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- @Macrotots Yep, Its the what have you done for me lately mentality. Also Dems will argue Obama deficits were necessary to get us out of recession, but that Trump deficits caused problems as the economy was growing when they were run up.
- Given how large past #Republican deficits have been relative to the initial rosy projections when the goal was to balance in 10 years, imagine how much further off the mark #Trump's deficits will be when even the pretense of eventual balance has been dropped!
- The higher Dec. trade deficit likely mean last quarter's low #GDP number will be revised even lower. It also likely means that GDP growth for all of 2017 may be less than the average annual growth rate experienced during Obama's 2nd term. But hope springs eternal for 2018.
- (1/2) Global stock markets are now nearly as oversold as at the market low in October 1987. Expect a powerful and tradable rally of 20% or so from here. Cover all shorts and go long the most oversold stocks. However, do not expect new highs.
- Ron Paul's Economic Myth Busters: Inflation & Capital Creation @SchiffGold http://bit.ly/1NosMPY
- Former Dallas Fed Pres. Richard Fisher throws former colleges under the bus in CNBC interview. He said "don't blame me I voted against QE3"!
- What should The Big Short have said about the Fed or Fannie/Freddie?
- Banks played a major role in the Great Depression, Scott Sumner
- The Fed and stock market are playing chicken. How much lower will stocks fall before the Fed stops bluffing its about to raise rates?
- According to Gallup, July was the 3rd consecutive month where consumers spent less money than they did in the same month last year.
Friday, April 8, 2016
Net Neutrality and Internet Services Providers: Are they natural monopolies? How do Austrians justify the current state of the ISP market?
Hello all. I'm 18 and currently doing a lot of reading on these issues in order to form an opinion. I've been introduced to Austrian Economics through a variety of sources, and its arguments are very compelling. However, there is one issue which I remain skeptical about. I have never been able to find an adequate conclusion in the debate between the two parties on the subject of regulating ISPs. More often than not both parties simply end by saying that the other has been fed propaganda and is wrong. Austrians will argue there are no natural monopolies, and that the current state of the ISP market is caused by government regulation. However, others will counter this by identifying that the Telecommunications Act of 1996 primarily dealt in deregulation, and that the oligopoly we now see is a result of this. I have not found a satisfying conclusion to this debate, and it is the barrier of my entry into fully accepting Austrian Economics.