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Difficult Economics Lessons

John1477 Wrote: Jul 11, 2012 10:30 AM
Facts are good, and here are some that nobody wants to discuss. Every year there are new business startups (job creators), and business failures, and for years when you subtract one from the other, we've had a NET GAIN (fact - In 2008 (financial collapse), for the 1st time in 10 years, we had a NET LOSS of 117,000 businesses. Obama, applied for the job to fix this problem, and spent $millions to get the job, and got it. His policies, intended to fix the problem, actually destroyed an additional 245,000 businesses (fact -, so he failed, and blamed George Bush, and to listen to him, you would think he was forced to take the job. No, he applied for it, and failed, and continues to fail and fail, and fail, and
J. Galt Wrote: Jul 11, 2012 12:59 PM
Destroying capitalism and the free market is a major necessity to establish a Marxist totaltarian state. Our current form of government is a marxist dictatorship.
One of the more difficult lessons to teach economics neophytes -- and, many times, trained economists -- is that economic theory cannot say anything definitive about subjective statements, such as what's better, good, bad or worse. Let's try a few examples to make the point.

Cabernet sauvignon wine is better than fume blanc. Turkey is better than pork. Matter in the solid state is better than the plasma state. Each of those statements begs the question: Where's the proof? With subjective statements such as those, disagreements can go on forever. It's simply a matter of personal opinion. One person's...