From: utzoo!decvax!harpo!npoiv!hou5f!hou5b!hou5c!hou5e!mat Newsgroups: net.politics Title: Re: Re: reagan - (nf) Article-I.D.: hou5e.208 Posted: Wed Feb 16 11:43:24 1983 Received: Sun Feb 20 08:51:12 1983 References: ima.287 We live in what is supposed to be a FREE economy. People don't HAVE to invest, or save, or do any number of other good things. Business investment, which is needed for a healthy, productive, and prosperous economy will only occur if business people, as INDIVIDUALS, percieve that they wll profit. Rampant inflation, and a government which rapidly changes econoomic conditions in the name of social causes, can only DISCOURAGE business investment. The continuous adjustments, or tinkering, called for by Keynsian economics have made investment risky in the minds of businessmen AND, indirectly, consumers. A non-activist approach by government is needed -- whether RRR's approach is the best or not is yet to be seen. Also, we are paying an unforseen price for all the Keynsian tinkering ... businesspeople are adept in maximizing their immediate profits, or position , or whatever, even in the face of the tinkering. Result: when the gov't tinkers, the economy as a whole pays the price for the tinkering, but the benefits don't come because the people whose direction or output should be affected have avoided the mechanism. Sorry for the long article, Intellient flames welcome -- If you can show that I'm wrong, please do so. If you hate my guts, shut up.