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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: koan who wrote (144446)	7/15/2014 10:57:15 AM
From: Alex MG	Read Replies (1) \| Respond to of 149317

mindmelt's idea of a great thinker is Ayn Rand no joke

To: koan who wrote (144446)	7/15/2014 8:10:43 PM
From: RetiredNow	Read Replies (1) \| Respond to of 149317

No, I don't claim to be more important than Krugman or Stiglitz, but I have a fairly extensive education in economics. In addition, economics has been a lifelong hobby of mine, so I've read extensively on economic topics as well. I recommend that you broaden your horizons and read a bit of MIses and Hayek. It's always good to understand more than one perspective before you draw conclusions. Also, I think you should read up on economic history in the 20th century. Our recent economic history shows that central economic planning always fails in the long run. Europe is full of central economic planning, and that has been its legacy from the last century. It has lead to slow growth in comparison without own dynamic economy during the same period of time. However, we are becoming more European and in the process, we're adopting their worst attributes, including large governments, socialism, central economic planning, and less freedom. The consequence will be very slow growth, persistent unemployment, and a continued acceleration of the concentration of wealth into the hands of the 1%. You will get what you want and then you'll see it's not really what you want. Never fear though, there will always be someone else to blame for this country's ills, instead of ourselves.