cobran20

Martin Armstrong's Economic Writings

3837 posts in this topic

4 hours ago, Mr Medved said:

Interesting to see 85,000+ views in less than a week.

It would be interesting to know how many of those viewers work for governments and central banks. :)

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I wonder how Armstrong brings the view of free education being bad economically in line with building the wall. I assume he does for now as I haven't seen him say anything anti wall but it must be causing a bit of tension for him I'd have thought.

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Are you talking about the Mexico wall? He's said that's to keep people in (not out), though I can't remember if he explicitly said it was a bad thing, but I took he implied it was bad.

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9 hours ago, tor said:

I wonder how Armstrong brings the view of free education being bad economically...

Depends on what the student who is receiving the free education is studying. If it can be applied directly to gaining employment where there is a demand for such skills/knowledge, then it benefits the economy. Otherwise it is a complete waste of tax payers' money. Many generic Arts degrees are totally useless, except for personal interest. There is also not much point in doing degrees where there is a glut. Teaching is a very good example, where it goes through periods where there is an excess supply and graduates are forced to get totally unrelated jobs, often where the degree undertaken was irrelevant.

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1 hour ago, cobran20 said:

Depends on what the student who is receiving the free education is studying. If it can be applied directly to gaining employment where there is a demand for such skills/knowledge, then it benefits the economy. Otherwise it is a complete waste of tax payers' money. Many generic Arts degrees are totally useless, except for personal interest. There is also not much point in doing degrees where there is a glut. Teaching is a very good example, where it goes through periods where there is an excess supply and graduates are forced to get totally unrelated jobs, often where the degree undertaken was irrelevant.

As far as I can tell Armstrong hates the free education for being socialism and wasteful. The wall he hasn't come out against despite it being the same thing on a bigger scale.

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12 hours ago, tor said:

As far as I can tell Armstrong hates the free education for being socialism and wasteful. The wall he hasn't come out against despite it being the same thing on a bigger scale.

The wall can be more efficiently built using laser technology.

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1 hour ago, cobran20 said:

The wall can be more efficiently built using laser technology.

I was thinking about that actually. Any wall that is built is going to need motion sensors otherwise people will just scale it / go under or through it. Which means you may as well not have the wall. Motion / heat sensors will still only work if you have rapid response people. Presumably that can't be done (or it would have already been done).

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41 minutes ago, tor said:

 Presumably that can't be done (or it would have already been done).

From what I understand, they already have a considerable force available, including lots of helicopters.

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3 hours ago, cobran20 said:

From what I understand, they already have a considerable force available, including lots of helicopters.

Which, if there is still a problem, don't work I guess. Maybe if you slow the immigrants down a few extra minutes with a beautiful wall that will solve it... yeah that must be the thinking.

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4 hours ago, tor said:

Socrates doesn't know? Seems the perfect article to make a prediction.

Only predicted that the winner would be anti-establishment. Both Macron and La Pen qualify as both main parties failed to make it to the final. The same would apply to Trump as he is non establishment, though he used the Republicans to get into power. Also applies to Brexit.

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2 minutes ago, cobran20 said:

Only predicted that the winner would be anti-establishment. Both Macron and La Pen qualify as both main parties failed to make it to the final. The same would apply to Trump as he is non establishment, though he used the Republicans to get into power. Also applies to Brexit.

The froggies have quite different platforms though (pro / anti globalisation). I'd have thought he would have made a prediction simply because that is a pretty important topic for him.

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