Did You Know...

[calmB4storm]

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!

[lehighguy]

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.

[Misfire]

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* Just some of the golden nuggets of wisdom divulged in my Intermediate Macroeconomics class.

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Whew, good. For a minute there I thought you were either retarded or leveling...

[pvn]

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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?

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Actually, this one might be true, since politicians control the corporate welfare that boosts the profits of so many otherwise crappy companies. I mean, who would know better which dog to bet on than the vet doing the doping?

[Jamougha]

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That 1-2% inflation is perfectly natural phenomenon, and a sign of a growing, healthy economy?

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Curious why people disagree with this. There seem to be numerous benefits to a small amount of inflation.

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That we need the government to provide education because of its positive externalities?


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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.

[pvn]

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That 1-2% inflation is perfectly natural phenomenon, and a sign of a growing, healthy economy?

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Curious why people disagree with this. There seem to be numerous benefits to a small amount of inflation.

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Sure. Benefits TO WHOM, though?

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That we need the government to provide education because of its positive externalities?


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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.

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Yeah, because before government got involved, nobody was educated.

[Barretboy]

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Yeah, because before government got involved, nobody was educated.

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certainly there were far fewer educated.

[AzDesertRat]

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That the CPI actually understates inflation?


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Well, this one is obvious. The government doesn't want to increase the spending on benefits based on actual numbers, but rather narrowly contrived figures which serve the government's interest.

[pvn]

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Yeah, because before government got involved, nobody was educated.

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certainly there were far fewer educated.

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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?

[pvn]

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Yeah, because before government got involved, nobody was educated.

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certainly there were far fewer educated.

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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?

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Here's a hint