Australian Politics Forum - the price of money

Frank

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Re: the price of money
Reply #15 - Mar 15^th, 2024 at 3:10pm

thegreatdivide wrote on Mar 15^th, 2024 at 2:54pm:

Frank wrote on Mar 15^th, 2024 at 1:25pm:

freediver wrote on Mar 14^th, 2024 at 5:56pm:

This is not about interest or any other conventional definition. It is an attempt to figure out if TGD means anything at all by what he says, or if he is just some kind of mindless parrot.

Parrot. He doesn't undertsand his own sogans.

If you argue with a madman, it is extremely probable that you will get the worst of it; for in many ways his mind moves all the quicker for not being delayed by the things that go with good judgment. He is not hampered by a sense of humour or by charity, or by the dumb certainties of experience. He is the more logical for losing certain sane affections. Indeed, the common phrase for insanity is in this respect a misleading one. The madman is not the man who has lost his reason. The madman is the man who has lost everything except his reason.
...
Take first the more obvious case of materialism (or MMT). As an explanation of the world, materialism (or MMT) has a sort of insane simplicity. It has just the quality of the madman's argument; we have at once the sense of it covering everything and the sense of it leaving everything out.
Chesterton

TGD understand nothing outside his slogans.
He doesn't understand anything inside his slogans either.

Already refuted on the foundations thread, which you didn't have the nous to reply to. So you sneakily give it another shot here with an identical post....

fraud.. or coward... or dumbo.

Sad in any case...

Chesterton wasn't an economist; and you haven't been able to find the error in Kelton's argument (in the MMT thread).

Refuted above.

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Grappler Truth Teller Feller

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Re: the price of money
Reply #16 - Mar 16^th, 2024 at 12:02am

Price or cost? If it's someone else's money it has no direct cost to you - see government..... though it may have costs in other areas, such as the functioning of economies....

A politician/elected body may feel that since the money to hand is essentially free - it can be disbursed at whim.... however - in doing so they very often forget or fail to see that the ultimate cost of misplacing money at hand falls on everyone - including them personally, through the simple process of that money not yielding up a worthwhile result.

Well may they say Abos take Mount Warning! Because nothing will save the governments that sold it out...................

Apparently the LNP is over-running Labor in the polls in Queersland - meaning Queerslund is well on track to replacing one evil with another.... elitist Labor may well fall next time around in every state and at Commonwealth level, due to its woeful performance in over-riding the will of the people over voices in their heads and similar non-issues, such as their unshakable refusal to confront the transgender disease like Western Europe is, the persecution of police over righteous shootings of armed criminals who have already caused them injury with a weapon, immigration and such - in short - all the 'woke' nonsense.

But what will replace them? The same old lost, elitist and self-serving LNP?

Poor Fellow - My Country! (I started using that book title as a penetrating one liner many years ago now - now it is in use by mainstream political commentators).....

We need a new party of the people, by the people, and for the people, lest democracy perish from this earth ...

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“Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.”
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thegreatdivide

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Re: the price of money
Reply #17 - Mar 16^th, 2024 at 12:16pm

Frank wrote on Mar 15^th, 2024 at 3:10pm:

thegreatdivide wrote on Mar 15^th, 2024 at 2:54pm:

Frank wrote on Mar 15^th, 2024 at 1:25pm:

freediver wrote on Mar 14^th, 2024 at 5:56pm:

This is not about interest or any other conventional definition. It is an attempt to figure out if TGD means anything at all by what he says, or if he is just some kind of mindless parrot.

Parrot. He doesn't undertsand his own sogans.

If you argue with a madman, it is extremely probable that you will get the worst of it; for in many ways his mind moves all the quicker for not being delayed by the things that go with good judgment. He is not hampered by a sense of humour or by charity, or by the dumb certainties of experience. He is the more logical for losing certain sane affections. Indeed, the common phrase for insanity is in this respect a misleading one. The madman is not the man who has lost his reason. The madman is the man who has lost everything except his reason.
...
Take first the more obvious case of materialism (or MMT). As an explanation of the world, materialism (or MMT) has a sort of insane simplicity. It has just the quality of the madman's argument; we have at once the sense of it covering everything and the sense of it leaving everything out.
Chesterton

TGD understand nothing outside his slogans.
He doesn't understand anything inside his slogans either.

Already refuted on the foundations thread, which you didn't have the nous to reply to. So you sneakily give it another shot here with an identical post....

fraud.. or coward... or dumbo.

Sad in any case...

Chesterton wasn't an economist; and you haven't been able to find the error in Kelton's argument (in the MMT thread).

Refuted above.

haha - touche.....but in fact you didn't refute my argument, you just said I was mad, and then quoted some Chesteton on madness as if that proved your point.

Spot the difference?

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thegreatdivide

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Re: the price of money
Reply #18 - Mar 16^th, 2024 at 12:35pm

Grappler Truth Teller Feller wrote on Mar 16^th, 2024 at 12:02am:

Price or cost?

We are talking about the price, meaning "value" of money, but FD is very confused.

Lets' see what you got:

Quote:

If it's someone else's money it has no direct cost to you - see government..... though it may have costs in other areas, such as the functioning of economies....

My money doesn't cost you anything...now there's some insight...

As for functioning economies, they require efficient mobilzation of resources and labour; from which the
'value' of the ecomomy's money is derived, in a fiat system.

Moreover a currency-issuing government doesn't need your money, it needs your labour (either directly in the public sector, or indirectly in the private sector). The mainstream 'government debt' narrative is BS; a currency-issuer doesn't need to borrow.

Quote:

A politician/elected body may feel that since the money to hand is essentially free -

Unlike Chalmers who is "warning " us there will be no"freebies" in the upcoming budget because he has to "pay down debt" (all BS, as noted above).

Quote:

money not yielding up a worthwhile result.

Yes, investment in the right resources is vital.

Quote:

Well may they say Abos take Mount Warning! Because nothing will save the governments that sold it out...................

Nothing to do with the price of money; nor the welfare dependency which is fuelling the cultural outrage of black activists spouting their associated religious BS like "sacred" Mt Warning.

Quote:

Apparently the LNP is over-running Labor in the polls in Queersland - meaning Queerslund is well on track to replacing one evil with another.... elitist Labor may well fall next time around in every state and at Commonwealth level, due to its woeful performance in over-riding the will of the people over voices in their heads and similar non-issues, such as their unshakable refusal to confront the transgender disease like Western Europe is, the persecution of police over righteous shootings of armed criminals who have already caused them injury with a weapon, immigration and such - in short - all the 'woke' nonsense.

But what will replace them? The same old lost, elitist and self-serving LNP?

Probably.

Quote:

Poor Fellow - My Country! (I started using that book title as a penetrating one liner many years ago now - now it is in use by mainstream political commentators).....

It's the mainstream economic commentators who are destroying the country today.

Quote:

We need a new party of the people, by the people, and for the people, lest democracy perish from this earth ...

Only an underdstanding of how money (which is created ex nihilo whether in private banks or the central bank) works will save the people.

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« Last Edit: Mar 16^th, 2024 at 12:46pm by thegreatdivide »

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Grappler Truth Teller Feller

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Re: the price of money
Reply #19 - Mar 16^th, 2024 at 12:46pm

Ah - but my using your money willy-nilly has a social cost.... shall we count the ways?

Give a stone-thrower in Gaza access to an aid shipment and he will eat for a day... give him a job in the distribution network and he will live off the cream for life while supplying the 'revolution' and developing power of his own .... greed is good, no - and that's one person enriched to First World standards .....that, my son, is the secret of getting one's hands on the Treasury with all its luxuriant cash just lying around waiting upon your whim like the good servant to despotism and greed it has become since the heady days of determining one groat was worth five goats... and that is why arseholes of various kinds flock to politics..... easy money on the inside for life....

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« Last Edit: Mar 16^th, 2024 at 12:53pm by Grappler Truth Teller Feller »

“Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.”
― John Adams

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thegreatdivide Gold Member Offline Australian Politics<br /> Posts: 12978 Gender:	Re: the price of money Reply #20 - Mar 16^th, 2024 at 12:59pm Grappler Truth Teller Feller wrote on Mar 16^th, 2024 at 12:46pm: Ah - but my using your money willy-nilly has a social cost.... shall we count the ways? Wrong premise (again...). You CAN'T use my money, unless I give it to you. Have you read my posts at all?
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