tag:blogger.com,1999:blog-8358039.post6680610233979986989..comments2024-03-15T13:43:53.439-07:00Comments on Captain Capitalism: An Exercise in Liberal American Economic ThoughtCaptain Capitalismhttp://www.blogger.com/profile/05620212946121617985noreply@blogger.comBlogger15125tag:blogger.com,1999:blog-8358039.post-78471575255865124372012-10-31T15:00:13.225-07:002012-10-31T15:00:13.225-07:00What tweell said. If one thinks being the mafia d...What tweell said. If one thinks being the mafia don of the world with a global protection racket is unsustainable, well... I hope not cause otherwise we're screwed. ryannoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-50924016249972957412012-10-11T05:38:52.188-07:002012-10-11T05:38:52.188-07:00What I love about the lefties is that they think t...What I love about the lefties is that they think they "deserve" something for who they are instead of what they do. This is basically a child's attitude, I deserve something from my parents because I'm their child. <br /><br />I take a bit of objection to the national debt thing, because half of it is just accounting magic: 3T is owed to the Fed, and somewhere around 5T is the Social Security Trust Fund. So that's both an asset and a liability, cancels each other out. So it's actually not that much. If a wife borrows from the husband, the whole households net debt doesn't change. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-17808557720202141472012-10-09T23:28:07.277-07:002012-10-09T23:28:07.277-07:00" This is what the libs miss: redistributing ..." This is what the libs miss: redistributing money around, does not add value, and does not produce wealth."<br /> - - - - <br /><br />Well, of course it does, if you use the proper equations.<br /><br />LET (satisfaction gain) = "S"<br /><br />LET (S) by receiving redistributed money) = +1 /dollar gained<br /><br />Let (S) by donating redistributed money) = -1 /dollar lost<br /><br />Let (value to society of opinion) = "O{v}".<br /><br />LET O{v} of pro-redistributionist = 1<br /><br />Let O{v} of anti-redistributionist = 0<br /><br />Social utility of each dollar of redistribution = SUM of all (S*O{v}).<br /><br />(1 * 1) + (-1 * 0) = 1<br /><br />Thus, each dollar stolen and handed on has 100% social utility!bobbyhttps://www.blogger.com/profile/05541153566289316156noreply@blogger.comtag:blogger.com,1999:blog-8358039.post-70531872093892033272012-10-09T07:43:24.411-07:002012-10-09T07:43:24.411-07:00The core issues that the libs miss, is that if I w...The core issues that the libs miss, is that if I work, and produce a new "widget", there is now one more widget in the world. As a result of my work, the economy has in fact expanded - there is more "stuff". If we add a government employee to the economy whose job is to take something from one person, and give it to another, his (or her) job does not expand the economy. No wealth is produced, it is only transferred. Therefore, we can say that their job has no "value". This is what the libs miss: redistributing money around, does not add value, and does not produce wealth.Dan Hhttp://hewetts.net/dannoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-69425547711534984612012-10-09T07:26:09.317-07:002012-10-09T07:26:09.317-07:00Great posts like this are why I come to this site....Great posts like this are why I come to this site.<br /><br />Scott<br />BA - Economics<br />BS - EngineeringScotBnoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-20413947315806015402012-10-08T23:54:47.309-07:002012-10-08T23:54:47.309-07:00Captain,
Two points :
1) You know what an oxymor...Captain,<br /><br />Two points :<br /><br />1) You know what an oxymoron is? "An Exercise in Liberal American Economic Thought" is a shining example of the genre. Arguing about Liberal Economic Thought quickly devolves into something similar to the Medieval religious philosophers arguing about how many Angels can dance on the head of a pin - and about as productive. Pointing out the thought processes produces an insightful article which you've done ..<br /><br />2) A bit light on the Unicorns in the pie chart IMHO ... <br /><br />Phil BAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-37423763567868139822012-10-08T21:50:33.682-07:002012-10-08T21:50:33.682-07:00The US does have two killer apps, fraud and murder...The US does have two killer apps, fraud and murder. The USA is the crown king of fraud, sure pillaging a few trillion a year in scams is tough, but the crony capitalists are putting forth their A game. Also no nations raw killing power matches the USA, i strongly doubt that the US will go down as gently as the USSR when they can try to engage in a little nuclear blackmail. These are lunatics, and killing a few billion to keep the ball in play is a possibility. The USA has nothing really worthwile to offer the world, but we are the worlds biggest parasite. Land of the free, home of the brave.Shamefulnoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-12195407648916279472012-10-08T21:48:45.315-07:002012-10-08T21:48:45.315-07:00How timely. This past week I got into a heated di...How timely. This past week I got into a heated discussion with some friends. I essentially posited: "Nobody owes you anything just because you are breathing." How wrong I was! This is what I learned from the ensuing argument:<br /><br />*Rich people hoard money by making investments and don't give any away, or something.<br /><br />*Tea Partiers are racists (and by extension, me) because nobody <b><i>ever</i></b> protested a president or his economic policies until a non-white man was elected to the office.<br /><br />*Forced purchase of health insurance solves all problems (it's just like car insurance!) and I am a meanie who wants people to die in the street because I disagree (almost verbatim accusation, yelled at me)<br /><br />*All human activity is the result of class struggle. Seriously, one guy said that - someone educated enough to know better. When I pointed out that this was textbook Marxism, he got red-faced angry and doubled down.<br /><br />*A master's degree automatically entitles one to more money and a life free of struggle to provide for oneself.<br /><br />Ya' know, I thought through these things over 20 years ago and figured out the truth. These people are in their 40's. Enjoy the decline, indeed.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-89853458904564791982012-10-08T21:06:33.391-07:002012-10-08T21:06:33.391-07:00Adam,
It was to save time. I don't have 2,00...Adam,<br /><br />It was to save time. I don't have 2,000 years in life expectancy or the resources to find one.<br /><br />If you know of one, by all means, post the links here.Captain Capitalismhttps://www.blogger.com/profile/05620212946121617985noreply@blogger.comtag:blogger.com,1999:blog-8358039.post-74319641427817964182012-10-08T20:31:00.428-07:002012-10-08T20:31:00.428-07:00I noticed that you didn't link to any intellec...I noticed that you didn't link to any intellectually honest liberals as one would expect. Was that oversight, a lack of time to do the research or simply ironic?adamnoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-52151564469402241552012-10-08T17:56:34.914-07:002012-10-08T17:56:34.914-07:00One nit to pick,
Don't call them "libera...One nit to pick,<br /><br />Don't call them "liberals." In much of the world, "liberal" means what we consider "libertarian" -- aka sensible economics.<br /><br />"Leftists" or "collectivists" is more accurate. <br /><br />And that is my leadership work for the day...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-35343806117409675462012-10-08T17:33:04.184-07:002012-10-08T17:33:04.184-07:00Captain:
Damn good article! Well done sir...Captain:<br /><br />Damn good article! Well done sir...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-67578862321826307032012-10-08T17:32:18.359-07:002012-10-08T17:32:18.359-07:00Captain:
Damn good article! Well done sir....Captain:<br /><br />Damn good article! Well done sir....Felid Daddyhttps://www.blogger.com/profile/06488618053132199729noreply@blogger.comtag:blogger.com,1999:blog-8358039.post-73031336676777178982012-10-08T17:04:14.314-07:002012-10-08T17:04:14.314-07:00Then once the economy crashes and the dollar colla...Then once the economy crashes and the dollar collapses, then we'll go to war in some country like in the Middle East that we have no business in meddling in to "stimulate" the economy back up again and end up in even more debt, while having a fake economic boom. People like this never learn from history and try to justify this lunacy.<br /><br />Speaking of the manosphere, there's a new book coming out tomorrow called <i>Cheat: A Man's Guide to Infidelity</i> written by stand-up comedians Bill Burr, Joe DeRosa, and Robert Kelly that's coming out tomorrow that I'm probably am going to buy via Kindle this week. You should check it out. The informercial and interview on YouTube are highly entertaining.Anonymoushttps://www.blogger.com/profile/05166618601866526009noreply@blogger.comtag:blogger.com,1999:blog-8358039.post-45091092766818962672012-10-08T16:43:29.303-07:002012-10-08T16:43:29.303-07:00As the holders of Pax Americana, we get to export ...As the holders of Pax Americana, we get to export our only product unmatched by other nations - our military. tweellhttps://www.blogger.com/profile/08164718561825615886noreply@blogger.com