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SW Richmond - - -
Jan 04 15:05 pm
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All Comments by John Lounsbury »2009: The War on Capital(ism) Must Be Stopped [View article]
I find your article to be a very thorough presentation of your well considered views. The criticisms of stefan, Ferdinand E. Banks, and Guero have merit, but do not detract from your discourse. I also like the comment by carey_jim (with whom I have had several lively debates in other comment streams).
The risks you point out that current policies may lead to serious degardation of the value of the U.S. dollar, high or hyper inflation, and serious damage to the ability to fund our national deficitrs are recognized by many who do not share all of your economic and political philosophy. What others consider, and you do not, is how much destruction of commercial structure should be tolerated in trying to get the excesses shaken out.
You have expressed a philosophy which I would label idealistic. I prefer to analyze the nuances of situations and look for pragmatic possibilities.
Finally, I could find a reference to define the acrnym MSM. Maybe I'm just not a careful enough reader, or maybe I am too ignorant of what is common knowledge, but I would like to know what it means.