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Comptroller General of the USA predicting economic collapse
Originally posted by DinoDoc
I'd be willing to take that bet.
What bet? Seriously, do read what people post?
“As a lifelong member of the Columbia Business School community, I adhere to the principles of truth, integrity, and respect. I will not lie, cheat, steal, or tolerate those who do.”
"Capitalism ho!"
Originally posted by DanS
Well, that's what my undergrad thesis was on, so fire away! I'll be referee.
I'm satisfied with my baseless position.
“As a lifelong member of the Columbia Business School community, I adhere to the principles of truth, integrity, and respect. I will not lie, cheat, steal, or tolerate those who do.”
"Capitalism ho!"
“As a lifelong member of the Columbia Business School community, I adhere to the principles of truth, integrity, and respect. I will not lie, cheat, steal, or tolerate those who do.”
"Capitalism ho!"
Originally posted by PLATO
I have to agree with Kid here. There is a reason for economics and for accounting. Generally accountants profess an understanding of economics that they just don't have.
Most accountants make no such claims. Economists on the other hand do claim an understanding of economics that they just don't have.
One day Canada will rule the world, and then we'll all be sorry.
THEY!!111 OMG WTF LOL LET DA NOMADS AND TEH S3D3NTARY PEOPLA BOTH MAEK BITER AXP3REINCES
AND TEH GRAAT SINS OF THERE [DOCTRINAL] INOVATIONS BQU3ATH3D SMAL
AND!!1!11!!! LOL JUST IN CAES A DISPUTANT CALS U 2 DISPUT3 ABOUT THEYRE CLAMES
DO NOT THAN DISPUT3 ON THEM 3XCAPT BY WAY OF AN 3XTARNAL DISPUTA!!!!11!! WTF
Originally posted by DinoDoc
I'm not exactly sure you know the nature of or the causes of the event your reference.
By the last days of the French monarchy, the aristocracy paid no taxes. Rather, taxes were laid almost exclusively on the burgeouise and the farmers. Lavish government spending led to staggering deficits.
When bad weather hit, the farmers couldn't pay their taxes. Three quarters of the Normandie farmers ended up landless; and this problems was seen across the entire country (albeit not as bad). Out-of-work farm workers flooded into the city. The price of bread skyrocketed until the cost of feeding a family exceeded the income of most city dwellers.
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