From: Platt Holden (pholden@sc.rr.com)
Date: Mon Nov 14 2005 - 13:10:32 GMT
Hi Rebecca,
Platt:
> I've given you my proposals for a higher quality France. What are yours?
> Then let's debate, keeping in mind what Pirsig said about the value of free
> markets. :-)
> Rebecca:
> Free markets are nice, however, Pirsig was no economist and he didn't
> espouse any particular free market conception.
> I'm not an economist either but I do have some background. You can't leave
> free markets by themselves (there are no truly "Free" markets anywhere in
> the world - they are all constrained). The end of the 19th and beginning of
> the 20th century saw some of the most open free markets in history (next to
> some of the stuff going on right now). Then the Depression came because
> these markets were not properly regulated, people panicked, and *kablam*.
> That's what happens when you let the market be too free.
The Depression came about because markets were too free? Sorry. Not the
whole story. The consensus among economists today is that markets were
wrongly interfered with by the heaving hand of government, resulting in
the debacle that lasted until WW II, despite the socialist-leaning New
Deal. For a more fair and balanced view of the causes of the Depression
than taught at left-wing universities, try the following:
http://www.amatecon.com/gd/gdcandc.html
I'm sure you've learned in college that it's wise to look at an issue from
more than one side, and to be especially critical of what everybody says
is true, whether it be the causes of the Depression, rioting in France, or
global warming.
Platt
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