Maddog's memes.

Here's a good beginners guide:

I’m logged on, ain’t I? wrote:Here's a good beginners guide:

That's fairly accurate.

About the only group that libertarians like to argue with more than non libertarians, is libertarians.

No shortage of these folks floating around here.

It's interesting that Americans say Libertarian and Authoritarian when they are referring to 'Corporate Oligarchy' and 'Basic Governance'...

veya_victaous wrote:It's interesting that Americans say Libertarian and Authoritarian when they are referring to 'Corporate Oligarchy' and 'Basic Governance'...

It's not just Americans.

On one side of the equation is complete government control. On the other is none. Most people can't agree on where in the middle they should be.

Modern Libertarianism is almost Solely a US Phenomena
everyone else refers to the policies that Modern US Libertarians promote as 'Corporate Oligarchy', Corpocracy and Stupidity

veya_victaous wrote:Modern Libertarianism is almost Solely a US Phenomena
everyone else refers to the policies that Modern US Libertarians promote as 'Corporate Oligarchy', Corpocracy and Stupidity

Then they would be wrong. Cronyism and corporatism is not a component of the free market. The two major parties in the US both embrace picking corporate winners and losers. It's to the point now that corporations are writing laws and both parties use this practice.

Its hard enough when you have to defend positions you take from people.who don't understand, it's worse when they expect you to defend positions you don't take.

Maddog wrote:

veya_victaous wrote:Modern Libertarianism is almost Solely a US Phenomena
everyone else refers to the policies that Modern US Libertarians promote as 'Corporate Oligarchy', Corpocracy and Stupidity

Then they would be wrong.  Cronyism and corporatism is not a component of the free market. The two major parties in the US both embrace picking corporate winners and losers. It's to the point now that corporations are writing laws and both parties use this practice.

Its hard enough when you have to defend positions you take from people.who don't understand, it's worse when they expect you to defend positions you don't take.

I would be interested in knowing your views on Citizens United v. Federal Election Commission. Is a corporation a person?

Original Quill wrote:

Maddog wrote:

Then they would be wrong.  Cronyism and corporatism is not a component of the free market. The two major parties in the US both embrace picking corporate winners and losers. It's to the point now that corporations are writing laws and both parties use this practice.

Its hard enough when you have to defend positions you take from people.who don't understand, it's worse when they expect you to defend positions you don't take.

I would be interested in knowing your views on Citizens United v. Federal Election Commission.  Is a corporation a person?

A corporation is an entity, like a labor union. Neither are people but both pour millions into the system, because the system has enough power to make or break those entities. The solution is to strip the government of all that power, making the campaign contributions useless. The problem is cronyism which is the byproduct of a powerful regimes.

Maddog wrote:

veya_victaous wrote:Modern Libertarianism is almost Solely a US Phenomena
everyone else refers to the policies that Modern US Libertarians promote as 'Corporate Oligarchy', Corpocracy and Stupidity

Then they would be wrong.  Cronyism and corporatism is not a component of the free market. The two major parties in the US both embrace picking corporate winners and losers. It's to the point now that corporations are writing laws and both parties use this practice.

Its hard enough when you have to defend positions you take from people.who don't understand, it's worse when they expect you to defend positions you don't take.

It is the Corporate powers that Promote the 'free market' to the slave
A free market will Always Result in Corporate Oligarchy. it is as inevitable as it is in a Game of Monopoly (literally what the Games Creator was Demonstrating), Mathematically due to the way 'profiteering transitions' function there is no way it will not result in the Concentration of wealth and resources into the hands of the few.

I know you don't think that's the outcome you promote but it the outcome the policies you promote would result in, You are just too brain washed by the Propaganda of the Corporate Oligarchy to see the obvious.

Maddog wrote:

Original Quill wrote:

Maddog wrote:

Then they would be wrong.  Cronyism and corporatism is not a component of the free market. The two major parties in the US both embrace picking corporate winners and losers. It's to the point now that corporations are writing laws and both parties use this practice.

Its hard enough when you have to defend positions you take from people.who don't understand, it's worse when they expect you to defend positions you don't take.

I would be interested in knowing your views on Citizens United v. Federal Election Commission.  Is a corporation a person?

A corporation is an entity, like a labor union.  Neither are people but both pour millions into the system, because the system has enough power to make or break those entities. The solution is to strip the government of all that power, making the campaign contributions useless. The problem is cronyism which is the byproduct of a powerful regimes.  

that would merely create a power vacuum which the Corporates are more than too happy to fill themselves. No wonder they spend Billions promoting it too people like you.

veya_victaous wrote:

Maddog wrote:

A corporation is an entity, like a labor union.  Neither are people but both pour millions into the system, because the system has enough power to make or break those entities. The solution is to strip the government of all that power, making the campaign contributions useless. The problem is cronyism which is the byproduct of a powerful regimes.  

that would merely create a power vacuum which the Corporates are more than too happy to fill themselves. No wonder they spend Billions promoting it too people like you.

A power vacuum?

I'm talking about taking away their power.

veya_victaous wrote:

Maddog wrote:

Then they would be wrong.  Cronyism and corporatism is not a component of the free market. The two major parties in the US both embrace picking corporate winners and losers. It's to the point now that corporations are writing laws and both parties use this practice.

Its hard enough when you have to defend positions you take from people.who don't understand, it's worse when they expect you to defend positions you don't take.

It is the Corporate powers that Promote the 'free market' to the slave  
A free market will Always Result in Corporate Oligarchy. it is as inevitable as it is in a Game of Monopoly (literally what the Games Creator was Demonstrating), Mathematically due to the way 'profiteering transitions' function there is no way it will not result in the Concentration of wealth and resources into the hands of the few.

I know you don't think that's the outcome you promote but it the outcome the policies you promote would result in, You are just too brain washed by the Propaganda of the Corporate Oligarchy to see the obvious.  

Oh, you have progressed from TV shows to board games as your source for information.

Since you missed it the first time, while you were explaining a board game.

Maddog wrote:


Since you missed it the first time, while you were explaining a board game.

Would it help you understand the reality of economics, if I wrote it on a picture like someone has with that Blatant Lie

Cause Monopolies form from LACK of regulation not because of it
in any free market given enough time all resources will be accumulated by the few.
that is just fact, a reality demonstrated time and time again since Ancient Greece

But No, You believe the Corporations that THIS time it is different and they will let you get a Turn riding the Capitalists gravy train.
they aren't going to keep all the profit and advantage for themselves, like they have every other time  

Maddog wrote:

veya_victaous wrote:

Maddog wrote:

A corporation is an entity, like a labor union.  Neither are people but both pour millions into the system, because the system has enough power to make or break those entities. The solution is to strip the government of all that power, making the campaign contributions useless. The problem is cronyism which is the byproduct of a powerful regimes.  

that would merely create a power vacuum which the Corporates are more than too happy to fill themselves. No wonder they spend Billions promoting it too people like you.

A power vacuum?

I'm talking about taking away their power.

And all but Handing to the Corporations.

You can't make the Power not exist
You are just taking out of the hands of the people, which despite the corruption still control the government (see Trumps unexpected election as evidence)
And letting who ever is strongest take it.
and the strongest will be the Big Corporations that already control the majority of resources and means of production

Maddog Could really learn a lot from monopoly
If only he paid attention

In 1903, the Georgist Lizzie Magie applied for a patent on a game called The Landlord's Game with the object of showing that rents enriched property owners and impoverished tenants. She knew that some people would find it hard to understand the logic behind the idea, and she thought that if the rent problem and the Georgist solution to it were put into the concrete form of a game, it might be easier to demonstrate

Read on to see How Monopoly was actually created to as an economic teaching aide
https://en.wikipedia.org/wiki/History_of_the_board_game_Monopoly

Maddog wrote:



Since you missed it the first time, while you were explaining a board game.

It is a great pity that you have never studied Economics or Commerce,  DopeyDawg...

If you had, then you wouldn't be so easily sucked in, misinformed and led astray by such idiotic and plain wrong 'memes'..

veya_victaous wrote:

Surely, they meant 'all over the patch'.  

veya_victaous wrote:Maddog Could really learn a lot from monopoly
If only he paid attention

In 1903, the Georgist Lizzie Magie applied for a patent on a game called The Landlord's Game with the object of showing that rents enriched property owners and impoverished tenants. She knew that some people would find it hard to understand the logic behind the idea, and she thought that if the rent problem and the Georgist solution to it were put into the concrete form of a game, it might be easier to demonstrate

Read on to see How Monopoly was actually created to as an economic teaching aide
https://en.wikipedia.org/wiki/History_of_the_board_game_Monopoly

Monopoly is a fixed pie with a finite amount of entities.

The world is not.

WhoseYourWolfie wrote:

Maddog wrote:



Since you missed it the first time, while you were explaining a board game.

It is a great pity that you have never studied Economics or Commerce,  DopeyDawg...

If you had, then you wouldn't be so easily sucked in, misinformed and led astray by such idiotic and plain wrong 'memes'..

Oh, I've studied economics and all my clients are banks.

veya_victaous wrote:

Are you a.fan of hers?

I've never heard of her.

Maddog wrote:

veya_victaous wrote:Maddog Could really learn a lot from monopoly
If only he paid attention



Read on to see How Monopoly was actually created to as an economic teaching aide
https://en.wikipedia.org/wiki/History_of_the_board_game_Monopoly

Monopoly is a fixed pie with a finite amount of entities.

The world is not.

That's very interesting that you say that. I have had a theory for years that conservatives believe in something I call, the abyss of nothingness, which is the ultimate reaches of the universe are an open and endless abyss. The implication is that you can believe nature is your enemy/challenge, and you cannot harm her.

You see this in conservative opposition to climate change, conservative belief in the infinite frontier (Frederick Jackson Turner's thesis), http://www.americanpopularculture.com/journal/articles/spring_2007/gouge.htm. and conservatives' ideas of meritocracy, natural selection and yes, libertarianism.

Original Quill wrote:

Maddog wrote:

Monopoly is a fixed pie with a finite amount of entities.

The world is not.

That's very interesting that you say that.  I have had a theory for years that conservatives believe in something I call, the abyss of nothingness, which is the ultimate reaches of the universe are an open and endless abyss.  The implication is that you can believe nature is your enemy/challenge, and you cannot harm her.

You see this in conservative opposition to climate change, conservative belief in the infinite frontier (Frederick Jackson Turner's thesis), http://www.americanpopularculture.com/journal/articles/spring_2007/gouge.htm. and  conservatives' ideas of meritocracy, natural selection and yes, libertarianism.

I'm not interested in your weird theories. In economics, the amount of money and wealth is not a fixed number. That's why monopoly is a poor way to understand it. What it does teach is budgeting and some life skills more associated with finance than economics.

Google the "fixed pie fallacy".

Maddog wrote:

Original Quill wrote:

That's very interesting that you say that.  I have had a theory for years that conservatives believe in something I call, the abyss of nothingness, which is the ultimate reaches of the universe are an open and endless abyss.  The implication is that you can believe nature is your enemy/challenge, and you cannot harm her.

You see this in conservative opposition to climate change, conservative belief in the infinite frontier (Frederick Jackson Turner's thesis), http://www.americanpopularculture.com/journal/articles/spring_2007/gouge.htm. and  conservatives' ideas of meritocracy, natural selection and yes, libertarianism.

I'm not interested in your weird theories.

Ok, let's agree not to discuss each other's weird theories.

Original Quill wrote:

Maddog wrote:

I'm not interested in your weird theories.

Ok, let's agree not to discuss each other's weird theories.

My theories are backed by Nobel winning economists.

Maddog wrote:

veya_victaous wrote:Maddog Could really learn a lot from monopoly
If only he paid attention

In 1903, the Georgist Lizzie Magie applied for a patent on a game called The Landlord's Game with the object of showing that rents enriched property owners and impoverished tenants. She knew that some people would find it hard to understand the logic behind the idea, and she thought that if the rent problem and the Georgist solution to it were put into the concrete form of a game, it might be easier to demonstrate

Read on to see How Monopoly was actually created to as an economic teaching aide
https://en.wikipedia.org/wiki/History_of_the_board_game_Monopoly

Monopoly is a fixed pie with a finite amount of entities.

The world is not.

YES IT FUCKING WELL IS
it is Moronic Assertion like that have led the Environmental Destruction and Mass poverty around the world
You can make the more 'dollars' but you don't make more resources by doing so.

AND that Still doesn't change the mathematical outcome in any way shape or form, Unless you straight up GIVE other players at least the same amount of money as the winning one. Cause otherwise if a 'new property' appeared on the monopoly board and went to auction the player that is winning with the most money WILL GET IT. because as the game is a demonstration of, the one with more resources has more resources to acquire any future resources. Or more simply "Money makes Money, and you need Money to Make Money"

Maddog wrote:

Says EVIL old men that Literally FUCKED THE PLANET
with how SERVERLY they are misguided

These are the IDIOTS of the past that Caused the Climate Change catastrophe of today
BECAUSE they FAILED to factoring in that the WORLD IS A CLOSED SYSTEM

the First Guy is TOTALLY WRONG
the World would be much better off today if we could go back a stop him spreading such Lies in the first place

Hindsight is a Marvellous thing and with Hindsight we know these men ARE COMPLETE DUMB FUCKS and COMPELETLY INCORRECT

Maddog wrote:

WhoseYourWolfie wrote:

Maddog wrote:



Since you missed it the first time, while you were explaining a board game.

It is a great pity that you have never studied Economics or Commerce,  DopeyDawg...

If you had, then you wouldn't be so easily sucked in, misinformed and led astray by such idiotic and plain wrong 'memes'..

Oh, I've studied economics and all my clients are banks.  

No wonder you want to sell peoples rights to the 'Money Changers'
Jesus Would whip the shit out of you

veya_victaous wrote:

Maddog wrote:

Says EVIL old men that Literally FUCKED THE PLANET
with how SERVERLY they are misguided

These are the IDIOTS of the past that Caused the Climate Change catastrophe of today
BECAUSE they FAILED to factoring in that the WORLD IS A CLOSED SYSTEM

the First Guy is TOTALLY WRONG
the World would be much better off today if we could go back a stop him spreading such Lies in the first place

Hindsight is a Marvellous thing and with Hindsight we know these men ARE COMPLETE DUMB FUCKS and COMPELETLY INCORRECT

Yeah, He was wrong.

veya_victaous wrote:

Maddog wrote:

Oh, I've studied economics and all my clients are banks.  

No wonder you want to sell peoples rights to the 'Money Changers'
Jesus Would whip the shit out of you

So you have paid cash for all of your real estate? Never borrowed money for a car?

Now you sound like some Jew hating weirdo. They own the banks, blah, blah, blah.

veya_victaous wrote:

Maddog wrote:

Monopoly is a fixed pie with a finite amount of entities.

The world is not.

YES IT FUCKING WELL IS
it is Moronic Assertion like that have led the Environmental Destruction and Mass poverty around the world
You can make the more 'dollars' but you don't make more resources by doing so.

AND that Still doesn't change the mathematical outcome in any way shape or form, Unless you straight up GIVE other players at least the same amount of money as the winning one. Cause otherwise if a 'new property' appeared on the monopoly board and went to auction the player that is winning with the most money WILL GET IT. because as the game is a demonstration of, the one with more resources has more resources to acquire any future resources. Or more simply "Money makes Money, and you need Money to Make Money"

Google "the fixed pie fallacy" an educate yourself.

Maddog wrote:

veya_victaous wrote:

Maddog wrote:

Monopoly is a fixed pie with a finite amount of entities.

The world is not.

YES IT FUCKING WELL IS
it is Moronic Assertion like that have led the Environmental Destruction and Mass poverty around the world
You can make the more 'dollars' but you don't make more resources by doing so.

AND that Still doesn't change the mathematical outcome in any way shape or form, Unless you straight up GIVE other players at least the same amount of money as the winning one. Cause otherwise if a 'new property' appeared on the monopoly board and went to auction the player that is winning with the most money WILL GET IT. because as the game is a demonstration of, the one with more resources has more resources to acquire any future resources. Or more simply "Money makes Money, and you need Money to Make Money"

Google "the fixed pie fallacy" an educate yourself.  

That's ONLY about Jobs and Labor in the 1900's Not even relevant in a post-digital economy

And it Doesn't even suggest it applies to Resources and means of production, it is not relevant to the capacity of those holding the resources and means of production to 'out bid' those with out.

And it Simply avoid including the cost to Environment and society, Yes those Evil old men you posted said that Because they also said there was no problem Dumping toxic waste into a river since economically You will gain and 'no one loses a dollar'... the Idea that it is NOT a fixed pie is the Fallacy. Something loses. Cause How many Billions is my Generation Losing Because of those Evil old Fuckwits "profits out of No where"

THINK don't just drink to cool aide of OBVIOUS propaganda

veya_victaous wrote:

Maddog wrote:

Google "the fixed pie fallacy" an educate yourself.  

That's ONLY about Jobs and Labor in the 1900's Not even relevant in a post-digital economy

And it Doesn't even suggest it applies to Resources and means of production, it is not relevant to the capacity of those holding the resources and means of production to 'out bid' those with out.

And it Simply avoid including the cost to Environment and society, Yes those Evil old men you posted said that Because they also said there was no problem Dumping toxic waste into a river since economically You will gain and 'no one loses a dollar'...  the Idea that it is NOT a fixed pie is the Fallacy. Something loses. Cause How many Billions is my Generation Losing Because of those Evil old Fuckwits "profits out of No where"

THINK don't just drink to cool aide of OBVIOUS propaganda

Google it again. It's not sinking in. You can't discuss economics until you understand that fallacy.

Maddog wrote:

veya_victaous wrote:

Maddog wrote:

Google "the fixed pie fallacy" an educate yourself.  

That's ONLY about Jobs and Labor in the 1900's Not even relevant in a post-digital economy

And it Doesn't even suggest it applies to Resources and means of production, it is not relevant to the capacity of those holding the resources and means of production to 'out bid' those with out.

And it Simply avoid including the cost to Environment and society, Yes those Evil old men you posted said that Because they also said there was no problem Dumping toxic waste into a river since economically You will gain and 'no one loses a dollar'...  the Idea that it is NOT a fixed pie is the Fallacy. Something loses. Cause How many Billions is my Generation Losing Because of those Evil old Fuckwits "profits out of No where"

THINK don't just drink to cool aide of OBVIOUS propaganda

Google it again. It's not sinking in. You can't discuss economics until you understand that fallacy.  

It's NOT a fallacy.
Economics is NOT separate from REALITY that the world has a fixed amount of resources.
Exploiting a resource Is NOT without cost just eh evil geranium are avoiding Paying their Cost and Pushing it onto Environment or society.

It is Fuck wits that think it is Fallacy that caused the GFC because they were WRONG like you are WRONG

veya_victaous wrote:

Maddog wrote:

Google it again. It's not sinking in. You can't discuss economics until you understand that fallacy.  

It's NOT a fallacy.
Economics is NOT separate from REALITY that the world has a fixed amount of resources.
Exploiting a resource Is NOT without cost just eh evil geranium are avoiding Paying their Cost and Pushing it onto Environment or society.

It is Fuck wits that think it is Fallacy that caused the GFC because they were WRONG like you are WRONG

Keep googling.

"The Fixed Pie Fallacy is one of the most pervasive myths in the world today.

We cringe when we hear statements like “the wealthiest 5% of Americans control 80% of the wealth”, implying that there’s some sort of inequity with such an uneven distribution.

There is a difference between “wealth” and money".

Once we acknowledge this separation, we can clear up this misconception.

“Wealth” can be defined as anything of value to members of a society. In other countries, it might be cattle. Elsewhere, it might be crops. Money is just the most common medium for transferring wealth.

Every time someone devises a new way of doing something, alters an existing product for the better, or facilitates the transfer of desired resources wealth is created.

Some examples:

An artist takes an old tire, some coffee cans and paint. She constructs a statue. Someone buys it because they think it looks beautiful.

Wealth was just created.

A college student spends a weekend fixing up his 15-year old car. With a new paint job, reupholstered seats and a new hood ornament, he sells it to a local car enthusiast. What was once valued at $500 is now sold for $2000.

Wealth was just created.

A local musician records a new rendition of the Star Spangled Banner. He sells 1000 copies of it on iTunes.

Wealth was just created."




Because I'm feeling helpful.

Another example of the fixed pie fallacy, which I assure everyone, is a real fallacy, like the straw man fallacy. Not understanding something does not mean that it does not exist.

Maddog wrote:



Another example of the fixed pie fallacy, which I assure everyone, is a real fallacy, like the straw man fallacy. Not understanding something does not mean that it does not exist.  

Oh My God you are DUMB
More DOLLARS, yes I said that too but that is not MORE VALUE or RESOURCES.
it doesn't matter if there is $10 or a Million Dollars in the economy, if there is only 10 cows in the economy then there is Only 10 cows between all the members of the economy. the Fact that Morons didn't see this OBVIOSUY fact and instead believed BULLSHIT like you post is EXACTLY what caused the GFC Dickheads thinking a big number on their balance sheet meant real VALUE.

Because it is NOT a real Fallacy!!!
it is Made up bullshit that greedy fuckers try and promote to Justify them being complete useless geranium that society would be better off without

Maddog wrote:"The Fixed Pie Fallacy is one of the most pervasive myths in the world today.

We cringe when we hear statements like “the wealthiest 5% of Americans control 80% of the wealth”, implying that there’s some sort of inequity with such an uneven distribution.

There is a difference between “wealth” and money".

Once we acknowledge this separation, we can clear up this misconception.

“Wealth” can be defined as anything of value to members of a society. In other countries, it might be cattle. Elsewhere, it might be crops. Money is just the most common medium for transferring wealth.

Every time someone devises a new way of doing something, alters an existing product for the better, or facilitates the transfer of desired resources wealth is created.

Some examples:

An artist takes an old tire, some coffee cans and paint. She constructs a statue. Someone buys it because they think it looks beautiful.

Wealth was just created.

A college student spends a weekend fixing up his 15-year old car. With a new paint job, reupholstered seats and a new hood ornament, he sells it to a local car enthusiast. What was once valued at $500 is now sold for $2000.

Wealth was just created.

A local musician records a new rendition of the Star Spangled Banner. He sells 1000 copies of it on iTunes.

Wealth was just created."




Because I'm feeling helpful.  

None of those are examples of wealth being created
they are examples of an Individual selling the product of their labor BUT the resources they traded for those cans or Car are STILL of the same value, they merely added their LABOR to the Value of the cans or Car. there is NOT magically more wealth in the economy because of that the resources simply were not spent is some other area of the economy. but the economy still has the same amount of resources

YOUR WRONG
the GFC proved it WRONG.
there is Not Fixed pie fallacy BECAUSE  the world is a closed system, there is Finite resources Despite the economist that made up the lie of a fallacy believing that we would never run out of Oil or coal or metals which we ARE NOW because they were WRONG

Maddog wrote:"The Fixed Pie Fallacy is one of the most pervasive myths in the world today.

We cringe when we hear statements like “the wealthiest 5% of Americans control 80% of the wealth”, implying that there’s some sort of inequity with such an uneven distribution.

There is a difference between “wealth” and money".

Once we acknowledge this separation, we can clear up this misconception.

“Wealth” can be defined as anything of value to members of a society. In other countries, it might be cattle. Elsewhere, it might be crops. Money is just the most common medium for transferring wealth.

Every time someone devises a new way of doing something, alters an existing product for the better, or facilitates the transfer of desired resources wealth is created.

Some examples:

An artist takes an old tire, some coffee cans and paint. She constructs a statue. Someone buys it because they think it looks beautiful.

Wealth was just created.

A college student spends a weekend fixing up his 15-year old car. With a new paint job, reupholstered seats and a new hood ornament, he sells it to a local car enthusiast. What was once valued at $500 is now sold for $2000.

Wealth was just created.

A local musician records a new rendition of the Star Spangled Banner. He sells 1000 copies of it on iTunes.

Wealth was just created."


Because I'm feeling helpful.  

You're an idiot...

Reagan and Thatcher caused a recession back in the late 1980s with their idiotic "trickle down"/irrational economics stupidity...

A like-minded economically--illitirate US gov't and their greedy financier bosses/masters created the "GFC" meltdown, with their irresponsible and plain crazy "low doc" home lending schemes and the resultant 'junk' bonds, from 2004 through 2008..

And now with both your ignorant posts on here, and those idiots in the White House, keep on pushing the irrational fantasy that economies can keep on growing and "creating wealth out of nothing" ad infinitum, just as long as the gamblers and denialists among their followers wish that it were so.

The Earth is finite..
The world's resources are finite..
Yet, greedy yet ignorant financiers, gullible "investors", power-mad corporations, and their puppet guvm'nts, keep on pushing for evermore expansion, growing the world economy beyond it's physical limits, even beyond the Solar Systems limits  (!);      promising the impossible...

veya_victaous wrote:

Maddog wrote:"The Fixed Pie Fallacy is one of the most pervasive myths in the world today.

We cringe when we hear statements like “the wealthiest 5% of Americans control 80% of the wealth”, implying that there’s some sort of inequity with such an uneven distribution.

There is a difference between “wealth” and money".

Once we acknowledge this separation, we can clear up this misconception.

“Wealth” can be defined as anything of value to members of a society. In other countries, it might be cattle. Elsewhere, it might be crops. Money is just the most common medium for transferring wealth.

Every time someone devises a new way of doing something, alters an existing product for the better, or facilitates the transfer of desired resources wealth is created.

Some examples:

An artist takes an old tire, some coffee cans and paint. She constructs a statue. Someone buys it because they think it looks beautiful.

Wealth was just created.

A college student spends a weekend fixing up his 15-year old car. With a new paint job, reupholstered seats and a new hood ornament, he sells it to a local car enthusiast. What was once valued at $500 is now sold for $2000.

Wealth was just created.

A local musician records a new rendition of the Star Spangled Banner. He sells 1000 copies of it on iTunes.

Wealth was just created."




Because I'm feeling helpful.  

None of those are examples of wealth being created
they are examples of an Individual selling the product of their labor BUT the resources they traded for those cans or Car are STILL of the same value, they merely added their LABOR to the Value of the cans or Car. there is NOT magically more wealth in the economy because of that the resources simply were not spent is some other area of the economy. but the economy still has the same amount of resources      

YOUR WRONG
the GFC proved it WRONG.
there is Not Fixed pie fallacy BECAUSE  the world is a closed system, there is Finite resources Despite the economist that made up the lie of a fallacy believing that we would never run out of Oil or coal or metals which we ARE NOW because they were WRONG

Oh.  You have said they are wrong several times. Even in all caps.  Now I'm convinced.  

I don't think we are ready.to discuss the expansion and contraction of the money supply in the economy and how central bank policies affect that figure.  You're a slow learner.

WhoseYourWolfie wrote:

Maddog wrote:"The Fixed Pie Fallacy is one of the most pervasive myths in the world today.

We cringe when we hear statements like “the wealthiest 5% of Americans control 80% of the wealth”, implying that there’s some sort of inequity with such an uneven distribution.

There is a difference between “wealth” and money".

Once we acknowledge this separation, we can clear up this misconception.

“Wealth” can be defined as anything of value to members of a society. In other countries, it might be cattle. Elsewhere, it might be crops. Money is just the most common medium for transferring wealth.

Every time someone devises a new way of doing something, alters an existing product for the better, or facilitates the transfer of desired resources wealth is created.

Some examples:

An artist takes an old tire, some coffee cans and paint. She constructs a statue. Someone buys it because they think it looks beautiful.

Wealth was just created.

A college student spends a weekend fixing up his 15-year old car. With a new paint job, reupholstered seats and a new hood ornament, he sells it to a local car enthusiast. What was once valued at $500 is now sold for $2000.

Wealth was just created.

A local musician records a new rendition of the Star Spangled Banner. He sells 1000 copies of it on iTunes.

Wealth was just created."


Because I'm feeling helpful.  

You're an idiot...

Reagan and Thatcher caused a recession back in the late 1980s with their idiotic "trickle down"/irrational economics stupidity...

A like-minded economically--illitirate US gov't and their greedy financier bosses/masters created the "GFC" meltdown, with their irresponsible and plain crazy "low doc" home lending schemes and the resultant 'junk' bonds, from 2004 through 2008..

And now with both your ignorant posts on here, and those idiots in the White House, keep on pushing the irrational fantasy that economies can keep on growing and "creating wealth out of nothing" ad infinitum, just as long as the gamblers and denialists among their followers wish that it were so.

The Earth is finite..
The world's resources are finite..
Yet, greedy yet ignorant financiers, gullible "investors", power-mad corporations, and their puppet guvm'nts, keep on pushing for evermore expansion, growing the world economy beyond it's physical limits, even beyond the Solar Systems limits  (!);      promising the impossible...

Did you say something?

Don't bother answering, we both know the answer is no.