Tuesday, April 26, 2016

Timothy Taylor — Who's the Threat? Big Business, Big Labor, Big Government?

Convertible Economist
Who's the Threat? Big Business, Big Labor, Big Government?
Timothy Taylor | Managing editor of the Journal of Economic Perspectives, based at Macalester College in St. Paul, Minnesota

6 comments:

Andrew Anderson said...

Why no mention of the biggest threat* of all, the government privileged usury cartel, aka the "banks"?


*eg. the Great Depression, a major cause of WW II, was caused by the banks according to Ben Bernanke.

jazeboy said...

Wow I can't believe Americans actually believe this. How can big government that can regulate the banks be the threat when they actually saved the banks and the whole economy from collapse. Paranoid propaganda on a mass scale thanks a lot to Rupert Murdoch the criminal.

Andrew Anderson said...

How can big government that can regulate the banks be the threat when they actually saved the banks and the whole economy from collapse. jazeboy

Agree except it can be argued that government privileges for the banks are a major root of the problem in the first place. Why, for example, are citizens not allowed to deal with their nation's money, fiat, except in the form of physical fiat, aka "cash"? Why are we forced to deal through banks and other depository institutions since only they may have accounts at the central bank or else be limited to "stone knives and bearskins", physical fiat? Cui bono from this arrangement? Is it not the banks themselves and the rich, the most so-called creditworthy? And we wonder why we have serious economic instability and run-away wealth inequality?

Yes, government action (including debt relief that does not disadvantage non-debtors) is seriously needed at this juncture but let us please be mindful that monetarily sovereign governments have been seriously derelict wrt to providing convenient, inherently risk-free accounting and transaction services in fiat for everyone and not just for banks and other depository institutions.

Tom Hickey said...

How can big government that can regulate the banks be the threat when they actually saved the banks and the whole economy from collapse.

I think the way they did has pissed a lot of people off.

jazeboy said...

Andrew & Tom very valid points it's just sad/criminal that's where we are at in the world right now.

Webb Rowan said...

I think in every country that you have stepped foot on, the government becomes the biggest threat. This is because they always have the ultimate power to make any decisions regarding any given situations. Things could go erratic especially when issues of business operations and finances are concerned and the government becomes the middleperson.