Comments on: A Liberal Lecture on Economics(and Why It Won’t Work)

By: Hot Air » Blog Archive » A Liberal Lecture on Economics (and Why It Won’t Work)

Sun, 12 Jul 2009 18:00:06 +0000

[...] This post was promoted from GreenRoom to HotAir.com.To see the comments on the original post, look here. [...]

By: Americannodash

Americannodash — Sun, 12 Jul 2009 16:57:54 +0000

This post has been promoted to HotAir.com.

Comments have been closed on this post but the discussion continues here.

Ed Morrissey on July 12, 2009 at 10:44 AM

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Not seeing this posted yet or promoted to HotAir.com.
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I did get the following message ___Error 404 – Not Found

By: cs89

cs89 — Sun, 12 Jul 2009 16:33:51 +0000

But the government is now controlled by liberals who want us to believe that corporate profits are evil, and so the prospects for investment are bleak. “Investment” is just another word for “capital,” and you can’t make capitalism work without capital.

Money quote, pardon the pun. Liberals don’t like corporate profits, enact policies that penalize profitable acts, then seem to be surprised at the economic effects this causes.

You’d think the former Senator from Illinois would be familiar with the thinking of prominent Chicago economists, but apparently not.

By: Ed Morrissey

Ed Morrissey — Sun, 12 Jul 2009 15:44:41 +0000

This post has been promoted to HotAir.com.

Comments have been closed on this post but the discussion continues here.

By: Dritanian

Dritanian — Sun, 12 Jul 2009 05:09:02 +0000

Damn sweet (though scary when one gets down to it) article.

By: Americannodash

Americannodash — Sun, 12 Jul 2009 05:01:34 +0000

Mr. R.S. McCain, I knew I liked you for some reason. John Maynard Keynes was labeled by some as a realist and marxista radical in his day but there are others who held the notion that Keynes was only a liberal. FDR bought into the Keynesion model and America suffered because of it. So here we are again facing the Keynsian posers, wannabees or a modern version of it anyway. The Dean Baker’s & Paul Krugman’s types are those who mislead or lie to flagrantly market their ill conceived plans for the U.S. economy. They are handicapped by their own exercises of trying to sell “it” to the American public. The “it” is a fallible “government hand guiding” with demand side macro-economics versus the proven “invisible hand of free market” supply side macro-economics. History favors supply side economics time and again but until we have a “see change” by reformation of this congress I do not anticipate this will be coming about anytime soon. The problem I see is that you can lead a Keynsian economist to a recession and all they can say is increase spending, raise more taxes and expand the government. You lead a supply side economist to a recession and they’re first response is to cut spending, reduce/lower tax rates and decrease the size of government.
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The great minds and/or economist for me anyway are Adam Smith, Ludwig von Mises, Murray Rothbard, F.A. Hayek and Milton Friedman. My favorite is Milton Friedman noted free-market economist who co-authored a nonfiction book with his wife, Rose Friedman entitled Free to “Choose.” I have the paperback version on my small library.
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This was a great post of yours again Robert. Have the members of congress give this post of yours the once over for me will you? As the well known saying goes “ignorance can be cured, but stupidity is forever.” Mr. R.S. McCain please cure the minds of congress for us all.
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