Re: Congressman Paul Hodes Asks A Question

liberty student — Thu, 07 May 2009 03:02:53 GMT

I wouldn't use the "business cycle". I would call it "the marketplace".

Where individuals come together to trade voluntarily.

The last time you use supply and demand, I might instead use "rational human action".

Reminding him that he is not smarter than all of his constituents might be a good idea, but it has to be phrased politely and non-confrontationally.

Like, "As you know, it is impossible for anyone, even you, to be able to direct economic action better than the people engaging in trade" or something like that.

For what it is worth, hope that helps.

Re: Congressman Paul Hodes Asks A Question

Connie — Thu, 07 May 2009 02:57:49 GMT

Number 1 shoud read

1. Help Small Businesses buy capital for producing products and

Congressman Paul Hodes Asks A Question

Connie — Thu, 07 May 2009 02:56:25 GMT

Here is what one of my congressman asks.

May 6, 2009

Dear Fellow Granite Stater,

As we work to get our economy back on track, I want to hear from you and listen to your ideas on what investments Congress should make to help protect and create jobs. Please take just a moment to answer the question below and let me know how you think we can continue to improve our economy.

He follows with a check off set of answers. Two of the answers I feel are close to being OK

1. Help Small Businesses by capital for producing products and

2. Reduce the Deficit

however I elected to check off the answer that sussgested none of the above.

Instead, I answered his question as follows.

You ask questions. I will give you answers.

You suggest that "we" can somehow improve our economy. The word "We" ostensibly refers to our country's leadership in the White House and in Congress. In other words "we" refers to the Government. Over the course of history, it has been proven that government intervention helps destroy wealth. It destabilizes the economy. The point is you ... as part of the Government trying to intervene ... are destroying our economy. Nothing you can in terms of stimulus funding, your helping banks get to a point of liquidity, your creating jobs, your making our environment better, will do anything to prevent your destroying the economy.

Paul, you must realize that economics is not difficult to understand. Recognize that economics is based upon human interactions and their needs (demand) and the fruits of their labor (supply). Those interactions are governed by something called the business cycle. They are not governed by the White House! They are not governed by the Congress. If you were to accept a simple lesson and begin to understand the business cycle you would be convinced that there is no role in it for government intervention.

To be blunt as well as perfectly clear, here's a simple answer ... Stop Intervening and let the the laws of supply and demand dictate what happens to the economy.

I am somewhat hesitant to post this message as I am new to the study of our economy. Maybe I am not as smart as I think I am. I would apprecaite comment, however, inasmuch as I respect the ideas, the philosophy and importantly, the underlying logic that resonantes in almost al the Daily Articles posted by the MIses Institute.

Economics Questions

Re: Congressman Paul Hodes Asks A Question

Re: Congressman Paul Hodes Asks A Question

Congressman Paul Hodes Asks A Question