Hi, I'm a Tea Partier revisited

An Xtranormal video about why I'm a Tea Partier. It's the economy.

DC runs on Keynesian macroeconomics:
Fiscal policy is deficit spending (borrowing).
Monetary policy is:
- artificially low interest rates
- printing money from thin air, (inflation, aka quantitative easing)

Booms created with borrowing are followed by recessions which are greater than the booms, because the debt + interest must be paid.

Keynes' fiscal multiplier doesn't exist. It's a logic error. Keynesian macroeconomic policy only works if you ignore the $13.5 Trillion national debt (as of November 2010).

Inflation can't stimulate the economy. The gains of borrowers are offset by the losses of savers and investors. No net gain.

John Maynard Keynes was a quack, accepted by pols, because he told them that spending by politicians isthe best kind of spending.

Some references:
1) The Politically Incorrect Guide to the Great Depression and the New Deal by Robert Murphy
2) FDR's Folly by Jim Powell
3) The Forgotten Man by Amity Schlaes
4) Economics in One Lesson by Henry Hazlitt
5) Planning for Freedom by Ludwig von Mises (anything by von Mises)
6) New Deal or Raw Deal by Burt Folsom
7) Where Keynes Went Wrong by Hunter Lewis

8) Cartels and unions prolonged the Great Depression
www.econ.yale.edu/seminars/echist/eh02/ohanian-021008.pdf

9) Here's How The Community Reinvestment Act Led To The Housing Bubble's Lax Lending by Jim Carney 6-27-09
http://www.businessinsider.com/the-cra-debate-a-users-guide-2009-6

Econ sites:
- http://research.stlouisfed.org/fred2/series/GDPA
- http://research.stlouisfed.org/fred2/series/FYGFD
- http://research.stlouisfed.org/fred2/series/HSTCMDODNS
- http://www.treasurydirect.gov/NP/BPDLogin?application=np
- http://www.clevelandfed.org/research/data/credit_easing/index.cfm
-http://www.treasurydirect.gov/govt/reports/ir/ir_expense.htm

- On foxbusiness.com, Elizabeth MacDonald's EMAC's Stock Watch is always good. It's not actually about stocks. Very good stuff about the latest gov't boondoggles, etc.
http://www.foxbusiness.com/markets/stocks-bonds/index.html?CMP=KNC-G-Blogs&am...

Obamacare:
10)Budget Perspective: The Real Deficit Effect of the Health Bill 3-18-10
http://www.budget.senate.gov/republican/pressarchive/2010-03-18BudgetPerspect...

11) A picture can be worth 2,000 pages
By: Michael Barone
http://www.washingtonexaminer.com/opinion/blogs/beltway-confidential/A-pictur...

Medicare
- http://www.ssa.gov/OACT/TRSUM/index.html

Climate Change, too numerous to list. Beware of wikipedia because a climate change evangelist has been editing the posts to make them politically correct. Some of the stuff from the UN's International Panel on Climate Change shows their bias, but it is very boring reading.

12) GLOBAL WARMING AND GREENHOUSE GASES
http://facta.junis.ni.ac.rs/phat/pcat2006/pcat2006-05.pdf
"Under the UNFCCC, the definition of climate
change is "a change of climate which is attributed
directly or indirectly to human activity that alters
the composition of the global atmosphere and
which is in addition to natural climate variability
observed over comparable time periods."

13) Changes in Atmospheric Constituents and in Radiative Forcing
http://www.ipcc.ch/pdf/assessment-report/ar4/wg1/ar4-wg1-chapter2.pdf
"For the purposes of this chapter,
these 'boundary conditions' are assumed to be
invariant and forcing agent changes are considered
to be external to the climate system. The natural
RFs considered are solar changes and volcanoes;
the other RF agents are all attributed to humans."

14) Alternatives to Traditional Transportation Fuels 1994
Volume 2
Greenhouse Gas Emissions
http://www.eia.doe.gov/cneaf/alternate/page/environment/appd_d.html
[this page shows that if all CO2 is removed, 88% of heat trapping remains in the atmosphere]

15) http://www.epa.gov/climate/climatechange/emissions/downloads/ghg_gwp.pdf

"1. Introduction"
"Water Vapor (H2O). Overall, the most abundant and dominant greenhouse gas in the atmosphere is water vapor. Water vapor is neither long-lived nor well mixed in the atmosphere, varying spatially from 0 to 2 percent (IPCC 1996). "
---
16) http://www.gcrio.org/ipcc/qa/09.html
Why Do Human-made Greenhouse Gases Matter When Water Vapor Is the Most Potent Greenhouse Gas? [from 1997]
"However, just because water vapor is the most important gas in creating the natural greenhouse effect does not mean that human- made greenhouse gases are unimportant."

Category:

Film & Animation

Tags:

• xtranormal
• tea
• party
• partier
• Hi
• I'm a Tea Partier
• cartoon
• bears
• global
• warming
• climate
• change
• keynesian
• economics
• central
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• Keynes
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• mr
• tugwit
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• ron paul
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• quantitative
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• soviet
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• national
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• debt
• Global Warming

[xr4ticlone]

@NearAbbeyRoad LOL...gains on land are free? That is the funniest / stupidest thing I've heard in a while. 1st you have continual property taxes. 2nd, upon sale you have capital gains taxes. Most property appreciation happens over time. In many cases the property taxes alone could more than wipe out any real gains...but of course they are not calculated into cost basis...nor is inflation. If it's such a great deal go buy raw land.

[MrTugwit]

@NearAbbeyRoad I don't care about George or Harrison. And I think the USSR failed for other reasons. But you seem to just repeatedly state all these wild claims about greed and booms and busts as fact, without backing it up. I think I am tired of you. Good bye :)

[MrTugwit]

@NearAbbeyRoad Now LVT prevents greed from occurring? Now we can be free of greed, for the first time in history, except before the industrial revolution or whenever you said was the time when there was only tax on land and there was no greed. And you're back to the LVT stops booms and busts nonsense again, without addressing the causes of booms and busts that I mentioned. And now LVT is massive. So?

[MrTugwit]

@NearAbbeyRoad  I think that it's best that you not tell me what to do, especially when it' s baloney :)

[NearAbbeyRoad]

@MrTugwit

"And I don't care about Henry George or Fred Harrison."

Did you look at the Fred Harrison Youtube vid? About US Ghosts towns? How they came about and how it can be eliminated, inc booms & busts?

Fred with nobel prize winner Bill Vickry, Hudson, etc went to Russia to advise Gorbachev on how to change the Soviet system. They pleaded with him to not sell off land and lease it out as in Hong Kong. When fool Yelskin got in he sold it all off. Look at the shambles left behind.

[NearAbbeyRoad]

@MrTugwit

What stops greed is mechanisms that prevent greed from occurring. Speculation causes greed - lots of very fast money. LVT stops that in vital LAND. Play around with LAND and you create crashes. Of course controls and regulations in the finance industry need implementing as the wreckage of the crash revealed.

LVT STOP BOOMS & BUSTS!!

It is clear you know nothing of LVT and Geoism. It is massive, especially in the USA. Look at the Fred Harrison videos, you have everything to gain.

[NearAbbeyRoad]

@MrTugwit

gains on land are tax free, or very little tax, hence why they poured debt after debt into land.

Your ignorance of economics is all too clear. You want a free-market and Geoism/LVT gives that. You have never heard of Henry George, who wrote one of the biggest selling books ever on economics, and do not want to know.

It is best you drop this Tea Party thing and go to real proven economics that will give you what you want. First get to know Henry George, LVT, etc - everything to gain

[MrTugwit]

@NearAbbeyRoad Ah yes. You said the land was "tax free" ... but it wasn't tax free. And I don't care about Henry George or Fred Harrison. And I don't do what you tell me :) And I understand that your scheme doesn't stop greed, prevent social ills, prevent booms and busts, or address any of the boom/bust causes I mentioned. And why should I go away? This seems to be my page :D

[NearAbbeyRoad]

@MrTugwit

The 1929 & 2007 crashed were land fuelled.LVT prevents that. Get it?

You have never heard of Henry George for God's sake!

Did you look at the Fred Harrison Youtube vids I told you look at?

You clearly did not understand something so fundamentally simple.

If you had brains you would go away and find out and not write tripe on some misguided Tea Party cartoons.

[MrTugwit]

@NearAbbeyRoad  But perhaps I have the sense to see that you claim LVT stops greed, and prevents social ills, but did not cure those in times when you say it was the only tax. And that it does not address any of the problems I mentioned, when you say it will prevent booms and busts. But lucky for you, you are in England and and have no Tea Party to worry about. So make a video and become Prime Minister :)