11-year-old Madison Root knows that braces are expensive, so she wanted to do her part to help pay for the cost. Sure, she could sell lemonade at the end of the driveway — but with her uncle’s farm overflowing with mistletoe and Christmas right around the corner, why not sell that at Portland, Ore.’s popular Saturday Market instead?
Well — because the city says so.
The girl had gathered enough mistletoe from her uncle’s farm for 100 nicely-prepared bags of mistletoe for customers, KATU-TV reported, and brought it to the Saturday Market last weekend with her father. She thought the location was perfect — a public area overflowing with patrons, vendors, booths, beggars and more.
But Root and her father were soon asked by a security guard to stop selling their wares because city ordinance bans such commerce without proper approval. The guard reportedly added that she could continue on the sidewalk outside or beg for donations instead.
This young lady understands the economy better than these two Noble prize winners . .
Krugman is out of touch with reality.
He still preaches Keynesian Theory and Obama is also a follower. They both will continue to ignore the facts that even Keynes REJECTED HIS OWN THEORY BEFORE HE DIED . . What say all of you?
Postwar[edit]
After the war, Keynes continued to represent the United Kingdom in international negotiations despite his deteriorating health. He succeeded in obtaining preferential terms from the United States for new and outstanding debts to facilitate the rebuilding of the British economy.[43]
Just before his death in 1946, Keynes told Henry Clay, a professor of Social Economics and Advisor to the Bank of England [44] of his hopes that Adam Smith’s ‘invisible hand’ can help Britain out of the economic hole it is in: “I find myself more and more relying for a solution of our problems on the invisible hand which I tried to eject from economic thinking twenty years ago.” [45]
http://talkingpointsmemo.com/livewire/krugman-obama-finally-sounding-like-the-progressive-supporters-backed-in-08
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