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To: Olog-hai

Dammit we need more cooling so we can’t grow food! GLobullsh!t Warming that is cooling but really warming is real....in a computer program....that lobs who get government funding program! Hey stop looking outside! We are lib scientists and we are right about everything we are wrong on!


16 posted on 02/08/2019 7:49:46 PM PST by Bommer (Help 2ndDivisionVet - https://www.gofundme.com/mvc.php?route=category&term=married-recent-amputecan')
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To: Bommer
we need more cooling so we can’t grow food!
Rush has been complaining that “we can’t afford it” challenges to socialism fall on deaf ears. IMHO that’s because naive people think that dollars are magic. Got a problem? Just print more dollars!

Reality is, of course, that monetary numbers represent reality in a highly nonlinear way - dollars represent reality if and only if the supply of dollars does not accelerate. At least, not very fast and not very long.

The naive socialist “Philips Curve” theory tries to associate economic activity with the number of dollars extant, but if you try to plot the Philips curve with real data you get a shotgun pattern. They would have a lot more success, IMHO, if they plotted economic activity against the rate of increase of the money supply. Or, perhaps more likely, the acceleration thereof.

Problem being, socialists can increase the dollar supply a lot, but the chickens come home to roost when the supply of dollars outruns the supply of goods and services dramatically enough. That happened during the Carter Administration, having gotten its start under Nixon (and, really, his Democrat Congress). The result is that dollar-denominated prices are an order of magnitude higher now than they were in the 1950s. Late or soon, sanity - and stability in the dollar supply - prevail.

Our problem is all the voters under the age of 50 who have no memory of the Carter Stagflation.

It is acquired wisdom and experience only that teach incredulity, and they very seldom teach it enough. — Adam Smith

30 posted on 02/09/2019 12:44:42 PM PST by conservatism_IS_compassion (Socialism is cynicism directed towards society and - correspondingly - naivete towards government.)
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