CDZ How Consistent With American School Economics Should Current Administration Public Policy Be ?

Discussion in 'Clean Debate Zone' started by Monk-Eye, Oct 18, 2019.

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How Consistent With American School Economics Should Current Administration Public Policy Be ?

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  1. Monk-Eye
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    Monk-Eye VIP Member

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    " How Consistent With American School Economics Should Current Administration Public Policy Be ? "

    * Measures Of Political Weather Off Whether State Policy Best Exercises Citizen Self Interest *

    Is the current administration exercising the first core policy of american school economics , as listed below ?

    Is the current administration exercising the second core policy of american school economics , as listed below ?

    Is the current administration exercising the third core policy of american school economics , as listed below ?

    American School (economics) - Wikipedia
    It is the macroeconomic philosophy that dominated United States national policies from the time of the American Civil War until the mid-20th century.[2][3][4][5][6][7] Closely related to mercantilism, it can be seen as contrary to classical economics. It consisted of these three core policies:

    1. Protecting industry through selective high tariffs (especially 1861–1932) and through subsidies (especially 1932–1970).
    2. Government investments in infrastructure creating targeted internal improvements (especially in transportation).
    3. A national bank with policies that promote the growth of productive enterprises rather than speculation.[8][9][10][11]

    The American School's key elements were promoted by John Quincy Adams and his National Republican Party, Henry Clay and the Whig Party and Abraham Lincoln through the early Republican Party which embraced, implemented and maintained this economic system.[12]

    During its American System period, the United States grew into the largest economy in the world with the highest standard of living, surpassing the British Empire by the 1880s.[13][disputeddiscuss]


    * Dilemma Of What Two Due *

    Which should be supported of the three core policies in american school economics as us public policy ?


    * Public Private Trust Third Tier National Bank Holdings *

    Have any been exposed to a third tier of economics which has been described in a thread entitled " Empowering Americans - Foundry For A Public Private Trust " ?
     
  2. jwoodie
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    jwoodie Gold Member Supporting Member

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    A more legitimate question would be: How does the current administration's economic policy compare with that of its predecessor?

    But I don't think you want to go there...
     
  3. Monk-Eye
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    Monk-Eye VIP Member

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    " America First "

    * Tariffs And Domestic Infrastructure Versus Off Shoring Industry And Importing A Gluttony of Useless Labor *
    Why not ?

    As long as it ties back to the OP , how do the two administrations differ ?
     
  4. progressive hunter
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    progressive hunter Gold Member

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    I'm not seeing anything in the constitution that gives the feds the authority to micro manage the economy,,,
     
  5. Monk-Eye
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    Monk-Eye VIP Member

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    " Dispositions Of Opportunists "

    * Ignoring The Well Being Of Others And Helping Ones Self *
    Commerce Clause - Wikipedia
    Article I, Section 8, Clause 3:[3]
    [The Congress shall have Power] To regulate Commerce with foreign Nations, and among the several States, and with the Indian Tribes;


    Extreme economic liberals ( classical liberal - aka libertarians ) seldom see any responsibility of government to regulate commerce , as economic liberals are usually concerned with opportunities that government affords them by way of access to a stable populace , while often denying any obligation to maintain the well being of those upon who the economy relies .

    As libertarians know , negative wrights of the constitution are proscriptions against government action , but negative wrights do not apply to non government entities exercising private property .
     
    Last edited: Oct 20, 2019
  6. jwoodie
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    jwoodie Gold Member Supporting Member

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    Your question presupposes the superiority of American School Economics (as opposed to Austrian School Economics?) and implies that any deviation from it by the current administration is definitionally faulty.

    I was merely suggesting an alternative question based empirical evidence rather than popular theory.

    P.S. What is with all the asterisks?
     
  7. progressive hunter
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    progressive hunter Gold Member

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    blah blah blah,,,maybe you should look into what they meant when they put that in there,, back then to regulate meant to make regular not control all aspects of business,,,

    by your/those standards we are a fascist state ran by the government,,,
     
  8. Monk-Eye
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    Monk-Eye VIP Member

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    " Divulging Under Laying Points "

    * Infrastructure Matters Guiding Fates *
    The question presupposes that the american school of economics combines national interests within neomercantilism .

    The austrian school of economics expects a consistency between supply and demand curves and espouses individualism and privateering in lieu of bureaucratic collectives .

    * When Immigration Policy Is First Come First Served Seeking Brick Layers To Build Houses For Brick Layers *

    Which empirical evidence suggests that the money multipliers and earnings from particular industries is irrelevant to domestic gross product that translates into national interests ?

    * Investing In Infrastructure And Innovation Skill Sets *

    The asterisks denote a title that esoterically summarizes or elaborates on the section content .
     
  9. Monk-Eye
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    Monk-Eye VIP Member

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    " Representatives Weighing Domestic Interest "

    * Second Person Accusative Loony Tunes *
    More content may be needed for this discussion .

    American School (economics) - Wikipedia
    During its American System period, the United States grew into the largest economy in the world with the highest standard of living, surpassing the British Empire by the 1880s.[13]
    The American School of economics represented the legacy of Alexander Hamilton, who in his Report on Manufactures, argued that the U.S. could not become fully independent until it was self-sufficient in all necessary economic products. Hamilton rooted this economic system, in part, in the successive regimes of Colbert's France and Elizabeth I's England, while rejecting the harsher aspects of mercantilism, such as seeking colonies for markets.

    Frank Bourgin's 1989 study of the Constitutional Convention shows that direct government involvement in the economy was intended by the Founders.[15] The goal, most forcefully articulated by Hamilton, was to ensure that dearly won political independence was not lost by being economically and financially dependent on the powers and princes of Europe. The creation of a strong central government able to promote science, invention, industry and commerce, was seen as an essential means of promoting the general welfare and making the economy of the United States strong enough for them to determine their own destiny.



    * Upgraded Vocabulary *

    Exactly which version and to which degree of state capitalism do you believe the american school of economics represents ?

    State capitalism - Wikipedia

    State capitalism may be used (sometimes interchangeably with state monopoly capitalism) to describe a system where the state intervenes in the economy to protect and advance the interests of big business.
    Noam Chomsky, a supporter of libertarian socialism, applies the term 'state capitalism' to economies such as that of the United States, where large enterprises that are deemed "too big to fail" receive publicly funded government bailouts that mitigate the firms' assumption of risk and undermine market laws and where private production is largely funded by the state at public expense but private owners reap the profits.[11][12][13] This practice is in contrast with the ideals of both socialism and laissez-faire capitalism.[14]

    The term "state capitalism" is also used by some in reference to a private capitalist economy controlled by a state, often meaning a privately owned economy that is subject to statist economic planning. This term was often used to describe the controlled economies of the Great Powers in the First World War.[8]
    Marxist literature defines state capitalism as a social system combining capitalism with ownership or control by a state— by this definition, a state capitalist country is one where the government controls the economy and essentially acts like a single huge corporation, extracting the surplus value from the workforce in order to invest it in further production.[2]

    This designation applies regardless of the political aims of the state (even if the state is nominally socialist)[3] and some people argue that the modern People's Republic of China constitutes a form of state capitalism.[4][5][6][7]

    State capitalism is an economic system in which the state undertakes commercial (i.e. for-profit) economic activity and where the means of production are organized and managed as state-owned business enterprises (including the processes of capital accumulation, wage labor and centralized management), or where there is otherwise a dominance of corporatized government agencies (agencies organized along business-management practices) or of publicly listed corporations in which the state has controlling shares.[1]

    State capitalism has also come to refer to an economic system where the means of production are owned privately, but the state has considerable control over the allocation of credit and investment[9][10] as in the case of France during the period of dirigisme after the Second World War.


    Libertarian socialism - Wikipedia
     
  10. jwoodie
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    jwoodie Gold Member Supporting Member

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    This thread belongs in either the Economics Forum or the Writers Corner.
     

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