Display:
Poorly, stupidly and corruptly done, which seems to be the current fashion, this would result in products which are not purchased, squandering resources and capital, which would lead to inflation, but it would provide employment.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Tue May 18th, 2010 at 09:14:02 AM EST
[ Parent ]
Yes, there are no moron-proof ways to deal with an economic slump. More generally, there are no moron-proof systems, full stop. And even if there were, the universe is in the business of developing ever better morons. The same is true for cronyism, of course.

Poorly, stupidly and corruptly done, any government action will be a disaster.

The reason many of the classical liberals of the Enlightenment opposed government intervention to the extent that they did was that poor, corrupt and stupid governments were the historical norm.

Honesty, integrity and competence in your legislature: Accept no substitute.

- Jake

If you only spend 20 minutes of the rest of your life on economics, go spend them here.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Tue May 18th, 2010 at 11:29:57 AM EST
[ Parent ]
Moronic seems to be the actual mean, and we all know that we always have reversion to the mean. History explained.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Tue May 18th, 2010 at 11:53:20 AM EST
[ Parent ]
Honesty, integrity and competence in your legislature: Accept no substitute.

When you have a choice of a candidate that is honest, competent and competent things are easy. Things are seldom easy. Gresham's Law has been at work too long.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Tue May 18th, 2010 at 07:22:08 PM EST
[ Parent ]

Display:
Login
. Make a new account
. Reset password
Occasional Series