@rbreich So the private borrowing that the government crowds out isn't a consideration in your world?
— Robert Wenzel (@WenzelEconomics) February 16, 2013
@rbreich How do they purchase what isn't first created by those investing in capital?
— Robert Wenzel (@WenzelEconomics) February 16, 2013
@rbreich Is this based on the same theory you used to buy your house at the top of the housing market?
— Robert Wenzel (@WenzelEconomics) February 16, 2013
@rbreich Did you get your Berkeley job from a classified ad? Total Truth: Most jobs aren't advertised in newspapers?
— Robert Wenzel (@WenzelEconomics) February 16, 2013
@rbreich Maybe they are jobless because of public benefits. Why work when you are paid not to?
— Robert Wenzel (@WenzelEconomics) February 16, 2013
@rbreich And you are using what, Bitcoins as your example?
— Robert Wenzel (@WenzelEconomics) February 16, 2013
Underlying whopper - Robert Reich knows what he is talking about.
ReplyDeleteSurprised you didn't reply to this gem
ReplyDeletehttps://twitter.com/RBReich/status/302863854713589760
Ok, taken care of.
DeleteHe is an absolute idiot and typical Dem apologist for fascist obama.
ReplyDeleteWasn't it the guNvernment or Walmart who sustained life after Katrina struck?
ReplyDeleteArt
Nice work Bob. This arrogant man needs to hear it from every corner. As they say, Reich probably never even ran a lemonade stand. Then he shapes young minds who might have done so, fouling up the things they learned.
ReplyDeleteDid he block you yet?
ReplyDeleteThis Robert Third Reich character sure is a complete idiot.
ReplyDeleteBless your soul, Mr. Wenzel.
ReplyDeleteMarkets cannot exist without government? Can somebody really be THAT ignorant? I'm trying to decide if these people are completely retarded, or just purposefully spewing statist propaganda for their own benefit and fellow connected.
ReplyDeleteHas he responded?
ReplyDeleteMarkets exist in spite of governments...
ReplyDeleteHe's saying it's a lie that markets exist without government?! If so it's a wonder how ancient man survived!
ReplyDeleteExactly. I guess there was no trade in the wild west and there is no such thing as a black market. These are all myths because they don't involve government but free and willful interactions between people.
DeleteHAHAHAHAHAHAHA I literally laughed out loud. These are gold. I really hop Reich responds.
ReplyDelete'Robert Reich @RBReich
ReplyDeleteBiggest economic lie #5: "Markets" exist without government. Truth: Government organizes, defines, and enforces the market.'
So, this goes for black markets, too?
Well said, Sir!!!
DeleteWell, at least the drug market. ;)
Deleteif you take RR's point to its logical conclusion, he must argue that there was no trading before governments existed. Everyone only consumed what they grew/produced. NO TRADE before government.... LOL yeah right.
DeleteThis is also the same guy who bitches about rich fat cats while he is paid 200k a speech despite being completely ignorant about econ.
ReplyDeleteRobert Reich is a liar
ReplyDelete