I recommend Thomas Sowell's classic called Economic Facts and Fallacies

[Robert W]

Thomas Sowell is very knowledgeable and intelligent.
His book called Economic Facts and Fallacies is very well laid out. And the book is not opinion. For instance when you are willing to pull out of your Bank, sufficient funds to own a new car, several parties did well.
The automaker you chose the auto of has means to make more cars, hire workers and improve products.
The dealer did not make the car, but has the shop to repair it when needed. I have had dealers fix new cars for me so I did not lose my investment. The factory paid the costs. When people want socialism, those things are missing.
Prime gives me books for a fixed fee monthly. I have many many books. I think of books as others think of money on hand. Experts sell in books excellent knowledge for a reasonable price.
I hope Thomas Sowell's books are read by a majority of posters.

 

[pknopp]

Thomas Sowell is very knowledgeable and intelligent.
His book called Economic Facts and Fallacies is very well laid out. And the book is not opinion. For instance when you are willing to pull out of your Bank, sufficient funds to own a new car, several parties did well.
The automaker you chose the auto of has means to make more cars, hire workers and improve products.
The dealer did not make the car, but has the shop to repair it when needed. I have had dealers fix new cars for me so I did not lose my investment. The factory paid the costs. When people want socialism, those things are missing

Then when they are poorly run the taxpayers step in and save them. CAPITALISM!!!! Isn't it great?!?!?!?!?

This is the problem with examples gave like this. You only get a partial argument.

Now Sowell would likely argue against these bailouts BUT the fact is they happen. All the time. It's pretty much a waste of time to argue for a system that doesn't exist and will never exist.

Prime gives me books for a fixed fee monthly. I have many many books. I think of books as others think of money on hand. Experts sell in books excellent knowledge for a reasonable price.
I hope Thomas Sowell's books are read by a majority of posters.

Right along with books by Gene Roddenberry.

 

[Libby von H]

Thomas Sowell is very knowledgeable and intelligent.
His book called Economic Facts and Fallacies is very well laid out. And the book is not opinion. For instance when you are willing to pull out of your Bank, sufficient funds to own a new car, several parties did well.
The automaker you chose the auto of has means to make more cars, hire workers and improve products.
The dealer did not make the car, but has the shop to repair it when needed. I have had dealers fix new cars for me so I did not lose my investment. The factory paid the costs. When people want socialism, those things are missing.
Prime gives me books for a fixed fee monthly. I have many many books. I think of books as others think of money on hand. Experts sell in books excellent knowledge for a reasonable price.
I hope Thomas Sowell's books are read by a majority of posters.

Yes, THomas Sowell is a national treasure.
Your example reminds me of the wrong approach , the exact wrong approach, to taxes and wealth on here. Take a million dollars from a billionaire you accomplish nothing , give a million to poorer people and they will buy staples (shoes, food, gas, etc) But stop the Biden super-wasteful explosion of spending unconnected to revenue allotments but nonetheless driving up taxes --- and the economy will improve greatly

"Government produces nothing yet Biden takes a huge amount of your hard-earned money in taxes, it goes to Washington where they spend a load, and skim off a lot,then send a teeny bit back to the states and expect everyone to be grateful !!!'

 

[progressive hunter]

Then when they are poorly run the taxpayers step in and save them. CAPITALISM!!!! Isn't it great?!?!?!?!?

This is the problem with examples gave like this. You only get a partial argument.

Now Sowell would likely argue against these bailouts BUT the fact is they happen. All the time. It's pretty much a waste of time to argue for a system that doesn't exist and will never exist.




Right along with books by Gene Roddenberry.

why do you keep using capitalism when it doesnt apply??

what youve described is cronyism not capitalism,,

does your socialism not bail people out or worse control everything??

 

[pknopp]

why do you keep using capitalism when it doesnt apply??

I don't disagree. Capitalism doesn't actually exist anywhere.

what youve described is cronyism not capitalism,,

does your socialism not bail people out or worse control everything??

Mine? LOL

 

[progressive hunter]

I don't disagree. Capitalism doesn't actually exist anywhere.




Mine? LOL

whats your option to capitalism if not socialism??

yes capitalism does still exist,, its all those companies that go out of business that didnt get a bailout,, and the few that survive in spite of gov regs,,

 

[pknopp]

whats your option to capitalism if not socialism??

Who said I was looking for an option? I mean outside of Capitalism not actually being an option.

yes capitalism does still exist,, its all those companies that go out of business that didnt get a bailout,, and the few that survive in spite of gov regs,,

Just because some businesses still go out of business doesn't mean we are a Capitalist country. We are not.

 

[progressive hunter]

Who said I was looking for an option? I mean outside of Capitalism not actually being an option.





Just because some businesses still go out of business doesn't mean we are a Capitalist country. We are not.

no not just because,,
most companies like mine worked directly in a free market capitalist system,, and not in a governemnt controlled system,,

 

[pknopp]

no not just because,,
most companies like mine worked directly in a free market capitalist system,, and not in a governemnt controlled system,,

Government controls everything.

 

[progressive hunter]

Government controls everything.

no they dont,,,

they set limits,, and all you have to do is ignore those limits,,

 

[Robert W]

Then when they are poorly run the taxpayers step in and save them. CAPITALISM!!!! Isn't it great?!?!?!?!?

This is the problem with examples gave like this. You only get a partial argument.

Now Sowell would likely argue against these bailouts BUT the fact is they happen. All the time. It's pretty much a waste of time to argue for a system that doesn't exist and will never exist.




Right along with books by Gene Roddenberry.

Does this mean you have read books written by Thomas Sowell?

 

[Robert W]

no not just because,,
most companies like mine worked directly in a free market capitalist system,, and not in a governemnt controlled system,,

While we believe we are in control, why are lawyers hired due to Federal regulations by firms wanting to not violate Federal laws and regulations? I was a Broker and please know this. I was running my firms for a long time where I was forced to follow laws and regulations.
This means of course that my rulers did not cling to freedom much if at all. Freedom is not an unproven theory.

 

[progressive hunter]

While we believe we are in control, why are lawyers hired due to Federal regulations by firms wanting to not violate Federal laws and regulations? I was a Broker and please know this. I was running my firms for a long time where I was forced to follow laws and regulations.
This means of course that my rulers did not cling to freedom much if at all. Freedom is not an unproven theory.

until you can come up with something the government has controlled in my work over the last 30 yrs we have nothing to talk about,,

all they have done is restricted very few things that have effected my work/business,,

 

[Robert W]

Yes, THomas Sowell is a national treasure.
Your example reminds me of the wrong approach , the exact wrong approach, to taxes and wealth on here. Take a million dollars from a billionaire you accomplish nothing , give a million to poorer people and they will buy staples (shoes, food, gas, etc) But stop the Biden super-wasteful explosion of spending unconnected to revenue allotments but nonetheless driving up taxes --- and the economy will improve greatly

"Government produces nothing yet Biden takes a huge amount of your hard-earned money in taxes, it goes to Washington where they spend a load, and skim off a lot,then send a teeny bit back to the states and expect everyone to be grateful !!!'

That is well documented. Many want the assets of politicians well known so they came up with a system. We appear to trust that system. But that system of disclosure has not stopped politicians from being dishonest. We have a current president who has proven this is how he manages the affairs he has charge over and it also includes his close family in on the ruse.

 

[Robert W]

until you can come up with something the government has controlled in my work over the last 30 yrs we have nothing to talk about,,

all they have done is restricted very few things that have effected my work/business,,

I have nothing to offer on your business for several reasons. First I have not read what business you are in. I do not know if you follow laws or are a rogue. You need to fill us in for we to be able to explain it to you better.

 

[progressive hunter]

I have nothing to offer on your business for several reasons. First I have not read what business you are in. I do not know if you follow laws or are a rogue. You need to fill us in for we to be able to explain it to you better.

that would be construction, remodel and handiman,, primarily making windows for the last 14 yrs,,

other than the 2 yrs I tried to LLC I cant think of a single thing the government did that controlled what I did over the last 30 yrs I ran that business,,

did get shut down by covid but I do still make a few windows for 2 of my contractor customers

 

[MarathonMike]

Then when they are poorly run the taxpayers step in and save them. CAPITALISM!!!! Isn't it great?!?!?!?!?

This is the problem with examples gave like this. You only get a partial argument.

Now Sowell would likely argue against these bailouts BUT the fact is they happen. All the time. It's pretty much a waste of time to argue for a system that doesn't exist and will never exist.




Right along with books by Gene Roddenberry.

Leftists who mock Thomas Sowell think Paul Krugman is a genius. LOL That's what the Democrats do to your brain.

 

[Man With A Plan]

Thomas Sowell is very knowledgeable and intelligent.
His book called Economic Facts and Fallacies is very well laid out. And the book is not opinion. For instance when you are willing to pull out of your Bank, sufficient funds to own a new car, several parties did well.
The automaker you chose the auto of has means to make more cars, hire workers and improve products.
The dealer did not make the car, but has the shop to repair it when needed. I have had dealers fix new cars for me so I did not lose my investment. The factory paid the costs. When people want socialism, those things are missing.
Prime gives me books for a fixed fee monthly. I have many many books. I think of books as others think of money on hand. Experts sell in books excellent knowledge for a reasonable price.
I hope Thomas Sowell's books are read by a majority of posters.

I had the good fortune of taking an Econ class with Thomas Sowell at Amherst College. Excellent professor.

 

[pknopp]

Leftists who mock Thomas Sowell think Paul Krugman is a genius. LOL That's what the Democrats do to your brain.

Krugman is a partisan hack.

Try again?

 

[Robert W]

Krugman is a partisan hack.

Try again?

Let me try charming all posters.
I happened then to be loyal to Carter.
At first naturally when his depression hit, I defended him.
I then found predictions by around 25 top ranked economists what the future would be for Carters economy.
Believe me I kept it for some years. There were pretty close to 25 predictions among all of them. And these guys worked as economy experts.
Krugman should have stuck to his field and stayed clear of politics.