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spillane said in January 24th, 2008 at 10:19 am

I have read a lot of “Birdy” (russel) and Huxley. Good stuff, but a little dated. they were talking mostley about england, and around the time of WWII and rise of soviet powers.

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spillane said in January 24th, 2008 at 11:58 pm

Wes with further thought, I realize now and comforting myself in so, I realize that you have never read “wealth if nations” by Adam smith…
Now, if you have ever read this door stop of a book like I have, you would realize that our whole Idea of free market is based upon it. Hence us being the world leaders and every other country adapting the same principles and following suite. Smith did however have an overlying belief in something he called the invisible hand. We would like to think at this moment it conspires against us, but in actuality Smith was talking about money, people investing in a belief of money and how if they make stupid investments they will learn from it. What did you think would happen if you invested in a subprime loan and they told you don’t have to spend a dime your first year in it…. It was a bad idea, and people got burned on it, and are economy will be effected it by it… slightly.
I say this because it is exposed; creating new markets for investment hence whole knew honest ways to make money. Free market means you have to put the faith in money. (Smith believed it is better to let everyone be bad, than rather a few select few to control the world,) that is actually a pretty conservative idea, open it up to everyone. If you get a subprime loan, then fuck you for being stupid, I bet you will never get another one… but at least you can get one… welcome to the game.
Basically it is the US open, if you want to play, sign up and compete Tiger woods.. If you make the cut you are in. free market as far as I can tell in the only answer to all of history as I view it. You can’t keep bagging on it, while living off of it. Look at so much of what you do, how you live, how you build a new place… it is all based off of the belief that the consumer will gravitate towards you because of the trade you offer. Chris chose his job wisely, off of the same beliefs that have comforted us from the founding of our nation. Security. Need. Extending yourself outside of that is stupidly… a dream. If you are sold on that, and put your family in debt because of that, don’t worry it will work itself out, and perhaps without you.
Wes, people are smarter than you think, they watch jon stewart, they laugh, they get it, they understand how the media works and the world they live in…. I imagine in the future a media back lash so big… where NPR becomes a news source, again I put my faith in the human intellect.

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spillane said in January 24th, 2008 at 11:58 pm

wealth of nations

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Wes said in January 25th, 2008 at 12:22 am

More than the people who took out sucker loans will lose big on this. The “easy money” inflated house prices; smart people were flipping houses and doing well, people were borrowing more against their equity, and more than just the foolish folks will loose big.

Bush is borrowing ( that means we all have to pay more later ) to stimulate the economy and prevent wall street from crashing; but borrowing is what is causing the problem in the first place.

The dollar is going to lose the luxury of being the worlds reserve currency because it has been diluted so much; no one wants to hold an asset that is going down in value; so people are selling them; causing it to go down in value further.

I’m happy and thankful for the u.s. economy; but as you’ve gathered I’m not optomistic about it so I’m trying to figure out if I’m wrong about it or right about it.

Are you sure the market hasn’t been hijacked?

Is globalism working for us as it was advertised?

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Wes said in January 25th, 2008 at 1:04 am

“Most importantly,Smith’s theory of comparative advantage opposed any offshoring of either employment and/or industrial/financial capital if the purpose of such offshoring was to supply the home market.”

http://www.amazon.com/review/R26W59LXV245PI

Clearly we have veered from this guys plan.

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spillane said in January 25th, 2008 at 12:24 pm

he also was against big governemnt. agreed.

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