This could be our future

Discussion in 'Off Topic' started by clearconscience, Apr 28, 2016.

  1. clearconscience

    clearconscience
    Vancouver, WA
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  2. salmonriverjohn

    salmonriverjohn
    N.W Oregon coast, Gods country
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    Could happen anywhere, anytime.
    I second the be prepaired suggestion.
     
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  3. Dyjital

    Dyjital
    Albany, Ore
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    How's that socialism working for them now?
     
  4. clearconscience

    clearconscience
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    But, but, I thought the govt would take care of us.
    They are the largest employer. And they are trying, I mean they are sending people home early.......and still paying them.
     
  5. Joe13

    Joe13
    NW of Vancouver
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    With the political atmosphere, it wouldn't take a whole lot of disaster to spark a civil war here IMO.

    Best be on guard 24/7 says I.
     
  6. PaulB47

    PaulB47
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    Hmmm, seems like a good way to drive those folks out of business. Not a rational response to the situation.

    Oh well, people will learn yet again that governments lead inevitably to ruin. Takes a while for the message to sink in.
     
  7. Nick Burkhardt

    Nick Burkhardt
    NE Oregon
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    No. Venezuela failed to maintain a diverse economy while undergoing its oil boom, so now that oil prices are low they do not have enough domestic agriculture to satisfy their needs and can no longer afford to import food.
     
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  8. RicInOR

    RicInOR
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    Who might be next? .... Puerto Rico is on the verge of bankruptcy. Of course the ol' USA is the co-signer for their debt.
     
    Last edited: Apr 29, 2016
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  9. salmonriverjohn

    salmonriverjohn
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    Do you mean our 51st state?
    Isn't that one of the 56 states old Barry Oblowma visited?
     
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  10. PaulB47

    PaulB47
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    What, all the farmers went to work on the oil rigs? o_O

    "Venezuela" did nothing, since "Venezuela" is not a sentient entity. It's better to avoid collective-speak if you can, since it hinders understanding.

    A farmer farms because he knows how to do it and how to make money doing it. If he was given some freebie by government to eliminate his incentive to earn an honest living, well that is a problem with the government. Usually, when you find a ruined economy, you will find a government behind it - either taxing people so heavily it makes no sense to work, or providing freebies so it makes no sense to work. Free markets never lead to such dislocations.
     
  11. salmonriverjohn

    salmonriverjohn
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    Great analogy Paul.
     
  12. nammac

    nammac
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    No, no, that was 57 states... Our educated, fearless leader...
     
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  13. PaulB47

    PaulB47
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    I ran into another explanation for the boom and bust:

    https://mises.org/blog/booms-busts-and-boundaries-economics

    l'm not sure what he means by "monetary interventions", but it appears creation of a gigantic welfare state would not cause a boom and subsequent bust. I'm guessing it would however lead to an economy less productive than otherwise.
     
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