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Entry: Public Works--A New Era of State-Sponsored Depression Link: http://www.takimag.com/site/article/public_works_a_new_era_of_state_sponsored_depression#23391 Post contents: You‘ve not got a clue. You “Republicans“ and so-called “libertarians“ haven‘t got a clue about how the economy works. The problem is your “free market fundamentalism“---the absolute utopian fantasy that unfettered “free“ <snicker> markets reach an equilibrium if left to it‘s own devices. Combined with the Milton Friedman‘s “monetarism“ to fuel this idiocy to new heights of frenzy and fraud. What we have is booms and busts, bailed out by the FED cranking up the money making machine, or as some “gold standard“ fanatics call it, “inflation“… All you “free market fundamentalists“ have to show for 50 years of your “laissez faire“---also a joke---economics is the S&L;bailout, and the dot-con bailout, and now we have the real estate bubble bailout. Of course, all funded by selling American economic sovereignty to Arab Sheiks and Communist Chinese commissars. Or maybe I‘ve got it wrong…your essay is a joke…merely a satirical parody of the idiocy inevitable in the ramblings of Von Mises, Hayek and Ayn Rand. The only growing truly “capitalist” economy is in China and India, decidedly “unfree” repressive governments. So goes the “libertarian” notion that capitalism and freedom are inseparable. In fact, true “Laissez Faire’ works best in repressive governments…outlawing collective bargaining and large transfers of wealth from the labor of the many to the pockets of the insiders connected to the repressive state. Let’s rewrite “Animal Farm” with a “libertarian” <snicker> point of view…we are all “free”, but some of us are more “free” then others. Sent at: 2008 08 29