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The Inflection Is Near?
New York Times ^ | March 7, 2009 | Thomas L Friedman

Posted on 03/07/2009 9:48:58 PM PST by Lorianne

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To: hinckley buzzard; Lorianne
Sound like the economics version of psychobabble. Middlebrow terms like “sustainable flows” and “net zero”, what kind of crap is that? All he seems to be saying is that some people are wasteful and misuse things and maybe should be more thoughtful about how they go about their daily lives. Well, BFD. That “problem” has been with us since the first cave men took a walk over the hill and got into a spat with their neighbors. Dressing it up with pseudo-intellectual buzz words doesn't change it.
21 posted on 03/07/2009 10:15:14 PM PST by chimera
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To: gondramB

No, no, you don’t understand. Censoring thought means it never occured.

That’s why the liberals want Rush off the air.

We have our own Ostrich Brigade here at FR.


22 posted on 03/07/2009 10:15:15 PM PST by Lorianne
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To: Darkwolf377

You do realize, don’t you, that the population of Communist China is FOUR TIMES the population of America??

China can and seems likely to absorb every skill and job in the American economy, leaving us broke and incapable of making anything.

Capitalism won’t magically fix that. We can and seem determined to collapse our own country.


23 posted on 03/07/2009 10:16:41 PM PST by Cringing Negativism Network (Palin / Limbaugh 2012)
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To: Lorianne
So, to sum up, Friedman's solution to too much government is..., more government.

What insight...

24 posted on 03/07/2009 10:18:30 PM PST by THX 1138
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To: Darkwolf377

I agree, but aren’t we being hypocritical when we tout Bush, McCain, and other Republicans who called for more regulation way back when ... that (presumably) would have stopped this meltdown?


25 posted on 03/07/2009 10:19:26 PM PST by Lorianne
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To: Lorianne

>>No, no, you don’t understand. Censoring thought means it never occured.

That’s why the liberals want Rush off the air.

We have our own Ostrich Brigade here at FR.<<

I guess we can’t really expect Freep to be immune to such a strong human tendency. But I get your point.


26 posted on 03/07/2009 10:21:18 PM PST by gondramB (Preach the Gospel at all times, and when necessary, use words.)
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To: Redbob
>>>Like when President Osama referred to a P/E ratio as "profit/earnings ratio?" <<<

I hadn't heard that...really. The guy is even a bigger intellectual lightweight than I thought.

Another interesting thing is lots of appointees to treasury deputy sec'ty and under sec'ty positions have dropped out or withdrawn. Seems nobody wants to be associated with the sinking economic ship....Geithner is literally "by himself" at Treasury....winging it alone!!

Obama is currently serving in the second month of the first 2 year Presidential term in US history!! The Democrats will be calling for his impeachment within a year!

27 posted on 03/07/2009 10:21:38 PM PST by HardStarboard ("The urge to save humanity is almost always a false front for the urge to rule - Mencken knew Obama)
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To: Lorianne
The solution is to cut taxes and cut government spending. So simple even a cave man could do it. Of course that would mean Democrats giving up their ill gotten power. It's over Rats. You LOSE!
28 posted on 03/07/2009 10:30:03 PM PST by VRWC For Truth (Throw the bums out who vote yes on the bail out)
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To: Lorianne

>scientists are warning us that we’re living beyond our ecological means and overdrawing our natural assets,<

whatta joke!


29 posted on 03/07/2009 10:30:36 PM PST by ken21 (the only thing we have to fear is fdr deja vu.)
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To: VRWC For Truth

Yes, that’s the solution but they’ll never admit that or do that.

So, unfortnately, we have no choice but to crash and burn and hopefully pick up the pieces and start over. I say get it over sooner rather than later.


30 posted on 03/07/2009 10:34:12 PM PST by Lorianne
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To: HardStarboard

>>Obama Tells America To Buy Stock - Why he needs to do his homework and How Wrong He Is
Posted on March 4, 2009 by mcauleysworld

Yesterday, Obama suggested that the time was right for the average American to buy stock.

To my surprise the President made reference to the “Profit to Earnings Ratio” of stocks. The “Profit to Earnings Ratio”? What the heck is that?

Obama was making up his own measurements of the stock market. There is no “Profit to Earnings Ratio”. While Profits and Earnings are not exactly the same, Profits are a function of Earnings minus Expenses.<<

http://mcauleysworld.wordpress.com/2009/03/04/obama-tells-america-to-buy-stock-why-he-needs-to-do-his-homework-and-how-wrong-he-is/

sigh....


31 posted on 03/07/2009 10:34:40 PM PST by gondramB (Preach the Gospel at all times, and when necessary, use words.)
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To: Lorianne
Well the good thing is YOU DON’T HAVE TO!

C-c-c-c-oool. I didn't...AND I thoroughly enjoyed reading the posts lambasting this idiot.

Thank you very much.

32 posted on 03/07/2009 10:36:55 PM PST by PGalt
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To: Lorianne

Trees are not a renewable resource? What is that about?


33 posted on 03/07/2009 10:37:53 PM PST by Maine Mariner
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To: HardStarboard
Ya, he really said that...

Talk about clueless... And now he's the leader of the free world...

Obama apparently thinks he's an “idea man” where everyone else does the actual work. The thing is, all his “ideas” are simply reruns of 60’s failed radicalism of Ayers, et al... He's never actually really done anything himself. And unless the Democratic powers that be start filling the voids behind the scenes quickly all of that is going to be painfully obvious even to his blind worshipers.

34 posted on 03/07/2009 10:42:01 PM PST by DB
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To: Lorianne
I agree, but aren’t we being hypocritical when we tout Bush, McCain, and other Republicans who called for more regulation way back when ... that (presumably) would have stopped this meltdown?

How is calling for more regulation in some cases being hypocritical?

35 posted on 03/07/2009 10:55:24 PM PST by Darkwolf377 (Behind enemy lines in Boston and Cambridge)
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To: Cringing Negativism Network
You do realize, don’t you, that the population of Communist China is FOUR TIMES the population of America?? China can and seems likely to absorb every skill and job in the American economy, leaving us broke and incapable of making anything. Capitalism won’t magically fix that. We can and seem determined to collapse our own country.

What does China have to do with anything I've posted?

36 posted on 03/07/2009 10:56:02 PM PST by Darkwolf377 (Behind enemy lines in Boston and Cambridge)
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To: Lorianne
Wow. I knew Friedman was bad, but I didn't know he was this bad. The guy really is a moron; he knows absolutely nothing about economics. "Renewable flows"? Good grief!

It's the price system that determines whether something is "renewable", not nature. For the price system to work, it has to reflect real valuations of buyers and sellers, and real knowledge of local conditions (something that a central government can never have). That can only happen if buyers and sellers have a real, personal stake in their economic transactions...which, in turn, can only happen if they own the property they are trading. Private ownership of the means of production, a sound money, and the price system are the mechanisms for creating "renewability" and "sustainability."

Environmentalism is simply the new, hip rationale for instituting socialism. Whether it's the baloney of global warming, or the idiocy of recycling, that's all it is.

Since no one buys the Marxist nonsense about "exploitation of the working class" as an excuse to institute socialism, the left has substituted "exploitation of nature" as the excuse.

If the right wants to win the debate on this, it should adopt the vocabulary of the left (since the left's propagandizers, the press, control most of the flow of information). They should use the terms "sustainability", "renewability", "flow", etc., and demonstrate that these wonderful goals can come about only through individuals making local economic decisions based on local information available only to them. Use the word "local" a lot because that's also a favorite buzzword of the enviro-left. Back this up with examples of the environmental waste and hazards caused by non-local, centralized decisions in countries that have or had socialism. Thomas Sowell has many real-world examples in his books "Basic Economics," "Applied Economics," and "Economic Facts and Fallacies."

37 posted on 03/07/2009 10:56:19 PM PST by GoodDay (Palin for POTUS 2012)
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To: Darkwolf377

Government intervention?


38 posted on 03/07/2009 10:56:51 PM PST by Lorianne
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To: Lorianne
Government intervention?

What about it?

39 posted on 03/07/2009 10:57:16 PM PST by Darkwolf377 (Behind enemy lines in Boston and Cambridge)
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To: Lorianne
We have been getting rich by depleting all our natural stocks — ..... rivers, fish ...."

Omigosh! Finally we know the true bottom-line reason why our economy has been melting down --- all the rivers have been drying up and the fish are dead!

Dang, I just knew there was some really simple, obvious, intuitive explanation behind all this. Why didn't anyone explain this to us sooner?

I guess it's just like Plato or Aristotle or someone said: "Our economy needs a fish like a bicycle needs a ...... I forget the rest of the quote, but it's something close to that.

40 posted on 03/07/2009 10:58:18 PM PST by CardCarryingMember.VastRightWC (If my kids make a mistake in the voting booth, I don't want them punished with a community organizer)
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