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applegrove

(118,022 posts)
Thu Feb 9, 2017, 02:55 AM Feb 2017

Right wingers claim that monetary and fiscal policy perverts the natural cycles

of the economy. That there should be no policy.

Here is my response:

So perverts the natural cycles? Boom and bust? Like
the late 1800s? What a fine time that was. So much poverty and suffering. And people built mansions based on those booms that then had to be torn down 40 years later as they were too useless and gaudy. Unless that is they could be turned into a nursing home. So you want the whole country to be riding waves. I get ya. You do not like the post war stability that lasted for 60 years. I see. I guess we were all assuming 'Make America Great Again' meant the 1950s. Did not know it was the 1880s.

The rich do know how to make money that way. It is about
the bust and the economy tanking regular people and the semi rich out again when they are flat on their backs having lost in the markets and real estate. Those with multiple millions can then leverage that in a bust to run around buying the carcases of businesses and real estate. A chance, perhaps their only chance, to join an even higher income bracket. Buy low. Sell high. The world built to serve only hedge fund managers. And it is not hard to do. It just requires that you have a bit more money than those destroyed by the bust. You require the suffering of the middle class. You require a depression for a time when the middle class is so damaged business are close to failing, or failing, left right and center. Buy up all the assets you want at rock bottom prices. Then you watch the economy grow after a few years, your net worth balloon, and you don't pay taxes. You get the assets you bought back to health and sell them to the highest bidder. Nice work if you can get it. You are all about the bust. And you require that 3/4 of the country really suffer and lose wealth every 7 years. You are not a genius to want that bust cycle. You are a creep.The natural cycle is a speculation boom that causes a much worse crash.

It is not good for anyone but people hoping to buy assets at bankruptcy prices. Your targets are good companies that get nailed by the huge bust. It benefits only the very rich. It requires that everyone else go face first into the dirt for 3 years. Those companies and real estate owners would otherwise, in a normal tight money recession, survived and retained ownership. It is very rich people getting a transfer of wealth from small to mid sized businesses and the middle class and the poor. It is cannibalism of a nation. A speculation boom is required by you to make sure the recession is as deep and long as possible. If you were to stress test the economy for your purposes you would want the outcome that everything begins to crack and implode. Thus why Trump is getting rid of Dodd Frank. And the requirement that financial planners used to have to work in their clients' best interests. The more speculation the worse the bust the more people are hurt the more opportunity for you. I know a hedge fund manager. He sees himself having a role to play in the economy but he does not want needless trauma, pain and failing of the market which you do.

The basic assumption behind all market theory in economics is that 'given perfect information' people will act certain ways. Well the speculation boom you require to result in your particular kind of bust, a bust that is long enough and deep enough that good businesses are forced to sell themselves, is not based on perfect information or economics. It is market failure and shared delusions that lead to trauma for most of the people. And that massive customer failure results in good and viable companies and real estate owners having to cut great loses and sell to you. That is the only way it works.

It benefits nobody else. But I guess you would say 'there is a sucker born every day'.

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Right wingers claim that monetary and fiscal policy perverts the natural cycles (Original Post) applegrove Feb 2017 OP
They also think birth control perverts the natural cycles. What can you do with morons like that? Hekate Feb 2017 #1
They want that birth rate up for white people. They always cloak their applegrove Feb 2017 #2
Face it, right wingers are the less fortunate specimens of humanity Warpy Feb 2017 #3
K & R SammyWinstonJack Feb 2017 #4
Pollutes their precious bodily fluids. n/t Orsino Feb 2017 #5

applegrove

(118,022 posts)
2. They want that birth rate up for white people. They always cloak their
Thu Feb 9, 2017, 03:14 AM
Feb 2017

desires in some something innocuous like "the natural cycles" .

Warpy

(110,913 posts)
3. Face it, right wingers are the less fortunate specimens of humanity
Thu Feb 9, 2017, 04:30 AM
Feb 2017

who don't understand abstract thinking and therefore have to fill in the blanks by an unshakable belief in various fairies.

The free market/invisible hand fairy is just one of them.

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