Folk economics (a) and depends which figures you choose to use (b). a. assumes that wealth is finite and that everyone is entitled to a portion of that finite wealth. http://forums.silverstackers.com/topic-74041-the-dangers-of-folk-economists.html Wealth is in fact not finite, but increases with advances in productivity and measuring the increase in wealth as a % of GDP assumes that everyone's wealth should be increasing proportionally. b. other data paints a different picture http://forums.silverstackers.com/message-908892.html#p908892
Re: http://forums.silverstackers.com/message-914029.html#p914029 The fallacy of your position is that small business has the National Interest at heart. The so-called National Interest is just the best interest of the majority at the expense of the best interest of the minority. The free market on the other hand has the best interests of the individual at heart. Therefore your position that favours small business at the expense of big business is flawed.
What a crock, I have never heard anything so stupid - "The free market on the other hand has the best interests of the individual at heart." The free market is manipulated by people, the free market is not a living breathing thing it is made by man and manipulated by people.
People are real vs created legal fictions are corporations. The goals of standards of living vs the goals of manipulating best outcomes for corporations are as different as - freerange vs cage fed. Yes Newtosilver, its pretty sad when individuals are being fed the corporate line from media, think they have risen above sheeple status, yet choose to defend the 'cage fed' society over community - and actually think they are speaking on freedom!
Not difficult at all, I have heard and seen a lot of stupid shit and your comment about the free market having the interest of the individual at heart is the stupidest thing I have ever heard. Markets will always be mainipulated even the free market, you can not honestly believe the free market has the best interest of the individual at heart? It is like saying rocks have the best interest of people at heart or a computer program has the best interests of individual at heart - same type of stupid.
Yet if you look at when you bring out the teflon statement in various threads, it is at your failed logic everytime. I can arranged the best free market price for turning your neighbours place into a toxic waste dump, since the free market has the best interests of the individual at heart.
Haha, yes mate, whatever you reckon. You'll make a fine political party candidate, just adopt a position and run when you can't defend it. :lol:
What he is saying makes a hell of a lot more sense than your comments. Free market has the best interest of the individual at heart....... yeah right
You say that a lot. If it's manipulated then it is not a free market, it's really quite simple. In the free market the business owner is concerned with making a profit, he can only make a profit by meeting the needs of the individual at a price that the individual finds acceptable. In a free market prices are set at the margin, whilst in a manipulated market they are either inflated because of malinvestment caused by government interference or monopolisation caused by government interference, or they are set below cost caused by government interference - all in all the manipulated market causes a deadweight loss which benefits either the consumer (at the expense of the taxpayer), or the producer (at the expense of the taxpayer). A deadweight loss exists when prices do not accurately signal the cost of production. Yes, your analogies are stupid.
"Yes, your analogies are stupid." You are 100% correct, I would say nearly as stupid as saying the free market has the best interests of the individual at heart.
@ Julie, Nirvana Fallacy? Edited to add "?" Edit to add again: or is it you have just failed to make a point?
http://forums.silverstackers.com/topic-73764-the-economic-benefit-of-foreign-workers-page-1.html Who is doing the running, who is doing the hiding? Once again you runaway from your own logic. Shall I embarrass you with your own quotes on libertarianism on property rights? (Quick go edit) Can you tell us how the free market has best interest of the individual at heart? No? So its out with I am creating diversions and wearing teflon. Me thinkum mmmshiney speak with fork tongue.
You missed this: http://forums.silverstackers.com/message-914064.html#p914064 Be my guest. Oh dear, you missed another: http://forums.silverstackers.com/message-914117.html#p914117 (half way down if you are having trouble) :lol:
In a market the main point is to make money, you do not have to look far to find examples of people being ripped off. You can go on about the market and how it ia supposed to work in theory but the thing is real life is very different to theory. The reason regulations are put in place is because people are continually screwed and measures are put in place to try and stop that happening.
'Folk economics is the intuitive economics of untrained people.' https://en.wikipedia.org/wiki/Folk_economics I was an economics teacher. You might prefer it if I let your wide deliveries go through to the keeper. The high priesthood of corporate economics is a complicated mess of self-interest masquerading as authoritative 'science'. Economics is abused by power holders today. In some ways economics has replaced religion as a political choice of weapon. Folk (or insert any opposing system here) economics, yeah they are the infidels because it is of the unclean. The mere fact we are fixated on measures like GDP speaks volumes on whom our leaders serve. Robert Costanza, Mareen Hart, Stephane Posner and John Talberth are authors of a study for the Frederick S. Pardee Center at Boston University. They issued a report arguing for new measures beyond GDP to indicate a country's progress. The GDP was never designed to measure national well-being. They contend "useful measures of progress and well-being must be measures of the degree to which society's goals (human needs of food, shelter, freedom, participation, trust) are met, rather than measures of the volume of market economic activity, which is only one means to that end." from 'Why the GDP Is Not An Good Measure of A Nation's Well Being' And mmm's answer to promoting the interests of people against corporatism we have - 'America's Misguided Fight Against Income Inequality' :lol: How'd that bank bailout work again? Yes continue.
