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A Non-Prediction

Andy440 Wrote: Sep 13, 2010 3:15 PM
Socialism has never worked; socialism does not work; socialism will never work....Anything hard to understand about that statement? Anything from the historical record to contradict it? Like Lemmings, the Socialists plod endlessly down the same losing trail, a pathway which leads to the same results; and, like Lemmings, they will never 'get it'. Why don't they 'get it'? Because the whole idea of personal, individual responsibility for one's own actions is REPUGNANT to Socialists. Rather than entertain the truly frightening idea to them that someday they are going to stand before a PERSONAL God who will judge them INDIVIDUALLY for their actions, Socialists would much rather PLAY 'god' by riding the backs of fools (and stoking their...

When people learn that you are an economist, they often want you to predict which way the economy is going. There seem to be more than the usual number of calls for such predictions lately. But an economist should be more aware than others are of how hazardous such predictions can be.

One reason is that what happens in the economy is affected by what politicians do in Washington-- and who can predict what politicians will do?

However, let me go out on a limb, and try to predict what politicians will not do.

What would probably get the economy recovering fastest and...

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