Board 8 > What if Judge Napolitano was awesome? (Official Ron Paul 2012 topic)

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red sox 777
02/27/12 10:53:00 PM
#301:


You really think, say, Walmart would cease to exist if you stop shopping at it/supporting it?

If everyone who thought like you did the same, yes!

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foolm0ron
02/27/12 10:56:00 PM
#302:


From: Mr Lasastryke | #297
You really think, say, Walmart would cease to exist if you stop shopping at it/supporting it?


Duh? Unless Walmart has some sort of secret unaccountable money printing power that lets them make money out of thin air.

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red sox 777
02/27/12 11:03:00 PM
#303:


In fact, in many ways publicly traded corporations are hypersensitive to small changes. Let's say Wal-Mart has Revenue of $200B and costs of $180B. It then has $20B of profit, and with a price/earnings ratio of 10, the stock is worth $200B. Now, 1% of Wal-Mart's customers suddenly decide to stop visiting, but too late for WMT to adjust by buying fewer items from suppliers. Revenue does down to $198B, and profit goes down to $18B. That's a loss of 10%. If the P/E ratio stays the same, the stock will also fall by 10%. That's a paper loss of $20 billion dollars to shareholders right there. Each dollar not spent at WMT resulted in the shareholders losing 10 dollars.

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red sox 777
02/27/12 11:14:00 PM
#304:


And I agree that monopolies are bad. Competition is good, concentration of power is bad. Monopolies are anticompetitive so they are bad.

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Mr Lasastryke
02/28/12 12:18:00 AM
#305:


Duh? Unless Walmart has some sort of secret unaccountable money printing power that lets them make money out of thin air.

I'm pretty sure Walmart wouldn't immediately go bankrupt if I would stop shopping there and tell a couple of friends to do the same. (Well, there actually aren't any Walmarts where I live, but let's assume there are for the sake of the argument.)
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foolm0ron
02/28/12 12:40:00 AM
#306:


From: Mr Lasastryke | #305
I'm pretty sure Walmart wouldn't immediately go bankrupt if I would stop shopping there and tell a couple of friends to do the same


Oh sorry, I didn't think you were actually being literal when you said that Walmart would magically cease to exist. Sorry for giving you the benefit of the doubt and assuming you were making a reasonable point.

Of course it wouldn't be immediate, and it wouldn't happen if it was just me.

But if no one supported Walmart, they would cease to exist. The same cannot be said of a strong federal government.

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foolm0ron
02/28/12 12:52:00 AM
#307:




XFD "THEY%uFEFF HAD TO EVEN GIVE THEM BACK AT THE END"

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Mr Lasastryke
02/28/12 1:09:00 AM
#308:


But if no one supported Walmart, they would cease to exist.

True, but that wasn't the point TomNook (which I was initially responding to) was making. I'm not afraid of corporations, but his "no reason to be afraid of corporations; you can always stop shopping at them!" reasoning is nonsensical. It's pretty likely that if I stop shopping at a corporation I'm afraid of, this won't actually have a major effect on this corporation.
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foolm0ron
02/28/12 1:27:00 AM
#309:


From: Mr Lasastryke | #308
It's pretty likely that if I stop shopping at a corporation I'm afraid of, this won't actually have a major effect on this corporation.


I really don't understand why you keep saying this.

Are you saying that if all the millions of other Walmart customers kept shopping at Walmart, but only you stopped, then Walmart wouldn't change significantly? Is that really all you're trying to say? If you're just 1 of millions, then you can't make significant change on your own, that's how democracy works.

Are you saying that you should still fear a company that you don't even buy things from? How does a company have any control over a person that isn't even their customer? I think you're confusing corporations with governments.

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Mr Lasastryke
02/28/12 1:46:00 AM
#310:


Are you saying that if all the millions of other Walmart customers kept shopping at Walmart, but only you stopped, then Walmart wouldn't change significantly? Is that really all you're trying to say?

Yes. And I'm saying this as an attack on TomNook's reasoning of "you shouldn't be afraid of corporations because you can always stop shopping at them." Like, I don't see why I should be less afraid of a corporation after ceasing to buy stuff from them, because that won't actually have much of an effect on the corporation. "You shouldn't be afraid of corporations because they don't control your lives" is reasoning I can get behind, however.

Are you saying that you should still fear a company that you don't even buy things from?

No, I'm not. Like I said, I'm not afraid of corporations. It was Tom who accused "liberals" of being "so afraid of corporations".
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LordoftheMorons
02/28/12 1:48:00 AM
#311:


foolm0ron posted...
have any control over a person that isn't even their customer? I think you're confusing corporations with governments.

Well it's not exactly "control," but large companies can certainly affect you by driving smaller companies that offer services you prefer out of business. Or maybe you're concerned with a company's environmental impact or something.

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SmartMuffin
02/28/12 6:52:00 AM
#312:


From the lawsuit: "The evidence is, in fact, absolutely conclusive that the Standard Oil Company charges altogether excessive prices where it meets no competition, and particularly where there is little likelihood of competitors entering the field, and that, on the other hand, where competition is active, it frequently cuts prices to a point which leaves even the Standard little or no profit, and which more often leaves no profit to the competitor, whose costs are ordinarily somewhat higher."

In order for that "evidence" to be even remotely true, they must have cherry-picked an INCREDIBLY small time window. Do your own research here, the evidence is abundantly clear that over the history of their company, Standard Oil DRAMATICALLY lowered prices, improved quality, and improved safety. "Excessive prices" are impossible to define. The fact of the matter is that they "successfully strangled all competition" not through any form of illegal activity, but through offering the consumers a better product for less money. HOW DARE THEY!!!

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red sox 777
02/28/12 12:48:00 PM
#313:


Well, as someone who just bought Suncor stock, I am now rooting for higher oil prices. $5 gas, $6 gas, $8 gas? Let's do this.

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red sox 777
02/28/12 12:56:00 PM
#314:


Suncor may present a modern example of why what Standard Oil did could be bad, by the way. There is a ton of oil in Canada and the US in the form of oil shale/oil sands. The problem is that it is expensive to extract. As a result, companies like Suncor do not break even until gas gets around the $2 mark.

If Standard Oil hadn't been broken up (ignoring for the sake of argument the fact that oil companies are less powerful at controlling prices than the governments of oil producing nations nowadays), no one would bother investing in oil sands, despite the massive amount of petroleum in it. It would be impossible to turn that oil in the ground into profit, because Standard could just cut oil prices to below $2 (still way above the profitability point for normal oil) and force them out.

What is the result? Consumers get less oil. That is why it is bad. Of course, if you don't care that consumers get less oil total, then you may not care.

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SmartMuffin
02/28/12 5:11:00 PM
#315:


But consumers won't get less oil TOTAL because the total demand for oil will be unaffected.

I've owned a bunch of BP for awhile. Still underwater because I bought the first half BEFORE deepwater horizon. Getting close to even though.

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SmartMuffin
02/28/12 5:17:00 PM
#316:


This is worth watching.



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red sox 777
02/28/12 5:28:00 PM
#317:


But consumers won't get less oil TOTAL because the total demand for oil will be unaffected.

But the total supply is lower. The amount of oil consumers get is the lower of demand and supply. They can't get oil that isn't taken out of the ground no matter how much they demand it.

I've owned a bunch of BP for awhile. Still underwater because I bought the first half BEFORE deepwater horizon. Getting close to even though.

Ouch on the oil spill. Let's cheer for $9 gas (coming to a gas station near you within 5 years!).

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SmartMuffin
02/28/12 5:30:00 PM
#318:


But the total supply is lower. The amount of oil consumers get is the lower of demand and supply. They can't get oil that isn't taken out of the ground no matter how much they demand it.

But as demand increases, it becomes worth it for Standard Oil to either pump more out of the ground, or explore shale options for themselves.

Ouch on the oil spill. Let's cheer for $9 gas (coming to a gas station near you within 5 years!).

Well, much like the hyperinflation deal, I don't own ENOUGH BP for it to be worth my while to see massive gas prices. Anyway, the oil spill let me lower my cost basis, and I'm confident it'll come back eventually, so it's not a huge deal for me.

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red sox 777
02/28/12 5:44:00 PM
#319:


But as demand increases, it becomes worth it for Standard Oil to either pump more out of the ground, or explore shale options for themselves.

Not while they still have non-shale reserves left. It's better for them to just keep pumping up the price for a long long time. So you're right that eventually, all the oil will be used, but it will take longer. Which is just as bad as saying consumers get less.

With a more competitive market, companies would want to invest in shale because they want to increase production. They would get a higher market share that way. Standard cannot increase its market share because it is already at 100%. So yes, eventually they will go to oil shale, but much later. In the meantime it's better for them to sell half as much oil at double the price.

Well, much like the hyperinflation deal, I don't own ENOUGH BP for it to be worth my while to see massive gas prices. Anyway, the oil spill let me lower my cost basis, and I'm confident it'll come back eventually, so it's not a huge deal for me.

I doubt that unless you drive a lot, or have a vehicle with low MPG. Much like the hyperinflation if you do the math, I think you'll find that it works out favorably for you.

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SmartMuffin
02/28/12 5:54:00 PM
#320:


From a long-term numerical standpoint you may be right. But the reality is that I don't plan on cashing out my BP anytime soon. It's an investment for the future. Future me might be better off, but present me would be annoyed by having to double my gas budget.

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red sox 777
02/28/12 6:05:00 PM
#321:


This discussion makes me think that environmentalists should love Standard Oil. Less carbon emissions!

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red sox 777
02/28/12 8:57:00 PM
#322:


Decent results tonight. Romney won Michigan and Arizona, Paul managed to beat Gingrich in Michigan.

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SmartMuffin
02/28/12 9:07:00 PM
#323:


Hey MIB, I'm reading the Judge's latest book, "It's Dangerous to be Right When The Government is Wrong" and whaddya know, right there on page 38...

"As Noam Chomsky stated, 'If we don't believe in freedom of expression for people we despise, we don't believe in it at all.'"

Context was defending the WBCs right to protest, if you're curious.

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redrocket
02/29/12 12:52:00 AM
#324:


So you're admitting this Noam Chomsky guy isn't all bad after all?

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SmartMuffin
02/29/12 6:38:00 AM
#325:


No. He's still a communist. Just happens to be right on one issue! Broken clock, etc.

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OmarsComin
02/29/12 6:55:00 AM
#326:


he's on record for holding that view a lot. he also defended a French university professor who claimed that the Holocaust never happened. They wanted to throw the dude in jail. Chomsky was like "freedom of speech means nothing if we only reserve it for views we agree with." French media went berserk because they are apparently mentally handicapped and don't understand how free speech actually works.
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SmartMuffin
02/29/12 7:12:00 AM
#327:


From: OmarsComin | #326
he's on record for holding that view a lot. he also defended a French university professor who claimed that the Holocaust never happened. They wanted to throw the dude in jail. Chomsky was like "freedom of speech means nothing if we only reserve it for views we agree with." French media went berserk because they are apparently mentally handicapped and don't understand how free speech actually works.


DIDN'T they throw the guy in jail? I know it's illegal to deny the holocaust in Germany, I think it is in France too. I also remember hearing something recently about the Armenian genocide being added to that list. I think that was in France. There was concern that it would damage their diplomatic relationship with Turkey or something.

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OmarsComin
02/29/12 7:27:00 AM
#328:


not as far as I know. he got a suspended 3 month prison sentence at one point, but that's all I'm aware of. Chomsky's quote is here:

Let me add a final remark about Faurisson's alleged "anti-Semitism." Note first that even if Faurisson were to be a rabid anti-Semite and fanatic pro-Nazi -- such charges have been presented to me in private correspondence that it would be improper to cite in detail here -- this would have no bearing whatsoever on the legitimacy of the defense of his civil rights. On the contrary, it would make it all the more imperative to defend them since, once again, it has been a truism for years, indeed centuries, that it is precisely in the case of horrendous ideas that the right of free expression must be most vigorously defended; it is easy enough to defend free expression for those who require no such defense. Putting this central issue aside, is it true that Faurisson is an anti-Semite or a neo-Nazi? As noted earlier, I do not know his work very well. But from what I have read -- largely as a result of the nature of the attacks on him -- I find no evidence to support either conclusion. Nor do I find credible evidence in the material that I have read concerning him, either in the public record or in private correspondence. As far as I can determine, he is a relatively apolitical liberal of some sort.

http://en.wikipedia.org/wiki/Faurisson_affair

The whole wikipedia article is worth reading though. another Chomsky quote on the matter, my personal favorite:

A professor of French literature was suspended from teaching on grounds that he could not be protected from violence, after privately printing pamphlets questioning the existence of gas chambers. He was then brought to trial for "falsification of History," and later condemned for this crime, the first time that a modern Western state openly affirmed the Stalinist-Nazi doctrine that the state will determine historical truth and punish deviation from it. Later he was beaten practically to death by Jewish terrorists. As of now, the European and other intellectuals have not expressed any opposition to these scandals; rather, they have sought to disguise their profound commitment to Stalinist-Nazi doctrine by following the same models, trying to divert attention with a flood of outrageous lies.

hold dat in ya chest, France! fraud country, for real.
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SmartMuffin
02/29/12 7:29:00 AM
#329:


It's hardly unique to France though. The assault on free speech in the non-America developed world is sickening. A Canadian pastor was threatened with jail-time when he refused to pay the fine the government gave him for reading the bible in a public square.

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red sox 777
02/29/12 7:31:00 AM
#330:


Many people don't really believe in free speech. And never have.

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OmarsComin
02/29/12 7:32:00 AM
#331:


edited that a couple times to add stuff right before/after you posted

think I covered my agreement at the end there, we're on the same wavelength on this issue. I assume most Americans are too.
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SmartMuffin
02/29/12 7:36:00 AM
#332:


I assume most Americans are too.

I wouldn't be so sure. Virtually every college campus in America teaches students that it's okay to make "hate speech" illegal.

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SmartMuffin
02/29/12 7:37:00 AM
#333:


So anyway, Chomsky was defending the Westboro guys speech in that quote? I agree they should have a right to speech. And if it's public space you should hold to that. Pretty much everyone is in agreement that they're awful people though.

No, The Judge was defending WBC in that section of the book, and he quoted Chomsky to support his argument. The context of Chomsky's quote was not given, although it was sourced and I could probably find it if I really want to.

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red sox 777
02/29/12 7:38:00 AM
#334:


Colleges don't teach that kind of thing more than students teach it to each other. Loads of people manage to make it through our college system without suffering any indoctrination like that.

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SmartMuffin
02/29/12 7:43:00 AM
#335:


From: red sox 777 | #334
Colleges don't teach that kind of thing more than students teach it to each other. Loads of people manage to make it through our college system without suffering any indoctrination like that.


They make you sign speech codes. I suppose it's true that the majority of students don't read them, and never happen to be victimized by them, but that's basically the same argument as "who cares about the patriot act, *I* have nothing to hide!"

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red sox 777
02/29/12 7:44:00 AM
#336:


They make you sign speech codes. I suppose it's true that the majority of students don't read them, and never happen to be victimized by them, but that's basically the same argument as "who cares about the patriot act, *I* have nothing to hide!"

I've never signed any such thing. Nor heard of a college that required it.

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SmartMuffin
02/29/12 7:45:00 AM
#337:


I encourage you to do a little more research. It might be embedded in some other enrollment documents or university policy fine print or whatever. You can look up your university here.

http://thefire.org/

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red sox 777
02/29/12 7:46:00 AM
#338:


And any school that does that should immediately have its federal funding revoked because that would be a First Amendment violation straight up.

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SmartMuffin
02/29/12 7:47:00 AM
#339:


From: red sox 777 | #338
And any school that does that should immediately have its federal funding revoked because that would be a First Amendment violation straight up.


I agree. We can save a lot of time by simply revoking the funding for all of them and letting the select few to whom it doesn't apply re-apply.

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red sox 777
02/29/12 7:53:00 AM
#340:


Well, there's nothing about schools I've attended worse than administration cancelling controversial events. Not nearly as odious as speech codes.

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red sox 777
02/29/12 7:56:00 AM
#341:


http://online.wsj.com/article/SB10001424052970203986604577253170034011512.html?mod=googlenews_wsj

Oh boy, Bernanke admitted that we are going to be getting some temporary inflation.

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OmarsComin
02/29/12 8:02:00 AM
#342:


my school prohibits harassment (almost all of the stuff is about sexual harassment) and racist speech

I assume sexual harassment is required by federal law, so not much to criticize there. racist speech, eh. I don't think it should be banned on a campus that receives federal funding but that's gonna be a hard argument to make for most people.
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SmartMuffin
02/29/12 8:04:00 AM
#343:


I assume sexual harassment is required by federal law

The problem is the interpretation. There's a big difference between "you can't grab a girl's ass" and "you can't tell sexist jokes," guess which way most campuses tend to lean?

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red sox 777
02/29/12 8:04:00 AM
#344:


Sexual harassment is actually a crime though (and a tort). Freedom of speech doesn't enable you to commit crimes, like fraud, for example.

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SmartMuffin
02/29/12 8:08:00 AM
#345:


From: red sox 777 | #344
Sexual harassment is actually a crime though (and a tort). Freedom of speech doesn't enable you to commit crimes, like fraud, for example.


Right, but the issue at hand is that many of the University codes are far more restrictive than the law actually is. Or the code itself might not specify, but rather, complaints are handled by university officials who are allowed to use their discretion, and, surprise surprise, their discretion is far more restrictive than the law actually is.

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red sox 777
02/29/12 8:11:00 AM
#346:


http://www.clevelandfed.org/research/data/inflation_expectations/index.cfm

The Cleveland Fed says the public's expected inflation rate is 1.34%. Have they lost it? There's no way the public expects an inflation rate that low. I'll read the paper in more detail later, but their methodology appears to be based on inflation swap derivatives.....I wonder who is doing all the buying and selling of these things.

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red sox 777
02/29/12 2:01:00 PM
#347:


5% decline in gold in a few hours after Bernanke didn't announce QE3 and hinted at trying to squash inflation. To the economists of the Cleveland Fed, I suggest you start looking more at gold prices when you try to calculate inflation expectations.

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SmartMuffin
02/29/12 4:49:00 PM
#348:


Buy on the dips, folks!

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foolm0ron
02/29/12 4:50:00 PM
#349:


From: red sox 777 | #330
Many people don't really believe in free speech. And never have.


They have the right to believe that, nothing wrong with that

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foolm0ron
02/29/12 5:09:00 PM
#350:


My college allows rape, but will get mad at you if you make a racist joke

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