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  #81 (permalink)  
Old 09-30-2008, 10:30 AM
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Originally Posted by Twig View Post
How far out in the Kuiper Belt do you people reside. Markets didn’t resolve the great depression, government spending did.
Government spending extended the depression.
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A panda walks into a cafe. He orders a sandwich, eats it, then draws a gun and fires two shots in the air.

"Why?" asks the confused waiter, as the panda makes toward the exit. The panda produces a badly punctuated wildlife manual and tosses it over his shoulder.

"I'm a panda," he says at the door. "Look it up."

The waiter turns to the relevant entry and, sure enough, finds an explanation.

"Panda. Large black-and-white bear-like mammal, native to China. Eats, shoots and leaves."

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  #82 (permalink)  
Old 09-30-2008, 10:58 AM
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Originally Posted by Twig View Post
How far out in the Kuiper Belt do you people reside. Markets didn’t resolve the great depression, government spending did.
I did not state that, please make your statements factual. However you implied that it 'caused' the depression. You apparently give the fed's drastic contraction of the money supply a pass.

Government spending deflates the currancy and inflates commodities.
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The law perverted! And the police powers of the state perverted along with it! The law, I say, not only turned from its proper purpose but made to follow an entirely contrary purpose! The law become the weapon of every kind of greed! Instead of checking crime, the law itself guilty of the evils it is supposed to punish! - Frederick Bastiat
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  #83 (permalink)  
Old 09-30-2008, 11:06 AM
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Originally Posted by mwillman View Post
You know just because you are unwilling to see the connection between a political party that talks about removing the department of education and an empty philosophy doesn't mean there isn't one.
Can you show me in the constitution where authority to regulate education is granted?

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I don't buy the local only argument, It didn't work in the 19th century and it wont work now.
My 'local' taxes pays 93% of the budget for my school district. Are you suggesting that if the DoE was removed that our educational system would fall apart?

Thanks to your line of thinking we have 'no child left behind' which actually means that 'no child gets ahead.'
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The law perverted! And the police powers of the state perverted along with it! The law, I say, not only turned from its proper purpose but made to follow an entirely contrary purpose! The law become the weapon of every kind of greed! Instead of checking crime, the law itself guilty of the evils it is supposed to punish! - Frederick Bastiat
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  #84 (permalink)  
Old 09-30-2008, 01:07 PM
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Originally Posted by RSDavis
The only one that didn't bankrupt was also the only one that did it on his own, buying land, developing towns to support the railroad, helping those towns grow, etc.
Do you really want to traverse down that path of defending worker colonies? Employees for these type of successful companies were working longer hours than the average slave in the South.

American railroads were built from the hard work of the working class, not the industrials. They profiteered off of delegated responcibility. I also would like to see these names that didn't get "any" help from the government. That's pure nuttery.

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Even according to the study I posted, Denmark and Sweden score VERY high on the happiness scale. They have robust welfare states, but also non-interventionist foreign policy and extremely free trade, which helps to balance it.
Not even Marx opposed free trade; your point? The CATO Institute is very selective with what countries they decide are "liberal" enough to quantify defense of free markets. I wouldn't be surprised if there's an article on there championing Norway's success as being a result of free markets. I do know that Hong Kong is the praise child of Friedman, despite invoking Henry George by not allowing private land ownership. Many economists (including Friedman) actually believe this non-Libertarian tax - the land value tax - can increase productivity for slashing at land speculation.


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Last edited by GeneCosta : 09-30-2008 at 01:12 PM.
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  #85 (permalink)  
Old 09-30-2008, 01:13 PM
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Originally Posted by GeneCosta View Post
Do you really want to traverse down that path of defending worker colonies? Employees for these type of successful companies were working longer hours than the average slave in the South.

American railroads were built from the hard work of the working class, not the industrials. They profiteered off of delegated responcibility.
One man - the one NOT lobbying for government giveaways, did it quite well, and treated his workers well:

Under his direction, the workers began laying rails twice as quickly as the NP crews had, and even at that speed he built what everyone at the time considered to be the highest-quality line. Hill micromanaged every aspect of the work, even going so far as to spell workers so they could take much-needed coffee breaks...

The Truth About the - Thomas J. DiLorenzo - Mises Institute


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Not even Marx opposed free trade; your point?
I thought it was obvious. My point is that "They have robust welfare states, but also non-interventionist foreign policy and extremely free trade, which helps to balance it."

- R
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  #86 (permalink)  
Old 09-30-2008, 01:15 PM
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Originally Posted by Finny View Post
Capitalism has not failed.. it was Keynesian Economics that failed.
Here we go again invoking Econ 101 without any understanding of the implications involved in Keynes' theory. "Keynesianism" is spending whenever you want to create a better scenario. The man Keynes talked this down.

Perhaps Nixonianism is a better term, due to Dick's infamous statement about us all being Keynesians.

Capitalism fails every time the crises of capital hits. When M-C-M is disrupted, boom.
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Last edited by GeneCosta : 09-30-2008 at 01:19 PM.
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  #87 (permalink)  
Old 09-30-2008, 01:21 PM
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Originally Posted by RSDavis View Post
I never said it was. In fact, I said quite the opposite.
I was not disputing your statement only making my own commentary. The Scandanavian countries are operating under a different philosophy and a different distribution of genetic information.
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  #88 (permalink)  
Old 09-30-2008, 01:28 PM
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Originally Posted by RSDavis View Post
One man - the one NOT lobbying for government giveaways, did it quite well, and treated his workers well:

Under his direction, the workers began laying rails twice as quickly as the NP crews had, and even at that speed he built what everyone at the time considered to be the highest-quality line. Hill micromanaged every aspect of the work, even going so far as to spell workers so they could take much-needed coffee breaks...

The Truth About the - Thomas J. DiLorenzo - Mises Institute




I thought it was obvious. My point is that "They have robust welfare states, but also non-interventionist foreign policy and extremely free trade, which helps to balance it."

- R
Thank for you illustrating how market competition does not settle when better conditions are provided by one firm. For every worker who enjoyed a (relatively) acceptable condition, thirty were scraping pennies from gravel. Labor is not a normal commodity on the market. Like land, it's restricted far beyond natural resources. Liberals (libertarians) can't figure this out, even though it's been constantly pointed out by people like Benjamin Tucker, Lysander Spooner, and even (in some ways) the Friedman clan (Austrian schooler tend to deflect any criticism of the market god, whereas Chicago schoolers are at least reasonable on minor matters - even though I find them both perverse).

I was actually made aware of this article recently. I've been browsing the Austrian website and laughing at the comments made on the message board about "first come" being justification for practically aynthing.


What's even more interesting is that Hill supported many tenants of the Progressive Movement, including labor regulation. Wikimedia Error
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  #89 (permalink)  
Old 09-30-2008, 01:30 PM
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I was not disputing your statement only making my own commentary. The Scandanavian countries are operating under a different philosophy and a different distribution of genetic information.
Oh. My bad. Carry on, then!
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  #90 (permalink)  
Old 09-30-2008, 01:31 PM
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[font="Arial"]Thank for you illustrating how market competition does not settle when better conditions are provided by one firm. For every worker who enjoyed a (relatively) acceptable condition, thirty were scraping pennies from gravel.
Yeah, it's perverse what government intervention can do to labor competition.
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