I propose, therefore, to examine the sacred volume briefly, and if I am not greatly mistaken, I shall be able to make it appear that the institution of slavery has received, in the first place, 1st. The sanction of the Almighty in the Patriarchal age. 2d. That it was incorporated into the only National Constitution which ever emanated from God. 3d. That its legality was recognized, and its relative duties regulated, by Jesus Christ in his kingdom; and 4th. That it is full of mercy.
1st. The sanction of the Almighty in the Patriarchal age.
2d. That it was incorporated into the only National Constitution which ever emanated from God.
3d. That its legality was recognized, and its relative duties regulated, by Jesus Christ in his kingdom; and
4th. That it is full of mercy.
Another quote from a master of our present age (Milton Friedman):
I am in favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it's possible.
I fail to see any difference between the intellectual prostitution of either author.
The mathematical basis of modern economics is mostly in the micro-economic area. My complaints are about macro-economics, especially as they influence fiscal and monetary policy. Policies not Politics ---- Daily Landscape
Microeconomics is the foundation for macroeconomic theory in today's world -- hence the term "microfoundations" you often hear. If you can't explain the causes of macroeconomic problems at the micro-level, then it's difficult to gain support for your theory. That said, the tying-together of the two fields has not been incredibly smooth.
What are your exact complaints in the areas of monetary and fiscal policy? Fiscal policy is always going to be driven by politics, not economics. Politicians have to answer to interest groups. Economists don't. Conservatives want live babies so they can raise them to be dead soldiers. - George Carlin
