tag:blogger.com,1999:blog-8358039.post1792406637567162950..comments2024-03-25T15:17:04.488-07:00Comments on Captain Capitalism: Your Economic "No Freaking Duh" Moment of the DayCaptain Capitalismhttp://www.blogger.com/profile/05620212946121617985noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-8358039.post-8231821419053151282012-01-31T13:43:57.055-08:002012-01-31T13:43:57.055-08:00One man might have a chance of saving the US econo...One man might have a chance of saving the US economy, if he happened to be US President. Bambi, of course, has done the exact opposite; or rather, the precise things which an anti-American Third-world leftist would do to wreck the US.<br /><br />Some improvement would be easy. Americans are the most creative and energetic business people in the world, if left alone. The US came to dominate the auto industry, the aircraft industry, steel etc. in the face of intense competition e.g. from Germany, and without the benefits of postwar capital and human capital flight from Europe and Asia. Bambi could have done better if he had done nothing. But he <i>is</i> anti-American.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-3387377541010918872012-01-31T07:15:38.252-08:002012-01-31T07:15:38.252-08:00One man cannot build a moon rocket, but an evil, s...One man cannot build a moon rocket, but an evil, stupid, or careless man can easily sabotage a rocket that others have worked hard to build.<br /><br />With Bernanke threatening to destroy the dollar, Obama suing companies for trying to create jobs in states that didn't vote for him, and Congress passing laws to find out what's in them, the power of a few people to <em>prevent</em> recovery is beyond dispute.Davenoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-61673965611982475332012-01-30T22:10:45.779-08:002012-01-30T22:10:45.779-08:00The most broadly accepted economic theory among po...The most broadly accepted economic theory among politicians tells us to trade our shovels for spoons, ditch our machinery and computers, and break as many windows as we can. This will bring about full employment and massive prosperity.<br /><br />Hey, this is government we're talking about. What could possibly go wrong?Aaronhttp://legendarykotetu.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-73577595044367165492012-01-30T21:37:53.100-08:002012-01-30T21:37:53.100-08:00"Am I the only one that isn't a f#cking m..."Am I the only one that isn't a f#cking moron in the economics profession? For the Patron Saint's Name of Frick. "<br /><br />You probably areAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-8113391776773736552012-01-30T14:31:39.906-08:002012-01-30T14:31:39.906-08:00Hah. Hilarious. They don't even understand t...Hah. Hilarious. They don't even understand the stupid economists, much less the really smart ones. Krugman's latest argument is that per Keynsian theory, the cutbacks in state and local government are disastrous, and that Keynes would say that now is the time for state and local governments (with rapidly degrading credit ratings) to go deep into debt in order to obtain a multiplier effect on jobs & the economy generally. All the good little liberal parrots are squawking this today... without ever really considering that Keynes himself thought that pump priming was supposed to be sort of a one shot deal, not a constant way of life putting governments way, way underwater. They don't really consider either that the velocity of money going through government hands is much, much lower than the velocity of money in private hands. Doesn't occur to them that the private sector can do *anything* better than the government, much less most things. <br /><br />I would call these folks morons but they are more pernicious and more stubbornly entrenched in their wrong beliefs than mere morons. Thus they defy description.Anonymousnoreply@blogger.com