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Old 04-24-2008, 12:50 PM
 
Location: Raleigh, NC
9,043 posts, read 11,567,954 times
Reputation: 1392

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Quote:
Originally Posted by rlchurch View Post
Oh and things are so much worse than in 1900.
Actually they are. The eye roll was cute btw.

The living standard was been improved, but the business environment is far far worse. Much much more government intervention and controls that slow down production. Look to China to find out how a real capitalist society works.

This argument is also common among the talking heads.
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Old 04-24-2008, 01:19 PM
 
Location: Washington DC
5,915 posts, read 7,238,669 times
Reputation: 948
Quote:
Originally Posted by ViewFromThePeak View Post
Actually they are. The eye roll was cute btw.

The living standard was been improved, but the business environment is far far worse. Much much more government intervention and controls that slow down production. Look to China to find out how a real capitalist society works.

This argument is also common among the talking heads.
You should actual read some economic texts. The US was still a largely agrarian society in 1900 -- about 1/3 of all people worked on farms. Industry was tiny -- about 7 million people worked manufacturing jobs, Standard Oil had assets of $200 million, Ford & GM weren't even in existence. That may not fit your romantic view of the period, but the data are clear.
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Old 04-24-2008, 01:24 PM
 
Location: Raleigh, NC
9,043 posts, read 11,567,954 times
Reputation: 1392
Quote:
Originally Posted by rlchurch View Post
You should actual read some economic texts. The US was still a largely agrarian society in 1900 -- about 1/3 of all people worked on farms. Industry was tiny -- about 7 million people worked manufacturing jobs, Standard Oil had assets of $200 million, Ford & GM weren't even in existence. That may not fit your romantic view of the period, but the data are clear.
The "things are different now" is almost as good of an argument as black helicopters.

Almost.

BTW, I've read Rothbard's America's Great Depression which exposed the New Deal for the fraud that it was. The Austrian school of thought is alive and well in the world.

Again, government apologists might disagree.

Also, the industrial revolution saw the greatest real GDP growth of all time. This was when we had sound money and low government intervention.

This is why in the 21st century America will be a very bad place to do business. Almost as regulated as Europe, and in some ways more.
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Old 04-24-2008, 01:28 PM
 
Location: Pinal County, Arizona
25,107 posts, read 35,116,721 times
Reputation: 4899
Quote:
Originally Posted by rlchurch View Post
You should actual read some economic texts.
AND, you should get out in the real world. Inside the beltway is NOT the real world -

You don't have a stinkin clue about what really goes on in REAL life - not a clue
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Old 04-24-2008, 01:30 PM
 
Location: Washington DC
5,915 posts, read 7,238,669 times
Reputation: 948
Quote:
Originally Posted by ViewFromThePeak View Post
The "things are different now" is almost as good of an argument as black helicopters.

Almost.

BTW, I've read Rothbard's America's Great Depression which exposed the New Deal for the fraud that it was. The Austrian school of thought is alive and well in the world.

Again, government apologists might disagree.

Also, the industrial revolution saw the greatest real GDP growth of all time. This was when we had sound money and low government intervention.

This is why in the 21st century America will be a very bad place to do business. Almost as regulated as Europe, and in some ways more.
Actually the Austrian School of Economic is and always will be a bit of a sideshow. A more robust, but still free market view, would come from reading from the Chicago School with Friedman, Stigler, Fama, et al. LOL America's a bad place to do business? That's why everyone buys our debt? Bill Gates and Warren Buffet, would probably disagree with you.
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Old 04-24-2008, 01:35 PM
 
Location: Washington DC
5,915 posts, read 7,238,669 times
Reputation: 948
Quote:
Originally Posted by Greatday View Post
AND, you should get out in the real world. Inside the beltway is NOT the real world -

You don't have a stinkin clue about what really goes on in REAL life - not a clue
I'd be happy to compare the geographic breadth of my business experience with yours any time you'd like.
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Old 04-24-2008, 01:46 PM
 
Location: Pinal County, Arizona
25,107 posts, read 35,116,721 times
Reputation: 4899
Quote:
Originally Posted by rlchurch View Post
I'd be happy to compare the geographic breadth of my business experience with yours any time you'd like.
No problem - No problem at all
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Old 04-24-2008, 02:10 PM
 
Location: Washington DC
5,915 posts, read 7,238,669 times
Reputation: 948
Quote:
Originally Posted by Greatday View Post
No problem - No problem at all
In the last twenty-five years I have done business, at the clients, in all 50 states. You?
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Old 04-24-2008, 02:12 PM
 
Location: Pinal County, Arizona
25,107 posts, read 35,116,721 times
Reputation: 4899
Quote:
Originally Posted by rlchurch View Post
In the last twenty-five years I have done business, at the clients, in all 50 states. You?
Probably half that - and Hong Kong (an office and home there), Singapore, London, Munich.
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Old 04-24-2008, 02:15 PM
 
Location: Washington DC
5,915 posts, read 7,238,669 times
Reputation: 948
Quote:
Originally Posted by Greatday View Post
Probably half that - and Hong Kong (an office and home there), Singapore, London, Munich.
OK London, Paris, Milan, Frankfort, Sao Paulo, Costa Rico.
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