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HughBeaumont

(24,461 posts)

31. Ever notice something else about Friedmanomics?

Reply to NNN0LHI (Reply #29)

Sat Dec 31, 2011, 01:30 PM

Dec 2011

In the past 31 years, almost each and every period of prosperity the US has seen has been the result of a speculative bubble of some kind (S & L, credit, tech, housing, finance, etc). Take those away, and the track record actually seems less than mediocre.

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OK, Explain This To Me Like I’m A Complete Idiot Part 9: [View all] HughBeaumont Dec 2011 OP

du rec. nt xchrom Dec 2011 #1

because our system can't figure out how to profit enough privately from it and prefers to do nothing unblock Dec 2011 #2

I think one of their many cons is the "productivity" card . . . HughBeaumont Dec 2011 #7

productivity is good, IF there are better things for displaced workers to be doing. unblock Dec 2011 #9

They profit enough privately Aerows Dec 2011 #19

agreed. different definition of "enough". unblock Dec 2011 #20

the jobs are "created" outside the USA getdown Dec 2011 #3

The "more education" meme is a cop out. dawg Dec 2011 #4

+1000 nt abelenkpe Dec 2011 #8

Well said! Spazito Dec 2011 #10

Hee hee . . . here's a right scary graphic relating to underemployment - HughBeaumont Dec 2011 #12

Nice graphic. Where did you find it? -nt LiberalAndProud Dec 2011 #14

From this article . . . HughBeaumont Dec 2011 #17

+1 Edweird Dec 2011 #28

And while you're at it explain why no one in Congress is talking about climate change? lunatica Dec 2011 #5

Because a large chunk of them don't believe in it abelenkpe Dec 2011 #16

"don't believe in it" is a sad state of affairs in itself. HughBeaumont Dec 2011 #23

Because they busy raising campaign contributions. They have to set priorities, you know. AnotherMcIntosh Dec 2011 #22

I have no answers but one piece of it has to be fear of leaving the present job, to start a company riderinthestorm Dec 2011 #6

I'm not sure, but I think that was another "Idiot" topic I've addressed in the past: HughBeaumont Dec 2011 #11

Employer-based health insurance is a chain keeping employees at jobs they'd like to leave. n/t Scuba Dec 2011 #24

Existing companies who wish to expand abelenkpe Dec 2011 #13

Who could turn down HoldenD Dec 2011 #15

Yes, and while they're indebted, they can't purchase/put off purchasing products. HughBeaumont Dec 2011 #18

Because the neocons and neoliberals combined their efforts to sell us out w "free trade" etc. AnotherMcIntosh Dec 2011 #21

The answer is obvious quaker bill Dec 2011 #25

I think the point of these "Idiot" posts . . . . is that I want to hear the explanation from THEM. HughBeaumont Dec 2011 #26

Because of monopolies and mergers. fasttense Dec 2011 #27

Job creation was extraordinarily weak since 9/11 but it had already been that way for decades NNN0LHI Dec 2011 #29

Ever notice something else about Friedmanomics? HughBeaumont Dec 2011 #31

Leveraging is what Wall Street does NNN0LHI Dec 2011 #32

The End Of The Job TheMastersNemesis Dec 2011 #30