did the Laissez-faire free market create the perfect storm not seen since the great depression? fear of lending, fear of borrowing, the only instances we have experienced both in modern times are the Great Depression and Japan
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Re: did the Laissez-faire free market create the perfect storm not seen since the great depression? fear of lending, fear of borrowing, the only instances we have experienced both in modern times are the Great Depression and Japan         


Author: kikivan6
Date: Feb 10, 2008 14:07

On Feb 10, 1:15 pm, "Marcello" nospam.com> wrote:
> It is clear you cannot envision any scenario where the poor are given the
> same opportunities to require wealth as the rich.

That's your narrow minded interpretation, using "equal" opportunity to
defuse the fact that the resources are limited. So we should allow the
rich to marry unlimited number of women by promising better lives than
the poor can offer, because "the poor are given the same opportunities
to require wealth as the rich?" Why? You missed the key point
completely -- it's not about equal opportunity, it's about limited
supply.

If there are unlimited number of women available, why set up law to
prohibit polygamy? In the same token, if wealth is unlimited, why
don't we allow an individual to acquire unlimited amount of wealth?
But it is not.
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Re: did the Laissez-faire free market create the perfect storm not seen since the great depression? fear of lending, fear of borrowing, the only instances we have experienced both in modern times are the Great Depression and Japan         


Author: Marcello
Date: Feb 10, 2008 15:28

yahoo.com> wrote in message
news:746bbc6e-bd44-45a7-a38a-5ca99109b388@d70g2000hsb.googlegroups.com...
> On Feb 10, 1:15 pm, "Marcello" nospam.com> wrote:
>> It is clear you cannot envision any scenario where the poor are given the
>> same opportunities to require wealth as the rich.
>
> That's your narrow minded interpretation, using "equal" opportunity to
> defuse the fact that the resources are limited. So we should allow the
> rich to marry unlimited number of women by promising better lives than
> the poor can offer, because "the poor are given the same opportunities
> to require wealth as the rich?" Why? You missed the key point
> completely -- it's not about equal opportunity, it's about limited
> supply.

I did not miss this point as I had addressed it later in the reply. If you
only refute is your feelings that there is limited wealth than fine, lets
address that point only.
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Re: did the Laissez-faire free market create the perfect storm not seen since the great depression? fear of lending, fear of borrowing, the only instances we have experienced both in modern times are the Great Depression and Japan         


Author: kikivan6
Date: Feb 10, 2008 17:03

On Feb 10, 3:28 pm, "Marcello" nospam.com> wrote:
> It has a lot mote to do what how you define wealth, and more specifically
> quality of life. You are limited your view of it to merely products
> available to obtain. There is a lot more to wealth in the broader
> definition used to define quality of life. For instance, ease of access to
> goods, quality of labor require to obtain such goods...etc, all of which is
> constantly and steadily improving.

This is an economic forum, and we are discussing economics here, not
metaphysics or aesthetics. According to dictionary.com, the "wealth"
in economic sense is "All things that have a monetary or exchanged
value." The key is that it is about all things that can be quantified
with exchange value (mainly monetary value).
> Yet here you are, defining a "time frame" that would suit your purpose. If
> your point is to suggest that you can find a timeframe in history, no matter
> how short, that wealth did not grow, then fine, but that is hardly evidence
> to support that wealth is limited. That would be like suggesting a car does
> not work because it had been parked for a while.
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Re: did the Laissez-faire free market create the perfect storm not seen since the great depression? fear of lending, fear of borrowing, the only instances we have experienced both in modern times are the Great Depression and Japan         


Author: Marcello
Date: Feb 10, 2008 17:47

yahoo.com> wrote in message
news:eb75ae15-6b24-482f-9362-0c942a603c62@e23g2000prf.googlegroups.com...
> On Feb 10, 3:28 pm, "Marcello" nospam.com> wrote:
>> It has a lot mote to do what how you define wealth, and more
>> specifically
>> quality of life. You are limited your view of it to merely products
>> available to obtain. There is a lot more to wealth in the broader
>> definition used to define quality of life. For instance, ease of access
>> to
>> goods, quality of labor require to obtain such goods...etc, all of which
>> is
>> constantly and steadily improving.
>
> This is an economic forum, and we are discussing economics here, not
> metaphysics or aesthetics. According to dictionary.com, the "wealth"
> in economic sense is "All things that have a monetary...
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Re: did the Laissez-faire free market create the perfect storm not seen since the great depression? fear of lending, fear of borrowing, the only instances we have experienced both in modern times are the Great Depression and Japan         


Author: Video61
Date: Feb 10, 2008 21:26

On Feb 10, 3:23 pm, "Marcello" nospam.com> wrote:
> tcq.net> wrote in message
>
> news:9d07f959-2ca9-4999-b155-5ef3c679de42@s13g2000prd.googlegroups.com...
>
>
>
>> On Feb 9, 10:41 pm, "Marcello" nospam.com> wrote:
>>> tcq.net> wrote in message
>
>>>news:a6131e7d-141a-4f46-ac5f-41893dd0239e@l1g2000hsa.googlegroups.com...
>
>>>> On Feb 9, 7:16 am, Democracy Highlander yahoo.com>
>>>> wrote:
>>>>> Marcello wrote:
>>>>>> I don't know how you can say there was no government intervention
>>>>>> when
>>>>>> the
>>>>>> government permits the Fed to print its money as well as set the
>>>>>> prime ...
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Re: did the Laissez-faire free market create the perfect storm not seen since the great depression? fear of lending, fear of borrowing, the only instances we have experienced both in modern times are the Great Depression and Japan         


Author: kikivan6
Date: Feb 10, 2008 21:30

On Feb 10, 5:47 pm, "Marcello" nospam.com> wrote:
> And yet your whole basis of reasoning that wealth is limited is because it
> has only grown at a certain rate. That says nothing about its ability to
> grow indefinitely, or lack thereof.

The growth of wealth from year one to year two is limited, thus the
distribution of wealth in this period of time should also be
regulated. The growth of wealth from era one to era two is also
limited, thus the distribution of wealth in this period of time should
also be regulated so that a few individuals cannot exhaust the overall
wealth.

Unless one argues with a time frame fallacy to say that because in an
indefinite time frame wealth can grow indefinitely, thus in one's
limited timespan (less than 100 years) one should also be entitled to
"unlimited" amount of wealth. A time frame fallcy is probably the only
way to justify the entitlement to "unlimited amount of wealth."
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Re: did the Laissez-faire free market create the perfect storm not seen since the great depression? fear of lending, fear of borrowing, the only instances we have experienced both in modern times are the Great Depression and Japan         


Author: Jeffrey Turner
Date: Feb 11, 2008 06:41

Marcello wrote:
> "Jeffrey Turner" localnet.com> wrote in message
> news:13qu3t1oe401d40@corp.supernews.com...
>
>>Marcello wrote:
>>
>>>yahoo.com> wrote in message
>>>news:91cf3e9a-03bb-477f-a86b-0f379fac5a10@h11g2000prf.googlegroups.com...
>>>
>>>
>>>>On Feb 9, 11:15 pm, Michael Price yahoo.com> wrote:
>>>>
>>>>
>>>>>> So when we discuss "government," we need to recognize what kind of
>>>>>>government we are talking about.
>>>>>
>>>>> The kind that looks after itself and then gets guys like you to
>>>>>blame others when it goes wrong. In other words the usual kind.
>>>>
>>>>It's the libertarians that got it wrong. If the libertarians have ...
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Re: did the Laissez-faire free market create the perfect storm not seen since the great depression? fear of lending, fear of borrowing, the only instances we have experienced both in modern times are the Great Depression and Japan         


Author: Marcello
Date: Feb 11, 2008 18:08

yahoo.com> wrote in message
news:0850212d-2e4d-4e0c-8c4e-c571a3a1654a@e4g2000hsg.googlegroups.com...
> On Feb 10, 5:47 pm, "Marcello" nospam.com> wrote:
>> And yet your whole basis of reasoning that wealth is limited is because
>> it
>> has only grown at a certain rate. That says nothing about its ability to
>> grow indefinitely, or lack thereof.
>
> The growth of wealth from year one to year two is limited, thus the
> distribution of wealth in this period of time should also be
> regulated. The growth of wealth from era one to era two is also
> limited, thus the distribution of wealth in this period of time should
> also be regulated so that a few individuals cannot exhaust the overall
> wealth.
>
> Unless one argues with a time frame fallacy to say that because in an
> indefinite time frame wealth can grow indefinitely, thus in one's
> limited timespan (less than 100 years) one should also be entitled to
> "unlimited" amount of wealth. A time frame fallcy is probably the only
> way to justify the entitlement to "unlimited amount of wealth." ...
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Re: did the Laissez-faire free market create the perfect storm not seen since the great depression? fear of lending, fear of borrowing, the only instances we have experienced both in modern times are the Great Depression and Japan         


Author: Marcello
Date: Feb 11, 2008 18:11

"Jeffrey Turner" localnet.com> wrote in message
news:13r0nkutbqfghbd@corp.supernews.com...
> Marcello wrote:
>> "Jeffrey Turner" localnet.com> wrote in message
>> news:13qu3t1oe401d40@corp.supernews.com...
>>
>>>Marcello wrote:
>>>
>>>>yahoo.com> wrote in message
>>>>news:91cf3e9a-03bb-477f-a86b-0f379fac5a10@h11g2000prf.googlegroups.com...
>>>>
>>>>
>>>>>On Feb 9, 11:15 pm, Michael Price yahoo.com> wrote:
>>>>>
>>>>>
>>>>>>> So when we discuss "government," we need to recognize what kind of
>>>>>>>government we are talking about.
>>>>>>
>>>>>> The kind that looks after itself and then gets guys like you to
>>>>>>blame others when it goes wrong. In other words the usual kind. ...
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Re: did the Laissez-faire free market create the perfect storm not seen since the great depression? fear of lending, fear of borrowing, the only instances we have experienced both in modern times are the Great Depression and Japan         


Author: Marcello
Date: Feb 11, 2008 18:20

tcq.net> wrote in message
news:802871e7-1e1c-4abd-b76d-556271d05229@c23g2000hsa.googlegroups.com...
>
> no, what we have is a private sector that in almost all area's can
> create money out of thin air. general electric does it. the
> unregulated, outside of the government banking, and federal reserve
> banking regulations mortgage brokers did it, big time. the stock
> market does it, car loan companies do it. so our government allows any
> looney tune in the private sector can issue credit, which equals
> money.

Unregulated? Are you kidding? The government does not permit competing
currencies, how is that not regulated? In fact, this is perhaps the vest
example of the OPPOSITE of Laizzes-faire economics.
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