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To: n-tres-ted
Democrat economic policy is hopeless, almost, on both the fiscal and monetary side of the equation. That is why lost opportunities with a good Republican president are so distressing. Even thinking of it as fiscal and monetary problems is hopeless. Tinkering with any part of the economy with the goal of effecting changes in direction or holding a line is always self defeating because it misdirects and wastes resources. The government cannot successfully control anything economic except the flow of power to the government which necessarily reduces economic efficiency and increases classic corruption.
176 posted on 11/30/2006 2:33:20 PM PST by arthurus (Better to fight them over THERE than over HERE)
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To: arthurus
Even thinking of it as fiscal and monetary problems is hopeless. Tinkering with any part of the economy with the goal of effecting changes in direction or holding a line is always self defeating because it misdirects and wastes resources. The government cannot successfully control anything economic except the flow of power to the government which necessarily reduces economic efficiency and increases classic corruption.

It is necessary IMO to be analytical about what the government (hear meaning the Fed, which is private but empowered by government) is doing. At best, the eyes of most people glaze over within two minutes after most economists begin speaking, at least if they are demand-side theorists as those at the Fed are. Presently, the Fed is attempting to control all aspects, sector by sector, of the economy, but is doing a very bad job of it. It is as if we have turned the economy over to academic intellectuals, because they have convinced everyone the subject is too technical for anyone else to understand, and we are all doomed unless we allow them to do as they wish. That should be stopped, and the Fed should be required to do only one thing: provide currency with stable value.

183 posted on 11/30/2006 5:00:26 PM PST by n-tres-ted (Remember November!)
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