Skip to main content

View Diary: Dean Baker: How much unemployment was caused by Reinhart & Rogoff (74 comments)

Comment Preferences

  •  Surely you understand the police officer (0+ / 0-)

    takes his pay and purchases housing, food, entertainment, and donuts.   The donut shop takes the money and buys equipment, lights, flour and sprinkles.  The sprinkles company buys labor, and then union busting thugs.  The thugs go out and buy baseball bats and chains and late model american sedans and braces for the kids teeth.......
    Money moves through the economy in this way.  Unless it hits the top of the pyramid, the 1% of the 1%, who generally hoarde it.  But the cop, the cop spends .

    These capitalists generally act harmoniously and in concert to fleece the people, and now that they have got into a quarrel with themselves, we are called upon to appropriate the people's money to settle the quarrel. Abraham Lincoln

    by Nailbanger on Fri Apr 26, 2013 at 10:29:42 PM PDT

    [ Parent ]

    •  Re (1+ / 0-)
      Recommended by:
      nextstep

      Look at the other link I posted about the Broken Window fallacy. That's all you're suggesting here.

      It's not that I don't think what cops do is valuable. I'd just prefer to hire as few of them as I reasonably can. Any more than that is a waste.

      (-5.50,-6.67): Left Libertarian
      Leadership doesn't mean taking a straw poll and then just throwing up your hands. -Jyrinx

      by Sparhawk on Fri Apr 26, 2013 at 10:34:13 PM PDT

      [ Parent ]

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site