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Reply #17: Simplistic sophomoric article [View All]

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porkrind Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Feb-22-04 01:47 PM
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17. Simplistic sophomoric article
Enough with the amateur economists. Get some real education and experience, then get back to us.

This is an article a college student with one class in economics would write. Sure, "comparative advantage" is a valid model for abstract economic study, but the real world is much more complex.

Cookbook economic solutions taken from a textbook are rarely good enough, because they are based on simplifying assumptions that may be wrong when applied to a real problem. Economic theory is great, but we need an advanced, complex, well built and thought out model. Models are only as good as their fit to reality. If the model doesn't fit the data, obviously something is wrong.

I'm no isolationist, but I want trade that benefits America. I define "America" as flesh-and-blood citizens, not amoral artificial legal constructs (corporations).

We need some strong, knowledgeable, wise leadership, not simplistic mantras. We don't need disingenuous ideologues with hidden agendas.
:argh:
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