Robert Reich explains the "Free Market" in a nutshell.

[Toddsterpatriot]

It's our government, it's up to us to demand change. I don't see how Reich is wrong for pointing it out.

Did you watch and comprehend the video? He is condemning free market capitalism, when that not at issue and terribly disingenuous. We have crony capitalism run and controlled by big gov. Yes big gov is the problem...but do you know the little twerp's history? He is a big gov statist leftist. So sorry, but I find him a little joke.

The former Federal Reserve chairman, Alan Greenspan, has conceded that the global financial crisis has exposed a "mistake" in the free market ideology which guided his 18-year stewardship of US monetary policy.


"I have found a flaw," said Greenspan, referring to his economic philosophy. "I don't know how significant or permanent it is. But I have been very distressed by that fact."



"I made a mistake in presuming that the self-interests of organisations, specifically banks and others, were such that they were best capable of protecting their own shareholders and their equity in the firms,"



He suggested his trust in the responsibility of banks had been misplaced: "Those of us who have looked to the self-interest of lending institutions to protect shareholders' equity (myself especially) are in a state of shocked disbelief."

Greenspan - I was wrong about the economy. Sort of

He found out people were greedy and was shocked, simply shocked, I tells ya.

The nearly dozen economic booms and bust between 1800-1900 and the 1920's and Ronnie's S&L crisis didn't inform him of that, of course Ayn Rand Greenspan has since backed off more Gov't regulations/regulators on the beat, moronic Randian fetishists

You know he tapped that, right?

Bonds provide a means to finance infrastructure spending and other needful government projects.

Moving the goalposts? Shocker.
You said issuing bonds generates wealth.
Pets.com didn't generate wealth when they issued bonds.
Glad I could educate you, even if only a tiny bit.

Didn't move ANY goalposts.

You said issuing a bond generates wealth.

Then you said it had to finance "needful government projects" and "give folks a nice return".

I agree, your original claim was moronic.

Only to someone with no idea how it works.

Kind of like a blind man looking at an elephant.

Hey, look at me, I generated wealth by issuing a bond!!! Moron.

Lead a horse to water..

And you still can't think.

 

[Sallow]

Issuing bonds generates wealth.

Literally one of the dumbest claims, ever.

yes exactly, if issuing bonds generated wealth we'd do it all the time and be wealthy all the time.

We got wealthy from the stone age to here because of Republican supply side inventions. Wealth or economic progress comes from new inventions being supplied by Republicans. Now you understand supply side economics.

trickle down capitalism does not work?? It just saved another 60 million from slowly starving to death in China. How is that for working??? See why we say dumbto3??

China?

 

[EdwardBaiamonte]

Issuing bonds generates wealth.

Literally one of the dumbest claims, ever.

yes exactly, if issuing bonds generated wealth we'd do it all the time and be wealthy all the time.

We got wealthy from the stone age to here because of Republican supply side inventions. Wealth or economic progress comes from new inventions being supplied by Republicans. Now you understand supply side economics.

trickle down capitalism does not work?? It just saved another 60 million from slowly starving to death in China. How is that for working??? See why we say dumbto3??

China?

why is sallow here if he lacks the IQ for any attempt at substance??

 

[EdwardBaiamonte]

i am not sure what you mean; why bother electing representives to government, if they are not going to fix the problem.

only alleged capitalists lay claim to that form of social, irresponsibility.

a liberal assumes govt can fix problems. Our founders assumed govt would make the problems worse and that was without seeing the great 20th century liberal fixers: Hitler Stalin Mao pol POt, Castro, etc etc.

You have seen the great 20th Century fixers and still you lack the IQ to understand the obvious.

 

[Dad2three]

Issuing bonds generates wealth.

Literally one of the dumbest claims, ever.

yes exactly, if issuing bonds generated wealth we'd do it all the time and be wealthy all the time.

We got wealthy from the stone age to here because of Republican supply side inventions. Wealth or economic progress comes from new inventions being supplied by Republicans. Now you understand supply side economics.

trickle down capitalism does not work?? It just saved another 60 million from slowly starving to death in China. How is that for working??? See why we say dumbto3??

China?

why is sallow here if he lacks the IQ for any attempt at substance??

^^^PROJECTION^^^

 

[Dad2three]

i am not sure what you mean; why bother electing representives to government, if they are not going to fix the problem.

only alleged capitalists lay claim to that form of social, irresponsibility.

a liberal assumes govt can fix problems. Our founders assumed govt would make the problems worse and that was without seeing the great 20th century liberal fixers: Hitler Stalin Mao pol POt, Castro, etc etc.

You have seen the great 20th Century fixers and still you lack the IQ to understand the obvious.

Founders felt that way? Yet got rid of the more libertarian Articles of CONfederation for the STRONG FED BIG GOV'T CONSTITUTION WITH HEAVY PROTECTIONIST POLICY AND GOV'T HAND ON THE ECONOMY???

 

[danielpalos]

What "accurate" macro picture do you want?

Capitalism isn't some sort of natural result of private enterprise. That's a bullshit assessment. It is the result of laws, regulations, security and infrastructure all built and set up by the government. That's what sets up an environment where business can be conducted.

At the present time, it's lopsided and we are feeling the effects.

What you fail to comprehend is government has given us the crony corrupt capitalism we have today. The little geek thinks we need more government intrusion to fix this. Do you fail to see the idiocy of his argument?

Government sets the rules for the market. Big money interests have too much influence over the rule making process. Isn't that Reich's argument. I fail to see your point. He is not asking for more government intrusion, he is asking for more balanced rule making.

Why has capitalism become corrupted? Because big gov has allowed to. Now to think that big gov is going to fix the problem, is terribly naive. The little dweeb speaks with forked tongue.

It's our government, it's up to us to demand change. I don't see how Reich is wrong for pointing it out.

Did you watch and comprehend the video? He is condemning free market capitalism, when that not at issue and terribly disingenuous. We have crony capitalism run and controlled by big gov. Yes big gov is the problem...but do you know the little twerp's history? He is a big gov statist leftist. So sorry, but I find him a little joke.

It didn't seem that way to me.

 

[gipper]

It is not very difficult to understand.

What has capitalism done for people all over the world? Sure, you can linger on the bad as the Left does, but the reality is one billion people no longer live in poverty thanks to capitalism. Think of the millions of people in China now living much better lives, because they operate a somewhat capitalist society. If Mao were still in power, does anyone think these people would be anything other than dirt poor and living short awful lives?

Now compare and contrast what capitalism has accomplished versus Marxism. Only the truly delusional would think Marxism and it's many sister ideologies better. However, I suspect our POTUS would fall in the delusional category.

 

[Rocko]

Issuing bonds generates wealth.

Literally one of the dumbest claims, ever.

Not really sure how you figure this..

Bonds provide a means to finance infrastructure spending and other needful government projects.

Folks that buy the bonds get a nice return when it matures.

In the meantime? The government is able to finance things like bridges, roads, schools, and other things.

Much of these things are used by private industry to conduct business, and thus, generates wealth in private sector.

Basically a win-win unless you are you.

Bonds provide a means to finance infrastructure spending and other needful government projects.

Moving the goalposts? Shocker.
You said issuing bonds generates wealth.
Pets.com didn't generate wealth when they issued bonds.
Glad I could educate you, even if only a tiny bit.

Didn't move ANY goalposts.

Well you didn't say for whom. But you do know that issuing debt, in general, hurts shareholders?

 

[Votto]

And this is what he said about health care before Obamacare was passed.

 

[Dad2three]

It is not very difficult to understand.

What has capitalism done for people all over the world? Sure, you can linger on the bad as the Left does, but the reality is one billion people no longer live in poverty thanks to capitalism. Think of the millions of people in China now living much better lives, because they operate a somewhat capitalist society. If Mao were still in power, does anyone think these people would be anything other than dirt poor and living short awful lives?

Now compare and contrast what capitalism has accomplished versus Marxism. Only the truly delusional would think Marxism and it's many sister ideologies better. However, I suspect our POTUS would fall in the delusional category.

Without false premises, distortions and lies, what would the right wing EVER have Bubba?

 

[danielpalos]

It is not very difficult to understand.

What has capitalism done for people all over the world? Sure, you can linger on the bad as the Left does, but the reality is one billion people no longer live in poverty thanks to capitalism. Think of the millions of people in China now living much better lives, because they operate a somewhat capitalist society. If Mao were still in power, does anyone think these people would be anything other than dirt poor and living short awful lives?

Now compare and contrast what capitalism has accomplished versus Marxism. Only the truly delusional would think Marxism and it's many sister ideologies better. However, I suspect our POTUS would fall in the delusional category.

dear; our social war on poverty is just socialism not letting the least wealthy starve due merely to a lack of capital in our fine and glorious Republic.

 

[Dad2three]

And this is what he said about health care before Obamacare was passed.

How'd Dubya's tax cuts work out, they pay off the debt like Heritage said they would by F/Y 2010?

 

[gipper]

It is not very difficult to understand.

What has capitalism done for people all over the world? Sure, you can linger on the bad as the Left does, but the reality is one billion people no longer live in poverty thanks to capitalism. Think of the millions of people in China now living much better lives, because they operate a somewhat capitalist society. If Mao were still in power, does anyone think these people would be anything other than dirt poor and living short awful lives?

Now compare and contrast what capitalism has accomplished versus Marxism. Only the truly delusional would think Marxism and it's many sister ideologies better. However, I suspect our POTUS would fall in the delusional category.

dear; our social war on poverty is just socialism not letting the least wealthy starve due merely to a lack of capital in our fine and glorious Republic.

Honeybun; what does that have to do with my post?

 

[EdwardBaiamonte]

Yet got rid of the more libertarian Articles of CONfederation for the STRONG FED BIG GOV'T CONSTITUTION?

100% stupid and liberal as always. the Constitution created a tiny tiny libertarian govt that was 1% the size of today's on an inflation adjusted per capita basis that all libertarians today would love to have.

Thomas Jefferson:`
"The path we have to pursue[when Jefferson was President ] is so quiet that we have nothing scarcely to propose to our Legislature."

-14)The democracy will cease to exist when you take away from those who are willing to work and give to those who would not.

 

[CrusaderFrank]

Why doesn't Hillary run on a 90% Tax rate?

 

[Dad2three]

Yet got rid of the more libertarian Articles of CONfederation for the STRONG FED BIG GOV'T CONSTITUTION?

100% stupid and liberal as always. the Constitution created a tiny tiny libertarian govt that was 1% the size of today's on an inflation adjusted per capita basis that all libertarians today would love to have.

Thomas Jefferson:`
"The path we have to pursue[when Jefferson was President ] is so quiet that we have nothing scarcely to propose to our Legislature."

-14)The democracy will cease to exist when you take away from those who are willing to work and give to those who would not.

The democracy will cease to exist... (Quotation)


Status: This exact quotation has not been found in any of the writings of Thomas Jefferson.
The democracy will cease to exist... (Quotation) | Thomas Jefferson's Monticello

KNOW WHAT TJ SAID THOUGH:

It is incumbent on every generation to pay its own debts as it goes. A principle which if acted on would save one-half the wars of the world.

WISH RONNIE/DUBYA UNDERSTOOD THAT!!

(Re-)Introducing: The American School of Economics

When the United States became independent from Britain it also rebelled against the British System of economics, characterized by Adam Smith, in favor of the American School based on protectionism and infrastructure and prospered under this system for almost 200 years to become the wealthiest nation in the world. Unrestrained free trade resurfaced in the early 1900s culminating in the Great Depression and again in the 1970s culminating in the current Economic Meltdown.


Closely related to mercantilism, it can be seen as contrary to classical economics. It consisted of these three core policies:

1. protecting industry through selective high tariffs (especially 1861–1932) and through subsidies (especially 1932–70)
2. government investments in infrastructure creating targeted internal improvements (especially in transportation)
3. a national bank with policies that promote the growth of productive enterprises rather than speculation.

It is a capitalist economic school based on the Hamiltonian economic program. The American School of capitalism was intended to allow the United States to become economically independent and nationally self-sufficient.

Frank Bourgin's 1989 study of the Constitutional Convention shows that direct government involvement in the economy was intended by the Founders.

The goal, most forcefully articulated by Hamilton, was to ensure that dearly won political independence was not lost by being economically and financially dependent on the powers and princes of Europe. The creation of a strong central government able to promote science, invention, industry and commerce, was seen as an essential means of promoting the general welfare and making the economy of the United States strong enough for them to determine their own destiny


American School economics - Wikipedia the free encyclopedia

 

[Dad2three]

Why doesn't Hillary run on a 90% Tax rate?

Why don't the GOP run on a 10% one?

 

[Mac1958]

Partisan "economists"/theorists on both ends of the spectrum are w-o-r-t-h-l-e-s-s.

You just get one end of the story, always, which is par for the course for partisans.
.

 

[Sallow]

And this is what he said about health care before Obamacare was passed.

And?