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Why are Asian-Americans so successful in America?

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

Page 42 of 52
  1. Baron Scicluna

    Baron Scicluna Well-Known Member

    I've already acknowledged that, and besides, Tony brought them up.

    Now, since you want to bring up the past, do you want me to bring up the last time I asked you something and you didn't answer? I'll give you a hint: it had to do with another poster and your definition of intellectual honesty.
     
    Baron Scicluna, Oct 25, 2015
    #493
  2. Baron Scicluna

    Baron Scicluna Well-Known Member

    Money that you've been able to earn thanks to the government providing a relatively stable environment compared to many other places in the world.
     
    Baron Scicluna, Oct 25, 2015
    #494
  3. Mr. Sunshine

    Mr. Sunshine Well-Known Member

    How can you post so much with such a stressful job in the sports department?
     
    Mr. Sunshine, Oct 26, 2015
    #495
  4. Baron Scicluna

    Baron Scicluna Well-Known Member

    #dayoff
     
    Baron Scicluna, Oct 26, 2015
    #496
  5. Mr. Sunshine

    Mr. Sunshine Well-Known Member

    You must be off a lot.
     
    Mr. Sunshine, Oct 26, 2015
    #497
  6. da man

    da man Well-Known Member

    Well, why didn't you say so? Well, they can have ALL my money then!

    The government is supposed to work for us, not the other way around.
     
    da man, Oct 26, 2015
    #498
    old_tony and Mr. Sunshine like this.
  7. Baron Scicluna

    Baron Scicluna Well-Known Member

    Like I've said before, I'm damn efficient in doing my work.

    And in case you are wondering, my company does have an Internet usage policy. Which is that as long as it doesn't affect your work, and as long as you're not downloading porn or anything like that, they're fine with people taking short breaks and surfing the Net. I guess you can say it's the modern-day smoke break.
     
    Baron Scicluna, Oct 26, 2015
    #499
  8. Baron Scicluna

    Baron Scicluna Well-Known Member

    And they are working for you. They need tax money in order to do so. How else will they pay for roads, a military to prevent enemy conquerors, stadiums to provide sports to entertain you, and welfare to the poor so they won't invade your home and steal what you have.
     
    Baron Scicluna, Oct 26, 2015
    #500
  9. cranberry

    cranberry Well-Known Member

    The government hasn't been spending enough. There should have been the most massive infrastructure rebuilding in our history, among other longterm investments, these past 5-6 years while money has been cheap. It's going to cost the country more and more to fix that infrastructure as interest rates go up. Fiscal austerity during a downturn slows growth and increases unemployment.
     
    cranberry, Oct 26, 2015
    #501
  10. MisterCreosote

    MisterCreosote Well-Known Member

    This conversation reminds me of the Bernie Sanders drinking game meme floating around now: Every time Sanders mentions a new government program, start chugging someone else's beer!
     
    MisterCreosote, Oct 26, 2015
    #502
    old_tony and Mr. Sunshine like this.
  11. The Big Ragu

    The Big Ragu Moderator Staff Member

    This is the formula you just advocated:

    1) Institute price controls (with appointed money czars) in the interest rate market -- Soviet-style economics 101, because that worked out so well. History and common sense incomprehensibly haven't taught you that you can't simply dictate lower prices to create the nirvana you want -- and not cause shortages and misallocations of resources (in this case, of capital).

    2) Once you have your price controls over interest rates in place, use it to borrow away -- way, way, way beyond anything you would have been able to borrow if market forces set that interest rate and the corresponding risk associated with lending to others.

    3) Run it way past any amount that will ever be paid back -- trillions upon trillions of dollars that now become the focus of everything that gets done, because you have blown bubbles so big that you have no choice except to do more and more manipulation -- whatever it takes -- to hold off the actual market from taking back interest rates. Because when it happens (and price controls have never NOT collapsed a market) the defaults happen and the whole scheme collapses.

    4) But in the mean time, take the borrowed money (or as you called it, "cheap money," which I guess makes sense, because what is cheaper than money you don't actually have?) you created with that kind of statist economic blather and a printing press and spend away. For as long as you can!

    5) Blithely tell the world that there is no price to pay for that kind of playbook -- even with the fucked-up world it has already created in the last 2 decades -- a quasi-permanent economic malaise and bubbles all around us that are perilously close to exploding and making the popped bubble in 2008 look quaint. Not to mention the unfair outcomes -- for example, the wealth disparity -- created by that kind of state-dictated misallocation of capital.

    ******

    You do realize that the politicians who do this to us, do it because they will sell out the future (which has shrunk to T minus 0 -- yet you are still calling for more!) for short-sighted political gain? Nobody actually believes that prosperity isn't a result of actual demand-driven economic activity, but instead it is created by "cheap money" created by interest-rate manipulation. Well, except you apparently, because I believe you posted that with a straight face.

    And only in an Orwellian world does "fiscal austerity" as you seem to define it, mean "living within your means."
     
    The Big Ragu, Oct 26, 2015
    #503
    Mr. Sunshine likes this.
  12. HC

    HC Well-Known Member

    Agreed. Five of my brothers and sisters are First Nations Canadians and they have all struggled. We were raised in the same house with the same educational advantages but when they go out into the world, people just see 'an Indian'. Actually - one of the 5 has not had problems but that may be because his Mom was Caucasian so he doesn't 'look like an Indian'.
     
    HC, Oct 26, 2015
    #504
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