Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
Those who gain economic power through free markets eventually take over. Hence, robber barons followed by Wall Street and the Fed, etc.
dear, the Fed Chairman is usually a college professor appointed by the president and approved by Congress and supported intellectually by most college economics professors.
The Fed is a private consortium controlled by commercial banks. It also operates independently of the government.
How do you prosecute fraud without first having regulations written and enforced by government?Maybe. I haven't studied that case, but prosecuted fraud is definitely a proper role for government.
" Free markets are decidedly about distributing economic powerunequally. They allow us to vest the power to direct labor and resources with those who provide us with the goods and services we want and need. It's hard to see that as an inherently bad thing."
The catch is that unequal power counters free markets.
How so? To be clear, I'm talking about economic power, not state power.
Those who gain economic power through free markets eventually take over. Hence, robber barons followed by Wall Street and the Fed, etc.
All of them? Huh? What do you mean 'take over'?
take over - definition of take over by The Free Dictionary
Hence, deregulation from the '80s onward, increased military spending and profits from conflict while keeping the petrodollar propped up, bailouts, and consumer spending.
How do you prosecute fraud without first having regulations written and enforced by government?Maybe. I haven't studied that case, but prosecuted fraud is definitely a proper role for government.
Depending on what exchange rules they've agreed to, it could definitely be considered fraud.Insider trading is not fraud. It's not even a real crime with a victim."Material non-public information" would fall under free markets or ordinary law and order?Free markets and ordinary law and orde
Maybe. I haven't studied that case, but prosecuted fraud is definitely a proper role for government.
While you cons have the right to your personal opinions, you don't have any right to personal factsWages are determined by supply and demand for labor, not the level of corporate profits.
Depending on what exchange rules they've agreed to, it could definitely be considered fraud.Insider trading is not fraud. It's not even a real crime with a victim."Material non-public information" would fall under free markets or ordinary law and order?Free markets and ordinary law and orde
Maybe. I haven't studied that case, but prosecuted fraud is definitely a proper role for government.
What's changed since that time with regards to population, technology, and common sense?Prior to the U.S. revolution, most law existed outside of government. It was called "the common law," and it was developed over time privately.
While you cons have the right to your personal opinions, you don't have any right to personal factsWages are determined by supply and demand for labor, not the level of corporate profits.
"Depending on the structure and traditions of different economies around the world, wage rates will be influenced by market forces (supply and demand), legislation, and tradition."
Wage - Wikipedia the free encyclopedia
When Wal-Mart choose to spend 47% of its profits on stock buybacks, that had a profound effect on the wages it paid to its 1.4 million US workers; in fact, the $6.5 billion could have added $4670 per year to each worker's income. Hence, wages are influenced by corporate profits.
Billionaire Hanauer Hammers Stock Buybacks The Nader Page
What's changed since that time with regards to population, technology, and common sense?Prior to the U.S. revolution, most law existed outside of government. It was called "the common law," and it was developed over time privately.
While you cons have the right to your personal opinions, you don't have any right to personal factsWages are determined by supply and demand for labor, not the level of corporate profits.
Supply and demand is only one factor in the determination of wage level. Legislation is another. Government could and should have forced Wall Mart to pay higher wages. Wages and profit influence each other.Nope, that has nothing to do with wages. If the demand for labor was higher then Walmart would have to pay more and it's profit margin would therefore be lower. Wage levels affect profits, and not the other way around.
It proves a great deal more than your unsupported opinion proves.Your quote is nothing more than someone's opinion. It proves nothing.
Fraud is a different concept than regulation and requires only that people don't deliberately misrepresent themselves.How do you prosecute fraud without first having regulations written and enforced by government?Maybe. I haven't studied that case, but prosecuted fraud is definitely a proper role for government.
If they buy or sell stock based on exchange rules, or claims from the company, that prohibit insider trading, they have a valid case for fraud.Depending on what exchange rules they've agreed to, it could definitely be considered fraud.Insider trading is not fraud. It's not even a real crime with a victim."Material non-public information" would fall under free markets or ordinary law and order?Free markets and ordinary law and orde
Maybe. I haven't studied that case, but prosecuted fraud is definitely a proper role for government.
NO, it can't. Insider trading is nothing more than buying or selling a stock simply because you know something. You haven't deceived anyone into buying or selling the stock, so where is the fraud?
"Special Ed" has his own unique understanding of "liberal" and "conservative." Anyone to the left of Mussolini is "liberal". I'm pretty sure he's an embittered Marxist with too much time on his hands.Liberal monopolists? Capitalists ruled the roost, starting with robber barons, then capitalists, and now financial investors in mega-corporations.
While you cons have the right to your personal opinions, you don't have any right to personal factsWages are determined by supply and demand for labor, not the level of corporate profits.
"Depending on the structure and traditions of different economies around the world, wage rates will be influenced by market forces (supply and demand), legislation, and tradition.
"Market forces are perhaps more dominant in the United States, while tradition, social structure and seniority, perhaps play a greater role in Japan
Supply and demand is only one factor in the determination of wage level. Legislation is another. Government could and should have forced Wall Mart to pay higher wages. Wages and profit influence each other.Nope, that has nothing to do with wages. If the demand for labor was higher then Walmart would have to pay more and it's profit margin would therefore be lower. Wage levels affect profits, and not the other way around.
If they buy or sell stock based on exchange rules, or claims from the company, that prohibit insider trading, they have a valid case for fraud.Depending on what exchange rules they've agreed to, it could definitely be considered fraud.Insider trading is not fraud. It's not even a real crime with a victim."Material non-public information" would fall under free markets or ordinary law and order?
Maybe. I haven't studied that case, but prosecuted fraud is definitely a proper role for government.
NO, it can't. Insider trading is nothing more than buying or selling a stock simply because you know something. You haven't deceived anyone into buying or selling the stock, so where is the fraud?
It proves a great deal more than your unsupported opinion proves.Your quote is nothing more than someone's opinion. It proves nothing.
In this case key people appear to have escaped conviction because they were "ignorant" of regulations prohibiting massive levels of systemic fraud by underlings.Fraud is a different concept than regulation and requires only that people don't deliberately misrepresent themselves.
In this case key people appear to have escaped conviction because they were "ignorant" of regulations prohibiting massive levels of systemic fraud by underlings.Fraud is a different concept than regulation and requires only that people don't deliberately misrepresent themselves.
"Though never able to charge or even sue founder Steven A. Cohen, the government managed to snare eight current or former employees through guilty pleas and trial convictions. Cohen, 57, who has consistently denied wrongdoing, is the subject of an administrative proceeding by the Securities and Exchange Commission, which claims the billionaire failed to supervise employees to ensure they complied with securities laws."
SAC Record 1.8 Billion Insider Plea Caps 7-Year Probe - Bloomberg Business
