Comments on Betsy N. Hansen Covering Economics and ........: US Banks Are Not Monuments Of Capitalism

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2010-05-12T22:46:24.314-07:00

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I agree with Jon, "free market" sounds many times ...

2009-08-13T00:23:29.232-07:00

I agree with Jon, "free market" sounds many times better than "Capitalism".

i recommend abandoning the term capitalism to desc...

2009-07-28T09:26:38.429-07:00

i recommend abandoning the term capitalism to describe the free market.

it is still an "-ism." a belief system; a prescription of how to do something to get some result. marx coined it to describe american socialism. fine. his problem, not yours.

liberty cannot be told, or instructed.

I think what she means is that sometimes the numbe...

2009-07-03T17:04:12.478-07:00

I think what she means is that sometimes the numbers are pretty irrelevant when we rely on those without taking into consideration the human aspect of economics.

It doesn't really matter how much it might raise or lower the GDP of a nation to implement a particular policy... what we should look at first, and foremost, is whether or not such a move would involve the theft of wealth from one set of persons and give it to another.

Imagine there was a contract out on your life, worth 1 million dollars. A Keynesian economist would pull the trigger. An Austrian economist wouldn't.