“The market will determine winners and losers by the collection of individual choices of consumers and producers.”
Many people don’t know that or even understand it.
The economy is an extremely complex machine , much too complex ,for any central government idiot planner to know how to run.
But idiot voters keep having faith that these evil,corrupt, incompetent, scheming, moronic, ignorant, unaccountable, politicians and a few burocrats will have their best interests in mind and actually be able to run the economy.
It is the sum of these millions of choices made continuously by these millions of consumers that determine winners and losers in the economy. Usually it is just a few central planners or politiicans running the economy or program. No one of these central planners or a few them can have all the knowledge that the millions of consumers and businessmen have. And even if they could have all this knowledge the burocrats are not accountable to consumers ( it is not their money so they don’t care).Also there is no competition in government planning. So these are just 3 reasons, no competition, no accountability, and not enough knowledge about the economy, why government planning is a disaster and should be minimized.
You blame Republicans and Bush does deserve blame but Congress is controlled by Democrats so democrats get the blame for this too and they are socialists.
By definition, rats are economic midgets. I find it shocking that Bush and conservatives to supported this mess.
The market will determine winners and losers by the collection of individual choices of consumers and producers.”
Many people don’t know that or even understand it.
The economy is an extremely complex machine , much too complex ,for any central government idiot planner to know how to run.
bump