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JEROME DA GNOME
BANNED
2418 Posts |
 Posted - 06/18/2007 : 18:42:34 [Permalink]
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This gets funnier and funnier.
Nobel Prize winner---the fed caused the depression
Chairman of the Fed---the Fed caused the depression
High school text---the Fed did NOT cause the depression
Cune and Furshur respond with: I do not understand as it is too complex for me. I choose the high school text.
Silly, Silly.
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What a man believes upon grossly insufficient evidence is an index into his desires -- desires of which he himself is often unconscious. If a man is offered a fact which goes against his instincts, he will scrutinize it closely, and unless the evidence is overwhelming, he will refuse to believe it. If, on the other hand, he is offered something which affords a reason for acting in accordance to his instincts, he will accept it even on the slightest evidence. The origin of myths is explained in this way. - Bertrand Russell |
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Cuneiformist
The Imperfectionist
USA
4955 Posts |
Posted - 06/18/2007 : 18:56:01 [Permalink]
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Originally posted by JEROME DA GNOME
This gets funnier and funnier.
Nobel Prize winner---the fed caused the depression
Chairman of the Fed---the Fed caused the depression
High school text---the Fed did NOT cause the depression
Cune and Furshur respond with: I do not understand as it is too complex for me. I choose the high school text.
Silly, Silly. |
What's hilarious is that you still don't know how to read. You claim that the site i linked to ages ago said that the "Fed did NOT cause the depression" and yet right there-- in high school level English-- it says that the Fed's policies were a factor. So learn how to read and then come back and talk. Maybe instead of brainwashing you, the Soviets just made it so you can't understand a fraking word you read. Silly, silly indeed.
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JEROME DA GNOME
BANNED
2418 Posts |
Posted - 06/18/2007 : 19:31:09 [Permalink]
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Cune, your army of lol can not save you from these quotes.
"I don't think many today would claim that the Federal Reserve is a bad thing."
"It's unclear why it took almost 100 years for this to become a problem"
"even when the evidence you cite is shown to be false."
"if the Federal Reserve is somehow responsible for greater inflation (and I am skeptical"
"I guess we'll have to find some real economists to give an informed position, because that's not the impression I get."
"it seems that the Fed was needed to address some key problems"
"You'd fail high school social studies, I think."
"clearly notes that the Fed had a role in not mitigating the Great Depression."
"Note that Friedman didn't say that the Fed caused the depression."
"it says that the Fed's policies were a factor"
You can not even keep yourself above water. You are so wrong, and I think you know it but you can not bring yourself to admit it.
Please point out where I made claims not backed by facts and confirmed by authority.
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What a man believes upon grossly insufficient evidence is an index into his desires -- desires of which he himself is often unconscious. If a man is offered a fact which goes against his instincts, he will scrutinize it closely, and unless the evidence is overwhelming, he will refuse to believe it. If, on the other hand, he is offered something which affords a reason for acting in accordance to his instincts, he will accept it even on the slightest evidence. The origin of myths is explained in this way. - Bertrand Russell |
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Cuneiformist
The Imperfectionist
USA
4955 Posts |
Posted - 06/18/2007 : 19:52:06 [Permalink]
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 I freely admit that as I've studied the topic, my views on the matter have changed. Indeed, I've gone back and forth! Unlike you, when confronted with new evidence, I'm forced to re-evaluate my position. The facts are that the Depression was caused by myriad factors, not all of which are understood or agreed upon by experts. That the Fed's policies had some role seems to be clear. Also clear is the fact that there were other factors. Also clear is the fact that the Depression wasn't the result of deliberate action taken by nefarious business leaders in an effort to ruin the American economy. But please: maintain that Friedman said that the Fed caused the depression. And then infer that this was some grand plot to ruin the economy so the elites could further us along in our move towards communism. Or whatever your new goalpost-moving plan is. |
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JEROME DA GNOME
BANNED
2418 Posts |
Posted - 06/18/2007 : 20:03:11 [Permalink]
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Originally posted by Cuneiformist
I freely admit that as I've studied the topic, my views on the matter have changed. Indeed, I've gone back and forth! Unlike you, when confronted with new evidence, I'm forced to re-evaluate my position. The facts are that the Depression was caused by myriad factors, not all of which are understood or agreed upon by experts. That the Fed's policies had some role seems to be clear. Also clear is the fact that there were other factors. Also clear is the fact that the Depression wasn't the result of deliberate action taken by nefarious business leaders in an effort to ruin the American economy. But please: maintain that Friedman said that the Fed caused the depression. And then infer that this was some grand plot to ruin the economy so the elites could further us along in our move towards communism. Or whatever your new goalpost-moving plan is.
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Yeaaa, Cune. Almost there; you are hedging a bit.
Could you provide evidence that the lack of money was not the cause of the depression? I have explained that the previous explanations where based on lack of money in circulation.
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What a man believes upon grossly insufficient evidence is an index into his desires -- desires of which he himself is often unconscious. If a man is offered a fact which goes against his instincts, he will scrutinize it closely, and unless the evidence is overwhelming, he will refuse to believe it. If, on the other hand, he is offered something which affords a reason for acting in accordance to his instincts, he will accept it even on the slightest evidence. The origin of myths is explained in this way. - Bertrand Russell |
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Cuneiformist
The Imperfectionist
USA
4955 Posts |
Posted - 06/18/2007 : 20:16:54 [Permalink]
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Originally posted by JEROME DA GNOME
Originally posted by Cuneiformist
I freely admit that as I've studied the topic, my views on the matter have changed. Indeed, I've gone back and forth! Unlike you, when confronted with new evidence, I'm forced to re-evaluate my position. The facts are that the Depression was caused by myriad factors, not all of which are understood or agreed upon by experts. That the Fed's policies had some role seems to be clear. Also clear is the fact that there were other factors. Also clear is the fact that the Depression wasn't the result of deliberate action taken by nefarious business leaders in an effort to ruin the American economy. But please: maintain that Friedman said that the Fed caused the depression. And then infer that this was some grand plot to ruin the economy so the elites could further us along in our move towards communism. Or whatever your new goalpost-moving plan is.
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Yeaaa, Cune. Almost there; you are hedging a bit.
Could you provide evidence that the lack of money was not the cause of the depression? I have explained that the previous explanations where based on lack of money in circulation.
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If, by "hedging" you mean "honestly evaluating evidence and not dismissing arguments as being the result of KGB brainwashing" then yes, I'm hedging. That said, the things I've read in the last few weeks suggests that myriad factors contributed to the Depression. I'm not going to try and prove a negative. Nothing you've "explained" has been at all lucid, coherent, or for that matter to the point. In general, you "explain" things by asking leading questions and changing the subject. |
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JEROME DA GNOME
BANNED
2418 Posts |
Posted - 06/18/2007 : 20:21:52 [Permalink]
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Can you provide evidence that anything outside of lack of money caused the depression?
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What a man believes upon grossly insufficient evidence is an index into his desires -- desires of which he himself is often unconscious. If a man is offered a fact which goes against his instincts, he will scrutinize it closely, and unless the evidence is overwhelming, he will refuse to believe it. If, on the other hand, he is offered something which affords a reason for acting in accordance to his instincts, he will accept it even on the slightest evidence. The origin of myths is explained in this way. - Bertrand Russell |
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Cuneiformist
The Imperfectionist
USA
4955 Posts |
Posted - 06/18/2007 : 20:25:29 [Permalink]
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Originally posted by JEROME DA GNOME
Can you provide evidence that anything outside of lack of money caused the depression? |
Why? If the end result is you claiming that my evidence is false because I've been brainwashed by the KGB, what's the use? Why would I read a book on the topic and summarize the discussion, only to have you move the goalposts, or ignore evidence, or change topics? This is all you do. Why waste my time to entertain you? |
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JEROME DA GNOME
BANNED
2418 Posts |
Posted - 06/18/2007 : 20:33:26 [Permalink]
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I never claimed you were brainwashed. I only presented a KGB agent that claimed soviet Russia brainwashed American society.
You present evidence. I like to examine evidence. That is why I asked the question. Yes, you are entertaining. I presumed you also enjoy this; why else would you do it?
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What a man believes upon grossly insufficient evidence is an index into his desires -- desires of which he himself is often unconscious. If a man is offered a fact which goes against his instincts, he will scrutinize it closely, and unless the evidence is overwhelming, he will refuse to believe it. If, on the other hand, he is offered something which affords a reason for acting in accordance to his instincts, he will accept it even on the slightest evidence. The origin of myths is explained in this way. - Bertrand Russell |
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Cuneiformist
The Imperfectionist
USA
4955 Posts |
Posted - 06/18/2007 : 20:36:59 [Permalink]
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Originally posted by JEROME DA GNOME
I never claimed you were brainwashed. I only presented a KGB agent that claimed soviet Russia brainwashed American society.
You present evidence. I like to examine evidence. That is why I asked the question. Yes, you are entertaining. I presumed you also enjoy this; why else would you do it?
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Oh-- so the Soviet brainwashing only comes up later as an excuse. And you don't "examine" the evidence I present. You dismiss with with goalpost moving and delusional new claims.
And this is only mildly entertaining; once I finish my bourbon and Sprite, this will be decidedly not entertaining, and I can move on.
It would be more entertaining if you actually discussed the evidence and had compelling theories. But you don't. So you just hand wave and introduce new conspiracies. |
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JEROME DA GNOME
BANNED
2418 Posts |
Posted - 06/18/2007 : 20:44:21 [Permalink]
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Please, reread the posts. You will find I respond to evidence presented. If you look, little of my responses are in turn responded to. It is not my fault when evidence does not stand scrutiny and can not be defended.
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What a man believes upon grossly insufficient evidence is an index into his desires -- desires of which he himself is often unconscious. If a man is offered a fact which goes against his instincts, he will scrutinize it closely, and unless the evidence is overwhelming, he will refuse to believe it. If, on the other hand, he is offered something which affords a reason for acting in accordance to his instincts, he will accept it even on the slightest evidence. The origin of myths is explained in this way. - Bertrand Russell |
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Cuneiformist
The Imperfectionist
USA
4955 Posts |
Posted - 06/19/2007 : 04:02:53 [Permalink]
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Originally posted by JEROME DA GNOME
Please, reread the posts. You will find I respond to evidence presented. If you look, little of my responses are in turn responded to. It is not my fault when evidence does not stand scrutiny and can not be defended. |
Your ability to disconnect from reality must be both a blessing and a curse. |
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sickmint79
New Member
24 Posts |
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Cuneiformist
The Imperfectionist
USA
4955 Posts |
Posted - 06/19/2007 : 07:20:29 [Permalink]
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| It's expensive, though! And it seems it's been through some spots. It looks like in ten years, it went from ca. $340 to $650 an ounce, which isn't bad. |
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Cuneiformist
The Imperfectionist
USA
4955 Posts |
Posted - 06/19/2007 : 07:45:54 [Permalink]
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Here's a discussion about the advantages of the Fed, sickmint79. They note:| Despite its imperfections, monetary policy has several advantages over alternative types of policies. |
I still don't know what sorts of policies or alternatives the anti-Fed people might advocate, and only then can there be an adequate evaluation... |
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Federal Reserve Act in 1913
