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patientrenter
ParticipantIs this legal?
patientrenter
ParticipantIs this legal?
patientrenter
ParticipantIs this legal?
March 11, 2009 at 6:38 PM in reply to: Leverage (still) Pays: An example from a recent bank failure #364243patientrenter
ParticipantThis sort of thing happens a little all the time. What’s different now is that it is approved and supported by the govt, and is happening on a massive scale. I am really beginning to think all this “save the economy” crap is just a cover for massive looting by net borrowers, with pols and professional money men along for the ride.
March 11, 2009 at 6:38 PM in reply to: Leverage (still) Pays: An example from a recent bank failure #364530patientrenter
ParticipantThis sort of thing happens a little all the time. What’s different now is that it is approved and supported by the govt, and is happening on a massive scale. I am really beginning to think all this “save the economy” crap is just a cover for massive looting by net borrowers, with pols and professional money men along for the ride.
March 11, 2009 at 6:38 PM in reply to: Leverage (still) Pays: An example from a recent bank failure #364689patientrenter
ParticipantThis sort of thing happens a little all the time. What’s different now is that it is approved and supported by the govt, and is happening on a massive scale. I am really beginning to think all this “save the economy” crap is just a cover for massive looting by net borrowers, with pols and professional money men along for the ride.
March 11, 2009 at 6:38 PM in reply to: Leverage (still) Pays: An example from a recent bank failure #364723patientrenter
ParticipantThis sort of thing happens a little all the time. What’s different now is that it is approved and supported by the govt, and is happening on a massive scale. I am really beginning to think all this “save the economy” crap is just a cover for massive looting by net borrowers, with pols and professional money men along for the ride.
March 11, 2009 at 6:38 PM in reply to: Leverage (still) Pays: An example from a recent bank failure #364836patientrenter
ParticipantThis sort of thing happens a little all the time. What’s different now is that it is approved and supported by the govt, and is happening on a massive scale. I am really beginning to think all this “save the economy” crap is just a cover for massive looting by net borrowers, with pols and professional money men along for the ride.
patientrenter
Participantarraya wrote: “The invisible hand is a silly superstition on par with santa clause.”
Can you explain? I have read some explanations of Adam Smith’s invisible hand concept. It sounded like a significant advance in our understanding of our economic relationships. You’re saying that it is meaningless. Can you lay out what you think the economic “invisible hand” theory says, and then lay out your argument that shows it’s bunk?
(Oh, I know people who like less income redistribution argue one way, and those who advocate more income redistribution argue another way. I don’t count political opinions as knowledge, never mind as an economic rationale.)
patientrenter
Participantarraya wrote: “The invisible hand is a silly superstition on par with santa clause.”
Can you explain? I have read some explanations of Adam Smith’s invisible hand concept. It sounded like a significant advance in our understanding of our economic relationships. You’re saying that it is meaningless. Can you lay out what you think the economic “invisible hand” theory says, and then lay out your argument that shows it’s bunk?
(Oh, I know people who like less income redistribution argue one way, and those who advocate more income redistribution argue another way. I don’t count political opinions as knowledge, never mind as an economic rationale.)
patientrenter
Participantarraya wrote: “The invisible hand is a silly superstition on par with santa clause.”
Can you explain? I have read some explanations of Adam Smith’s invisible hand concept. It sounded like a significant advance in our understanding of our economic relationships. You’re saying that it is meaningless. Can you lay out what you think the economic “invisible hand” theory says, and then lay out your argument that shows it’s bunk?
(Oh, I know people who like less income redistribution argue one way, and those who advocate more income redistribution argue another way. I don’t count political opinions as knowledge, never mind as an economic rationale.)
patientrenter
Participantarraya wrote: “The invisible hand is a silly superstition on par with santa clause.”
Can you explain? I have read some explanations of Adam Smith’s invisible hand concept. It sounded like a significant advance in our understanding of our economic relationships. You’re saying that it is meaningless. Can you lay out what you think the economic “invisible hand” theory says, and then lay out your argument that shows it’s bunk?
(Oh, I know people who like less income redistribution argue one way, and those who advocate more income redistribution argue another way. I don’t count political opinions as knowledge, never mind as an economic rationale.)
patientrenter
Participantarraya wrote: “The invisible hand is a silly superstition on par with santa clause.”
Can you explain? I have read some explanations of Adam Smith’s invisible hand concept. It sounded like a significant advance in our understanding of our economic relationships. You’re saying that it is meaningless. Can you lay out what you think the economic “invisible hand” theory says, and then lay out your argument that shows it’s bunk?
(Oh, I know people who like less income redistribution argue one way, and those who advocate more income redistribution argue another way. I don’t count political opinions as knowledge, never mind as an economic rationale.)
patientrenter
ParticipantAllan, I like your comments in general, and I prefer to live in the free market you support. But I have heard comments about the economic and other malaise of France for a long time and it puzzles me.
Most French people enjoy a very high quality of living, as far as I can tell. Doubtless they have fewer francs (er, euros) in their pockets than they might if they behaved differently, but they eat excellent food for their normal meals, have enough time for pursuits outside work, and enjoy a vibrant artistic, intellectual, and sexual culture. We have some advantages too, but I wouldn’t exactly call France a loser country.
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