Wednesday 17 July 2013

Paul Krugman's Challenge To Free Marketeers, Excellent Rhetoric To Be Sure - Forbes

Again the Forbes writers are into political ideology rather than tested economics. It's obvious that so called efficient markets are grossly inefficient because they derive their logic from market control rather than common sense! 

We are slaves to those controlling the market rather than choosers of efficient products.  

In an Yankee Doodle American world where anything goes unless it it is expressly prohibited by law, one mostly gets pollution and such crap then tax avoidance, capital out migration rather than commitment to efficiency, slow growth and high unemployment. Bubbles bursting? So much for the success of free markets, NOT!

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Sketches from scratches is a provocative blogspot that has grown out of the Wuh Lax experience. It is eclectic, which means that it might consider just about anything from the simple to the extremely difficult. A scratch can be something that is troubling me or a short line on paper. From a scratch comes a verbal sketch or image sketch of the issue or subject. Other sites have other stuff that should really be of interest to the broad reader. I try to develop themes, but variety often comes before depth. ... more!