Comments on: Campaign Econ Versus Real Econ http://cafehayek.com/2008/07/campaign-econ-v.html where orders emerge Mon, 16 Jan 2012 02:06:33 +0000 hourly 1 http://wordpress.org/?v= By: BoscoH http://cafehayek.com/2008/07/campaign-econ-v.html/comment-page-1#comment-27414 BoscoH Sat, 12 Jul 2008 16:11:51 +0000 http://localhost/wordpress/?p=3187#comment-27414 <p>Good for Phil Gramm. Obama has pinned his hopes for victory on the economy being a disaster and Iraq being a holocaust. Ironically, the only way Obama can lose this one is to overplay his hand, and I wouldn't be surprised if he did. Things aren't ideal, but they really aren't so bad either. </p> <p>All my neighbors who bought a better 50" flat screen this year than the 46" one I bought last year for twice the price know that there are ups and downs with "the economy". So do the people who waited hours in line yesterday to get an extra G in their iPhones. It's choppy. But it doesn't meet the textbook definition of recession.</p> Good for Phil Gramm. Obama has pinned his hopes for victory on the economy being a disaster and Iraq being a holocaust. Ironically, the only way Obama can lose this one is to overplay his hand, and I wouldn't be surprised if he did. Things aren't ideal, but they really aren't so bad either.

All my neighbors who bought a better 50" flat screen this year than the 46" one I bought last year for twice the price know that there are ups and downs with "the economy". So do the people who waited hours in line yesterday to get an extra G in their iPhones. It's choppy. But it doesn't meet the textbook definition of recession.

]]> By: indiana jim http://cafehayek.com/2008/07/campaign-econ-v.html/comment-page-1#comment-27413 indiana jim Sat, 12 Jul 2008 10:30:55 +0000 http://localhost/wordpress/?p=3187#comment-27413 <p>If one defines "campaign Econ" as negative propaganda (or whining), then it is obviously costly because it displaces opportunities to educate people about the truth. But competition in the marketplace of ideas (e.g., campaigning) has both benefits and, of course just like all activites, costs. The benefits are more widespread now than ever because of blog sites like this one where the ideas are debated in a forum that accessible worldwide. This speeds the process by which ideas evolve into better ones and constrains the power of purely political propaganda to persuade.</p> If one defines "campaign Econ" as negative propaganda (or whining), then it is obviously costly because it displaces opportunities to educate people about the truth. But competition in the marketplace of ideas (e.g., campaigning) has both benefits and, of course just like all activites, costs. The benefits are more widespread now than ever because of blog sites like this one where the ideas are debated in a forum that accessible worldwide. This speeds the process by which ideas evolve into better ones and constrains the power of purely political propaganda to persuade.

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