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#1
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That the United States has a slightly progressive income tax?
That U.S. patent law is the only thing preventing our economy from devolving into a stagnant poophole? That 1-2% inflation is perfectly natural phenomenon, and a sign of a growing, healthy economy? That the CPI actually understates inflation? That we need the government to provide education because of its positive externalities? That we need the government to re-allocate private investment because politicians can determine the best investments for the long-term health of the economy? * Just some of the golden nuggets of wisdom divulged in my Intermediate Macroeconomics class. Why am I an Econ major again? [censored] my life! |
#2
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My econ classes were really good, no socialism in there. If you go to a liberal school though no doubt they shove that down your throat.
My roomate is an econ PHD at a fairly presigous school (top 20 or something he said). I had a three hour arguement with him about why he thinks the minimum wage is a good thing because employers pay workers too little and the government can determine the proper wage for them to be paid. |
#3
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[ QUOTE ]
My econ classes were really good, no socialism in there. If you go to a liberal school though no doubt they shove that down your throat. My roomate is an econ PHD at a fairly presigous school (top 20 or something he said). I had a three hour arguement with him about why he thinks the minimum wage is a good thing because employers pay workers too little and the government can determine the proper wage for them to be paid. [/ QUOTE ] You can't be serious that a PHd Econ candidate said that? "Too" is so not an economic term. If workers are paid "too" little by employers as an economist he should be able to tell you by how much and why, otherwise he is just giving a subjective opinion. If workers were paid "too" little they would work sompelace else. The fact that a better alternative does not exist would suggest they are not being paid "too" little. I too was a econ major many moons ago and I amazed at the liberal thinking I see in econ text books today. |
#4
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* Just some of the golden nuggets of wisdom divulged in my Intermediate Macroeconomics class. [/ QUOTE ] Whew, good. For a minute there I thought you were either retarded or leveling... |
#5
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That 1-2% inflation is perfectly natural phenomenon, and a sign of a growing, healthy economy? [/ QUOTE ] Curious why people disagree with this. There seem to be numerous benefits to a small amount of inflation. [ QUOTE ] That we need the government to provide education because of its positive externalities? [/ QUOTE ] I don't think there's enough empirical evidence to determine this either way, but you can certainly make a case that it's true. |
#6
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[ QUOTE ] That 1-2% inflation is perfectly natural phenomenon, and a sign of a growing, healthy economy? [/ QUOTE ] Curious why people disagree with this. There seem to be numerous benefits to a small amount of inflation. [/ QUOTE ] Sure. Benefits TO WHOM, though? [ QUOTE ] [ QUOTE ] That we need the government to provide education because of its positive externalities? [/ QUOTE ] I don't think there's enough empirical evidence to determine this either way, but you can certainly make a case that it's true. [/ QUOTE ] Yeah, because before government got involved, nobody was educated. |
#7
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Yeah, because before government got involved, nobody was educated. [/ QUOTE ] certainly there were far fewer educated. |
#8
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[ QUOTE ] Yeah, because before government got involved, nobody was educated. [/ QUOTE ] certainly there were far fewer educated. [/ QUOTE ] O RLY? For bonus points, how well-educated do you think the students coming out of those private schools were compared to the kids coming out of today's public schools? |
#9
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[ QUOTE ]
[ QUOTE ] [ QUOTE ] That 1-2% inflation is perfectly natural phenomenon, and a sign of a growing, healthy economy? [/ QUOTE ] Curious why people disagree with this. There seem to be numerous benefits to a small amount of inflation. [/ QUOTE ] Sure. Benefits TO WHOM, though? [/ QUOTE ] I'd like to see you answer this, actually. [ QUOTE ] [ QUOTE ] That we need the government to provide education because of its positive externalities? [/ QUOTE ] I don't think there's enough empirical evidence to determine this either way, but you can certainly make a case that it's true. [/ QUOTE ] Yeah, because before government got involved, nobody was educated. [/ QUOTE ] [img]/images/graemlins/confused.gif[/img] |
#10
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[ QUOTE ] That we need the government to provide education because of its positive externalities? [/ QUOTE ] I don't think there's enough empirical evidence to determine this either way, but you can certainly make a case that it's true. [/ QUOTE ] I dont get this one at all. There are positive externalities to many things, doesnt mean they should be subsidized. What about the positive externalities of business and jobs, arguably I'm going to benefit more if people in my society have more money not if they know a bunch of useless history that they learnt from the government. What about the negative externalities of schools teaching people retarded economic lessons? |
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