Comments on: Ruby-Sachs: Everybody Knows

By: Kari

Kari — Wed, 01 Apr 2009 19:21:46 +0000

Randy: What the hell are you talking about?

The “pie” is the GDP, and the GDP gets larger or smaller every year. (Currently, it’s getting smaller, which is what a “recession” is.)

If you think economics is a zero-sum game, you know absolutely nothing about the subject.

By: Trace

Trace — Wed, 01 Apr 2009 00:13:12 +0000

Kari, I’m beginning to think that Ruby-Sachs did not pay attention in either her undergrad courses or law school.

I’m wondering who pays Ruby-Sachs salary? Are you paid by someone that has money or someone that is poor? I’m all for business owners doing well. Keeps people employed and keeps all of us earning wages.

By: Randy

Randy — Tue, 31 Mar 2009 23:46:19 +0000

Actually, economics is a zero sum game, most of the time. There is no “grow the pie” scenario except during those odd times when we invent something revolutionary like the Internet(s), or “credit default swaps”. Even if “grow the pie” did work, we live on a fixed-size planet, so it’s inherently infeasible.

By: Kari

Kari — Tue, 31 Mar 2009 20:39:49 +0000

Can you provide some evidence that my tax dollars will go to ‘certain hedge fund managers’?

There is no such thing as a hedge fund that is ‘too big to fail’; by definition, hedge funds are small companies. I’m surprised that you as a lawyer wouldn’t know that.

By: peter

peter — Tue, 31 Mar 2009 19:37:41 +0000

Why do you are if the rich people get richer as long as everyone is doing better? Economics is not a zero sum gain. The key is to grow the entire pie instead of dividing up the existing one. Or, to mix my metaphores: a rising tide lifts all boats.

Your call to cheap class envy politics is disheartening.