General Discussion
In reply to the discussion: OK, time to post again the 14 defining characteristics of fascism. [View all]mathematic
(1,605 posts)The guy upthread assumes I watch fox news when I don't have a TV, much less cable. You assume I've never read a macro textbook when I have D. Romer's Advanced Macroeconomics within arms reach of my computer. Which, incidentally, does not say that there are no free market capitalist industrialized nations.
While you may prefer to eject "capitalist" from the language in favor of "mixed economy", this isn't an entirely useful exercise. As for "free market"... my macro text is 90% models of individual or firm behavior that rely on a free market or of models agnostic to the issue (eg growth models). The chapter on government deficits is an exception.
You know what's really frustrating? Dealing with libertarian purists with an internet message board knowledge of economics (or worse, an ideological intro undergrad text level knowledge) that insist that taxes, regulation, and government spending means we don't have a free market and we're not capitalist* (yes, I know, "mixed economy" but what the heck is the point of the term if it doesn't actually refer to anything that is or ever was.)