tag:blogger.com,1999:blog-6276561747841568697.post8676895469847444633..comments2024-03-12T08:15:56.379-04:00Comments on Krugman-in-Wonderland: Krugman is Deep in the Heart of TaxesWilliam L. Andersonhttp://www.blogger.com/profile/01802990642236807359noreply@blogger.comBlogger17125tag:blogger.com,1999:blog-6276561747841568697.post-33529472853021432452011-01-11T13:00:20.584-05:002011-01-11T13:00:20.584-05:00Krugman left serious economic thinking long ago. T...Krugman left serious economic thinking long ago. The fact that he ignores the opportunity cost of government spending is one thing, but the more sobering fact is that according to his theories, the Soviet Union should have been a thriving nation. His theories are flawed. Time for him to lose the pride and find some good economics.TonyFernandezhttps://www.blogger.com/profile/07577417779317914721noreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-65913673586948709902011-01-08T21:47:55.185-05:002011-01-08T21:47:55.185-05:00Prof. Anderson,
I found it here: http://www.cevro...Prof. Anderson,<br /><br />I found it here: http://www.cevroinstitut.cz/upload/file/NPPE/NPPE_6_1.pdfProf Jhttps://www.blogger.com/profile/16539902592080231165noreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-58736415191530056292011-01-08T20:56:15.783-05:002011-01-08T20:56:15.783-05:00Prof J,
I have not seen the paper yet. Do you kn...Prof J, <br /><br />I have not seen the paper yet. Do you know where I can access it?William L. Andersonhttps://www.blogger.com/profile/01802990642236807359noreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-3534289372341980002011-01-08T16:16:23.118-05:002011-01-08T16:16:23.118-05:00I googled Bob Roddis and found your campaign page ...I googled Bob Roddis and found your campaign page after reading Prof J's comment.<br /><br />"In 1977, Professor Hayek explained on "Firing Line" that Keynes' "General Theory" was "entirely ad hoc" and concocted merely to trick British workers in the 1930s into accepting lower real wages as the result of purposeful government inflation. "<br /><br />ahh...Bob? You do realize Hayek was agreeing with Keynes when he said that, right? <br /><br />I've actually stumbled into several comments of yours repeating that line in several blogs. Did you not know that Hayek was an immoral money printing statist as well? Why are you quoting that statist and putting him in a positive light? He wanted to coerce people into diluting their funny money.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-57399977296200451752011-01-08T15:46:59.416-05:002011-01-08T15:46:59.416-05:00Prof. Anderson,
I enjoy your blog. Just read your...Prof. Anderson,<br /><br />I enjoy your blog. Just read your article with Amit Shah in "New Perspectives on Political Economy." Very nice background. I knew about the 1990s "deregulations" but not the importance of the 1980s law changes.<br /><br />Thanks for your efforts.Prof Jhttps://www.blogger.com/profile/16539902592080231165noreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-75530041727773542062011-01-08T15:45:17.345-05:002011-01-08T15:45:17.345-05:00Bob,
I've looked into your career and backgro...Bob,<br /><br />I've looked into your career and background a bit and I must say I'm impressed. Do you have your own blog? I couldn't find anything.<br /><br />At any rate, I'd like to engage you on the issue of fractional reserve banking. The Rothbardian view is that fractional reserve banking is (basically) illegal (fraud) and, as you say, is the source of artificial credit expansion. But is this the case only if there is a central bank, or do you think it would be the case in a free banking climate as well?Prof Jhttps://www.blogger.com/profile/16539902592080231165noreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-77429800684446092542011-01-08T05:47:57.134-05:002011-01-08T05:47:57.134-05:00It would be a miracle if one of our in-house criti...It would be a miracle if one of our in-house critics actually had some familiarity with Austrian theory. <br /><br />Pre-Fed booms and busts were cause by FRACTIONAL RESERVE BANKING which is inherently prone to panics. Where loanable funds exceed real savings, you are on the road to hell. Indeed, if you are lending something other than someone's savings, exactly what is it that you are lending?<br /><br />Anonymous, how can you not know that? Or at least know that that is our position?<br /><br />http://mises.org/daily/3687<br /><br />Simply amazing.Bob Roddisnoreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-67538708381994282952011-01-08T02:52:37.852-05:002011-01-08T02:52:37.852-05:00Uhhh im pretty sure we had a boom budt cycle pre f...Uhhh im pretty sure we had a boom budt cycle pre federal reserve. Infact booms were greater and busts were worse. We spend around 19% of our time in recession now compared with upwards of 40% pre fed. Central bank or no centtal bank there has always been a no bust cycle and it is ridiculous to assert otherwise.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-69573582708305827132011-01-07T18:21:44.722-05:002011-01-07T18:21:44.722-05:00I'm going to assume that the primary cause of ...I'm going to assume that the primary cause of the "revenue" shortfall is the funny money induced Great Recession. Thanks to the obfuscations of folks like the Obtuse-nik Krugman, it's not well known that funny money causes the boom/bust cycle. It's most likely that the recent bust was the primary cause of the unexpected shortfall.<br /><br />Which, because I'm a low tax guy, is all my fault, I suppose.Bob Roddisnoreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-3826130089409920582011-01-07T18:01:57.619-05:002011-01-07T18:01:57.619-05:00I'll add that just because the state workers a...I'll add that just because the state workers aren't in unions doesn't mean that the politicians in the state don't regularly steal (legally of course) from the taxpayers to pay off their friends in the government with higher pay and benefits, and get some of that money back in campaign contributions.Rick Tnoreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-2407124472568496052011-01-07T16:25:09.730-05:002011-01-07T16:25:09.730-05:00Also, last time I was there in December, Texas was...Also, last time I was there in December, Texas was still using Federal Reserve diluted funny money notes as currency.Bob Roddisnoreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-91609134457627162802011-01-07T16:22:55.316-05:002011-01-07T16:22:55.316-05:00I guess this is why I'm not a conservative. I ...I guess this is why I'm not a conservative. I would never argue that a state needs a gargantuan public school system, university system, drug war and prison system. And I would never argue that if it had those things, it would never run out of money to pay for them if taxes are kept real low.<br /><br />Krugman might have a point. Of course, the solution is to abolish government schools and the drug war, not raise taxes. And this says nothing in favor of public service unions and high taxes.Bob Roddisnoreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-22339276672495861512011-01-07T16:06:58.665-05:002011-01-07T16:06:58.665-05:00>First, the CBPP is a left-wing organization th...>First, the CBPP is a left-wing organization that is not exactly going to be objective in this situation. My guess is that if someone who were publicly disagreeing with Krugman were to use something from the Heritage Foundation, Krugman immediately would claim that the study is "tainted."<br /><br />This is hilarious. First you dismiss the information Krugman gave that came from a liberal leaning think tank because it's "biased", but then you try to criticize Krugman for potentially doing the the same thing you just did in a non existent hypothetical situation. Apparently two wrongs (the second wrong being hypothetical) make a right. I could just as easily dismiss everything from the mises institute because its biased. Unless you have something to refute that information, your argument here is ridiculous.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-43957990172655181232011-01-07T15:31:11.750-05:002011-01-07T15:31:11.750-05:00>Of course Krugman failed to mention that Texas...>Of course Krugman failed to mention that Texas has seen a population increase tenfold that of New York over the last decade<br /><br />How is this relevant unless you think economics is a zero sum game?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-82379929467079794232011-01-07T12:29:43.183-05:002011-01-07T12:29:43.183-05:00Unlike some states Texas has a $9.6 billion Rainy-...Unlike some states Texas has a $9.6 billion Rainy-Day Fund balance that can be used to reduce the projected deficit.Tom E. Snyderhttps://www.blogger.com/profile/13425789987903796346noreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-44425778829795154582011-01-07T11:37:00.920-05:002011-01-07T11:37:00.920-05:00Krugman also has a blog-posting up comparing unemp...Krugman also has a blog-posting up comparing unemployment figures between New York and Texas, that apparently looked similar. Of course Krugman failed to mention that Texas has seen a population increase tenfold that of New York over the last decade, and that Texas also attracts a considerable amount of illegal immigrant workers. Krugman can't really make these kind of comparisons when the demographics of New York and Texas are so different.Tibaultnoreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-56902545940105302622011-01-07T11:15:51.049-05:002011-01-07T11:15:51.049-05:00Something confuses me here.
The cigarette tax is ...Something confuses me here.<br /><br />The cigarette tax is for revenues? And not for preventing smoking?<br /><br />The legislators in Illnois do realize the basic economics that they won't collect cigarette taxes if people simply refuse to buy the cigarettes?<br /><br />Happened in Alaska that smokers spent $100 on bulk purchases of cigarettes in the five month period before a new cigarette tax. That's how dedicated the ordinary person is to avoid paying a single tax.Anonymousnoreply@blogger.com