SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Advanced Micro Devices
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Road Walker who wrote (364287)12/24/2007 11:44:27 AM
From: combjelly  Read Replies (2) of 1576150
 
"But at any given moment the pie is a finite number, divided between a finite number of people."

Which is the point that harris et al are trying to obscure. Deliberately or not, they are conflating two different scenarios, the pie of the moment and the pie over time.

And then they go all Austrian School. Sure, it seems logical that there isn't any real, long term consequence to the rich getting richer at a higher rate than everyone else. Or, even if wages for the average worked doesn't keep pace with productivity growth. But, there is a lot of evidence that just such a scenario led to the Great Depression.

Of course, you can take the stance that it shouldn't have happened, or even that it wouldn't have been a full-fledged depression if the government hadn't of tried to meddle in the market.

Or, you can just stick your fingers in your ears, rock back and forth say "La la la la la la la"....
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News