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Why are Asian-Americans so successful in America?

Discussion in 'Sports and News' started by YankeeFan, Oct 19, 2015.

Page 43 of 52
  1. doctorquant

    doctorquant Well-Known Member

    Not sure which member of the NQT caucus you were responding to, but for that group "austerity" is simply any instance in which "more" isn't the option chosen.
     
    doctorquant, Oct 26, 2015
    #505
  2. Songbird

    Songbird Well-Known Member

    Greece?
     
    Songbird, Oct 26, 2015
    #506
  3. Dick Whitman

    Dick Whitman Well-Known Member

    What does "NQT" stand for?

    This watering hole needs a house glossary.
     
    Dick Whitman, Oct 26, 2015
    #507
  4. doctorquant

    doctorquant Well-Known Member

    Intelligence
    |
    |
    |
    |
    |
    |
    |
    |\
    |_\____________________ Intellectual Honesty


    Turnips fall just on that slanted line. The area to the left and below that line is the Not Quite Turnip region.

    The NQT region is not technically demarcated by a line. Rather, it's demarcated by a curve that is asymptotic to the vertical axis. But when we are talking about sj.com, the line is sufficiently accurate.
     
    Last edited: Oct 26, 2015
    doctorquant, Oct 26, 2015
    #508
    Mr. Sunshine likes this.
  5. Ace

    Ace Well-Known Member

    So Trump is a dishonest idiot, or at least says stupd, false things?

    N0 wonder he's a shoo-in to be the next president.
     
    Ace, Oct 26, 2015
    #509
  6. doctorquant

    doctorquant Well-Known Member

    Yeah, he's definitely NQT material.
     
    doctorquant, Oct 26, 2015
    #510
  7. The Big Ragu

    The Big Ragu Moderator Staff Member

    Not quite Greece. Greece ceded its independent ability to do what I described when it joined the European Currency Union.

    That said, Greece would never have been been able to pull off its own variation of that act as long as it was able to -- and to as much economic destruction for the country -- if it hadn't signed on to the European Central Bank. So in that regard, it is similar. A major part of the smoke and mirrors that allows a central bank to blow a bubble predicated on endless credit (before it inevitably crashes down) relies on creating false confidence, so lenders get swept up in the endless "cheap money" narrative without worrying about the inevitable crash when the bubble blows too big and pops. Without willing lenders -- people buying your debt -- the jig is up. An independent "Bank of Greece" would have never gotten away with creating that much debt -- Greece was never known for the stewardship of the drachma, to put it charitably -- the same way a European Central Bank that included more prosperous countries (because of demand-driven enterprises) like Germany and the Netherlands enabled it to.
     
    The Big Ragu, Oct 26, 2015
    #511
  8. MisterCreosote

    MisterCreosote Well-Known Member

    The problem with austerity is that it almost always punishes people who had nothing to do with creating the problem in the first place.
     
    MisterCreosote, Oct 26, 2015
    #512
  9. YankeeFan

    YankeeFan Well-Known Member

    The problem with additional spending is that it almost never helps the people it's intended to help.
     
    YankeeFan, Oct 26, 2015
    #513
  10. Mr. Sunshine

    Mr. Sunshine Well-Known Member

    Then it fits squarely into the foundation of liberalism.
     
    Mr. Sunshine, Oct 26, 2015
    #514
    old_tony likes this.
  11. old_tony

    old_tony Well-Known Member

    Cran hasn't noticed that the massive stimulus package of 2009 that created nearly another $1 trillion of debt was supposed to take care of all those infrastructure problems. Somehow, though, most of that money simply went to union coffers.
     
    old_tony, Oct 26, 2015
    #515
  12. MisterCreosote

    MisterCreosote Well-Known Member

    I wouldn't say that. The problems with additional spending is that A) it's almost always a sign that the original spending was completely inefficient, B) it has long-term consequences that no one seems to care about or weigh against the benefits, and C) someone will always think it better spent elsewhere (i.e., to benefit "ME," not "THEM").
     
    MisterCreosote, Oct 26, 2015
    #516
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