On May 15, 7:36*pm, wrote:
On Fri, 15 May 2009 16:30:07 -0700 (PDT), Gary Forbis

wrote:
On May 15, 3:19*pm, "
wrote:
On May 15, 9:02*am, Gary Forbis wrote:
Milton Freidman coined the phrase "there's no such thing as a free
lunch." *I live by that phrase. *Milton Friedman's other philosophies
screwed up several economies. *

That assumption has long ago been proved false by social economists.

The assumption that people are rational and act in their best
interests is demonstrably false.

Read for example:

"Predictably Irrational"http://www.amazon.com/Predictably-Irrational-Hidden-Forces-Decisions/...

Read also:
Sway: The Irresistible Pull of Irrational Behaviorhttp://www.amazon.com/Sway-Irresistible-Pull-Irrational-Behavior/dp/0...

People can be expected to act irrationally - and with knowledge you
can predict when and how and take advantage of it - producing the
"free lunch".

These new emerging findings are blowing common economic thought out of
the water. People are not rational and do not pursue their best
interests. They can be and are manipulated against their own economic
interests.

And so, to replace the free will and irrational exhuberance of free
choice, rational or irrational, you expect to replace it with what?

0baMa0 Tse Dung - bwaHAHAHAHAHAHAHAHA...!!!

Road to Serfdom = LIBERAL FASCISM SOCIALISM COMMUNISM - make
everyone Serfs of the State.
Welcome to North Korea!

On May 15, 5:36*pm, wrote:
On Fri, 15 May 2009 16:30:07 -0700 (PDT), Gary Forbis

wrote:
On May 15, 3:19*pm, "
wrote:
On May 15, 9:02*am, Gary Forbis wrote:
Milton Freidman coined the phrase "there's no such thing as a free
lunch." *I live by that phrase. *Milton Friedman's other philosophies
screwed up several economies. *

That assumption has long ago been proved false by social economists.

The assumption that people are rational and act in their best
interests is demonstrably false.

Read for example:

"Predictably Irrational"http://www.amazon.com/Predictably-Irrational-Hidden-Forces-Decisions/...

Read also:
Sway: The Irresistible Pull of Irrational Behaviorhttp://www.amazon.com/Sway-Irresistible-Pull-Irrational-Behavior/dp/0...

People can be expected to act irrationally - and with knowledge you
can predict when and how and take advantage of it - producing the
"free lunch".

These new emerging findings are blowing common economic thought out of
the water. People are not rational and do not pursue their best
interests. They can be and are manipulated against their own economic
interests.

After 12 years of Obama this country will be so dumbed down they'll
think that **** is ice cream. Free health care will be no health
care.
All deviant behavior will be the norm by definition.
You wanted change? You got it. Enjoy yourself.

On May 15, 8:02*am, Gary Forbis wrote:
On May 15, 5:27*am, wrote:

The late, great Milton Friedmanhttp://www.ideachannel.tv/
in his classic book prophetically revealed how 0baMa0's reckless
monetary policies will cause hyperinflation and destroy our nation
https://www.newsmaxstore.com/nm_mag/...MO_CODE=7FD4-1

Milton Freidman coined the phrase "there's no such thing as a free
lunch."
I live by that phrase. *Milton Friedman's other philosophies screwed
up
several economies. *People are worried about hyperinflationhttp://catalog.usmint.gov/webapp/wcs/stores/servlet/CategoryDisplay?c...

* *Production of United States Mint American Eagle Gold Proof
* *and Uncirculated Coins has been temporarily suspended because
* *of unprecedented demand for American Eagle Gold Bullion Coins.

Bush's administration more than doubled the money base during
his last year in office. *Production didn't double, infact the economy
was contracting. *I wonder where the money is going that we don't
already have huge inflation. *None the less, I don't blame Obama
for this problem. *Government spending itself doesn't cause inflation.
Inflation is too much money chasing too few goods. *If the money
isn't chasing the goods there won't be inflation.

US productive capacity has been sidelined. *It's being dismantled.
There isn't enough money in the system to support our production.
As long as we are in a global system where other nations do not
value their labor our labor will be devalued. *There's no free lunch.

We are becoming a third world nation. *The Reagan era is ending.
Milton Friedman was wrong about just about everything except
there is no free lunch.

How can that be when the U.S. economy is far, far and away larger than
ANY third world country by far far far.

0baMa0 Tse Dung has expanded government spending faster in the first
six months of his diktatorship than President Bush did during his 8
(eight) year presidency. Irrational 0baMa0 exhuberance has erased many
brain cells.

The U.S. economy is till today, right now, this moment, larger than
the E.U. Larger than China. Larger than India.
AND almost larger than China and India COMBINED! That's over
3,000,000,000 people competing with 300,000,000 people.
That is a factor of 10:1! AND to top it all off, the U.S. blows China
and India, any third world nation, out of the water in energy
efficiency.
China produces more green house gases per GDP than the U.S. by far, BY
FAR.

Don't tell the Liberal Fascisti Socialist Greenies that their anti-
Capitalist propaganda lies are a well known facade.
They are anti-American, anti-Freedom and Pro Neo-Commie.

There is not one successful Socialist/Communist economy in the history
of the world. The Neo-Commies can never erase this fact:
http://www.globalmuseumoncommunism.org/

There is a very good reason why people risk, and have lost their lives
in attempts to escape Liberal Fascist/Socialist/Communist regimes the
world over.
Nazi Germany,USSR, Cuba, China, North Korea, Burma, Vietnam, Laos,
Cambodia,...

Free Markets = Free Choice = FREEDOM! Neo-Commies can never compete
with that!

CORRECTION:
0baMa0 Tse Dung has expanded government spending faster in the first
8 weeks of his diktatorship than President Bush did during his 8
(eight) year presidency.

wrote:
The late, great Milton Friedman http://www.ideachannel.tv/
in his classic book prophetically revealed how 0baMa0's reckless
monetary policies will cause hyperinflation and destroy our nation
https://www.newsmaxstore.com/nm_mag/...MO_CODE=7FD4-1

Milton Friedman? Give me a break. The man should be in Hell with
Chairman Mao.

On May 15, 8:06*am, dave wrote:
wrote:
The late, great Milton Friedmanhttp://www.ideachannel.tv/
in his classic book prophetically revealed how 0baMa0's reckless
monetary policies will cause hyperinflation and destroy our nation
https://www.newsmaxstore.com/nm_mag/...MO_CODE=7FD4-1

Milton Friedman? *Give me a break. *The man should be in Hell with
Chairman Mao.

both gary and dave are correct, the man was a one man wrecking crew,
who destroyed the demand(wages)of the western worker. today we are
reaping what he and other quacks and cranks, have sown.
he destroyed the economy of the u.k., ireland, iceland, the baltics,
russia, almost all of south and central america, new zealand, really,
almost the entire world. now its even hitting us.
we are in a deflationary spiral, and it will be a miracle if we can
avoid a out right depression. a deflationary spiral is wage deflation,
which translates into plummeting demand, something all of miltons
polices have led us to.
milton destroyed the dollar.


squawk hyper-inflation hyper-inflation, except, when you are in a
wage deflation spiral(plummeting demand, demand is driven by wages):
U.S. consumer prices unchanged in April, sluggish consumer demand
limited companies' pricing power


even gas is up quite a bit, but it still does not matter. deflation
must be roaring in america for prices to be flat when energy is up so
much.
it bodes ill for the new energy bubble though, demand is falling for
their products. pretty soon the idiots will have to sell their assets
for cash to pay their bills, then oil and gold will plummet again.



http://finance.yahoo.com/news/US-con...&asset=&ccode=

U.S. consumer prices unchanged in April
• On Friday May 15, 2009, 8:54 am EDT

WASHINGTON (Reuters) - U.S. consumer prices were unchanged in April as
expected, but recorded their largest 12-month drop since 1955,
government data showed on Friday, as sluggish consumer demand limited
companies' pricing power.

The Labor Department said its closely watched Consumer Price Index was
flat after falling 0.1 percent in March. Compared to the same period
last year, consumer prices fell 0.7 percent, the biggest 12-month
decline since June 1955. In March, the year-over-year CPI rate fell
0.4 percent.
Core prices, which exclude food and energy items, rose a faster 0.3
percent versus a 0.2 percent increase in March. That compared to
analysts' prediction for a 0.1 percent increase. Core prices rose 1.9
percent year over year after a 1.8 percent rise in March.
Energy prices fell 2.4 percent after dropping 3.0 percent the previous
month. The food index fell 0.2 percent in April, the largest drop
since May 2002 and the third straight monthly decline.
(Reporting by Lucia Mutikani, Editing by Andrea Ricci)

"dave" wrote in message
m...
wrote:
The late, great Milton Friedman http://www.ideachannel.tv/
in his classic book prophetically revealed how 0baMa0's reckless
monetary policies will cause hyperinflation and destroy our nation
https://www.newsmaxstore.com/nm_mag/...MO_CODE=7FD4-1

Milton Friedman? Give me a break. The man should be in Hell with
Chairman Mao.

There's a Haitian saying: "He who lays down with dogs gets up with fleas"
and a Dutch saying "Mix with the slops and you'll be fed to the hogs" IMO
these sum
up the end result of globalization nicely (as I perceive it). First world
countries will be dragged down to the
level of the third world.

On May 15, 8:59*am, "They call me Trinity"
wrote:
"dave" wrote in message

m...

wrote:
The late, great Milton Friedmanhttp://www.ideachannel.tv/
in his classic book prophetically revealed how 0baMa0's reckless
monetary policies will cause hyperinflation and destroy our nation
https://www.newsmaxstore.com/nm_mag/...MO_CODE=7FD4-1

Milton Friedman? *Give me a break. *The man should be in Hell with
Chairman Mao.

There's a Haitian saying: "He who lays down with dogs gets up with fleas"
and a Dutch saying "Mix with the slops and you'll be fed to the hogs" IMO
these sum
up the end result of globalization nicely (as I perceive it). *First world
countries will be dragged down to the
level of the third world.

correct, you cannot ignore the destruction of wages because you are
competing with slave and sweatshop labor, on top of all of the
environmental destruction. sooner or later the wage destruction will
come home to roost and demand plunges.
how the market fundamentalists can still have a feverish grip on the
world is beyond me, they have been complete failures, and have driven
just about every country into bankruptcy.
free trade is dead, its dying as we speak, yet, the g-20 just meet,
got down on their hands and knee's, and are still barking and braying
about the wonders of the free market, and pledging themselves openly
to adhere to the religion, simply amazing.

On May 15, 7:27*am, wrote:

*free trade is dead, its dying as we speak, yet, the g-20 just meet,
got down on their hands and knee's, and are still barking and braying
about the wonders of the free market, and pledging themselves openly
to adhere to the religion, simply amazing.

After all that has happened I still believe we are best served by free
trade in fair markets. Our economic and military safety is best
served
by shared interests of the masses and control of the power elite in
every nation.

In my younger years I underestimated the impacts of cultural norms
and the time it takes to change them. I wonder how many really hear
Obama's UofA speech, especially the parts about standards of success.
I wonder how many around the world dream of one day becoming the
oppressor rather than the opressed, not thinking about the alternative
where none are oppressed.

I still think that when China come fully on line things will start
getting
better even if there are other holdouts. The problem is to find a way
to bring them on line without destroying the habitat for humans.

On May 15, 9:58*am, Gary Forbis wrote:
On May 15, 7:27*am, wrote:

*free trade is dead, its dying as we speak, yet, the g-20 just meet,
got down on their hands and knee's, and are still barking and braying
about the wonders of the free market, and pledging themselves openly
to adhere to the religion, simply amazing.

After all that has happened I still believe we are best served by free
trade in fair markets. *Our economic and military safety is best
served
by shared interests of the masses and control of the power elite in
every nation.



a complete fairy tale. the exact opposite has happened.


In my younger years I underestimated the impacts of cultural norms
and the time it takes to change them. *I wonder how many really hear
Obama's UofA speech, especially the parts about standards of success.
I wonder how many around the world dream of one day becoming the
oppressor rather than the opressed, not thinking about the alternative
where none are oppressed.


in a free market, you are free to do as you please, and that is just
what happened to us. we are living the nightmare of freedom for the
few.


I still think that when China come fully on line things will start
getting
better even if there are other holdouts. *The problem is to find a way
to bring them on line without destroying the habitat for humans.

holdouts, just about every country in the world is back peddling from
free trade as fast as they can to save what little wealth they have
left.