William F. Buckley Jr. vs. John Kenneth Galbraith 2 of 6

National Review presents / The Cambridge Debate William F. Buckley Jr. vs. John Kenneth Galbraith Recorded in 1972

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[JoeJC]

Twenty mins in and no substantive point has been made.

[Bellantoni]

@vince33x All those countries you listed have a history of the most protectionist policies and government intervention, planning, and subsidization of the economy.

Truly free markets, ones without tariffs or any other kind of protection, without fixed exchange rates and too much collective bargaining, no welfare, developed infrastructure, or state planning of any stripe, that's known as the third world.

[vince33x]

@pilkingtonphil Come off it u moron, u think Harvard professors r some kind of Brahmans?

[pilkingtonphil]

@vince33x Online thesaurus is a blessing... and big wordz make U clever - but you still don't understand the issues you're talking about; so you shouldn't talk about them (or claim that you know 'better' than Harvard economists, for that matter). You have to study them. There's no free-ride. Get it or get out.

As I said, this isn't ideological - I'd love if it were - you just don't get this stuff. You use phrases that you don't fully understand. And that probably works out for you...

[vince33x]

@pilkingtonphil The phrase "supercilious ass" comes immediately to mind. I wonder why?

[pilkingtonphil]

@vince33x Sorry, but last one. My advice - for the dinner parties that you're never invited to: don't put forward your 'opinion'. It's grossly out-of-date - and juvenile, even from the viewpoint of, say, 1980. Stick to pricing. You get that. You don't get the 'market forces' thing.

I've discussed this with free-market types. They don't agree - but they understand. You don't. Drill that into your head. YOU DON'T GET THIS STUFF. Sorry. I'm done. Good luck in retirement!

[vince33x]

@pilkingtonphil So 'consumers' and 'markets' don't exist. I'll let them know and we can all go home.

[vince33x]

@pilkingtonphil Conceptually Laffer absolutely nailed it. Indeed, JFK, in a speech noted the phenomena of the fact that lowering tax rates paradoxically increased gov't revenue. It's impossible t predict what exactly what that rate would be but such a rate would maximize the taking on of economic risk.

[vince33x]

@pilkingtonphil What, ur now some kind of pop psychologist?

[vince33x]

@pilkingtonphil Yes, u r indeed done.