If I wanted America to fail

[Walter Powers]

I came across this video about a year ago and I wanted to share it. It's very powerful. It addresses the issue of overregulation and how the sheer quantity of the number of laws being passed is an economic killer, and only benefits wealthy lawyers, lobbyists, chrony politicians, and bureaucrats. America needs to get back to our free market principals that make us who we are before it's too late.

http://www.youtube.com/watch?nomobile=1&v=CZ-4gnNz0vc

[Magical]

This video...
Don't you analyse it?
Don't you HATE the sarcasm DRIPPING out of that guy's face?
Don't you HATE the strawmen flying out of his face every other second?

It addresses no issue. It strawmans.

Please think you post videos of this nature.

http://www.spunk.org/texts/intro/faq/sp001547/secC10.html

http://money.howstuffworks.com/free-market-economy1.htm

[Hyper]

Overregulation at the behest of lobbyists destroying the free market?

Who do lobbyists represent?

[Cygnus]

The US is failing no matter what you do, so don't worry, you can keep compulsively consuming and thinking yourselves superior, in some years the US will go down.

[britishboy]

The US is failing no matter what you do, so don't worry, you can keep compulsively consuming and thinking yourselves superior, in some years the US will go down.

and why is that? the US economy is strengthing...

[Harry Smith]

If anything under regulation was what caused the 2008 banking crisis, especially in Britian. You can't just sit back and hope the storm weathers, Hoover tried it in the 1930's and it didn't help the economy, it was only through FDR stimulus and regulation of banks that the US was able to recover.

It's rather short sighted to assume that a complete free market is perfect

[Zach4110]

If anything under regulation was what caused the 2008 banking crisis, especially in Britian. You can't just sit back and hope the storm weathers, Hoover tried it in the 1930's and it didn't help the economy, it was only through FDR stimulus and regulation of banks that the US was able to recover.

It's rather short sighted to assume that a complete free market is perfect

Under regulation didn't have anything to do with it. The Community Reinvestment Act and malinvestment triggered by the world's central banks caused it. The Great Depression was caused my the Federal Reserve's dramatic increase in the money supply, beginning mostly in 1927. That's why prices didn't fall back then even though productivity was increasing. Hoover doubled government spending during his administration, so he clearly didn't no anything. Something is rather funky about economic statics from the FDR administration. How does an economy grow at 13% per year when the most productive and work-experienced sector is at war? Many consumer goods were simply unavailable. The actual boom didn't occur until 1946, when private production increased 30% per year. This isn't reflected in GDP numbers for some reason.

[Walter Powers]

The US recently went from 4th to 10th on the economic freedom index. That's just sad.

http://www.heritage.org/index/ranking

[Zach4110]

The US recently went from 4th to 10th on the economic freedom index. That's just sad.

http://www.heritage.org/index/ranking

And here's what they had to say:
The United States, with an economic freedom score of 76, has lost ground again in the 2013 Index. Its score is 0.3 point lower than last year, with declines in monetary freedom, business freedom, labor freedom, and fiscal freedom. The U.S. is ranked 2nd out of three countries in the North America region, and its score remains well above the world and regional averages.

Registering a loss of economic freedom for the fifth consecutive year, the U.S. has recorded its lowest Index score since 2000. Dynamic entrepreneurial growth is stifled by ever-more-bloated government and a trend toward cronyism that erodes the rule of law. More than three years after the end of recession in June 2009, the U.S. continues to suffer from policy choices that have led to the slowest recovery in 70 years. Businesses remain in a holding pattern, and unemployment is close to 8 percent. Prospects for greater fiscal freedom are uncertain due to the scheduled expiration of previous cuts in income and payroll taxes and the imposition of new taxes associated with the 2010 health care law.

Restoring the U.S. to a place among the world’s “free” economies will require significant policy reforms, particularly in reducing the size of government, overhauling the tax system, transforming costly entitlement programs, and streamlining regulations.

[Hyper]

Under regulation didn't have anything to do with it. The Community Reinvestment Act and malinvestment triggered by the world's central banks caused it. The Great Depression was caused my the Federal Reserve's dramatic increase in the money supply, beginning mostly in 1927. That's why prices didn't fall back then even though productivity was increasing. Hoover doubled government spending during his administration, so he clearly didn't no anything. Something is rather funky about economic statics from the FDR administration. How does an economy grow at 13% per year when the most productive and work-experienced sector is at war? Many consumer goods were simply unavailable. The actual boom didn't occur until 1946, when private production increased 30% per year. This isn't reflected in GDP numbers for some reason.

The Federal Reserve is not ran or owned by the government.

Also I am 90% (never trust your own memory 100% lol) that the Federal Reserve DECREASED the money supply prior and during the great depression not increased it.

[Zach4110]

The Federal Reserve is not ran or owned by the government.

Also I am 90% (never trust your own memory 100% lol) that the Federal Reserve DECREASED the money supply prior and during the great depression not increased it.

True, but it has a government-backed monopoly on the currency and money supply.

M2 money supply increased from USD 43.7 billion in 1926 to USD 71.2 billion in 1942.

[Hyper]

True, but it has a government-backed monopoly on the currency and money supply.

M2 money supply increased from USD 43.7 billion in 1926 to USD 71.2 billion in 1942.

Yet bills in circulation decreased. Which is a more complex topic than just looking at the M2 supply increasing

What is your statement on the fed being a government backed monopoly supposed to highlight?

As for the Fed causing the depression due to increasing the money supploy prior to 1930 I can't agree with that either. Though I will agree that the Fed caused it ;)

[Zach4110]

Yet bills in circulation decreased. Which is a more complex topic than just looking at the M2 supply increasing

What is your statement on the fed being a government backed monopoly supposed to highlight?

As for the Fed causing the depression due to increasing the money supploy prior to 1930 I can't agree with that either. Though I will agree that the Fed caused it ;)

You are correct, however I tend to look at M2. Guess I didn't notice the actual monetary base.

Well it's a government-backed monopoly, but not part of a government. Sticky situation there, I guess.

[Stronk Serb]

Yes, you can make it economically fail. The same happened to the Soviet Union, it can happen to you. It also happened to many communist states. We have seen in the past that it can happen to capitalist ones. Just wait

[britishboy]

Yes, you can make it economically fail. The same happened to the Soviet Union, it can happen to you. It also happened to many communist states. We have seen in the past that it can happen to capitalist ones. Just wait

actually there economy is strengthening and btw, britian is still awesome after we fell and we was a lot bigger and more powerful than america when we fell, so even if they do fail, they will be fine. and america gets foreign investment sooooo easily its unreal, they wont fail

[tovaris]

Is this how you think? Seriously?
Wery interesting I have to say...

[britishboy]

Is this how you think? Seriously?
Wery interesting I have to say...

who are you addressing, remember when one wants to talk to someone, one should quote them!;) its confusing!:P

[tovaris]

who are you addressing, remember when one wants to talk to someone, one should quote them!;) its confusing!:P

Im adresing the author of this thread afcors, who else.

[britishboy]

Im adresing the author of this thread afcors, who else.

you could say it, I get confused easily:P

[Jasperf]

and why is that? the US economy is strengthing...

But the USA is spending more each year then they earn??

[Jasperf]

I came across this video about a year ago and I wanted to share it. It's very powerful. It addresses the issue of overregulation and how the sheer quantity of the number of laws being passed is an economic killer, and only benefits wealthy lawyers, lobbyists, chrony politicians, and bureaucrats. America needs to get back to our free market principals that make us who we are before it's too late.

http://www.youtube.com/watch?nomobile=1&v=CZ-4gnNz0vc

I agree, America And Americans pride themselfs of the freeness of the USA, whn in reality US isn't even I'm the top 5 freest countries :o

[britishboy]

But the USA is spending more each year then they earn??

dont get me wrong they really need to dowsize and most films are american and they have large international companies, foreign investors come easy to them

[Jasperf]

dont get me wrong they really need to dowsize and most films are american and they have large international companies, foreign investors come easy to them

They are in trillions of dollars of dept :o

[britishboy]

They are in trillions of dollars of dept :o

yeah they spend 1b on defense a day, if they scale back they'll be fine

[tovaris]

yeah they spend 1b on defense a day, if they scale back they'll be fine

With the amount of debt they have so far? I dont think so. They will probably start another war as is their pryctice to get out of it.

[Harry Smith]

With the amount of debt they have so far? I dont think so. They will probably start another war as is their pryctice to get out of it.

You make it sound like America start wars on the toss of a hat.

[tovaris]

You make it sound like America start wars on the toss of a hat.

Wonder why?...?

America start wars on the toss of a hat.

Yes, I am wery whel awere of that fact.

[Harry Smith]

Wonder why?...?



Yes, I am wery whel awere of that fact.

Don't misquote me.

All of America's war have been justified under international law, that's a fact

[tovaris]

Don't misquote me.

All of America's war have been justified under international law, that's a fact

I realy dont want to abuse this thread for this particular argument oets agre to disagree, you folow the propaganda and i wiol do my best to folow and find true facts (gefore you explode after reading this remember the disapearing wepons of mas destructiin).

[Harry Smith]

I realy dont want to abuse this thread for this particular argument oets agre to disagree, you folow the propaganda and i wiol do my best to folow and find true facts (gefore you explode after reading this remember the disapearing wepons of mas destructiin).

Remember article 51 of the united nations charter. They had every right to do it, that's a fact under international law, a legally binding law- all you have is propaganda

[Sugaree]

Don't misquote me.

All of America's war have been justified under international law, that's a fact

Justified under international law is still not a good enough justification to go to war. Moral obligations also must come into play, and in that case, not all of America's wars have been morally justifiable.

[Harry Smith]

Justified under international law is still not a good enough justification to go to war. Moral obligations also must come into play, and in that case, not all of America's wars have been morally justifiable.

I think morals haven't been involved in international diplomacy for the last 100 years, I admit that America's interests have questionable, it just annoys me when people use the excuse that it was an 'illegal war'.

[Magical]

I think morals haven't been involved in international diplomacy for the last 100 years, I admit that America's interests have questionable, it just annoys me when people use the excuse that it was an 'illegal war'.

No one in this thread said the war was illegal.

[LouBerry]

and why is that? the US economy is strengthing...

It's basic knowledge. Every great nation falls. History always repeats it's self.

[britishboy]

It's basic knowledge. Every great nation falls. History always repeats it's self.

it wont fall like you think, it will shrink in size

[LouBerry]

it wont fall like you think, it will shrink in size

Nah, it's going to keep getting worse, we'll probably end up having another civil war, and killing each other off.

[Walter Powers]

Nah, it's going to keep getting worse, we'll probably end up having another civil war, and killing each other off.

My prediction is it will be more of a peaceful regional relocation if something doesn't change, unless of course theres an extreme power grab. Essentially, all the hard workers, businessmen, engineers, and doctors will go to the newly formed Republics of Texas and Alaska, whereas the lazy thugs will go to California, and it will become a third world country. If there is a civil war, they'll be the agressor. Meanwhile, China and Russia will have become the dominant forces of the world.

[LouBerry]

My prediction is it will be more of a peaceful regional relocation if something doesn't change, unless of course theres an extreme power grab. Essentially, all the hard workers, businessmen, engineers, and doctors will go to the newly formed Republics of Texas and Alaska, whereas the lazy thugs will go to California, and it will become a third world country. If there is a civil war, they'll be the agressor. Meanwhile, China and Russia will have become the dominant forces of the world.

I could see that, but I don't know about peaceful. We sure are a hateful bunch.

[Magical]

My prediction is it will be more of a peaceful regional relocation if something doesn't change, unless of course theres an extreme power grab. Essentially, all the hard workers, businessmen, engineers, and doctors will go to the newly formed Republics of Texas and Alaska, whereas the lazy thugs will go to California, and it will become a third world country. If there is a civil war, they'll be the agressor. Meanwhile, China and Russia will have become the dominant forces of the world.

You're being satirical, right?

I do hope you are, because that's not.... It's wrong.

[Capto]

My prediction is it will be more of a peaceful regional relocation if something doesn't change, unless of course theres an extreme power grab. Essentially, all the hard workers, businessmen, engineers, and doctors will go to the newly formed Republics of Texas and Alaska, whereas the lazy thugs will go to California, and it will become a third world country. If there is a civil war, they'll be the agressor. Meanwhile, China and Russia will have become the dominant forces of the world.

That was actually a good joke. Nice one. :)

[pvanhouten]

But the USA is spending more each year then they earn??

You forget that we also help and fund many countries.

[Jasperf]

You forget that we also help and fund many countries.

which is a stupid thing to be doing when your dept amount is larger then your gdp

[Harry Smith]

which is a stupid thing to be doing when your dept amount is larger then your gdp

GDP is the gross domestic product, how much money each person has on average. Most countries tend to debt into the billions so it's not a surprise

[Jasperf]

GDP is the gross domestic product, how much money each person has on average. Most countries tend to debt into the billions so it's not a surprise

USA's gdp is 14 trillion... i doubt on average every american has that hahaha :P
gdp per capita is perhaps what you meant.
Americas dept isnt billions...

[Walter Powers]

GDP is the gross domestic product, how much money each person has on average. Most countries tend to debt into the billions so it's not a surprise

Your incorrect. GDP is the economic output of a jurisdiction in a certain amount of time.GDP per capita is the economic output of the average person. It has nothing to due with assets, or how much money is on hand.

[Harry Smith]

For some reason I confused it with GDP per captia, I'm use to always having to deal with that rather than GDP