Economics
| Posted On: 01/24/08 11:32:10 AM |
Age 61, MO |
Free markets work only within established sovereign boundaries. In free market societies, it is the duty of government to maintain a fair playing field such that the market place is the main factor that dictates the balance of supply with demand. Remember that suppliers are also consumers. They must be afforded easy interaction with each other. When they are separated from each other by geographic and political boundaries, then they are incapable of maintaining a proper balance of supply and demand. Also, when management and ownership of companies is separated, as it is through the issue of stock, then it sets up situations that make it difficult for the market place to balance supply and demand. There is a place for government intervention in free market societies, but redistribution of wealth is not one of them. When the government spends money, it deprives the private sector of that same amount which could be better spent on building plant and buying equipment to produce future growth. However, when the government borrows money for war efforts, then growth is dead ended in consumption of goods and services that result in non production and destruction. When money is spent on war, there is very little value added to society. Government is not in business to make a profit, so its expenditures need to be kept at a minimum. George Cancilla
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Wealth transfer
| Posted On: 01/23/08 07:58:44 PM |
Age 60, MN |
This is one of the most illogical pieces on the economy I have ever seen. To equate Hilary's ideas with some 1800's guy is silly.
What we are seeing today is a massive transfer of wealth from the middle class to the wealthy using the government as the vehicle. (Read David Kays book Free Lunch). Thanks to numerous tax cuts, the wealth are now paying a smaller percentage of their incomes in taxes than we the middle class. These tax cuts, tax shelters for rich, and a war being fought with 100% borrowed money, have resulted in about doubling of the entire deficit in the last 7 year. The writter needs to be reminded that the first Clinton in the White House inherited a deficit and turned in into a surplus projected for many years into the future only to see it evaporate in less than a year.
If this has been good economic policy, God help us!
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