The Political Economy

[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:

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.

Sadly, it's too late, Sayit......

Since the 32nd President, the Constitution and any 'control' has been kicked to the curb.

President's like Reagan and Trump come along too rarely, and without the necessary support from their own governments.

 

[SAYIT]

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.

Lefties believe they can change human nature because … well … because they are lefties.

If they expended half the time and energy they put into trying to jam large square pegs into small round holes in more productive endeavors, they and our world would be far more prosperous and peaceful.

 

[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.

Yeah, but that meme is just too … juicy … to go unseen.

 

[PoliticalChic]

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?

Yer a peach,MeBelle....but, frankly, their 'insults' aren't clever....I do a better job....and don't bother me.

What does bother me is that they represent the result of mandated government schooling, and they can't construct a cogent defense of what I attack, and they believe.


I always appreciate intelligence, on both sides.....and these posters are proof that Liberalism/Progressivism is nothing more than memorization, as some groups memorize the Q'ran, and some the 'Little Red Book of Mao.'



We're basking in the afterglow of a once great nation.

 

[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.

Ya can't talk sense to this crazy chic.

Jumbo has serious cognitive issues

 

[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

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!

'Jumbo'???

I've asked that one to post her picture, as I have often posted mine....the avi.....but she hides.

Rumor has it her's is the only car with stretch marks.....

 

[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.

Lefties believe they can change human nature because … well … because they are lefties.

If they expended half the time and energy they put into trying to jam large square pegs into small round holes in more productive endeavors, they and our world would be far more prosperous and peaceful.

It is a basic doctrine of their belief.

In October 1919, Lenin paid a secret visit to the laboratory of the great physiologist I. P. Pavlov, a Russian physiologist known chiefly for the concept of the conditioned reflex. In his classic experiment, he found that a hungry dog can be trained to associate the sound of a bell with food and will salivate at the sound even in the absence of food. Lenin wanted to find out if his work on the conditional reflexes of the brain might help the Bolsheviks control European behaviour. “I want the masses of Russia to follow a Communistic pattern of thinking and reacting,” Lenin explained. Pavlov was astounded. It seemed that Lenin wanted him to do for humans what he had already done for dogs. “Do you mean that you would like to standardise the population of Russia? Make them all behave in the same way?” he asked. “Exactly” replied Lenin. “Man can be corrected. Man can be made what we want him to be.”… Orlando Figes, "A People's Tragedy," p.732-733


In 1969, Hillary Rodham gave the student commencement address at Wellesley in which she said that “ for too long our leaders have used politics as the art of making what appears to be impossible, possible….We’re not interested in social reconstruction; it’s human reconstruction.”
-http://www.wellesley.edu/PublicAffairs/Commencement/1969/053169hillary.html_

 

[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.

Yeah, but that meme is just too … juicy … to go unseen.

I get your .....point.

 

[alang1216]

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.

There is little that is more complex than the global economy so making it 'simple' is futile.

The gov't has to pick winners and losers, every time a road is built it creates winners and losers. Just ask the motels on Route 66 when the interstates were built.

I'm not a lover of centralized gov't planned economies but sometimes they are the most efficient for a particular task. Our military is a prime example.

Gov't, businesses, and people in general just have to be watched so corruption is minimized. None are evil, but all are human.

 

[PoliticalChic]

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.

There is little that is more complex than the global economy so making it 'simple' is futile.

The gov't has to pick winners and losers, every time a road is built it creates winners and losers. Just ask the motels on Route 66 when the interstates were built.

I'm not a lover of centralized gov't planned economies but sometimes they are the most efficient for a particular task. Our military is a prime example.

Gov't, businesses, and people in general just have to be watched so corruption is minimized. None are evil, but all are human.

This is a perfect example of the brain-dead believing that socialism is capitalism.

"The gov't has to pick winners and losers,"


Jeeezzzz......talk about 'losers.'

 

[alang1216]

What we know for certain is that tax cuts allow society's productive members to keep more of the fruits of their labor

When you say 'society's productive members' you don't mean to cut Cap Gains taxes I presume?

I don't doubt that cutting someone's taxes leaves them with more money. What I don't know is if society as a whole benefits? Would that individual (and society as a whole) be better off if that money was used to build better roads? Such a road may make a business owner richer by cutting his shipping costs while benefiting everyone.

 

[alang1216]

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.

There is little that is more complex than the global economy so making it 'simple' is futile.

The gov't has to pick winners and losers, every time a road is built it creates winners and losers. Just ask the motels on Route 66 when the interstates were built.

I'm not a lover of centralized gov't planned economies but sometimes they are the most efficient for a particular task. Our military is a prime example.

Gov't, businesses, and people in general just have to be watched so corruption is minimized. None are evil, but all are human.

This is a perfect example of the brain-dead believing that socialism is capitalism.

"The gov't has to pick winners and losers,"


Jeeezzzz......talk about 'losers.'

I challenge you to give me an example of the gov't doing ANYTHING that doesn't benefit some and hurt others.

 

[Diver Diva]

Ya can't talk sense to this crazy chic.

PoliticalChic is the smartest person here. Stupid people always think smart people are crazy.

 

[PoliticalChic]

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.

There is little that is more complex than the global economy so making it 'simple' is futile.

The gov't has to pick winners and losers, every time a road is built it creates winners and losers. Just ask the motels on Route 66 when the interstates were built.

I'm not a lover of centralized gov't planned economies but sometimes they are the most efficient for a particular task. Our military is a prime example.

Gov't, businesses, and people in general just have to be watched so corruption is minimized. None are evil, but all are human.

This is a perfect example of the brain-dead believing that socialism is capitalism.

"The gov't has to pick winners and losers,"


Jeeezzzz......talk about 'losers.'

I challenge you to give me an example of the gov't doing ANYTHING that doesn't benefit some and hurt others.

No prob: this thread.

 

[alang1216]

I challenge you to give me an example of the gov't doing ANYTHING that doesn't benefit some and hurt others.

No prob: this thread.

PoliticalChic is the smartest person here. Stupid people always think smart people are crazy.

If she were so smart you'd think she would be able to answer a simple challenge instead of just declaring victory and running away. If I asked for clarification she'd just re-paste the original OP.

You think she's smart since she cuts and pastes from smart people and you agree with her, but as soon as she has to think for herself she resorts to insults and evasions.

 

[PoliticalChic]

6. The political economy is based on myriad decisions more about consumer preferences than government dictates.

If the populace is the focus, allowing people to choose what is best for them, we get the Reagan economy.

For the Left, government-as-god, it is about government command and control, belief that human being are no more than blank slates that will be and do whatever government tells them to do, then you have failed Soviet five-year-plans, and this….

....the man who goes to buy a car in Moscow, pays for it, and is told by the salesman that he can collect it on a particular date in 10 years' time. The buyer thinks for a moment and then asks: 'Morning or afternoon?' The salesman, astonished by the question, asks: 'What difference does it make?' And the buyer answers: 'Well, the plumber is coming in the morning.'


And this....

The Trabant is an automobile that was produced by former East German auto maker VEB Sachsenring Automobilwerke Zwickau in Zwickau, Sachsen. It was the most common vehicle in East Germany, and was also exported to countries both inside and outside the communist bloc. The main selling point was that it had room for four adults and luggage in a compact, light and durable shell. Despite its mediocre performance and smoky two-stroke engine, the car is regarded with derisive affection as a symbol of the failed former East Germany and of the fall of communism (in former West Germany, as many East Germans streamed into West Berlin and West Germany in their Trabants after the opening of the Berlin Wall in 1989). For advocates of capitalism it is often cited as an example of the disadvantages of centralized planning as even refueling the car required lifting the hood, filling the tank with gasoline (only 24 litres[1]), then adding two-stroke oil and shaking it back and forth to mix. It was in production without any significant changes for nearly 30 years with 3,096,099 Trabants produced in total.
Trabant - Wikipedia

 

[SAYIT]

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.

There is little that is more complex than the global economy so making it 'simple' is futile.

The gov't has to pick winners and losers, every time a road is built it creates winners and losers. Just ask the motels on Route 66 when the interstates were built.

I'm not a lover of centralized gov't planned economies but sometimes they are the most efficient for a particular task. Our military is a prime example.

Gov't, businesses, and people in general just have to be watched so corruption is minimized. None are evil, but all are human.

This is a perfect example of the brain-dead believing that socialism is capitalism.

"The gov't has to pick winners and losers,"


Jeeezzzz......talk about 'losers.'

I challenge you to give me an example of the gov't doing ANYTHING that doesn't benefit some and hurt others.

FFS man ... did you not just post that building "Such a road may make a business owner richer by cutting his shipping costs while benefiting everyone."

Yes, there is good reason to serve the common good as well-planned roads often do but that is NO EXCUSE for taxing productive people in order to pay off college debt or giving the idiots in WashDC total control of our healthcare system.

Roads to nowhere: how infrastructure built on American inequality

Train to nowhere? Here's how high-speed project went off the rails

 

[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

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

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

You sound like someone who can't defend her OP.
When has any capitalistic, free market economy ever "ensured transparency through reliable information?

How 'Dark Pools' Enable Anonymous Insider Trading

 

[Rustic]

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.

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

You sound like someone who can't defend her OP.
When has any capitalistic, free market economy ever "ensured transparency through reliable information?

How 'Dark Pools' Enable Anonymous Insider Trading

 

[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

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

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

You sound like someone who can't defend her OP.
When has any capitalistic, free market economy ever "ensured transparency through reliable information?

How 'Dark Pools' Enable Anonymous Insider Trading

Hypocrisy Is the Greatest Luxury - Wikipedia