[Timber Loftis]

Originally posted by John D Harris: The free market will produce anything on it's own that somebody sees they can make money doing. UA went under because they forgot the basic rule of business you have to bring more money in then you let go out. Period no excuses, your employees hopes dreams and lives depend on your business doing that. For all the liberals, Now that all that is over with I'm still waiting on answer to my questions earlier in the thread about why are the Liberal Dems all of a sudden are calling for their own TAX CUTS (although they won't use those words)after years of telling us that the TAX INCREASE of 1993 was the great savior of the economy? Why would tax increases NOT work now after all Bill Clinton inhierited the worst economy in "fifty years" so say the Liberal DEMS. And fixxed it with tax increases. Can anybody say "It's the economy stupid" remember that line of HAPPY horse manure. Come on people bring your best hitter out. "Hale" I'm getting tried of pitching "strikes". I got a great outfield with MagiK, Khazman, Attalus( sorry guys I'm to lazy to double check the spelling ), and a promising up and coming shortstop in Iron Ranger. Come on somebody give my guys a workout.

Well, Who's on First?

Look, since no dems took up for the damdems ( ) I will. It goes back to the Keynes lesson above. If you didn't perk up then, go read it again.

In time of prosperity, taxes should increase. The government takes in money to make up for money it released into the stream of commerce during times of economic downturn. That was 1993, when a tax increase was totally appropriate. And, much of the money was spent paying off the national deficet, as it should have been, lest we would not have run the country "in the black" for a few years.

Nowadays, when there is economic downturn, it is the time to relax taxes and spend government money - in effort to kick-start the economy. Keynes set it all out, you see. It was perfectly appropriate to spend in '93, perfectly appropriate to cut taxes now. The Dems were dead on. Which is better than the "we only know one song and dance" party can say.

Oh, and to retort to your earlier post, the letters P,h, and D cost a bunch because being edumicated is well worth it. I think Keynes points that out rather implicitly, as a little Harvard bookworm who got the chance to change the economy of a nation and, by the way, had the balls to stand up in COngress and tell them all off before storming out.

Final point. You are right: the free market *will* produce every good that it is profitable to produce. Which is why the military and roads would not exist - they ARE NOT PROFITABLE. The "free rider" syndrome destroys them. People who let the rest of us pay for the tanks are the problem. Which is why some entity needs to collect the money and spend it for the society. See?

If you can't agree on the basic notion of an externality, I don't think our discussion can continue. I need you on step 1 before I can help you to step two.

Sorry, that last remark was just to let you know I've been hitting them outta the park despite what you think.

[ 02-03-2003, 03:38 PM: Message edited by: Timber Loftis ]