An Economics Lesson Even a Liberal Can Grasp
By Herbert E. Meyer
(Snip) Since the president and his advisers haven't got a clue about how our economy works -- which isn't surprising, since these people have less practical business experience than any kid with a lemonade stand -- here's an economics lesson so short and simple even a liberal can grasp it:
The key point to understand is that an economy is a kind of operating system. This means that if you want the economy to "do" something -- such as create more jobs -- you have to go about it the way the operating system is designed to work. Otherwise you cannot possibly succeed.
Think of it this way: our cell phones have operating systems built into them. There's no Republican way to make a phone call with your iPhone, and no Democratic way to do it. There's no conservative approach to checking your email with a BlackBerry or an Android, and no liberal approach to doing it. You just do it the way your cell phone's operating system requires.
It's the same with an economy. Broadly speaking, there are two kinds of economic operating systems: a free-market economy and a command economy. In a free-market economy, the government sets the rules and enforces them, but otherwise stays out of the way and allows individuals and businesses to call the shots. In a command economy, the government's role is so large that it not only sets and enforces the rules, but also calls the shots...
(Snip) Since the president and his advisers haven't got a clue about how our economy works -- which isn't surprising, since these people have less practical business experience than any kid with a lemonade stand -- here's an economics lesson so short and simple even a liberal can grasp it:
The key point to understand is that an economy is a kind of operating system. This means that if you want the economy to "do" something -- such as create more jobs -- you have to go about it the way the operating system is designed to work. Otherwise you cannot possibly succeed.
Think of it this way: our cell phones have operating systems built into them. There's no Republican way to make a phone call with your iPhone, and no Democratic way to do it. There's no conservative approach to checking your email with a BlackBerry or an Android, and no liberal approach to doing it. You just do it the way your cell phone's operating system requires.
It's the same with an economy. Broadly speaking, there are two kinds of economic operating systems: a free-market economy and a command economy. In a free-market economy, the government sets the rules and enforces them, but otherwise stays out of the way and allows individuals and businesses to call the shots. In a command economy, the government's role is so large that it not only sets and enforces the rules, but also calls the shots...
(Ribbet!)
This is the simplest, easy-to-understand explanation of how our economy works. I wonder at a president, a working adult--or even a college student--that couldn't understand this, that doesn't understand this.
Hurting Business: Labor Dept. Power Grab Rewards Obama's Union Allies
By Ed Lasky
http://www.americanthinker.com/blog/2011/09/labor_dept_power_grab_rewards_obamas_union_allies.html
Makes sense to me.
ReplyDeleteI guess the liberal way to explain economics is to do what Hoffa, Jr. and Bite-me Biden did at rallies yesterday. Need a job? Union thugs will come to the workplace and declare war. As Junior said, "We'll throw the sons of bitches out!"