Steve Forbes: Capitalism Will Save the U.S. - CBN.com
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Here is why this is all bullshit - economic theory is used by people with an agenda to promote their economic agenda, thereby changing the economy.
Economic theory changes the systems it is trying to predict. It is used by the powerful to rationalize and justify their acquastion of power. The economy is complicated. Anyone who tells you that they know how it works is lying. The best they can do is make educated guesses and judgment calls.
psusac 8 months ago
"A System that ignores market signals, that provides no incentives, and that subsidizes losers cannot be efficient in producing goods and services." Pietra Rivoli from "The Travels of a T-Shirt in the Global Economy" 2nd
BringBackCapitalism 2 years ago