Economics courses do not teach how the economy works.

actually to Friedman and our Founders liberals and communists were the same ie,statists so in effect illegal in America which is about freedom from govt. Do you understand now?

 

totally silly gibberish of course!!! millions were part of capitalist fascist socialist feudal and communist economies and knew nothing about economics whatsoever. Studying Smith and Friedman is the best way to learn economics. 1+1=2. Baff is merely trying to justify his own pure economic illiteracy.

 

of course that makes no sense if they cant cut govt to create a limited govt then they are not conservatives since that is the definition of what conservatives do.

 

what you are trying to say is that Greece was wrecked by people who once were conservatives but then became liberals and wrecked the country with liberal policies. Make sense now?

 

Good grief. Thomas died nearly fifty years ago when communism hadn't been completely discredited as an economic system. Aside from a few loopy college students and slimy dictators in backwaters like Venezuela, real socialism has been abandoned just about everywhere. Collectivizing production has never ended well. Never ever.

Liberals didn't give Soviets the bomb. Real socialists who believed in collectivizing production gave it away. Bernie Sanders for some absurd reason calls himself a socialist when he is really a redistributionist (Robyn Hood type) in a capitalist system. He never talks about nationalizing anything.

Friedman must be turning over in his grave when people invoke his name in the same breath as someone talking about "libcommies."

 

Pardon me, but I know more about Friedman than to buy that one.

 

Of course not. Conservatives are quite capable of messing things up. Republicans nearly brought the economy to ruin twice in my father's lifetime--the 1920s and the 2000s. They were not acting as liberals on either occasion.

 

If they weren’t acting is liberals you have to say why you feel they weren’t acting as liberals even when they were implementing liberal policies. Do you understand now?

 

Do you mean conservatives are capable of messing things up when they implement conservative or liberal policies? If you think conservative policies have messed things up why are you so afraid to give your best example.

 

If you know enough not to buy that one why are you so afraid to tell us your reason for not buying it.

 

What could be more naïve than to think you know more about Bernie’s philosophy than he does. If he calls himself a socialist it is because he is a socialist. He is actually much more intelligent than you are. He honeymooned in the USSR, he has supported many communists and communist causes in his lifetime. In the recent campaign he said it is silly to have 23 deodorant brands when children are going hungry. Do you think the deodorant industry in the healthcare industry are the only two industries he wants to control. Have you ever heard of a lib commie who would tell you how big he wanted government to be in the end? What does that teach you? Further if you want a book that lists all the liberals who spied for or defended Communis then read a book called useful idiots by Mona Sharon.

Milton Friedman use the term statist to refer to liberals communist socialist monarchists fascist dictator‘s etc. so why would you think he would object to the term lib commie when liberals and communist are the two most important statist groups In the world today? Do you notice how you have a pronounced tendency to make assertions but not think that you need to back up your assertions?

 

If communism isn’t died 50 years ago Bernie Sanders would not be a communist and he would not be running the Democratic Party in the Democratic Party would’ve put an upper limit and how big they want government to be. Did you notice that one Obama took over government was bigger than ever and yet all he wanted was bigger government still which he got And guess what now they have Sanders who wants an even further huge huge increase in the size of government. Are you able to comprehend this. If not please read a book called “’it’s never enough. Can you imagine what the book is about? Now do you understand why half the Democrats identify a socialist and why the Norman Thomas quote about liberals being socialist is 100% relevant relevant today?

 

Robin Hood? You have to be joking Bernie Sanders wants a permanent welfare class that will grow and grow until the communist have absolute power. This democratic philosophy has nothing to do with Robin Hood who stole money from people who stole it in the first We have seen the results. Democrats have turned our inner cities into Chi-Raq. He would rather have your children visit Afghanistan rather than the inner cities that the lib communists have created hereWith what you think of insanely has the spirit of Robin Hood

 

Coolidge and Hoover weren't implementing liberal policies, nor was George W. Bush.

 

Friedman advocated the negative income tax and a guaranteed annual income.

 

I don't care what Sanders calls himself, he isn't a socialist unless he supports collectivizing production.

Honestly, I don't think so. He's not smarter than a lot of people I know.

That's your evidence he's a bright fella?

The two don't conflate. Sanders is playing to the crowd. I'll give him credit for his clever demoguery.

He hasn't advocated collectivizing either "industry" (I put "industry" in quotes because making deoderants is hardly an industry.)

Medicare for all, his rallying cry, is a single-payer system with private providers. Public schools are collectivized production, not single-payer healthcare.

I don't know any "lib commie" types, nor do I know any "conservative fascists." It's all AM radio talk as far as I'm concerned.

You'd probably call Friendman a "libcommie."



As you might guess, I've long supported the negative income tax.

 

I don't think you can point to a single industry where Sanders wants to collectivize production--well, other than public education we've already collectivized.

Liberals tend to want a larger bureaucracy to tell business how to produce and individuals how to manage their lives. I don't see those as positives, but they aren't socialism.

Real socialism where production is collectivized is the true disaster because it destroys private production. It's very difficult for society to implement private enterprise after industry has been collectivized. Over-regulating and bureaucracy are easily slashed.

Sanders wants to increase the bureaucracy and the welfare state where government makes decisions for people. Milton Friedman wanted to sweep away the bureaucracy and implement a system where income is redistributed through the tax system. Modern day rightwingers simply want to starve the little guy out.

 

Baloney. Sanders would grow the bureaucracy to manage the goodies he provides through government, but he has no design on creating a permanent underclass even though I think some his policies might help create it.

Don't dwell on the metaphor. Sanders wants to redistribute income.

 

Studying people who have successfully applied economics is way better then studying people who haven't.
Choose your teachers wisely.

A great many people in life will claim wisdom. Not so many will be able to demonstrate it.

 

Utterly perfectly senseless since it is already redistributed. Free health care, housing, education , food, military, infrastructure. Bottom 40% pay no Federal tax and get about $75,000 in free stuff a year. Sander is a communist who wants what communists want: control. He said it is silly to have 23 deodorants when children are going hungry. That is the essential Marxist argument even though you don't know it. Do you think health care and deodorant are the only industries he wants to control?

 

why are you reading fortune cookies to us???

 

Bernanke applied economic wisdom when he prevented the housing crisis from becoming a depression.
Bill Gates invented a better mouse trap. It had nothing to do with economics. You get a degree in economics and a degree in business because they are very different subjects. Now do you grasp it?

 

insanity, we already have a permanent underclass. Ever heard of Chi-Raq? Sanders merely wants to double down on the policies that created it. Do you understand??

 

Bill Gates understood what people wanted and what they were willing to pay for it.
He famously got it very right indeed.
And there is clear and present evidence of this. He became the worlds richest man.


Bernanke is a politicians stooge who said whatever he thought would make his paymasters look good.
Spoke fluent econobabble and read the tea leaves sympathetically to his political masters.

Which is what they paid him for.



Having a degree in economics doesn't teach you how people will be willing to spend their money.
It teaches you the economic opinions of the academically successful, but not the opinions of economically successful.

I prefer my teachers qualified.

For the record, don't bother with a business degree either. Get a job with a successful business instead. Non degree's FTL.

Here is another fortune cookie for you.
Life is short. Don't waste your time.

 

he has always supported communists and communist causes. He honey mooned in USSR and said it is silly to have 23 deodorant companies. Do you think deodorant and health care are the only 2 industries he wants to control?
Why not read "Useful Idiots" for whole list of liberals who were really communists? Is it coincidence that Democrats spied for Stalin and gave him the bomb and that Sanders an open communist is also a Democrat? Did Hitler Stalin and Mao say what they really wanted in beginning?

Norman Thomas ( socialist presidential candidate)
The American people will never knowingly adopt Socialism. But under the name of 'liberalism' they will adopt every fragment of the Socialist program, until one day America will be a Socialist nation, without knowing how it happened.