The Rise And Fall Of America

Discussion in 'Economics' started by triggertrader, Jan 17, 2018.

  1. Humpy


    If there another certainty other than death, it is that the US will make a complete mess over it's foreign affairs.
    Thrashing about bombing people isn't really the right course of action, is it ?
    Wake up guys. Your politicians have blown it. Trillions wasted in the ME. Makes even the bad guys look moderate.
    #161     Jan 24, 2018
  2. Yet the decline continues. The video explains it best. It's brilliant.
    #162     Jan 24, 2018
  3. ???

    #163     Jan 24, 2018
  4. tommcginnis


    Malthus would cheer your opinion, Sig, but ol' Julian Simon

    would simply chuckle his happy chuckle, and then show you the facts.

    #164     Jan 24, 2018
    OddTrader likes this.
  5. tommcginnis


    Dude, you *need* things simple. :wtf:
    #165     Jan 24, 2018
    d08 likes this.
  6. Sig


    I actually don't disagree with Simon, although I admit that like Ehrlich I've had to come around to his point of view (I'm not sure if Ehrlich did come around or was just a good sport paying off his bet). His assertion is that as demand goes up, the price goes up, and that leads to innovation and increased effort at finding more of a commodity so there's never really a shortage, which has generally played out since he wrote the original book. It's especially applicable to pollution and things like renewable energy and efficiency.

    My assertion is much different, I'm simply saying that if the whole world, operating under "Simon's Law" we'll call it, has a steady state growth rate of around 2%, then it's not possible for a China or India to have an average of 6% growth rate forever. The factors Simon lists, as I recall from admittedly a while ago read, apply equally to a China as a U.S. If "Simon's Law" is allowing for 2% growth, and if anything China and India are under-innovating the rest of the world, there's no reason to think they could somehow take advantage of the factors Simon iterates at 3X the rate of the rest of the world. At the point things like pollution and underfunded pension liability, and the rest of the factors the rest of us deal with catch up to them, their grown goes to 2% like everyone else's. And I'd submit we're rapidly approaching that point, although I'll be the first to admit that I'm not expert enough to know exactly when that will be.
    #166     Jan 24, 2018
    OddTrader likes this.
  7. volpri


    My my ...Drew ....(aka pistol pete the regressive) how thou art studied....
    #167     Jan 24, 2018
  8. volpri


    You could use some simplicity. ROFLMAO. Might help your trading! Just think. $$$$$
    #168     Jan 24, 2018
  9. tommcginnis


    Who of us disagrees with *that*?!?

    The USA had been such squeakers for so long, but had built up such physical and intellectual capital, that T.Roosevelt lobbied successfully (I think he was SecNav at the time??) to have the U.S. fleet circumnavigate the globe, just 'showing the flag' over a Great White Fleet. That didn't mean we could grow like that forever, and we didn't. We had a Great Depression from which only the build-up for WWII extricated us. (I mean, Sheeesh! IBM, White-Westinghouse, International Harvester, Singer ("Singer!!!") were all recruited to do triple shifts making M1 Garands for us/allies, and Mosin-Nagants for the Ruskies. THAT's a jobs program for ya.)

    But yeah, the most sigmoidal of growth curves will eventually turn. "No doubt."
    #169     Jan 24, 2018
    OddTrader likes this.
  10. #170     Jan 25, 2018
    tomorton likes this.