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#1
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The late, great Milton Friedman http://www.ideachannel.tv/
in his classic book prophetically revealed how 0baMa0's reckless monetary policies will cause hyperinflation and destroy our nation https://www.newsmaxstore.com/nm_mag/...MO_CODE=7FD4-1 |
#2
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On May 15, 5:27*am, wrote:
The late, great Milton Friedman http://www.ideachannel.tv/ in his classic book prophetically revealed how 0baMa0's reckless monetary policies will cause hyperinflation and destroy our nation https://www.newsmaxstore.com/nm_mag/...MO_CODE=7FD4-1 Milton Freidman coined the phrase "there's no such thing as a free lunch." I live by that phrase. Milton Friedman's other philosophies screwed up several economies. People are worried about hyperinflation http://catalog.usmint.gov/webapp/wcs...category=10191 Production of United States Mint American Eagle Gold Proof and Uncirculated Coins has been temporarily suspended because of unprecedented demand for American Eagle Gold Bullion Coins. Bush's administration more than doubled the money base during his last year in office. Production didn't double, infact the economy was contracting. I wonder where the money is going that we don't already have huge inflation. None the less, I don't blame Obama for this problem. Government spending itself doesn't cause inflation. Inflation is too much money chasing too few goods. If the money isn't chasing the goods there won't be inflation. US productive capacity has been sidelined. It's being dismantled. There isn't enough money in the system to support our production. As long as we are in a global system where other nations do not value their labor our labor will be devalued. There's no free lunch. We are becoming a third world nation. The Reagan era is ending. Milton Friedman was wrong about just about everything except there is no free lunch. |
#3
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On May 15, 6:02*am, Gary Forbis wrote:
On May 15, 5:27*am, wrote: The late, great Milton Friedmanhttp://www.ideachannel.tv/ in his classic book prophetically revealed how 0baMa0's reckless monetary policies will cause hyperinflation and destroy our nation https://www.newsmaxstore.com/nm_mag/...MO_CODE=7FD4-1 Milton Freidman coined the phrase "there's no such thing as a free lunch." I live by that phrase. *Milton Friedman's other philosophies screwed up several economies. *People are worried about hyperinflationhttp://catalog.usmint.gov/webapp/wcs/stores/servlet/CategoryDisplay?c... * *Production of United States Mint American Eagle Gold Proof * *and Uncirculated Coins has been temporarily suspended because * *of unprecedented demand for American Eagle Gold Bullion Coins. Bush's administration more than doubled the money base during his last year in office. *Production didn't double, infact the economy was contracting. *I wonder where the money is going that we don't already have huge inflation. *None the less, I don't blame Obama for this problem. *Government spending itself doesn't cause inflation. Inflation is too much money chasing too few goods. *If the money isn't chasing the goods there won't be inflation. US productive capacity has been sidelined. *It's being dismantled. There isn't enough money in the system to support our production. As long as we are in a global system where other nations do not value their labor our labor will be devalued. *There's no free lunch. We are becoming a third world nation. *The Reagan era is ending. - Milton Friedman was wrong about just about - everything except - there is no free lunch. but, But. BUT ! Prez Obama Promised Us A Free Lunch . . . * Lower Taxes for the Poor * Higher Taxes for the Rich * Free Health Care for All * More {Union} Jobs for Everyone * People Around the World will Love and Respect America Again of Hot Air Sandwiches and Cold Reality Beer ~ RHF |
#4
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On May 15, 9:02*am, Gary Forbis wrote:
On May 15, 5:27*am, wrote: The late, great Milton Friedmanhttp://www.ideachannel.tv/ in his classic book prophetically revealed how 0baMa0's reckless monetary policies will cause hyperinflation and destroy our nation https://www.newsmaxstore.com/nm_mag/...MO_CODE=7FD4-1 Milton Freidman coined the phrase "there's no such thing as a free lunch." I live by that phrase. *Milton Friedman's other philosophies screwed up several economies. *People are worried about But, since it's mostly 19th Century media people who live by such jingo philosophy, rather than modern computer and technology people, that's also why GPS, Digital Terrain Mapping, Holographics, MP3, MPEG, XML, Fiber Optics, Cell Phones, Optical Computers, Distributed Processing, On-Line Publishing, USB, Thermo-Electric Cooling, and Self-Replicating Machines where built for the spoon benders who think there is no such thing as a free lunch hyperinflationhttp://catalog.usmint.gov/webapp/wcs/stores/servlet/CategoryDisplay?c... * *Production of United States Mint American Eagle Gold Proof * *and Uncirculated Coins has been temporarily suspended because * *of unprecedented demand for American Eagle Gold Bullion Coins. Bush's administration more than doubled the money base during his last year in office. *Production didn't double, infact the economy was contracting. *I wonder where the money is going that we don't already have huge inflation. *None the less, I don't blame Obama for this problem. *Government spending itself doesn't cause inflation. Inflation is too much money chasing too few goods. *If the money isn't chasing the goods there won't be inflation. US productive capacity has been sidelined. *It's being dismantled. There isn't enough money in the system to support our production. As long as we are in a global system where other nations do not value their labor our labor will be devalued. *There's no free lunch. We are becoming a third world nation. *The Reagan era is ending. Milton Friedman was wrong about just about everything except there is no free lunch. |
#5
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On May 15, 3:19*pm, "
wrote: On May 15, 9:02*am, Gary Forbis wrote: Milton Freidman coined the phrase "there's no such thing as a free lunch." I live by that phrase. Milton Friedman's other philosophies screwed up several economies. * * But, since it's mostly 19th Century media people who live by such jingo philosophy, rather than modern computer and technology * people, that's also why GPS, Digital Terrain Mapping, Holographics, *MP3, MPEG, XML, Fiber Optics, Cell Phones, * Optical Computers, Distributed Processing, On-Line Publishing, * USB, Thermo-Electric Cooling, and Self-Replicating Machines where built for the spoon benders who think there is no such thing as * a free lunch Even the people building these things know there's no such thing as a free lunch. They use the term enthropy to identify the concept. None the less we still have air conditioners and heat pumps. Some silly people might only have a focus inside their air conditioned room and think "Yup, there is too a free lunch. It's hot out there and cool in here and yet I can make it colder by turning this dial." |
#6
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On May 15, 7:30*pm, Gary Forbis wrote:
On May 15, 3:19*pm, " wrote: On May 15, 9:02*am, Gary Forbis wrote: Milton Freidman coined the phrase "there's no such thing as a free lunch." *I live by that phrase. *Milton Friedman's other philosophies screwed up several economies. * * But, since it's mostly 19th Century media people who live by such * jingo philosophy, rather than modern computer and technology * people, that's also why *GPS, Digital Terrain Mapping, * Holographics, *MP3, MPEG, XML, Fiber Optics, Cell Phones, * Optical Computers, Distributed Processing, On-Line Publishing, * USB, Thermo-Electric Cooling, and Self-Replicating Machines where * built for the spoon benders who think there is no such thing as * a free lunch Even the people building these things know there's no such thing as a free lunch. *They use the term enthropy to identify the concept. But, since that crap from physics, and is 300 years old, it's also why the their Chemists, and the the real engineers work on Thermo-Electric Cooling, Microwave Cooling, C++, Distributed Processing, post Wal-Mart Batteries, Optical Computers, Light Sticks, DVD-rom, CD-rw, USB, HDTV debugging, On-Line Banking, On-Line Shopping, On-Line Publishing, Holography, Autonomous Vehicles, Digital-Terrain Mapping, and GPS for the entropy cranks anyway. None the less we still have air conditioners and heat pumps. *Some silly people might only have a focus inside their air conditioned room and think "Yup, there is too a free lunch. *It's hot out there and cool in here and yet I can make it colder by turning this dial." |
#7
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wrote in message
... ... These new emerging findings are blowing common economic thought out of the water. People are not rational and do not pursue their best interests. They can be and are manipulated against their own economic interests. Case in point, poor people who vote Republican. Jim |
#8
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On May 15, 5:47*pm, "Clave"
wrote: wrote in message ... ... These new emerging findings are blowing common economic thought out of the water. People are not rational and do not pursue their best interests. They can be and are manipulated against their own economic interests. Case in point, poor people who vote Republican. I don't consider that a free lunch. The poor pay heavily for their acts in voting Republican. |
#9
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On May 15, 7:47*pm, "Clave"
wrote: wrote in message ... ... These new emerging findings are blowing common economic thought out of the water. People are not rational and do not pursue their best interests. They can be and are manipulated against their own economic interests. Case in point, poor people who vote Republican. Jim correct. |
#10
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Clave wrote:
wrote in message ... ... These new emerging findings are blowing common economic thought out of the water. People are not rational and do not pursue their best interests. They can be and are manipulated against their own economic interests. Case in point, poor people who vote Republican. Jim .....and Liberals that give house mortgages away with no chance they'll be paid. |
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