tag:blogger.com,1999:blog-6276561747841568697.post5533628464418843041..comments2024-03-27T05:23:48.855-04:00Comments on Krugman-in-Wonderland: The Meaningless GDP Growth NumbersWilliam L. Andersonhttp://www.blogger.com/profile/01802990642236807359noreply@blogger.comBlogger15125tag:blogger.com,1999:blog-6276561747841568697.post-41831355228365818542024-03-21T02:35:06.820-04:002024-03-21T02:35:06.820-04:00I want to to thank you for ones time for this part...I want to to thank you for ones time for this particularly wonderful read!! edwardsrailcar.comhttps://edwardsrailcar.comnoreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-19202420539797248852024-03-21T02:34:34.925-04:002024-03-21T02:34:34.925-04:00If you know of any please share. Cheers! If you know of any please share. Cheers! slotplayground.comhttps://www.slotplayground.comnoreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-13891240339298029392024-03-21T02:34:06.232-04:002024-03-21T02:34:06.232-04:00Howdy! Do you know if they make any plugins to ass...Howdy! Do you know if they make any plugins to assist with SEO? 19guide03.comhttps://www.19guide03.comnoreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-89272643501544025122024-03-21T02:33:29.791-04:002024-03-21T02:33:29.791-04:00I’ll bookmark your blog and check again here frequ...I’ll bookmark your blog and check again here frequently. sportstotomen.comhttps://www.sportstotomen.comnoreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-38433955485419176182024-03-21T02:32:05.594-04:002024-03-21T02:32:05.594-04:00information you present. Wonderful read!information you present. Wonderful read!gostopsite.comhttps://www.gostopsite.comnoreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-52501947264229679082024-03-21T02:31:07.401-04:002024-03-21T02:31:07.401-04:00Simple but very accurate info? Thank you for shari...Simple but very accurate info? Thank you for sharing this one.파워볼사이트https://www.outlookindia.com/outlook-spotlight/2024-powerball-site-recommended-ranking-safe-powerball-real-time-game-site-top15-news-334143noreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-35211549804251089182010-02-01T01:13:39.493-05:002010-02-01T01:13:39.493-05:00"To a Keynesian like Krugman, I might as well..."To a Keynesian like Krugman, I might as well be speaking gibberish."<br /><br />Well said, Prof. Anderson. What's worse is the business news, though, which is just regurgitated keynesian nonsense from ivy academic economists who fail to predict much of anything, government technocrat economists who are fairly accurate at predicting precisely the opposite of what will happen, and CEOs and Chief Economists who might as well be reading out of a plain Jane keynesian-dominated Intermediate Macro textbook.Brenthttps://www.blogger.com/profile/17082733937933951407noreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-11703246812213052112010-01-31T22:40:36.824-05:002010-01-31T22:40:36.824-05:00I recently found this site and I absolutely love i...I recently found this site and I absolutely love it. Although some of the information is over my head, I'm learning new ideas every day and find your writings helpful when discussing economics with others.<br /><br />But most importantly, nothing is better than having someone knock that pompous a.. Krugman down a few pegs. Keep up the good work!Paulhttps://www.blogger.com/profile/01704932939972619675noreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-51885491856553303382010-01-31T22:39:32.873-05:002010-01-31T22:39:32.873-05:00William, great blog. I watch Robert Reich quite a...William, great blog. I watch Robert Reich quite a bit on the Kudlow Report. Every night he's on, it's the same keynesian propaganda over and over. Can someone with an ounce of economic literacy put these people in their place intellectually? They are like a flesh eating virus that will not go away. If you were to recommend a good book to refute Keynes (obviously there are many), what would you recommend?Andy Kathermanhttps://www.blogger.com/profile/16828859423913459799noreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-13932594794090037252010-01-31T16:48:37.829-05:002010-01-31T16:48:37.829-05:00Jesse,
In "New Deal or Raw Deal", Burto...Jesse,<br /><br />In "New Deal or Raw Deal", Burton Folsom retells how Roosevelt's cabinet was dumbfounded when he first suggested 100% tax rates.Jonathan Finegold Catalánhttps://www.blogger.com/profile/16710256011291680376noreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-70593521187891378352010-01-31T00:06:45.601-05:002010-01-31T00:06:45.601-05:00This comment has been removed by the author.Jessehttps://www.blogger.com/profile/07797362276163462905noreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-61883875423947067092010-01-30T20:39:38.594-05:002010-01-30T20:39:38.594-05:00Jesse, FDR tried to do it in 1942 via executive or...Jesse, FDR tried to do it in 1942 via executive order. He ordered all income above $25K to be taxed at 100 percent. However, the U.S. Supreme Court quickly struck down the order because all tax rates must be set by Congress.<br /><br />My source was Benjamin Anderson's book, Economic and the Public Welfare, published in 1948. The book is in my office, so I cannot give you the page number.<br /><br />By the way, while he did not campaign on it, George McGovern in 1972 said that his preference would be a 100 percent tax on all income above $30K. Obviously, that never happened, but don't forget that for a long time, the USA had 90+ top rates and the rate in 1981 before the Reagan tax cuts was 70 percent.<br /><br />I once asked Krugman (at the 2004 meetings of the Southern Economic Association in New Orleans) about the 70 percent rates, and his reply was: "Those rates were insane." His exact words, and Joe Salerno can back me up, as he was sitting next to me.William L. Andersonhttps://www.blogger.com/profile/01802990642236807359noreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-83768912004528136072010-01-30T19:19:48.778-05:002010-01-30T19:19:48.778-05:00This comment has been removed by the author.Jessehttps://www.blogger.com/profile/07797362276163462905noreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-32694635588517685782010-01-30T15:09:48.823-05:002010-01-30T15:09:48.823-05:00Great point! (I love the "punk rocker" a...Great point! (I love the "punk rocker" analogy.)William L. Andersonhttps://www.blogger.com/profile/01802990642236807359noreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-72492880175441048232010-01-30T12:20:43.007-05:002010-01-30T12:20:43.007-05:00As we know, Keynesianism does not have theory of c...As we know, Keynesianism does not have theory of capital structure (among other things it's missing). Mention to a Keynesian that money dilution causes an invariable distortion to the structure of investment and production and their eyes glaze over. It's like trying to explain to a punk rocker what a diminished chord is.Anonymousnoreply@blogger.com