What is the name of this theory?

[Onyx]

Loosely: Those that have money will spend it

I read a Wikipedia article on that years ago and have often used it in arguments. I have unsuccessfully tried to find the name of that theory many times.

 

[EdwardBaiamonte]

have often used it in arguments.

why not use it in an argument now??

 

[Onyx]

why not use it in an argument now??

The rule is correct, but there are not many arguments I support where I can use it.

 

[EdwardBaiamonte]

why not use it in an argument now??

The rule is correct, but there are not many arguments I support where I can use it.

so why care about it and start a thread about it when you should be learning how capitalism and freedom work??

 

[Onyx]

so why care about it and start a thread about it

Because I thought about it earlier, and tried to look it up once again unsuccessfully.

when you should be learning how capitalism and freedom work??

Capitalism pertains to the free usage of capital in society, and freedom is the state of being liberated from external control.

Neither of those two things exist in America.

 

[EdwardBaiamonte]

Capitalism pertains to the free usage of capital in society,

more thoroughly and accurately, capitalism pertains to free, peaceful, and voluntary economic relationships and is supported by Republicans, not Democrats.

 

[EdwardBaiamonte]

freedom is the state of being liberated from external control.
.

freedom in this context is being liberated from central govt. Republicans support this, Democrats oppose. 1+1=2

 

[Onyx]

freedom in this context is being liberated from central govt. Republicans support this, Democrats oppose. 1+1=2

Freedom is being liberated from external control. Period.

It can be the federal government or anything else.

 

[Onyx]

more thoroughly and accurately, capitalism pertains to free, peaceful, and voluntary economic relationships and is supported by Republicans, not Democrats.

Nope, that is the definition of a free market. Neither political party fully supports a free market.

Capitalism, if you anaylze the origin of the word, pertains to the usage of capital in a society. Which like the free market, does not exist in America.

 

[EdwardBaiamonte]

freedom in this context is being liberated from central govt. Republicans support this, Democrats oppose. 1+1=2

Freedom is being liberated from external control. Period.

It can be the federal government or anything else.

dear, in this context it is about freedom from govt. 1+1=2. We don't care if you gained freedom from prison or your parents, or spouse through divorce. Do you understand?

 

[EdwardBaiamonte]

Nope, that is the definition of a free market..

capitalism is free markets. Ever heard of free market communism? 1+1=2

 

[Onyx]

dear, in this context it is about freedom from govt. 1+1=2. We don't care if you gained freedom from prison or your parents, or spouse through divorce. Do you understand?

Um, sure. Whatever.

While you may not care about freedom from all external control, I do.

 

[Onyx]

capitalism is free markets.

What is the basis for that definition?

Correct answer: There is none.

Ever heard of free market communism? 1+1=2

Actually I have.

 

[EdwardBaiamonte]

Capitalism, if you anaylze the origin of the word, pertains to the usage of capital in a society. .

exactly using capital in free peaceful voluntary economic relationships. Now do you understand?

 

[EdwardBaiamonte]

What is the basis for that definition?
Correct answer: There is none.

What was Friedman thing when he wrote "freedom and capitalism". He should have learned from you first?

 

[Onyx]

exactly using capital in free peaceful voluntary economic relationships.

Would be considered a capitalist free market.

Now do you understand?

Could you stop acting like you are educating me, when in reality you do not know what you are talking about?

 

[Onyx]

What was Friedman thing when he wrote "freedom and capitalism". He should have learned from you first?

This post is incomprehensible.

I agree with Milton Friedman in some regards, but I believe he is often incorrect.

 

[EdwardBaiamonte]

Um, sure. Whatever.

While you may not care about freedom from all external control, I do.

dear, you may care about but it is irrelevant here on a economic thread.

 

[EdwardBaiamonte]

Would be considered a capitalist free market.

and?????????????

 

[EdwardBaiamonte]

I agree with Milton Friedman in some regards, but I believe he is often incorrect.

if so why so afraid to present Friedmans biggest mistake