User profile: Geoffrey_Lawrence

This line makes me curious:

"Manufacturers don't care about quality as long as they can reap huge profits for themselves."

How exactly does a business reap huge profits if they have a reputation for poor quality?

The only way that could happen is if they enjoyed some type of government-protected monopoly status that prevented competitive pressures from forcing the sub-standard producer out of the market.

Also check for copies of the Bill of Rights and make sure they're illiterate and will never be aware of their civil rights so they can be systematically abused by government for the rest of their life as well.

Getalife:

Energy independence is easy to achieve, although it is also unnecessary. The US has abundant petroleum and natural gas reserves. The Dept. of Interior estimates that there are 31.1 billion barrels of onshore oil that is inaccessible due to government restrictions, 115.43 billion barrels of restricted offshore oil, and 800 billion barrels of recoverable oil from shale rock. In addition, the US could produce as much energy as it wanted through nuclear power. The biggest barrier is that reprocessing the fuel rods was banned by the Carter administration - forcing us to store the spent rods like retards.

On the other hand, if Americans can import their energy even cheaper than they can produce it, then what's the point? We currently import a large supply of our natural gas from Canada, for instance. The caution I would give is to make energy companies bear the full risks of their own investments - including geopolitical risk. Otherwise, you find yourself in the quagmire of subsidizing private risk with military presence, which is stupid.

"The nation still doesn't understand enough of why recessions occur"

It's called the Austrian business cycle. The Fed makes credit artificially cheap - creating asset bubbles for commodities such as real estate - and, as a result, there appears a misallocation of resources across the economy. It further makes it difficult for financial institutions to accurately judge investment risk because they can't even trust in the value of the dollars being lent. Hence, they go under when the market corrects to adjust to the Fed's failings. It's happened before and it'll likely happen again.

You seriously found someone willing to say that stagflation was a boon to the economy? That statement, more than any other discredits this entire article.

The same force was at work in the 1920s prior to the crash. The government abandoned the gold standard and set the Fed free to print absurd amounts of money - leading to the same misallocation of resources and collapse of financial markets.

Okay. Here's the report that the LVRDA is trying to respond to:

http://npri.org/publications/rolling-the...

Interesting it wasn't mentioned here.