Are we the last generation of Tiki? - General Tiki

M midnite Member 37? 47' N, 122? 26' W Joined: Mar 25, 2002 Posts: 1230	M midnite Posted posted on Fri, Feb 24, 2006 2:12 PM A past thread that touches on the topic of Tiki culture and Trekkies....read at your own peril Groovy read, that. A bit of the ole way-back machine. Alas, it brings tears to my eyes to read some of those posts. So many fine young TC'ers, now gone to the archived pages of history. We lost a lot of good men/women...why did they have to die? Why'd they have to kill Bong!?! Oh right, the macrame incident, it was his own damn fault. On topic: last generation of Tiki? Probably. Survival of the fittest, weed out the weak sisters, no upper body strength, bad clothes. That sort of thing. I know I'm the last of the midnite genetic line. I got fixed. It wasn't my idea, but part of my sentence on that morality charge. That videotape, the monkey and a dwarf episode. Mainly what got me was the Tricky Dick mask; the Yorba Lina mafia types got righteous lawyers. Sure he went China, but wage and price controls? Stupid Keynesian theory. Oh, you can alleviate some immediate pressure from price gougers, get a kick in the Dow and some happy poll-numbers. Ok, maybe some elements of usury laws are attractive. But full employment? It doesn't work, not in any remotely free-market economy. Inflation, the big threat, is really just a by-product of fiscal and monetary policies. Nixon couldn't see the forest for the trees and was too caught up in his WWII paradigm of rationing and pseudo-black markets. The real issue in the late 60's was Dick's aversion to any semblance of recessionary economy, harking back to what he saw as THE reason for his narrow loss to Kennedy in '60. While price controls may limit the costs of disinflation by prohibiting wage increases that are out of line with demand and prices. Restrictive monetary policy is the means to cure inflation, with price controls the soothing balm that takes away the pain. That may be logical, however the actual outcome is far from it. The pressures on the Federal Reserve to avoid recession may lead to a continuation or even acceleration of excessive growth in the money supply. And this is what happened under Dick Nixon in '71. It was argued, rather impotently, these controls were proper as they were being employed to delay the worst inflationary effects until a more fundamental inflation cure was put in place. Unfortunately, monetary policy continued to be expansionary, perhaps even more so. The basic premise remains true, it's fiscal and monetary policy, not governmental controlling of wages or prices. Just goes to show, you go Keynesian and you will get a shortage or a surplus. Tiki's cool... midnite

A past thread that touches on the topic of Tiki culture and Trekkies....read at your own peril

Groovy read, that. A bit of the ole way-back machine. Alas, it brings tears to my eyes to read some of those posts. So many fine young TC'ers, now gone to the archived pages of history. We lost a lot of good men/women...why did they have to die? Why'd they have to kill Bong!?! Oh right, the macrame incident, it was his own damn fault.

On topic: last generation of Tiki? Probably. Survival of the fittest, weed out the weak sisters, no upper body strength, bad clothes. That sort of thing. I know I'm the last of the midnite genetic line. I got fixed. It wasn't my idea, but part of my sentence on that morality charge. That videotape, the monkey and a dwarf episode. Mainly what got me was the Tricky Dick mask; the Yorba Lina mafia types got righteous lawyers.

Sure he went China, but wage and price controls? Stupid Keynesian theory. Oh, you can alleviate some immediate pressure from price gougers, get a kick in the Dow and some happy poll-numbers. Ok, maybe some elements of usury laws are attractive. But full employment? It doesn't work, not in any remotely free-market economy. Inflation, the big threat, is really just a by-product of fiscal and monetary policies. Nixon couldn't see the forest for the trees and was too caught up in his WWII paradigm of rationing and pseudo-black markets. The real issue in the late 60's was Dick's aversion to any semblance of recessionary economy, harking back to what he saw as THE reason for his narrow loss to Kennedy in '60.

While price controls may limit the costs of disinflation by prohibiting wage increases that are out of line with demand and prices. Restrictive monetary policy is the means to cure inflation, with price controls the soothing balm that takes away the pain. That may be logical, however the actual outcome is far from it. The pressures on the Federal Reserve to avoid recession may lead to a continuation or even acceleration of excessive growth in the money supply. And this is what happened under Dick Nixon in '71. It was argued, rather impotently, these controls were proper as they were being employed to delay the worst inflationary effects until a more fundamental inflation cure was put in place. Unfortunately, monetary policy continued to be expansionary, perhaps even more so. The basic premise remains true, it's fiscal and monetary policy, not governmental controlling of wages or prices.

Just goes to show, you go Keynesian and you will get a shortage or a surplus.

Tiki's cool...
midnite

Post #217083 by midnite on Fri, Feb 24, 2006 2:12 PM