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Kaspian · 08-15-2009, 03:27 PM

@ar81 - 90% of economists do not understand economics. My husband majored in economics in college. Since then, he has read hundreds of books on economics and history in order to understand markets better and make better decisions about how to invest our money. His view: all macro economics he learned in college was pure rubbish.

The Keynesian view is convenient for politicians because it encourages more government power and intervention in the economy and people's lives. But Keynesian economics doesn't work, even if most economists believe in it. It's full of wooly-headed thinking, assumptions, and fallacies. It gave the United States a 15-year Great Depression.

Ever heard of the Depression of 1920?? No? That's because it didn't last. The market crashed in Nov 1920 and prices dropped 40%. It was as bad or worse than the crash in 1929. Warren Harding, the president at the time, admitted that he knew nothing about economics and did nothing. No bailouts, no stimulus packages, no New Deals, no new government programs.... nothing. The economy corrected itself, and within 9 months, it had fully recovered.

You keep claiming that the healthcare industry is somehow different than other markets. How? Why? In all the reading that I have done, I have seen no evidence of that, other than it endures more government interference than the average industry. It is precisely that governmental interferences that has the problems we have with the healthcare industry.

We don't need more government interference. We don't need yet another government program. We would all be better off with less, MUCH LESS, government in our lives and business. (Frankly, I'd prefer to live in a world with no government, where the only laws are those that prohibit aggression against my person and property.)

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A note about your signature: How on earth is "embracing criticism" freedom? The words sound nice, but the meaning in this context is so fuzzy it makes no sense to me... at all. Freedom is the absence of coercion, the absence of aggression against a person and his/her property.

08-15-2009, 03:27 PM	#10 (permalink)
Kaspian Senior Member Join Date: May 2007 Location: Washington State Posts: 501	@ar81 - 90% of economists do not understand economics. My husband majored in economics in college. Since then, he has read hundreds of books on economics and history in order to understand markets better and make better decisions about how to invest our money. His view: all macro economics he learned in college was pure rubbish. The Keynesian view is convenient for politicians because it encourages more government power and intervention in the economy and people's lives. But Keynesian economics doesn't work, even if most economists believe in it. It's full of wooly-headed thinking, assumptions, and fallacies. It gave the United States a 15-year Great Depression. Ever heard of the Depression of 1920?? No? That's because it didn't last. The market crashed in Nov 1920 and prices dropped 40%. It was as bad or worse than the crash in 1929. Warren Harding, the president at the time, admitted that he knew nothing about economics and did nothing. No bailouts, no stimulus packages, no New Deals, no new government programs.... nothing. The economy corrected itself, and within 9 months, it had fully recovered. You keep claiming that the healthcare industry is somehow different than other markets. How? Why? In all the reading that I have done, I have seen no evidence of that, other than it endures more government interference than the average industry. It is precisely that governmental interferences that has the problems we have with the healthcare industry. We don't need more government interference. We don't need yet another government program. We would all be better off with less, MUCH LESS, government in our lives and business. (Frankly, I'd prefer to live in a world with no government, where the only laws are those that prohibit aggression against my person and property.) --------------------- A note about your signature: How on earth is "embracing criticism" freedom? The words sound nice, but the meaning in this context is so fuzzy it makes no sense to me... at all. Freedom is the absence of coercion, the absence of aggression against a person and his/her property.