Modern Monetary Theory: A Primer

[cyclonengineer]

@castoli711

From a different perspective: Top 6 Reasons Why People Hate Their Bosses | Psychology Today

Everyone of those reasons can be summarized as “That particular boss is an asshole”.
The article also doesn’t claim that everyone hates their boss.

@castoli711

what do you think of those who make others suffer more and prolong their suffering?

Not great obviously. But since I lean Buddhist where karma and negative rebirth are a thing, sooner or later their actions will have negative consequences on them.

@castoli711

Hahahaha…man you are so delusional

Currency trading would not be a profitable endeavor were others not out there changing the economies those particular currencies are active in. The values change only in relation to the perceived strengths/weaknesses of the associated economies and their relation to each other. …
Without corporate profit and economic growth/productively you would make exactly $0

@castoli711

@cyclonengineer

also have the freedom to change my schedule

I don’t have one.

Again, that’s your hang up. I have no issues with having a schedule.

[fitafter40]

You can’t even follow along in your own forum, what a clown

[usmccds423]

@dt79

China’s growth rate is directly related to dropping socialist policies starting from the Open Door Policy.

All but one of us knows this.

[usmccds423]

@castoli711

We may have the largest GDP in the world but for how long?

We’ve been #1 for the last hundred years or so. I think we’ll be fine.

@castoli711

China’s influence is becoming greater and greater while the U.S. is in decline as the world is beginning to turn away from the U.S.

When you’re #1 it’s difficult to become even more #1… It’s king of the hill and we’ve been king for a century.

@castoli711

and is tired of their shit.

Yes, no one is tired of China’s shit…

@castoli711

That capitalism is a dead end and it’s where the U.S. is heading while capitalism cannibalizes itself.

Authoritarianism seasoned with slavery and sweatshop labor is much better.

@castoli711

I know this may be difficult for you to believe but there are plenty of industries who do almost anything for profit like destroy the environment of the lives of people. All for more profit. Do business schools teach people how to become sociopaths?

Imagine how much less co2 we’d produce if day trading wasn’t legal.

@castoli711

The question I was asking was obvious. But you had to be extremely literal about it, so you can skirt answering it.

Sorry I understand what words mean.

@castoli711

The thing that is mind-numbingly stupid here is you. But I guess you must be to defend your position.

You’re celebrating the rise of a country that has Muslims sitting in internment camps as I type this.

@castoli711

So this industry is literally controlled by thousands?

What industry? e-commerce isn’t an industry. Amazon operates in a lot of industries and they are not the largest in them all.

Do you not understand how competition and market share work? Oh, right, of course you don’t.

@castoli711

Again thinks oligopolies don’t exist

Never said this. Literally said you could make an argument they exist in some industries. Learn how to read.

@castoli711

because other companies try to do the same business as the leader of the industry.

What industry?

@castoli711

Calls it competition instead of acknowledging the political protection they foster, finesse supply function,inelastic demand of their products etc.

You don’t know what half these words mean. Name a single inelastic product Amazon produces.

@castoli711

But so it is in the cult of capitalism.

Sorry not sorry I have a functioning brain and working knowledge of how business works.

@castoli711

No that’s because I’m not a capitalist sycophant.

No, it’s that you’re dumb.

@castoli711

Short-term profit is the name of the game. What rock have you been under?

It’s not and you would know this if you ever had an actual job in finance.

@castoli711

In GDP growth?

In GDP.

@castoli711

Hahahaha…man you are so delusional.

You’re only able to trade currency because producers support you. Imagine thinking this isn’t the case.

[Bauber]

@castoli711

Do business schools teach people how to become sociopaths?

Not to my knowledge and I have attended and graduated from a premier one.

[NickViar]

@castoli711

That capitalism is a dead end

How did you come to that conclusion?

@castoli711

it’s where the U.S. is heading

The U.S. is heading TOWARDS capitalism?

@castoli711

capitalism cannibalizes itself.

I pretty much agree-it’s not capitalism that cannibalizes itself, but the humans that benefit from it. Capitalism allows for such a fantastic improvement in quality of life that people have time to sit around and bitch about the fact that they don’t have as much as some other people, instead of having to work constantly in order to just survive another day.

[usmccds423]

@NickViar

I pretty much agree-it’s not capitalism that cannibalizes itself, but the humans that benefit from it. Capitalism allows for such a fantastic improvement in quality of life that people have time to sit around and bitch about the fact that they don’t have as much as some other people, instead of having to work constantly in order to just survive another day.

It’s funny because way up thread I basically said this and told him to reach Schumpeter, but it wasn’t a YouTube video from Comrade MMT so he ignored it.

[usmccds423]

@usmccds423

**For fuck sakes dude, just read some Schumpeter. At least then you might be able to make an actual argument about “end-stage capitalism” from someone that wasn’t an activist, but a respected economist.

@castoli711

No that’s because I’m not a capitalist sycophant.

-Joseph Schumpeter 1942

yOu’Re CapTuReD bY aN iDeOlOgY

Fuck off

[castoli711]

@cyclonengineer

The article also doesn’t claim that everyone hates their boss.

I’m not saying “everyone hates their boss” I know there is always an exception.

@cyclonengineer

Everyone of those reasons can be summarized as “That particular boss is an asshole”.

And they do exist. Just ask an employee.

@cyclonengineer

I lean Buddhist where karma and negative rebirth are a thing,

What of those who don’t lean Buddhist? Should enacting a judgement for wrong doing not be pursued?

@cyclonengineer

you would make exactly $0

And I would find something else.

@cyclonengineer

Again, that’s your hang up. I have no issues with having a schedule

I have done both and no schedule is better. If you like having a schedule, good for you. I do what I want, when I want.

[castoli711]

@usmccds423

“end-stage capitalism” from someone that wasn’t an activist, but a respected economist.

So everyone I cite or read about is an activist? What about the economists?

Who is Schumpeter respected by?

@usmccds423

actual argument about “end-stage capitalism”

The argument is all around you, for fuck’s sake. How blind can you be? Like Plato’s Allegory In The Cave, you’re just watching shadows on the wall and believing them to be reality.

[castoli711]

Kinda like the U.S.

[cyclonengineer]

@castoli711

Buddhist? Should enacting a judgement for wrong doing not be pursued?

Yes that should happen and does for actual crimes. Running a successful business by the rules set up by the governing body of where those businesses reside is not a crime. Even if the laws are screwy.

You and I agree that corporations should not be able to monetarily lobby that governing body.

@castoli711

@cyclonengineer

That particular boss is an asshole”.

And they do exist. Just ask an employee.

I have worked for these folks. Notice the past tense. There is a reason they no longer have my skill set available to them.

@castoli711

And I would find something else.

With what demonstrable skills?

[usmccds423]

@castoli711

Who is Schumpeter respected by?

Man, whatever. Keep being a fucking idiot. I don’t care.

[usmccds423]

lmao.

Kids, don’t do drugs.

[dt79]

Zero knowledge of modern China history. Not even the most basic of the basics. Ziltch. Where is the fellow getting his info from? Now I’m seriously curious. This is like twilight zone shit, man. In the past, there were at least grey areas and valid points of debates like, for example, financial liberalization in the Nordic States wrt to it’s pros and cons, but this is bizarro world shit.

[castoli711]

I just asked a question and you get all butt-hurt.

[castoli711]

@cyclonengineer

You and I agree that corporations should not be able to monetarily lobby that governing body.

But they do. How was this made possible?

@cyclonengineer

With what demonstrable skills?

So trading currencies is all I’ve done?

[castoli711]

@NickViar

U.S. is heading TOWARDS capitalism?

Yes towards it’s last gasp.

[castoli711]

@usmccds423

We’ve been #1 for the last hundred years or so. I think we’ll be fine.

All good things they say never last.

@usmccds423

Yes, no one is tired of China’s shit…

Not to the degree of world police.

@usmccds423

Authoritarianism seasoned with slavery and sweatshop labor is much better.

Are you talkin’ bout the U.S.?

@usmccds423

Imagine how much less co2 we’d produce if day trading wasn’t legal.

The military is one of the, if not the largest contributor of CO2.

@usmccds423

Sorry I understand what words mean.

Just not ideas.

@usmccds423

Amazon operates in a lot of industries and they are not the largest in them all.

How well do they do in the e-commerce sector of the economy?

@usmccds423

Name a single inelastic product Amazon produces.

They may not actually produce it but they certainly sell it. Chocolate.

@usmccds423

working knowledge of how business works.

But not federal economics at all.

@usmccds423

It’s not and you would know this if you ever had an actual job in finance.

The Real Reasons Companies Are So Focused on the Short Term

Maybe it is NOT what ought t be pursued but the trend is exactly what is being pursued.

@usmccds423

You’re only able to trade currency because producers support you.

I can and would do something else if this dried up.

[castoli711]

@usmccds423

We’ve been #1 for the last hundred years or so. I think we’ll be fine.

All good things they say never last.