I just cannot stand when people try to argue about the economy

[151]

because common sense can get you pretty far when dealing with money.

 

[IanMacQuaide]

Quote from Sky123987:

I just cannot stand this...

I was listening to the radio, and the radio host was trying to tell everyone why the bailout is horrible for the US economy.

it's just like someone having no training in the medical field arguing w/ a doctor about what is the best way to perform a brain operation.

Why is this idiot, who probably has no education in economics, probably only high school math skills trying to argue and convince people something he has absolutely no right to argue about.

This is how we end up getting losers like george bush in office, because we base our opinions on emotion rather than fact.

Barack Obama is "in office", not George Bush.

 

[pspr]

I think Sky just put up this thread to see who would bite!

Chomp

 

[Sky123987]

Quote from pspr:

I think Sky just put up this thread to see who would bite!

Chomp

lol

 

[Sky123987]

Quote from S2007S:

You don't need any kind of degree to realize that this bailout is pretty much useless in this crisis. You do not spend your way out of a recession.

then maybe we should have people from elitetrader make the economic decisions of the federal government

 

[BSAM]

"I just cannot stand when people try to argue about the economy"


Well then, just sit.

 

[aegis]

Quote from Sky123987:

I just cannot stand this...

I was listening to the radio, and the radio host was trying to tell everyone why the bailout is horrible for the US economy.

it's just like someone having no training in the medical field arguing w/ a doctor about what is the best way to perform a brain operation.

Why is this idiot, who probably has no education in economics, probably only high school math skills trying to argue and convince people something he has absolutely no right to argue about.

This is how we end up getting losers like george bush in office, because we base our opinions on emotion rather than fact.

Yah, because those "university trained" professors sure know what they're doing. They're the only ones who seem to have a complete understanding of the situation.

As a previous poster stated, economics is not a hard science and cannot be compared to medicine.

 

[scriabinop23]

Quote from aegis:

Yah, because those "university trained" professors sure know what they're doing. They're the only ones who seem to have a complete understanding of the situation.

As a previous poster stated, economics is not a hard science and cannot be compared to medicine.

Try to find a university professor who can tell you how to control the effective credit multiplier in our banking system.. (not simply set the maximum multiplier)

Hard science or not, no one out there can even answer that question in a manner that will relate to a practical solution without absurd unintended consequences. And thus, we are in a quandary.

We're flying blind in a system we don't have full grasp over. Thus it becomes understandable how discussions about the economy can have a lot in common with ones about religion.

 

[151]

Quote from scriabinop23:

Try to find a university professor who can tell you how to control the effective credit multiplier in our banking system.. (not simply set the maximum multiplier)

Hard science or not, no one out there can even answer that question in a manner that will relate to a practical solution without absurd unintended consequences. And thus, we are in a quandary.

We're flying blind in a system we don't have full grasp over. Thus it becomes understandable how discussions about the economy can have a lot in common with ones about religion.

Yeah, what he said.