I think it's time for another Ayn Rand rant.Quote:
Originally Posted by Warriorbird
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I think it's time for another Ayn Rand rant.Quote:
Originally Posted by Warriorbird
As usual, I totally agree with you on the causes and the details. Where we disagree is what should be done about it.Quote:
Originally Posted by Warriorbird
Because when people are making you look bad it's time for ad hominem. It's all right. Maybe you can win Congress and the next election and generate FDR 2 by bubbling and depressing the country again.Quote:
Originally Posted by Vorpos
I wish I trusted people to do the right thing as much as you do. It must be a nice and uplifting worldview.Quote:
Originally Posted by Thondalar
Why would banks give people credit that they don't "deserve"? You are missing a key element... let's see if you can get it on your own.Quote:
Originally Posted by Warriorbird
He's currently on a "business is evil".. he rotates them around.Quote:
Originally Posted by Vorpos
I give him another couple of weeks to return to Ayn.
They want to make money. It makes it look like they are.Quote:
Originally Posted by Parkbandit
It's all right. You stay willfully obtuse forever.Quote:
Originally Posted by Parkbandit
I find it telling that you're willing to discount any effect on inflation that minimum wage may have, simply because you can't directly correlate only minimum wage increases to only inflation increases. The economy is way more complex than that.Quote:
Originally Posted by Latrinsorm
It is indeed a significant one; notice I was the first one to bring it up. This goes back to the system...if you can find some sort of empirical evidence that proves that the price fixes they use is the main cog in that machine, I'm all ears.Quote:
I certainly agree that other than the blatantly socialist elements, Singapore very much has a free market for healthcare... but I think that caveat is a significant one.
My overarching opinion is that they are wrong in any situation...I've stated that I believe Singapore's healthcare system succeeds in spite of them, not because of them.Quote:
Empirically, it looks like your reaction to price controls is a function of how much you support the system doing the controlling. You don't like minimum wages, so those controls are a big deal. You like Singapore's health care system, so those controls are a very small part. Am I wrong? If I said that America had a free market for wages, you would immediately point out minimum wage laws. No?
This is where we have so much of a disconnect. I don't trust people to do the right thing. I trust that people only learn from their mistakes, and if that learning opportunity is taken away, they will continue to make mistakes.Quote:
Originally Posted by Warriorbird
So you couldn't get there on your own. Let's take baby steps...Quote:
Originally Posted by Warriorbird
Why would a bank give a loan to someone they knew they couldn't pay back?
I know you have it in you to figure this out.. I have faith!
Says the guy who blames companies for almost everything bad.Quote:
It's all right. You stay willfully obtuse forever.
Since you apparently haven't lived in America during the dowturn the fact that they had a lot of loans on the books enabled them to sell certain financial instruments with those loans and made them look good to stockholders because of the removal of Glass-Steagall. Banks love to do this whenever possible. Companies like it because of spiraling stock market gains. Glass's genius was in getting investment banks out of the lending game.Quote:
Originally Posted by Parkbandit
It'd be really nice if I blamed companies for everything bad. You know I don't. You don't like to think though.