Twin Towers said:
Taxes were lowered Almost in half. And spending was cut in by 2 thirds. But history books don't show that.

And of course I am in the minority. But we have been bailing out companies for decades and going to war for decades. Don't you think this war that we have been in for the last decade would of prevented the recession/depression? The argument holds no weight.
And Middle class do not get benefit from the country going to war. The only people who get money is the people who are apart of the war.

So you believe in the free market efficiently spreading funds around except during recessions? I believe in god but only when times are good.
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The scale of both the current war and recession do not compare to the ones we're discussing. Markets go through cycles, and nothing can be done to prevent that. I'd also like to point out that you seem to confuse what I'm saying with what I believe. I never said the free-market was perfect, or that it is even the best option. I was simply explaining the current thinking and practice in the field of economics. My personal beliefs are quite outside the mainstream and are irrelevant for the current discussion.

And I do not believe in gods whether times are good or bad.
 
siromar said:
The scale of both the current war and recession do not compare to the ones we're discussing. Markets go through cycles, and nothing can be done to prevent that. I'd also like to point out that you seem to confuse what I'm saying with what I believe. I never said the free-market was perfect, or that it is even the best option. I was simply explaining the current thinking and practice in the field of economics. My personal beliefs are quite outside the mainstream and are irrelevant for the current discussion.

And I do not believe in gods whether times are good or bad.
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There are small business cycles in a free market but never enough to create a depression. Only government intervention can create a depression. But the business cycles we have been going through the past 85 years are created by the Federal Reserve. Any time you spend tons of money you have to pay for it later. That is what we are doing. You can prevent depressions by not inflating markets or the currency.

United States of Amnesia. The free market is the best. Our first 130 years proved that. But nobody is willing to remember American history. We only have short term memories. The value of our currency increased without regulations and inflation the currency in the 1800's.
 
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