#5 So the middle class should be pushing for more and bigger government? Maybe he was juiced when he came up with that one.
1) Free movement of labor is a great thing and will have no downside.
2) Being one of the few truly free trading nations has only helped us vis-a-vis closed markets like China and Japan.
3) The best policy regarding monopolies is to do nothing because they will eventually do themselves in. Maybe not in our lifetime, but eventually.
4) Corporations are just like people and don't behave like psycopaths.
5) It's best not to interfere with business's purchasing activities even if what they are purchasing is politicians and favorable legislation.
6) Tariffs are always bad.
7) Ayn Rand was a genius and Objectivism isn't a laughable excuse for a philosophy.
Isn’t that they guy that put us into the Great Recession in 2008?
This is great! Thank you for posting.
The robber barons got that name in large part for their readiness to steal and to cheat the public. Rockefeller, for example, was notorious for bribing judges, legislators, and other public officials to get preferential treatment for his companies. In a pinch, he would even have thugs wreck or blow up the oil rigs, refineries, and pipelines of his competitors.
Thanks for another great post. And FReepers in their comments are wise enough to point out some weak points of this king of economic theory.
Love the discussion here.