"One should doubtless keep an open mind...though open at both ends, like the food pipe, and have a capacity for excretion as well as intake." -- Northrop Frye, 'The Great Code'
Saturday, November 12, 2011
Economics 101 for "Occupiers"
"... One of Barack Obama's great gifts is the ability to say things that are absolutely absurd and make them sound not only plausible but inspiring… it's ludicrous but it's very clever ludicrousness."
Not only are they clueless about economics, but they have no interest in them. When anyone spouts "equality", they are talking communism where everyone, except the rulers, is equal at the lowest common denominator. This is exactly why communism fails every time once they have used up the wealth stolen from the producers at the start.
Not only are they clueless about economics, but they have no interest in them. When anyone spouts "equality", they are talking communism where everyone, except the rulers, is equal at the lowest common denominator. This is exactly why communism fails every time once they have used up the wealth stolen from the producers at the start.
ReplyDeleteTrue. And even some of the most successful capitalists, like Warren Buffett, don't seem to understand the basics.
ReplyDeleteThat video is worth watching.
ReplyDeleteThomas Sowell is a very, very impressive guy.
ReplyDeleteBrilliant!
ReplyDeleteI'm definitely buying that book!