Bruddah IZ
DA
“It is not from the benevolence of the butcher, brewer, and baker that we expect our daily dinner, but from their regard to their self-interest.”--Adam Smith
A Closer Look at the Left’s Agenda: Scientific, Economic, and Numerical Illiteracy on the Campaign
- Thread starter Bruddah IZ
- Start date
Bruddah IZ
DA
“Free Everything” and the First Law of Politics
Entrepreneurs do a much better job than politicians at alleviating scarcity through efficient, value-creating production.
Tuesday, August 6, 2019
The other night, a politician criticized Bernie Sanders and Elizabeth Warren for offering voters “free everything and impossible promises.” Remarkably, the critique came not from a Republican fiscal conservative but from a fellow Democrat during a primary debate. John Delaney, a former congressman from Maryland, said such policies were based on “fairytale economics.”
Fairytale Economics
As economist Thomas Sowell wrote,
The first lesson of economics is scarcity: there is never enough of anything to fully satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics.
So it was surprising to see a presidential candidate give a nod to the first lesson of economics and lay off the first lesson of politics for a moment.
https://fee.org/articles/free-every...dRrMhleA8fM6ajqrIV5Tiy25tHoe2g&_hsmi=75407244
Entrepreneurs do a much better job than politicians at alleviating scarcity through efficient, value-creating production.
Tuesday, August 6, 2019
The other night, a politician criticized Bernie Sanders and Elizabeth Warren for offering voters “free everything and impossible promises.” Remarkably, the critique came not from a Republican fiscal conservative but from a fellow Democrat during a primary debate. John Delaney, a former congressman from Maryland, said such policies were based on “fairytale economics.”
Fairytale Economics
As economist Thomas Sowell wrote,
The first lesson of economics is scarcity: there is never enough of anything to fully satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics.
So it was surprising to see a presidential candidate give a nod to the first lesson of economics and lay off the first lesson of politics for a moment.
https://fee.org/articles/free-every...dRrMhleA8fM6ajqrIV5Tiy25tHoe2g&_hsmi=75407244
Bruddah IZ
DA
https://fee.org/articles/alexandria...sm-a-recently-taken-photo-suggests-otherwise/
Alexandria Ocasio-Cortez Says She Opposes Capitalism. A Recently Taken Photo Suggests Otherwise
Although people disagree with capitalism, they seem to agree with the results it produces.
Friday, February 15, 2019
There are many who speak loudly against capitalism, all the while still enjoying its benefits. To illustrate this point, just look at Alexandria Ocasio-Cortez texting from her iPhone, wearing a Movado watch, and drinking a Starbucks coffee. A democratic socialist, who thinks of capitalism as an immoral system, seems to enjoy the goods provided by big corporations. It is not only Alexandria Ocasio-Cortez, however; this is common behavior in Western societies.
The iPhone that @AOC is texting on, the Starbucks coffee under her arm, and the Movado watch she is wearing were all made by "greedy corporations."
9,060
7:55 AM - Feb 14, 2019
Twitter Ads info and privacy
5,128 people are talking about this
Alexandria Ocasio-Cortez Says She Opposes Capitalism. A Recently Taken Photo Suggests Otherwise
Although people disagree with capitalism, they seem to agree with the results it produces.
Friday, February 15, 2019
There are many who speak loudly against capitalism, all the while still enjoying its benefits. To illustrate this point, just look at Alexandria Ocasio-Cortez texting from her iPhone, wearing a Movado watch, and drinking a Starbucks coffee. A democratic socialist, who thinks of capitalism as an immoral system, seems to enjoy the goods provided by big corporations. It is not only Alexandria Ocasio-Cortez, however; this is common behavior in Western societies.
The iPhone that @AOC is texting on, the Starbucks coffee under her arm, and the Movado watch she is wearing were all made by "greedy corporations."
9,060
7:55 AM - Feb 14, 2019
Twitter Ads info and privacy
5,128 people are talking about this
