RickRussellTX

Still Blaming the Market Victims

"Our nation as a whole makes very little that is of lasting value."

I think this is the key point. Efficient production of highly desirable goods is the surest way to gain comparative advantage and economic success. It's worked for Japan, Taiwan, South Korea, and now it's working for China.

And the only effective ways for the federal government to influence the efficient production of desirable goods are to (1) improve efficiency by subsidizing infrastructure -- the kinds of projects that no single company could build by themselves, like power plants and bridges, or (2) improve the goods, by subsidizing education, research, etc.

Still Blaming the Market Victims

"Our nation as a whole makes very little that is of lasting value."

I think this is the key point. Efficient production of highly desirable goods is the surest way to gain comparative advantage and economic success. It's worked for Japan, Taiwan, South Korea, and now it's working for China.

And the only effective ways for the federal government to influence the efficient production of desirable goods are to (1) improve efficiency by subsidizing infrastructure -- the kinds of projects that no single company could build by themselves, like power plants and bridges, or (2) improve the goods, by subsidizing education, research, etc.