tag:blogger.com,1999:blog-6276561747841568697.post3532552231181013355..comments2024-03-27T05:23:48.855-04:00Comments on Krugman-in-Wonderland: Krugman and the Keynesian View of EntrepreneurshipWilliam L. Andersonhttp://www.blogger.com/profile/01802990642236807359noreply@blogger.comBlogger30125tag:blogger.com,1999:blog-6276561747841568697.post-17624419273380396952021-05-06T15:30:55.277-04:002021-05-06T15:30:55.277-04:00Sugoi dekai meaning
sugoi dekai meaning US Sugoi D...<a href="https://sites.google.com/view/sugoi-dekai-meaning/home/" rel="nofollow"> Sugoi dekai meaning</a><br />sugoi dekai meaning US Sugoi Dekai is a Japanese saying or phrase that means “Very much so”. The phrase "Sugoi Dekai" contains two words' Sugoi '&' Dekai'.Sugoi means great, strong, great, wonderful, wonderful, and wonderful. Also, Dekai means great, great and great sugoi dekai meaning.<br />Sugoi dekai meaninghttps://www.blogger.com/profile/05008785016200792959noreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-85213396659245567082021-02-23T02:44:51.551-05:002021-02-23T02:44:51.551-05:00Arabic Sweets in Dubai
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Best SEO Company in Duba...<a href="https://community.cypress.com/external-link.jspa?url=https%3A%2F%2Fnockcode.com" rel="nofollow">Best SEO Company in Dubai</a><br /><a href="https://community.cypress.com/external-link.jspa?url=https%3A%2F%2Fnockcode.com%2F" rel="nofollow">Best SEO Company in Dubai</a><br /><a href="https://community.esri.com/external-link.jspa?url=https%3A%2F%2Fnockcode.com" rel="nofollow">Best SEO Company in Dubai</a><br /><a href="https://community.esri.com/external-link.jspa?url=https%3A%2F%2Fnockcode.com%2F" rel="nofollow">Best SEO Company in Dubai</a><br /><a href="https://community.nfpa.org/external-link.jspa?url=https%3A%2F%2Fnockcode.com" rel="nofollow">Best SEO Company in Dubai</a><br />Nock Codehttps://www.blogger.com/profile/11269466749381592587noreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-46838809451338401632020-12-09T03:59:49.380-05:002020-12-09T03:59:49.380-05:00bitsourceit<a href="https://images.google.com.sg/url?q=https://bitsourceit.com/" rel="nofollow">bitsourceit</a><br /><br />BitSourceithttps://www.blogger.com/profile/04938495428489400262noreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-29995128766586962092012-07-19T05:21:54.738-04:002012-07-19T05:21:54.738-04:00First off, I love Krugman-in-Wonderland. I love Dr...First off, I love Krugman-in-Wonderland. I love Dr. William Anderson's work. He is easily top tier of the Austrian School along with Dr. Robert Murphy and Dr. Tom Woods. Everyone wants Murphy to challenge Krugman, but I suspect that Anderson would be his coach for the debate. No one has gotten inside Krugman's head more than Anderson. That being said, every post by Anderson is a free economics lesson. Sometimes, though, I feel that he is casting pearls at swine as many like Dune viciously attack him. Nevertheless, I encourage Anderson to keep it up. I love all of this posts. He has taught me more about Austrian apologetics (how to interact with mainstream economists) than anyone else. What he teaches has tons of practical benefits. <br /><br />For all of you who are Krugman apologists, mind you all that Krugman shows utter disdain for anyone not him, including other Keynesian economists. If you want to ally yourselves with the ego trip that is Krugman so be it, but Dr. Anderson actually has a sense of sarcastic humor. His jokes are not out of animus. He does not actively insult anyone who is not 110% in lock step with him. Likewise he uses literary devices like hyperbole to convey his points. Like with Entrepreneurship, Krugman did not get his Nobel Prize in that field of economics. He in fact knows very little of the usefulness an entrepreneur has for the economy. He views things as 'industrial clusters' (sounds like a skin disease to me not an economic term).Roger Drinnonnoreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-43324424660985710692012-07-18T17:17:02.616-04:002012-07-18T17:17:02.616-04:00William L. Anderson: Someone cleverly sent me this...<b>William L. Anderson</b>: <i>Someone cleverly sent me this link in response to my saying that Krugman never says anything about entrepreneurship. Yes, the guy is serious. He mentions the word more than four years ago, and that is "proof" that Krugman is an expert on the entrepreneur or something like that. </i><br /><br />No, it's merely proof that this statement: <br /><br /><b>William L. Anderson</b>: <i>Notice a word that never appears in any of Krugman's columns; never. It is "entrepreneurship." </i><br /><br /> is incorrect. <br /><br /><b>William L. Anderson</b>: <i>Furthermore, Zachriel's dictum assumes that the politicians who regulate have no self-interest whatsoever and would not try to manipulate the system to serve them and their friends. </i><br /><br />What dictum is that exactly?Zachrielhttps://www.blogger.com/profile/11268229653808829377noreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-46568505165150541802012-07-18T11:36:43.614-04:002012-07-18T11:36:43.614-04:00Economics is a social science. Nearly all economis...<i>Economics is a social science. Nearly all economists recognize the need for some political regulation of the economy.</i><br /><br />Of course they recognize the need some political regulation. They are the ones who want jobs regulating the economy. It's paradise for them: if they fail, they can always blame the market and demand more regulation, which means more jobs for them. If they fail miserably, they can still blame the lack of regulations. It requires no reasonable thought, just politics and a bunch of math to confuse the hell out of people.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-14918369077182679322012-07-18T09:51:09.925-04:002012-07-18T09:51:09.925-04:00>Nearly all economists recognize the need for s...>Nearly all economists recognize the need for some political regulation of the economy.<br /><br />That is because they are human, and are letting their political/social/tribal alliances bias, or in the case of the more socialist "economists", like Krugman, completely override their knowledge. See the biologists that support ID and MDs that practice alternative medicine for similar biases.William B Swifthttps://www.blogger.com/profile/12662130505120242952noreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-37778073786414246442012-07-18T09:40:35.635-04:002012-07-18T09:40:35.635-04:00What do you mean by "political regulation,&qu...What do you mean by "political regulation," and who does the regulating? Are you telling us that politicians are omniscient and, therefore, know exactly what kinds of regulations to employ and how to employ them?<br /><br />The economic models that are used generally assume perfect knowledge among all of the actors, which is why Oskar Lange and Paul Samuelson believed that government can create a more effective economy because political actors can coerce people into doing whatever is necessary.<br /><br />However, take away the perfect knowledge hypothesis and what you have are people asserting control. Furthermore, Zachriel's dictum assumes that the politicians who regulate have no self-interest whatsoever and would not try to manipulate the system to serve them and their friends. That only occurs in Wonderland.William L. Andersonhttps://www.blogger.com/profile/01802990642236807359noreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-89540189521681878442012-07-18T07:57:40.462-04:002012-07-18T07:57:40.462-04:00William B Swift: My definition of socialism, as us...<b>William B Swift</b>: <i>My definition of socialism, as used in this quote (I sometimes use a stricter one where appropriate)is any political regulation of the economy, including but not limited to rent control, price controls, agricultural and other subsidies, professional and business licensing, and others. Some places are more socialist than others, but these practices are in themselves socialist. </i><br /><br />Then the analogy doesn't work. The biological Theory of Evolution is a broadly applicable scientific explanatory framework. To be analogous, socialism would have to be defined as a comparable explanatory theory. <br /><br /><b>William B Swift</b>: <i>Economics may not be a science, but it is our current best understanding of how societies function, and ignoring it is the same sort of stupid wishful thinking that is Creationism and other religious beliefs. </i><br /><br />Economics is a social science. Nearly all economists recognize the need for some political regulation of the economy.Zachrielhttps://www.blogger.com/profile/11268229653808829377noreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-27474210414602861952012-07-18T07:45:42.496-04:002012-07-18T07:45:42.496-04:00My definition of socialism, as used in this quote ...My definition of socialism, as used in this quote (I sometimes use a stricter one where appropriate)is any political regulation of the economy, including but not limited to rent control, price controls, agricultural and other subsidies, professional and business licensing, and others. Some places are more socialist than others, but these <i>practices</i> are in themselves socialist.<br /><br />Economics may not be a science, but it is our current best understanding of how societies function, and ignoring it is the same sort of stupid wishful thinking that is Creationism and other religious beliefs.William B Swifthttps://www.blogger.com/profile/12662130505120242952noreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-31804720411151343862012-07-18T06:42:11.504-04:002012-07-18T06:42:11.504-04:00Macro
Economics is not a science. To start from...Macro<br /><br />Economics is not a science. To start from the presumption it is, begins the problem.Mike Mnoreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-73720721876526780682012-07-18T04:57:22.501-04:002012-07-18T04:57:22.501-04:00Socialism is to economics as Creationism is to bio...<i>Socialism is to economics as Creationism is to biology.</i><br /><br />I get it. Central planning vs emergent self organizing. Playing off the left wing Atheists against the right wing Christians. Good work.<br /><br />I've been reading Robert H Frank, <i>The Darwin Economy</i> lately -- it is full of the most amazing errors, but still somewhat interesting to see at least one guy trying to get his head around things.Telhttp://lnx-bsp.net/noreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-46193575407747954222012-07-18T03:00:47.971-04:002012-07-18T03:00:47.971-04:00@mike m. You confused natural experiment with labo...@mike m. You confused natural experiment with laboratory experiment. A lot of astronomy is natural experiments and there is nothing wrong with that.macromanhttps://www.blogger.com/profile/04142304372187307154noreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-84596861115923016592012-07-17T17:16:51.357-04:002012-07-17T17:16:51.357-04:00William B Swift: You might find an analogy I came ...<b>William B Swift</b>: <i>You might find an analogy I came to recently interesting. Socialism is to economics as Creationism is to biology. </i><br /><br />How are you defining socialism?Zachrielhttps://www.blogger.com/profile/11268229653808829377noreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-34894516909881754522012-07-17T09:04:01.931-04:002012-07-17T09:04:01.931-04:00You might find an analogy I came to recently inter...You might find an analogy I came to recently interesting. Socialism is to economics as Creationism is to biology.William B Swifthttps://www.blogger.com/profile/12662130505120242952noreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-23950032922163480972012-07-17T01:30:22.402-04:002012-07-17T01:30:22.402-04:00"Low inflation? Hogwash! They must be measuri..."Low inflation? Hogwash! They must be measuring it wrong."<br /><br />What is inflation, incidentally? How do you measure <br /><br />"Near 0% borrowing costs for US debt?"<br /><br />How are interest rates determined today, btw? LIBOR, anyone? Just curious, you see.....Balanoreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-36656449116783149082012-07-16T20:16:17.831-04:002012-07-16T20:16:17.831-04:00Dune
Thank You. It's always much more effect...Dune<br /><br />Thank You. It's always much more effective when an individual demonstrates their own ignorance of a subject matter rather than have to engage in the painful process of doing it for them.Mike Mnoreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-33984421769455373262012-07-16T19:26:41.305-04:002012-07-16T19:26:41.305-04:00"Economics is not a science experiment."..."Economics is not a science experiment."<br /><br />Oh that's right. Economics to Austrians is like some weird ideological religion, complete with myths, superstitions and idolatry. Therefore, even if facts on the question their dogma, they simply wave it away. Low inflation? Hogwash! They must be measuring it wrong. Near 0% borrowing costs for US debt? Those silly investors must be blind!Dunenoreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-37057006467697646852012-07-16T18:52:54.543-04:002012-07-16T18:52:54.543-04:00Dune said:
"Are you telling me emigration is...Dune said:<br /><br />"Are you telling me emigration isn't occurring in Spain?"<br /><br />Did I say that? No. You said you like data. I gave you data.<br /><br />"We have a clear natural experiment in which two countries..."<br /><br />OMG no we don't! Economics is not a science experiment. It is a biological organism made up of 7 billion people each making decisions based on a whole array of preferences, constraints and imputs, etc. If you think economics is some kind of test tube experiment in a big lab then that explains why you fail to understand some of the positions here. You simply can't pull a lever or push a button and assume a static environment. Human beings don't work that way.Mike Mnoreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-78499208727750123572012-07-16T18:30:15.641-04:002012-07-16T18:30:15.641-04:00Re: Dune,
"The argument put forward by Anders...Re: Dune,<br /><i>"The argument put forward by Anderson and jason is that sky high, persistent joblessness in Spain is a result of its tight labor laws."</i><br /><br />Persistent joblessness in Spain is explained by other factors besides the barrier to entry that Bill points to, like a big welfare state and rampant unionism.<br /><br /><i>"However, Ireland has a much more favorable business climate than Spain and is still experiencing the same chronic high unemployment."</i><br /><br />You are a liar, sir. The unemployment rate in Spain is close to reach the 20% mark whereas it is around 13% in Ireland. Ireland still "enjoys" many regulations that hinder hiring especially among the young and inexperienced, a reason many are considering migrating. But that does not mean Ireland is just as bad as Spain.Old Mexicanhttp://oldmexican.blogspot.com/noreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-29054700801271498452012-07-16T18:21:30.527-04:002012-07-16T18:21:30.527-04:00Re: Doug,
"[H]ow do labor laws (which have ac...Re: Doug,<br /><i>"[H]ow do labor laws (which have actually improved in recent years) explain an unemployment rate which is twice that of Spain's historical average?</i><br /><br />The Spanish economy is two times worse now than the historical average.<br /><br /><i>"Weren't these same restrictions on business in place 10-15 years ago?"</i><br /><br />No, there were <i>different</i> restrictions, some of them being those that created the great Spanish housing bubble.Old Mexicanhttp://oldmexican.blogspot.com/noreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-26466567838589772902012-07-16T18:05:44.182-04:002012-07-16T18:05:44.182-04:00"In 2011 76,000 emigrated from the country. M..."In 2011 76,000 emigrated from the country. Mostly young people that can't find work. When you reduce the denomintor in the calculation, things "look" better."<br /><br />Are you telling me emigration isn't occurring in Spain? I don't understand your argument at all...<br /><br />Neither of you two addressed my central question. We have a clear natural experiment in which two countries experienced a housing boom and bust due to an influx of foreign investment. <br /><br />The argument put forward by Anderson and jason is that sky high, persistent joblessness in Spain is a result of its tight labor laws. However, Ireland has a much more favorable business climate than Spain and is still experiencing the same chronic high unemployment. What is your explanation for this?Dunenoreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-68061510994109888762012-07-16T17:21:25.274-04:002012-07-16T17:21:25.274-04:00Jason
You're right. At Irelend's present...Jason<br /><br />You're right. At Irelend's present rate of people leaving they will be at full employment soon! Then the Progressives can use it as "evidence" that high taxes don't hurt the economy.Mike Mnoreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-55261608472554384682012-07-16T16:58:26.132-04:002012-07-16T16:58:26.132-04:00When you reduce the denominator in the calculation...<i>When you reduce the denominator in the calculation, things "look" better.</i><br /><br />Actually, its both numerator and denominator. Still 'improves' the numbers though.<br /><br />10/100 = 10%<br />9/99 = 9.1%<br />8/98 = 8.2%<br />7/93 = 7.5%<br />...<br />etc.<br /><br />I think the takeaway is that regulations make the business cycle worse because labor is slower to move to new lines of production.jason hhttps://www.blogger.com/profile/03795436962579269461noreply@blogger.com