Gents,

I got into a friendly debate with my well-educated uncle on economics. Im a free market purist and my uncle is a Keynesian enthusiast. Pretty much, I believe I lost a debate regarding the bailout. I believe and attempted to explain that the bailout ultimately hinders the economy in the long run and that the free market would work itself out. Well, my uncle was very capable of countering with the great depression and the whole new deal fiasco as well as explaining that without government intervention during crises, a depression of that magnitude can't bounce back. He advocated deficit spending saying that it increases GDP and all this other stuff. I say I lost because I was unable to convince him that Free market purism was better than government intervention. Any tips?

If you wanted to talk about the recovery and bailouts from a free market point of view I would bring up the point of the 'moral hazard'. Bailing out wall st and other companies will only encourage the reckless and dangerous behaviour that was happening before the crisis.

Just look up some clips of Ron Paul about the crisis and recovery.

Quote from: redlom xof on October 30, 2012, 06:52:03 PM
If you wanted to talk about the recovery and bailouts from a free market point of view I would bring up the point of the 'moral hazard'. Bailing out wall st and other companies will only encourage the reckless and dangerous behaviour that was happening before the crisis.

Just look up some clips of Ron Paul about the crisis and recovery.

I definitely brought that up, but I was unable to unhinge the fact that keynesian policies have gotten the government out of economic crises

Thomas Sowell explains the Great Depression Thomas Sowell talks about the great depression.

I'm 95 % sure this is the clip where he talks about how government caused/increased the depression. ( I can't watch it atm for this pc doesn't have sound.)

Quote from: For Liberty on October 30, 2012, 06:24:20 PM
Gents,

I got into a friendly debate with my well-educated uncle on economics. Im a free market purist and my uncle is a Keynesian enthusiast. Pretty much, I believe I lost a debate regarding the bailout. I believe and attempted to explain that the bailout ultimately hinders the economy in the long run and that the free market would work itself out. Well, my uncle was very capable of countering with the great depression and the whole new deal fiasco as well as explaining that without government intervention during crises, a depression of that magnitude can't bounce back. He advocated deficit spending saying that it increases GDP and all this other stuff. I say I lost because I was unable to convince him that Free market purism was better than government intervention. Any tips?

If you can't win that debate, then you are probably one of them.

QuoteBailing out wall st and other companies will only encourage the reckless and dangerous behaviour that was happening before the crisis.

Of course that argument would never apply to bailing out General Motors (note the use of the Sarcastica font)

QuoteIf you can't win that debate, then you are probably one of them.

I think I just found my new signature.

Taxed, judging by this comment and others you have made in previous threads, you don't have anything to add to the debate. You just have a one liner that is usually calling someone anti-american, liberal or just stupid. Of course never with any evidence.

Knowing people like liberty, aka Libertarians, they're alot more right wing and pro free markets than you.

You're just a neo-conservative nationalist who roams around trying to find someone you can label a liberal and act hard ass towards. 

Quote from: redlom xof on October 30, 2012, 07:29:00 PM
I think I just found my new signature.

Taxed, judging by this comment and others you have made in previous threads, you don't have anything to add to the debate. You just have a one liner that is usually calling someone anti-american, liberal or just stupid. Of course never with any evidence.

Just liberals, who are anti-American, and most often void of intellect.  I calls it likes I sees it.

Quote
Knowing people like liberty, aka Libertarians, they're alot more right wing and pro free markets than you.

I was a libertarian for a long time.  If a libertarian can't argue the basics of the free market, then they really shouldn't call themselves libertarian.

Quote
You're just a neo-conservative nationalist who roams around trying to find someone you can label a liberal and act hard ass towards.

Go grab a hankey and dry your tears...

Thank you for proving my point.

QuoteIf a libertarian can't argue the basics of the free market, then they really shouldn't call themselves libertarian.

People like you never question if what they believe is wrong or right, never listen to what another person who has a different political point of view. You simply label anyone who isn't identical to you as a liberal or whatever your word of the day is.

You mistake conviction for blind head strong stupidity.

Quote from: redlom xof on October 30, 2012, 07:09:58 PM
Thomas Sowell explains the Great Depression Thomas Sowell talks about the great depression.

I'm 95 % sure this is the clip where he talks about how government caused/increased the depression. ( I can't watch it atm for this pc doesn't have sound.)

Gotta love Sowell. I didnt know that fact about how the market was correcting itself before the huge intervention by FDR. Thanks.

Quote from: redlom xof on October 30, 2012, 07:41:23 PM
Thank you for proving my point.

People like you never question if what they believe is wrong or right, never listen to what another person who has a different political point of view. You simply label anyone who isn't identical to you as a liberal or whatever your word of the day is.

You mistake conviction for blind head strong stupidity.

I'm sorry I see the world differently than you.  Maybe you should try and educate yourself. 

Quote from: redlom xof on October 30, 2012, 07:41:23 PM
Thank you for proving my point.

People like you never question if what they believe is wrong or right, never listen to what another person who has a different political point of view. You simply label anyone who isn't identical to you as a liberal or whatever your word of the day is.

You mistake conviction for blind head strong stupidity.

You would think this forum was conducive to further educating the economic conservative base. That comes with challenging our beliefs sometimes to ensure that we stay sharp. Obviously someone doesn't believe that, but he also is a neoconservative so...

 ahhh god, you're just impossible.

Talk about the bailouts and economic recovery. You run around talking shit all day, you tell us in depth about government and free market forces in responce to economic crisis.

Don't give us some one liner about how much you hate left wing America.

Quote from: For Liberty on October 30, 2012, 07:48:06 PM
You would think this forum was conducive to further educating the economic conservative base. That comes with challenging our beliefs sometimes to ensure that we stay sharp. Obviously someone doesn't believe that, but he also is a neoconservative so...

It does, but you have been pretty firm in your belief that you know what you're talking about.  Now, you show ignorance on a subject that you should be rooted firmly in.

I wouldn't belittle you if you were just some random guy posting, but you have made it clear that you think you know what you're talking about.

Quote from: taxed on October 30, 2012, 07:51:10 PM
It does, but you have been pretty firm in your belief that you know what you're talking about.  Now, you show ignorance on a subject that you should be rooted firmly in.

I wouldn't belittle you if you were just some random guy posting, but you have made it clear that you think you know what you're talking about.

TAXED dont give yourself too much credit, its impossible for you to belittle me. Get over yourself and whenever you want to challenge me on an issue bring it on.  Otherwise shut your big government face up while grown adults speak.