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<p>[QUOTE="statequarterguy, post: 1297144, member: 21782"]Great write up! Although I'd have to say I'm a Keynesian, which has worked in the past to pull us out of depressions & recessions. Having been a Bus Admin major, accounting & finance, I tend to believe there is no real free market or at least not one that works for everyone. A capitalist market left to its own will concentrate wealth in fewer & fewer hands over time (like today and the past), so government intervention is imperative if it's going to work for the majority. Or, like you said, the people won't stand by and let it happen. I also believe we can compete in a world market if the playing field is level and provide entitlements, which are really only a minimal level of existence, as well as a living wage. Anyway, like you said, all of this is beyond the scope of this forum, other than the economy’s relation to PM’s. If you believe in Austrian economics, long run, PM’s look pretty good - if you believe in Keynesian economics, not so good.[/QUOTE]</p><p><br /></p>
[QUOTE="statequarterguy, post: 1297144, member: 21782"]Great write up! Although I'd have to say I'm a Keynesian, which has worked in the past to pull us out of depressions & recessions. Having been a Bus Admin major, accounting & finance, I tend to believe there is no real free market or at least not one that works for everyone. A capitalist market left to its own will concentrate wealth in fewer & fewer hands over time (like today and the past), so government intervention is imperative if it's going to work for the majority. Or, like you said, the people won't stand by and let it happen. I also believe we can compete in a world market if the playing field is level and provide entitlements, which are really only a minimal level of existence, as well as a living wage. Anyway, like you said, all of this is beyond the scope of this forum, other than the economy’s relation to PM’s. If you believe in Austrian economics, long run, PM’s look pretty good - if you believe in Keynesian economics, not so good.[/QUOTE]
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