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Old 06-09-2008, 08:54 AM
 
3,885 posts, read 4,645,459 times
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With the Grizzmeister. Follow the link to an excellent article which I believe is right on target. In fact, most bipartisan economist are saying the same thing.

The Economy: Why It’s Worse Than You Think | Newsweek Inside Business | Newsweek.com
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Old 06-09-2008, 08:59 AM
 
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I agree. It is worse than people think.

High taxes, unions, commodity inflation (that I feel is under reported due to the crash of housing prices)...

We're in for a very rough ride. It will take a special effort to get us out and unfortunately I don't have much confidence in our current partisan congress or presidential candidates to give that effort.
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Old 06-09-2008, 09:06 AM
 
Location: Southern New Jersey
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Obama says he's the candidate of change...I'm not sure what McCain is saying...either way both candidates from the major parties represent more of the same; that is, more government.

Real change is less government...maybe we should give it a try and see how an unmanaged economy really works?
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Old 06-09-2008, 09:24 AM
 
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Default Transparency

Quote:
Originally Posted by MamaBee View Post
Obama says he's the candidate of change...I'm not sure what McCain is saying...either way both candidates from the major parties represent more of the same; that is, more government.

Real change is less government...maybe we should give it a try and see how an unmanaged economy really works?
Most honest big-time economist are moving away from a completely free market economy model. They realize the consequences of the inevitable corrections are too severe to the greater wellbeing of a nation. This is by no means a new concept as it was realized long ago that monopolies are also detrimental to the greater good of a nation. Completely free markets sound good in theory but are impractical in reality. Thriving economies with long term vision need to be managed by leaders with integrity. Isn’t that what our present economic situation is proving as fact?
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Old 06-09-2008, 10:11 AM
 
Location: Londonderry, NH
41,479 posts, read 55,477,755 times
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A completely unregulated open free market is the last place you want to do business. It is way too uncertain and difficult to make a profit unless you have some control over who is allowed to compete. It is way too risky for investors and difficult for managers.
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Old 06-09-2008, 10:53 AM
 
Location: Heartland Florida
9,324 posts, read 25,128,056 times
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Quote:
Originally Posted by GregW View Post
A completely unregulated open free market is the last place you want to do business. It is way too uncertain and difficult to make a profit unless you have some control over who is allowed to compete. It is way too risky for investors and difficult for managers.
Yet that is the environment that the United States had the most innovation. The problem now is that the whole system is regulated, and that cannot change without starting over.
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Old 06-09-2008, 10:58 AM
 
Location: Southern New Jersey
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EXACTLY tallrick.

The present situation is highlighting what a managed economy does...it creates bubbles, it deflates currency, it creates a reason for more bureaucracy and a group of elites running the show.
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Old 06-09-2008, 11:24 AM
 
48,507 posts, read 90,516,947 times
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THe really fact is that econmist have really never agreed and always have differences of opinion;how and in the past.Just depends on which the writer agrees with.In trhe end none really have a grasp on a very complex subject.
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Old 06-09-2008, 11:58 AM
 
Location: PA
5,562 posts, read 5,326,864 times
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Quote:
Originally Posted by Grizzmeister View Post
Most honest big-time economist are moving away from a completely free market economy model. They realize the consequences of the inevitable corrections are too severe to the greater wellbeing of a nation. This is by no means a new concept as it was realized long ago that monopolies are also detrimental to the greater good of a nation. Completely free markets sound good in theory but are impractical in reality. Thriving economies with long term vision need to be managed by leaders with integrity. Isn’t that what our present economic situation is proving as fact?

Last time I checked we havent had a free market.. when was that 1910.. The FED manages the money supply, the interest rates, creates bubbles and lowers the value of the dollar. The Federal Government over taxes and over regulates. Seems to me the only Impractical reality is the VISION of the leaders have no integrity and believe in centralize power of Government. I see no evidence that this current system which is managed works. The best economny is left to the PEOPLE. When people get most of their pay check you will see FREEDOM. The freedom to invest and most importantly save. The people have been brainwashed into believing they are to stupid to manage their own lives. If we have sound money and money in the pockets of people, government will be smaller and constitutional once again. The Freedom of ideas and the money to invest in those ideas will take us futher then the limits and false inflation and index numbers of the Federal Reserve.
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Old 06-09-2008, 12:20 PM
 
Location: Chicago
4,676 posts, read 9,424,497 times
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Those arguing that we go back to the 19th century, care to post the economic growth numbers of the period? Perhaps explain why the invisible hand led to so many depressions?
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