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Originally Posted by filtherton
The role of the government it to see to the quality of life of all of its citizens, the whole pursuit of happiness thing.
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Partially correct. The goverment is there to make sure the citizens can pursue happiness; that is what is guarenteed, not happiness itself. It does not exist to "see to the quality of life of all its citizens", especially if the citizens don't take some responsibility for themselves.
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Too many of those who think they understand economics fail to understand that economics is more religion than science. That is to say it is more about faith than reality.
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I have no idea what you mean here. If directed at me, I understand microeconomics very well, and have a good but not complete grasp on macroeconomics. Rather than calling it a religion on either scale, it would be more proper to study economics with an eye on the sociological and psychological aspects of it. Crunching hard numbers can tell us some things, but it often can't tell us WHY the numbers are what they are.