tag:blogger.com,1999:blog-6276561747841568697.post6236868839194612354..comments2024-03-27T05:23:48.855-04:00Comments on Krugman-in-Wonderland: Paul Krugman Hates MoneyWilliam L. Andersonhttp://www.blogger.com/profile/01802990642236807359noreply@blogger.comBlogger48125tag:blogger.com,1999:blog-6276561747841568697.post-23314527181801092252024-02-27T01:13:38.297-05:002024-02-27T01:13:38.297-05:00Nice Blog. Thanks for sharing with us. Such amazin...Nice Blog. Thanks for sharing with us. Such amazing information.edwardsrailcar.comhttps://edwardsrailcar.comnoreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-59981907234134129532024-02-27T01:12:24.197-05:002024-02-27T01:12:24.197-05:00There is certainly a great deal to learn about thi...There is certainly a great deal to learn about this topic. slotplayground.comhttps://www.slotplayground.comnoreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-34003688897545382762024-02-27T01:11:56.288-05:002024-02-27T01:11:56.288-05:00Thank you for the good information you share with ...Thank you for the good information you share with us.19guide03.comhttps://www.19guide03.comnoreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-1148173592228995582024-02-27T01:11:20.204-05:002024-02-27T01:11:20.204-05:00Nice post. I learn something totally new and chall...Nice post. I learn something totally new and challenging on blogs.sportstotomen.comhttps://www.sportstotomen.comnoreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-67647862432978481232024-02-27T01:10:41.196-05:002024-02-27T01:10:41.196-05:00This is really helpful post and very informative t...This is really helpful post and very informative there is no doubt about it.gostopsite.comhttps://www.gostopsite.comnoreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-46916454109219008432024-02-27T01:09:38.843-05:002024-02-27T01:09:38.843-05:00Great Post! I look forward to seeing more from you...Great Post! I look forward to seeing more from you in the future.카지노사이트https://www.outlookindia.com/outlook-spotlight/2023년-한국을-대표하는-카지노-사이트-best-10--news-326663noreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-81590388103278516782016-09-08T08:03:34.938-04:002016-09-08T08:03:34.938-04:00Hello Ya'll,
Below are the most recommended B...Hello Ya'll,<br /><br />Below are the most recommended Bitcoin exchanges (<b>BTC for Currency</b>):<br /><b><a href="http://btc.syntaxlinks.com/r/Coinbase" rel="nofollow">Coinbase</a></b>: $1 min. trade<br /><b><a href="http://btc.syntaxlinks.com/r/CoinMama" rel="nofollow">CoinMama</a></b><br /><br />Get free BITCOINS with the best Bitcoin faucet rotator:<br /><b><a href="http://www.iacbit.org/faucet-rotator/" rel="nofollow">BEST Faucet Rotator</a></b>Bloggerhttps://www.blogger.com/profile/07287821785570247118noreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-5358173626904377432015-11-12T23:52:41.831-05:002015-11-12T23:52:41.831-05:00The vital information in this blogs has allured me...The vital information in this blogs has allured me. <a href="http://onlinelendersalliance.org/about/board-of-directors/" rel="nofollow">MacFarlane Gro</a><br />Anonymoushttps://www.blogger.com/profile/00536647169868657088noreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-57891650643180741632015-09-05T02:57:43.982-04:002015-09-05T02:57:43.982-04:00Keep the balls rolling!! Nice posts you have given...Keep the balls rolling!! Nice posts you have given for us.<a href="http://googlefaxhelp.com/" rel="nofollow">google fax help</a>Simon Armitagehttps://www.blogger.com/profile/11372479980391015717noreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-19841532103284083822013-04-19T21:27:05.619-04:002013-04-19T21:27:05.619-04:00"Yet, inflation lowers the value of the margi..."Yet, inflation lowers the value of the marginal unit of money, and enough of that will lead to the demise of money altogether. "<br /><br />I hate to be picking a nit.But the marginal utility of money actually<br />increases in the final stages of a hyperinflation. Observe the weimar <br />workers demanding to be paid twice a day then rushing out to spend it.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-36538819098737422282013-04-17T19:08:48.451-04:002013-04-17T19:08:48.451-04:00I guess I don’t understand your point, which is a ...I guess I don’t understand your point, which is a inherent issues with blogs as nuance and context can be missed.<br /><br />If you are agreeing with his analysis and find it funny in some kind of schadenfreude manner, well all I can say is you don’t understand the subject matter and you should reexamine how you derive pleasure.<br /><br />If you think he is funny because you disagree with his perspective, well I don’t find that funny either as people will actually think he is providing educated insight on the subject matter.<br />Mikenoreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-33899012426854719052013-04-17T11:15:27.209-04:002013-04-17T11:15:27.209-04:00Mike, how can you NOT find it funny?Mike, how can you NOT find it funny?Johnnoreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-12576081650099550002013-04-16T23:56:25.903-04:002013-04-16T23:56:25.903-04:00John,
I read it. It's a shallow sarcastic pi...John,<br /><br />I read it. It's a shallow sarcastic piece on a serious topic.<br /><br />Why do you find it funny.Mikenoreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-15607149579429185572013-04-16T23:36:52.248-04:002013-04-16T23:36:52.248-04:00How do you guys like the Ritholtz piece on gold?
I...How do you guys like the Ritholtz piece on gold?<br />Its at this post linked from Krugman's blog, heres the date and time: April 16, 2013, 7:38 pm<br /><br />have fun<br /><br /><br />:-) :-) :-)Johnnoreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-65325821844404253552013-04-16T18:03:29.273-04:002013-04-16T18:03:29.273-04:00If gold is inferior as a medium of exchange to sta...If gold is inferior as a medium of exchange to state-endorsed paper why do those states retain ownership of large amounts of gold? If the "barbarous relic" can't cut it as money why are they paying to store it? Why do the Germans want theirs' back? Wouldn't some other, more useful commodity be a better repository of wealth? Instead of ranks of gold bars at Fort Knox how about cases of peanut butter or expensive merlot or Mickey Mantle rookie cards or frozen semen from the very best dairy bulls (or maybe major league hitters)? Is there just the slightest possibility that the fiatinados are hedging their bets, just in case they might be wrong, as they always have been since the dawn of time?Pulverized Conceptshttps://www.blogger.com/profile/14860274211446159849noreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-18469041967220660332013-04-16T16:32:53.216-04:002013-04-16T16:32:53.216-04:00It's too bad Krugman leaves out Adam Smith'...It's too bad Krugman leaves out Adam Smith's very next sentences:<br /><br />"The commerce and industry of the country, however, it must be acknowledged, though they may be somewhat augmented, cannot be altogether so secure, when they are thus, as it were, suspended upon the Daedalian wings of paper money, as when they travel about upon the solid ground of gold and silver. "<br /><br />"Over and above the accidents to which they are exposed from the unskillfulness [sic] of the conductors of this paper money, they are liable to several others, from which no prudence or skill of those conductors can guard them. "<br /><br />But this is typical Krugman. Selective quotes taken out of context to buttress a political view.SteveDoc22noreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-18145766830999392132013-04-16T16:18:02.732-04:002013-04-16T16:18:02.732-04:00We've been over LK's endless misrepresenta...We've been over LK's endless misrepresentation of the "Walrasian/neo-Walrasian" nonsense and the "has nothing to do with" nonsense 27 times.<br /><br />http://consultingbyrpm.com/blog/2012/11/econ-101-works-price-controls-cause-gas-lines.html#comment-49192<br /><br />This is just LK's desperation showing.Bob Roddishttps://www.blogger.com/profile/17263804608074597937noreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-43151444734660236972013-04-16T15:28:11.203-04:002013-04-16T15:28:11.203-04:00"Also, it's fact, not opinion, that Keyne...<i>"Also, it's fact, not opinion, that Keynesians do not and cannot understand Austrian concepts"</i><br /><br />No, in fact Roddis himself doesn't understand Austrian concepts -- like the notion of flexible wages and prices moving towards their market clearing values, which at heart is just the same concept as held in Walrasian/neo-Walrasian and mainstream neoclassical theory. <br /><br />For ages, Roddis peddled a Hayek quote, and then denied that it anything whatsoever to do with mainstream neoclassical theory. <br /><br />Then he recanted and said it had *something* to do with neoclassical theory, but that convergence to market-clearing has nothing to do with it!<br /><br />Bob roddis - ignorant of basic Austrian concepts.Lord Keyneshttps://www.blogger.com/profile/06556863604205200159noreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-79953561415031649932013-04-16T15:17:03.014-04:002013-04-16T15:17:03.014-04:00Also, it's fact, not opinion, that Keynesians ...Also, it's fact, not opinion, that Keynesians do not and cannot understand Austrian concepts but almost immediately resort to vicious name-calling when challenged. And I didn't even have to pay Tyler a commission to again prove my point.<br /><br />http://www.flickr.com/photos/bob_roddis/8413813679/in/photostream<br /><br /><br /><br />Bob Roddishttps://www.blogger.com/profile/17263804608074597937noreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-46645705284092644592013-04-16T14:37:27.044-04:002013-04-16T14:37:27.044-04:00Bob, by dogmatic, I really meant to say that you t...Bob, by dogmatic, I really meant to say that you tend to have really strong convictions about your ideology and I wasn't saying that Austrian economics was right or wrong. Any one of the various worldviews of economics could be correct or not. There is a reason that economics is often called a dismal science. You can't go just go into a laboratory, shrink the entire world and conduct economic experiments. You have to rely on other sorts of evidence to back up your claims.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-30438073878078086152013-04-16T14:35:17.169-04:002013-04-16T14:35:17.169-04:00Gee, Tyler, next time tell us what you really are ...Gee, Tyler, next time tell us what you really are thinking.William L. Andersonhttps://www.blogger.com/profile/01802990642236807359noreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-92060672884686981622013-04-16T14:26:29.926-04:002013-04-16T14:26:29.926-04:00Speaking of denying the law of scarcity, one need ...Speaking of denying the law of scarcity, one need only read the Modern Monetary Theory loons who are a variety of Keynesians.<br /><br /><i>Peter lied about Social Security while working for Obama's handlers, now he's lying even more. He claims that cutting Social Security "modestly" while raising FICA taxes is a "progressive" thing to do, since it solves a minor (but in his words "real") budget solvency issue.<br /><br />Lord have mercy! If we can't run out of fiat, SocSec can't run out of fiat. Haven't the foggiest what he's imagining, but it's all so out of paradigm that's it's irrelevant to reality. It's so bad that it's not even wrong. It's just irrelevant.</i><br /><br />http://mikenormaneconomics.blogspot.com/2013/04/peter-orszag-may-be-liar-sob-but-hes.html<br /><br />Bob Roddishttps://www.blogger.com/profile/17263804608074597937noreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-76925725127357716482013-04-16T14:23:29.169-04:002013-04-16T14:23:29.169-04:00Definition of DOGMATIC
1: characterized by or giv...Definition of DOGMATIC<br /><br />1: <i>characterized by or given to the expression of <b>OPINIONS</b> very strongly or positively as if they were facts</i><br /><br />I’m sorry, but it’s a FACT that no Keynesian in the galaxy ever demonstrates an understanding of the related concepts of economic calculation, prices as information, Keynesian policy and funny money disrupting that information process and its effects on the price, investment and capital structure leading to malinvestments. <br /><br />Questions about what Austrians might think about the price of gold dropping is evidence that the questioner believes that Austrian analysis is primarily concerned with precisely predicting when and the amount of CPI and asset inflation. It isn't.<br />Bob Roddishttps://www.blogger.com/profile/17263804608074597937noreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-2361229821302770462013-04-16T14:08:03.697-04:002013-04-16T14:08:03.697-04:00Bob isn't a buffoon, but he can be pretty dogm...Bob isn't a buffoon, but he can be pretty dogmatic sometimes and I also think you go a bit too far with the attack on Anderson's credentials. Let's stick to discussing the economics and leave personal attacks out of this.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-10532076982786345712013-04-16T13:15:24.384-04:002013-04-16T13:15:24.384-04:00Bob Roddis is an utter buffoon,
and worse, an ince...Bob Roddis is an utter buffoon,<br />and worse, an incessantly whining one.<br /><br />"So and so STILL hasn't engaged in Autrian concepts"<br /><br />we have bob. Dozens of times. ABCT has been refuted just as often. You just ignore the evidence, like all mindless Rothbardian fanatics.<br /><br />And Anderson, youre worse. I call you Anderson because a man who repeatedly distorts the positions of the one he attacks with laughable straw men doesn't deserve the title "professor'<br /><br /><br />just to give you an example, you accuse Krugmanand Keynesians in general of ignoring the law of scarcity whenever they recommend printing money or deficit spending in DEPRESSIONS. (and only in depressions) Krugamn isn't saying real resources are infinite. He's saying real resources are more abundant than the supply of money in circulation. AND ONLY IN CERTAIN CIRCUMSTANCES, like the liquidity trap do we have a free lunch. (A better word here would be "cheap" lunch or "high value" lunch)Tylernoreply@blogger.com