Through the Grapevine - Overheard
Last night, I was watching a Charlie Rose program when a congressman was discussing labor/capital market issues.
Congressman: "Charlie, I'm a capitalist...
for the record.
However, capitalists always state that government shouldn't interfere with the free market because the rising tide of the market lifts all boats.
Charlie, I'm here to refute that popular argument because most people cannot affordboats.
Therefore, boat less people tiptoeing will be drowned and be washed away by the rising tide, especially if they cannot thread water.
Thus, we do need government intervention, after all.
" Charlie Rose: "Interesting argument!" An exchange between Che Guevara and a conservative Cuban economist, according to historical accounts, after Fidel Castro came to power in 1959 Castro:"Comrades, we have to do something about the Cuban economy.
" Conservative Cuban Economist:"Mr.
President, the Cuban economy cannot survive without the free market system and endure the strain of American economic sanctions.
" Che: "I will take over the Cuban economy.
" Conservative Cuban Economist: "Dr.
Guevara, you're a skilled medical doctor and a competentmilitary commander but you're not an economist - neither in training nor in experience!" Che:"You're right, comrade!I'm not an economist nor do I want to portray myself to be one because I'm a communist !" An exchange between a historian/interviewer and a chief economist (the German Alan Greenspan of his time who won a Nobel Prize in Economics in the 1920s) who was fired by Hitler when he came to power in 1933 Interviewer:"What was it like working for Hitler and to be terminated by him?" Chief Economist: "I wasn't a member of the NAZI party but I love Germany.
Therefore, I decided to stay on as Chief Economist for the sake of the German people.
I could have migrated to France, England or the United States but I couldn't..
..
I thought the Nazi party would have lost power, eventually..
..
In my position of Chief Economist, I argued with Hitler that the German economy will suffer a meltdown based on his aggressive fiscal/monetary policies.
In turn, he replaced me with Reichmarshall Herrmann Goering.
Admittedly but unfortunately, I was proven wrong...
the German economy was kept afloat through the use of slave labor and the unconventional economics of warfare...
total warfare.
"
Congressman: "Charlie, I'm a capitalist...
for the record.
However, capitalists always state that government shouldn't interfere with the free market because the rising tide of the market lifts all boats.
Charlie, I'm here to refute that popular argument because most people cannot affordboats.
Therefore, boat less people tiptoeing will be drowned and be washed away by the rising tide, especially if they cannot thread water.
Thus, we do need government intervention, after all.
" Charlie Rose: "Interesting argument!" An exchange between Che Guevara and a conservative Cuban economist, according to historical accounts, after Fidel Castro came to power in 1959 Castro:"Comrades, we have to do something about the Cuban economy.
" Conservative Cuban Economist:"Mr.
President, the Cuban economy cannot survive without the free market system and endure the strain of American economic sanctions.
" Che: "I will take over the Cuban economy.
" Conservative Cuban Economist: "Dr.
Guevara, you're a skilled medical doctor and a competentmilitary commander but you're not an economist - neither in training nor in experience!" Che:"You're right, comrade!I'm not an economist nor do I want to portray myself to be one because I'm a communist !" An exchange between a historian/interviewer and a chief economist (the German Alan Greenspan of his time who won a Nobel Prize in Economics in the 1920s) who was fired by Hitler when he came to power in 1933 Interviewer:"What was it like working for Hitler and to be terminated by him?" Chief Economist: "I wasn't a member of the NAZI party but I love Germany.
Therefore, I decided to stay on as Chief Economist for the sake of the German people.
I could have migrated to France, England or the United States but I couldn't..
..
I thought the Nazi party would have lost power, eventually..
..
In my position of Chief Economist, I argued with Hitler that the German economy will suffer a meltdown based on his aggressive fiscal/monetary policies.
In turn, he replaced me with Reichmarshall Herrmann Goering.
Admittedly but unfortunately, I was proven wrong...
the German economy was kept afloat through the use of slave labor and the unconventional economics of warfare...
total warfare.
"
Source...