Fortunately that will not adversely affect his ability to vote for the Democrat of his choice in 2010.
Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.
Posted on 10/15/2009 10:05:56 AM PDT by arthurus
It is on the fallacy of isolation, at bottom, that the “productionfor-use-and-not-for-profit” school is based, with its attack on the allegedly vicious “price system.” The problem of production, say the adherents of this school, is solved. (This resounding error, as we shall see, is also the starting point of most currency cranks and share-the-wealth charlatans.) The scientists, the efficiency experts, the engineers, the technicians, have solved it. They could turn out almost anything you cared to mention in huge and practically unlimited amounts. But, alas, the world is not ruled by the engineers, thinking only of production, but by the businessmen, thinking only of profit. The businessmen give their orders to the engineers, instead of vice versa. These businessmen will turn out any object as long as there is a profit in doing so, but the moment there is no longer a profit in making that article, the wicked businessmen will stop making it, though many people’s wants are unsatisfied, and the world is crying for more goods.
There are so many fallacies in this view that they cannot all be disentangled at once.
(Excerpt) Read more at jim.com ...
Hazlitt is a breath of fresh air. I’ve enjoyed everything he’s written so far.
You mean everything he has written that you have read, so far. He’s been dead for about 16 years.
Yes that’s what I meant. I’m well aware that he is dead and I wish it were otherwise. I would very much like to know his thoughts on the current mess.
Starting with the fact that it's a strawman.
Any manufacturing engineer can tell you it takes raw materials, labor, equipment and facilities to turn out a product, and that those are not free. Let alone "unlimited".
Sorry, have to come down on the side of the evil businessman.
I hear you on that. Hazlitt and Hayek are still teaching us.
“Practically all government attempts to redistribute wealth and income tend to smother productive incentives and lead toward general impoverishment”
A ton ofp pages on this horrible college thesis, and there it is.
Fortunately that will not adversely affect his ability to vote for the Democrat of his choice in 2010.
You have apparently not understood any part of what you read, that is assuming that you read more than one sentence.
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