Geesh you two: as long as markets are allowed to freely adjust in a capitalistic system, it is a self correcting system.
Correct? Deficit spending is a threat that weakens a free market economy, and should be considered when voting/investing. But it's only when a government puts controls on a free market, that it threatens to collapse it. Can we agree on that? And that you are both right to the degree that you've argued opposite points that end up at this eventuality? > I'm aware the unexpected can happen. But I don't go around saying the > economy has failed because NY could get hit by an earthquake. > We just had two devastating hurricanes that should have destroyed our > teetering economy. That's not what happened. > > http://www.nytimes.com/2005/12/06/business/06cnd-econ.html > Productivity Rise Is Fastest in Two Years: > > Compared with the third quarter of 2004, productivity in the most > recent quarter grew at a rate of 3.1 percent, real hourly compensation > rose 1.2 percent and unit labor costs were up 1.8 percent, much closer > to the recent trend. > > Some economists noted that the report allays concerns about broader > inflation outside of the recent spike in energy prices, which in the > case of gasoline prices have already fallen back down. > > "What this tells us is in terms of the fundamentals the road looks > fine," said Brian Bethune, an economist at Global Insight, a research > firm. "It doesn't look like there are a lot of hazards on the way." > > Investors appeared to agree with that assessment; the Standard & > Poor's 500-stock index was up 9.60 points, to 1,271.68, around midday. > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Purchase Captivate from House of Fusion, a Macromedia Authorized Affiliate and support the CF community. http://www.houseoffusion.com/banners/view.cfm?bannerid=52 Message: http://www.houseoffusion.com/lists.cfm/link=i:5:186134 Archives: http://www.houseoffusion.com/cf_lists/threads.cfm/5 Subscription: http://www.houseoffusion.com/lists.cfm/link=s:5 Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5 Donations & Support: http://www.houseoffusion.com/tiny.cfm/54
