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well, unless you just want to tease me, I am very interested to find a strong economic theorist, who brings the University Schoold of Economics opinions to its knees. I think outside the US the concept of libertarianism in economic theory is misunderstood as being liberal-leftist and a beacon of freedom and fairness. I am so laywomanish and uneducated when it comes to that specific school, but I don't trust them for a minute.

They could go on too long to confuse people. To me they are wolves in sheep clothes (or whatever you call it). And if the FDP falls for those theories I just think that they don't know what they are dealing with.

by mimi on Mon Sep 19th, 2005 at 08:04:22 AM EST
[ Parent ]
Instead of studying in the university for economic theories, here are 2 short cuts (but you don't get a degree - haha):

1.  Read this book by Milton Friedman -
FREE TO CHOOSE
Its a fast read.

  1.  Ask yourself a simple question:   Who can solve this economic problem better - an individual (or a group of individuals associated on the basis of freedom) or a state (through its political machinations and bureaucracy)?

  2.   "Hell hath no fury like a bureaucrat scorned."  :-)

Right on.  Next time, use this observation, when a bureaucrat impedes any freedom or progress.  It works every time its tried.
by ilg37c on Mon Sep 19th, 2005 at 10:34:27 AM EST
[ Parent ]
And don't forget the really important question: will this allow me to justify acting in my own self interest without regard for any one else's interests while pretending that its for their own good?
by Colman (colman at eurotrib.com) on Mon Sep 19th, 2005 at 11:11:00 AM EST
[ Parent ]
1. When a baker bakes bread, he does not think about you or me. He doesn't even know about you or me.  

(a) He acts for his self interest - bake bread, make money, to support himself and his family.  Its called the invisible hand.
(b) I take the baker any time over any government bureaucrat.

2. When Bill Gates (or Microsoft) programs a software, he/she doesn't know you or me and doesn't do for our good.  
(a) He did it to have fame, or money, or success, or all of the above.  Or maybe, he was a geek, and couldn't get a date, and now he can.  The end result was a product or service.

(b) I take Bill Gates any time over any government bureaucrat.  Or if you are an Apple fan, I go with Steve Jobs.

  1. The communists had "lofty and noble" goals.  See what it brought too.  Ask Mao, ask Castro, ask Lenin, ask Stalin, ask Pol Pot, ask, ask, ask.

  2.  I let Schroeder and his government programs solve the Germany's social and economic problems.  That of course assumes that the government knows better than the individual.  He believes in it and I salute him.  I want more power and more control under Herr Schroeder.  (smile)
by ilg37c on Mon Sep 19th, 2005 at 10:53:30 PM EST
[ Parent ]

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