Thursday, March 31, 2011


You think it unfair that so much money goes to pay interest? Unfair?

Well, I can't say you're wrong. It's your opinion and you're entitled to it.

But it is a weak argument. Argument based on opinion is weak. That's my opinion.

// See what I mean?

If existing policy relies on the increasing concentration of wealth and income, as Reaganomics does, then your strong argument is not that it is unfair, but that it is unsustainable. Obviously, concentration cannot continue beyond 100%.

The practical limits are lower, of course. And the moment those limits are reached, the whole system crumbles. As we have seen.

Look: If you think it's unfair, you are probably working toward the same economic goal as me. But you're not gonna win with a weak argument. You need to use the same kind of arguments that your opponents use: strong economic arguments.

Oh, and one more thing: You don't get to where you want to be by picking and choosing facts that fit your goal. That's what the other guys do. You get where you want to be, by accepting all the things that make sense. And then, prioritize them. The goal is to understand the economy.

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