Edwards flunks econ

Carolina Journal.com ^ | January 6, 2003 | JOHN HOOD

[Ragtime Cowgirl]

FYI.

[Steven W.]

Senator Edwards is distinguished amongst his colleagues as the Presidential candidate most likely to lose his home state in a general election if he were to win the DemoncRATs nomination.

[Mr. K]

BTTT

[Recovering_Democrat]

GREAT
ARTICLE!
Thanks, Ragtime Cowgirl.

[Blood of Tyrants]

When Bush proposed the 2001 tax cuts the Rats derided it as worthless and "only $300, a muffler for your car". Now when THEY propose a ONE TIME gimme of $300 it is the beat all to end all.

[TnMomofTwo]

It is interesting to me that Rich Dumbocrats always seem to be the ones saying that the rich wouldn't use a tax break to the benefit anyone but themselves. For example, the rich wouldn't really worry about job creation, they'd selfishly hoard their money and watch the poor starve. It makes me wonder--how many jobs did the former trial attorney created during the "great Clinton economy"? For that matter, how many jobs have the gods of the dumbocrats, Bill and Hillary, created? Perhaps the real reason these misguided souls trash Bush's stimulus plan is because they are really the greedy, self-centered demons that they try to make conservatives out to be...... hmmmmmmm.....

[MrB]

I have encountered the argument that when the government spends money, it stimulates the economy just as well as when citizens spend it. Argue a bit with a lib and you'll hear this.

The answer is:
Money is just a way to shuttle value between goods and services. When an individual or private business spends money on capital, you can be sure that the private person is spending (as they see it) in the most efficient way - otherwise, the private person or business will soon be without capital.
However, when the government spends it, there is no accountability (threats of loss or bankruptcy) and therefor the money will be spent inefficiently (in the economy as a whole).

[muslims=borg]

These dumb ass democrats will never get it. Its like once they are indoctrinated into the democratic party they also get a lobotomy and are incapable of independent thought. Keynes' theories are flawed but they really suit the democratic ideology. Wasn't Edwards largest contributer group trial lawyers ? This guy would be worse than the Klintons, a potential disaster again. Inside every democrat is a communist wanting to come out of the closet.

[ampat]

How about a real test. Can he name the assistant deputy finance minister of Tanzania and can he spell "potatoe".

[trebb]

Yes it really is a

GREAT
ARTICLE!

[ffusco]

thanks for the great post!

[Free the USA]

http://www.freerepublic.com/perl/bump-list

[PaulJ]

Good point. I had forgotten about that.

[dfwgator]

Can he recognize a bust of George Washington?

[Henchster]

[sticker]

Edwards is worse than your normal democRAT communist, he's also a lawyer

[bballbob]

The real problem is that most of the voters, and media whores, don't know the first thing about economics. There is no interest on the media's part to educate the voters, because the media supports the same dumb ideas the democrats do.

If the voters knew, or cared, maybe this stupidity would cease, but given who controls the schools and colleges, who do you think is going to educate (future) voters about reality? Ain't gonna happen!

[muslims=borg]

Maybe I was lucky but when I was in college we were heavily taught in the Austrian School of economic theory and Adam Smith. Keynes was merely a footnote and my Econ 101 teacher made fun of his theories. Many of these democrats who are proponents of Keynsian economics don't even know who Keynes was nevermind Adam Smith. Sad.....