What should be done about the economy?
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5:58
Q&A #2 Part 2by shanedk3,996 views- 10:36
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The only way we'll get any of this to happen is by electing Ron Paul. Right now the lunatics are running the asylum.
jjenson2006 1 month ago
@shanedk Thank you very much Shanedk :)
ForeverComplaining 1 month ago
@ForeverComplaining @ForeverComplaining There is one man--Lee Wrights--who's making a go of it, and he needs all the support he can get to gain the Libertarian nomination and make a big splash in the election.
wrights2012DOTcom
shanedk 1 month ago
@shanedk Keep up the good work your arguments are excellent, If only people like would bloody get up and run for president (which isn't as easy as it seems as it costs a fortune). You truely would made America a world power and land of the free.
ForeverComplaining 1 month ago in playlist Economic Basics
@shanedk
The target was calculated by the fed using Friedman's formulas among other things (taylor rule etc.)
The Fed doesn't just go out and announce the target rate nor does it publish it in a journal, it's more of word of mouth thing which is mentioned by things like Brookings.
So why wasn't unemployment below 4% prior to the crisis?
AndroidPolitician 6 months ago
@AndroidPolitician Shifting the goalposts AGAIN!!! You have NO HONESTY in you whatsoever. I'm talking about your bogus 4% claim!
shanedk 6 months ago
@shanedk
Are you intentionally being stupid? The natural rate was literally invented by Friedman. If you want the first paper it's
"The Role of Monetary Policy". American Economic Review (American Economic Association) 58: 1–17.
So why wasn't unemployment below 4% prior to the crisis?
AndroidPolitician 6 months ago
@AndroidPolitician Yeah, because "the work of Milton Friedman" is NOT a citation, and I've READ the work of Milton Friedman and HE NEVER SAID THAT.
Whereas I gave you TWO citations. And the only thing you could come back with is argumentum ad populum.
shanedk 6 months ago