tag:blogger.com,1999:blog-3758330678390419129.post3334637839083903117..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: No Wonder They Are Socialists...Robert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-3758330678390419129.post-1142515083245453762017-11-12T09:20:03.140-05:002017-11-12T09:20:03.140-05:00If you're talking about an exact duplicate of ...If you're talking about an exact duplicate of Uber's evolution, fine, but I was making the point that a free market wouldn't mean the end of risk-taking and innovation. Even in a free market there may be capital providers willing to support a new business through its early losses if there were credible projections of eventual profitability and a decent return on capital. Moreover, The NAPsterhttps://www.blogger.com/profile/16631781625841157567noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-86899682001287065822017-11-11T20:45:43.049-05:002017-11-11T20:45:43.049-05:00Uber has been losing billions upon billions every ...Uber has been losing billions upon billions every year. That's just not doable without today's conditions. There would be no support for the staggering losses of these companies in a free market with normal interest rates. <br /><br />A free market wouldn't even have taxi cartels in the first place. So we would be left with a useful piece of software for an already established Jimmy Joe Meekerhttps://www.blogger.com/profile/09559104650594440766noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-11311728520160078792017-11-11T12:20:45.770-05:002017-11-11T12:20:45.770-05:00While I agree that there are many things that are ...While I agree that there are many things that are facilitated by the state's monetary policy which wouldn't exist otherwise, it's not true that everything we see is a result of that. Who's to say that Uber wouldn't exist in an unhampered (free) market? Its valuation might not be where it is without the Fed's monetary policy, but we could imagine technological developmentThe NAPsterhttps://www.blogger.com/profile/16631781625841157567noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-118622633403856612017-11-10T12:54:02.923-05:002017-11-10T12:54:02.923-05:00It is not about being inherently better but unders...It is not about being inherently better but understanding the value of capital. Human and physical. I am strictly referring to how state interference has created the condition that RW was remarking about. <br /><br />This idea that state interference elsewhere in the world that results in cheap products here doesn't have adverse effects here is just nonsense IMO. In part starts a chain of Jimmy Joe Meekerhttps://www.blogger.com/profile/09559104650594440766noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-12241369922958259342017-11-10T07:40:31.655-05:002017-11-10T07:40:31.655-05:00To be clear though, there is nothing inherently be...To be clear though, there is nothing inherently better about manufacturing things compared with providing services. As long as you are serving customers' voluntary preferences, both lines of work are equally valid in economic and moral terms. The real issue is whether a vendor is renting the state's coercive powers as part of his business. If so, that IS worthy of condemnation in both The NAPsterhttps://www.blogger.com/profile/16631781625841157567noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-51235392271771048382017-11-09T23:16:55.390-05:002017-11-09T23:16:55.390-05:00Can you blame them? In a world of baseless, ever e...Can you blame them? In a world of baseless, ever expanding money supplies, everyone wants easy money. Cryptos are making the easiest money right now. The millennials had to learn this outlook on life from somewhere. I mean, you know that everyone in Wall Street trading stocks truly cares about providing capital to the businesses that create our material wealth and aren't only motivated by AJOhttps://www.blogger.com/profile/18199742607749169526noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-71923863407372055382017-11-09T18:30:29.857-05:002017-11-09T18:30:29.857-05:00Since the 1970s at least people in the USA have be...Since the 1970s at least people in the USA have become increasingly disconnected from the manufacturing and the building of things. As stuff is made overseas to such a large degree the physical connection to it is lost. This is one of the consequences of present day trade policies where foreign government subsidized products displace domestically made ones. (this is not an argument for tariffs) <Jimmy Joe Meekerhttps://www.blogger.com/profile/09559104650594440766noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-67123510245065376012017-11-09T16:27:21.751-05:002017-11-09T16:27:21.751-05:00I'm disavowing libertarianism. Everyone should...I'm disavowing libertarianism. Everyone should be required to work road or building construction for to get a feel for how difficult it is to build our modern conveniences. And to hang with some "real people" for awhile. <br /><br />That's me on the left, 1975. <br /><br />http://tinyurl.com/y9gj7nv6<br /><br />It's also an example of the problems with capital goods under Bob Roddishttps://www.blogger.com/profile/17263804608074597937noreply@blogger.com