Quote:
Originally Posted by 1andrew1
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Point #1 is just completely wrong. Scaling up financial goings on from the household to a country doesn't negate economic realities. It might delay their biting you in the backside by a decade or so but bit you will be eventually.
Point #2......at least when the private sector fecks up heads tend to roll (not always, admittedly)
Point 3......I'm not sure that many think that "House price inflation is good for the economy and creates growth"
Point 4....." The majority of economists recognise that severe spending cuts are harmful to the economy" ........mainly if, like Brown, you consider the public sector to be 'the economy'
Point 5......I'm not sure that many think that "Everyone maximising their self-interest promotes wellbeing" and the argument that "A look at the concept of information asymmetry demonstrates how wrong-headed the idea of humans as perfectly rational economic agents is" is a good idea for a left wing publication since the same argument can be used against communism and socialism
I could go on to points 6 through 10 but I'm losing the will to refute the arguments of someone who is clearly a mental defective.