A Memorial For America

[PoliticalChic]

When socialists thump their chests, and make obeisance to the collective, marginalize the efforts of the rugged individualist, the entrepreneur, e.g., "You didn't build that!," well, perhaps we should recall what made America great.



Carl Schramm is president of the [non-partisan] Kansas City-based Kauffman Foundation, known to National Public Radio listeners and a few others as "the foundation for entrepreneurship.”
Carl Schramm Says Capitalism Allows Entrepreneurship to Thrive - WSJ.com

Mr. Schramm has written “Good Capitalism, Bad Capitalism, and the Economics of Growth and Prosperity,” and “The Entrepreneurial Imperative: How America's Economic Miracle Will Reshape the World (and Change Your Life)” among others.






In an interview on May 20, 2009, he discussed the following.
1.Economic growth owes more to the forbearance of the state than to its intervention. Governments do not make wealth, only their citizens do.

2. The $7.4 Trillion in federal debt works out to $508,000 per household. There is currently no plan to settle the debt, it is ongoing. [And Obama's promise to cut this debt???]

3. To see the result of government dependency programs, we can study Europe in the post-1960 period, and it becomes eminently clear that the result of government debt is slow growth in the economy. Real gross domestic product (GDP) per capita, after growing 3.2% a year from 1962 to 1973, sank to a 1% annual growth rate from 1974 to 1982 [http://www.realclearpolitics.com/articles/2008/05/economics_and_the_entrepreneur.html], ‘stagflation’ period based on Vietnam debt. .






We thought that the Japanese economic model was correct, and many in our government thought to use a central-planning model, here as well. But it proved dead wrong: the attempt to absorb risk into the state and grow the state government, has resulted in almost 15 years of slow growth.

4. The problem seems to rest in the human psyche, using the magical phrase “this time is different.” We are so needing to have certainty in an economic context, that any government official who speaks with authority rules in the current circumstances. We forget to apply this phrase: “Past is prologue.” Either economic growth will come in at 4-5-or 6% a year, or we will have to inflate our currency. With inflation in ’81-’82-’83 [16% CPI, 18% Medical Price Index, 15% housing mortgages] we paid for Vietnam and the Great Society.


5. Can the poor still get rich? Immigrants do it. As entrepreneurs, they accomplish the following: 1) Innovation, they bring out new things. 2) Almost all jobs are created by new businesses, firms less than five years old. 3) They drive efficiency into the system by competition.

It is interesting that John Kenneth Galbraith, a Keynesian and an institutionalist, a leading proponent of 20th-century American liberalism and progressivism, wrote in 1984, that entrepreneurs are no longer important to American development, and all economic innovation will occur in large labs, like Bell Labs. When he wrote that, Microsoft was four years old. “Galbraith had written in 1967 that the entrepreneur was a "diminishing figure": "Apart from access to capital, his principal qualifications were imagination, capacity for decision[making] and courage in risking money, including, not infrequently, his own.”
RealClearPolitics - Economics and the Entrepreneur






6. American capitalism is based on the entrepreneurs who risk their own capital, and produce the supply that causes demand as represented by Says Law of Economics.:
“Many European postal systems, telegraph lines and railroads were built with government money, and sometimes with insufficient capacity. But in the United States, instead of burdening taxpayers, we sell investors the equivalent of high-priced lottery tickets each time one of these technologies arrives.”
In Technology, Supply Precedes Demand - NYTimes.com

Regulation and taxation are impediments to these entrepreneurs.




Memorial Day....in memory of the once great American culture......

Now? Saddled with socialists and whiners who believe that there is a 'free lunch.'

 

[EdwardBaiamonte]

Governments do not make wealth, only their citizens do.

this is so true. IBM, Microsoft, Apple, HP, Intel, Amazon, Oracle, Facebook,Yahoo, Google were not started by government bureaucrats. They were started by individuals who loved business and wanted to build something, rather than by individuals who hated business as most of our liberals do. Imagine it, business got us from the stone age to here and yet liberals have been brainwashed to hate business. Its like being told to hate your mother and actually learning to hate her.

 

[Freemason9]

When socialists thump their chests, and make obeisance to the collective, marginalize the efforts of the rugged individualist, the entrepreneur, e.g., "You didn't build that!," well, perhaps we should recall what made America great.



Carl Schramm is president of the [non-partisan] Kansas City-based Kauffman Foundation, known to National Public Radio listeners and a few others as "the foundation for entrepreneurship.”
Carl Schramm Says Capitalism Allows Entrepreneurship to Thrive - WSJ.com

Mr. Schramm has written “Good Capitalism, Bad Capitalism, and the Economics of Growth and Prosperity,” and “The Entrepreneurial Imperative: How America's Economic Miracle Will Reshape the World (and Change Your Life)” among others.






In an interview on May 20, 2009, he discussed the following.
1.Economic growth owes more to the forbearance of the state than to its intervention. Governments do not make wealth, only their citizens do.

2. The $7.4 Trillion in federal debt works out to $508,000 per household. There is currently no plan to settle the debt, it is ongoing. [And Obama's promise to cut this debt???]

3. To see the result of government dependency programs, we can study Europe in the post-1960 period, and it becomes eminently clear that the result of government debt is slow growth in the economy. Real gross domestic product (GDP) per capita, after growing 3.2% a year from 1962 to 1973, sank to a 1% annual growth rate from 1974 to 1982 [http://www.realclearpolitics.com/articles/2008/05/economics_and_the_entrepreneur.html], ‘stagflation’ period based on Vietnam debt. .






We thought that the Japanese economic model was correct, and many in our government thought to use a central-planning model, here as well. But it proved dead wrong: the attempt to absorb risk into the state and grow the state government, has resulted in almost 15 years of slow growth.

4. The problem seems to rest in the human psyche, using the magical phrase “this time is different.” We are so needing to have certainty in an economic context, that any government official who speaks with authority rules in the current circumstances. We forget to apply this phrase: “Past is prologue.” Either economic growth will come in at 4-5-or 6% a year, or we will have to inflate our currency. With inflation in ’81-’82-’83 [16% CPI, 18% Medical Price Index, 15% housing mortgages] we paid for Vietnam and the Great Society.


5. Can the poor still get rich? Immigrants do it. As entrepreneurs, they accomplish the following: 1) Innovation, they bring out new things. 2) Almost all jobs are created by new businesses, firms less than five years old. 3) They drive efficiency into the system by competition.

It is interesting that John Kenneth Galbraith, a Keynesian and an institutionalist, a leading proponent of 20th-century American liberalism and progressivism, wrote in 1984, that entrepreneurs are no longer important to American development, and all economic innovation will occur in large labs, like Bell Labs. When he wrote that, Microsoft was four years old. “Galbraith had written in 1967 that the entrepreneur was a "diminishing figure": "Apart from access to capital, his principal qualifications were imagination, capacity for decision[making] and courage in risking money, including, not infrequently, his own.”
RealClearPolitics - Economics and the Entrepreneur






6. American capitalism is based on the entrepreneurs who risk their own capital, and produce the supply that causes demand as represented by Says Law of Economics.:
“Many European postal systems, telegraph lines and railroads were built with government money, and sometimes with insufficient capacity. But in the United States, instead of burdening taxpayers, we sell investors the equivalent of high-priced lottery tickets each time one of these technologies arrives.”
In Technology, Supply Precedes Demand - NYTimes.com

Regulation and taxation are impediments to these entrepreneurs.




Memorial Day....in memory of the once great American culture......

Now? Saddled with socialists and whiners who believe that there is a 'free lunch.'

Carl Schramm is an idiot. He may happen to be a useful idiot for your ideological stance--and a wealthy one at that--but he is still an idiot. Born on third base, and all that whatnot.

"Governments do not make wealth, only their citizens do."

But citizens do not make money, only the government does; hence, the source of all of the so-called debt you wring your hands over. Be very thankful for this; otherwise, we would have massive monetary deflation.

"The $7.4 Trillion in federal debt works out to $508,000 per household. There is currently no plan to settle the debt, it is ongoing."

That's right. There is no plan to "settle" the debt, because that would be deflationary. And it's not "debt" in any practical sense of the word. Politicians should stay out of economics.

American capitalism is based on the entrepreneurs who risk their own capital, and produce the supply that causes demand as represented by Says Law of Economics.:
“Many European postal systems, telegraph lines and railroads were built with government money, and sometimes with insufficient capacity. But in the United States, instead of burdening taxpayers, we sell investors the equivalent of high-priced lottery tickets each time one of these technologies arrives.”

Everything about this paragraph is fucked up. First of all, there was a HUGE amount of government assistance that went into the growth of this country (everything from military support to land confiscation/conveyence, special legislative "favors," government contracts, research/development, trade agreements, etc. etc.). Also, it isn't capitalism that provides a supply--it's labor. Capitalism merely exploits labor for profit.

 

[CrusaderFrank]

When socialists thump their chests, and make obeisance to the collective, marginalize the efforts of the rugged individualist, the entrepreneur, e.g., "You didn't build that!," well, perhaps we should recall what made America great.



Carl Schramm is president of the [non-partisan] Kansas City-based Kauffman Foundation, known to National Public Radio listeners and a few others as "the foundation for entrepreneurship.”
Carl Schramm Says Capitalism Allows Entrepreneurship to Thrive - WSJ.com

Mr. Schramm has written “Good Capitalism, Bad Capitalism, and the Economics of Growth and Prosperity,” and “The Entrepreneurial Imperative: How America's Economic Miracle Will Reshape the World (and Change Your Life)” among others.






In an interview on May 20, 2009, he discussed the following.
1.Economic growth owes more to the forbearance of the state than to its intervention. Governments do not make wealth, only their citizens do.

2. The $7.4 Trillion in federal debt works out to $508,000 per household. There is currently no plan to settle the debt, it is ongoing. [And Obama's promise to cut this debt???]

3. To see the result of government dependency programs, we can study Europe in the post-1960 period, and it becomes eminently clear that the result of government debt is slow growth in the economy. Real gross domestic product (GDP) per capita, after growing 3.2% a year from 1962 to 1973, sank to a 1% annual growth rate from 1974 to 1982 [http://www.realclearpolitics.com/articles/2008/05/economics_and_the_entrepreneur.html], ‘stagflation’ period based on Vietnam debt. .






We thought that the Japanese economic model was correct, and many in our government thought to use a central-planning model, here as well. But it proved dead wrong: the attempt to absorb risk into the state and grow the state government, has resulted in almost 15 years of slow growth.

4. The problem seems to rest in the human psyche, using the magical phrase “this time is different.” We are so needing to have certainty in an economic context, that any government official who speaks with authority rules in the current circumstances. We forget to apply this phrase: “Past is prologue.” Either economic growth will come in at 4-5-or 6% a year, or we will have to inflate our currency. With inflation in ’81-’82-’83 [16% CPI, 18% Medical Price Index, 15% housing mortgages] we paid for Vietnam and the Great Society.


5. Can the poor still get rich? Immigrants do it. As entrepreneurs, they accomplish the following: 1) Innovation, they bring out new things. 2) Almost all jobs are created by new businesses, firms less than five years old. 3) They drive efficiency into the system by competition.

It is interesting that John Kenneth Galbraith, a Keynesian and an institutionalist, a leading proponent of 20th-century American liberalism and progressivism, wrote in 1984, that entrepreneurs are no longer important to American development, and all economic innovation will occur in large labs, like Bell Labs. When he wrote that, Microsoft was four years old. “Galbraith had written in 1967 that the entrepreneur was a "diminishing figure": "Apart from access to capital, his principal qualifications were imagination, capacity for decision[making] and courage in risking money, including, not infrequently, his own.”
RealClearPolitics - Economics and the Entrepreneur






6. American capitalism is based on the entrepreneurs who risk their own capital, and produce the supply that causes demand as represented by Says Law of Economics.:
“Many European postal systems, telegraph lines and railroads were built with government money, and sometimes with insufficient capacity. But in the United States, instead of burdening taxpayers, we sell investors the equivalent of high-priced lottery tickets each time one of these technologies arrives.”
In Technology, Supply Precedes Demand - NYTimes.com

Regulation and taxation are impediments to these entrepreneurs.




Memorial Day....in memory of the once great American culture......

Now? Saddled with socialists and whiners who believe that there is a 'free lunch.'

Carl Schramm is an idiot. He may happen to be a useful idiot for your ideological stance--and a wealthy one at that--but he is still an idiot. Born on third base, and all that whatnot.

"Governments do not make wealth, only their citizens do."

But citizens do not make money, only the government does; hence, the source of all of the so-called debt you wring your hands over. Be very thankful for this; otherwise, we would have massive monetary deflation.

"The $7.4 Trillion in federal debt works out to $508,000 per household. There is currently no plan to settle the debt, it is ongoing."

That's right. There is no plan to "settle" the debt, because that would be deflationary. And it's not "debt" in any practical sense of the word. Politicians should stay out of economics.

American capitalism is based on the entrepreneurs who risk their own capital, and produce the supply that causes demand as represented by Says Law of Economics.:
“Many European postal systems, telegraph lines and railroads were built with government money, and sometimes with insufficient capacity. But in the United States, instead of burdening taxpayers, we sell investors the equivalent of high-priced lottery tickets each time one of these technologies arrives.”

Everything about this paragraph is fucked up. First of all, there was a HUGE amount of government assistance that went into the growth of this country (everything from military support to land confiscation/conveyence, special legislative "favors," government contracts, research/development, trade agreements, etc. etc.). Also, it isn't capitalism that provides a supply--it's labor. Capitalism merely exploits labor for profit.

"But citizens do not make money, only the government does;..."

That might be the most ignorant post I ever read in an economic forum, are you Paul Krugman?

 

[PoliticalChic]

When socialists thump their chests, and make obeisance to the collective, marginalize the efforts of the rugged individualist, the entrepreneur, e.g., "You didn't build that!," well, perhaps we should recall what made America great.



Carl Schramm is president of the [non-partisan] Kansas City-based Kauffman Foundation, known to National Public Radio listeners and a few others as "the foundation for entrepreneurship.”
Carl Schramm Says Capitalism Allows Entrepreneurship to Thrive - WSJ.com

Mr. Schramm has written “Good Capitalism, Bad Capitalism, and the Economics of Growth and Prosperity,” and “The Entrepreneurial Imperative: How America's Economic Miracle Will Reshape the World (and Change Your Life)” among others.






In an interview on May 20, 2009, he discussed the following.
1.Economic growth owes more to the forbearance of the state than to its intervention. Governments do not make wealth, only their citizens do.

2. The $7.4 Trillion in federal debt works out to $508,000 per household. There is currently no plan to settle the debt, it is ongoing. [And Obama's promise to cut this debt???]

3. To see the result of government dependency programs, we can study Europe in the post-1960 period, and it becomes eminently clear that the result of government debt is slow growth in the economy. Real gross domestic product (GDP) per capita, after growing 3.2% a year from 1962 to 1973, sank to a 1% annual growth rate from 1974 to 1982 [http://www.realclearpolitics.com/articles/2008/05/economics_and_the_entrepreneur.html], ‘stagflation’ period based on Vietnam debt. .






We thought that the Japanese economic model was correct, and many in our government thought to use a central-planning model, here as well. But it proved dead wrong: the attempt to absorb risk into the state and grow the state government, has resulted in almost 15 years of slow growth.

4. The problem seems to rest in the human psyche, using the magical phrase “this time is different.” We are so needing to have certainty in an economic context, that any government official who speaks with authority rules in the current circumstances. We forget to apply this phrase: “Past is prologue.” Either economic growth will come in at 4-5-or 6% a year, or we will have to inflate our currency. With inflation in ’81-’82-’83 [16% CPI, 18% Medical Price Index, 15% housing mortgages] we paid for Vietnam and the Great Society.


5. Can the poor still get rich? Immigrants do it. As entrepreneurs, they accomplish the following: 1) Innovation, they bring out new things. 2) Almost all jobs are created by new businesses, firms less than five years old. 3) They drive efficiency into the system by competition.

It is interesting that John Kenneth Galbraith, a Keynesian and an institutionalist, a leading proponent of 20th-century American liberalism and progressivism, wrote in 1984, that entrepreneurs are no longer important to American development, and all economic innovation will occur in large labs, like Bell Labs. When he wrote that, Microsoft was four years old. “Galbraith had written in 1967 that the entrepreneur was a "diminishing figure": "Apart from access to capital, his principal qualifications were imagination, capacity for decision[making] and courage in risking money, including, not infrequently, his own.”
RealClearPolitics - Economics and the Entrepreneur






6. American capitalism is based on the entrepreneurs who risk their own capital, and produce the supply that causes demand as represented by Says Law of Economics.:
“Many European postal systems, telegraph lines and railroads were built with government money, and sometimes with insufficient capacity. But in the United States, instead of burdening taxpayers, we sell investors the equivalent of high-priced lottery tickets each time one of these technologies arrives.”
In Technology, Supply Precedes Demand - NYTimes.com

Regulation and taxation are impediments to these entrepreneurs.




Memorial Day....in memory of the once great American culture......

Now? Saddled with socialists and whiners who believe that there is a 'free lunch.'

Carl Schramm is an idiot. He may happen to be a useful idiot for your ideological stance--and a wealthy one at that--but he is still an idiot. Born on third base, and all that whatnot.

"Governments do not make wealth, only their citizens do."

But citizens do not make money, only the government does; hence, the source of all of the so-called debt you wring your hands over. Be very thankful for this; otherwise, we would have massive monetary deflation.

"The $7.4 Trillion in federal debt works out to $508,000 per household. There is currently no plan to settle the debt, it is ongoing."

That's right. There is no plan to "settle" the debt, because that would be deflationary. And it's not "debt" in any practical sense of the word. Politicians should stay out of economics.

American capitalism is based on the entrepreneurs who risk their own capital, and produce the supply that causes demand as represented by Says Law of Economics.:
“Many European postal systems, telegraph lines and railroads were built with government money, and sometimes with insufficient capacity. But in the United States, instead of burdening taxpayers, we sell investors the equivalent of high-priced lottery tickets each time one of these technologies arrives.”

Everything about this paragraph is fucked up. First of all, there was a HUGE amount of government assistance that went into the growth of this country (everything from military support to land confiscation/conveyence, special legislative "favors," government contracts, research/development, trade agreements, etc. etc.). Also, it isn't capitalism that provides a supply--it's labor. Capitalism merely exploits labor for profit.

" There is currently no plan to settle the debt, it is ongoing."[/quote]That's right. There is no plan to "settle" the debt, because that would be deflationary. And it's not "debt" in any practical sense of the word. Politicians should stay out of economics."

Mind like a steel sieve!
You certainly make every effort to prove what a dunce you are.

In a discussion of the effects of debt and deficits on an economy, John Lott shows the fallacious Krugman thinking as follows:

"But, when OECD (Organization for Economic Cooperation and Development. An organization that acts as a meeting ground for 30 countries) data set is used, and a bit longer (from 2007) timeframe is uses, each 1% increase in deficit was associated with about 0.3% decrease in growth per capita income, 2007-2010."
Lott, "At The Brink," p.101.

The simple truth is that governments cannot spend their way out of economic problems.

 

[EdwardBaiamonte]

Capitalism merely exploits labor for profit.

in fact West Germany did far better than East Germany thanks to capitalist profit seeking Do you need 10 examples??? China just switched to capitalist profit seeking and eliminated half the poverty on earth!! Capitalism is the greatest miracle of all. Liberals are so stupid as to advise China to switch back to liberal socialism when 10 million a year might starve to death!! Are liberal, in reality, nothing but killers?

Why: to someone with a low IQ and bleeding heart welfare seems like a useful and kind step to take.

 

[t_polkow]

When socialists thump their chests, and make obeisance to the collective, marginalize the efforts of the rugged individualist, the entrepreneur, e.g., "You didn't build that!," well, perhaps we should recall what made America great.



Carl Schramm is president of the [non-partisan] Kansas City-based Kauffman Foundation, known to National Public Radio listeners and a few others as "the foundation for entrepreneurship.”
Carl Schramm Says Capitalism Allows Entrepreneurship to Thrive - WSJ.com

Mr. Schramm has written “Good Capitalism, Bad Capitalism, and the Economics of Growth and Prosperity,” and “The Entrepreneurial Imperative: How America's Economic Miracle Will Reshape the World (and Change Your Life)” among others.






In an interview on May 20, 2009, he discussed the following.
1.Economic growth owes more to the forbearance of the state than to its intervention. Governments do not make wealth, only their citizens do.

2. The $7.4 Trillion in federal debt works out to $508,000 per household. There is currently no plan to settle the debt, it is ongoing. [And Obama's promise to cut this debt???]

3. To see the result of government dependency programs, we can study Europe in the post-1960 period, and it becomes eminently clear that the result of government debt is slow growth in the economy. Real gross domestic product (GDP) per capita, after growing 3.2% a year from 1962 to 1973, sank to a 1% annual growth rate from 1974 to 1982 [http://www.realclearpolitics.com/articles/2008/05/economics_and_the_entrepreneur.html], ‘stagflation’ period based on Vietnam debt. .






We thought that the Japanese economic model was correct, and many in our government thought to use a central-planning model, here as well. But it proved dead wrong: the attempt to absorb risk into the state and grow the state government, has resulted in almost 15 years of slow growth.

4. The problem seems to rest in the human psyche, using the magical phrase “this time is different.” We are so needing to have certainty in an economic context, that any government official who speaks with authority rules in the current circumstances. We forget to apply this phrase: “Past is prologue.” Either economic growth will come in at 4-5-or 6% a year, or we will have to inflate our currency. With inflation in ’81-’82-’83 [16% CPI, 18% Medical Price Index, 15% housing mortgages] we paid for Vietnam and the Great Society.


5. Can the poor still get rich? Immigrants do it. As entrepreneurs, they accomplish the following: 1) Innovation, they bring out new things. 2) Almost all jobs are created by new businesses, firms less than five years old. 3) They drive efficiency into the system by competition.

It is interesting that John Kenneth Galbraith, a Keynesian and an institutionalist, a leading proponent of 20th-century American liberalism and progressivism, wrote in 1984, that entrepreneurs are no longer important to American development, and all economic innovation will occur in large labs, like Bell Labs. When he wrote that, Microsoft was four years old. “Galbraith had written in 1967 that the entrepreneur was a "diminishing figure": "Apart from access to capital, his principal qualifications were imagination, capacity for decision[making] and courage in risking money, including, not infrequently, his own.”
RealClearPolitics - Economics and the Entrepreneur






6. American capitalism is based on the entrepreneurs who risk their own capital, and produce the supply that causes demand as represented by Says Law of Economics.:
“Many European postal systems, telegraph lines and railroads were built with government money, and sometimes with insufficient capacity. But in the United States, instead of burdening taxpayers, we sell investors the equivalent of high-priced lottery tickets each time one of these technologies arrives.”
In Technology, Supply Precedes Demand - NYTimes.com

Regulation and taxation are impediments to these entrepreneurs.




Memorial Day....in memory of the once great American culture......

Now? Saddled with socialists and whiners who believe that there is a 'free lunch.'

if you don't like America you can go back where you came from then and "enjoy" your culture as we have enough homegrown nutcases here

 

[Dugdale_Jukes]

Capitalism merely exploits labor for profit.

in fact West Germany did far better than East Germany thanks to capitalist profit seeking Do you need 10 examples??? China just switched to capitalist profit seeking and eliminated half the poverty on earth!! Capitalism is the greatest miracle of all. Liberals are so stupid as to advise China to switch back to liberal socialism when 10 million a year might starve to death!! Are liberal, in reality, nothing but killers?

Why: to someone with a low IQ and bleeding heart welfare seems like a useful and kind step to take.

Edmund, have you considered doing stand up? Thinking that if you wore a highwater Italian suit made of pure 100% polyester with white imitation silk socks and Chinese Gucci knockoff slippers, brown with a little tassel, and said some of this shit on stage in Las Vegas you could have your own television show in a year or two.

 

[Toronado3800]

When socialists thump their chests, and make obeisance to the collective, marginalize the efforts of the rugged individualist, the entrepreneur, e.g., "You didn't build that!," well, perhaps we should recall what made America great.



Carl Schramm is president of the [non-partisan] Kansas City-based Kauffman Foundation, known to National Public Radio listeners and a few others as "the foundation for entrepreneurship.”
Carl Schramm Says Capitalism Allows Entrepreneurship to Thrive - WSJ.com

Mr. Schramm has written “Good Capitalism, Bad Capitalism, and the Economics of Growth and Prosperity,” and “The Entrepreneurial Imperative: How America's Economic Miracle Will Reshape the World (and Change Your Life)” among others.






In an interview on May 20, 2009, he discussed the following.
1.Economic growth owes more to the forbearance of the state than to its intervention. Governments do not make wealth, only their citizens do.

2. The $7.4 Trillion in federal debt works out to $508,000 per household. There is currently no plan to settle the debt, it is ongoing. [And Obama's promise to cut this debt???]

3. To see the result of government dependency programs, we can study Europe in the post-1960 period, and it becomes eminently clear that the result of government debt is slow growth in the economy. Real gross domestic product (GDP) per capita, after growing 3.2% a year from 1962 to 1973, sank to a 1% annual growth rate from 1974 to 1982 [http://www.realclearpolitics.com/articles/2008/05/economics_and_the_entrepreneur.html], ‘stagflation’ period based on Vietnam debt. .






We thought that the Japanese economic model was correct, and many in our government thought to use a central-planning model, here as well. But it proved dead wrong: the attempt to absorb risk into the state and grow the state government, has resulted in almost 15 years of slow growth.

4. The problem seems to rest in the human psyche, using the magical phrase “this time is different.” We are so needing to have certainty in an economic context, that any government official who speaks with authority rules in the current circumstances. We forget to apply this phrase: “Past is prologue.” Either economic growth will come in at 4-5-or 6% a year, or we will have to inflate our currency. With inflation in ’81-’82-’83 [16% CPI, 18% Medical Price Index, 15% housing mortgages] we paid for Vietnam and the Great Society.


5. Can the poor still get rich? Immigrants do it. As entrepreneurs, they accomplish the following: 1) Innovation, they bring out new things. 2) Almost all jobs are created by new businesses, firms less than five years old. 3) They drive efficiency into the system by competition.

It is interesting that John Kenneth Galbraith, a Keynesian and an institutionalist, a leading proponent of 20th-century American liberalism and progressivism, wrote in 1984, that entrepreneurs are no longer important to American development, and all economic innovation will occur in large labs, like Bell Labs. When he wrote that, Microsoft was four years old. “Galbraith had written in 1967 that the entrepreneur was a "diminishing figure": "Apart from access to capital, his principal qualifications were imagination, capacity for decision[making] and courage in risking money, including, not infrequently, his own.”
RealClearPolitics - Economics and the Entrepreneur






6. American capitalism is based on the entrepreneurs who risk their own capital, and produce the supply that causes demand as represented by Says Law of Economics.:
“Many European postal systems, telegraph lines and railroads were built with government money, and sometimes with insufficient capacity. But in the United States, instead of burdening taxpayers, we sell investors the equivalent of high-priced lottery tickets each time one of these technologies arrives.”
In Technology, Supply Precedes Demand - NYTimes.com

Regulation and taxation are impediments to these entrepreneurs.




Memorial Day....in memory of the once great American culture......

Now? Saddled with socialists and whiners who believe that there is a 'free lunch.'

This is not too controversal on your part

Yes the debt sucks. Sure I will quote you in the next Reagan thread.

I guess you are grasping at straws and trying to upset some tea party folks with the somthing for nothing socialist cracks. That could start a debate I suppose.

Interesting point on inflation marginalizing the debt. It can do the same thing to home debt as well long as income levels rise I suppose.

 

[EdwardBaiamonte]

Capitalism merely exploits labor for profit.

in fact West Germany did far better than East Germany thanks to capitalist profit seeking Do you need 10 examples??? China just switched to capitalist profit seeking and eliminated half the poverty on earth!! Capitalism is the greatest miracle of all. Liberals are so stupid as to advise China to switch back to liberal socialism when 10 million a year might starve to death!! Are liberal, in reality, nothing but killers?

Why: to someone with a low IQ and bleeding heart welfare seems like a useful and kind step to take.

Edmund, have you considered doing stand up? Thinking that if you wore a highwater Italian suit made of pure 100% polyester with white imitation silk socks and Chinese Gucci knockoff slippers, brown with a little tassel, and said some of this shit on stage in Las Vegas you could have your own television show in a year or two.

China just switched to capitalist profit seeking and eliminated half the poverty on earth!!

 

[PoliticalChic]

When socialists thump their chests, and make obeisance to the collective, marginalize the efforts of the rugged individualist, the entrepreneur, e.g., "You didn't build that!," well, perhaps we should recall what made America great.



Carl Schramm is president of the [non-partisan] Kansas City-based Kauffman Foundation, known to National Public Radio listeners and a few others as "the foundation for entrepreneurship.”
Carl Schramm Says Capitalism Allows Entrepreneurship to Thrive - WSJ.com

Mr. Schramm has written “Good Capitalism, Bad Capitalism, and the Economics of Growth and Prosperity,” and “The Entrepreneurial Imperative: How America's Economic Miracle Will Reshape the World (and Change Your Life)” among others.






In an interview on May 20, 2009, he discussed the following.
1.Economic growth owes more to the forbearance of the state than to its intervention. Governments do not make wealth, only their citizens do.

2. The $7.4 Trillion in federal debt works out to $508,000 per household. There is currently no plan to settle the debt, it is ongoing. [And Obama's promise to cut this debt???]

3. To see the result of government dependency programs, we can study Europe in the post-1960 period, and it becomes eminently clear that the result of government debt is slow growth in the economy. Real gross domestic product (GDP) per capita, after growing 3.2% a year from 1962 to 1973, sank to a 1% annual growth rate from 1974 to 1982 [http://www.realclearpolitics.com/articles/2008/05/economics_and_the_entrepreneur.html], ‘stagflation’ period based on Vietnam debt. .






We thought that the Japanese economic model was correct, and many in our government thought to use a central-planning model, here as well. But it proved dead wrong: the attempt to absorb risk into the state and grow the state government, has resulted in almost 15 years of slow growth.

4. The problem seems to rest in the human psyche, using the magical phrase “this time is different.” We are so needing to have certainty in an economic context, that any government official who speaks with authority rules in the current circumstances. We forget to apply this phrase: “Past is prologue.” Either economic growth will come in at 4-5-or 6% a year, or we will have to inflate our currency. With inflation in ’81-’82-’83 [16% CPI, 18% Medical Price Index, 15% housing mortgages] we paid for Vietnam and the Great Society.


5. Can the poor still get rich? Immigrants do it. As entrepreneurs, they accomplish the following: 1) Innovation, they bring out new things. 2) Almost all jobs are created by new businesses, firms less than five years old. 3) They drive efficiency into the system by competition.

It is interesting that John Kenneth Galbraith, a Keynesian and an institutionalist, a leading proponent of 20th-century American liberalism and progressivism, wrote in 1984, that entrepreneurs are no longer important to American development, and all economic innovation will occur in large labs, like Bell Labs. When he wrote that, Microsoft was four years old. “Galbraith had written in 1967 that the entrepreneur was a "diminishing figure": "Apart from access to capital, his principal qualifications were imagination, capacity for decision[making] and courage in risking money, including, not infrequently, his own.”
RealClearPolitics - Economics and the Entrepreneur






6. American capitalism is based on the entrepreneurs who risk their own capital, and produce the supply that causes demand as represented by Says Law of Economics.:
“Many European postal systems, telegraph lines and railroads were built with government money, and sometimes with insufficient capacity. But in the United States, instead of burdening taxpayers, we sell investors the equivalent of high-priced lottery tickets each time one of these technologies arrives.”
In Technology, Supply Precedes Demand - NYTimes.com

Regulation and taxation are impediments to these entrepreneurs.




Memorial Day....in memory of the once great American culture......

Now? Saddled with socialists and whiners who believe that there is a 'free lunch.'

This is not too controversal on your part

Yes the debt sucks. Sure I will quote you in the next Reagan thread.

I guess you are grasping at straws and trying to upset some tea party folks with the somthing for nothing socialist cracks. That could start a debate I suppose.

Interesting point on inflation marginalizing the debt. It can do the same thing to home debt as well long as income levels rise I suppose.

"Yes the debt sucks. Sure I will quote you in the next Reagan thread."

And watch me rip you a new one......

 

[PoliticalChic]

When socialists thump their chests, and make obeisance to the collective, marginalize the efforts of the rugged individualist, the entrepreneur, e.g., "You didn't build that!," well, perhaps we should recall what made America great.



Carl Schramm is president of the [non-partisan] Kansas City-based Kauffman Foundation, known to National Public Radio listeners and a few others as "the foundation for entrepreneurship.”
Carl Schramm Says Capitalism Allows Entrepreneurship to Thrive - WSJ.com

Mr. Schramm has written “Good Capitalism, Bad Capitalism, and the Economics of Growth and Prosperity,” and “The Entrepreneurial Imperative: How America's Economic Miracle Will Reshape the World (and Change Your Life)” among others.






In an interview on May 20, 2009, he discussed the following.
1.Economic growth owes more to the forbearance of the state than to its intervention. Governments do not make wealth, only their citizens do.

2. The $7.4 Trillion in federal debt works out to $508,000 per household. There is currently no plan to settle the debt, it is ongoing. [And Obama's promise to cut this debt???]

3. To see the result of government dependency programs, we can study Europe in the post-1960 period, and it becomes eminently clear that the result of government debt is slow growth in the economy. Real gross domestic product (GDP) per capita, after growing 3.2% a year from 1962 to 1973, sank to a 1% annual growth rate from 1974 to 1982 [http://www.realclearpolitics.com/articles/2008/05/economics_and_the_entrepreneur.html], ‘stagflation’ period based on Vietnam debt. .






We thought that the Japanese economic model was correct, and many in our government thought to use a central-planning model, here as well. But it proved dead wrong: the attempt to absorb risk into the state and grow the state government, has resulted in almost 15 years of slow growth.

4. The problem seems to rest in the human psyche, using the magical phrase “this time is different.” We are so needing to have certainty in an economic context, that any government official who speaks with authority rules in the current circumstances. We forget to apply this phrase: “Past is prologue.” Either economic growth will come in at 4-5-or 6% a year, or we will have to inflate our currency. With inflation in ’81-’82-’83 [16% CPI, 18% Medical Price Index, 15% housing mortgages] we paid for Vietnam and the Great Society.


5. Can the poor still get rich? Immigrants do it. As entrepreneurs, they accomplish the following: 1) Innovation, they bring out new things. 2) Almost all jobs are created by new businesses, firms less than five years old. 3) They drive efficiency into the system by competition.

It is interesting that John Kenneth Galbraith, a Keynesian and an institutionalist, a leading proponent of 20th-century American liberalism and progressivism, wrote in 1984, that entrepreneurs are no longer important to American development, and all economic innovation will occur in large labs, like Bell Labs. When he wrote that, Microsoft was four years old. “Galbraith had written in 1967 that the entrepreneur was a "diminishing figure": "Apart from access to capital, his principal qualifications were imagination, capacity for decision[making] and courage in risking money, including, not infrequently, his own.”
RealClearPolitics - Economics and the Entrepreneur






6. American capitalism is based on the entrepreneurs who risk their own capital, and produce the supply that causes demand as represented by Says Law of Economics.:
“Many European postal systems, telegraph lines and railroads were built with government money, and sometimes with insufficient capacity. But in the United States, instead of burdening taxpayers, we sell investors the equivalent of high-priced lottery tickets each time one of these technologies arrives.”
In Technology, Supply Precedes Demand - NYTimes.com

Regulation and taxation are impediments to these entrepreneurs.




Memorial Day....in memory of the once great American culture......

Now? Saddled with socialists and whiners who believe that there is a 'free lunch.'

if you don't like America you can go back where you came from then and "enjoy" your culture as we have enough homegrown nutcases here

If I ever needed a brain transplant I’d want yours….’cause I’d want one that had never been used.

 

[Toronado3800]

When socialists thump their chests, and make obeisance to the collective, marginalize the efforts of the rugged individualist, the entrepreneur, e.g., "You didn't build that!," well, perhaps we should recall what made America great.



Carl Schramm is president of the [non-partisan] Kansas City-based Kauffman Foundation, known to National Public Radio listeners and a few others as "the foundation for entrepreneurship.”
Carl Schramm Says Capitalism Allows Entrepreneurship to Thrive - WSJ.com

Mr. Schramm has written “Good Capitalism, Bad Capitalism, and the Economics of Growth and Prosperity,” and “The Entrepreneurial Imperative: How America's Economic Miracle Will Reshape the World (and Change Your Life)” among others.






In an interview on May 20, 2009, he discussed the following.
1.Economic growth owes more to the forbearance of the state than to its intervention. Governments do not make wealth, only their citizens do.

2. The $7.4 Trillion in federal debt works out to $508,000 per household. There is currently no plan to settle the debt, it is ongoing. [And Obama's promise to cut this debt???]

3. To see the result of government dependency programs, we can study Europe in the post-1960 period, and it becomes eminently clear that the result of government debt is slow growth in the economy. Real gross domestic product (GDP) per capita, after growing 3.2% a year from 1962 to 1973, sank to a 1% annual growth rate from 1974 to 1982 [http://www.realclearpolitics.com/articles/2008/05/economics_and_the_entrepreneur.html], ‘stagflation’ period based on Vietnam debt. .






We thought that the Japanese economic model was correct, and many in our government thought to use a central-planning model, here as well. But it proved dead wrong: the attempt to absorb risk into the state and grow the state government, has resulted in almost 15 years of slow growth.

4. The problem seems to rest in the human psyche, using the magical phrase “this time is different.” We are so needing to have certainty in an economic context, that any government official who speaks with authority rules in the current circumstances. We forget to apply this phrase: “Past is prologue.” Either economic growth will come in at 4-5-or 6% a year, or we will have to inflate our currency. With inflation in ’81-’82-’83 [16% CPI, 18% Medical Price Index, 15% housing mortgages] we paid for Vietnam and the Great Society.


5. Can the poor still get rich? Immigrants do it. As entrepreneurs, they accomplish the following: 1) Innovation, they bring out new things. 2) Almost all jobs are created by new businesses, firms less than five years old. 3) They drive efficiency into the system by competition.

It is interesting that John Kenneth Galbraith, a Keynesian and an institutionalist, a leading proponent of 20th-century American liberalism and progressivism, wrote in 1984, that entrepreneurs are no longer important to American development, and all economic innovation will occur in large labs, like Bell Labs. When he wrote that, Microsoft was four years old. “Galbraith had written in 1967 that the entrepreneur was a "diminishing figure": "Apart from access to capital, his principal qualifications were imagination, capacity for decision[making] and courage in risking money, including, not infrequently, his own.”
RealClearPolitics - Economics and the Entrepreneur






6. American capitalism is based on the entrepreneurs who risk their own capital, and produce the supply that causes demand as represented by Says Law of Economics.:
“Many European postal systems, telegraph lines and railroads were built with government money, and sometimes with insufficient capacity. But in the United States, instead of burdening taxpayers, we sell investors the equivalent of high-priced lottery tickets each time one of these technologies arrives.”
In Technology, Supply Precedes Demand - NYTimes.com

Regulation and taxation are impediments to these entrepreneurs.




Memorial Day....in memory of the once great American culture......

Now? Saddled with socialists and whiners who believe that there is a 'free lunch.'

This is not too controversal on your part

Yes the debt sucks. Sure I will quote you in the next Reagan thread.

I guess you are grasping at straws and trying to upset some tea party folks with the somthing for nothing socialist cracks. That could start a debate I suppose.

Interesting point on inflation marginalizing the debt. It can do the same thing to home debt as well long as income levels rise I suppose.

"Yes the debt sucks. Sure I will quote you in the next Reagan thread."

And watch me rip you a new one......

Fine. Tell me how Obama's debt is bad but Reagan's was good. I can accept pumping the economy with deficit spending as a theory btw so I am not automatically throwing Reagan under the bus. I just see it as the same creature.

Now sometimes folks have tried to blame Ronald's debt on Congress but that flies in the face of ppl who claim he was a great communicator and not Jimmy Carter ineffective. It also gives his Congresses more credit for the recovery. A trail we can run down I suppose.

 

[PoliticalChic]

Capitalism merely exploits labor for profit.

in fact West Germany did far better than East Germany thanks to capitalist profit seeking Do you need 10 examples??? China just switched to capitalist profit seeking and eliminated half the poverty on earth!! Capitalism is the greatest miracle of all. Liberals are so stupid as to advise China to switch back to liberal socialism when 10 million a year might starve to death!! Are liberal, in reality, nothing but killers?

Why: to someone with a low IQ and bleeding heart welfare seems like a useful and kind step to take.

And, another example....


Communism or Capitalism? Finland and Estonia

In 1939 Finland and its southern neighbor Estonia were identical in many ways. Then, in 1940, the USSR occupied Estonia, and it remained under communist rule for 50 years. Here are the words of Mart Laar, Estonia’s former prime minister, stating what communism did to his country:

“Look at what happened in this context during these fifty years and then you can understand how terrible the communist system really is. And it’s not only in the economy. This is in all fields of life—the social structure, cultural standards, education, healthcare, or whatever. When you compare those two countries, which were exactly the same in 1939[,] in 1989, then you will find what communism really means, and how bad it is. Our economy, our nature, and our environment was [sic] destroyed.”

The conclusion:

Their economic and social differences grew so large that no informed person could honestly dispute the pernicious effect that communist rule had on occupied Estonia.
The Filter^: Finland and Estonia

In 1991 Estonia became capitalist, and experienced massive economic growth. They discovered the errors of progressive class warfare.

 

[PoliticalChic]

This is not too controversal on your part

Yes the debt sucks. Sure I will quote you in the next Reagan thread.

I guess you are grasping at straws and trying to upset some tea party folks with the somthing for nothing socialist cracks. That could start a debate I suppose.

Interesting point on inflation marginalizing the debt. It can do the same thing to home debt as well long as income levels rise I suppose.

"Yes the debt sucks. Sure I will quote you in the next Reagan thread."

And watch me rip you a new one......

Fine. Tell me how Obama's debt is bad but Reagan's was good. I can accept pumping the economy with deficit spending as a theory btw so I am not automatically throwing Reagan under the bus. I just see it as the same creature.

Now sometimes folks have tried to blame Ronald's debt on Congress but that flies in the face of ppl who claim he was a great communicator and not Jimmy Carter ineffective. It also gives his Congresses more credit for the recovery. A trail we can run down I suppose.

"Tell me how Obama's debt is bad but Reagan's was good."

Not as simple as you, but simple, none the less:

1. Under Reagan, the debt went up $1.7 trillion, from $900 billion to $2.6 trillion.
2. But….the national wealth went up $ 17 trillion
Reaganomics - Wikipedia, the free encyclopedia


How's dat, booooyyyyyyeeeee?

 

[EdwardBaiamonte]

"Yes the debt sucks. Sure I will quote you in the next Reagan thread."

And watch me rip you a new one......

Fine. Tell me how Obama's debt is bad but Reagan's was good. I can accept pumping the economy with deficit spending as a theory btw so I am not automatically throwing Reagan under the bus. I just see it as the same creature.

Now sometimes folks have tried to blame Ronald's debt on Congress but that flies in the face of ppl who claim he was a great communicator and not Jimmy Carter ineffective. It also gives his Congresses more credit for the recovery. A trail we can run down I suppose.

"Tell me how Obama's debt is bad but Reagan's was good."

Not as simple as you, but simple, none the less:

1. Under Reagan, the debt went up $1.7 trillion, from $900 billion to $2.6 trillion.
2. But….the national wealth went up $ 17 trillion
Reaganomics - Wikipedia, the free encyclopedia


How's dat, booooyyyyyyeeeee?

and lets not forget Reagan's debt ended the Cold War, saved the earth from possible nuclear anniliation, and freed about 2 billion people from liberal socialism en masse starvation, while Obama's debt is merely prolonging the recession and making more Americans dependent on welfare entitlements.

 

[Toronado3800]

Now look kids. It is ok to be against the debt. Just be consistent and not blind cheerleaders for this team or that.

Debt as a % of GDP makes the Reagan debt look like a failure.

File:US Federal Debt as Percent of GDP by President.jpg - Wikimedia Commons

Fair point about the cold war. I guess you can say the same about our winding down wars against terrorism. Now hindsight makes me want to support the U.S.S.R. in the mountains but hey, after Vietnam that was understandable from an old cold war warrior who could not see the future enemy.

 

[EdwardBaiamonte]

Fair point about the cold war. I guess you can say the same about our winding down wars against terrorism.

except we know that the liberal objective is more and more welfare for all regardless of debt load because rich now pay for everything!

 

[Dugdale_Jukes]

Fine. Tell me how Obama's debt is bad but Reagan's was good. I can accept pumping the economy with deficit spending as a theory btw so I am not automatically throwing Reagan under the bus. I just see it as the same creature.

Now sometimes folks have tried to blame Ronald's debt on Congress but that flies in the face of ppl who claim he was a great communicator and not Jimmy Carter ineffective. It also gives his Congresses more credit for the recovery. A trail we can run down I suppose.

"Tell me how Obama's debt is bad but Reagan's was good."

Not as simple as you, but simple, none the less:

1. Under Reagan, the debt went up $1.7 trillion, from $900 billion to $2.6 trillion.
2. But….the national wealth went up $ 17 trillion
Reaganomics - Wikipedia, the free encyclopedia


How's dat, booooyyyyyyeeeee?

and lets not forget Reagan's debt ended the Cold War, saved the earth from possible nuclear anniliation, and freed about 2 billion people from liberal socialism en masse starvation, while Obama's debt is merely prolonging the recession and making more Americans dependent on welfare entitlements.

Wow. Where do they issue the koolade these days, Ed? Are you aware that the objective of the "enemy" was to get the US to bankrupt itself? Russian had a hard time holding on to Yugoslavia. No honest person with a three digit IQ and a clue ever believed they could invade Europe for more than a weekend.

I am laughing out loud that Russia was buying Canadian wheat and South American beef to feed its people and neocons thought it was an existential threat to as you so pithily note, "earth". That is hilarious.

Even more hilarious you nutballs claim it was "worth it". Jesus. No wonder the country is swirling above the drain.

 

[EdwardBaiamonte]

Wow. Where do they issue the koolade these days, Ed? Are you aware that the objective of the "enemy" was to get the US to bankrupt itself? Russian had a hard time holding on to Yugoslavia. No honest person with a three digit IQ and a clue ever believed they could invade Europe for more than a weekend.

dear, they invaded Europe and kept half of it for themselves. This is in all the history books

I am laughing out loud that Russia was buying Canadian wheat and South American beef to feed its people and neocons thought it was an existential threat to as you so pithily note, "earth". That is hilarious.

dear, buying wheat was not the threat, but the nuclear missiles were, as well as our liberals who spied for Stalin and gave him the bomb, and of course our liberal economists who assured us their system would surpass ours.

Don't mean to rock your world. Sorry