Let me clue you in about OWS

[Anonymous]

Anonymous wrote:

TheManWithAUsername wrote:

Anonymous wrote:

TheManWithAUsername wrote:No, as I said, self-centered is morally worse than foolish. If you disagree, I assume you'll tell us why.

But who's defending our generation? I'm just saying they were worse. I haven't heard you defend them, so what's your point?

Our generation built a life on credit card debt, student loans, and easy mortgages, and now we are screaming for the government to fix it for us.

Anonymous wrote:And did we really NOT vote for deficits? An awful lot of us voted for Bush. Maybe not a majority, but close enough to it.

You continue to refuse to adopt an actual point in all of this, and simultaneously refuse to present a reasoned attack on my general principle.

You appear to be one of those many people who thinks that arguments are per se worth having and winning, and that nit-picking constitutes "winning."

My point is that all of us are responsible for our country's current direction, and the people who point to the "other" - whether it is another generation, another race or ethnicity, or another income level - are the problem.

In that way, you are no different from a guy who complains about government welfare (either poor or retirees) but readily takes his household mortgage deduction and does not acknowledge that he is the beneficiary of the same welfare policies that he decries. And who probably has a sizable 401(k) and 529 that grow tax-free.

Look, I don't mean to pick on you personally. But this idea that some other generation screwed up the country, when in fact our entire modern history is one big blame-sharing exercise, is I think beneath you as a poster.

Sorry, but the politics of this nation over the last half-century or so is a direct reflection of the will of Baby Boomers. You can deny the demographics all you want, but they are what they are. The solution to our current recession is largely to inflate our way back to full productivity. We can't do that today (as we did successfully in the late 70s to early 80s because the retirees will not let it happen. Inflation is not an option.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

TheManWithAUsername wrote:

Anonymous wrote:

TheManWithAUsername wrote:No, as I said, self-centered is morally worse than foolish. If you disagree, I assume you'll tell us why.

But who's defending our generation? I'm just saying they were worse. I haven't heard you defend them, so what's your point?

Our generation built a life on credit card debt, student loans, and easy mortgages, and now we are screaming for the government to fix it for us.

Anonymous wrote:And did we really NOT vote for deficits? An awful lot of us voted for Bush. Maybe not a majority, but close enough to it.

You continue to refuse to adopt an actual point in all of this, and simultaneously refuse to present a reasoned attack on my general principle.

You appear to be one of those many people who thinks that arguments are per se worth having and winning, and that nit-picking constitutes "winning."

My point is that all of us are responsible for our country's current direction, and the people who point to the "other" - whether it is another generation, another race or ethnicity, or another income level - are the problem.

In that way, you are no different from a guy who complains about government welfare (either poor or retirees) but readily takes his household mortgage deduction and does not acknowledge that he is the beneficiary of the same welfare policies that he decries. And who probably has a sizable 401(k) and 529 that grow tax-free.

Look, I don't mean to pick on you personally. But this idea that some other generation screwed up the country, when in fact our entire modern history is one big blame-sharing exercise, is I think beneath you as a poster.

Sorry, but the politics of this nation over the last half-century or so is a direct reflection of the will of Baby Boomers. You can deny the demographics all you want, but they are what they are. The solution to our current recession is largely to inflate our way back to full productivity. We can't do that today (as we did successfully in the late 70s to early 80s because the retirees will not let it happen. Inflation is not an option.

OK first of all, I am relieved to see that this is not another post from TheManWithAUsername because I would have lost some respect for you.

Second, do you even realize what you are asking for when you want inflation? Aside from the clusterfuck that it is for an economy, you are asking for EASIER CREDIT. Do you know how we got in this economic mess? Overleveraged families, a good many of whom were in our generation. Next, the inflation of the seventies was unintentional, it was caused by a supply shock and not policy, and it did us NO GOOD. And lastly, do you even know what productivity is??? If you can prove that inflation causes productivity increases, you deserve a nobel prize, because you will have upended the entire field of economics.

[Anonymous]

Inflation of the late 70s was obviously too high. Volcker brought it down by creating a recession. Currently we're looking at inflation of something like 2%. We should be targeting 4%.


A moderate rate of inflation is a good thing. I think we often forget that, and folks like yourself seem to cling to low inflation as though you have nothing else. The best economic times of the past 30 years were the years in the late-1990s when Alan Greenspan let inflation hover around 3 percent before raising interest rates and inaugurating the ensuing 10 thin years.

[Anonymous]

Anonymous wrote:Inflation of the late 70s was obviously too high. Volcker brought it down by creating a recession. Currently we're looking at inflation of something like 2%. We should be targeting 4%.


A moderate rate of inflation is a good thing. I think we often forget that, and folks like yourself seem to cling to low inflation as though you have nothing else. The best economic times of the past 30 years were the years in the late-1990s when Alan Greenspan let inflation hover around 3 percent before raising interest rates and inaugurating the ensuing 10 thin years.

Do you know how you create inflation? Please explain to the group what you are really advocating. Inflation is the effect. What causes it?