peplaw06
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- Thread starter JBond
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CobraKai
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How did you figure the math on that?
CobraKai
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Maybe a more accurate summation of the article is:
Monetary policy does not drive inflation. Monetary policy is a reaction to inflation, which is chiefly caused by four major market forces.
In this case, monetary policy is meant to protect our most vulnerable citizens, who have absolutely no power in the market whatsoever and thus require protection because businesses will always act in their best interest. You can find yourself in sort of a chicken-egg argument here. After all, employers will be hesitant to absorb these costs rather than just pass them on - but will do so if forced by policy, and the market. If other employers find a way to shoulder the monetary policy and keep costs down, they come out ahead. If the market can bear it, they will pass the cost on to consumers.
The effect of monetary policy pales in comparison to things like speculation, though - which can catastophically impact the market on a day to day basis. You know this, I don't understand why you'd pretend this is some sort of liberal bogeyman.
ThoughtExperiment
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You know what monetary policy is, right? It has nothing to do with mandating a rise in the minimum wage.
Bob Sacamano
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Samuel Adams.
junk
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The guy who makes beer? I don't think you know what the fuck you're talking about.
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TEA party people want to cut it quite a bit.
But agree, for the most part everybody up there is fucked up.
Until there are term limits nothing is EVER going to get done to actually help anyone. Right now the whole goal of those pieces of shit is to get re-elected. And now that one party has succeeded in making half the country leech off the other half, we are royally fucked.
ThoughtExperiment
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They aren't similar at all, CK. I don't know why you're even disputing it. There are probably a zillion articles out there arguing that raising the minimum wage doesn't hurt anything, so I don't know why you picked out one on Fed policy and the money supply.
Anyway, it's my bad for even getting involved in a political thread. But I was talking about the economics of it. Like the others said, government is so big and there's such an astronomical amount of money sloshing around out there, the scumbags in power are just looking to get theirs. Very few, too many to matter, actually care about the common person beyond trying to get their votes. It's just a career for them, no different that those CEOs who have risen to the top of their profession.
Anyway, it's my bad for even getting involved in a political thread. But I was talking about the economics of it. Like the others said, government is so big and there's such an astronomical amount of money sloshing around out there, the scumbags in power are just looking to get theirs. Very few, too many to matter, actually care about the common person beyond trying to get their votes. It's just a career for them, no different that those CEOs who have risen to the top of their profession.
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I've never met a socialist who can have intelligent discourse. Instead, I know a bunch who throw out terms like intelligent discourse without for one second taking the time to consider the flaws in their own system.
How can you justify a minimum wage of $10.10, when college-educated entry level jobs are at around $12 a lot of times. The ice cream shop might not be impacted, but a 100 person small business that has to raise salaries for everyone is going to take a massive hit to their bottom line.
JBond
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“We are socialists, we are enemies of today’s capitalistic economic system for the exploitation of the economically weak, with its unfair salaries, with its unseemly evaluation of a human being according to wealth and property instead of responsibility and performance, and we are all determined to destroy this system under all conditions.” –Adolf Hitler
“A Marxist begins with his prime truth that all evils are caused by the exploitation of the proletariat by the capitalists. From this he logically proceeds to the revolution to end capitalism, then into the third stage of reorganization into a new social order of the dictatorship of the proletariat, and finally the last stage — the political paradise of communism.” -Sal Alinski
JBond
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One of the penalties for refusing to participate in politics is that you end up being governed by your inferiors.
ThoughtExperiment
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I know. My bad for underestimating the awesome power of the DCU. 