Fwd: NOT QUITE ALL OF HIM...

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From: b <rrdd3939@aol.com>
To: rrdd3939 <rrdd3939@aol.com>
Sent: Wed, Feb 15, 2012 8:10 pm
Subject: NOT QUITE ALL OF HIM...

                                                    ARTICLE INTERUPTUS:

                                George and Marion Kerby Present Not Quite All of Him

                      by Citizen Journalist, Richard DePersio, Dago Red, Sherlock Holmes,

                                               Dr. Watson with Al Hitchcock

(Read portions of articles at this site pertaining to economics, you will say: "It's not my

parents economics. Sherlock: The Case of the Invisible Hand/Translucent Vagina/Magic

Finger).

We were continuing our discussion of Adam Smith's Invisible Hand when our visible hand

began to hurt. (George and Marion know about Invisible hands too. Transparent to

translucent: We are amongst the few men to have seen a translucent vagina). Never let

it be said that Citizen Journalist left a reader short-changed!

Where were we...Adam Smith introduced the central mechanism of capitalism:

Competition. Smith instructs us in the second feature: the market will arrange for the

production of the goods that society wants, "in the quantities society wants without any-

one issuing an order of any kind." (Understanding Macroeconomics - more info on

book supplied below).

       "There is an old Cold War story about a Soviet official who visits an American

pharmacy. The brightly lit aisles are lined with thousands of remedies for every problem

from bad breath to toe fungus. "Very impressive," he says. "But how can you make sure

that every store stocks all of these items?" The anecdote is interesting because it betrays

 a total lack of understanding of how a market economy works. In America, there is no

central authority that tells stores what items to stock, as there was in the Soviet Union."

(Citizen Journalist: We beg to differ: there have been small to large changes over the

past 100-plus years, especially, since B.O. came to power. The nationalization/

socialization of the auto industry and the near n/s {saving time as our hand begins to

hurt from typing - CMT) of the banking and insurance industries. It's what happens

when business accepts fed gov $$$s - with it comes the incompetent control of

gov bureaurocrats. Romney said recently that the auto industry should have gone through

a regular bankruptcy process. We said when BO assumed the presidency that it was

unconstitutional of him to play bankruptcy judge; we opposed bail-out favoring a real

bankruptcy process. A small but important recent example: fed gov telling health

insurers to cover contraceptives and morning after pill for free. Gov control of an economy

is BAD - witness the fall of communism and the on-the-brink socialist countries of

Europe {more gov control in com than soc; are we still cap?}. "Stores sell the products

that people want to buy, and, in turn, companies produce items that stores want to

stock.The Soviet economy failed in large part because government bureaucrats directed

everything from the number of bars of soap produced by a factory in Irktusk to the

number of university students studying electrical engineering in Moscow. In the end, the

task proved overwhelming. (CJ: "Soviet economy also collapsed because it could not

keep pace with Reagan military build-up: it stressed and collapsed entire system and,

more than ever forced to micromanage consumer economy - it was already far too much!...

BO take-over of student loans and intra-state lakes and rivers; consumers being told what

 to buy; n/s.").

      The quotes in the last paragraph came from "naked economics" by Charles Wheelan

(Norton, 2010) - sometimes he wears blind folders. Chuck goes on to talk about a visit to

Cuba some years back which illuminates our inability to comprehend communist central

planning. Having been raised in the era of discount stores, he and his colleagues (he was

part of an Illinois delegation visiting Cuba) were permitted to return with $100 worth of

merchandise including, the famous Cuban cigars (CJ: "We were shocked to discover that

Castro had forsaken them several years ago as our image of him has remained frozen in

time."). "After several fruitless hours, we discovered the whole point of communism: The

price of cigars was the same everywhere. There is no competition between stores because

there is no profit as we know it. Every stores sells cigars--and everything else for that

matter--at whatever price Fidel Castro (or his brother Raul) tells them to. And every

storekeeper selling cigars is paid the government wage for selling cigars, which is unrelated

to how many cigars he or she sells." Over 90% of population is on the same economic level:

a socialist utopia - BO is taking us there. By the way, the 90% our poor: Big Gov; low

wages; high taxes.

(We are compelled to stop at this junction as our hand...if truth be told our finger, we have

been over-working it. Right, Marion (rhetorical question).