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Author Topic: USURY is it good or bad or neutral ?  (Read 5267 times)
myrkul
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July 09, 2012, 01:04:31 AM
 #61

Interest is the price of time. Very simple.

And the newbie knocks it out of the park! Good definition.

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niemivh
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July 09, 2012, 09:37:12 PM
 #62

Interest is the price of time. Very simple.

Good bad or neutral? For whom? (had to) For the people CHOOSING to do so...it can only be good

*yawn*

Nice rhetoric.  Meanwhile, back in reality, outside the Libertarian Ivory Tower.

http://dealbook.nytimes.com/2012/07/09/british-official-defends-central-banks-role-in-interest-rate-scandal/

I'll keep my politics out of your economics if you keep your economics out of my politics.

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Ragnar17
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July 09, 2012, 10:02:40 PM
 #63

Interest is the price of time. Very simple.

Good bad or neutral? For whom? (had to) For the people CHOOSING to do so...it can only be good

*yawn*

Nice rhetoric.  Meanwhile, back in reality, outside the Libertarian Ivory Tower.

http://dealbook.nytimes.com/2012/07/09/british-official-defends-central-banks-role-in-interest-rate-scandal/


A government can set that rate and causes inefficient economic calculation and then boom! you get a bust (obviously after the boom)

Governments can do whatever they want. They can set rates for all sorts of stuff and they can even set what information is learned even without censorship, but just by paying for certain professors that expand governments beliefs...Maybe thats why all of economics has to do with rationalizing interventionalism instead of doing what its supposed to.
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July 09, 2012, 10:32:16 PM
 #64

Interest is the price of time. Very simple.

Good bad or neutral? For whom? (had to) For the people CHOOSING to do so...it can only be good

*yawn*

Nice rhetoric.  Meanwhile, back in reality, outside the Libertarian Ivory Tower.

http://dealbook.nytimes.com/2012/07/09/british-official-defends-central-banks-role-in-interest-rate-scandal/


A government can set that rate and causes inefficient economic calculation and then boom! you get a bust (obviously after the boom)

Governments can do whatever they want. They can set rates for all sorts of stuff and they can even set what information is learned even without censorship, but just by paying for certain professors that expand governments beliefs...Maybe thats why all of economics has to do with rationalizing interventionalism instead of doing what its supposed to.

Are you using the convenient Milton Friedman definition of "Government" with regard to England's central bank?

That is, that the central bank of England (or the USA for that matter) is private when it's convenient to consider it private and public (governmental) when it is convenient to consider it in that light?  Because that appears to be what you are doing. The main story behind this LIBOR scandal (which is being buried from BoE's involvement) is the cartel of the major banks and the anti competitive agreements they were privy to.

I'll keep my politics out of your economics if you keep your economics out of my politics.

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myrkul
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July 09, 2012, 10:47:21 PM
 #65

Maybe thats why all of economics has to do with rationalizing interventionalism instead of doing what its supposed to.

Certainly all of niemivh's economics does. There are other schools.

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niemivh
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July 10, 2012, 12:07:21 AM
 #66

Maybe thats why all of economics has to do with rationalizing interventionalism instead of doing what its supposed to.

Certainly all of niemivh's economics does. There are other schools.

Har har.  Telling me what I believe again; after you read those books that I cited under "book club" you'll have a closer understanding of what I stand for, although not fully inclusive of what my positions are.  Outside of the areas where government should intervene government should not intervene; it's just that the government we presently have does almost nothing for the public interest so what I'm proposing might seem like a sudden shift, but in historical reality it's largely things that the government has done in the past and should do presently.

To say that "all of Niemivh's economics [rationalizes interventionalism]" isn't even remotely true - once again the litmus test is as I said before: "What further mobilizes the total productive and technological potential of the nation for the advancement, progress, happiness and welfare of the people of this state and the world".  Where the private sector with the present regulatory structure is generating value, progress or otherwise a socially useful function then, great.  Fantastic.  Have at it, hoss.  Enjoy your success, you deserved it.  It's where they insist on parasitizing the public or otherwise promoting something cancerous that I would do what I can to inveigh against it.  Unfortunately in our degraded present condition, that means doing a lot.

I'll keep my politics out of your economics if you keep your economics out of my politics.

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