Love all, force none - 40 year student of political economy - survivor of cancer and decades of MN sports heartbreak -
@iowahawkblog gave me a 'like', once.
Start with the idea that every person you meet has struggled and been damaged in some way
This damage causes them to not always be truthful, keep promises, or act as they know they should
Love them anyway
But don't let them or anyone rule over you
As a Vikings fan, I’d like to apologize for what 21.7 million of my fellow Americans had to witness from the Vikings offense on Monday Night Football. The good news is they got to watch the best defense in football.
@RealSocred The gap has zero to do with public debt
Public debt has everything to do with overspending
Are you able to show that private debt has been increasing as a percentage of GDP?
If not, why not?
@RealSocred By your own admission
This 'dysfunction' is the difference between 3X and 5X increase
Perhaps that's just reality
And the 'gap' is just crankery
@RealSocred In an unhampered economy, the aggregate income disbursed across all stages simultaneously purchases the final consumer output emerging from the lower order - IOW, no gap, A+B has no meaning
Douglas' accounting doesn't get this
Also DSC ignores Say
Also he doesn't get production
@RealSocred@OldDragon76 Yeah, no
It's intervensionist
And - this is key! Prices are *not* determined by costs - A+B is not economics, it's accounting without an understanding of prices
@RealSocred@OldDragon76 The state setting prices and government dividends are not free market concepts, full stop
Like all interventions, this one will fail, if anyone is silly enough to actually try it
@RealSocred@OldDragon76 In just why 'should' Americans have five times the purchasing power as opposed to three?
You're proposing radically changing a free system that has produced unparalleled prosperity based on - what?
@RealSocred@OldDragon76 Would you say politicians do a better job serving the populace then corporations do serving their customers?
The average American has three times the purchasing power that they did in 1960
How can someone look at that and say anyone is 'disenfranchised'?
@RealSocred@OldDragon76 You think our *corporations* are incompetent?
I'm not interested in corporations running anything besides themselves, for the record
But they do an excellent job serving their customers