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benny22

UNITED STATES


Joined June 28th 2008

Number of Posts:
0

Number of Comments:
13

Karma:
2



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Real Crash
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Recent Comments

Comment by benny22
on Short Selling and Oil Speculation

July 28th 2008 20:58
Actually, I have run businesses and I was successful because I was always looking for ways to increase the purchasing power of my employees while reducing my cost of production. So, I know its a good thing and, as such, should be a goal of economics.

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Comment by benny22
on Short Selling and Oil Speculation

July 28th 2008 01:37
S.L. What seems to bother you the most is that businesses pay for the increased wages, which increases the cost of production on which prices -- to your way of thinking -- are based. So, how 'bout we increase purchasing power without increasing cost of production? If there was a way to do it, would you think that was a good idea.


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Comment by benny22
on Short Selling and Oil Speculation

July 27th 2008 15:51
S.L.... If wages cannot rise faster than prices, then how can there be Progress?

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Comment by benny22
on Short Selling and Oil Speculation

July 27th 2008 05:13
Then do we agree that it would be a good thing for wages to increase faster than prices? That would seem to be a moral perspective, although there are those who believe a widespread, prosperous middle class is undesirable because it is hard to control.

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Comment by benny22
on Short Selling and Oil Speculation

July 27th 2008 04:33
So, why don't we all work for 10 cents an hour -- that should get things booming...

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Comment by benny22
on Blame it on the Poor Mortgage Takers

July 13th 2008 16:16
Howard, explain to Proctor what the "cut and paste" means.

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Comment by benny22
on Blame it on the Poor Mortgage Takers

July 13th 2008 01:43
Ok, Proctor, got ya... and I agree. You hear lots of that sort of talk these days, but you'd hope we might elect people who knew better. That sort of thinking logically emerges from a first principle that we live in a world of limited resources (which fusion empirically disproves). It has long been the first principle at the London School of Economics where economics is defined as "the science of choice in a world of limited resources." And, so, during his 1938 Presidential Address to the Royal Economics Society, Professor Cannon says: "... general unemployment appears when (workers) are asking too much.... [The world] should learn to submit to declines in money income without squealing." (Reference upon request)
Regarding Westphalia, I believe its' principle significance was the codification of the idea of national sovereignty -- Thou Shall Not Meddle in Thy Neighbors' Affairs Just Because You Have a Bigger Army. With the collapse of Bretton Woods, however, economic warfare was effectively sanctioned through floating exchange rates. Thus, in 1975 you might hear a statement like this:
"I believe that we are undergoing a major reorganization of international life at the present time which will result in drastic modifications of the world order system that has prevailed since the Peace of Westphalia in 1648... This reorganization of international life has two principal features -- increased central guidance, and increased roles for nonterritorial actors." (Falk, Richard; A New Paradigm for International Legal Studies: Prospects and Proposals; 'The Yale Law Journal' Vol. 84, No. 5; April, 1975)

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Comment by benny22
on Blame it on the Poor Mortgage Takers

July 11th 2008 23:37
Proctor... I don't get what you're saying. Who's the victim being "blamed by the government?" The homeowners? The banks? Taxpayers?

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Comment by benny22
on Saving the USA from Speculation and Ingnorance

July 9th 2008 01:43
I was an investigative reporter for Cap Cities/ABC News-owned newspapers here -- the Oakland Press in Pontiac, Mich.; the Wilkes-Barre Times-Leader; the Kansas City Star; the Fort Worth Star Telegram. The highlight of my life was getting into a fist fight over Larouche with Chip Berlett in a bar in Flint.
I've been following your work for some time... you sound like me 30 years ago. The ideas cost me my favorite wife. Hopefully, you're a quicker learner.

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Comment by benny22
on Youtube of Zimbabwe Ambassador to the USA

July 8th 2008 12:26
Had the press treated Larouche like any other candidate, he might have been elected President. But the press was intimidated into treating him like a nut case (La La Larouche) -- and I know, I was IN the press for over 30 years, with Cap Cities/ABC News. When I first met him in 1978 I thought to myself: "If what this guy is saying is TRUE, this is the biggest story in the world." But when I wrote stories following his claims, the editors threw them in the can because the New York Times had said he was a nut case and if you tried to defy the East Coast Establishment line you better be prepared to drive a truck for a living, which is what I do today.

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