Thriving Norways provides economics lesson

Thought this would be of some interest to our costive socialists and blue-eyed freemarketeers ...

http://www.nytimes.com/2009/05/14/business/global/14frugal.html?em

Originally posted by Bosse de Nage
Thought this would be of some interest to our costive socialists and blue-eyed freemarketeers ...

http://www.nytimes.com/2009/05/14/business/global/14frugal.html?em

Originally posted by eljefejesus
A basic economic course... or on personal finances... or on international economics... or life... could all be a source of that same lesson... saving pays off in the long-run. Borrowing and spending habits can leave one vulnerable to the normal movements of the markets (including credit markets).

That is a lesson taught by many nations that save vers ...[text shortened]... w and spend. This does not really present arguments for any political views that you mentioned.

That's the difference between Norway and Mexico. Both are sitting on top of lots of oil, but while the Norwegians save it and invest it, the Mexicans use it to pay the fat paychecks of their lazy, corrupt bureaucrats.

I wonder what Venezuela and Saudi Arabia do with their oil money.

Originally posted by Bosse de Nage
Thought this would be of some interest to our costive socialists and blue-eyed freemarketeers ...

http://www.nytimes.com/2009/05/14/business/global/14frugal.html?em

Originally posted by rwingett
If we are to be stuck with capitalism for the foreseeable future, the Scandinavian countries (not just Norway) are a template for how to best go about it. Democratic socialism, with capitalism on a very tight leash, is clearly the way to go. The recent financial meltdown has been a decisive repudiation of the laissez-faire crowd and their emphasis on priva ...[text shortened]... they end up on the trash bin of history along with feudalism and the 'divine right of kings.'

Originally posted by rwingett
Milton Friedman is dead and so are his misguided ideas. May they end up on the trash bin of history along with feudalism and the 'divine right of kings.'

Originally posted by Palynka
And along with communism.

Originally posted by generalissimo
especially communism.

Originally posted by Palynka
You think feudalism was better?

Originally posted by generalissimo
it didn't kill as many.

Originally posted by generalissimo
it didn't kill as many.

Originally posted by KazetNagorra
How do you know?

Originally posted by rwingett
It was only because of inferior technology and not from lack of trying.

Originally posted by generalissimo
I haven't head of any purges or mass killings back then.