So, you are saying that we let volunteers run the sewage system instead of paying people?
No, I am not saying that. I am saying that when a transaction is coerced the information about its value to the participants is distorted or distroyed.
the fact is that society needs people to provide infrastructure in very unglamourous and 'unprofitable' ways.
We disagree about your "fact." There are plenty of economists who argue that your fact isn't as factual as you seem to believe that it is.
I suggest we let the market do some things and the government stick to cutting the grass, and doing things that are long term and unglmourous leading to low profit margins but pay into the community in terms of public well being.
Suggest all you want. I'm just pointing out that it is a bad suggestion, based upon unsound economic understanding. Even so, letting the government do more and more has been very popular, it is what is happening now and it is going to crash, for perfectly understandable economic reasons.
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Re: Economic ignorance -- popular can also be wrong
Date: 9/4/11 23:36 (UTC)No, I am not saying that. I am saying that when a transaction is coerced the information about its value to the participants is distorted or distroyed.
We disagree about your "fact." There are plenty of economists who argue that your fact isn't as factual as you seem to believe that it is.
Suggest all you want. I'm just pointing out that it is a bad suggestion, based upon unsound economic understanding. Even so, letting the government do more and more has been very popular, it is what is happening now and it is going to crash, for perfectly understandable economic reasons.