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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Tenchusatsu who wrote (750168)	10/29/2013 2:38:35 PM
From: bentway	1 Recommendation Recommended By J_F_Shepard Read Replies (2) \| Respond to of 1574096

"Basically, when times are good, who wants to take bitter medicine?" It's never been put into practice by REPUBLICAN presidents:

To: Tenchusatsu who wrote (750168)	10/29/2013 5:16:41 PM
From: Bilow	Respond to of 1574096

Hi Tenchusatsu; Re: "Basically, when times are good, who wants to take bitter medicine?"; TYes, when times are good, no one sees any cloud on the horizon. And that's why the bitter medicine is never taken in good times. I agree with you on this. However, that does not mean that you should get the patient to take the bitter medicine when it is not needed. Just for the sake of argument, let's assume that, say, putting the US back on a gold standard (or whatever fruitcake deflationary economic idea you prefer) and it doesn't destroy the economy. What makes you believe that your bitter medicine is still going to be in place when the economy is booming again? Why do you think people will remember the reason for the bitter medicine when they never have in the past? It's not only true that people don't take bitter medicine when they're feeling healthy. That's also the time when they quit taking the bitter medicine that got them healthy. And that contributes to the boom. And the boom contributes to the feeling that there is no need for bitter medicine. You can't bind America's future policies to your present desires. Future people will create America's future policies and during boom times, those policies will be the same boom time policies that every Capitalist nation on this planet has created during every boom that has ever existed since Capitalism was invented 500 years ago. You can't fight human nature. It's been tried and it never succeeded before. Why do you think this time will be different? I think of the liberals as being the group that ignores human nature in their political decisions. Why are you ignoring it? What you'd be doing is forcing anti-inflationary medicine on a deflationary patient. Not only is the medicine the exact opposite of what the patient needs now, you have absolutely no way of making the patient take the medicine when he does need it. Absolutely no way. And patients have never taken the medicine when they needed it. Why is it going to be different this time? Capitalist societies go through boom / bust cycles. Nothing you do can change this except that if you semipermanently wreck an economy, it is possible to stay in the bust phase indefinitely. And the way you wreck an economy with deflationary problems is by applying deflationary policies (bitter medicine) to them. -- Carl