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Discussion in 'Money Talk$' started by billwald, Oct 15, 2011.
Nice work of fiction. :thumbsup:
This statement is absolutely correct.
I do not think are many who are truly free market capitalists among the Republicans in Washington, and George W. Bush was not a Free Market Capitalist. Both donkey's and elephants wish to choose winners and losers and use crony capitalism. We would not have the problems in health care if it was a free market system, the prices would be lower, the care better, and the Insurance Companies would not be propped up by Government.
The article is interesting and while I take issue with him on some issues, he mainly is arguing two different forms of the same economic principle. Yet, his basic principle of econ 101 is that a stock market is the projected profits of a company, this is true. Thus, to condemn Wall Street but to root for a better economy is hypocritical.
I disagree with some of his analysis, but I would not call it fiction. What did you think was fiction about this piece?
The part you quoted for starters. It is a grand exaggeration to promote a bad ideology.
I think it is accurate. Bush was the most crony capitalist Republican in history. Democrats are crony capitalists. I am a capitalist, or better defined as Austrian Economists, but to say that Democrats or Republicans have been for free markets is not true. Both utilize crony-ism.
I don't care what you call Bush. Fact is he spent to much. Still the broad brush used to further the agenda in the op is fiction.
What specific broad brush are you talking about, what specific agenda?