Forums
New posts
Search forums
What's new
New posts
New media
New media comments
Latest activity
Classifieds
Media
New media
New comments
Search media
Log in
Register
What's New?
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Navigation
Install the app
Install
More Options
Advertise with us
Contact Us
Close Menu
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Forums
The Water Cooler
General Discussion
When does the idiot finally get it?
Search titles only
By:
Reply to Thread
This site may earn a commission from merchant affiliate links, including eBay, Amazon, and others.
Message
<blockquote data-quote="inactive" data-source="post: 1426862" data-attributes="member: 7488"><p>Krugman has a Noble Prize, but so does Friedman, and their views are pretty opposite of each other. The prize itself doesn't mean much aside from the guy having an idea - it doesn't necessarily mean the idea will go anywhere.</p><p></p><p>My biggest problem with Krugman is he ignores one of the basic facets of economics: People are not inherently 'good,' and they will do what it takes to get themselves ahead. Often at the expense of their neighbors. The idea of some sort of requiring some insurance, and that an insurance company cannot make a profit, undermines why the insurance companies even exist. Operating at a loss, or even no profit, violates even the most basic microeconomic principles.</p></blockquote><p></p>
[QUOTE="inactive, post: 1426862, member: 7488"] Krugman has a Noble Prize, but so does Friedman, and their views are pretty opposite of each other. The prize itself doesn't mean much aside from the guy having an idea - it doesn't necessarily mean the idea will go anywhere. My biggest problem with Krugman is he ignores one of the basic facets of economics: People are not inherently 'good,' and they will do what it takes to get themselves ahead. Often at the expense of their neighbors. The idea of some sort of requiring some insurance, and that an insurance company cannot make a profit, undermines why the insurance companies even exist. Operating at a loss, or even no profit, violates even the most basic microeconomic principles. [/QUOTE]
Insert Quotes…
Verification
Post Reply
Forums
The Water Cooler
General Discussion
When does the idiot finally get it?
Search titles only
By:
Top
Bottom