Ann_NY
37p19 comments posted · 0 followers · following 0
14 years ago @ Big Hollywood - Secret's Out: Why Lett... · 0 replies · +3 points
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16 years ago @ Big Government - Coming Soon: 'USPIGS' · 0 replies · +1 points
16 years ago @ Big Government - Coming Soon: 'USPIGS' · 0 replies · +1 points
16 years ago @ Big Government - Coming Soon: 'USPIGS' · 0 replies · +1 points
http://www.cato.org/pubs/journal/cj15n2-3-1.html
Wow a Yale economist thinks that the public is too stupid to make wise investments. Go figure. This is just the type of nonsense that gets taught to the people who are messing up the economy now.
In a real investment portfolio there are very few people who own just stocks. It would look similar to how many peoples portfolios today. More conservative people could do nicely with diverse portfolios no matter what the economic conditions are. With a smaller government and a stable money supply there wouldn't be volatile business cycles that we see today.
16 years ago @ Big Government - Coming Soon: 'USPIGS' · 0 replies · +1 points
"One impact of those seemingly abstract numbers after privatization is that interest rates are likely to be substantially higher, raising the cost to the average household of mortgages, car loans, student loans, credit cards and so on. As a result, the economy would be likely to grow more slowly than it would otherwise. "
Too bad the person who wrote this can't apply the logic to the gross spending and creating of fiat money that is happening while we speak. The treasury market is soft and Moody's is thinking of downgrading us. Guess what's going to happen then? The social security problem will solve itself once the economy crashes. But go ahead tax the rich, see how far that will get us.
16 years ago @ Big Government - Coming Soon: 'USPIGS' · 0 replies · +1 points
16 years ago @ Big Government - Coming Soon: 'USPIGS' · 0 replies · +1 points