4 ms·

So much wrong with everything you said. First, the cost of speculative gambles is economic collapse. Such gambles were a root cause of the Great Depression. Sec

So much wrong with everything you said. First, the cost of speculative gambles is economic collapse. Such gambles were a root cause of the Great Depression. Second, how exactly is regulating investment going to cost anybody their job? Think it through. Maintaining the current state of regulation will have an effect now because ... ? It doesn’t make sense. Third, and this is by far the dumbest thing you said, of course the big bad gummint picks up the tab when people lose their jobs, it’s called unemployment! How fortunate you are to live with all of this evil regulation that you can be coddled into thinking that you know better than the generations that came before and put in place these institutions and norms. Libertarianism is a first world disease of entitlement that is only enabled by the stability and prosperity that effective government creates. It’d be so ironic so as to be funny if it weren’t so sad.

conanbatt 9y ago
> First, the cost of speculative gambles is economic collapse. Such gambles were a root cause of the Great Depression A man has earnt a nobel prize of economics by detailing how the federal reserve's money supply policy was the most noticeable trigger of the 1930's economic collapse. But even if you disagreed with that, speculation is definitely not what caused the great depression. - The popular fear of engrossing and forestalling [types of speculative activity outlawed in England] may be compared to the popular terrors and suspicions of witchcraft. The unfortunate wretches accused of this latter crime were not more innocent of the misfortunes imputed to them than those who have been accused of the former - > Second, how exactly is regulating investment going to cost anybody their job? Think it through By restricting investment it lowers wage growth and employment. The rate of investment is maybe the best predictor of productivity increases and wage growth. > Third, and this is by far the dumbest thing you said, of course the big bad gummint picks up the tab when people lose their jobs, it’s called unemployment! Unemployment benefits are paid by the population, not by the government. Government is unable to compensate for its mistakes, because government owns nothing at all. Taxes are the ultimate ninja loan. > How fortunate you are to live with all of this evil regulation that you can be coddled into thinking that you know better than the generations that came before and put in place these institutions and norms. What is unfortunate is to disagree with it and still being obligated to follow it. If you find those kind of regulations upon the action of individuals beneficial, then the only thing you have to do is allow the Libertarians you so despise not follow them, and harm themselves. AFter that you will be able to enjoy your cautious riches and laugh at them, while not incurring any loss and having relative advantages.
- patentatt 9y ago
  Well I hear Somalia is great this time of year and they have very little regulation of oversight to speak of, perhaps you’d feel more liberty there? Or if that’s too warm of a climate for you, there are portions of Antarctica that are accessible most of the year. And I don’t despise libertarians, at all. I used to identify very strongly with both the political party and the philosophy. And then I grew up.

conanbatt 9y ago

> First, the cost of speculative gambles is economic collapse. Such gambles were a root cause of the Great Depression A man has earnt a nobel prize of economics by detailing how the federal reserve's money supply policy was the most noticeable trigger of the 1930's economic collapse. But even if you disagreed with that, speculation is definitely not what caused the great depression. - The popular fear of engrossing and forestalling [types of speculative activity outlawed in England] may be compared to the popular terrors and suspicions of witchcraft. The unfortunate wretches accused of this latter crime were not more innocent of the misfortunes imputed to them than those who have been accused of the former - > Second, how exactly is regulating investment going to cost anybody their job? Think it through By restricting investment it lowers wage growth and employment. The rate of investment is maybe the best predictor of productivity increases and wage growth. > Third, and this is by far the dumbest thing you said, of course the big bad gummint picks up the tab when people lose their jobs, it’s called unemployment! Unemployment benefits are paid by the population, not by the government. Government is unable to compensate for its mistakes, because government owns nothing at all. Taxes are the ultimate ninja loan. > How fortunate you are to live with all of this evil regulation that you can be coddled into thinking that you know better than the generations that came before and put in place these institutions and norms. What is unfortunate is to disagree with it and still being obligated to follow it. If you find those kind of regulations upon the action of individuals beneficial, then the only thing you have to do is allow the Libertarians you so despise not follow them, and harm themselves. AFter that you will be able to enjoy your cautious riches and laugh at them, while not incurring any loss and having relative advantages.

patentatt 9y ago
Well I hear Somalia is great this time of year and they have very little regulation of oversight to speak of, perhaps you’d feel more liberty there? Or if that’s too warm of a climate for you, there are portions of Antarctica that are accessible most of the year. And I don’t despise libertarians, at all. I used to identify very strongly with both the political party and the philosophy. And then I grew up.