What is /pol/'s standard economic line of thought?
>>69114403
>inb4 le nadzi Germany economics meme
>>69114403
If there are classes where one is rich and one is poor and the other is in between its working as intended.
Social liberalism is the best model for a free society.
>>69114671
>Bernie is good for society
Look at the mess we're at and see if you really want to go full cultural marxist.
free market capitalism is the only thing that works
more freedom is always better
>>69114966
Not sure if you understand any of the concepts you just tried to string together.
>>69115284
Social liberalism means distributing gibemedats which minorities supported by ivory tower SJWs keep sucking without return. And that's pretty much part of the cultural marxism subversion of society's order greater plan.
>>69115555
Social liberalism doesn't have require extensive welfare programs, it can take the form of jobs programs like infrastructure projects, a higher minimum wage, workers collective bargaining with the state as a middleman, more funding for hospitals, schools etc.
>>69115785
>it can take the form of jobs programs like infrastructure projects
Literally fake jobs with no real wealth output. It's like paying refugees via tax money to dig holes then filling them and call it job creation.
>high minimum wage
You mean creating more unemployment?
>workers collective bargaining with the state as a middleman
>syndicalism
"No".
>more funding for hospitals, schools
Just privatize them and make them send the bill to the government in case people are incapable of paying.
Just fuck off already, Bernie. My country tried all of that shit during 20 years and you can now see the horrible results.
>>69115174
What a bout toxic monopoles
>>69116733
National monopolies or oligopolies aren't necessarily bad. Windows and Nvidia/AMD are good examples of the free market in action.
>>69116733
In a free market society, monopolies are less likely to stay in place for much time because of competition. Most of the monopolies are a direct result of government giving preferential treatment through exclusive rights, or regulations that make entry to the market for newcomers very costly.
The irony is that these same laws are sold to the public as a way to protect the consumer. Just look how uber is destroying the traditional taxi monopoly.
>>69114403
free market is the best, just look at switzerland, hong kong or singapore
whereas the opposite of a free market, communism, has failed spectacularly every time it's been tried
>>69118613
>Tfw people are actively advocating for Socialism in your country
It's so sad anon
>>69120454
no kidding. in finland, even the "far-right" is fairly socialist
>>69116573
>strawmen and the assertion that if Brazil can't handle something, no one else can
wew
Still not sure. At this stage I still try to keep an open mind on the different branches of economic though because I don't know enough about them to declare one superior to the others.
I'm still reading through (albeit slowly) Thomas Piketty's Capital in the Twenty-First Century and it has really challenged a lot of my views on free-market style capitalism.
Any /pol/ economics bros want to recommend me another book (relating to economic thought) to read once I finish this? I'm thinking Capitalism and Freedom by Milton Friedman.
>>69114403
it needs to be viewed in terms on the effect economic policy has on people
It has to be a certain line between libertarian and nationalism. As well as straight legislation over regulation, regulation is nothing more than the state to bleed companies, or flat out prevent start up companies. If something is truly wrong legislate it out, and let the free market work around it.
>>69114499
Nazi Germany had some seriously shitty economics. The myth that Hitler saved the German economy is laughable to anyone who's studied it. Their economy was so inefficient that they had to start the biggest war in history just to maintain it. And it still failed
More free the market, more free the people. Freedom > fairness, my friends.
>>69116733
Monopolies only form through state intervention. When the government gives an advantage to certain firms, those firms gain market power. Hardly a free market situation.
The free market is more likely to create monopolistic competition, which is good for consumers since there is a distinct variety between brands, but the producers also have economies of scale so production is cheaper.
>>69122472
Regulations are legislation...
If you're trying to legislate a problem away, you're merely creating more regulations. You cannot legislate prosperity
/pol/ is in favor of capitalism and the free market until a guy named Pajeet or Juan beats them at it.
>>69122741
>Monopolies only form through state intervention.
>only
not even close
>>69114403
weak libertarian position. I believe that freer makrets and free trade benefit people, but its not as great as most people think. The majority of how well an economy does falls on central bank to do whats necessary.
/pol/ loves to advertise free markets even though without state intervention and regulations the west would ultimately be poorer then asia.
Separate government and the market as much as possible
>>69114966
>cultural marxist
first of all, there is no such thing as "cultural marxism." Second of all, even if there were, it would have very little to do with economics.
>>69123750
You realize that countries do that and they're almost entirely shitholes right?
1.Don't spend money you don't have
2. Except if you can make a shit ton reliably
>>69122741
>Monopolies only form through state intervention.
I'm in favor of capitalism and al that jazz, but this is false, monopolies can form without government intervention, though, they are less stable than when a government protects them.
>>69124020
>as much as possible
Key part of the sentence nigger. Countries that try to control the economy are also shitholes
>>69114403
Fascism. Not the corporate slave capitalism of Hitler, but actual fascism. The state can and must take care of the nation, and ensure that economic goals are for their benefit. But at the same time, there's nothing wrong with the innovative or rich investing in economic ventures and making a lot of money from it.
Free market scum strikes again.Fucking pol, didnt expect it from you.IMO, the economic politics must be as liberal as possible to the point where oligarchy doesnt happen and the government is able to get the control of situation needed.Something like nat-soc, though I think socialism elements are nothing bad, you just have to crush retarded liberals inside of your country so they dont lobby too liberal laws you economy cant handle.
I'm a Keynesian. It built the American middle class, and the whole thing collapsed as soon as we went away from it.
>>69124238
The best nations on Earth have a large amount of government intervention in their economy and government. Good job being clueless though.
>>69124435
and government spending*
Acceptable tier:
Classical Liberal
Traditional Keynesian
Garabage tier:
Marxist
Austrian school
Krugman esc Neo- Keynesianism
>>69114403
an-cap is great for growth
limited fascism is great for sustenance
Okay, some standart pro-control statements I want to bring up though I dont really pick a side in this topic and prefer situational decisions.
1.Libertarianism kills ecology.
2.Oligarchs can split spheres of influence, make undercover deals and then just fuck wages, social guarantees and product quality up.
Pol answers to this?
>>69114403
Impose tariffs and regulate to ensure that your country has all the key industries even at the expense of taxpayers. Inside the country you can do whatever. Go full commie if you can afford it or full capitalist, doesn't make a difference.
>>69124425
>keynesian
Commie tier. Kill yourself in the most horrible way possible.
Keynesian is the true red pill
>>69124763
Actual Keynesian economics is no where near communism.
>>69124551
Wait the austrian school is classically liberal.
Austrians outlined the whole profession buddy.
>>69114403
Anyone who isn't a libertarian should fuck off back to red.dit.
>>69124824
It allows the State to gain control of the economy. Essentially transforming any form of property into temporary personnal property as opposed to private property.
It's a step forward toward any for of totalitarian control.
>>69124425
Ever heard of "stag-flation"?
America was never Keynesian. The UK was Keynesian, and it was the poorest performing economy in the post ww2 world until based Maggie fixed things up.
>>69124844
Classical economics was around way before the Austrian school.
Its also not nearly as filled to the prim with kikes.
>>69124763
>commie tier
So you know nothing about communism, thanks for clearing that up
>>69124824
commies say that their plans are keynesian becaise people know communism is a massive shit show.
>>69114403
We are all Keyenesians here
>>69124961
>>69124763
This board has a remarkable amount of people who have absolutely no idea what's going on.
>>69124890
Corporate slut, you won't even get any advantage off libertarianism, this is like 100% jew cuck ideology, even in communism you would at least get something in return, in libertarianism the market will fix it's problems, but not your.
Feudalism
>>69114403
Austrian School is best school
>>69125093
>even in communism you would at least get something in return
Yeah, I'm sure the citizens of North Korea are a lot more free and prosperous than the citizens of the USA.
Fuck off to Russia you bootlicker.
>>69124890
Corporate entities and massive business have proven again and again that they will fuck over everyone, cover it up and make a shitload of money off of everyone while doing it unless they are monitored, regulated and controlled.
>>69125185
Now that's what I call cuckoldry. How submissive can you get?
>>69114403
/pol/ is a fascist board we believe in private ownership of the means of production as long as the economy serves the nation and the vast majority of people
pic related
>>69125221
Libertarianism is not laissez-faire. Libertarianism, on the contrary, seeks to maximize competition and minimize corrupt corporatism. Libertarianism doesn't advocate for repealing anti-trust laws and such. But libertarianism is opposed to any legislature which gives unfair advantages to certain industries (subsidies, for instance, or forced monopolies à la Obongocare).
Don't confuse libertarianism and laissez-faire.
>>69125201
Did I say I am communist?And what the fuck does it all have to do with Russia?Answer my questions, Pierre (I know you are not even ahmed, you are nu-male french cuck).I am critisizing libertarianism and you tell me of disadvantages of opposite ideology, like I even asked about it.If you want me to tell you about good things communism done and bad things as well, I can tell you, as I am obviously more reliable source than most media, as I witnessed all of this and have no interest to lie.Libertarianism is retarded as well as libertarians are, thanks for reminding.
>>69125435
How is the economy serving the nation in this way ensured? State power?
>>69122476
Nice bait
>>69125465
I'm more talking about pollution of food, air, water, untested pharmaceuticals and just general backhanded and greedy cunt behavior.
>>69114403
That the economy shouldn't drive our immigration policies. If your economy isn't sustainable without mass shitskin immigration then it isn't sustainable.
>>69123433
So does third world slave labour count as the free market guys? Or should regulations be put in place to prevent it. Exactly how free should things get.
>>69125435
>/pol/ is a fascist board we believe in private ownership of the means of production as long as the economy serves the nation and the vast majority of people
>So we put in a fascist dictator-for-life who in no way would ever harm us or serve his own self-interest and give him absolute control so long as he pinky-promises to not fuck us over.
>>69125619
>State power?
Yes the state has a duty and responsibility to guide society and the economy for the benefit of the people.
>>69125465
>minimize corrupt corporatism
In your fucking wet dreams, animal.By dreaming of something this doesnt happen IRL.
>unfair advantages for certain industries
Its called national priorities, if you have a control of where economic growth efforts are put you can make a long-term political planning.Denying subsidies is the most retarded thing you can do.Dont you understand that if China uses cheap work power it has natural advantage over you, and if you dont tariff their stuff and dont subsidize your industry with money you got China or someone else will just fuck you up?You are natural beta and cuck, that's why your brain tends to chose suicidal economical actions.Die from cancer.
>>69125830
Doesn't it blow you away how naive these faggots are?
Evolved Keynesian Monartist
>>69125830
>dictator
>muh freedumbs
Democracy is a sham.
Austrian School is the ultimate Red Pill in economics.
Pic related: Start reading these guys and I promise you that you will be able to btfo literally any leftist cuck on pretty much anything
>>69125932
I'm in a constant state of awe.
>>69125807
mercantalisim built europe, free market is shit. pajeets will work for 1 cent an hour because they are dirty pajeets
>>69125941
>trivializing the concept of freedom
Hello cuck
>>69126018
>implying maximizing GDP is the primary goal of a society
Okay guy
>>69126034
>NO MATE MARKET WILL FIX ITSELF SO SALARIES ONLY GROW BIGGER AND YOU WILL ONLY GET MORE JOB BECAUSE OF MARKET STIMULATION.
>>69126018
babby's first economic theory
>>69126035
>trivializing the concept of freedom
Name a single fundamental freedumbs people in fascist regimes would lack compared to liberal democracy.
>>69114403
The 29' and 2008 crises has shown the true face of liberalism in economy.I do belive in a free market,the bigger the market the better,but state must intervent on the economy to regulate it.
>>69126018
what a cute teenager, you have so much to embrace.One day you will remember this post and smile over what you were.
>>69114403
Loot and pillage the Turd World after subjugating the nigger hordes.
>>69125830
>>So we put in a fascist dictator-for-life who in no way would ever harm us or serve his own self-interest and give him absolute control so long as he pinky-promises to not fuck us over.
What is fascist democracy for a shekel, Chaim?
>>69126130
Whos implying that? Because its sure as shit not austrian school advocates. Austrian school is more about individual rights and spontaneous order. Most of societies problems can be attributed to violations of those things
French libtard, where are you?I wanted to talk to you so much, you are so smart.
>>69125577
>Did I say I am communist?
I'm guessing you are. Or a fascist. Same shit.
You're a cuck who wants big daddy governement to take care of him because you're too fucking stupid to function on your own. Pathetic, really.
>>69125781
Environmental laws are not anti-libertarian since they don't favor certain companies over others.
If every company needs to obey the same regulations, it doesn't disrupt the free market process. It will of course lead to higher costs in the end product, so the establishment of regulations should be only done after weighing the positives of the regulations compared to their costs. Although I'm sure 99% of people are okay with paying a little extra if it protects the rivers and forests.
>>69125913
>In your fucking wet dreams, animal
Just because Ukrainians are too stupid to not be corrupt faggots doesn't mean everyone acts the same.
>Its called national priorities, if you have a control of where economic growth efforts are put you can make a long-term political planning.Denying subsidies is the most retarded thing you can do.
So you are indeed a communist. Why deny it?
>>69114403
State capitalism.
>>69126130
Libertarianism is not about maximizing GDP. That is just a byproduct of good economic policy.
In fact, it's socialism which is always raving about "muh industrialization" "muh raising standards of living" "muh this" "muh that".
>>69126399
>What is fascist democracy for a shekel, Chaim?
An oxymoron.
>>69126421
>libtard
I object to being called that.
"Liberal" now means communist.
>>69126422
Fascist and communist is the same.Wow.I said that economic politics should be as liberal as possible to the point where government can still control the situation and react to political and economical changes.Sure I am fucking big daddy lover.
Talking of nations again like it has anything to do with conversation.Every country in the world is somehow corrupt, and business will be corrupt AS MUCH as it is let to be.
Supporting subsidies and being communist is impossible as subsidies dont exist in plan economics.I am centrist if you are interested.What a fucking animal you are, I hope you overgrow your current state.
>>69125830
its in a kings interest to protect the source of his wealth, his subjects. shadowy cartels of jews and deformed anglos have no such compulsion
>>69123433
Not bad Migger. Not bad at all.
>>69126748
>Fascist and communist is the same.Wow.
Yep.
>I said that economic politics should be as liberal as possible to the point where government can still control the situation and react to political and economical changes.
Why the fuck should government "react" to the economy?
>Sure I am fucking big daddy lover
You sure are.
>Talking of nations again like it has anything to do with conversation.Every country in the world is somehow corrupt, and business will be corrupt AS MUCH as it is let to be.
A natural degree of corruption will always exist. But corruption strives a lot more in government than in business. If you concentrate economic power in the government, corruption will skyrocket.
>Supporting subsidies and being communist is impossible as subsidies dont exist in plan economics
Of course they do. Planned economies are basically subsidy plannings.
The only end result of subsidies are lobbying by companies to increase their share of subsidies. It's the cancer killing capitalism in America.
>>69126816
>And these shadowy cartels of jews and anglos have NEVER infiltrated kings or kingdoms before!
>>69125807
You need to enforce some basic economic rules how european nations enforsed Geneve convention in warfare.Those who dont agree to these rules are tariffed to the point they are fucked up.So liberal and free market rules are supposed to work only between the countries that follow common international economic rules.
>>69126748
Not that guy but just curious.
Why do Ukrainians always have to be so angry? I have never met a Ukrainski who speaks normally when it comes to their country. You guys even have a Boxer as the ultimate politico. Why?
>>69127301
ukranians are the best, and they are usually very nice people. its just the way all ostslawen speak is very passionate and forceful
I'm a big fan of Jane Jacobs' "The Nature of Economies" which postulates that like all things economics is governed by the same natural laws.
>>69126965
Fascism doesnt deny personal property.Communism does.There is also pretty many differences I wont list, you are free to research
>Why the fuck should government "react" to the economy?
Prisoner's dilemma, google it.The reason why government is supposed to be mediator in capitalist tensions sometimes.
>If you concentrate economic power in the government, corruption will skyrocket.
It depends, but what trully skyrockets corruption is weak state, where lobbying capitalists mess with government and government has 0 instruments to respond.
>plan economics
its a long topic, its more a matter of sophistics and will take too much time, I will just skip it as its not super important in this conv.
>result of subsidies are lobbying by companies to increase their share of subsidies.
That's why state should be strong enough to not be controlled by capitalists and be the biggest player on the market itself.I, personally, would use divide et impera to put capitalists lobbying energy to provocate more concurention and lower government-capitalist tensions, but its more about management than about ideology, so its off-topic as well.
>>69127301
>Boxer as the ultimate politico
that's way fucking cool
>muh free market
>Trump for president
You realize he's advocating protectionism?
>>69127684
Yeah, maybe it's the language. But they fucking scare the shit out of me sometimes. Even those cute girls turn into miyazaki monsters before you can say Vladimir Puti..
>>69127301
It takes a lot effort not to make a poo in the loo joke.Well, I, personally, bullied everyone voting for Klitchko.Ukrainians nation suffered a lot by brain drain process and lots of double-side propaganda, most of people of my country arent angry, sometimes even helpful, they just have a
transitional mindset, in 25 years this problem will probably be gone, though most other problems will stay, I think.
>>69127968
Poor libtard mind falls easily to everything that contains freedom, cuckoldry and liberty.
But it also falls for memes easily, so they grow a double-standart mindset where voting Trump and being libtart is ok.
>>69126266
The state caused 08. Its abundently obvious but you won't see many people admit this because they are so cucked by the state apparatus that they can't even comprehend it. Heres the very very short summary.
The state decides that everyone needs to own a home so they give various tax incentives to buy expensive real estate. The bubble begins.
When poor people are left out of the bubble laws are passed to force banks to issue sub prime mortgages. The state guarantees these by buying 70% of mortgages with state-owned corporations Fannie Mae and Freddie Mac.
Banks realize that literally every loan they make will just be bought by the government. This massively destroys the risk/reward system that loans are based on. So banks are eager to lend money to pretty much anyone who asks since the risk is just socialized by the state.
Banks then get effectively infinite liquidity from the Federal Reserve. The artificially low interest rate causes even more lending.
The bubble spirals out of control. Banks with endless funds make endless mortgages. The state shills so hard for home ownership that everyone thinks home prices will literally never stop rising. More loans are made. More loans are bought by the government. This continues for years. Eventually the toxic and worthless assets catch up with the system and it all falls down. Instead of letting the finance sector repair itself the Federal Reserve and congress have now put the economy on life support to this day. The new wall street bubble is without a doubt bigger than the last one. Its going to be very ugly when it pops.
>>69124972
Ever heard of actually studying Economics beyond YouTube and forums with clueless BSc holders? Post-Keynesianism is the truth.
Its all mathematics
*mighty mos def*
*record scratch*
It's simple mathematics
*record scratch*
Mos Def knows more about economy than komrade sanders
>>69125032
The day I advocate Keyenesian economics is the day I become a Freemason.
>>69126266
Honestly and I mean this in the most sincere way...
During the Clinton administration they changed lending standards and forced banks to lend to low income borrowers. (minorities) This is what really caused the crisis. Subprime loans were invented by the government. The "community reinvestment act" pressured banks to make these terrible loans.
Banks did what they could to hedge and securitized these loans so they could sell them and get them off their balance sheets.
Some of the slicker bond traders found a way to hide these terrible mortgage backed securities in AAA rated investment products.
Had the government not stepped in and forced banks to essentially grant bad loans the entire subprime and secondary market for mortgage debt would never have ballooned to the size it did or been twisted in such a vile way.
The government caused the finical crisis.
>>69124551
God tier: Post-Keynesianism, Schumpeterian
Acceptable tier: Classical school
Garbage tier: Marxian, Austrian school, Neoclassical school
>>69128400
Omg if I noticed this post of him earlier I wouldnt bother arguing with him.What a time waste.
>>69126018
Best out of those guys was Hayek, and if you believe he was Austrian school or believed society should be ran like that, you need to read his actual academic works and not his political books.
>Rothbard
>Mises
Literally insane Jews, have you ever read these guys or read about them?
Also, I love how the Bastiat Institute posted their faces on tall, slim figures when in reality they were stout and chubby Jewish men.
>>69128326
We are going to need a source on that, it sounds plausible tho.
>>69129072
Mises predicted and explained the great depression before it happened. The Mises Institute did the same for the 08 recession. Mises is what originally got me into free market economics.
Of course Inhave read Rothbard. He is essential as he was the first person to really take individualism to its logical conclusion. He dissects the inherant problems of the state from a right-wing individualist perspective. Previous head-on criticism of the existence of the state was done by left anarchists.
>>69128603
Would something similar happen if bernie intervenes in the college loans?
>>69127968
He also said "libertarianism is great" and "i'm the most free market guy you'll find".
I mean, the guy just says whatever you want him to say.
>>69130162
Y that's why pol likes him.He is great and super-smart politician outplaying much bigger players than him with so many fucking tricks in insane amounts.
>>69129696
I don't have sources for all the immidiately because im mobile. But this is all easily verifiable. Its pretty much what American Libertarians have been saying since 2008. Fee.org and Mises institute would probably have some articles on it.
Id suggest reading Peter Schiffs How amd Economy Grows and why it Crashes. Schiff is actually well documented as having predicted the financial crisis. Theres loads of videos all over youtube of him warning of the coming crisis. The book is a really short and assessible introduction to all this stuff. It uses an island as an allegory for the US economy. It explains how the state managed to destory what was once one of the greatest economies the world has ever seen.
http://www.libertarianismo.org/livros/pshaegawic.pdf
>>69124020
Try /r/politics, cuck. The most free economy in the world is Hong Kong. In 50 years it has transformed from a fucking fishing village to a global commerce hub.
http://www.heritage.org/index/
>>69122115
I ordered that one last week. Reading Basic Economics by Sowell, Economics in One Lesson by Hazllit, and Free to Choose by Friedman.
>>69131688
Is he predicting another crash in the future?
>>69114403
Dicatorship with free markets is the best regime
see
https://en.wikipedia.org/wiki/Miracle_of_Chile
https://en.wikipedia.org/wiki/Spanish_miracle
>>69131688
Thanks, I will check it out later (on mobile as well). I'm very interested in learning more about economy.
>>69128326
And why do you believe they were able to? Because of butt buddies they had in the office that they sucked off to deregulate shit.
>>69132577
Yep. As are all Austrian School adherants. A caveat with Schiff is that he has been a little trigger happy one calling the next crash. His reasoning is sound and insightful but his timeline has been off. I think he has underestimated the degree that the US "exports" its inflation through its status as a reserve currency and the willingness of foreign central banks to buy US Treasury bonds.
The amount and cost of investing is a direct correlation to an economy's savings (since investment is a use of savings). High interest rates signal that savings are low and expansion needs to slow. Low interest rates signal that the economy has an abundence of savings and can expand rapidly. The Federal Reserve fucks with that mechanism.
Basically after the last financial crisis the governement put the economy on life support. The Federal Reserve propped up the economy by making insanely low interest rates. They do this by printing trillions of dollars into the economy, giving the appearence of strong underlying savings. The federal funds rate is about 0.25% right now. The only reason people think the economy has "recovered" is because trillions of "fake" wealth has made the stock market look strong on paper. The growth of the stock market right now is entirely dependent on the Fed issuing new dollars. The increasingly shitty position of the average American should tell you that the underlying economy is not strong. Savings levels are lower than ever but investment is high because of the Fed. The entire economy is addicted to infinite liquidity. This is not sustainable. In January the Fed tried to raise interest rates by I think 0.5%. The economy almost crashed in January so they had to lower again. It will get worse before it gets better. A lot worse.
Socialism can work and capitalism can work. Probably any form of economic system can work if there is enough social capital that comes from social homogeneity.
>>69114403
Whatever works but it should be as local as possible.
>>69132990
I fucking explained that. But you are too obsessed with your deregulation meme.
Housing used to be a insignificant percentage of our economy. Homes were modest and owned by people who could afford them. The state made incentives for everyone to buy the biggest fucking house they can whether or not they need it or can afford it.
When people with god awful credit couldn't get in on the bubble the government threatened banks eith discrimination lawsuits for not issuing sub prime mortages.
When the bubble grew biggee, people demanded more loans. Banks had the capital to do this because Fannie and Freddie (state owned) bought 70% of mortgages on the secondary market. This took away the risk of lending.
All of this was compounded by the Fed pumping ungodly amounts of liquidity into the market, causing firms to massively overleverge.
Was there "greedy" bankers? Sure. But there was also greedy homeowners. The only reason they could act on their greedy was because the entire banking system was imploded by the government. You can't have the government destroy everything free market in the economy then still blame free markets when it crashes.
Economics is just resource allocation. Nothing more, nothing less.
>>69135276
That doesn't explain it, he's saying that the bankers lobbied the government for that deregulation in the first place i.e. that the free market, left to its own devices, changed the rules for itself and lobbied for legislation to make it less free, presumably for the benefit of the banks themselves, or the short term benefit of individuals within them.
>>69136950
The things im describing are not deregulation. They were all things done with good intentions by government. But once again top-down planning of the economy utterly failed. Interestingly, in 2003 there was some chatter that Fannie and Freddie was getting out of control. Of course liberals shut that down by calling people racist (because the loan bubble was starting to expand to low income minorities).
I can't follow your logic.
>the power of the state created a non-free market
>the non-free market collpased as non-free markets tend to do
>free markets are the blame (??????)
The case im making is that ANY government manipulation in the economy will always backfire because of the nature of state power. The problems of lobbiests would go away if the state wasn't willing to manipulate the economy in the first place.
Check out Bastiat's "The Law".
>>69129947
The idea of college loan forgiveness or free state college is beyond bad.
the US is like almost 20 trillion dollars in debt not counting unfunded liabilities like social security and medicare. which are maybe close to 100 trillion.
The generation coming up will basically be debt slaves. Thats the irony of Bernie sanders and his supporters. Its all these young people who don't realize Sanders economic philosophy will balloon US debt even more and make their fate that much worse.
>>69129947
If young people had any sense they would be voting for someone who would seriously cut spending and enforce a strict plan to address paying down the debt. While expanding policies that would promote employment.
Go to a mediocre state college for free. Get a job after college and wind up paying for college every year till you die because your tax bill is like half your yearly income.
Its so fucking stupid.
