Economics Questions

Re: John Stossel 1/14/2010 Crony Capitalism/Corporatism

Cabal — Sun, 14 Feb 2010 07:44:54 GMT

Capital Pumper:

There was not one mention of the broken window fallacy in that video. Unbelievable.

Lol, that's what I was thinking too. I was sitting there just waiting for it to come up, but it never did.

Still a good video though. Always enjoyed John Stossel's investigative reporting.

Re: John Stossel 1/14/2010 Crony Capitalism/Corporatism

DBratton — Sun, 14 Feb 2010 05:06:09 GMT

FYI: All of the recent Stossel segments are available at video.foxbusiness.com .

Re: John Stossel 1/14/2010 Crony Capitalism/Corporatism

Clayton — Sun, 14 Feb 2010 04:26:34 GMT

Jon Irenicus:

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"A good connection to government is the best asset a company can have, increasingly as government plays a larger role in the economy." - Tim Carney

Awesome quote! In fact, maybe this could be the foundation for a cynical investment strategy during periods of rapid public sector expansion (I wonder how much this consideration plays a role in the so-called "Oracle of Omaha"s investment strategy, especially in light of his recent acquisition of a heavily regulated train company...)

Clayton -

Re: John Stossel 1/14/2010 Crony Capitalism/Corporatism

Caley McKibbin — Sun, 14 Feb 2010 03:32:47 GMT

You have to give Stossel credit if this stays on. Few people have ever succeeded in keeping a political show with an obvious slant on air.

Re: John Stossel 1/14/2010 Crony Capitalism/Corporatism

Jackson LaRose — Sun, 14 Feb 2010 02:53:41 GMT

How refreshing, only a minimal of partisan BS. The rest was quite good.

Re: John Stossel 1/14/2010 Crony Capitalism/Corporatism

John Jensen — Sun, 14 Feb 2010 02:36:13 GMT

I saw it for the first time last night and it was great! I guess it will be cancelled soon then, ha.

Re: John Stossel 1/14/2010 Crony Capitalism/Corporatism

Joe — Fri, 12 Feb 2010 23:12:01 GMT

last nights episode was on the road to serfdom, Hayek was even mentioned twice and quoted once.

Re: John Stossel 1/14/2010 Crony Capitalism/Corporatism

Capital Pumper — Sat, 23 Jan 2010 00:55:27 GMT

There was not one mention of the broken window fallacy in that video. Unbelievable.

Re: John Stossel 1/14/2010 Crony Capitalism/Corporatism

Juan — Fri, 22 Jan 2010 22:05:21 GMT

Well, it would be nice if Stossel also talked about the most corrupt and criminal protected industry on earth, the military-industrial complex/arms manufacturers.

He could also comment further on the banking mafia and other big. protected business (admittedly he mentions banking at the beginning of the video).

Re: John Stossel 1/14/2010 Crony Capitalism/Corporatism

Joe — Fri, 22 Jan 2010 19:14:35 GMT

http://video.foxbusiness.com/v/3981445/requiring-trucks-to-use-natural-gas/?playlist_id=87185

http://video.foxbusiness.com/v/3981431/is-energy-independence-a-hoax/?playlist_id=87185

http://video.foxbusiness.com/v/3981426/pickens-energy-plan-broken-window-boondoggle---/?playlist_id=87185

Re: John Stossel 1/14/2010 Crony Capitalism/Corporatism

Joe — Fri, 22 Jan 2010 19:12:58 GMT

last year Stossel made a 10.000 dollar bet with him about the price of oil. He originally offered that the price of oil would not be above $100/barrel by Jan 1, but PIckens made him move the date to his birthday which is at the end of May

Re: John Stossel 1/14/2010 Crony Capitalism/Corporatism

David Sherin — Fri, 22 Jan 2010 19:07:18 GMT

Joe:
He had Boone Pickens on last night and attacked him over why do you need my money to build wind tunnels, and such.

Is there a link to that somewhere online? I'd love to see Stossel take on Pickens.

Re: John Stossel 1/14/2010 Crony Capitalism/Corporatism

DD5 — Fri, 22 Jan 2010 18:56:09 GMT

I think using the terms "Crony Capitalism or Corporatism" is a serious strategic mistake. They don't, by themselves, reveal anything abut the nature of things behind them. They could be (and most of the time are) taken for just words to describe the out of control unregulated market.

We have better and more accurately revealing terms in our lexicon. Mises himself used them or even coined them:

Interventionism, The Hampered Market, The Sabotaged Market.

Must we always play right into the hands of the interventionists and socialists?

Re: John Stossel 1/14/2010 Crony Capitalism/Corporatism

Joe — Fri, 22 Jan 2010 18:48:30 GMT

He had Boone Pickens on last night and attacked him over why do you need my money to build wind tunnels, and such.

He has also taken on global warming and health care and did an episode on Atlas Shrugged.

John Stossel 1/14/2010 Crony Capitalism/Corporatism

Jon Irenicus — Fri, 22 Jan 2010 18:33:43 GMT

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