Comments | dedalusj: Economics, Whatever

dedalusj

Economics, Whatever

Sep 17, 2008 21:06

I do not have the credibility to be writing this but if Sarah Palin is qualified to be (vice-)President than I am a qualified economist. After all, I have used money my whole life, and in fact I have some right now and because I am looking at it right now I must understand it as well as she understands Russia. In fact, as an American with money ( Read more... )

crap

Comments 2

genhawk September 17 2008, 18:27:06 UTC

I'm with you 100%. The problem with American capitalism is that it isn't capitalistic enough.

Moral hazard strikes again, as if we learned nothing from the 80's...

dedalusj September 18 2008, 01:54:03 UTC

Oh, wait, you mean I was supposed to pay attention during the 80's? But I was listening to the Bangles.

Wanna take wagers on how long it will take, with all these banks failing, before the phrase "Keating Five" (http://en.wikipedia.org/wiki/Keating_Five)is mentioned?

It is the half-assed shit that pisses me off. Be capitalist or be something else, but don't be a capitalist and then change when it means losing money. It is clear to me the free market does not work for the simple reason that very few people, in either business or government, have the balls to risk everything. And maybe that is a good thing. But don't tell me the free market is the best system and then make sure that the market is not actually free.