Originally Posted by Alric
The except to that definition is food. Though if you stick random things into your mouth, that you shouldn't be eating, then yea that is a drug. Especially if its causing an effect.
You can't say it doesn't effect your body, since clearly it does. It supposed to after all. But more than that, it does have other things mixed into, which we already talked about(and there was more than just the mercury.) And you are not eating it, you are shooting it right into your blood, which skips most of the filter processes in your body.
Then is the blood you get from blood transfusion a drug? Man, stop bending over yourself to try to come off as right, admit you were wrong and that vaccines aren't drugs.
I know things are never the same, but they are often very similar in nature. Such as the cause of inflation, which is nearly all the same. The government may try to do it in different ways or different reasons but it always has the same result.
The cause of inflation is never the same. If you had studied economical history you'd know.
The government intervention is rarely a good thing. Even if they some times help short term, they almost never help long term, and normally do more damage long term than they fixed.
Government intervention is what allows us to live in society. It's the reason one single company hasn't taken over the world yet. So don't say it's not a good thing. Economy without intervention is like letting kids play without a watching parent - sooner or later they will get hurt.
As for their government, it really isn't an issue of them being a dictatorship. It has more to do, with having a corrupt government. Which I hate to say but we do indeed have in the US. Its so common, people hardly even flinch when they hear of a new politician getting in trouble. What is worse is they are almost never held accountable for their actions, and are almost never arrested. They just resign from their position, and its like the fact they are criminals doesn't matter.
So the dictatorship is not really the problem?
I wonder why I'm still talking to you.
You can call it what you wish, but the results are the same. When they try to push it to hard, it comes crashing back down. The same things happens when the government gives money to failing businesses. They interfere and try to prop up failing businesses which simply are not competitive in a real market. They waste tons of money, and then the company fails anyway. In the processes they do not have the money to bail out the company so they just inflate the currency in the process.
All growing is a bubble, and all bubbles eventually burst. You can only do so much as be smart and make it last for a long time with a considerable size.
You have no idea how much a country loses if a bank goes bankrupt. It is perhaps the thing with greatest multiplicatory factor in economy. The smartest thing the government should do is, if not stop it, make the process slow down, so that the financial sector has time to respond.
Inflation can be good or bad, it only depends on which side of economy you are. For exporters, a devalorized money is a dream, while for importers, it is hell on earth. It's all subjective.
Savings are really important. If more American's had savings we wouldn't have so many problems in this country. Though if you try to save money, inflation will eat away at it.
Savings stagnate the economy, cause inflation and ultimately social inequality. The government doesn't "inflate" the currency to fight savings - inflation is a natural consequence of savings.
In a stable economy, you could put money in the bank then years later you could come back and withdraw it and have as much as you put in. That is not how it works. If you put money in the bank, when you come back you will find you have far less money than you put in. Which is why people try to invest in the stock market, since they have to try and keep up with the inflation.
Yes, always., Money today is worth more than money tomorrow, because today you still have time to invest on something and have more money tomorrow. The value of currency is always continually decreasing. This is Economy 101.
In a normal stable economy. You put say a house on the market, you will get fair market value for it. Well in the US, houses sold for fair price but when the demand for houses fell, what did the US do? They lower credit to try and give people easier accesses to loans. People go, "Oh great, now I can get cheap loans so I can get a good deal on a house." So instead of prices dropping slightly to a fair value the prices actually go up high. Then the banks come in, and they find they can get a lot of money from the government they start giving loans to everyone. So even more people got money to buy houses, and so they do. The price goes even higher.
Exactly. Extravagant capitalism. Trying to give people money they don't have (or that doesn't exist for the matter) so they can consume more. It's what makes the bubble burst. The american 1929 crisis was a crisis of overproduction, the american 2008 crisis was the crisis of overfinancing.
It comes to a point, where the price of a house is just so much higher than its real value, that people can't afford it anymore. So what does the government do? They try to low credit even lower, they start funneling money into banks to try to prop them up.
Well, that is what your dumb, libertarian government did. A real government would makes loans harder to get, to decrease demand and lower house prices.
They push it on for a little longer but then eventually housing prices plummet down to their real prices. Everyone who bought at the higher prices get screwed, the government tries to dump even more money into it to fix the problem. And you got the mess we have today.
More like, people got money they didn't have, and then they have to pay it back, by a lot more. Simple stuff.
If you look back though, had the government left things alone there wouldn't have been a problem. The government caused the entire problem. They wanted to fix a minor short term problem, and the result is they caused a major long term one.
Well, with a government as dumb as Bush's was, I really see why you complain. Matter is, the governmental actions that made the crisis were libertarian. A leftist government wouldn't have done that.
Which is a common theme throughout the government, and happens in many areas.
Yet they are all very different, in cause and effect.
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