07-28-2008, 12:50 AM | #131 |
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07-28-2008, 01:37 AM | #132 |
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Are you saying you think the government created, literally, the "discipline" of computer science in 1978?
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07-28-2008, 02:06 AM | #133 |
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yes, it wasn't an academic discipline before.
There are plenty of instances where the market won't produce the most efficient outcome. The government's job is to correct market failures like imperfect information, externalities, etc.
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07-28-2008, 02:10 AM | #134 |
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07-28-2008, 02:13 AM | #135 |
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07-28-2008, 02:14 AM | #136 |
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that's not an opinion, that's the most basic economics.
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07-28-2008, 02:18 AM | #137 |
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I guess we disagree on the what the government's job is. I say its to protect life, liberty and property. You say its to intervene in the market place. I thought you were an economist? and if that is true how could you possibly make the argument above?
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07-28-2008, 02:21 AM | #138 |
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Basic economics is:
the social science that studies the production, distribution, and consumption of goods and services.
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07-28-2008, 02:27 AM | #139 | |
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Quote:
I don't know any economist who believes that markets never fail.
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07-28-2008, 02:41 AM | #140 |
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Sure I understand about those items. I just believe that when the government gets involved its not a good thing. My expertise is the medical industry. I don't believe any other industry has as much government intervention as that one. The major payor in the industry is the government. State government in trying to "fix" market failures have enacted various regulations (certificate of need etc...). Which create many other market failures which is the primary reason everyone's Medicare tax (1.9%) and Insurance rates are so high.
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