Socialism

[Fife]

I have a book on the topic but I don't think Fife's going to read it?

I read your stuff, Martin. I just have doubts about whether you would like to discuss critiques, &c. Which of your books are you talking about?

That was in jest but I am working on an economics book right now. I’ll let you know when I publish it.

Looking forward to it.

[Fife]

Another useless drive-by Fife-ing”

Lol................. that's some funny shit DB

How the haters and the losers think I get on my drive-by:



How I really drive-by:



:goteam: :drunk:

[Speaker to Animals]

More like this

[Fife]

Hurtful.

Could have at least chosen the General Lee or something.

[DBTrek]

Well, to be fair he picked an image with no roads, so I think he got the spirit of the thing right.

[DrYouth]

“Welllllll, instead of going down some economic rabbit hole let me repeat my initial claims and demand a new answer”

I mean I get it...

Government intervention messes with free markets... nice textbook charts to demonstrate this.

There are going to be the usual suspects... perverse incentives, market distortions etc.

But we have seen that these distortions can be managed and there can be substantial net benefits... there are demonstrations of success.

Insurance companies also lead to perverse incentives and market distortions and these can be worse than government programs...
These are simply other means of covering costs as a group that individuals find difficult to cover for relatively rare events...
I'm guessing the textbooks cover this also.

So listing the ways that government programs mess with free markets is instructive... but it does not, in and of itself, serve as an exclusion for mixing government programs with free markets... when there is good reason to do so.

[DBTrek]

But we have seen that these distortions can be managed and there can be substantial net benefits... there are demonstrations of success.

I’d add “net benefits” in place of “solutions”.

Genocide has net benefits, for everyone who isn’t dead. But that doesn’t make it ideal. You have to look long term at this stuff and decide which trade offs are sustainable and desirable, not simply at who benefits in the immediate aftermath.

We’re still paying big Agra to grow food and let it rot in warehouses because of policies that produced “net benefits” to small farms decades ago.

[heydaralon]

I believe we subsidize gasoline heavily in this country too, though that is something that benefits me as a heavy driver quite a bit. I've heard Europeans pay per litre what it costs us per gallon. Idk if that is still the case.

[Fife]

I believe we subsidize gasoline heavily in this country too, though that is something that benefits me as a heavy driver quite a bit. I've heard Europeans pay per litre what it costs us per gallon. Idk if that is still the case.

How much do you pay per gallon in tax? Enjoy your "heavy driver" benefit.

:goteam: :drunk:

[heydaralon]

I believe we subsidize gasoline heavily in this country too, though that is something that benefits me as a heavy driver quite a bit. I've heard Europeans pay per litre what it costs us per gallon. Idk if that is still the case.

How much do you pay per gallon in tax? Enjoy your "heavy driver" benefit.

:goteam: :drunk:

I seriously doubt my tax rate is even close approaching yours, so in my case, it works in my favor. I haven't done the math, so I have no idea how much I am taxed per gallon.

Just out of curiosity, has tom woods ever done a show on gas subsidies? If the subsidy was removed right now, how much do you think gas prices per gallon would jump? Do you think it would double? I do not really understand how the oil market works, or what sort of fuckery Saudi Arabia is doing, but I have thought about this before.