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Berlin in July 1945 - Probably the best restored film material you'll watch from that time! Ok this is Funny Walking Through 1980s Los Angeles: The City That Reinvented Cool THE ZOMBIES OF AMERICA THE OLDEST PHOTOS OF NEW YORK YOU'VE NEVER SEEN John Rich – Calling Out P. Diddy, TVA Scandal, and Joel Osteen | SRS #232 Capablanca Teaches Us The ONLY Chess Opening You'll Ever Need "How Bruce Springsteen Fooled America" How ancient Rome was excavated in Italy in the 1920s. Unique rare videos and photos. Reagan JOKE On The Homeless The Deleted Wisdom (1776 Report) Sicko Transfaggots video The Englund Gambit Checkmate 20 Minutes Of Black DC Residents Supporting Trump's Federal Takeover! 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"This Is Not What Authoritarianism Looks Like" America Erupts… ICE Raids Takeover The Streets AC/DC- Riff Raff + Go Down [VH1 Uncut, July 5, 1996] Why is Peter Schiff calling Bitcoin a ‘giant cult’ and how does this impact market sentiment? Esso Your Butt Buddy Horseshit jacks off to that shit "The Addled Activist Mind" "Don’t Stop with Harvard" "Does the Biden Cover-Up Have Two Layers?" "Pete Rose, 'Shoeless' Joe Reinstated by MLB, Eligible for HOF" "'Major Breakthrough': Here Are the Details on the China Trade Deal" Freepers Still Love war Parody ... Jump / Trump --- van Halen jump "The Democrat Meltdown Continues" "Yes, We Need Deportations Without Due Process" "Trump's Tariff Play Smart, Strategic, Working" "Leftists Make Desperate Attempt to Discredit Photo of Abrego Garcia's MS-13 Tattoos. Here Are Receipts" "Trump Administration Freezes $2 Billion After Harvard Refuses to Meet Demands"on After Harvard Refuses to Meet Demands "Doctors Committing Insurance Fraud to Conceal Trans Procedures, Texas Children’s Whistleblower Testifies" "Left Using '8647' Symbol for Violence Against Trump, Musk" Status: Not Logged In; Sign In Economy See other Economy Articles Title: A very secret agent Source: A very secret agent URL Source: http://www.atimes.com/atimes/Global_Economy/MG27Dj02.html Published: Jul 27, 2011 Author: Chris Cook Post Date: 2011-07-28 10:16:46 by lucysmom Keywords: Fiat Currency, Fed Created Tax Credit Views: 52958 Comments: 80 There is a charade playing out in Washington at the moment in respect of the completely meaningless "debt ceiling" which the US maintains as a relic from the days of the gold standard. We are told that at the US Treasury's account at the Federal Reserve Bank there will soon be no more taxpayers' dollars, and therefore the Fed will soon be unable to make any more payments or issue any more cheques on behalf of the Treasury. The money has run out. This is nonsense. It is a myth, and moreover it is a myth that Federal Reserve chairman Ben Bernanke exploded in his recent testimony to a US congressional committee. Asia Times">Click for Full Text! Post Comment   Private Reply   Ignore Thread   Top • Page Up • Full Thread • Page Down • Bottom/Latest Begin Trace Mode for Comment # 22. #3. To: Badeye, A K A Stone, hondo68, Fred Mertz, Godwinson, go65, war, no gnu taxes, Skip Intro, ferret mike, jwpegler, brian s, mcgowanjm, Capitalist Eric, Mininggold (#0) The debt ceiling is a myth because there is no need to borrow to finance public expenditure and the creation of public assets. As Ron Paul points out, the Fed - which is ludicrously receiving interest from the Treasury in order to pay it right back again as profit - could actually waive or tear up the US$1.6 trillion Treasury debt it has bought through quantitative easing (QE), and it would make precisely no difference other than to reduce the National Debt at a stroke by that amount. lucysmom  posted on  2011-07-28   10:22:52 ET  Reply   Untrace   Trace   Private Reply   #18. To: lucysmom (#3) "...all of the equations in neoclassical economics are rubbish. The differential equations describe nothing. Economics is not about mathematics, it is about the human being." Sandeep Jaitly The fact that you not only accept such nonsense as truth,but even think it is profound truth says a lot about you. What next,"Engineering ain't about building a safe airplane,it's about the people who fly in the plane. If it gets off the ground."? sneakypete  posted on  2011-07-28   11:28:18 ET  Reply   Untrace   Trace   Private Reply   #22. To: sneakypete (#18) What next,"Engineering ain't about building a safe airplane,it's about the people who fly in the plane. If it gets off the ground."? Economics is one of the "soft" social sciences. It is by definition, about human behavior. Engineering is a "hard" physical science. It is about stuff and how stuff works. Human beings can discover how stuff works and use that information to design lots of products that human beings use, but it isn't about human behavior. lucysmom  posted on  2011-07-28   11:54:34 ET  Reply   Untrace   Trace   Private Reply   Replies to Comment # 22. #25. To: lucysmom (#22) Economics is one of the "soft" social sciences. It is by definition, about human behavior. Engineering is a "hard" physical science. It is about stuff and how stuff works. Human beings can discover how stuff works and use that information to design lots of products that human beings use, but it isn't about human behavior. Engineering is a concrete science, while economics is mainly abstract. Those who can only think concretely will try to redefine it concrete terms. And will generally be disappointed in the results. mininggold  posted on  2011-07-28 11:59:29 ET  Reply   Untrace   Trace   Private Reply   #32. To: lucysmom (#22) (Edited) It is by definition, about human behavior. No,it is about numbers. If it were about human behavior,it would be called sociology. sneakypete  posted on  2011-07-28 14:35:54 ET  Reply   Untrace   Trace   Private Reply   #37. To: lucysmom (#22) Economics is one of the "soft" social sciences. It is by definition, about human behavior. Yeah, I used to say similar things, too... about 20 years ago, before I started to get more educated on the subject. Economics IS about the accurate modeling of human behavior. If you have two products that are priced the same, where one has a higher level of (perceived) quality or utility over the other, than people will pick the one with the higher perceived value. While the field of economics cannot accurately determine the behavior of a single individual, it is extremely useful is predicting aggregate human behavior. Depending on the model used, the accuracy can be quite amazing. In this way, it is a science- as repeatable and useful as one of the "hard" sciences, like mechanical or electronic engineering. And I guarantee you- the field of economics is involved in your life every single day... when you buy a loaf of bread, when you put gas in your car, when you shop on amazon.com or craigslist.org, when you sell your used books at the local bookstore, or when you're sitting on your couch watching TV or listening to the radio... It's all around you, EVERY day... You seem to have this naive belief that economic theory doesn't matter or affect you. And that belief is utterly false. Capitalist Eric  posted on  2011-07-28 16:16:48 ET  Reply   Untrace   Trace   Private Reply   End Trace Mode for Comment # 22. Top • Page Up • Full Thread • Page Down • Bottom/Latest

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