Thursday, July 28, 2011

American Net worth before and after "free trade"

And then there are always real world results for those to which it matters;

American Household Net Worth

Before free trade;
1980 to 1995 Net worth ~tripled from $9.5 trillion to $27.9 trillion

After Free Trade;
1995 to 2010 Net worth ~doubled from $27.9 trillion to $57.1 trillion

I suspect that there is some sort of neat fancy thing none of use have that never was developed because of the current global neoliberal economic stagnatory inefficiency.

So when you say its cool because everyone has a internet cell phone that looks like we are doing better then before but the question is could we have been doing even better. I suspect if progressive policies had dominated these last 25 years or so our cell phones would be Star Trek like transporters by now. Oh well… civilization progresses in spite of neoliberal drag so produced.

Saturday, July 23, 2011

Libertarians out of the closet

http://cafehayek.com/2011/07/quotation-of-the-day-25.html

Dan H July 22, 2011 at 12:17 pm
Muirgeo,

Do you know why I’ve been able to make pretty good money in my early 20s as a trader? Because half the people I trade with are idiots like you who don’t live in reality. Eighteen months ago, they were desparate to sell me their commodities because they were CERTAIN Obama’s agenda was going to boost the economy. Six months ago, they were still selling me their gold. Whether it’s a stock, commodity, or currency, I’m lucky to have idiots like you in the world who do not want to live in reality and constantly undervalue or overvalue assets.

I don’t have to take a bet with you. I make bets every day on where I think the economy is going, which is why I have a lot of money in commodities right now.

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Methinks1776 July 22, 2011 at 2:38 pm
Amen.

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John Sullivan July 22, 2011 at 4:41 pm
Yes, but you still could be richer. Your time is valuable and you waste it on Muirgeo.

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Dan J July 22, 2011 at 5:23 pm
I didn’t have the money, but an acquaintance did, and I advised him under the Obama admins and democrat Congress to get a hold of gold. Not pieces of paper, but real gold. He did and is happier for it. Obamamaniacs were gullible in believing the messiah would deliver them. My friend is happy with investment. Also, should Obama get re-elected…. By as much as you can afford. This guy so anti-business (make your own assumptions as to why) that more stagnation and anti- growth will come especially from someone unencumbered by worries of getting re-elected.

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muirgeo July 23, 2011 at 9:16 am
“Do you know why I’ve been able to make pretty good money in my early 20s as a trader?”

Because you are likkely a self- centered individual and have no real interest in making a true contribution to society so you take advantage of asymmetrical information to suck the wealth out of home equity and pensions and 401k’s and from all of the true economy run by productive citizens who care both about earning a fair living AND making a contribution.

See if I was starting out today and wanted to just make money maybe I’d go into banking and finance or join the mafia but some of us care about what it is we actually do to earn our money. If I was starting out now I’d go into electrical engineering or something with the idea to be a part of THOSE great people sovling a true long term need for society.

Those people will look back on their lives with pride and comfort…. you’ll be divorced in no time, surrounded by shallow minded scavengers who hate you, the rest of society already hates you and 40 years hence in you haven’t jumped off a tall building or dropped in front of a subway train you’ll wilt into a bitter old man like the Mr. Potter character from its a wonderful life… and all the money and gold will seem so worthless.

Good luck buddy…

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Dan J July 23, 2011 at 11:07 am
Ahahahahahahaha……… Soapbox boy……. Climb down… Save the world and take a trip into the ghetto with your stethoscope and heal somebody…. Can I get a witness?

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John Sullivan July 22, 2011 at 4:54 pm
I am in the aluminum business. I am only a libertarian hypothetically. I actually do better under the quasi-fascism, interventionmism, of the Obama administration, and sadly, won’t lose much sleep if he wins again. The losers will be the Muirgeo’s of this world, if their God gets in.

The game today is rigged for the debtor class over the saving class. The savers are the middle class and the debtors are the industrial class, entrepreneurs, etc., who need working capital lines of credit, and who get them for virtually noting at the expense of the working class, whose savings bring them squat.

That’s what Muirgeo wants. He wants squat shit for everybody who can’t borrow millions from the government owned and controlled banking sector. He wants continued governmental control over the economy so people like me can golf all winter in Naples, Florida on free borrowed money. He doesn’t have the intellectual capacity to understand what he advocates. He is against competition and he pays a dear price for that belief, while I’m drinking Belgian Lager checking out 20 yr old talent at the loacl Tiki bars.

I’m buying the rounds for all the little gold diggers who love to prostitute themselves to the capitalists and he’s posting his bullshit on sites like this one to keep the taps open for us!

Good day,mate!

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John Sullivan July 22, 2011 at 4:57 pm
Sorry for the spelling errors my friends, but it’s the beer that caused them. Muirgeo, keep it up! You’re gonna make the price of Aluminum ingot go to $1.50 lb., and I’ve got my eye on a nice Ferrari and the piece of ass that comes with it.

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muirgeo July 23, 2011 at 9:27 am
“I am in the aluminum business. I am only a libertarian hypothetically.”

Wow… thanks for actually being truthful. You are just the guy all the libertarians and the professors here are covering for. You make my point exactly. The idea of free markets and libertarianism IS simply a front for people like you. Yeah maybe I’m a simple little man with a wife and kids and dog to go hiking with but don’t you agree even worse than being a scoundral like yourself or a simple man like me is to be a shill for people like you. I feel sorry for you but I really feel sorry for those who believe in you. Let me know how this all turns out 30 years hence.

Anyway glad to hear you’ll be voting for Obama.

Friday, July 22, 2011

OK how about this... How about I ask you if 22,555,000 is a BIGGER or SMALLER number than 22,064,000?

ftp://ftp.bls.gov/pub/suppl/empsit.ceseeb1.txt

No bet lets just have gentlemanly agreement as to weather George Will mis-informed his readers or not.

The former number is form 2008 and the latter from June 2011. Do the numbers fit with the claim "....swelling the ranks of government employees..."

Maybe you could write to Mr Will and ask him for his source for his claim.