tag:blogger.com,1999:blog-1527840491496268397.post8379393906882712238..comments2024-03-08T11:20:30.095-07:00Comments on Credit Bubble Stocks: High Plateau Drifter on BrexitUnknownnoreply@blogger.comBlogger43125tag:blogger.com,1999:blog-1527840491496268397.post-27929548089321082682022-06-30T10:50:46.057-07:002022-06-30T10:50:46.057-07:00Anybody want to revisit this classic thread?Anybody want to revisit this classic thread?CPhttps://www.blogger.com/profile/12701174164478027499noreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-90312163071384083792020-04-29T10:17:41.893-07:002020-04-29T10:17:41.893-07:00BTW, the previous comment:
The Clinton con was th...BTW, the previous comment:<br /><br /><i>The Clinton con was that Trump gets into the race, makes the serious Republican candidates look bad, and the Republican party look bad. He might bolt from the Republican party and run as an independent like Perot, and we know how much the Perot run helped Clinton! He could make criticisms of the serious Republican candidates that Hillary Clinton can’t make, like Perot did. And if for some reason Trump won, well he should be easy to beat in the general election in November.<br /><br />This would be a typical Clinton con, thought out and slick, with the problem is that people might actually turn out to like what Trump is saying, something that would never occur to Clinton.</i><br /><br />Wow!CPhttps://www.blogger.com/profile/12701174164478027499noreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-3347039816789443342020-04-29T10:16:22.072-07:002020-04-29T10:16:22.072-07:00We've almost managed to surpass the length of ...We've <i>almost</i> managed to surpass the length of this comment thread on the energy stocks post:<br /><br />http://www.creditbubblestocks.com/2020/04/energy-stocks-are-still-overpriced.html<br /><br />Maybe someone will push it over the top...CPhttps://www.blogger.com/profile/12701174164478027499noreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-31429740376483957362016-06-29T12:35:25.401-07:002016-06-29T12:35:25.401-07:00It was linked earlier that Trump and Clinton discu...<i>It was linked earlier that Trump and Clinton discussed a Trump candidacy over the phone last year, and apparently Clinton was encouraging.<br /><br />My guess is that it is Clinton who was playing the long, or at least the medium con, like he always does, and Trump was playing a short con.<br /><br />The Clinton con was that Trump gets into the race, makes the serious Republican candidates look bad, and the Republican party look bad. He might bolt from the Republican party and run as an independent like Perot, and we know how much the Perot run helped Clinton! He could make criticisms of the serious Republican candidates that Hillary Clinton can’t make, like Perot did. And if for some reason Trump won, well he should be easy to beat in the general election in November.<br /><br />This would be a typical Clinton con, thought out and slick, with the problem is that people might actually turn out to like what Trump is saying, something that would never occur to Clinton.</i><br /><br />http://www.unz.com/isteve/why-is-bill-clinton-still-a-member-of-trump-national-westchester/#comment-1471692Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-86192542440936687672016-06-29T12:18:39.166-07:002016-06-29T12:18:39.166-07:00Speaking at the end of a summit in Brussels where ...<br /><br /><i> Speaking at the end of a summit in Brussels where EU leaders started trying to pick through the wreckage after David Cameron’s referendum defeat, Mr Hollande warned that it would be unacceptable for clearing — a crucial stage in trading of derivatives and equities — to take place in the UK.<br /><br /> “The City, which thanks to the EU was able to handle clearing operations for the eurozone, will not be able to do them,” he said. “It can serve as an example for those who seek the end of Europe . . . It can serve as a lesson.”<br /><br />Here is the FT story. Note that London’s financial elites don’t need such a warning, whereas to the general citizenry it confirms the portrait of the EU as an anti-British regulatory tyrant.</i><br /><br />http://marginalrevolution.com/marginalrevolution/2016/06/stupid-is-as-stupid-does.htmlCPhttps://www.blogger.com/profile/12701174164478027499noreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-20386318239300321582016-06-29T10:36:54.320-07:002016-06-29T10:36:54.320-07:00Don't Pakistan and India have nukes?
https://...Don't Pakistan and India have nukes?<br /><br />https://en.wikipedia.org/wiki/List_of_states_with_nuclear_weapons#Other_states_declaring_possession_of_nuclear_weapons<br /><br />India is not a "Muslim country" although it has many, many Muslims. Pakistan does seem like a Muslim country.<br /><br />The Wiki article also claims Turkey has been given the right to "share and store" nuclear weapons-- also a Muslim country.Taylor Conanthttps://www.blogger.com/profile/18270678440957992085noreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-56748621708250724832016-06-29T10:33:43.452-07:002016-06-29T10:33:43.452-07:00Are the low T white Brits going to make the UK the...Are the low T white Brits going to make the UK the first Muslim country with a nuclear arsenal? Or do the Tridents and warheads, which are furnished by the US Navy, get quietly taken away à la South Africa at that point?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-51949591531890094322016-06-29T10:05:00.228-07:002016-06-29T10:05:00.228-07:00Supposedly, if the British voted for exit, the gov...<i>Supposedly, if the British voted for exit, the government would immediately invoke article 50 – would give notice that Britain was resigning from the EU. That is what the prime Minister told them.<br /><br />Well, the British voted for exit, and surprise, surprise, the government is not invoking article 50. The prime minister lied.<br /><br />What a surprise. Are you surprised?</i><br /><br />http://blog.jim.com/war/how-to-give-effect-to-brexit/Vladnoreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-66872782792957040362016-06-29T08:46:59.201-07:002016-06-29T08:46:59.201-07:00James,
The UK's immigration policy with regar...James,<br /><br />The UK's immigration policy with regards to individuals originating in non-EU countries is NOT a facet of the EU and is not relevant to the question of whether the UK should leave or remain. That is an entirely separate issue and by introducing the consequences of this policy into the examination of the Brexit question you're confusing the issue. This is precisely what I warned against.<br /><br />Asking my question again, "What makes remain a better position than leave on the merits of the EU alone?" the only relevant part of your reply would be, "Britain gets lots of economic migrants from Eastern Europe who work hard and contribute to the economy."<br /><br />If this is truly a beneficial policy for the UK, there is no reason why they couldn't adopt this stance toward immigrants originating in Eastern Europe even without being part of the EU. After all, immigration policy is something the "host" country determines, ie, who will they let in and who will they keep out? The UK doesn't have to be part of the EU to let in people from Eastern Europe.Taylor Conanthttps://www.blogger.com/profile/18270678440957992085noreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-23084800400754393742016-06-29T01:00:14.006-07:002016-06-29T01:00:14.006-07:00Actually, we are drifting (how ironic) from the in...Actually, we are drifting (how ironic) from the initial argument.<br />If I had to sum up mine<br />-the EU is additional complexity and another layer of state. That's enough reason for it to be rejected. Agreed<br />-the EU is less democratic and more complex than existing european states. Disagreed<br />-EU regulations are can be stupid. Agreed (just need to know at regulation saying how olive oil should be served in restaurant) but examples chosen were the wrong ones<br />- Eu was an obstacle to free markets in Europe. Quite the contrary<br /><br />Antitrust and free markets, Euros, negative rates were not issues initially discussed by HPD.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-57225929939317683012016-06-29T00:20:38.634-07:002016-06-29T00:20:38.634-07:00Bananas are another euo myth. Regulations says tha...Bananas are another euo myth. Regulations says that bananas are class 1, class2 or extra class but you can sell any shape of banana. EU will just determine the labelling. It might sound, and probably is, overkill but you can grow any banana you like.<br />On Central banks, I share the view that the Fed, the BOJ and the ECB are doing it wrong. Capitalism is about failure and creative destruction but we live in a world which can't tolerate short term pain. Therefore people are not ready to trade short term pain (which might be acute) for long term gain.<br />On absolute truths, Rothbard himself qualifies his statement with phrases like "I believe". He comes up with anecdotal (i don't want to dismiss it, just want to underline the empirical appraoch surprising for somebody who builds a system) evidence to back up his claims. But he recognizes that to assume that the generalisation will work requires a leap of faith. Besides,I am of the view that as soon as you recognize property rights, you introduce conventions (negation of anarchy). And it is the first step towards the creation of a state. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-44495968559839038732016-06-29T00:00:39.288-07:002016-06-29T00:00:39.288-07:00What makes remain a better position than leave on ...<i>What makes remain a better position than leave on the merits of the EU alone?</i><br /><br />Being part of the EU improves the quality of the immigrants Britain receives. Right now, Britain gets lots of economic migrants from Eastern Europe who work hard and contribute to the economy. If it left the EU, the bulk of its immigrants would come from godforsaken Commonwealth countries like Pakistan, Bangladesh, and Nigeria, and they would be statistically far more likely to commit crimes and go on the dole.Jamesnoreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-45828861039592860092016-06-28T23:35:45.285-07:002016-06-28T23:35:45.285-07:00OK! I will ask it again!!
How the hell is monetar...OK! I will ask it again!!<br /><br />How the hell is monetary ease and ZIRP supposed to simulate a tightly restricted and regulated economy?<br /><br />What does Super Mario think he is going to accomplish??<br /><br />Oh! Wow!! Short term rates when negative!! I think I am going to start a new business!! Might take a year or so but I'm gonna read all those EU regulations first to make sure my idea is not illegal or allocated to Poland!High Plateau Drifterhttps://www.blogger.com/profile/07727877910145655695noreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-54427295077480769902016-06-28T22:28:29.442-07:002016-06-28T22:28:29.442-07:00James,
Re: Brexit, try looking at it like this-- ...James,<br /><br />Re: Brexit, try looking at it like this-- if the EU represents some kind of political problem for the UK (burdensome regulations, immigration policies, etc), would it, all else being equal, be better to remain or better to leave?<br /><br />This question is ceteris paribus. It is attempting to isolate and explore the consequences of one causal relationship at a time. So ignore all the other problems the UK might have. What makes remain a better position than leave on the merits of the EU alone?Taylor Conanthttps://www.blogger.com/profile/18270678440957992085noreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-9912755546675474622016-06-28T22:24:25.020-07:002016-06-28T22:24:25.020-07:00James,
Would you be willing to offer a logical ar...James,<br /><br />Would you be willing to offer a logical argument for your assertion about the basic functions of government? If you would, I'd be willing to engage it with a counter argument. Otherwise I'm not sure what option there is to respond other than "I agree", which I don't, or "no, it's just the opposite" which also isn't an argument but rather a contradictory assertion.Taylor Conanthttps://www.blogger.com/profile/18270678440957992085noreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-56356885841287957202016-06-28T21:38:41.894-07:002016-06-28T21:38:41.894-07:00I'm not sure what Brexit would accomplish. Rig...I'm not sure what Brexit would accomplish. Right now, Britain has to live with a heavy-handed EU bureaucracy and it gets flooded with immigrants from Eastern Europe and numerous third-world countries. If it leaves the EU, the Eastern Europeans will stop coming but the third-worlders will continue to flood in and the EU bureaucrats will just be replaced by homegrown parasites. The political class in England is just as awful as the political class in Europe, if not worse, so I'm not sure how Brexit would be an improvement?Jamesnoreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-46507795358470080542016-06-28T21:32:28.811-07:002016-06-28T21:32:28.811-07:00I don't understand why ADL's comment is so...I don't understand why ADL's comment is so controversial. He's just describing the basic functions of government--a stable currency, fair and transparent markets, etc. Regulations aren't unique to overreaching bureaucracies; there were, e.g., many laws in medieval England regulating trade and commerce.Jamesnoreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-14976210356988387422016-06-28T21:27:40.538-07:002016-06-28T21:27:40.538-07:00I have enjoyed much from CP over the years and am ...I have enjoyed much from CP over the years and am always pleased by moments of congruence in our thinking (yes, the monetary union is probably toast--and it's not Brexit wot did it).<br /><br />I think my tone has been mischaracterized, but hey: I have far from perfect self knowledge, so who knows? <br /><br />Anyway, it's a bit late. I'm going to fry up dinner, more insolent yap trappery possibly TK.ADLhttps://www.blogger.com/profile/11578314123744054067noreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-29254793724713805462016-06-28T20:30:32.662-07:002016-06-28T20:30:32.662-07:00Also, in regard to Brexit and the EU, etc - we all...Also, in regard to Brexit and the EU, etc - we all know that the monetary union is going to go away. <br /><br />Germans like sound money and the lower-latitude PIGS need to print, print, print.<br /><br />I seriously question whether Euros will make it a mere 20 years (to Jan 2022)!<br /><br />The good news is that when the Euro goes away, the currency that will likely be formed by the Holy Roman Empire territories will be strong. <br /><br />It would be an excellent replacement for USD.CPhttps://www.blogger.com/profile/12701174164478027499noreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-33211496704084820702016-06-28T20:20:27.111-07:002016-06-28T20:20:27.111-07:00CP,
Good point. In the case of a person like ADL,...CP,<br /><br />Good point. In the case of a person like ADL, they might find more success in coaxing thoughtful debate and discussion from those they agree or disagree with if they came at it like Benjamin Franklin might, ie, "Have you considered X?" or "I think it is Y, what do you think of that?"<br /><br />Notice his passive aggressive approach-- to claim the high ground of having an "open mind" ready to consider other opinions, but to take the low ground of making simplistic arguments which imply his opponent hasn't considered a very obviously bad potential outcome of their position, and then to add in parenthetical remarks to the effect of "Don't even bother making a counter-argument, I already know what you're going to say and it's just as stupid as your current argument wherein you clamor for an ideal principle while overlooking the practical consequence of abandoning your personal security."<br /><br />Smug much?<br /><br />I'm willing to try again if he'll tune down the trolling. Otherwise he gets his "Serious Conversation Membership Card" revoked like Anonymous, at least as far as I am concerned. (And, to "Curiouser's" point, it's incredibly tone deaf, bare minimum, to come into a forum you know from observation to be sympathetic to a particular view and to not only say something provocative given those views, but to say it in a beguilingly condescending fashion all while passive aggressively you're "just doin' a little open minded consideration amongst smart fellow such as yerselves"... it whiffs strongly of troll, a la "Don't mind me, I am just driving by your house and firing a machine gun through the window.")Taylor Conanthttps://www.blogger.com/profile/18270678440957992085noreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-11655244835777085682016-06-28T20:12:37.295-07:002016-06-28T20:12:37.295-07:00This is one of our most commented on posts ever.
...This is one of our most commented on posts ever. <br /><br />For some reason, over the past 9 years CBS never became the type of blog where people have big discussion threads. Probably because I don't post often enough.<br /><br />[Although, here is one example of a long, fruitful comment thread: http://www.creditbubblestocks.com/2015/08/big-drop-in-conrad-industries-income.html]<br /><br />Anyway, we have never censored and only delete spam comments from China, etc. <br /><br />Certainly some commenters add more value than others. But each can decide that for himself.CPhttps://www.blogger.com/profile/12701174164478027499noreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-50804056022094511422016-06-28T20:08:55.576-07:002016-06-28T20:08:55.576-07:00But who will dictate which common currency we use ...But who will dictate which common currency we use to make regulatory bureaucracy approved trades?<br /><br />But who will dictate the value of that currency at the time it is first created when, prior to its coming into existence, it had no market value and no historical trades to reference?<br /><br />But who will capture the rents generated by those initial bond trades in the new common currency that are offered to select good guy financial institutions as a freebie in return for making a market in a previously valueless common currency?<br /><br />But who will shill for this fraudulent enterprise by overlooking the great evil it entails and instead focus in on minor lifeboat scenario imperfections that might exist in a free market in its absence?Taylor Conanthttps://www.blogger.com/profile/18270678440957992085noreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-79597177259030607932016-06-28T20:05:46.583-07:002016-06-28T20:05:46.583-07:00But, who will build the roads??But, who will build the roads??League of Women Votersnoreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-72921163821904962842016-06-28T20:00:03.052-07:002016-06-28T20:00:03.052-07:00We're yanking Anonymous's "Serious Co...We're yanking Anonymous's "Serious Conversation Membership Card" for egregious violations against logic and intent to commit trolling with his utterly stupid and weaselish decision to claim there are no absolute truths while engaging in a debate that centers on fundamental principles which are absolute truths for the debate to have any meaning and merit. So, you're done, Anonymous, you get no more replies beyond disdain as you are a logical outlaw.<br /><br />As for ADL,<br /><br />You probably should keep your hat out of the ring and in your mouth. What you've done is complicate something simple, completely needlessly. Remember what I said about "It's not quite Occam's Razor, but it's close"? You don't explain the origins of two party, voluntary exchange by introducing a third party with a monopoly on violence that dictates which currency or money they're going to trade against. That is complicating things needlessly. It's also putting the cart before the horse, the chicken before the egg, etc.<br /><br />Me and my grocer don't need the EU, the federal government or any other coercive institution to provide us a common currency to exchange with. We can figure one out on our own.<br /><br />We also don't need to set up a government to settle disputes about trade, fraud, theft, murder, rapine, etc. Human communities have recognized those coercive acts as undesirable before governments and legislatures and they'll recognize them as undesirable after governments and legislatures have been thrown on the ash heap of history. Only feeble-minded totalitarians fantasize that people stand around in rags and mudhuts waiting for enlightened governments to teach them how to trade good and work good and be good.<br /><br />You may think your intent is to have a serious conversation but when you choose to "throw your hat in the ring" on the premise that your opponent is too misguided to realize he's throwing the law and order baby out with the government bath water, you have another thing coming. You've got more schoolin' to do before you run your insolent yap trap around here and treat your opponents like they're stupid as a debate tactic. Go read the same book Anonymous should be wrist deep in right now and then get back to us if you come up with something interesting to add. Take the trolling elsewhere.Taylor Conanthttps://www.blogger.com/profile/18270678440957992085noreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-2015473214940846122016-06-28T19:38:49.161-07:002016-06-28T19:38:49.161-07:00@C+C:
Just out of curiosity, if the purpose of t...@C+C: <br /><br />Just out of curiosity, if the purpose of that question is not to make me feel unwelcome, what is it?<br /><br />I come here because sometimes people say smart things here, and sometimes those smart things are things with which I disagree. So sometimes I change my mind and sometimes I work a bit harder to justify my position, and sometimes when I haven't made up my mind about something I come a bit closer to making up my mind. I like to engage in discussion. I also like to critique ideas if they seem wrongheaded and if those who espouse them seem like they might be open to discussion. ADLhttps://www.blogger.com/profile/11578314123744054067noreply@blogger.com