The People's Republic of North America (By Adam Smith?)

[mascale]

Disparaging comments on even the relevancy of Presbyterian family values aside: What if Adam Smith had known that he was wrong?

Point Being Made: Even in the United States, Central Government has the authority to coin and print money, and regulate the value thereof. That is not a Laizzez Faire Marvel, but is in fact a government intervention into the marketplace. The Market Place needs a measure of value. It relies on the numbers on the money. Central governments provide the measure on which the marketplace relies.

So "Laizzez Faire" is nonsense, even though Supply and Demand are not nonsense.

Rich people create demand. Poor people do not create demand. So if the rich get richer, and the poor get poorer: Then the economy arranged like that is doomed to failure, and its people all die like dogs in vomit.

"But what about the big pieces," no one ever asks. When vomit happens in the marketplace, the nappy headed ho'meowners do not repay the mortgages, the big houses(?) collapse. They disintegrate into a kind of fluid, stinky, drivel that provides nothing more at all. The big pieces are all gone for good: and evil. That is apparently hard for Presbyterians to understand.

Had The Presybeterian Person actually explained this at the start: Then even the Chinese would have had the head start the mainland is only recently creating. The Chinese would not have established regional COLA's, raising incomes a fixed percentage--making the rich richer, and the poor poorer--which they did.

Israel and Middle Eastern nations actually do that for all incomes--raise them a fixed percentage across-the-board--but millions and billions would have guessed that at any rate.

Actually, ordinary White people can figure this out. Anyone can guess where they come from. Her Majesty's government can guess this. (And Even On Her Majesty's Very Secret Service!)

"Crow, James Crow: Shaken, Not Stirred!"
("Rule, Britania! Britania Rule the Waves! Britons, Never Ever: Will Be. . . Well!"

 

[WiseOldMan]

This thread gets my vote for PURE DUMB.

 

[alice123]

mine also

 

[mascale]

The analytical commenting of WiseOldMan'sFart, And Alice123'Ho: Reminds anyone that people with MBA's, and Doctorates in Economics , and lawyers--created the recent financial disaster intentionally.

The "Dismal Science" of economics is mainly, clearly peopled: By Myopics. It is logical fallacy of Affirming the Consequent to premise that there are scarce goods and services, when given a distribution system providing increasingly scarce goods and services--concluding that after all, the outcome of the "science" is, and ever shall be: Scare Goods and Services!

Even Jew-Boy Jesus opened his discussions of worry and care: With observations of abundance, even for the critters. Jewish Albert Einstein more or less blew the entire premise to bits. There are still, however, Presbyterians left in Europe!

And so little kids, even, have to learn wrong things every day: From adults doing wrong things every day. Two little denizens of the White House come to mind, wherein it takes two of them to have the four legs.

But enough of comment about the nappy headed little--well, "educated young ladies," as it should be properly stated.

Actually, the Adults, and including the judicial nominee: Are the Ivy League educated in the Law! One even created the pretense of being an educator about it.

"Crow, James Crow: Shaken, Not Stirred!"
("Crow, Here! You Rang?")