I see you are playing the no deeper than one post - clown again. (I removed that sentence in my revision before I saw your post.)
I know of no reason that piezoe would wish to besmirch classical econ. He needs another strawman? It almost seems that everything piezoe does on an economic threads is done to hide FED failures. Below, note the parallels to the FED failures leading up to the 2008 crisis. I call this a piezoe de ré·sis·tance http://www.zerohedge.com/news/2015-...lsons-war-why-entire-20th-century-was-mistake by David Stockman ... Proposition # 7: By turning America overnight into the granary, arsenal and banker of the Entente, the US economy was distorted, bloated and deformed into a giant, but unstable and unsustainable global exporter and creditor. During the war years, for example, US exports increased by 4X and GDP soared from $40 billion to $90 billion. Incomes and land prices soared in the farm belt, and steel, chemical, machinery, munitions and ship construction boomed like never before—–in substantial part because Uncle Sam essentially provided vendor finance to the bankrupt allies in desperate need of both military and civilian goods. Under classic rules, there should have been a nasty correction after the war—-as the world got back to honest money and sound finance. But it didn’t happen because the newly unleashed Fed fueled an incredible boom on Wall Street and a massive junk bond market in foreign loans. In today economic scale, the latter amounted to upwards of $2 trillion and, in effect, kept the war boom in exports and capital spending going right up until 1929. Accordingly, the great collapse of 1929-1932 was not a mysterious failure of capitalism; it was the delayed liquidation of Wilson’s war boom. After the crash, exports and capital spending plunged by 80% when the foreign junk bond binge ended in the face of massive defaults abroad; and that, in turn, led to a traumatic liquidation of industrial inventories and a collapse of credit fueled purchases of consumer durables like refrigerators and autos. The latter, for example, dropped from 5 million to 1.5 million units per year after 1929.
Your best line yet, and the only thing here worth reading. This makes me chuckle: ha ha ha... David Stockman .. during his time as White House budget director or whatever his title was, we went from the World's Largest Creditor Nation to the World's Largest Debtor Nation. That's quite an accomplishment! .. ha ha ha ha. Look up his background for the job sometime , but make sure you are sitting down! Oh, this is too fucking much. I had to come back to this. he was the "Director" of the Office of Management and Budget. He was a fucking Theology student at Harvard. He studied History as an undergraduate. This is just too too much... Hehehehe.. ha ha ha ha ha . Nancy could have done better using her astrologers.
Jack and I were old buddies. I love a lunatic. What's not to like about that. Let's have a cocktail sometime and talk about Hershey's "tomorrow's news today".
I'm only allowed to have a drink in a designated "safe-space". Also the word "cock tail" is very triggering to me, it makes you sound homophobic. If you keep up this behavior I will be forced to report you to President Hillary Clinton.
DECEMBER 2, 2016 Americans' Support for Electoral College Rises Sharply by Art Swift Story Highlights 47% want to keep Electoral College, up from 35% in 2011 Republicans shift decisively in favor of Electoral College Most Americans correctly answer that Hillary Clinton won popular vote WASHINGTON, D.C. -- Americans' support for keeping the Electoral College system for electing presidents has increased sharply. Weeks after the 2016 election, 47% of Americans say they want to keep the Electoral College, while 49% say they want to amend the Constitution to allow for a popular vote for president. In the past, a clear majority favored amending the U.S. Constitution to replace the Electoral College with a popular vote system. Donald Trump secured enough electors in the Electoral College to win the presidency, despite Hillary Clinton winning the popular vote. With Clinton's popular lead total continuing to expand, now at more than 2.5 million votes, there have been persistent calls since Election Day to abolish the Electoral College. Such sentiment has clearly prevailed when Gallup asked this question twice in 2000 -- after George W. Bush won the Electoral College while Al Gore won the popular vote -- in 2004 and in 2011. In each instance, support for a constitutional amendment hovered around 60%. From 1967 through 1980, Gallup asked a slightly different question that also found majority support for an amendment to base the winner on the popular vote. Support for an amendment peaked at 80% in 1968, after Richard Nixon almost lost the popular vote while winning the Electoral College. Ultimately, he wound up winning both by a narrow margin, but this issue demonstrated the possibility of a candidate becoming president without winning the popular vote. In the 1976 election, Jimmy Carter faced a similar situation, though he also won the popular vote and Electoral College. In a poll taken weeks after the election, 73% were in favor of an amendment doing away with the Electoral College. This year, for the first time in the 49 years Gallup has asked about it, less than half of Americans want to replace the Electoral College with a popular vote system. The reason for this shift in opinion is clear: In the aftermath of this year's election, the percentage of Republicans wanting to replace the Electoral College with the popular vote has fallen significantly. Currently, 19% of Republicans and Republican-leaning independents favor basing the winner on the popular vote, down from 49% in October 2004 and 54% in 2011. Democrats and Democratic-leaning independents already widely favored having the popular vote determine the winner and are slightly more likely to do so now than in the past. Most Americans Know Hillary Clinton Won the Popular Vote Because of the divergence of the Electoral College and popular vote, the popular vote is garnering particular attention this year. Two-thirds of Americans correctly name Clinton as the winner of the popular vote, while 15% incorrectly name Trump and 18% say they are unsure. Eighty-five percent of Democrats correctly name Clinton as the winner of the popular vote compared with 56% of Republicans. Winning the National Popular Vote From what you have heard or read, who won the national popular vote this year -- that is, the most votes in the country overall -- Hillary Clinton (or) Donald Trump, or are you unsure? Clinton Trump Unsure % % % National adults 66 15 18 Democrats 85 8 8 Republicans 56 23 20 Independents 59 16 25 GALLUP, NOV 28-29, 2016 Americans' ability to correctly identify the winner is similar to what it was after the disputed 2000 election -- 65% named Gore the popular vote winner, 16% said Bush was and 18% were unsure. The results by party in 2000 were also similar to what they are today. Bottom Line Despite some Democratic elected officials and media pundits calling for intensively studying, if not doing away with, the Electoral College, the country is now sharply divided on the issue. In previous years, Americans preferred amending the U.S. Constitution to abolish the Electoral College, but not in 2016. One possible reason is that Republicans are aware that President-elect Trump would not have won the presidency without winning the Electoral College, and that Republicans possess a state-by-state advantage in this area, at least for now. Also, the popular vote is clearly advantageous to Democrats, who can accumulate big totals in heavily Democratic states such as California. With two-thirds of Congress and two-thirds of states needed to pass this kind of constitutional amendment, it is unlikely the Electoral College is going anywhere. These data are available in Gallup Analytics. Survey Methods Results for this Gallup poll are based on telephone interviews conducted Nov. 28-29, 2016, on the Gallup U.S. Daily survey, with a random sample of 1,021 adults, aged 18 and older, living in all 50 U.S. states and the District of Columbia. For results based on the total sample of national adults, the margin of sampling error is ±4 percentage points at the 95% confidence level. All reported margins of sampling error include computed design effects for weighting. Each sample of national adults includes a minimum quota of 60% cellphone respondents and 40% landline respondents, with additional minimum quotas by time zone within region. Landline and cellular telephone numbers are selected using random-digit-dial methods. View complete question responses and trends. Learn more about how the Gallup U.S. Daily works. http://www.gallup.com/poll/198917/americans-support-electoral-college-rises-sharply.aspx