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Only three people voted against british rule. SURPRISE SURPRISE

This doesn't make any sense whatsoever. The government either intervenes in the economy (Keynesianism) or it doesn't (liberalism). There's no middle ground. Read Ludwig von Mises. Start with "Economic Policy: Thoughts For Today And Tomorrow". You'll change your mind. T H I S

Credit expansion might work for some time, but it always ends up creating a crisis. It makes no sense whatsoever to blame the Great Recession on the liberalism because there is no liberalism. Interventionism reigns all over the world. If you really want to known what caused the 2007-08 crisis, watch THIS documentary. I could also recommend you some great books on the subject, but there are too many, so I'll recommend you read about Austrian Economics. Start with Ludwig von Mises or Friedrich Hayek. Also, these two videos are great and also very funny. [ame]www.youtube.com/watch?v=d0nERTFo-Sk[/ame] [ame]www.youtube.com/watch?v=GTQnarzmTOc[/ame]

There are no upsides in keynesian economics. Absolutely none. Credit expansion caused both the Great Depression (and was aggravated by the New Deal) and the Great Recession. Frédéric Bastiat, in his famous essay "What is Seen and What is Unseen" explained brilliantly how it's simply impossible for the government to create jobs.

Of course it is. There are more people willing to work as cleaner than the demand for cleaners, and that's why the wages are low. I have no idea what you meant to say in this sentence. Maybe because English is not my mother tongue.

The supply is higher than the demand, therefore the wages tend to go down. What's wrong with that? Like I explained before, setting a minimum wage generates unemployment.

Wages, like everything in the market, are ruled by supply and demand laws. If the demand for workers in a profession is higher than the supply, the prices will go up until an equilibrium is reached; if the demand for workers in that profession is lower than then supply, the prices will go down until an equilibrium is reached. Setting a minimum wage generates unemployment. Some will get a raise, of course, but others will be deemed unworthy of a raise and will end up getting fired. I'm not sure I gave the best explanation I could, I'm not fluent in English.

That's what I meant too :rolleyes: Anyway, the iron law of wages is false.

It was a rhetoric question. Black Rose said that, if there wasn't a minimum wage, companies would pay extremely low salaries, but if that was true, companies would pay everyone the minimum wage.

What does this have to do with what I said?

If that is true, what's stopping the companies from paying everyone only the minimum wage?

[ame=http://www.youtube.com/watch?v=FONN-0uoTHI]Ron Burgundy - That Escalated Quickly - YouTube[/ame]

Meanwhile, in a Brazilian state league... [ame=http://www.youtube.com/watch?v=JghjJVRCzCU]Inter x Caxias - Gauchão 2013 - ENTREVERO - YouTube[/ame]

That city is in my state. Holy shit. I'm speechless. I live in Porto Alegre, the capital city of Rio Grande do Sul. A major avenue was closed and is being used as a landing site for helicopters coming from Santa Maria bringing injuried survivors. The state football league matches of the day were postponed. Dilma, the president of Brazil, who was born in Rio Grande do Sul, came all the way from Chile to Santa Maria.

YEEEEEEEEEAH!!!! THANK YOU, RAVENS, THANK YOU!!!