The Political Economy

[alang1216]

To be sure, a capitalist economy, a free market economy, is a government creation to the extent that government ensures transparency through reliable information, and the freeing of markets from government control.

A free market requires strictly enforced rules to keep it free. Everyone in the market needs to play by the same rules and it is the job of gov't to enforce the the rules. Without gov't oversight markets will be taken over by monopolies, without monetary controls there will be dramatic swings from boom to bust. Try to imagine a football game without a ref on the field to enforce the rules and each team must play by.

So you believe gov't is beyond making rules and acting not in the best interest of free markets, this country and our economy? That has always been socialism's Achilles Heel … less than honest and dishonorable gov't officials and if you believe the vote protects us from them (replay challenge) consider how that is working in Venezuela.

Yeah … capitalism is messy and rough and the worst economic model ever, until one compares it to any other.

Power corrupts and absolute power corrupts absolutely (Lord Acton), or as Hayek noted:

Not quite sure what your point is but it is the place of gov't, to act like the NFL in the market. The NFL makes the rules that everyone has to play by. The same rules for every team. The NFL then enforces the rules with their refs on the field. The teams are welcome to choose their own players and plays so the best team wins. That is the kind of market we want.

 

[georgephillip]

How the production and exchange of goods is accomplished is a re-telling of the major difference in view between the Founder’s nation, and that of one under the thumb of Progressives, Democrats.

Second only to a gun to the head, a position the Left has never been loath to pursue, control of a nation’s economy is the best way to force a population to be compliant.

It’s all about dependency.




1.With the Enlightenment came the view that mankind can do anything, can know everything, and is without limits in relation to the universe.

It gave rise to the French Revolution, and the end of religion as no longer useful: man became God. And no matter where and how often the idea came to chaos and destruction…..it persists today as communism, Progressivism, socialism, and Liberalism.

That attitude metastasized in the following way…”After…the industrial mobilization that produced victory in World War II, …the academic discipline of economics acquired the confidence of a scientific profession.
…John Kennedy exemplified the serene postwar confidence in the management of the economy…a basic discussion of the sophisticated and technical questions involved in keeping a great economic machinery moving ahead….basically an administrative or executive problem.” George Will.


2. The powers failed to recognize that the expertise was far more than one of economics; it was political. Nixon went further in the error, also believing that economics was simply one of administration….he failed so miserably that he instituted wage and price controls, “the most aggressive peacetime expansion of government power over the economy in American history.”

By the late 70s, stagflation: no growth and a 13% inflation rate.





3. To understand what Reagan, and later, Trump did, requires an understanding of the conservative views of the Founders, and compare that to the ‘government-as-god’ doctrines of the Progressives, Liberals, Democrats, who incorporate the ideas of Rousseau, Hegel, and Marx.

Reagan was elected to try his conservative hand at fixing the problem, using market forces rather than government. His understanding of the problem can be seen in his quip…The most terrifying words in the English language are: I'm from the government and I'm here to help.
To be sure, a capitalist economy, a free market economy, is a government creation to the extent that government ensures transparency through reliable information, and the freeing of markets from government control.




4. But, never count the Progressives out of the equation, as they control the media and the schools, and sure enough, economists made their way back, while discounting and denying the unmitigated success of the Reagan ‘golden age.’

Until they tripped up again….2008.


Next.

To be sure, a capitalist economy, a free market economy, is a government creation to the extent that government ensures transparency through reliable information, and the freeing of markets from government control.

When has any capitalist, free market economy ever ensured "transparency through reliable information?" Capitalism is designed to reward insider information by corrupting government in order to create private fortunes at public expense.

Capitalism and Democracy

 

[PoliticalChic]

Based on what one sees and reads of the Democrat candidate pool, none of them has ever actually had a job. This may not be factually the case, but the way they talk, you would think it were.

Americans who actually work for a living know that Minimum Wage is not a class of people, it is a single step in one's career. Most middle-class people have worked minimum wage jobs...and they moved on. Most middle class people have lived in the bottom quintile...and have moved on. (I have been in all five quintiles in my working life).

Democrats preach that the only way for someone at the bottom of the Totem Pole to rise economically is for some government program to step in and provide some sort of salvation. This is particularly true (for Lefties) if you are in one of the dozen or so victim groups, who only fail because of various prejudices, mainly "racism" (which no longer has anything to do with race).

Working Americans know that is bullshit. They have risen on their own, without any government program, and they recognize that those who are waiting for Government Salvation are fools.

Democrats' prospects in the coming elections depend on a majority of the population buying into their lies about employment, work, wealth, and the effects of bigotry/racism. I wish I were confident that more than half of us are not so stupid as to believe it. But I'm not.

“Joe Biden: ‘I’ve Never Been Gainfully Employed In My Life’

…admits to a crowd that he’s never held a private sector.”
Joe Biden: ‘I’ve Never Been Gainfully Employed In My Life’ | Breitbart





"George McGovern On Why Politicians Who Haven't Built A Business Are Bad At Regulating

In 1988, I invested most of the earnings from this lecture circuit acquiring the leasehold on Connecticut’s Stratford Inn.

In retrospect, I wish I had known more about the hazards and difficulties of such a business, ...I also wish that during the years I was in public office, I had had this firsthand experience about the difficulties business people face every day. That knowledge would have made me a better U.S. senator and a more understanding presidential contender." George McGovern On Why Politicians Who Haven't Built A Business Are Bad At Regulating

 

[alang1216]

"Rules"....like regulations, statutes, regulations, on and on?

Gads, you're a moron.

Maybe so but I do know my history. An unregulated, free market is essentially what we had after the Civil War: monopolies, waste & pollution, and labor exploitation. You may want to go back to that time but there is a reason people who actually lived through that period created the 'trust busters' of the Republican party.

 

[PoliticalChic]

To be sure, a capitalist economy, a free market economy, is a government creation to the extent that government ensures transparency through reliable information, and the freeing of markets from government control.

A free market requires strictly enforced rules to keep it free. Everyone in the market needs to play by the same rules and it is the job of gov't to enforce the the rules. Without gov't oversight markets will be taken over by monopolies, without monetary controls there will be dramatic swings from boom to bust. Try to imagine a football game without a ref on the field to enforce the rules and each team must play by.

So you believe gov't is beyond making rules and acting not in the best interest of free markets, this country and our economy? That has always been socialism's Achilles Heel … less than honest and dishonorable gov't officials and if you believe the vote protects us from them (replay challenge) consider how that is working in Venezuela.

Yeah … capitalism is messy and rough and the worst economic model ever, until one compares it to any other.

Power corrupts and absolute power corrupts absolutely (Lord Acton), or as Hayek noted:

Hayek has a couple of good ....points.



....the other Hayek.

 

[PoliticalChic]

How the production and exchange of goods is accomplished is a re-telling of the major difference in view between the Founder’s nation, and that of one under the thumb of Progressives, Democrats.

Second only to a gun to the head, a position the Left has never been loath to pursue, control of a nation’s economy is the best way to force a population to be compliant.

It’s all about dependency.




1.With the Enlightenment came the view that mankind can do anything, can know everything, and is without limits in relation to the universe.

It gave rise to the French Revolution, and the end of religion as no longer useful: man became God. And no matter where and how often the idea came to chaos and destruction…..it persists today as communism, Progressivism, socialism, and Liberalism.

That attitude metastasized in the following way…”After…the industrial mobilization that produced victory in World War II, …the academic discipline of economics acquired the confidence of a scientific profession.
…John Kennedy exemplified the serene postwar confidence in the management of the economy…a basic discussion of the sophisticated and technical questions involved in keeping a great economic machinery moving ahead….basically an administrative or executive problem.” George Will.


2. The powers failed to recognize that the expertise was far more than one of economics; it was political. Nixon went further in the error, also believing that economics was simply one of administration….he failed so miserably that he instituted wage and price controls, “the most aggressive peacetime expansion of government power over the economy in American history.”

By the late 70s, stagflation: no growth and a 13% inflation rate.





3. To understand what Reagan, and later, Trump did, requires an understanding of the conservative views of the Founders, and compare that to the ‘government-as-god’ doctrines of the Progressives, Liberals, Democrats, who incorporate the ideas of Rousseau, Hegel, and Marx.

Reagan was elected to try his conservative hand at fixing the problem, using market forces rather than government. His understanding of the problem can be seen in his quip…The most terrifying words in the English language are: I'm from the government and I'm here to help.
To be sure, a capitalist economy, a free market economy, is a government creation to the extent that government ensures transparency through reliable information, and the freeing of markets from government control.




4. But, never count the Progressives out of the equation, as they control the media and the schools, and sure enough, economists made their way back, while discounting and denying the unmitigated success of the Reagan ‘golden age.’

Until they tripped up again….2008.


Next.

To be sure, a capitalist economy, a free market economy, is a government creation to the extent that government ensures transparency through reliable information, and the freeing of markets from government control.

When has any capitalist, free market economy ever ensured "transparency through reliable information?" Capitalism is designed to reward insider information by corrupting government in order to create private fortunes at public expense.

Capitalism and Democracy

You sound like a loser.....in the market as well as in life.

 

[Erinwltr]

To be sure, a capitalist economy, a free market economy, is a government creation to the extent that government ensures transparency through reliable information, and the freeing of markets from government control.

A free market requires strictly enforced rules to keep it free. Everyone in the market needs to play by the same rules and it is the job of gov't to enforce the the rules. Without gov't oversight markets will be taken over by monopolies, without monetary controls there will be dramatic swings from boom to bust. Try to imagine a football game without a ref on the field to enforce the rules and each team must play by.

Ya can't talk sense to this crazy chic.

What bullocks!

If you're having an issue understanding what she posts ASK HER QUESTIONS.....

Sure thing sock, thanks for the advice. And for the record, I don't have issues understanding anything the crazy chic posts. M'kay.

Can you prove that?

To be sure, a capitalist economy, a free market economy, is a government creation to the extent that government ensures transparency through reliable information, and the freeing of markets from government control.

A free market requires strictly enforced rules to keep it free. Everyone in the market needs to play by the same rules and it is the job of gov't to enforce the the rules. Without gov't oversight markets will be taken over by monopolies, without monetary controls there will be dramatic swings from boom to bust. Try to imagine a football game without a ref on the field to enforce the rules and each team must play by.

Ya can't talk sense to this crazy chic.

How would you know???

"Sense" is hardly your strong suit.....case in point....you couldn't find a single thing in the OP with which you could disagree.

One post is the same as the rest. Read one. Got it.

You have been on Crazy chic alert for a long time along with scroll by reading. And by the way, sense is my strong suit, just not yours. M'kay.

 

[Erinwltr]

How the production and exchange of goods is accomplished is a re-telling of the major difference in view between the Founder’s nation, and that of one under the thumb of Progressives, Democrats.

Second only to a gun to the head, a position the Left has never been loath to pursue, control of a nation’s economy is the best way to force a population to be compliant.

It’s all about dependency.




1.With the Enlightenment came the view that mankind can do anything, can know everything, and is without limits in relation to the universe.

It gave rise to the French Revolution, and the end of religion as no longer useful: man became God. And no matter where and how often the idea came to chaos and destruction…..it persists today as communism, Progressivism, socialism, and Liberalism.

That attitude metastasized in the following way…”After…the industrial mobilization that produced victory in World War II, …the academic discipline of economics acquired the confidence of a scientific profession.
…John Kennedy exemplified the serene postwar confidence in the management of the economy…a basic discussion of the sophisticated and technical questions involved in keeping a great economic machinery moving ahead….basically an administrative or executive problem.” George Will.


2. The powers failed to recognize that the expertise was far more than one of economics; it was political. Nixon went further in the error, also believing that economics was simply one of administration….he failed so miserably that he instituted wage and price controls, “the most aggressive peacetime expansion of government power over the economy in American history.”

By the late 70s, stagflation: no growth and a 13% inflation rate.





3. To understand what Reagan, and later, Trump did, requires an understanding of the conservative views of the Founders, and compare that to the ‘government-as-god’ doctrines of the Progressives, Liberals, Democrats, who incorporate the ideas of Rousseau, Hegel, and Marx.

Reagan was elected to try his conservative hand at fixing the problem, using market forces rather than government. His understanding of the problem can be seen in his quip…The most terrifying words in the English language are: I'm from the government and I'm here to help.
To be sure, a capitalist economy, a free market economy, is a government creation to the extent that government ensures transparency through reliable information, and the freeing of markets from government control.




4. But, never count the Progressives out of the equation, as they control the media and the schools, and sure enough, economists made their way back, while discounting and denying the unmitigated success of the Reagan ‘golden age.’

Until they tripped up again….2008.


Next.

To be sure, a capitalist economy, a free market economy, is a government creation to the extent that government ensures transparency through reliable information, and the freeing of markets from government control.

When has any capitalist, free market economy ever ensured "transparency through reliable information?" Capitalism is designed to reward insider information by corrupting government in order to create private fortunes at public expense.

Capitalism and Democracy

You sound like a loser.....in the market as well as in life.

Must be your good sense kicking in there, Crazy chic. Kudos, good job, well done.

 

[PoliticalChic]

A free market requires strictly enforced rules to keep it free. Everyone in the market needs to play by the same rules and it is the job of gov't to enforce the the rules. Without gov't oversight markets will be taken over by monopolies, without monetary controls there will be dramatic swings from boom to bust. Try to imagine a football game without a ref on the field to enforce the rules and each team must play by.

Ya can't talk sense to this crazy chic.

What bullocks!

If you're having an issue understanding what she posts ASK HER QUESTIONS.....

Sure thing sock, thanks for the advice. And for the record, I don't have issues understanding anything the crazy chic posts. M'kay.

Can you prove that?

To be sure, a capitalist economy, a free market economy, is a government creation to the extent that government ensures transparency through reliable information, and the freeing of markets from government control.

A free market requires strictly enforced rules to keep it free. Everyone in the market needs to play by the same rules and it is the job of gov't to enforce the the rules. Without gov't oversight markets will be taken over by monopolies, without monetary controls there will be dramatic swings from boom to bust. Try to imagine a football game without a ref on the field to enforce the rules and each team must play by.

Ya can't talk sense to this crazy chic.

How would you know???

"Sense" is hardly your strong suit.....case in point....you couldn't find a single thing in the OP with which you could disagree.

One post is the same as the rest. Read one. Got it.

You have been on Crazy chic alert for a long time along with scroll by reading. And by the way, sense is my strong suit, just not yours. M'kay.

"One post is the same as the rest. Read one. Got it."

I bet you said the very same thing about every class you slept through in school.

 

[alang1216]

To be sure, a capitalist economy, a free market economy, is a government creation to the extent that government ensures transparency through reliable information, and the freeing of markets from government control.

A free market requires strictly enforced rules to keep it free. Everyone in the market needs to play by the same rules and it is the job of gov't to enforce the the rules. Without gov't oversight markets will be taken over by monopolies, without monetary controls there will be dramatic swings from boom to bust. Try to imagine a football game without a ref on the field to enforce the rules and each team must play by.

So you believe gov't is beyond making rules and acting not in the best interest of free markets, this country and our economy? That has always been socialism's Achilles Heel … less than honest and dishonorable gov't officials and if you believe the vote protects us from them (replay challenge) consider how that is working in Venezuela.

Yeah … capitalism is messy and rough and the worst economic model ever, until one compares it to any other.

Power corrupts and absolute power corrupts absolutely (Lord Acton), or as Hayek noted:

Hayek has a couple of good ....points.



....the other Hayek.

I prefer Selma's points. Interesting to note that Friedrich and the other Austrians believe that cutting taxes to boost economic activity doesn’t work.

 

[Third Party]

I had a raise held up because of Nixon

A bank was held up because of Dillinger.

Still seemed like I lost more than the bank did.

...but no one shot you.

Still, try to avoid standing near women in red dresses.....

I did get hit on but she had blue jeans and it was a drive in-could not afford two tickets

 

[MeBelle]

To be sure, a capitalist economy, a free market economy, is a government creation to the extent that government ensures transparency through reliable information, and the freeing of markets from government control.

A free market requires strictly enforced rules to keep it free. Everyone in the market needs to play by the same rules and it is the job of gov't to enforce the the rules. Without gov't oversight markets will be taken over by monopolies, without monetary controls there will be dramatic swings from boom to bust. Try to imagine a football game without a ref on the field to enforce the rules and each team must play by.

Ya can't talk sense to this crazy chic.

What bullocks!

If you're having an issue understanding what she posts ASK HER QUESTIONS.....

Sure thing sock, thanks for the advice. And for the record, I don't have issues understanding anything the crazy chic posts. M'kay.

You can't hang with what the 'crazy chic' posts?

You can't respond to her posts without insulting??

Are you here to debate or insult???


Sock?? lmao!

That's all you got????


YORE FIRED

 

[candycorn]

To be sure, a capitalist economy, a free market economy, is a government creation to the extent that government ensures transparency through reliable information, and the freeing of markets from government control.

A free market requires strictly enforced rules to keep it free. Everyone in the market needs to play by the same rules and it is the job of gov't to enforce the the rules. Without gov't oversight markets will be taken over by monopolies, without monetary controls there will be dramatic swings from boom to bust. Try to imagine a football game without a ref on the field to enforce the rules and each team must play by.

Ya can't talk sense to this crazy chic.

Jumbo has serious cognitive issues

 

[PoliticalChic]

5. Any attempt to control the economy based on Progressive/Liberal/Socialist doctrine is doomed to failure as it begins with a misunderstanding of human nature, and the extent to which all the factors, parameters, and variables are knowable.

The knowledge required is beyond the scope that any individual, agency, or government can accumulate.

It requires the uncountable transactions, beliefs, motives that meet, accumulate, and cancel out each other.

Hence, the largely hands-off conservative view.




“In the first quarter of the twenty-first century, however, after economists failed to anticipate the Great Recession of 2008, and found it difficult to prescribe policies that would produce steadily brisk economic growth, the confidence and prestige of economists was diminished, again.” George Will, “The Conservative Sensibility,” p. 241


Can’t blame the public that lumped together the prognostications of astrologers, economists, and weathermen in the same category....




There are all sorts of jokes about the prognostications of economists …

“When Albert Einstein died, he met three New Zealanders in the queue outside the Pearly Gates. To pass the time, he asked what were their IQs. The first replied 190. "Wonderful," exclaimed Einstein. "We can discuss the contribution made by Ernest Rutherford to atomic physics and my theory of general relativity". The second answered 150. "Good," said Einstein. "I look forward to discussing the role of New Zealand's nuclear-free legislation in the quest for world peace". The third New Zealander mumbled 50. Einstein paused, and then asked, "So what is your forecast for the budget deficit next year?" —The Economist, June 13th 1992, p. 71).


What is it that Reagan and Trump knew that made them more successful than economists and the Progressive politicians who counted on their policies?

It wasn’t about economics, administration, or government controls. It was about an understanding of human nature, the glaring error in the doctrines of Liberals, Progressives, Communists, Socialists, etc.

Politics….based on the nature of human beings.

I’ll explain it.

 

[SAYIT]

To be sure, a capitalist economy, a free market economy, is a government creation to the extent that government ensures transparency through reliable information, and the freeing of markets from government control.

A free market requires strictly enforced rules to keep it free. Everyone in the market needs to play by the same rules and it is the job of gov't to enforce the the rules. Without gov't oversight markets will be taken over by monopolies, without monetary controls there will be dramatic swings from boom to bust. Try to imagine a football game without a ref on the field to enforce the rules and each team must play by.

So you believe gov't is beyond making rules and acting not in the best interest of free markets, this country and our economy? That has always been socialism's Achilles Heel … less than honest and dishonorable gov't officials and if you believe the vote protects us from them (replay challenge) consider how that is working in Venezuela.

Yeah … capitalism is messy and rough and the worst economic model ever, until one compares it to any other.

Power corrupts and absolute power corrupts absolutely (Lord Acton), or as Hayek noted:

Not quite sure what your point is but it is the place of gov't, to act like the NFL in the market. The NFL makes the rules that everyone has to play by. The same rules for every team. The NFL then enforces the rules with their refs on the field. The teams are welcome to choose their own players and plays so the best team wins. That is the kind of market we want.

"Rules"....like regulations, statutes, regulations, on and on?

Gads, you're a moron.

Maybe so but I do know my history. An unregulated, free market is essentially what we had after the Civil War: monopolies, waste & pollution, and labor exploitation. You may want to go back to that time but there is a reason people who actually lived through that period created the 'trust busters' of the Republican party.

I'll make this simple … just as you believe free markets require gov't meddling, our gov't needs to be strictly controlled. Given the power to choose winners and losers, elected officials and their appointees will abuse it often for their own and each other's benefit. It is why centralized gov't planned economies so consistently fail. The people involved are more interested in feathering their own nests (getting elected and reelected) than they are in the public good.

 

[MeBelle]

Must be your good sense kicking in there, Crazy chic. Kudos, good job, well done.

Does your male ego get soothed when you insult females?

 

[PoliticalChic]

I had a raise held up because of Nixon

A bank was held up because of Dillinger.

Still seemed like I lost more than the bank did.

...but no one shot you.

Still, try to avoid standing near women in red dresses.....

I did get hit on but she had blue jeans and it was a drive in-could not afford two tickets

See....it wasn't that bad a day after all......

 

[PoliticalChic]

To be sure, a capitalist economy, a free market economy, is a government creation to the extent that government ensures transparency through reliable information, and the freeing of markets from government control.

A free market requires strictly enforced rules to keep it free. Everyone in the market needs to play by the same rules and it is the job of gov't to enforce the the rules. Without gov't oversight markets will be taken over by monopolies, without monetary controls there will be dramatic swings from boom to bust. Try to imagine a football game without a ref on the field to enforce the rules and each team must play by.

Ya can't talk sense to this crazy chic.

Jumbo has serious cognitive issues

What???? An 'I hate you' post from a Liberal????

Shocking!

Another government school grad who hasn't the ability to understand or refute the posts that skewer her worldviews.

 

[SAYIT]

To be sure, a capitalist economy, a free market economy, is a government creation to the extent that government ensures transparency through reliable information, and the freeing of markets from government control.

A free market requires strictly enforced rules to keep it free. Everyone in the market needs to play by the same rules and it is the job of gov't to enforce the the rules. Without gov't oversight markets will be taken over by monopolies, without monetary controls there will be dramatic swings from boom to bust. Try to imagine a football game without a ref on the field to enforce the rules and each team must play by.

So you believe gov't is beyond making rules and acting not in the best interest of free markets, this country and our economy? That has always been socialism's Achilles Heel … less than honest and dishonorable gov't officials and if you believe the vote protects us from them (replay challenge) consider how that is working in Venezuela.

Yeah … capitalism is messy and rough and the worst economic model ever, until one compares it to any other.

Power corrupts and absolute power corrupts absolutely (Lord Acton), or as Hayek noted:

Hayek has a couple of good ....points.



....the other Hayek.

I prefer Selma's points. Interesting to note that Friedrich and the other Austrians believe that cutting taxes to boost economic activity doesn’t work.

Because raising taxes hasn't proven to cut into economic activity? What we know for certain is that tax cuts allow society's productive members to keep more of the fruits of their labor but believe it or not, some consider any personal earnings not confiscated by the gov't to be a gift from the state to those who earn them. Really.

 

[MeBelle]

To be sure, a capitalist economy, a free market economy, is a government creation to the extent that government ensures transparency through reliable information, and the freeing of markets from government control.

A free market requires strictly enforced rules to keep it free. Everyone in the market needs to play by the same rules and it is the job of gov't to enforce the the rules. Without gov't oversight markets will be taken over by monopolies, without monetary controls there will be dramatic swings from boom to bust. Try to imagine a football game without a ref on the field to enforce the rules and each team must play by.

Ya can't talk sense to this crazy chic.

Jumbo has serious cognitive issues

Who is Jumbo?

Afraid to call a member out by their screen name?

Color me shocked!!!

You never had the nads to debate either.

Drive by hit and run....POOF!