AIG Bonuses

Jason · Only in cartoons

RE: AIG Bonuses

DEATHPIGGIE · I'm fat and nobody likes me

But centralized government banking has worked so well.

Jason · Only in cartoons

Good point.

Shorter answer: money would work.

DEATHPIGGIE · I'm fat and nobody likes me

How would we survive without massive inflation and fiat money? I mean, your highfalutin free market ideals make no sense!

Jason · Only in cartoons

According to scholars at Harvard, the free market mindset is some kind of mental disorder.

DEATHPIGGIE · I'm fat and nobody likes me

According to a lot of people a lot of things are somethings.

-- Edited by DEATHPIGGIE on Wednesday 18th of March 2009 01:31:51 AM

MATHSEX · MASTER BATOR

DEATHPIGGIE wrote:

According to a lot of people a lot of things are somethings.

-- Edited by DEATHPIGGIE on Wednesday 18th of March 2009 01:31:51 AM

ummm

but what about a monetary system that lacks a centralized bank? you've shot down the current system, but what great ideas do you have for non-governmental, efficient currency? would we be stuck using gold, chickens, or:

?

how would the privatization of our current system make our country safe from unfriendly nations that currently own government-backed securities? how would a privatized system ensure that national interests are protected against rogue corporations giddy to sell out to the towel-headed shit stains?

Jason · Only in cartoons

So in order to have correctly identified the cause of a systemic problem, you must have formulated a superior alternative system down to every working detail?

I don't know how a free enterprise system of banking would work. It's like asking me twenty years ago how the personal computer market would be like in 2009. The market is unpredictable because it never flows from one person's mind. However, it's rational in that it takes what works from the decentralized collective genius of an entire marketplace. The personal computer market, if it exists in 20 years, will be better than I can realistically imagine.

I could point you in the direction of articles written by economists articulating how a free enterprise system of banking COULD work, but that's nothing more than speculation. What's important to know is that our system has certain problems, problems which would not exist in the absence of a coercive centralized governing body.

MATHSEX · MASTER BATOR

Jason wrote:

So in order to have correctly identified the cause of a systemic problem, you must have formulated a superior alternative system down to every working detail?

I don't know how a free enterprise system of banking would work. It's like asking me twenty years ago how the personal computer market would be like in 2009. The market is unpredictable because it never flows from one person's mind. However, it's rational in that it takes what works from the decentralized collective genius of an entire marketplace. The personal computer market, if it exists in 20 years, will be better than I can realistically imagine.

I could point you in the direction of articles written by economists articulating how a free enterprise system of banking COULD work, but that's nothing more than speculation. What's important to know is that our system has certain problems, problems which would not exist in the absence of a coercive centralized governing body.

you're right in that currency is a working detail. you're also right in that government's sagging tit is in need of breast reduction surgery. however, this systematic problem can be reasonably fixed without introducing more negative externalities than currently exist.

john31584 · Zinc Saucier

Massive government intervention causes economic mess.

Blame the last vestiges of freedom for causing the mess.

Stamp them out.

Repeat.

Die.