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econ 101 by Dean Baker

Discussion in 'Money Talk$' started by billwald, Oct 15, 2011.

  1. mandym

    mandym New Member

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    Nice work of fiction. :thumbsup:
     
  2. Ruiz

    Ruiz New Member

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    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.
     
  3. Ruiz

    Ruiz New Member

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    I disagree with some of his analysis, but I would not call it fiction. What did you think was fiction about this piece?
     
  4. mandym

    mandym New Member

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    The part you quoted for starters. It is a grand exaggeration to promote a bad ideology.
     
  5. Ruiz

    Ruiz New Member

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    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.
     
  6. mandym

    mandym New Member

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    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.
     
  7. Ruiz

    Ruiz New Member

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    What specific broad brush are you talking about, what specific agenda?
     
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