My Tea Party Starts at 3:00pm

Indeed.

A former GF of mine was studying psychology, & they use all sorts of weirdly different statistical terminology & techniques for no apparent reason. Confusing as hell.

Of course. What do you think happens to an opamp circuit if you break the feedback loop?

What does that mean?

But politicians did the opposite--they broke and overrode the traditional, natural feedback loops:

o They pressured bankers to make loans they wouldn't normally make.

o They offered inducements to gain bankers' compliance.

o They isolated the loan-makers from the risk of loss: - by buying the loans - by guaranteeing the securities

o They protected the GSEs from reform

o They made money from the Treasury available at below-market rates.

for just a few examples.

Cheers, James Arthur

You're hopeless. Government's job is perpetuating government and will always be. Your last sentence is so wrong that it's laughable.

Then why do you fawn over Obama and his crew of incompetent communists?

DO you really think politicians have an interest in such? Evidence please.

Think about it. Maybe it'll come to you, comrade.

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I suggest you go read the writings of the "founding fathers" of the US. You will find that they formed the government for the purpose of ensuring the general welfare. This is the reason for governments to exist. If this by your definition make the US a communist country, you need to look a little more closely at how you define things.

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I suggest that *YOU* read them. The FF were very wary of government. You've obviously read nothing of what you speak or you wouldn't be a stateist either.

"General welfare" doesn't mean what *you* think it does.

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They formed a government for the purpose of seeing to the general welfare. That you can't see the difference between that and what they opposed is where you are missing the whole point. You have tried "communist" as an insult but didn't think it was strong enough so you added "incompetent". Now you are trying "stateist" as an insult. This really won't impress anyone.

The simple fact is that a gold standard based currency won't work because it hands the keys to the kingdom to an accident of geology. No other metal backed currency will work for the same reasons. Commodity backed currencies are not stable enough This means you are stuck with a fiat currency. Fiat currencies are regulated by the government. This means that the government must work against changes in the money supply if they are to maintain anything like a table economy. Since the purpose of government is the general welfare, there is no choice in the matter.

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Wrong. They formed a government for the purpose of general defense. The states and individuals were left to what you call "general welfare".

No it is *you* that misses the entire point. We are *not* a people of government.

Obama is both incompetent and a communist. You are a statist and just love it when government runs your life (evidently you are incapable). Facts are facts. You can only be insulted if you don't like who you are.

What absurd logic. I didn't expect better though.

On May 3, 2:48=A0pm, krw wrote: [... snip ....]

Here are the exact words that state the purpose:

"We the people of the United States, in order to form a more perfect union, establish justice, insure domestic tranquility, provide for the common defense, promote the general welfare, and secure the blessings of liberty to ourselves and our posterity, do ordain and establish this Constitution for the United States of America."

Notice "promote the general welfare". There it is right their in the founding document.

I have something to do perhaps more later.

And I repeat, "general welfare" does *NOT* mean what you think it does. If it did, the rest of the Constitution means nothing.

I hope not.

N "To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;"

Hence the requirement that they work to prevent changes in the money supply, just like I said they should.

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And this exchange is exactly why i ignore krw.

Ayup. That seems pretty reasonable.