Dr. Walter E. Williams School of Economics

[i386]

Did you catch him substituting for Rush the other day? He was basically making the case that buying foreign made goods had no negative effects (that's the way I understood it anyway).

Discuss?

 

[WillyBWright]

Re: Dr. Walter E. Williams School of Economics

I would fully expect that from any Rush sub. Buying from China is funding this war. We need to buy foreign so they will lend us the money.

It's the old Company Store concept. Miners lived in company housing, banked at the company bank, and bought from the company store. The mining companies paid them just shy of subsistence. Slowly but surely the miners would get further and further behind on their accounts and be beholdin to the company and stay on rather than leave and find something better.

With Trillions of dollars of debt, we're gonna be beholdin to China for quite some time. Think of buying at Walmart as paying the interest. It's that much less bought from American companies. Just like the Company Store, the money paid out is coming right back to them. And slowly we get further and further in debt.

"You load sixteen tons, what do you get? Another day older and deeper in debt. St. Peter dontcha call me cuz I can't go. I owe my soul to the Company Store."

 

[SoulWinner]

Re: Dr. Walter E. Williams School of Economics

For a thorough explanation, look up the Walter Williams column's titled "A Look At Foreign Trade Angst" and "Should We Even Trade At All."

 

[Boomyal]

Re: Dr. Walter E. Williams School of Economics

Walter E Williams is nothing but an Uncle Tom. He is a tool of the evil, greedy, white, european male. Why else would Limbaugh hire him to stand in?

 

[BoatBuoy]

Re: Dr. Walter E. Williams School of Economics

Walter E Williams is nothing but an Uncle Tom. He is a tool of the evil, greedy, white, european male. Why else would Limbaugh hire him to stand in?

That's what I thought when I first began hearing him. Token?

 

[Boomyal]

Re: Dr. Walter E. Williams School of Economics

Yeah BoatBouy. Here are some real good example of what a stooge he is.

http://www.gmu.edu/departments/economics/wew/

 

[Boomyal]

Re: Dr. Walter E. Williams School of Economics

The following from his website really clinches the deal about WEW being a dupe for the white neocons.

[colour=red]Proclamation of Amnesty and Pardon Granted to
All Persons of European Descent

Whereas, Europeans kept my forebears in bondage some three centuries toiling without pay,

Whereas, Europeans ignored the human rights pledges of the Declaration of Independence and the United States Constitution,

Whereas, the Emancipation Proclamation, the Thirteenth and Fourteenth Amendments meant little more than empty words,

Therefore, Americans of European ancestry are guilty of great crimes against my ancestors and their progeny.

But, in the recognition Europeans themselves have been victims of various and sundry human rights violations to wit: the Norman Conquest, the Irish Potato Famine, Decline of the Hapsburg Dynasty, Napoleonic and Czarist adventurism, and gratuitous insults and speculations about the intelligence of Europeans of Polish descent,

I, Walter E. Williams, do declare full and general amnesty and pardon to all persons of European ancestry, for both their own grievances, and those of their forebears, against my people.

Therefore, from this day forward Americans of European ancestry can stand straight and proud knowing they are without guilt and thus obliged not to act like damn fools in their relationships with Americans of African ancestry.


[/colour]

 

[Coors]

Re: Dr. Walter E. Williams School of Economics

y'all never had a course in economics, or finance, evidently

 

[OldMercsRule]

Re: Dr. Walter E. Williams School of Economics

y'all never had a course in economics, or finance, evidently

Nah, Ya can't tell jus' from trolls. Don't know how long ya been lurkin' here but some of these guys are real sharp n' will trick ya into embarassin' yourself, (don't underestimate 'em or ya can get clobbered). They're jus' tryin' ta get someone ta bite n' say somethin' stupid, (that's why I'm waitin' ta post my thoughts for a while, at least). Only got one brain cell n' it's workin' real hard ta keep up. JR

 

[i386]

Re: Dr. Walter E. Williams School of Economics

I wasn't trying to trick anyone. I always though it to be "conservative" to buy American. Apparantly this is not the case anymore. I just wanted to know what you guys thought about what he said. I also forgot to mention he had some people call in saying it was a bad idea to spend so much on goods from China because we're "funding the enemy". WEW dismissed that thought. The more he talked about it the more he sounded like was trying to get himself out of a mess.

 

[PW2]

Re: Dr. Walter E. Williams School of Economics

FWIW, Economics is a complex science, and you cannot make blanket statements without having a problem.

It is neither a conservative nor a liberal thing to advocate "buying American", it is a free market thing.

On a completely level playing field, each country or society will do some things better than others--In an ideal world, each society (country) will take advantage of the capabilities of a neighbor, while offering their special skills to the world--thus resulting in everyone getting the advantage of everyone else's skills.

Obviously, it is not a completely level playing field, nor is it an ideal world, and there are political considerations as well as economic ones to consider.

That being said, economic advancement, thru trade or whatever, is generally desirable for peace and stability. An adversary that has nothing to lose is often the most dangerous.

 

[OldMercsRule]

Re: Dr. Walter E. Williams School of Economics

FWIW, Economics is a complex science, and you cannot make blanket statements without having a problem.

It is neither a conservative nor a liberal thing to advocate "buying American", it is a free market thing.

On a completely level playing field, each country or society will do some things better than others--In an ideal world, each society (country) will take advantage of the capabilities of a neighbor, while offering their special skills to the world--thus resulting in everyone getting the advantage of everyone else's skills.

Obviously, it is not a completely level playing field, nor is it an ideal world, and there are political considerations as well as economic ones to consider.

That being said, economic advancement, thru trade or whatever, is generally desirable for peace and stability. An adversary that has nothing to lose is often the most dangerous.

That's a BIG 10 - 4 PW2, I didn't want to get into the theory here at this time, but as you said it is not Lib or Cornservative issue, as it effects us all, and all have points of view that some like to exploit. Libs, (like Lou Dobbs) are very protectionist and thump the devisiveness and lack of understanding to hurt the Bush administration, but some Cornservatives are that way too, (Buchanan is a wacky populist bigoted pseudo Cornservative) that comes from the other side to hammer Bush. Is a Chevrolet American made; how about a Honda? Ya can't tell: boy n' girls! It's a world market for most complex items, and as PW2 said: there are relative advantages to build things in some places. Walmart is good for all of us: NOT BAD. The Chinese are keeping our inflation very low, and we owe them so much money they will think twice before hammerin' us. My $.02 JR

 

[PW2]

Re: Dr. Walter E. Williams School of Economics

When Clinton signed NAFTA, he had some dem support as well as Repub support. He also had many repub detractors as well as dems.

Nothing is perfect, and it did cause some localized pain while realizing much good at the same time.

 

[OldMercsRule]

Re: Dr. Walter E. Williams School of Economics

YUP8)

 

[technostingray]

Re: Dr. Walter E. Williams School of Economics

FWIW, Economics is a complex science, and you cannot make blanket statements without having a problem.

It is neither a conservative nor a liberal thing to advocate "buying American", it is a free market thing.

On a completely level playing field, each country or society will do some things better than others--In an ideal world, each society (country) will take advantage of the capabilities of a neighbor, while offering their special skills to the world--thus resulting in everyone getting the advantage of everyone else's skills.

Obviously, it is not a completely level playing field, nor is it an ideal world, and there are political considerations as well as economic ones to consider.

That being said, economic advancement, thru trade or whatever, is generally desirable for peace and stability. An adversary that has nothing to lose is often the most dangerous.

That's a BIG 10 - 4 PW2, I didn't want to get into the theory here at this time, but as you said it is not Lib or Cornservative issue, as it effects us all, and all have points of view that some like to exploit. Libs, (like Lou Dobbs) are very protectionist and thump the devisiveness and lack of understanding to hurt the Bush administration, but some Cornservatives are that way too, (Buchanan is a wacky populist bigoted pseudo Cornservative) that comes from the other side to hammer Bush. Is a Chevrolet American made; how about a Honda? Ya can't tell: boy n' girls! It's a world market for most complex items, and as PW2 said: there are relative advantages to build things in some places. Walmart is good for all of us: NOT BAD. The Chinese are keeping our inflation very low, and we owe them so much money they will think twice before hammerin' us. My $.02 JR

Edit: Oops, you asked me not to hound you ***** ******** ***** (**(***(***** ************* *

 

[i386]

Re: Dr. Walter E. Williams School of Economics

Well I can remember back when Wal-Mart's big marketing thing was all about made in the USA. Not the case anymore.

The way I see it (and believe me I'm no expert) is the global market place has changed into something undesirable.

At one time it was about the Swiss making chocolate, India making rugs, Mexico making tequila, Egypt making premium textiles, you get the idea.

But I think it's shifted more to where can I produce goods cheaper and avoid laws that would have to be followed in the US.

See I think it's a really crappy thing to do that, but it only takes one big business to do it. If the rest want to stay in business they have to do the same thing. The whole thing has snowballed into what we have now. If nothing else I think the quality of goods and service have decreased (ever had to call tech support?).

But anyway I'm heading down a road I don't want to head down in this thread.


I have a Ford Explorer. It's running ok but its got a lot of quality problems. It's also dang near worthless now. The next truck I get will probably be a Toyota. I know it's of good quality and will actually be worth something when I'm ready to trade again. I fully expect to catch a lot of flack for not buying American. So yea, the thing WEW did kinda struck me personally and I just wanted some opinions.

 

[OldMercsRule]

Re: Dr. Walter E. Williams School of Economics

FWIW, Economics is a complex science, and you cannot make blanket statements without having a problem.

It is neither a conservative nor a liberal thing to advocate "buying American", it is a free market thing.

On a completely level playing field, each country or society will do some things better than others--In an ideal world, each society (country) will take advantage of the capabilities of a neighbor, while offering their special skills to the world--thus resulting in everyone getting the advantage of everyone else's skills.

Obviously, it is not a completely level playing field, nor is it an ideal world, and there are political considerations as well as economic ones to consider.

That being said, economic advancement, thru trade or whatever, is generally desirable for peace and stability. An adversary that has nothing to lose is often the most dangerous.

That's a BIG 10 - 4 PW2, I didn't want to get into the theory here at this time, but as you said it is not Lib or Cornservative issue, as it effects us all, and all have points of view that some like to exploit. Libs, (like Lou Dobbs) are very protectionist and thump the devisiveness and lack of understanding to hurt the Bush administration, but some Cornservatives are that way too, (Buchanan is a wacky populist bigoted pseudo Cornservative) that comes from the other side to hammer Bush. Is a Chevrolet American made; how about a Honda? Ya can't tell: boy n' girls! It's a world market for most complex items, and as PW2 said: there are relative advantages to build things in some places. Walmart is good for all of us: NOT BAD. The Chinese are keeping our inflation very low, and we owe them so much money they will think twice before hammerin' us. My $.02 JR

Edit: Oops, you asked me not to hound you ***** ******** ***** (**(***(***** ************* *

Thanks Ray, Me thinks you would over power my brain cell real fast. I could not possibly keep up with you. JR

 

[technostingray]

Re: Dr. Walter E. Williams School of Economics

Well I can remember back when Wal-Mart's big marketing...


I have a Ford Explorer. It's running ok but its got a lot of quality problems. It's also dang near worthless now. The next truck I get will probably be a Toyota. I know it's of good quality and will actually be worth something when I'm ready to trade again. I fully expect to catch a lot of flack for not buying American. So yea, the thing WEW did kinda struck me personally and I just wanted some opinions.

Opinions are like ********, everybody got one. It doesn't pay to get too many opinions. Does anti-trust legislation apply to foriegn companies? Most of the strides that have been made in foriegn manufacturing have been nurtured by fleeing American *******

 

[OldMercsRule]

Re: Dr. Walter E. Williams School of Economics

Opinions are like ********, everybody got one. It doesn't pay to get too many opinions. Does anti-trust legislation apply to foriegn companies? Most of the strides that have been made in forieng manufacturing have been nurtured by fleeing American *******

True, (opinions n' the rest o' the stuff), but we like to buy high quality things cheap, Ray. They would go out of business if we didn't like 'em! Free Markets sort those things out very efficiently, where the Government does not. JR

 

[technostingray]

Re: Dr. Walter E. Williams School of Economics

Edit