Author Topic: The rationality assumption and analysis  (Read 1183 times)

Offline mmtwice

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The rationality assumption and analysis
« on: March 23, 2019, 03:56:21 AM »
I am an accounting major currently studying economics.  I would like for anyone to critique my assessment, please and thank you.  Let me start by stating truisms followed by a political hypothesis and ending with a question.
truism# 1.  The rationality assumption is the economic precept that people make decisions that only make them better off.
truism# 2.  Current Democrat candidates are advocating for a massive increase in public debt.
truism# 3.  Fiscal policy that increases the national debt (public debt) has the consequence of inflation and higher interest rates.
The reality is that if the U.S. GDP is divided by the current population (approximately $18 trillion divided by approximately 328 million residents) then theoretically every man, woman, and child currently owes about sixty thousand dollars. 
Hypothesis:  Thus, if any voting citizen accepts any political promise that increases the national debt, they are either uninformed as to the consequences, want economic recession and/or instability, or the modern assertion of the rationality assumption no longer applies to many U.S. voters.
Why in the hell should the rest of the nation be subject to either irrationality, economic ignorance, a yearning for irresponsible fiscal proposals, a desire to hurt our economy, or a nefarious combination of these?
"Our Constitution was made only for a moral and religious people. It is wholly inadequate to the government of any other."  John Adams, 1798
"A government big enough to provide everything for you is big enough to take everything away." Paul Harvey, 1952

Offline Solar

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Re: The rationality assumption and analysis
« Reply #1 on: March 23, 2019, 05:57:34 AM »
Wait, are you asking why liberals are so stupid? :biggrin:

Our Founders were brilliant, they understood the Laws of Nature and gods Law, following generations have slowly been taught to dismiss god, and now reject any mention of God, thereby securing their own ignorance over anything having to do with simple common sense or its discussion. 
To some, even the mention of Gods law and the law of nature invokes a complete shutdown of their ability for open dialogue.

There are just some truths that cannot be be broken, and the left has taught the children to reject any mention outright.
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Online supsalemgr

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Re: The rationality assumption and analysis
« Reply #2 on: March 23, 2019, 08:12:30 AM »
I am an accounting major currently studying economics.  I would like for anyone to critique my assessment, please and thank you.  Let me start by stating truisms followed by a political hypothesis and ending with a question.
truism# 1.  The rationality assumption is the economic precept that people make decisions that only make them better off.
truism# 2.  Current Democrat candidates are advocating for a massive increase in public debt.
truism# 3.  Fiscal policy that increases the national debt (public debt) has the consequence of inflation and higher interest rates.
The reality is that if the U.S. GDP is divided by the current population (approximately $18 trillion divided by approximately 328 million residents) then theoretically every man, woman, and child currently owes about sixty thousand dollars. 
Hypothesis:  Thus, if any voting citizen accepts any political promise that increases the national debt, they are either uninformed as to the consequences, want economic recession and/or instability, or the modern assertion of the rationality assumption no longer applies to many U.S. voters.
Why in the hell should the rest of the nation be subject to either irrationality, economic ignorance, a yearning for irresponsible fiscal proposals, a desire to hurt our economy, or a nefarious combination of these?

Welcome to the forum. Based on your post I am thinking you of college age and currently attending. You have found a site inhabited by folks with much life experience. If you choose to stick around you will see a different perspective from what you are exposed to on a daily basis.

Also, to be an effective poster one would must be concise. Run together paragraphs tend to turn potential readers away.
"If you can't run with the big dawgs, stay on the porch!"

Offline Solar

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Re: The rationality assumption and analysis
« Reply #3 on: March 23, 2019, 08:24:27 AM »
Welcome to the forum. Based on your post I am thinking you of college age and currently attending. You have found a site inhabited by folks with much life experience. If you choose to stick around you will see a different perspective from what you are exposed to on a daily basis.

Also, to be an effective poster one would must be concise. Run together paragraphs tend to turn potential readers away.
Though he joined in 2016, for whatever reason, he never really posted until now. He did say in another post he is 40, I think, and pursuing a financial education.
I so far tend to agree with much of what he has to impart, in fact, if he can work on grammatical structure, I see a potential author, full of ideas for our other site. :cool:
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Online supsalemgr

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Re: The rationality assumption and analysis
« Reply #4 on: March 23, 2019, 09:30:57 AM »
Though he joined in 2016, for whatever reason, he never really posted until now. He did say in another post he is 40, I think, and pursuing a financial education.
I so far tend to agree with much of what he has to impart, in fact, if he can work on grammatical structure, I see a potential author, full of ideas for our other site. :cool:

His posts have value and I hope people will read them.
"If you can't run with the big dawgs, stay on the porch!"

Offline Solar

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Re: The rationality assumption and analysis
« Reply #5 on: March 23, 2019, 09:36:32 AM »
His posts have value and I hope people will read them.
Yes, he helps expand subjects most people either have no interest in or are totally ignorant of.
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Offline walkstall

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Re: The rationality assumption and analysis
« Reply #6 on: March 23, 2019, 02:51:29 PM »
Yes, he helps expand subjects most people either have no interest in or are totally ignorant of.

This old fart is enjoying his post.  He is not talking above my head yet. 
A politician thinks of the next election. A statesman, of the next generation.- James Freeman Clarke

Politics is supposed to be the second-oldest profession.  I have come to realize that it bears a very close resemblance to the first.  ~ Ronald Reagan ~

Always remember "Feelings Aren't Facts."

Offline Solar

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Re: The rationality assumption and analysis
« Reply #7 on: March 23, 2019, 02:52:55 PM »
This old fart is enjoying his post.  He is not talking above my head yet.
:lol: :lol: :lol: :lol: :lol:
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Offline walkstall

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Re: The rationality assumption and analysis
« Reply #8 on: March 23, 2019, 03:24:41 PM »
:lol: :lol: :lol: :lol: :lol:


As we were snowed in I got my taxes done today.
A politician thinks of the next election. A statesman, of the next generation.- James Freeman Clarke

Politics is supposed to be the second-oldest profession.  I have come to realize that it bears a very close resemblance to the first.  ~ Ronald Reagan ~

Always remember "Feelings Aren't Facts."

Offline Solar

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Re: The rationality assumption and analysis
« Reply #9 on: March 23, 2019, 03:35:11 PM »

As we were snowed in I got my taxes done today.
:lol: :lol: :lol:
I'm mudded in. As the snow melted, the idiots down the road who only have two wheel drive, tore the shit out of the road, after I spent an entire day fixing it, they came back through as it poured rain and at least 3 vehicles got stuck.
I pulled them out with my tractor, but now the road is about a foot of deep clay mud, and I told them all, it would cost them $75.0 if I have to pull them out again.
Yeah, I'm fuckin pissed to beat Hell, they don't give a shit about anyone but themselves. :glare:
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Offline walkstall

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Re: The rationality assumption and analysis
« Reply #10 on: March 23, 2019, 04:24:42 PM »
:lol: :lol: :lol:
I'm mudded in. As the snow melted, the idiots down the road who only have two wheel drive, tore the shit out of the road, after I spent an entire day fixing it, they came back through as it poured rain and at least 3 vehicles got stuck.
I pulled them out with my tractor, but now the road is about a foot of deep clay mud, and I told them all, it would cost them $75.0 if I have to pull them out again.
Yeah, I'm fuckin pissed to beat Hell, they don't give a shit about anyone but themselves. :glare:

Send them a road maintenance bill. :lol:

A politician thinks of the next election. A statesman, of the next generation.- James Freeman Clarke

Politics is supposed to be the second-oldest profession.  I have come to realize that it bears a very close resemblance to the first.  ~ Ronald Reagan ~

Always remember "Feelings Aren't Facts."

Offline Solar

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Re: The rationality assumption and analysis
« Reply #11 on: March 23, 2019, 05:21:37 PM »
Send them a road maintenance bill. :lol:
All the neighbors are pissed because it's only two houses doing all the damage.
When I bought my land, I had no neighbors. Now I feel like the city invaded the forest, city kids. :glare:
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