Reply to thread

Message: [QUOTE="AlaskaSU, post: 1642044, member: 230"] I am in line with main stream economic theory. Markets are efficient. Command economies and price fixing do not work. If there is but one customer, that is called price fixing. If price is below the market clearing price supply will be curtailed. Producers would have no incentive to respond to consumer taste. Investors would have no reason to invest. There will be massive shortages, capital misallocation and black markets. It is no coincidence that every single green company that this administration invested in is now bankrupt. In order to allocate resources efficiently there has to be a feedback mechanism. Command economies have no such mechanism. Furthermore, there is a whole world of empirical data littered with failed socialist economies. Greece anyone? How about Venezuela and Cuba and all of Europe that is on the verge of bankruptcy even though they rely on us to defend them as they cannot afford to defend themselves. Given that your opinion is neither supported by theory nor empirical evidence it is funny that your moniker is that "you are not entitled to your own facts". LOL Even the Swedes that you lefties always point to is going conservative. Independent organizations have run the numbers on Bernie Sanders' policy recommendations and conclude that it would put us in a deep depression. [URL]http://taxfoundation.org/article/details-and-analysis-senator-bernie-sanders-s-tax-plan[/URL] Show me your theory that command economies, socialism, price fixing etc. are superior to open market capitalism, The Communist Manifesto? Show me your evidence, East Germany compared to West Germany, N Korea compared to S Korea? I have no doubt that it is worthwhile to repeat myself on the following point as I am sure that you are unconvinced; if there is but one buyer, that buyer is the price setter. That is what everyone, except those on the nutty left, calls price fixing. Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passions, they cannot alter the state of facts and evidence. [URL='http://www.brainyquote.com/quotes/authors/j/john_adams.html']John Adams[/URL] [/QUOTE]

Verification: What is a Syracuse fan's favorite color?