Pro-Wrestler Smacks Down Keynesian

Discussion in 'Economy' started by Kevin_Kennedy, Feb 3, 2009.

  1. Kevin_Kennedy
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    Kevin_Kennedy Defend Liberty

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    An Open Letter to Robert Reich by Glenn Jacobs

    Professional wrestler Glenn Jacobs, aka "Kane," wrote a letter to Robert Reich. Reich was Secretary of Labor in the Clinton administration.
     
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  2. Agnapostate
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    Agnapostate BANNED

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    Yeah, he's been campaigning for market causes and politicians who support that perspective. But then again, he's only 6'8, and is represented as a 7-footer. ;)

    Why do people continue to mention the Austrian school as though they possess some sort of significane? They insist on wasting time with impractical and obsolete theoretical matters, and choose to ignore empirical evidence.
     
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  3. Paulie
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    Paulie Platinum Member

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    How could something that's supposedly never been put into practice be "obsolete"?

    And could you show us the empirical evidence, please?
     
  4. Ravi
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    Ravi Diamond Member

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    He's so stupid that he thinks the government has never created jobs.

    LOL! And you guys give me a hard time for not understanding economics.

    :cuckoo:
     
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  5. Ravi
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    Ravi Diamond Member

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    tff! The guy looks just like Joe the Plumber.
     
  6. Agnapostate
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    Because of the failed attempts to apply certain tenets of free market theory. (The consequences of globalization as manifested in the East Asian crisis of the late 1990's, for instance.)

    Empirical evidence regarding what?
     
  7. Kevin_Kennedy
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    Kevin_Kennedy Defend Liberty

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    The government can't create jobs. To create a job the government must take money from the private sector and thus destroy a job.

    He's a little bigger than that I believe.
     
  8. Agnapostate
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    I can't imagine where the basis for such claims is found. Were it not for the countless labors of the public sector throughout so many generations, the majority of private wealth would not exist.
     
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  9. Ravi
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    Ravi Diamond Member

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    Here are a few examples.

    The military...do you just believe it's an adventure and not a JOB? And how many of the industries that cater to the military would exist if the government hadn't created that job? And the training the enlistee's get...translate into future jobs.

    Schools...a few years ago our public schools made uniforms mandatory. Guess what? Shops that sold school uniforms opened for business and hired people...and bought the uniforms from some where else where others were employed. Not to mention teachers, administrators, etc. Not to mention that education leads to jobs.

    Clothing stores for uniforms, boots, etc. for fire fighters, cops, paramedics...none would exist to employ the shop keepers if the government hadn't created those jobs.

    Infrastructure jobs...keep people employed for ever with maintenance of the structures.
     
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  10. Kevin_Kennedy
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    Kevin_Kennedy Defend Liberty

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    Again, any job the government creates it also destroys by taking money from the private sector so that the private sector can no longer create jobs with that money.

    Economics in One Lesson

    Government Projects do not "Create Jobs" - Isaac M. Morehouse - Mises Institute
     

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