PeakTrader.com

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PeakTrader:

“Managed capitalism” has a much better track record in facilitating growth and creating stability, simultaneously (to raise living standards at a much faster rate), than free market capitalism, at least since the Roman Empire.

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The Neoclassical Synthesis (when used properly) moved the economy towards optimization.

Neoclassical synthesis: “Mainstream economics…Keynesian in macroeconomics and neoclassical in microeconomics.”

Keynes: “His vision was one of reformed capitalism, managed capitalism — capitalism saved both from socialism and from itself…The bulk of decision making would remain with the decentralized market rather than with the central planner.”

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An indirect and direct policy by the Obama Administration to make others pay unnecessarily.

My favorite example is Cash-for-Clunkers, when the Obama Administration paid people with their own money to destroy their cars.

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And, of course, used car prices went through the roof.

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PeakTrader:

Weather and regional differences (for example, I doubt much corn is grown in California) may show causality.

However, in Afghanistan, drug crops replaced food crops (the most fertile land is used to grow cannabis crops, which farmers earn three times as much, on average), and yet Afghanistan receives substantial foreign food aid.

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Factually correct:

Afghanistan’s New Bumper Drug Crop: Cannabis
Time
Apr. 01, 2010

“Afghanistan is using some of its best land to grow cannabis,” says Antonia Maria Costa, director of the U.N. drug office in Vienna. “If they grew wheat instead, insurgents would not have money to buy weapons and the international community would not have to spend hundreds of millions of dollars on food aid.”…Farmers can earn about three times as much money growing cannabis as growing wheat.”

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