Economics 101

[Moonglow]

Economics 101 = there is no such thing as free market. Free lunch maybe, but not free market.

Oh there is. The U.S. was built on it starting in 1777. Then around the turn of the 20th century, Karl Marx introduced his failed to ideology to the world and the lazy, greedy liberal latched on and refuses to accept that it is failed.

We could return to true free-market capitalism. We just have to figure out how to cure the cancer known as liberalism.

If they were free markets then no tariffs would be in place, but guess what, the US had tariffs..

 

[Moonglow]

Also, Free Trade is a liberal philosophe...theory...

 

[Sun Devil 92]

It is not about whether the right wing or the left is correct. It is a study, using valid methodology. And it is one of many, many such studies. It has nothing at all to do with elections or numbers of the left or right. Sorry it is so hard for you to follow.

My side hurts I am laughing so hard.

This study being quoted by the Daily Mail does not even supply a definition of conservative. That, in and of itself, would be amazing.

How did they classify someone as conservative.

Next, what do they contrast that against....liberals ?

Or the left wing (there is a huge difference).

In the caption of the photos of Obama and Romney it says "left wingers are more open minded" and point to Obama's election as a case in point. Are they saying that left wingers voted for him because he was black (in effect calling them racist) ? I didn't vote against him because he was black. I voted against him (and threw up both times) because he represents an ideology (not an open minded one for sure) that I don't agree with.

Even the paper looks stupid.

Then, to cap it off....gays are glitter-bombing Romney because of his points of view. Love that those open minded types can't leave someone they disagree with along.

Yep...open minded....the left (and right) wing is as tolerant as hell....of anyone who agrees with them. Disagree...and you'll find a different side.

 

[regent]

Economics 101 = there is no such thing as free market. Free lunch maybe, but not free market.

Oh there is. The U.S. was built on it starting in 1777. Then around the turn of the 20th century, Karl Marx introduced his failed to ideology to the world and the lazy, greedy liberal latched on and refuses to accept that it is failed.

We could return to true free-market capitalism. We just have to figure out how to cure the cancer known as liberalism.

If they were free markets then no tariffs would be in place, but guess what, the US had tariffs..

Much of the regulating of the market was done by the states, they regulated business with laws, licenses, permits and so forth.

 

[anotherlife]

When a country has open frontiers, you get a temporary free market, like the 19th century USA. Or when a new technology is born, like today's gaming industry. But these are only temporary transients leading to consolidation. Part of the consolidation process is that some competitors capture government to legislate themselves into a position of global industry control, and at that point free market is cornered away and becomes history. We live in a world of consolidated markets, and with ever higher technologies, consolidations are ever faster. They should stop teaching so much about free market models in schools. They hardly ever apply. Mass fooling of students. Brrrrr.

 

[Tehon]

Economics 101 = there is no such thing as free market. Free lunch maybe, but not free market.

Oh there is. The U.S. was built on it starting in 1777. Then around the turn of the 20th century, Karl Marx introduced his failed to ideology to the world and the lazy, greedy liberal latched on and refuses to accept that it is failed.

We could return to true free-market capitalism. We just have to figure out how to cure the cancer known as liberalism.

The US constitution was ratified in 1788. Congress was vested with the authority to regulate interstate commerce at that time. That is not to mention the powers that States had prior to that time. A free market never existed in America.

The lack of regulation is not what dictates free market my friend. It's the government picking and choosing winners and losers that ended the free-market. For instance, if Congress dictates that every company has to pay a 10% tax rate - that doesn't eliminate the free-market. But when the federal government gives failed green energy companies like Solyndra $500 million, that ended the free-market. When the federal government bails out GM and Chrysler, that ended the free-market. When the federal government bailed out Wall Street banks, that ended the free-market.

The free-market is not the complete and total absence of regulations (that would just flat out be anarchy). It's all companies being permitted to stand on their own or fail on their own based on the products and services they provide and how they run their company.

The Tariff Act of 1789 didn't lay a tax on all business, only foreign business. It was done to protect American enterprise from cheaper foreign products, in effect to pick winners and losers. By your definition, not a free market.

 

[anotherlife]

Economics 101 = there is no such thing as free market. Free lunch maybe, but not free market.

Oh there is. The U.S. was built on it starting in 1777. Then around the turn of the 20th century, Karl Marx introduced his failed to ideology to the world and the lazy, greedy liberal latched on and refuses to accept that it is failed.

We could return to true free-market capitalism. We just have to figure out how to cure the cancer known as liberalism.

The US constitution was ratified in 1788. Congress was vested with the authority to regulate interstate commerce at that time. That is not to mention the powers that States had prior to that time. A free market never existed in America.

The lack of regulation is not what dictates free market my friend. It's the government picking and choosing winners and losers that ended the free-market. For instance, if Congress dictates that every company has to pay a 10% tax rate - that doesn't eliminate the free-market. But when the federal government gives failed green energy companies like Solyndra $500 million, that ended the free-market. When the federal government bails out GM and Chrysler, that ended the free-market. When the federal government bailed out Wall Street banks, that ended the free-market.

The free-market is not the complete and total absence of regulations (that would just flat out be anarchy). It's all companies being permitted to stand on their own or fail on their own based on the products and services they provide and how they run their company.

The Tariff Act of 1789 didn't lay a tax on all business, only foreign business. It was done to protect American enterprise from cheaper foreign products, in effect to pick winners and losers. By your definition, not a free market.

Also interesting is that this is applied consistently the opposite way in the 21st century, to protect foreign businesses and stop American ones.

 

[AdvancingTime]

The real economy exist somewhere far from Wall Street and can be seen in parts of America where most of us live. After eight long years of near or zero interest rates, massive government deficits, and watching tons of money and stimulus being poured into the economy we remain mired in slow growth.

In the end our future has a way of being tied to reality and certain economic laws as well as laws of nature that hope and delusion cannot defy. While these bonds can be ignored for a time the force they have over us at some point will suddenly pull us crashing to the ground. More details in the article below.

http://brucewilds.blogspot.com/2016/02/the-real-economy-beyond-our-financial.html

 

[CrusaderFrank]

Friedman should be give a lession in Econ 101 along with Keynes and Krugman, yeah.

Keynes is failing all over the planet from Asia to the EU to America.

Japan is in its THIRD DECADE of keysian fail

 

[JakeStarkey]

The lesson here, Frank, is you don't know economics.

 

[CrusaderFrank]

The lesson here, Frank, is you don't know economics.

Sure, Jake

 

[gipper]

The lesson here, Frank, is you don't know economics.

Must be you think Keynesian-ism works.

You can't be so dumb...or maybe you can.

 

[JakeStarkey]

Two of Friedman's little bitches are out early today.

 

[gipper]

Two of Friedman's little bitches are out early today.

why do you love Keynes, when his economic policies have proven to be failures?

Are you stupid or just uninformed?

 

[JakeStarkey]

A libertarian simply can't comprehend economics, so there is no need to explain it to you, gipped.

 

[CrusaderFrank]

it's like a Monthy Python skit. Perhaps if we lower interest rates further...

 

[Rshermr]

Two of Friedman's little bitches are out early today.

why do love Keynes, when his economic policies have proven to be failures?

Are you stupid or just uninformed?

Being a R. Regan fan, you must be a believer in Supply Side, AKA Reaganomics, eh. Even though, in the end, rr was not.

 

[gipper]

A libertarian simply can't comprehend economics, so there is no need to explain it to you, gipped.

So you do think Keynes offers an effective economic plan...proof you are very simple and have failed to learn from history.

 

[JakeStarkey]

gipped, you are not competent, based on all of your postings, to have this explained to you.

 

[Rshermr]

A libertarian simply can't comprehend economics, so there is no need to explain it to you, gipped.

Libertarians must first come to grips with the hard fact that there is and has never been a successful Libertarian country, economically or socially. Which, of course, makes it impossible to have an actual conversation. It is a whole lot like simply making up an economic policy, from whole cloth, and arguing it based on theory only. Kind of like Ayn Rand, actually.
Or, you could simply say you are a Vulcan, and believe in Star Wars society.