Author Topic: Lets elect Bernie Sanders and learn something.  (Read 1019 times)

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Plane

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Lets elect Bernie Sanders and learn something.
« on: March 18, 2016, 10:51:40 PM »
http://www.altarandthrone.com/earth-to-bernie-supporters-scandinavia-has-freer-market-than-us/


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................four of the Scandinavian countries — Sweden, Norway, Denmark, and Iceland — have no minimum wage laws.

Xavier_Onassis

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Re: Lets elect Bernie Sanders and learn something.
« Reply #1 on: March 18, 2016, 11:00:39 PM »
Bernie was an excellent mayor of Burlington. He was willing to compromise and is almost certainly better at making political deals than The Donald, who likes to threaten, bully and defame people. Not to mention rip them off, as he did hie feckless studemts.
"Time flies like an arrow; fruit flies like a banana."

Plane

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Re: Lets elect Bernie Sanders and learn something.
« Reply #2 on: March 18, 2016, 11:31:53 PM »
  So would Bernie Sanders like to deregulate business to be more like Scandinavia or would he like to abolish the Minimum Wage to be more like Scandinavia , or does he think that he can pay for us all to go to college debt free like Scandinavians do , but with the economy carrying much more weight and regulation than they have?

Xavier_Onassis

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Re: Lets elect Bernie Sanders and learn something.
« Reply #3 on: March 19, 2016, 08:57:32 PM »
The plan is to pay for education with a small tax on stock market trades. This would probably mean that there would be fewer minute traders, but that should nopt upset things too much. I might well have the effect of making the market less skittish, and that is a good thing.

Since no president has more than a fraction of the power to impose a complete platform, what he proposes is, like every other candidate, problematical.
It is clear that a post secondary education in 2016 is as necessary as a high school education in the 1960's.

For a rise in employment year after year, it is clear that a small amount of inflation is absolutely necessary. This serves as a cushion against violent swings in the economy, which were common until FDR's reforms in the 1930's This also means that the poor will be 2 or 3% less well off each year, because of this inflation. It is one of the reason the poor get poorer.

If Trump actually believes the patent bullshit that he spews about the economy (that most jobs have been stolen by Mexico and China, and that trade agreements have all been a disaster) , then he will  have a horrible forth two learen learning that his basic beliefs are just nonsense. He might them be smarter to actually understand what is needed.

Bernie and Hilary both understand economics better than Trump and Cruz. I don't know enough about Kasich to judge what he might do.
"Time flies like an arrow; fruit flies like a banana."

Plane

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Re: Lets elect Bernie Sanders and learn something.
« Reply #4 on: March 21, 2016, 10:33:44 PM »
Inflation  is the friend of the working poor.

The retired poor also , as long as COLAs can be had.

Inflations best friend is the guy in deep debt, who has a job, where he can expect a raise when the economy inflates.

I mean me.

Inflation hurts most those holding a lot of cash for long periods.
Who is that?

Big banks in the US and in China?
Mortgage holders?

If the dollar falls a bit , this is an incremental push to hire onshore workers and a loss to offshore competition.

Within reason, inflation can have good effects.
-But it does not take a lot of too much to cancel the good effect, such that the increase in wages becomes just more worthless money and the de facto cancelation of old debts becomes impossible to obtain new loans or unsupportable improvements in interest rates.
 

Xavier_Onassis

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Re: Lets elect Bernie Sanders and learn something.
« Reply #5 on: March 22, 2016, 07:42:19 PM »
Again, a small amount of inflation serves as a cushion against  financial panics, market crashes and such.
Reagan made a big whoop-de-doo about inflation, but there was inflation during every year of his presidency. And, of course, he shut the Hell up about it.
It makes sense to raise wages to match this amount. If we have no inflation, we have a major bust every 6 to 12 years, and people are thrown out of work and eat up their savings.
"Time flies like an arrow; fruit flies like a banana."

Plane

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Re: Lets elect Bernie Sanders and learn something.
« Reply #6 on: March 22, 2016, 08:22:31 PM »
During the Carter administration inflation was high enough to be painful to most of us.

Reagan did what a president could and inflation cooled a bit.

High inflation would help me quite a bit , as I have a large debt, strong inflation would be like a discount.

But if it went to the rates of  inflation that the Confederacy , the Weimar Republic or Zimbabwe suffered all such benefit would disappear in the greater waste of value.