PoliticalChic
Diamond Member
Who would you count on moreā¦.economists or weathermen?
1.Thatās pretty much itā¦..economics is a fallacy. Lots of pretense that it is a science, they even call it a āsocial scienceāā¦..but it aināt. There are soooo many jokes about economicsā¦..āeconomists have predicted eleven of the last five recessionsāā¦.that only economists take economics seriously.
2. The problem is that it is based on a mistaken idea that is most obvious in what is called Progressivism, that āexperts,ā also known as bureaucrats, can know everything, control everything, produce mandates and be assured of the outcome.
Whether they are Bolsheviks, Nazis, Socialists, or Liberals/Progressives, the premise is sure to produce, at best, mistakes, at worst, the slaughter of millions of human beings.
Who is best at producing the economic outcomes we all desire? Conservativesā¦.look at the golden age that Ronald Reagan produced. There is a little of that in Trumpā¦.compare his economy to the dolt who preceded him.
"It is a great irony of communism that those who did not believe in God believed that godlike knowledge could be concentrated at a central point. It was believed that government could be omnipotent and omniscient. And in order to justify the idea that all lives should be determined by a single plan, the concomitant tendency of communist regimes was to deify the leader- whether Lenin, Stalin, Mao, or Kim Il-sung."
Tom Bethell, "The Noblest Triumph," p. 144
3. Friedrich A. Hayek has posed an explanation based on what is necessary to ācontrolā an economy, to produce a successful outcome, and all of the āingredientsā in this recipe are beyond what the experts are capable of. That is the very opposite of Liberal/Progressive doctrine...that they can do anything. For that political view, there are impressionable groups, collectives that can be manipulated, and hence, their actions predictable. Thatās why Hillary won the electionā¦.
Hayek: āThe peculiar character of the problem of a rational economic order is determined precisely by the fact that the knowledge of the circumstances of which we must make use never exists in concentrated or integrated form but solely as the dispersed bits of incomplete and frequently contradictory knowledge which all the separate individuals possess. The economic problem of society is thus not merely a problem of how to allocate āgivenā resourcesāif āgivenā is taken to mean given to a single mind which deliberately solves the problem set by these ādata.ā It is rather a problem of how to secure the best use of resources known to any of the members of society, for ends whose relative importance only these individuals know. Or, to put it briefly, it is a problem of the utilization of knowledge which is not given to anyone in its totality.ā "The Use of Knowledge in Society" - Econlib
4. Those experts, bureaucrats, administrators, who Progressive/racist Democrat Woodrow Wilson imagined when he wrote āThe Administrative Stateāā¦.they donāt do it because they canāt do it, largely because the belief that Progressives/Liberals have about individuals is short-sighted and false: there is an immutable human nature, not controllable by āmasters,ā that revolves around lots of judgments, wishes, variations in character, and self-interest.
āThe Progressive Era (1890-1920) Early growth of the administrative state occurred as a result of government regulation in the late 19th century. Thus was born the Progressive Era, during which reformers sought to remedy a variety of perceived social ills through an administrative apparatus run by those deemed experts untainted, it was believed, by political ambitionsāand freed, in the view of some, from fixed constitutional constraints.ā
Administrative state - Ballotpedia
Now, if you are a government school grad, you probably believe that stuff about the Progressives as geniusesā¦.or even, as they called Obama, Jesus, god and the messiah.
Nope....
Just one more lie of the Left.
1.Thatās pretty much itā¦..economics is a fallacy. Lots of pretense that it is a science, they even call it a āsocial scienceāā¦..but it aināt. There are soooo many jokes about economicsā¦..āeconomists have predicted eleven of the last five recessionsāā¦.that only economists take economics seriously.
2. The problem is that it is based on a mistaken idea that is most obvious in what is called Progressivism, that āexperts,ā also known as bureaucrats, can know everything, control everything, produce mandates and be assured of the outcome.
Whether they are Bolsheviks, Nazis, Socialists, or Liberals/Progressives, the premise is sure to produce, at best, mistakes, at worst, the slaughter of millions of human beings.
Who is best at producing the economic outcomes we all desire? Conservativesā¦.look at the golden age that Ronald Reagan produced. There is a little of that in Trumpā¦.compare his economy to the dolt who preceded him.
"It is a great irony of communism that those who did not believe in God believed that godlike knowledge could be concentrated at a central point. It was believed that government could be omnipotent and omniscient. And in order to justify the idea that all lives should be determined by a single plan, the concomitant tendency of communist regimes was to deify the leader- whether Lenin, Stalin, Mao, or Kim Il-sung."
Tom Bethell, "The Noblest Triumph," p. 144
3. Friedrich A. Hayek has posed an explanation based on what is necessary to ācontrolā an economy, to produce a successful outcome, and all of the āingredientsā in this recipe are beyond what the experts are capable of. That is the very opposite of Liberal/Progressive doctrine...that they can do anything. For that political view, there are impressionable groups, collectives that can be manipulated, and hence, their actions predictable. Thatās why Hillary won the electionā¦.
Hayek: āThe peculiar character of the problem of a rational economic order is determined precisely by the fact that the knowledge of the circumstances of which we must make use never exists in concentrated or integrated form but solely as the dispersed bits of incomplete and frequently contradictory knowledge which all the separate individuals possess. The economic problem of society is thus not merely a problem of how to allocate āgivenā resourcesāif āgivenā is taken to mean given to a single mind which deliberately solves the problem set by these ādata.ā It is rather a problem of how to secure the best use of resources known to any of the members of society, for ends whose relative importance only these individuals know. Or, to put it briefly, it is a problem of the utilization of knowledge which is not given to anyone in its totality.ā "The Use of Knowledge in Society" - Econlib
4. Those experts, bureaucrats, administrators, who Progressive/racist Democrat Woodrow Wilson imagined when he wrote āThe Administrative Stateāā¦.they donāt do it because they canāt do it, largely because the belief that Progressives/Liberals have about individuals is short-sighted and false: there is an immutable human nature, not controllable by āmasters,ā that revolves around lots of judgments, wishes, variations in character, and self-interest.
āThe Progressive Era (1890-1920) Early growth of the administrative state occurred as a result of government regulation in the late 19th century. Thus was born the Progressive Era, during which reformers sought to remedy a variety of perceived social ills through an administrative apparatus run by those deemed experts untainted, it was believed, by political ambitionsāand freed, in the view of some, from fixed constitutional constraints.ā
Administrative state - Ballotpedia
Now, if you are a government school grad, you probably believe that stuff about the Progressives as geniusesā¦.or even, as they called Obama, Jesus, god and the messiah.
Nope....
Just one more lie of the Left.