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Mixed economies tend to be best, contrary to popular rhetoric, government can play a role in the economy when you end up with issues where market failures occur, to ward off collective action by losers in the market through social programs, and to deal with issues where acting in our own best interest actually doesn;t lead to the best outcome, where it in facts causes everyone to suffer, and todeal with market inefficiencies like monopolies and monopsonies, or in some cases maintain such markets



 

Predictions:Sales of Wii Fit will surpass the combined sales of the Grand Theft Auto franchiseLifetime sales of Wii will surpass the combined sales of the entire Playstation family of consoles by 12/31/2015 Wii hardware sales will surpass the total hardware sales of the PS2 by 12/31/2010 Wii will have 50% marketshare or more by the end of 2008 (I was wrong!!  It was a little over 48% only)Wii will surpass 45 Million in lifetime sales by the end of 2008 (I was wrong!!  Nintendo Financials showed it fell slightly short of 45 million shipped by end of 2008)Wii will surpass 80 Million in lifetime sales by the end of 2009 (I was wrong!! Wii didn't even get to 70 Million)