Death Spiral States

Posted by Nietzsche 12 years, 5 months ago to Economics
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The comments to this Forbes article are as revealing as the text. The makers understand. The takers seem incapable of understanding and they rationalize or ascribe ulterior motives to the author for his reporting.


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  • Posted by Solver 12 years, 5 months ago in reply to this comment.
    Yet when things go bad, they always seem to blame the free-market for their problems and they go punishing what little is still left.
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  • Posted by bschnzl 12 years, 5 months ago
    Wow! Forbes...
    Well said Nietzsche. Thanks for the post!
    Pump this one up!
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  • Posted by 12 years, 5 months ago in reply to this comment.
    I don't think most of them do understand, at least in terms of the big picture. They think that deficits and debt are nothing to be worried about, because they will disappear when the economy eventually recovers and tax revenues come back. They do not bog themselves down with details, they just have really good feeling about it.

    They see big government as a necessary regulator for greed and monopoly in a much more urbanized country that our forefathers ever had to deal with. I'm convinced that these people honestly believe in their positions. They do not see themselves as takers. They see themselves rather as proponents of a more compassionate society.

    They will of course eventually run out of other people's money and when their entitlement checks bounce placing their personal well being under threat, then they will understand.
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