Posted on 12/30/2016 2:29:06 AM PST by expat_panama
Also many economists were wanting to continue World War II economic controls into the post war period much as the rationing did in Britain into the 1950s. They believed that the people were used to being controlled so then was the best time to make those controls permanent. One of the best things Truman did was to let the economy go.
OK, name one.
Italy is trying a €20 billion experiment with its banks to see if anyone cares about 'moral hazard
And I'm a couple of years older than PE Trump and still play rec B'ball two or three times a week and FReep more than I should! And Larry's job would be Freeping in an officially recognized capacity, with a paycheck!
70 seems to be the new 55.
FWIW, IMHO Trumps team is more "diverse" than our detractors would ever give us credit for. Having someone that is walking example of "amazing grace" in a roll would be a shinning example of how too have, resilience, overcoming, and the grace of G-d would add too the "diversity" (and yes I get the issues with that subject matter of the big D if you will).
Add him too the team asap, we haven't had an optimist like this since Jack Kemp, we need one bad.....
As Jim Quinn has said, WWII did not end the depression. WWII ended the New Deal, and THAT is what ended the depression.
“Taking all the “inefficiencies” out of the market”
Inefficient businesses strangle themselves, or should but the “to big to fail” crowd props up the blue chips and those companies continue to lumber along inefficient as they always were. They need to allowed to die. The vacuum will be filled by competition and the assets will be bought up. The workers should be the only part of the failure that should be propped up.
>>The workers should be the only part of the failure that should be propped up.
That is the “old economics” way of looking at things. Those propped up workers become the welfare class that votes Democrat. Your desire to create the perfect business efficiency creates a nation that is soulless and without ambition.
The problem with economics theory is that it only looks at economics. It is the worst “science” there is, even surpassing sociology. You obviously don’t want grossly inefficient industry or subsidized buggy whip manufacturing, but you would outsource everything to save on labor and then pay that displaced labor with tax dollars.
That is using the national treasury to subsidize your business and is very....Progressive.
“That is the “old economics” way of looking at things. Those propped up workers become the welfare class that votes Democrat”
My desire is to end corporate bailouts. They are unnecessary as the vacuum left will be filled and tangible assets will shift hands through sell offs and acquisition. The employees may or may not transition. If not there is comp time etc.. to help with retraining or repositioning.
Ideally the transitioning work force would be part of some process.
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