HOLLYWOOD STOCK EXCHANGE
THE ENTERTAINMENT MARKET
THE ENTERTAINMENT MARKET
Sure you are - that's why you said that I think the way I do because I am paid to do so.
What I'm trying to get across is that principles, whatever they are, become more complicated in the real world.
Applying a sound principle to its logical extreme can often make bad results. Or two seemingly good principles can collide to produce a bad outcome.
It's the boundaries of those principles that are interesting, not so much the principles themselves. "I believe I should be able to say what I think" "So do I" Boring. But the limits of this principle - "What are the things I can and can't say on a discussion board where we all have to get along?" Interesting
But the times when you've said "I believe in this principle, therefore this should be is the outcome" and I've said "here are some practical factors to consider" and now "by the way, this is something I've actually experienced, not just something I read in a book or on Wikipedia", your response has been "I'm fine with my principles thanks". End of discussion.
On Keynes, of course I find value in his principles. But that's like saying there's value in Freud, or in Socrates. Influential thinkers who produced useful tools that everyone in the relevant field should understand, but thinking has also developed since then - in large part because those principles have been applied and tested in the real world. For example, Irving Fisher's thinking was more influential in the US response to the financial crisis than Keynesianism was.
But sure, I support the general Keynesian principle that when the private sector produces an inefficient result, the government should step in to produce the correct outcome. (which is I think what you meant?)
But, what's an inefficient result? Is it really inefficient, or just an outcome someone doesn't like? What's the correct outcome? Is it really correct, or just someone's ideology? Is the inefficiency really so bad that it justifies intervention? How should the government intervene - heavily, or does it just need to tweak things? How can government avoid becoming part of the problem? What indirect impacts will government intervention have? etc
Asking these questions doesn't invalidate the principle, but they are questions that increase my understanding of how that principle should be applied in reality. Amd even though I support the principle of "government should do something when appropriate", when something goes wrong I don't have a "the government should do something about that!" knee-jerk reaction.
Similarly, I'm not trying to invalidate your views with my comments. It's about exploring where we each think the boundaries lie. But if "government should stay out of the private sector" is absolute truth to you, then there's not much point in discussing.
Congrats to President Obama on winning his reelection effort. Nov 07, 04:42
On the Secretary of Business stuff, economic development is different to what a Treasury Secretary should be responsible for. Nov 07, 07:21
There is plenty of overlap. I guess I just want business to by and large stay out of the way of business. Nov 07, 07:53
Of course, I misspoke. As for western Europe comparison, we will soon (2014) begin implementing Nov 07, 11:08
I am not a fan of the Import/Export Bank. I appreciate your comments, but we clearly disagree. {nm} Nov 07, 11:04
Makes sense right? Puts bacon on the table for you. {nm} Nov 07, 15:56
Come on dude. I'm being open with you. Theres no need to be dismissive because we disagree {nm} Nov 07, 17:57
I am not dismissing you bro. We are all bound to our experiences and whatever values we hold to. Nov 08, 04:59
Sure you are - that's why you said that I think the way I do because I am paid to do so. Nov 08, 08:18
I do not believe in straight-up zero government intervention Nov 08, 10:42
Sure. I'm off on vacation starting tomorrow anyway. Nov 08, 19:59
Wow a lot to chew on there. New thread? Email going forward? Nov 09, 04:28
Like I said, vacation. We can talk in a week. {nm} Nov 09, 07:20
Business should stay out of business, just like there's no intelligence in the CIA. {nm} Nov 07, 10:45
meanie Nov 07, 11:08
