<?xml version="1.0" encoding="UTF-8"?><rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
		>
<channel>
	<title>Comments on: The Economic Crisis is Only a Symptom</title>
	<atom:link href="http://www.economicnoise.com/2010/02/20/the-economic-crisis-is-only-a-symptom/feed/" rel="self" type="application/rss+xml" />
	<link>http://www.economicnoise.com/2010/02/20/the-economic-crisis-is-only-a-symptom/</link>
	<description>Economics, Finance and Politics Through The Prism of Classical Liberalism</description>
	<lastBuildDate>Thu, 09 Feb 2012 01:47:38 +0000</lastBuildDate>
	<sy:updatePeriod>hourly</sy:updatePeriod>
	<sy:updateFrequency>1</sy:updateFrequency>
	<generator>http://wordpress.org/?v=3.3.1</generator>
	<item>
		<title>By: tampa doctor</title>
		<link>http://www.economicnoise.com/2010/02/20/the-economic-crisis-is-only-a-symptom/comment-page-1/#comment-702</link>
		<dc:creator>tampa doctor</dc:creator>
		<pubDate>Thu, 04 Mar 2010 22:30:14 +0000</pubDate>
		<guid isPermaLink="false">http://www.economicnoise.com/?p=8895#comment-702</guid>
		<description>I do not think the administration knows how to address the budget deficit problem in the long term. And no one should expect that there would be a genius somewhere who can gaze in a crystal ball and produce an answer. Obama is trying to get the best answer by having people of both sides come and enrich the discussion so that the conclusions are well thought out. Let&#039;s wait for the recommendations before announcing a verdict on whether the commission produces nothing. Saying it will not from the beginning is getting defeated before even starting. Also the demand that spending cuts should be done before any commission is formed is strange. The question of how to keep budget deficits controlled in the long run is different than what to do immediately. After a credit crises of the magnitude seen, it would be foolish to cut to balance the budget when the entire economy is on the precipice. So the short term answer is to get the economy on its feet. The long term answer has to be something other than continue spending at this rate. And hence the commission to determine how to get off the spending drug in the long term.</description>
		<content:encoded><![CDATA[<p>I do not think the administration knows how to address the budget deficit problem in the long term. And no one should expect that there would be a genius somewhere who can gaze in a crystal ball and produce an answer. Obama is trying to get the best answer by having people of both sides come and enrich the discussion so that the conclusions are well thought out. Let&#8217;s wait for the recommendations before announcing a verdict on whether the commission produces nothing. Saying it will not from the beginning is getting defeated before even starting. Also the demand that spending cuts should be done before any commission is formed is strange. The question of how to keep budget deficits controlled in the long run is different than what to do immediately. After a credit crises of the magnitude seen, it would be foolish to cut to balance the budget when the entire economy is on the precipice. So the short term answer is to get the economy on its feet. The long term answer has to be something other than continue spending at this rate. And hence the commission to determine how to get off the spending drug in the long term.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Monty Pelerin</title>
		<link>http://www.economicnoise.com/2010/02/20/the-economic-crisis-is-only-a-symptom/comment-page-1/#comment-602</link>
		<dc:creator>Monty Pelerin</dc:creator>
		<pubDate>Sun, 21 Feb 2010 20:36:34 +0000</pubDate>
		<guid isPermaLink="false">http://www.economicnoise.com/?p=8895#comment-602</guid>
		<description>Bill,
A very thoughtful post. The minor complaint I might have is the use of the word &quot;democracy.&quot; Our founders provided us a Republic. They knew the dangers of democracy.</description>
		<content:encoded><![CDATA[<p>Bill,<br />
A very thoughtful post. The minor complaint I might have is the use of the word &#8220;democracy.&#8221; Our founders provided us a Republic. They knew the dangers of democracy.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: bill greene</title>
		<link>http://www.economicnoise.com/2010/02/20/the-economic-crisis-is-only-a-symptom/comment-page-1/#comment-599</link>
		<dc:creator>bill greene</dc:creator>
		<pubDate>Sun, 21 Feb 2010 19:24:08 +0000</pubDate>
		<guid isPermaLink="false">http://www.economicnoise.com/?p=8895#comment-599</guid>
		<description>There certainly have been clear cyles in history where nations grew, prospered and then declined. The Founders designed our Constitution by examining such past examp-les and making use of governing practises that worked and avoiding or setting up roadblocks to avoid practices that failed. The Federalist papers illustrate this by their many references to detailed systems of past Republics that deserved to be copies or avoided. They basically looked at history by the &quot;case method&quot; somewhat as it is used today in Business Schools. 

By referring constantly to real world practises where results, either good or bad,  have been demonstrated, one can view the laboratory of history and discover enduring truths. That is how our Constituion was created--and it worked--and the lessons from many past governing experiments have stood the test of time. That is why it is not to be considered &quot;flexible&quot; and should not be interpreted loosely to accomodate current fads. 

I have used this same case method to examine the thread of progress in mankind&#039;s advance over the last 3,000 years. If you simply look for the few locales where economic progress occurred and a degree of prosperity became widespread in a society you can see how rare and short-lived such crucibles of progress were. Autocrats were everywhere and bever slept. Wherever they managed societies from on high they managed to stifle the genius of their people.  But most start-up nations with small governments and a minimum aristocracy allowed economic freedom that encouraged and rewarded the initiative of their people. In such places--like Phoenicia, ancient Greece and Republican Rome, prosperity blossomed. It was only centuries later, with expanded government and new elites that these societires faltered.

Some benevolent rulers maintained their power but gave free rein to entrepreneurs and merchants and this combination worked fairly well until the American colonies proved that democracy, very small government, and the escape from European aristocracies was ther best model for widespread prosperity. That condition has been gradually eroded in America as a new elite aristocracy has assumed control of our schools, governments and major institutions. That trend combines with a victim-dependent populace weaned onto government hand outs to destroy the foundations and twist the Constituion into a shambles.  

Treating the Constitution as a &quot;living&quot; document that can be adjusted to meet the socialist theories of the new radical elites could kill the American experiment in freedom and liberty for all.</description>
		<content:encoded><![CDATA[<p>There certainly have been clear cyles in history where nations grew, prospered and then declined. The Founders designed our Constitution by examining such past examp-les and making use of governing practises that worked and avoiding or setting up roadblocks to avoid practices that failed. The Federalist papers illustrate this by their many references to detailed systems of past Republics that deserved to be copies or avoided. They basically looked at history by the &#8220;case method&#8221; somewhat as it is used today in Business Schools. </p>
<p>By referring constantly to real world practises where results, either good or bad,  have been demonstrated, one can view the laboratory of history and discover enduring truths. That is how our Constituion was created&#8211;and it worked&#8211;and the lessons from many past governing experiments have stood the test of time. That is why it is not to be considered &#8220;flexible&#8221; and should not be interpreted loosely to accomodate current fads. </p>
<p>I have used this same case method to examine the thread of progress in mankind&#8217;s advance over the last 3,000 years. If you simply look for the few locales where economic progress occurred and a degree of prosperity became widespread in a society you can see how rare and short-lived such crucibles of progress were. Autocrats were everywhere and bever slept. Wherever they managed societies from on high they managed to stifle the genius of their people.  But most start-up nations with small governments and a minimum aristocracy allowed economic freedom that encouraged and rewarded the initiative of their people. In such places&#8211;like Phoenicia, ancient Greece and Republican Rome, prosperity blossomed. It was only centuries later, with expanded government and new elites that these societires faltered.</p>
<p>Some benevolent rulers maintained their power but gave free rein to entrepreneurs and merchants and this combination worked fairly well until the American colonies proved that democracy, very small government, and the escape from European aristocracies was ther best model for widespread prosperity. That condition has been gradually eroded in America as a new elite aristocracy has assumed control of our schools, governments and major institutions. That trend combines with a victim-dependent populace weaned onto government hand outs to destroy the foundations and twist the Constituion into a shambles.  </p>
<p>Treating the Constitution as a &#8220;living&#8221; document that can be adjusted to meet the socialist theories of the new radical elites could kill the American experiment in freedom and liberty for all.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: The Economic Crisis is Only a Symptom &#124; Monty Pelerin&#39;s World &#124; the world cares.com</title>
		<link>http://www.economicnoise.com/2010/02/20/the-economic-crisis-is-only-a-symptom/comment-page-1/#comment-593</link>
		<dc:creator>The Economic Crisis is Only a Symptom &#124; Monty Pelerin&#39;s World &#124; the world cares.com</dc:creator>
		<pubDate>Sat, 20 Feb 2010 17:26:35 +0000</pubDate>
		<guid isPermaLink="false">http://www.economicnoise.com/?p=8895#comment-593</guid>
		<description>[...] the rest here: The Economic Crisis is Only a Symptom &#124; Monty Pelerin&#039;s World   Tags: fledgling-nation, living-standards, remarkable-achievement    Share this [...]</description>
		<content:encoded><![CDATA[<p>[...] the rest here: The Economic Crisis is Only a Symptom | Monty Pelerin&#39;s World   Tags: fledgling-nation, living-standards, remarkable-achievement    Share this [...]</p>
]]></content:encoded>
	</item>
</channel>
</rss>

