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TheBreeze
Participant[quote=CA renter]
As to the govt doing things that the market might not find valuable at the time (because it’s not immediately profitable), this is true. However, it doesn’t mean it’s not needed, or that it won’t be needed in the future, even if it’s not profitable.
[/quote]Very well said. The Internet actually grew out of something that the government created back in the 60’s:
http://en.wikipedia.org/wiki/ARPANET
Government spending can actually prove to be very valuable. I would argue that the Internet could have never been done by the private sector as it was such a huge project.
Of course, when you have crony capitalists like Chimpy and sduuuude in charge of government, you get ridiculous corporate welfare programs that result in trillions in mortgage losses. Luckily for America, the philosophies of Chimpy and sduuuude have been totally discredited (through failed implementations), so we don’t have to worry about those kinds of people being elected into government again for a long time.
Participant[quote=CA renter]
As to the govt doing things that the market might not find valuable at the time (because it’s not immediately profitable), this is true. However, it doesn’t mean it’s not needed, or that it won’t be needed in the future, even if it’s not profitable.
[/quote]Very well said. The Internet actually grew out of something that the government created back in the 60’s:
http://en.wikipedia.org/wiki/ARPANET
Government spending can actually prove to be very valuable. I would argue that the Internet could have never been done by the private sector as it was such a huge project.
Of course, when you have crony capitalists like Chimpy and sduuuude in charge of government, you get ridiculous corporate welfare programs that result in trillions in mortgage losses. Luckily for America, the philosophies of Chimpy and sduuuude have been totally discredited (through failed implementations), so we don’t have to worry about those kinds of people being elected into government again for a long time.
Participant[quote=CA renter]
As to the govt doing things that the market might not find valuable at the time (because it’s not immediately profitable), this is true. However, it doesn’t mean it’s not needed, or that it won’t be needed in the future, even if it’s not profitable.
[/quote]Very well said. The Internet actually grew out of something that the government created back in the 60’s:
http://en.wikipedia.org/wiki/ARPANET
Government spending can actually prove to be very valuable. I would argue that the Internet could have never been done by the private sector as it was such a huge project.
Of course, when you have crony capitalists like Chimpy and sduuuude in charge of government, you get ridiculous corporate welfare programs that result in trillions in mortgage losses. Luckily for America, the philosophies of Chimpy and sduuuude have been totally discredited (through failed implementations), so we don’t have to worry about those kinds of people being elected into government again for a long time.
Participant[quote=CA renter]
As to the govt doing things that the market might not find valuable at the time (because it’s not immediately profitable), this is true. However, it doesn’t mean it’s not needed, or that it won’t be needed in the future, even if it’s not profitable.
[/quote]Very well said. The Internet actually grew out of something that the government created back in the 60’s:
http://en.wikipedia.org/wiki/ARPANET
Government spending can actually prove to be very valuable. I would argue that the Internet could have never been done by the private sector as it was such a huge project.
Of course, when you have crony capitalists like Chimpy and sduuuude in charge of government, you get ridiculous corporate welfare programs that result in trillions in mortgage losses. Luckily for America, the philosophies of Chimpy and sduuuude have been totally discredited (through failed implementations), so we don’t have to worry about those kinds of people being elected into government again for a long time.
Participant[quote=sdduuuude]
In the private sector, the amout of useless stuff that can get funded is limited by the revenue of the business.
[/quote]How was the private sector able to produce trillions in mortgage losses then?
Actually, I don’t think the problem is necessarilly with either the public or the private sector. The main problem is that the federal government prints money and the private sector lends it out. It’s the worst of both worlds.
Participant[quote=sdduuuude]
In the private sector, the amout of useless stuff that can get funded is limited by the revenue of the business.
[/quote]How was the private sector able to produce trillions in mortgage losses then?
Actually, I don’t think the problem is necessarilly with either the public or the private sector. The main problem is that the federal government prints money and the private sector lends it out. It’s the worst of both worlds.
Participant[quote=sdduuuude]
In the private sector, the amout of useless stuff that can get funded is limited by the revenue of the business.
[/quote]How was the private sector able to produce trillions in mortgage losses then?
Actually, I don’t think the problem is necessarilly with either the public or the private sector. The main problem is that the federal government prints money and the private sector lends it out. It’s the worst of both worlds.
Participant[quote=sdduuuude]
In the private sector, the amout of useless stuff that can get funded is limited by the revenue of the business.
[/quote]How was the private sector able to produce trillions in mortgage losses then?
Actually, I don’t think the problem is necessarilly with either the public or the private sector. The main problem is that the federal government prints money and the private sector lends it out. It’s the worst of both worlds.
Participant[quote=sdduuuude]
In the private sector, the amout of useless stuff that can get funded is limited by the revenue of the business.
[/quote]How was the private sector able to produce trillions in mortgage losses then?
Actually, I don’t think the problem is necessarilly with either the public or the private sector. The main problem is that the federal government prints money and the private sector lends it out. It’s the worst of both worlds.
December 7, 2008 at 8:22 PM in reply to: Laid-off workers occupy Chicago factory like in 1930’s #312658ParticipantHow long does it take to get a RE license? A week? Two weeks? Maybe I’ll get a RE license too so that I can partake in some of the massive government pork that is going to realtors and mortgage brokers.
December 7, 2008 at 8:22 PM in reply to: Laid-off workers occupy Chicago factory like in 1930’s #313015ParticipantHow long does it take to get a RE license? A week? Two weeks? Maybe I’ll get a RE license too so that I can partake in some of the massive government pork that is going to realtors and mortgage brokers.
December 7, 2008 at 8:22 PM in reply to: Laid-off workers occupy Chicago factory like in 1930’s #313046ParticipantHow long does it take to get a RE license? A week? Two weeks? Maybe I’ll get a RE license too so that I can partake in some of the massive government pork that is going to realtors and mortgage brokers.
December 7, 2008 at 8:22 PM in reply to: Laid-off workers occupy Chicago factory like in 1930’s #313069ParticipantHow long does it take to get a RE license? A week? Two weeks? Maybe I’ll get a RE license too so that I can partake in some of the massive government pork that is going to realtors and mortgage brokers.
December 7, 2008 at 8:22 PM in reply to: Laid-off workers occupy Chicago factory like in 1930’s #313137ParticipantHow long does it take to get a RE license? A week? Two weeks? Maybe I’ll get a RE license too so that I can partake in some of the massive government pork that is going to realtors and mortgage brokers.
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