tag:blogger.com,1999:blog-1141932539860553199.post740660719484175046..comments2024-03-05T10:52:24.691+00:00Comments on Mark Wadsworth: Skateboard upgradeMark Wadsworthhttp://www.blogger.com/profile/07733511175178098449noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-1141932539860553199.post-91308474229328215472022-05-11T14:21:41.778+01:002022-05-11T14:21:41.778+01:00[but then set out achieves this by coercion and ul...[but then set out achieves this by coercion and ultimately always violence].<br /><br />It's the need to find the right people to do the coercing that generates the fallacy of the magic sieve, I suppose. It's the same problem as people who refuse to tolerate intolerance.Bayardhttps://www.blogger.com/profile/15211150959757982948noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-52237073022328548582022-05-11T13:21:10.025+01:002022-05-11T13:21:10.025+01:00Bayard. It's a bit more subtle than that. A ...Bayard. It's a bit more subtle than that. A subtle as T-72. You mnissed out a few key words, thusly<br /><br />"[One of] The [many unsolvable] problem[s] with socialism is that it combines a good idea, the the more fortunate should help the less fortunate in society [but then set out achieves this by coercion and ultimately always violence]....."Lolahttps://www.blogger.com/profile/04586735342675041312noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-86836909032014787412022-05-10T18:15:06.465+01:002022-05-10T18:15:06.465+01:00Jim Callaghan had a go on one all those years ago,...Jim Callaghan had a go on one all those years ago, and look waht happened to him!Scrobs.https://www.blogger.com/profile/12942449871600526680noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-86337529146454182642022-05-10T18:01:12.683+01:002022-05-10T18:01:12.683+01:00The problem with socialism is that it combines a g...The problem with socialism is that it combines a good idea, the the more fortunate should help the less fortunate in society, with a really bad one, that there is a magic sieve that you can pass through the population that will sieve out the good guys and put them in regulatory charge of the remaining bad guys.Bayardhttps://www.blogger.com/profile/15211150959757982948noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-25679543058389109422022-05-10T14:42:55.046+01:002022-05-10T14:42:55.046+01:00MW. That's the magic that Adam Smith was bang...MW. That's the magic that Adam Smith was banging on about. <br /><br />In my trade i already know and I'm in floods of tears - regulationism is destroying my clients wealth every second of every day.<br /><br />And we have excellent test beds. Hong Kong under J J Cowperthwaite v Venezuela under Chavez, e.g.Lolahttps://www.blogger.com/profile/04586735342675041312noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-67028955283511247962022-05-10T14:13:54.724+01:002022-05-10T14:13:54.724+01:00L, yes bankster-ism is a bad thing. As is regulati...L, yes bankster-ism is a bad thing. As is regulation-ism, Home-Owner-Ism, socialism, bureacracy and everything we moan about.<br /><br />But none of this seems to stop the onward march of 'nicer stuff for less effort'. It's like magic. Imagine what we could have achieved in the absence of all those ism's. I would weep if I knew.Mark Wadsworthhttps://www.blogger.com/profile/07733511175178098449noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-14248649998487303862022-05-10T14:09:56.984+01:002022-05-10T14:09:56.984+01:00Fed founded in 1913. Specifically to bail out ban...Fed founded in 1913. Specifically to bail out bankers at the public's expense. It's all gone downhill since...:-(<br /><br />Well, the value of GBP/USD etc etc has collapsed since 1945 / 1971.<br /><br />But yes, what's left of the free market has done exactly that. My favourite comparison is between and 1950's Ford Popular and a 2022 Ford Focus. Worlds apart technically. And both roughly the same price in real terms.<br /><br />Bloody Keynes and his inflation / unemployment trade off cobblers.<br />Lolahttps://www.blogger.com/profile/04586735342675041312noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-13687905120391835852022-05-10T13:21:52.193+01:002022-05-10T13:21:52.193+01:00L, hooray for free market competition and innovati...L, hooray for free market competition and innovation, as ever. That's why I put that bit in.<br /><br />But I'm not sure what the Fed has to do with this. Ignoring recent blip, over the last few decades there has been the same overall fall in prices/increase in quality for most things (if you measure prices in terms of average hourly wages). Except housing of course.Mark Wadsworthhttps://www.blogger.com/profile/07733511175178098449noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-641753954921569612022-05-10T12:57:58.912+01:002022-05-10T12:57:58.912+01:00'Now basically free'. Capitalism. Doing ...'Now basically free'. Capitalism. Doing more for less every day. Despite the best efforts of the collectivists/bureaucrats/bankers/Marxists/prodnosers etc etc.<br /><br />Apparently, I have read, that across the 19th Century prices halved, quality went up exponentially and real wages increased by about a factor of 4. Then we got The Fed, WW1 and the rise of bureaucratic welfarism...Lolahttps://www.blogger.com/profile/04586735342675041312noreply@blogger.com