 Is Floyd Norris an idiot? |
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| Is Floyd Norris an idiot? |
 Jan 31 2008, 08:46 AM
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#1
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 Group: Admin Posts: 3,402 Joined: 23-February 06 From: PDX/TXL Member No.: 35  |
Floyd Norris is the chief financial correspondent for the New York Times and writes a blog.
This entry caught my eye: http://norris.blogs.nytimes.com/2008/01/31...nyt&emc=rss Is this guy retarded? Has he read Wealth of Nations? I don't think the book is a catch all for our economic problems but if John McCain understands how economies work a little better because he reads it, I'm all for it. -------------------- "There is a level of cowardice lower than that of the conformist: that of the fashionable non-conformist." |
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Jan 31 2008, 11:30 AM
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 From Atlantis to Interzone Group: Global Moderators Posts: 2,512 Joined: 23-February 06 From: Somewhere in space and time Member No.: 65 |
QUOTE (Hartmann @ Jan 31 2008, 08:46 AM)  Floyd Norris is the chief financial correspondent for the New York Times and writes a blog. This entry caught my eye: http://norris.blogs.nytimes.com/2008/01/31...nyt&emc=rss Is this guy retarded? Has he read Wealth of Nations? I don't think the book is a catch all for our economic problems but if John McCain understands how economies work a little better because he reads it, I'm all for it. The wealth of nations would be a pretty good book to read for anyone wanting to understand our economy, whether or not they intend to implement that advice. As I heard someone on the Daily Show say "Adam Smith laid the foundation for the house that's now getting repossessed." -------------------- QUOTE (Spectatrix @ Oct 13 2006, 09:51 PM) Holy shit, pebkac, you're awesome! "Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind." - Theodor Seuss Geisel (AKA Dr. Seuss) "An idea that is not dangerous is unworthy of being called an idea at all." - Oscar Wilde |
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Jan 31 2008, 11:50 AM
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#3
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Group: Members Posts: 519 Joined: 27-June 07 Member No.: 1,288 |
Anyone know where I can find a copy of Birth of a Nation?
-------------------- Fuckmuffin. That word and muffintop are the two coolest things I've ever seen on this place. What would happen if a fuckmuffin fucked a chick with a muffintop? That's a lot of muffins. A lot of motherfuffin muffuckins.
-TTULOW2 |
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Jan 31 2008, 12:01 PM
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#4
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Group: Admin Posts: 3,402 Joined: 23-February 06 From: PDX/TXL Member No.: 35 |
QUOTE (pebkac @ Jan 31 2008, 11:30 AM) The wealth of nations would be a pretty good book to read for anyone wanting to understand our economy, whether or not they intend to implement that advice. As I heard someone on the Daily Show say "Adam Smith laid the foundation for the house that's now getting repossessed." And I fundamentally disagree with the Daily Show's assessment (though it does show where most people pick up on this garbage). Nowhere in Wealth of Nations does Adam Smith elude to his thoughts being the way of doing things. In fact, I think we could blame a lot of what's happening on the lack of adherence to what Adam Smith prescribed. He never said that people should act for their own interest, he simply stated that there was nothing inherently wrong with it. Smith's other argument is against interference from outside forces (be it the government, religion, etc.) on the economy by intruding into people's ability to act on their own abilities. I don't see how either of those would have led to where we are today. -------------------- "There is a level of cowardice lower than that of the conformist: that of the fashionable non-conformist." |
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Jan 31 2008, 02:02 PM
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#5
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From Atlantis to Interzone Group: Global Moderators Posts: 2,512 Joined: 23-February 06 From: Somewhere in space and time Member No.: 65 |
QUOTE (Hartmann @ Jan 31 2008, 12:01 PM) And I fundamentally disagree with the Daily Show's assessment (though it does show where most people pick up on this garbage). Nowhere in Wealth of Nations does Adam Smith elude to his thoughts being the way of doing things. In fact, I think we could blame a lot of what's happening on the lack of adherence to what Adam Smith prescribed. He never said that people should act for their own interest, he simply stated that there was nothing inherently wrong with it. I think you're misunderstanding the quote. In fact the guest who made the quote was a libertarian. The point was that our economy is built on Adam Smith's ideas and what we've built on top of it isn't functioning properly. -------------------- QUOTE (Spectatrix @ Oct 13 2006, 09:51 PM) Holy shit, pebkac, you're awesome! "Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind." - Theodor Seuss Geisel (AKA Dr. Seuss) "An idea that is not dangerous is unworthy of being called an idea at all." - Oscar Wilde |
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Jan 31 2008, 02:23 PM
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#6
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Group: Admin Posts: 3,402 Joined: 23-February 06 From: PDX/TXL Member No.: 35 |
QUOTE (pebkac @ Jan 31 2008, 02:02 PM) I think you're misunderstanding the quote. In fact the guest who made the quote was a libertarian. The point was that our economy is built on Adam Smith's ideas and what we've built on top of it isn't functioning properly. You're right, I didn't interpret the quote that way. -------------------- "There is a level of cowardice lower than that of the conformist: that of the fashionable non-conformist." |
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