tag:blogger.com,1999:blog-6276561747841568697.post2161370191321678324..comments2024-03-27T05:23:48.855-04:00Comments on Krugman-in-Wonderland: Paul Krugman and His Zombie HistoryWilliam L. Andersonhttp://www.blogger.com/profile/01802990642236807359noreply@blogger.comBlogger20125tag:blogger.com,1999:blog-6276561747841568697.post-38598536333248095592016-04-01T12:55:41.717-04:002016-04-01T12:55:41.717-04:00There is so much in this article that I would neve...There is so much in this article that I would never have thought of on my own. Your content gives readers things to think about in an interesting way. Thank you for your clear information. <a href="http://www.lordmtg.com" rel="nofollow">hard money loans boynton beach</a><br />2009 DREAMhttps://www.blogger.com/profile/15481856703447919606noreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-74223600986943402552013-03-05T09:10:27.899-05:002013-03-05T09:10:27.899-05:00They look so happy...wonderful!
§ Apartment in Sp...<br />They look so happy...<a href="http://care4home.com" rel="nofollow">wonderful!</a><br /><br /><a href="http://care4home.com" rel="nofollow">§ Apartment in Spain</a>care4homehttp://www.care4home.comnoreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-41877200124248808852013-03-04T10:45:13.395-05:002013-03-04T10:45:13.395-05:00Thank you for your wishes
Hope to see more postin... Thank you for your wishes <br />Hope to see more posting related to <br /><br /><a href="http://care4home.com" rel="nofollow">§ Property in Spain</a> <br /><br />care4homehttp://www.care4home.comnoreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-41868063965385492242013-02-18T23:57:20.890-05:002013-02-18T23:57:20.890-05:00Sorry, a typo -- their conclusion was that CRA or ...Sorry, a typo -- their conclusion was that CRA or GSE goals "did not" play a significant role in the crisis. Anonymoushttps://www.blogger.com/profile/02565942957415000785noreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-25750039137275721872013-02-18T23:55:30.375-05:002013-02-18T23:55:30.375-05:00William,
Thanks for the article. I have been loo...William,<br /><br />Thanks for the article. I have been looking for someone to help reconcile the findings from the analysis done by Avery & Brevoort (link below), where they conclude that CRA or the GSE goals played a significant role in the subprime crisis. From the logical chain of events (and having looked at many other unintended consequences of "affordable" anything policeis), I am struggling with their research. Can you please comment on their findings? Thanks!<br /><br />http://www.federalreserve.gov/pubs/feds/2011/201136/index.htmlAnonymoushttps://www.blogger.com/profile/02565942957415000785noreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-5421863250311381642013-02-18T06:54:42.272-05:002013-02-18T06:54:42.272-05:00The moral hazard has one of its root causes in the...<i>The moral hazard has one of its root causes in the FDIC.</i><br /><br />Yes, and go one step further because government has no real ability to backstop any sort of insurance at all. The only thing government can do is transfer the burden from the failed entity onto other non-failed entities. Any time you see government pretending to act as backstop on some sort on insurance scheme, it is a fake, and sooner or later the bluff will be called.Telhttp://lnx-bsp.net/noreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-58269865894870207412013-02-18T06:50:07.551-05:002013-02-18T06:50:07.551-05:00Any historic mention of Fannie Mae and Freddie Mac...Any historic mention of Fannie Mae and Freddie Mac in relation to economic crisis should rightly also discuss Ginnie Mae (GNMA) because this is necessary to complete the picture.<br /><br />Ginnie Mae systematically manipulated the pricing of risk, and in doing so transferred the danger of mortgage default away from the banks and onto the shoulders of the taxpayer. Worse, Ginnie Mae created a centralised assessment of risk, which replaced the diverse individual assessment that would normally operate in a free economy.<br /><br />I believe this is one of the reasons why the government was obliged to bail out the banks, and also why the Fed is pumping up MBS prices by buying with printed money. If the banks were to feel under real pressure they would do the logical thing and pull in massive claims against their Ginnie Mae insurance policies.Telhttp://lnx-bsp.net/noreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-46799763226420912452013-02-16T12:30:59.625-05:002013-02-16T12:30:59.625-05:00The moral hazard has one of its root causes in the...The moral hazard has one of its root causes in the FDIC (the other of course having a printing press at your disposal). Like all Federal insurance programs, it forces the government's hand, as it is cheaper to bail out a bank than to let it fail and pick up the tab for depositor losses. When they deregulated the banks (Glass Steagall etc.), they should have also eliminated the FDIC. I wonder how many depositors BofA would have if there was no FDIC...Dikvoormekaarhttps://www.blogger.com/profile/15258662724178891304noreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-72490146470184727562013-02-16T07:52:03.309-05:002013-02-16T07:52:03.309-05:00Did Sumner leave short replies like this?
http://...Did Sumner leave short replies like this?<br /><br />http://www.themoneyillusion.com/?p=13330#comment-139140<br /><br />http://www.themoneyillusion.com/?p=13330#comment-139433Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-44080459655864486872013-02-16T07:06:10.847-05:002013-02-16T07:06:10.847-05:00BTW, I’ve done at least 100 pages of text in reply...<i>BTW, I’ve done at least 100 pages of text in reply to MF comments.</i><br /><br />I note you provided no link. Where are those comments? My recollection was that Sumner meticulously and purposefully ignored MF while responding to almost every other commenter.Bob Roddishttps://www.blogger.com/profile/17263804608074597937noreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-23557937904509070912013-02-15T23:00:23.189-05:002013-02-15T23:00:23.189-05:00"BTW, I’ve done at least 100 pages of text in..."BTW, I’ve done at least 100 pages of text in reply to MF comments. So you are wrong about that as well. I find that dogmatic ideologues like you and MF are wrong about just about everything. Which is why no one cares what you think." -<br /><br />Scott SumnerAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-15202466862178485202013-02-15T22:57:25.467-05:002013-02-15T22:57:25.467-05:00Much to the dismay of many frequent visitors to th...Much to the dismay of many frequent visitors to that blog. It has to suck being ostracized like that.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-39421017778076384322013-02-15T21:48:47.486-05:002013-02-15T21:48:47.486-05:00Major_Freedom used to calmly and thoroughly critiq...Major_Freedom used to calmly and thoroughly critique Sumner daily. This provoked Sumner to give a typical anti-Austrian analysis:<br /><br />http://www.themoneyillusion.com/?p=17692&cpage=1#comment-205619Bob Roddishttps://www.blogger.com/profile/17263804608074597937noreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-65748839595563857282013-02-15T20:45:33.747-05:002013-02-15T20:45:33.747-05:00Well couldn't you say that about the bastardiz...Well couldn't you say that about the bastardized, botched neoliberalism caused much of the problems in the past 30 years? Scott Sumner loves to defend it.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-50133182718961250502013-02-15T20:02:45.363-05:002013-02-15T20:02:45.363-05:00Why do I pick on the Keynesians? For one thing, th...Why do I pick on the Keynesians? For one thing, they have civilization by the throat. <br /><br />Heck, I read the heck out of the MMTers. I'm quite open minded concerning the various sects of the Keynesian Hoax. <br /><br />http://www.flickr.com/photos/bob_roddis/5560086644/in/set-72157626353319778<br /><br />Just the other day, I was mocking the Post Keynesian Minsky-ites for their purposeful obliviousness.<br /><br />http://krugman-in-wonderland.blogspot.com/2013/02/kick-that-keynesian-habit.html?showComment=1360502200698#c1128148807086389412Bob Roddishttps://www.blogger.com/profile/17263804608074597937noreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-29202173835654207252013-02-15T19:51:39.837-05:002013-02-15T19:51:39.837-05:00Why are you acting so arrogant, Bob and why is it ...Why are you acting so arrogant, Bob and why is it that in the world of people like you, the only school of economics that matters to you is Keynesianism, and you don't even bother to note the many variants of it?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-65623400088347319002013-02-15T18:47:28.110-05:002013-02-15T18:47:28.110-05:00That neither Krugman nor any other Keynesian has e...That neither Krugman nor any other Keynesian has ever or will ever present a fair, honest and true account of Austrian concepts and analysis just SCREAMS the obvious fact that our analysis is quite irrefutable and must be distorted in every instance by the Keynesians. There is a reason why the basic Misean analysis from 1912 was completely omitted from "The General Theory" in 1936. Nothing has changed and nothing will change. It's all over. We've won.Bob Roddishttps://www.blogger.com/profile/17263804608074597937noreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-62003662991509623172013-02-15T17:33:22.158-05:002013-02-15T17:33:22.158-05:00I have heard many people blame Countrywide for the...I have heard many people blame Countrywide for the housing collapse, but at the height of the bubble Fannie and Freddie held more sub prime securities than Countrywide.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-91241450311251379012013-02-15T17:26:57.360-05:002013-02-15T17:26:57.360-05:00Excellent post as usual William.
I have yet to ...Excellent post as usual William. <br /><br />I have yet to meet a single Austrian Economist who was surprised by the bursting of the housing bubble.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-88690084589958630162013-02-15T16:29:30.605-05:002013-02-15T16:29:30.605-05:00Fantastic article. So clear and to the point. Tha...Fantastic article. So clear and to the point. Thanks for putting it out. Thomas D.noreply@blogger.com