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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Tenchusatsu who wrote (508328)	8/27/2009 4:10:46 PM
From: tejek	Read Replies (1) \| Respond to of 1578105

Ted, > Nearly every major country in the world put together a stiumulus package when the economic crisis threatened. No politician is ever rewarded for "doing nothing." That's why every major government power out there has to do something, because otherwise their respective constituents will kick them out of office for inaction. So they spent trillions of dollars even though they didn't need to but they were afraid their constituents would kick them out of office. And all these layoffs and companies going under.....what was that? How do you explain that.....I am curious. The luxury of being an economist means never having to deal with the politics, which are often arbitrary, irrational, and motivated by self-interest. By not having to worry about the politics, the economist is free to examine the effects of government intervention on economies, which are often very complex and the results mixed. Hence when someone defends government intervention on the notion that "almost all economists, left, right, and center" agree on it, I have to call B.S. You do? Why? That says a lot about the arrogance of the guy making the false generalization. And that would be you, I presume. Why are you so arrogant?