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  • Re: Wasn't Jimmy Carter's stagflation his downfall ?!

    From 24k.305@21:1/5 to Relf on Tue Aug 15 23:43:09 2023
    XPost: talk.politics.misc, talk.politics, alt.fan.rush-limbaugh
    XPost: alt.politics.usa

    On 8/7/23 12:47 AM, Relf wrote:
    You (Swilly) replied ( to me ):
    Joe Biden's inflation tax takes housing from the poorest.

    Your rent went up and it's the President's fault ?

    Joe Biden's inflation hasn't taxed the homeless ?!

    Wasn't Jimmy Carter's stagflation his downfall ?!

    "StagFlation" was gonna happen anyway. The real
    problem was Carter's "fix" for it - big wage/price
    freezes and such which totally trashed any self-
    corrections The Marketplace could offer.

    Was watching something on CSPAN the other day, the
    Calvin Coolidge Society or something. Good commentary.
    Kinda covered the Wilson/Coolidge/Hoover era.

    It was noted that Hoover is generally blamed for the
    Great Depression. That's only indirectly true. There
    WAS gonna be a recession, stocks and a lot of other
    things were over-priced, over-leveraged, and all
    bought on credit (sound familiar ?). A market dip,
    was inevitable. Alas Hoover went nuts with federal
    "fixes" to try and prevent it - thus making it
    LOTS worse.

    In short, it's not that Hoover "did nothing" as
    detractors claim, but that he did TOO MUCH. Hey,
    he'd just started his term and wanted to get
    re-elected ... and a big recession would look
    BAD. He wanted a quick-fix.

    Carter, also, did TOO MUCH and it turned into a
    clusterfuck. USUALLY, things in the Marketplace
    will fix themselves pretty quick - UNLESS some
    dink tries to micro-manage it all .....

    Oh, also noted in that lecture - that the span
    from 1918-1929 probably represented the most
    "change", social and especially tech, in the
    history of the world. 12 years changed everything.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Max Boot@21:1/5 to All on Tue Aug 15 21:03:55 2023
    XPost: talk.politics.misc, talk.politics, alt.fan.rush-limbaugh
    XPost: alt.politics.usa

    On 8/15/2023 8:43 PM, 24k.305 wrote:
    On 8/7/23 12:47 AM, Relf wrote:
    You (Swilly) replied ( to me ):
    Joe Biden's inflation tax takes housing from the poorest.

    Your rent went up and it's the President's fault ?

    Joe Biden's inflation hasn't taxed the homeless ?!

    Wasn't Jimmy Carter's stagflation his downfall ?!

      "StagFlation" was gonna happen anyway. The real
      problem was Carter's "fix" for it - big wage/price
      freezes and such which totally trashed any self-
      corrections The Marketplace could offer.

    This is a lie. "Stagflation" was already occurring when Carter took office, and
    there were *no* "wave/price freezes" imposed by the Carter administration.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From 24k.305@21:1/5 to Max Boot on Wed Aug 16 00:57:52 2023
    XPost: talk.politics.misc, talk.politics, alt.fan.rush-limbaugh
    XPost: alt.politics.usa

    On 8/16/23 12:03 AM, Max Boot wrote:
    On 8/15/2023 8:43 PM, 24k.305 wrote:
    On 8/7/23 12:47 AM, Relf wrote:
    You (Swilly) replied ( to me ):
    Joe Biden's inflation tax takes housing from the poorest.

    Your rent went up and it's the President's fault ?

    Joe Biden's inflation hasn't taxed the homeless ?!

    Wasn't Jimmy Carter's stagflation his downfall ?!

       "StagFlation" was gonna happen anyway. The real
       problem was Carter's "fix" for it - big wage/price
       freezes and such which totally trashed any self-
       corrections The Marketplace could offer.

    This is a lie.  "Stagflation" was already occurring when Carter took
    office, and there were *no* "wave/price freezes" imposed by the Carter administration.


    Go back to your original universe. Carter is BEST KNOWN
    (and despised) for his "Wage/Price Freeze" program - and
    the damage it did.

    Wait, how come I forgot to plonk yer commie-ass posts ?
    Bad as the NAZI fucks. Easily fixed.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Max Boot@21:1/5 to All on Tue Aug 15 22:02:51 2023
    XPost: talk.politics.misc, talk.politics, alt.fan.rush-limbaugh
    XPost: alt.politics.usa

    On 8/15/2023 9:57 PM, 24k.305 wrote:
    On 8/16/23 12:03 AM, Max Boot wrote:
    On 8/15/2023 8:43 PM, 24k.305 wrote:
    On 8/7/23 12:47 AM, Relf wrote:
    You (Swilly) replied ( to me ):
    Joe Biden's inflation tax takes housing from the poorest.

    Your rent went up and it's the President's fault ?

    Joe Biden's inflation hasn't taxed the homeless ?!

    Wasn't Jimmy Carter's stagflation his downfall ?!

       "StagFlation" was gonna happen anyway. The real
       problem was Carter's "fix" for it - big wage/price
       freezes and such which totally trashed any self-
       corrections The Marketplace could offer.

    This is a lie.  "Stagflation" was already occurring when Carter took office,
    and there were *no* "wave/price freezes" imposed by the Carter administration.


      Go back to your original universe. Carter is BEST KNOWN
      (and despised) for his "Wage/Price Freeze" program

    No. That's a lie. He *had* no such program. You are making shit up.

    Nixon, on the other hand, really did impose *binding* wage and price controls in
    1971. But Carter never did. You are a liar.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Governor Swill@21:1/5 to 24k304@bfxw8.net on Wed Aug 16 05:42:50 2023
    XPost: talk.politics.misc, talk.politics, alt.fan.rush-limbaugh
    XPost: alt.politics.usa

    On Tue, 15 Aug 2023 23:43:09 -0400, "24k.305" <24k304@bfxw8.net> wrote:

    On 8/7/23 12:47 AM, Relf wrote:
    You (Swilly) replied ( to me ):
    Joe Biden's inflation tax takes housing from the poorest.

    Your rent went up and it's the President's fault ?

    Joe Biden's inflation hasn't taxed the homeless ?!

    Wasn't Jimmy Carter's stagflation his downfall ?!

    "StagFlation" was gonna happen anyway. The real
    problem was Carter's "fix" for it - big wage/price
    freezes and such which totally trashed any self-
    corrections The Marketplace could offer.

    Um, that was Nixon's solution and it failed. Carter's solution was to raise interest
    rates. The prime rate reached double digits before inflation collapsed following an oil
    price collapse in the mid eighties.

    Was watching something on CSPAN the other day, the
    Calvin Coolidge Society or something. Good commentary.
    Kinda covered the Wilson/Coolidge/Hoover era.

    It was noted that Hoover is generally blamed for the
    Great Depression. That's only indirectly true. There
    WAS gonna be a recession, stocks and a lot of other
    things were over-priced, over-leveraged, and all
    bought on credit (sound familiar ?). A market dip,
    was inevitable. Alas Hoover went nuts with federal
    "fixes" to try and prevent it - thus making it
    LOTS worse.

    Coolidge's policies were the biggest government contributor to the crash.

    In short, it's not that Hoover "did nothing" as
    detractors claim, but that he did TOO MUCH. Hey,
    he'd just started his term and wanted to get
    re-elected ... and a big recession would look
    BAD. He wanted a quick-fix.

    Wrong. He didn't do enough early enough. By the time the economy bottomed out, Hoover
    was having trouble getting permission for relief from Congress. This is why over the
    cycles of 1930 and 1932 his party lost the Congress and were sixty years getting it back.

    Carter, also, did TOO MUCH and it turned into a
    clusterfuck. USUALLY, things in the Marketplace
    will fix themselves pretty quick - UNLESS some
    dink tries to micro-manage it all .....

    Carter didn't actually get anything done at all. Nixon had pooched the dollar long before
    and the repeated oil shocks continued to keep the economy off balance.

    High interest rates and collapsing oil prices in mid decade fixed the economy and it
    boomed from then until Republican policies collapsed the economy and even the banking
    system in 2007-2009.

    Oh, also noted in that lecture - that the span
    from 1918-1929 probably represented the most
    "change", social and especially tech, in the
    history of the world. 12 years changed everything.

    Modern consumerism and consumer debt as we understand them today appeared in the 1920s.

    Swill
    --
    "The Democrats are the party that says government will make you smarter, taller,
    richer, and remove the crabgrass on your lawn. The Republicans are the party that
    says government doesn't work and then they get elected and prove it." - PJ O'Rourke

    GO RFK! https://www.kennedy24.com/?locale=en

    Heroyam slava! Glory to the Heroes!

    Sláva Ukrajíni! Glory to Ukraine!

    Putin tse prezervatyv! Putin is a condom!

    Go here to donate to Ukrainian relief. <https://www2.deloitte.com/ua/uk/pages/registration-forms/help-cities.html>

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Governor Swill@21:1/5 to 24k304@bfxw8.net on Wed Aug 16 05:52:07 2023
    XPost: talk.politics.misc, talk.politics, alt.fan.rush-limbaugh
    XPost: alt.politics.usa

    On Wed, 16 Aug 2023 00:57:52 -0400, "24k.305" <24k304@bfxw8.net> wrote:

    Go back to your original universe. Carter is BEST KNOWN
    (and despised) for his "Wage/Price Freeze" program - and
    the damage it did.

    Still just as wrong as the first time you posted this.

    Swill
    --
    "The Democrats are the party that says government will make you smarter, taller,
    richer, and remove the crabgrass on your lawn. The Republicans are the party that
    says government doesn't work and then they get elected and prove it." - PJ O'Rourke

    GO RFK! https://www.kennedy24.com/?locale=en

    Heroyam slava! Glory to the Heroes!

    Sláva Ukrajíni! Glory to Ukraine!

    Putin tse prezervatyv! Putin is a condom!

    Go here to donate to Ukrainian relief. <https://www2.deloitte.com/ua/uk/pages/registration-forms/help-cities.html>

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)