Then They Came For the Economists

[JakeStarkey]

mdn2000 and his comrades, what a group of mental midgets. Move on.

 

[Si modo]

Wow.

So, we have to have people tell us what is best for us, right?

I don't believe he's saying that at all. He's just pointing out how flawed Economics is and he's right. He's also right about today's society. With so much disinformation and the world wide web, one of the downsides is sometimes people have no idea what to think. Especially in a subject that has a grey area and with uncertain things.

^^^ Right there, folks. This is the attitude of the 'useful idiot' (don't take it personally, it's a political term) who buys and promotes the idea that he needs others to think for him.

 

[Meister]

Too entrenched in free market ideology? So Soros doesn't understand what a free market is or why this downturn happened. It's a shame actual free market economists were able to predict this recession would happen, whereas the monetarists and Keynesians were caught with their pants down.

Soros is a hedgefunder who bets on economic downturns and makes billions off of it.

This explains why he backed Obama in this last election.

Soros has the money to create a downturn in economics. Just ask Britain how Soros shorted the British Pound.

 

[mudwhistle]

Maybe Soros should re-invent mathematics instead. This way Obama could prove that his massive deficit is actually a surplus. Down is up. Bad is good. Poor is rich.

Fuzzy math.

The bullshit just keeps on coming.

A health plan that they claim is deficit neutral?

It just boggles the mind what they will say knowing full well nobody believes them.

 

[Meister]

George Soros, the fund manager, has pledged $50m to back a new think-tank with the mission of reconceiving the field of economics, which he describes as “a dogma whose time has passed”.

He's completely RIGHT ya' know.

Economics, as fascinated as I am by the nuts and bolts of it, is basically a flawed social science.

At least one of its basic premises is terribly flawed, for example

The premise that people will do what is best for them

People don't do that because they canot understand what is best for them in many cases.

And they generally don't screw up because they're lazy or stupid, but because they cannot KNOW what is best for them given the world that we live in.

We are exposed to so much bleeding propaganda, not only in the news and talk shows, but in the entertainment and advertising we're exposed to, that most people are damned fools.

People, people who have made all the right decisios (according to what they've been told, at last) find themselves screwed in this system.

Who wins most of the time?

Liars hypocrites and gangsters.

Ed, some of your posts I read, and I can actually agree with you, but this isn't one of them...in fact not even close. Nothing is perfect in this world, and never will be. What we have now, we work with, and are quite successful overall.

 

[Xenophon]

Hey george, you don't have to re-invent the wheel, just get another print run for your bible:

 

[mudwhistle]

Wow.

So, we have to have people tell us what is best for us, right?

I don't believe he's saying that at all. He's just pointing out how flawed Economics is and he's right. He's also right about today's society. With so much disinformation and the world wide web, one of the downsides is sometimes people have no idea what to think. Especially in a subject that has a grey area and with uncertain things.

Economics is fairly straight forward.

The problem is when you juggle the books thus pushing on us a false result you tend to get disappointed when your plans don't exactly pan out as planned.

But this isn't really a problem when you're using Treasury funds like it's Monopoly money.

The disinformation seems to be coming from the folks in charge. Transparency is declared but never realized. They really don't want us to find out what they're up to.

The latest version of the health care bill was written behind closed doors and everything that was taken out has been re-worded and put back in. Death Panels are back in and now what you can eat such as fast-food will be strictly controlled because Big Macs are unhealthy I suppose.

Health care bill: Calorie counts for Big Macs, vending machines - Glenn Thrush - POLITICO.com

 

[Annie]

Wow.

So, we have to have people tell us what is best for us, right?

I don't believe he's saying that at all. He's just pointing out how flawed Economics is and he's right. He's also right about today's society. With so much disinformation and the world wide web, one of the downsides is sometimes people have no idea what to think. Especially in a subject that has a grey area and with uncertain things.

Economics is fairly straight forward.

The problem is when you juggle the books thus pushing on us a false result you tend to get disappointed when your plans don't exactly pan out as planned.

But this isn't really a problem when you're using Treasury funds like it's Monopoly money.

The disinformation seems to be coming from the folks in charge. Transparency is declared but never realized. They really don't want us to find out what they're up to.

The latest version of the health care bill was written behind closed doors and everything that was taken out has been re-worded and put back in. Death Panels are back in and now what you can eat such as fast-food will be strictly controlled because Big Macs are unhealthy I suppose.

Health care bill: Calorie counts for Big Macs, vending machines - Glenn Thrush - POLITICO.com

I loved the WH site, 'transparency' meme, regarding releasing some names. What a hoot!

 

[Kevin_Kennedy]

The fact is that there are certain laws of economics that can't be changed simply because somebody might want to.

 

[JakeStarkey]

The fact is that unregulated capitalism leads inevitably to massive contractions of the economy, making the working and poor classes suffer terribly.

Let me share with all of you wingnuts my complete satisfaction that you are going to contribute to the welfare of this country as the health insurance industry is forcefully reformed. The GOP lost the election because it lost, rightfully, the confidence of American voters.

The GOP must come up with a solid conservative program presented by a moderate leader in a calm voice. Sarah and Fred are not those people, while Mitt and Huck may be.

 

[mudwhistle]

I don't believe he's saying that at all. He's just pointing out how flawed Economics is and he's right. He's also right about today's society. With so much disinformation and the world wide web, one of the downsides is sometimes people have no idea what to think. Especially in a subject that has a grey area and with uncertain things.

Economics is fairly straight forward.

The problem is when you juggle the books thus pushing on us a false result you tend to get disappointed when your plans don't exactly pan out as planned.

But this isn't really a problem when you're using Treasury funds like it's Monopoly money.

The disinformation seems to be coming from the folks in charge. Transparency is declared but never realized. They really don't want us to find out what they're up to.

The latest version of the health care bill was written behind closed doors and everything that was taken out has been re-worded and put back in. Death Panels are back in and now what you can eat such as fast-food will be strictly controlled because Big Macs are unhealthy I suppose.

Health care bill: Calorie counts for Big Macs, vending machines - Glenn Thrush - POLITICO.com

I loved the WH site, 'transparency' meme, regarding releasing some names. What a hoot!

Yah, like when they said we had to guess the names they didn't release.

 

[Toro]

Soros is one of the greatest investors and traders of all time. He knows more about markets and how they operate than most economists on the planet.

 

[Modbert]

Soros is one of the greatest investors and traders of all time. He knows more about markets and how they operate than most economists on the planet.

But But He's evil! He's a DEMOCRAT!

 

[Toro]

Free market economies work if they are left alone to do so. It is when people start meddling (i.e., government interference) that bad things begin to happen.

Free markets usually work when they are left alone. But they do not always as the market is often riddled with inadequate information and market power by a few agents, allowing them to extract economic rents from everyone else.

 

[garyd]

Which, Toro, is precisely what Soros has done among other less reputable things. You have two choices you can allow the market to correct itself and try to make the system more open and do what you can to assure the free flow of information or you can try the socialist route which eventually guarantees very flat economic growth to say nothing of unemployment rates in the high single digits for the population as a whole and for kids just getting out of school significantly higher - not infrequently double that. You can check the data for France and Germany.

 

[Darkwind]

The fact is that unregulated capitalism leads inevitably to massive contractions of the economy, making the working and poor classes suffer terribly.

Let me share with all of you wingnuts my complete satisfaction that you are going to contribute to the welfare of this country as the health insurance industry is forcefully reformed. The GOP lost the election because it lost, rightfully, the confidence of American voters.

The GOP must come up with a solid conservative program presented by a moderate leader in a calm voice. Sarah and Fred are not those people, while Mitt and Huck may be.

There are, in fact, no facts in your entire reply.

Capitalism has not been unregulated, contrary to the lunatic fringe left.

Do you even know how many laws exist that govern business and capitalism? they number in the thousands.

The GOP needs to embrace the freedom that the Founding Fathers crafted for our country and allow the economy to live and breath on its own.

There is time enough to punish those who do bad things. There is little time to punish those who have done nothing wrong at all.

 

[Meister]

Soros is one of the greatest investors and traders of all time. He knows more about markets and how they operate than most economists on the planet.

I agree with you on this. But, this guy had enough money to where he hurt an economy the size of Britain, and caused a snowball effect with their Pound. It hurt a lot of everyday people in the process. If Soros has a mindset like that, it's inherently wrong in my opinion. He could have made money with his intelligence in several other areas without the fallout he caused over there. A person should ask himself/herself why would he do that, knowing what would happen?

 

[Darkwind]

Soros is one of the greatest investors and traders of all time. He knows more about markets and how they operate than most economists on the planet.

So how do you reconcile this statement with this statement?

Free markets usually work when they are left alone. But they do not always as the market is often riddled with inadequate information and market power by a few agents, allowing them to extract economic rents from everyone else.

George Soros is the very person you are railing against when you speak out against free markets. After all, if all those who are successful on Wall Street are the true enemies of the bourgeois of America, then Soros is the chief perpetrator, is he not?

 

[Meister]

Soros is one of the greatest investors and traders of all time. He knows more about markets and how they operate than most economists on the planet.

So how do you reconcile this statement with this statement?

Free markets usually work when they are left alone. But they do not always as the market is often riddled with inadequate information and market power by a few agents, allowing them to extract economic rents from everyone else.

George Soros is the very person you are railing against when you speak out against free markets. After all, if all those who are successful on Wall Street are the true enemies of the bourgeois of America, then Soros is the chief perpetrator, is he not?

I think it's because he is a major contributor to the democratic party. Can't do no wrong when your that.

 

[Darkwind]

Soros is one of the greatest investors and traders of all time. He knows more about markets and how they operate than most economists on the planet.

So how do you reconcile this statement with this statement?

Free markets usually work when they are left alone. But they do not always as the market is often riddled with inadequate information and market power by a few agents, allowing them to extract economic rents from everyone else.

George Soros is the very person you are railing against when you speak out against free markets. After all, if all those who are successful on Wall Street are the true enemies of the bourgeois of America, then Soros is the chief perpetrator, is he not?

I think it's because he is a major contributor to the democratic party. Can't do no wrong when your that.

Of course, but I enjoy bringing out these little tidbits from time to time.

If for no other reason then to see how they'll justify their double standard.