Saturday, September 10, 2011

The Failure of Outcome-Based Policies vs. Opportunity-Based Ones: Barron's: More Quantitative Easing By Fed Is Needed - Barrons.com

Barron's: More Quantitative Easing By Fed Is Needed - Barrons.com

Outcome based policies and true belief.

Liberals seem to have this belief that they should focus on equality of outcomes. Thus, entitlement policies that run off the cliff and support for unionization with the belief that somehow salaries and benefits can be whatever one wants with no economic consequences.

The same is the liberal belief in education. Reduce excellence and performance so the weakest students don't feel left out.

And, what-do-you-know? Both the economy and educational levels of young people are below par! Could there be something about outcome-based vs. opportunity-based policies that is similar and that only appears to be successful?

Clearly the economy is suffering from unrealistic and putative regulatory policies. Most of the media can't stand Ron Paul for being the most vocal critic of what ails the economy.

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