Meet Your New IRS Commmissioner!
We understand he plans to start with Bernie's younger supporters because Negan has their addresses!
Posted on 04/06/2016 7:37:40 AM PDT by Sean_Anthony
There is no magical pot of gold at the end of the rainbow, nor another bubble that would bring in enough revenue to offset the very large budget and reduce the unpayable national debt
I have taught basic principles of economics for thirty years to group after group of college students who were often cross-eyed, bored, running late, playing with their phones, angry that I gave them too many notes, “hard tests,” and too many assignments which interfered with their busy social lives.
Many students were there just to get a grade and to complete their useless social studies degrees on the way to an advisor’s assurance of a six-figure salary job on day one, an offer that would never materialize on their limited horizons. They did not care that their parents went in debt to pay for this college miseducation they received or that hard-working taxpayers funded their federal grants for four years. Most of them had no clue how the economy ran nor did they care.
bfl
Meet Your New IRS Commmissioner!
We understand he plans to start with Bernie's younger supporters because Negan has their addresses!
However, I didn't really learn economics until I started reading Hazlitt and especially von Mises' Human Action. Most difficult book I ever read, and (second only to the Bible), the most worth-while. I recommend it.
I have a Bachelor and Masters degree in economics. I never heard of Misses until I joined the Conservative Book Club. Human Action may be the greatest economics text ever.
Those who promise the most, usually deliver the least:
“It is painfully obvious that today students and college graduates are just as woefully incompetent and uninformed. They are voting in droves for the Marxist/communist of their choice, falling for empty promises of free education in their communist utopia of free birth control pills and free legalized drugs.
None of them paid attention in Economics classes that in communism abortion is not a choice, birth control pills are not available or expensive, and drug use is punishable with hard time in jail. Education is free technically but there is no room to educate everybody in the halls of higher learning, so only a select few are chosen, usually the elite’s children are picked first, regardless of grades. If there are places left, then those with the highest scores are admitted.
Too free-market I suppose.
I think you are right.
It has been claimed that they have not been ignored. Marginal analysis comes from one of the Austrian economists. But they have not been given the exposure they deserve. Hayek received recognition, but is not often presented. Misses may be the best of them all, but he could barely hold down a job!
It is very frustrating. Statistics is also a major failing. You could take all the money of the top 10% and it still would hardly put a dent into the national debt. Hence, there is no money tree or mass of untaxed wealth to save us from Ponzi schemes set up decades before. The entire political class and much of the public is wedded to Keynsian styled interventionism. At best George Walker Bush would be regarded as such by Mises. The belief is that free markets don’t work well enough and “priming the pump” can bring better outcomes. Hence we have huge national debts worldwide with very minimal economic growth as a result.
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