The Power of the SCOTUS III: Roberts' Rules of Order

[Kepler]

Re: The Power of the SCOTUS III: Roberts' Rules of Order

There is no value to the money. Go back to the gold standard.

The gold standard only works when 80% of the country can't vote.

 

[Bakunin]

Re: The Power of the SCOTUS III: Roberts' Rules of Order

Not to mention we're taking the Zimbabwe approach. Market nominal value is going down? Print more money to put smiles on investors' faces!

As long as the rest of the world continues buying our bonds at pitiful yields, we won't be punished for our borrowing or money printing. There simply isn't a viable competitor (yet) for this market.

 

[Kepler]

Re: The Power of the SCOTUS III: Roberts' Rules of Order

Good essay demolishing the "Devil take the hindmost" theory of the Court's right wing.

 

[FlagDUDE08]

Re: The Power of the SCOTUS III: Roberts' Rules of Order

As long as the rest of the world continues buying our bonds at pitiful yields, we won't be punished for our borrowing or money printing. There simply isn't a viable competitor (yet) for this market.

I hear "hello" from China.

 

[St. Clown]

Re: The Power of the SCOTUS III: Roberts' Rules of Order

I hear "hello" from China.

On a total GDP, China can overtake us in a few decades - sooner if they can get some of their own issues figured out soon. The problem for China is that their per capita GDP will be much lower than ours for a very long time. They have close to triple our population, so even once their aggregate GDP surpasses us, we'll still have better overall living conditions than the Chinese.

 

[Kepler]

Re: The Power of the SCOTUS III: Roberts' Rules of Order

On a total GDP, China can overtake us in a few decades - sooner if they can get some of their own issues figured out soon. The problem for China is that their per capita GDP will be much lower than ours for a very long time. They have close to triple our population, so even once their aggregate GDP surpasses us, we'll still have better overall living conditions than the Chinese.

That and nobody has any idea what the real economic numbers are in China. My impression is that the whole country is a real estate bubble waiting to pop.

 

[Bob Gray]

Re: The Power of the SCOTUS III: Roberts' Rules of Order

There is no value to the money. Go back to the gold standard.

There's value until implode or we gradually devalue our currency and people pay attention to financial fundamentals.

 

[Priceless]

Re: The Power of the SCOTUS III: Roberts' Rules of Order

The gold standard only works when 80% of the country can't vote.

And...?

 

[geezer]

Re: The Power of the SCOTUS III: Roberts' Rules of Order

That and nobody has any idea what the real economic numbers are in China. My impression is that the whole country is a real estate bubble waiting to pop.

That and several people I know who have worked in China say the economic situation there is a shell game of government dependency, totally incompetent corporate management, capital overreach and waste which will never compete with a fundamentally solid and open economy like ours until a massive multi-generational rebuilding effort clears the air and educates the people. It's like they're all playing a huge game of Monopoly without any understanding of the real life underpinnings. So they end up with vast shiny new gov't funded widget factories sitting empty, etc. Then fudge the numbers to make it look good to the world.

 

[Priceless]

Re: The Power of the SCOTUS III: Roberts' Rules of Order

That and several people I know who have worked in China say the economic situation there is a shell game of government dependency, totally incompetent corporate management, capital overreach and waste

But enough about the US, what about China?

 

[geezer]

Re: The Power of the SCOTUS III: Roberts' Rules of Order

But enough about the US, what about China?

yes, our own boat is maybe two feet longer and we're bragging about having 10 more horsepower in our outboard. But the storms don't care about relative vulnerability.

i.e., our managers are much much better. At least from the financial shareholders point of view.

 

[unofan]

Re: The Power of the SCOTUS III: Roberts' Rules of Order

although it's possible to be appointed a public defence attorney, they aren't necessarily up to snuff on medical law

And this is where I stop reading, since it's apparent that you don't even know the right to counsel applies only to criminal cases...

(also, medical law is just your basic tort law writ large. it's simple to understand, hard to try because it requires expert witnesses)

 

[unofan]

Re: The Power of the SCOTUS III: Roberts' Rules of Order

I think you're misunderstanding the problem. It's not that these cases are won by plaintiffs to the tunes of billions of dollars, driving up healthcare costs. It's that the THREAT that any random case against any one individual COULD win (decided by juries) that drives up malpractice insurance costs to the tunes of billions of dollars, which is actually what drives up healthcare costs. My bro-in-law has never been sued in near 20 years of practice, but his malpractice insurance premium is incredibly high - I think it costs him more than his take-home pay. That cost is there regardless if he is ever sued.

Imagine if all (essential/basic) medical care were provided by a single institution, such as a government, perhaps. And that institution covered all medical care for everyone. Suddenly, future damages for med mal cases are lessened because there's little to no out of pocket expenses to be incurred.

There is no value to the money. Go back to the gold standard.

You forgot to add: RON PAUL!!!!!!!!!!

(also, the gold standard is an absolutely horrible idea, not to mention completely unfeasible at this point in time since there simply isn't enough gold).

 

[FlagDUDE08]

Re: The Power of the SCOTUS III: Roberts' Rules of Order

Imagine if all (essential/basic) medical care were provided by a single institution, such as a government, perhaps. And that institution covered all medical care for everyone. Suddenly, future damages for med mal cases are lessened because there's little to no out of pocket expenses to be incurred.

Then imagine that that single institution, finding itself wallowing in debt, decides it is most efficient to decrease supply... wait that's too difficult of a phrase to understand... ration the care, and effectively decides who lives and who dies. Don't call me if you end up on the death list.

 

[unofan]

Re: The Power of the SCOTUS III: Roberts' Rules of Order

Then imagine that that single institution, finding itself wallowing in debt, decides it is most efficient to decrease supply... wait that's too difficult of a phrase to understand... ration the care, and effectively decides who lives and who dies. Don't call me if you end up on the death list.

Because health insurance companies aren't already rationing care at all...

 

[FlagDUDE08]

Re: The Power of the SCOTUS III: Roberts' Rules of Order

Because health insurance companies aren't already rationing care at all...

If you're not taking payment into account...

 

[Slap Shot]

Re: The Power of the SCOTUS III: Roberts' Rules of Order

Is extending life beyond what many would consider a reasonable point even a political pov? Perhaps that suggestion hasn't been made, but it's easy to say, "pull the plug" from afar yet probably a completely different sentiment when making the choice up close and personal. I dunno I could be rambling...

 

[Bakunin]

Re: The Power of the SCOTUS III: Roberts' Rules of Order

I hear "hello" from China.

Won't happen anytime soon. They are control freaks about their currency valuation; until that changes, there simply won't be enough supply/liquidity of it to satisfy global demand.

 

[Craig P.]

Re: The Power of the SCOTUS III: Roberts' Rules of Order

What is it they say? When you owe the bank $10,000, the bank owns you; when you owe the bank $10 MM, you own the bank?

The U.S. owns the bank.

 

[Bakunin]

Re: The Power of the SCOTUS III: Roberts' Rules of Order

Much of the debt is owed to the public, i.e. ourselves. So does the government own us?