Paul-led panel considers Fed abolishment bill

Discussion in 'Economics' started by Banjo, May 4, 2012.

  1. No, that's actually not a subjective observation, but a statement of fact... Deficiencies of capitalism are well known in economics, just like deficiencies of democracy are known in politics. This isn't to say that there are superior alternatives, but one musty be aware of the imperfections.
    It's certainly the best and the healthiest model we have experienced so far. However, yet again, that doesn't mean that it's perfect and it's those imperfections that need to be addressed somehow.
     
    #11     May 8, 2012
  2. MKTrader

    MKTrader

    But a bunch of guys trying to micromanage a huge, complex system and really messing it up is somehow perfect...
     
    #12     May 8, 2012
  3. MKTrader

    MKTrader

    And they were addressed much better in the pre-Fed, low/no intervention era.
     
    #13     May 8, 2012
  4. Who says micromanage? Everything in life is good in moderation... Overregulated, micromanaged capitalism doesn't work, but neither does fully unfettered, unregulated capitalism. The trick, as usual, is to find just the right mix.
     
    #14     May 8, 2012
  5. That is not the case and there's an abundance of research to demonstrate that. I can cite you some, if you like.
     
    #15     May 8, 2012
  6. achilles28

    achilles28

    +1000
     
    #16     May 8, 2012
  7. achilles28

    achilles28

    Would you kindly enlighten us as to what the deficiencies in capitalism are, and cite some examples?
     
    #17     May 8, 2012
  8. achilles28

    achilles28

    Sure, lets talk about it. Coles notes?
     
    #18     May 8, 2012
  9. Two main categories:
    1) Provision of public goods, aka issues that have to do with negative externalities
    2) Monopoly issues
    I dig up a few. Pls bear w/me.
     
    #19     May 8, 2012
  10. achilles28

    achilles28

    What do you mean by negative externalities? I don't work for a multi-billion dollar hedge fund, my friend. Can you dumb it down for me, a bit?

    If you mean, provision of public services (funded via taxes), we seem to do okay now? And then (post-1930's)?

    Reasonable tax rates are certainly compatible with a capitalist system? The Founders funded via tariffs and excise?


    These aren't deal-breakers, imo. Without excessive regulation (and regulators to buy off), what's wrong with monopolies if they provide a good or service well below that of other free market competitors? That's a boon to the general economy. Not a blight, ya?



    Sure thing. No rush.
     
    #20     May 8, 2012