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LA Times Demonstrates Liberals Cluelessness About Basic Economics

jdick Wrote: Dec 14, 2012 10:46 AM
In the late '70s, I was associated with the school lunch program. There was a big push to make the lunches more "nutritious", with more vegetables. Everywhere it was tried, it failed. Finally, they decided that pizza and burgers weren't so bad, especially since the kids actually ate them. Here we go again!
canine34 Wrote: Dec 14, 2012 12:51 PM
All of this concern about our collective "health" makes no sense. Our concern is medical care cost, right? Well dead people don't need medical care. If I eat five Big Macs every day and die when I'm 50 years old, I will ultimately be much less of a net cost to the medical care infrastructure than if I eat nothing but bean sprouts and live to be 110. We are all going to die of something. The mortality rate is holding steady at 100%.
Kjell Magne Wrote: Dec 14, 2012 11:45 AM
In the house where I grew up burgers and pizza was something served perhaps 1-2 days a month. We had fish for dinner at least 3 times a week, the year around. Salads and boiled potatoes were standard supplements.There were always fresh fruit available for "snack" between meals. Bread was whole wheat and home made. Lunch was something my mother packed every day. Two slices of homemade bread, cheese, one apple and milk/orange juice. And we ate everything she served without a winze. Why? Cause children are like dogs. When they get hungry enough, they will eat what they get. The end result from our diet was healthy bodies and a lifelong taste for home-made cooking and non-greasy dinners.

There are a few irrefutable laws of basic economics that are understood by practically everyone. When the price of a good rises, people will buy less of it. This is common knowledge to anyone who has bought anything ever. There is also the law of unintended consequences which states that actions, laws, and policies often have secondary effects that differ from the original actions intentions. We have seen this inevitably played out in most laws passed by Congress. Both of these ideas have been around for thousands of years and the father of economics, Adam Smith, articulated them himself...