tag:blogger.com,1999:blog-6276561747841568697.post4727158505765922352..comments2024-03-27T05:23:48.855-04:00Comments on Krugman-in-Wonderland: That Fax Machine Must Have Had Some Kind of Impact!William L. Andersonhttp://www.blogger.com/profile/01802990642236807359noreply@blogger.comBlogger25125tag:blogger.com,1999:blog-6276561747841568697.post-87839140269778838232020-03-02T13:21:09.978-05:002020-03-02T13:21:09.978-05:00Amazing blog create,i like your post to read.It is...Amazing blog create,i like your post to read.It is good for everyone who need this.<a href="https://www.metallomontazh.ru/" rel="nofollow">metallomontazh.ru</a>Jannatul fardoushttps://www.blogger.com/profile/04182362650822006684noreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-52609385542778152922018-08-12T13:50:39.133-04:002018-08-12T13:50:39.133-04:00Awesome blog. I enjoyed reading your articles. Thi...Awesome blog. I enjoyed reading your articles. This is truly a great read for me. 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Many thanks and best of luck. my sites:<a href="https://faxbb.com/" rel="nofollow">bulk faxing</a><br />Anonymoushttps://www.blogger.com/profile/05704159231627046186noreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-15148224455298854992015-09-05T02:56:46.481-04:002015-09-05T02:56:46.481-04:00Great! We will be connecting to this enormous post...Great! We will be connecting to this enormous post on our site. Continue the good writing.<a href="http://googlefaxhelp.com/" rel="nofollow">google fax</a>Simon Armitagehttps://www.blogger.com/profile/11372479980391015717noreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-28919235792371453062013-04-17T16:27:13.587-04:002013-04-17T16:27:13.587-04:00I just had a discussion with someone who was attem...I just had a discussion with someone who was attempting to convince me that it is Private Debt that is the real danger to the USA. Not Public Debt. I suggested they were two sides of the same coin. Why would you not attempt to engage in debt if the fact that you do not engage in debt practices means that you lose purchasing power due to inflation?<br /><br />So the best course of action is to engage in debt purchases or else you lose value in your currency due to inflation. They did not really have a response to this.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-65944368630429668312013-04-06T03:43:41.936-04:002013-04-06T03:43:41.936-04:00... most people have nothing to say to each other!...<i>... most people have nothing to say to each other!</i><br /><br />Peasants, communicating? What a waste of time. What could those insignificant people possibly have to say that would be of any interest?<br /><br />Television should be good enough for them, we can tell them what to think.Telhttp://lnx-bsp.net/noreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-47810031203386361632013-04-04T09:27:55.454-04:002013-04-04T09:27:55.454-04:00This comment should have taken care of Krugman and...This comment should have taken care of Krugman and his "the Fed can't blow up asset bubbles" nonsense once and for all. Everyone should copy these links and pull them out on a daily basis:<br /><br />http://krugman-in-wonderland.blogspot.com/2013/02/austrians-and-predicted-inflation-my.html?showComment=1361500866658#c7653364100136359202Bob Roddishttps://www.blogger.com/profile/17263804608074597937noreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-64762564772871814302013-04-04T07:37:43.834-04:002013-04-04T07:37:43.834-04:00In addition to claiming that governments/central b...In addition to claiming that governments/central banks cannot blow asset bubbles, he now asserts that central bank bond buying has had no, repeat NO effect on yields whatsoever. He claims to be baffled by claims of a fed fuelled bond bubble. Any comments?R.E.Bnoreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-61417786403896945752013-04-04T05:39:03.610-04:002013-04-04T05:39:03.610-04:00Wait!!!! According to the Forbes study, Ireland is...Wait!!!! According to the Forbes study, Ireland is "happier" than the USA. But that is impossible. Why? According to Paul Krugman, Ireland practices AUSTERITY!!!<br /><br />And (as Bob Murphy pointed out), Ireland is not in a boom, and according to the Keynesians, the only way one deals with the logical fallout from the previous boom being unsustainable is to create another boom. <br /><br />So, scratch the happiness stuff. Ireland cannot be happy. Thus Spoke Zarathustra Krugman.William L. Andersonhttps://www.blogger.com/profile/01802990642236807359noreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-43335867486760127602013-04-04T05:33:32.492-04:002013-04-04T05:33:32.492-04:00There is no such thing as a "happy country&qu...There is no such thing as a "happy country" or a "sad country." These "happiness studies" engage in interpersonal utility comparisons, and those are impossible. Even an academic economist can tell you that.<br /><br />According to the "happiness studies" that are used by the government of Maryland to push Gov. O'Malley's "Plan Maryland," Haiti is much happier than the USA,so I guess that it must have a great social welfare system or economy or something like that.<br /><br />In looking at the Forbes article, I must admit to being surprised about Africa. After all, African countries have some of the world's highest tax rates and they have all sorts of laws on the books highly regulating businesses. And the governments there (especially Zimbabwe) print lots of money, which proves they are not "revenue constrained." One would think, at least according to the Keynesians, that these measures are vital to both happiness and a strong economy.William L. Andersonhttps://www.blogger.com/profile/01802990642236807359noreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-57249278075031080492013-04-03T22:51:03.882-04:002013-04-03T22:51:03.882-04:00Scandinavian countries, ones you oppose because of...Scandinavian countries, ones you oppose because of their "progressiveness" are among the happiest in the world!<br /><br />http://www.forbes.com/sites/christopherhelman/2013/01/09/the-worlds-happiest-and-saddest-countries-2/<br /><br />Explain this.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-13162963113582062112013-04-03T22:46:55.898-04:002013-04-03T22:46:55.898-04:00All that stuff sounds like pseudo common sense to ...All that stuff sounds like pseudo common sense to me. Those evil Keynesians are trying to distort the market process, blah, blah, blah. The murderous progressives who want universal healthcare and better education are suddenly the bad guys. It's almost like a conspiracy theory! Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-79365043115252622462013-04-03T22:38:17.056-04:002013-04-03T22:38:17.056-04:00Anonymous:
If you can't tell by now that Lord...Anonymous:<br /><br />If you can't tell by now that Lord Keynes does not understand Austrian concepts or analysis, why don't you take up another subject? Like sports. Or sewing?<br /><br />http://consultingbyrpm.com/blog/2012/09/tom-woods-keeps-krugmans-feet-to-the-fire.html#comment-45198Bob Roddishttps://www.blogger.com/profile/17263804608074597937noreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-46529207904053811742013-04-03T22:30:26.276-04:002013-04-03T22:30:26.276-04:00What about "Lord Keynes?" He says that y...What about "Lord Keynes?" He says that you don't seem to understand basic Austrian concepts yourself.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-89077556547168325492013-04-03T22:14:30.150-04:002013-04-03T22:14:30.150-04:00What I said was:
They are basically Stalinists of...What I said was:<br /><br /><i>They are basically Stalinists of a slightly different breed, allowing the peasants a slightly longer leash.</i><br /><br />I believe that Keynesians are motivated by a perverse desire to control others. And like the "progressives" of the 30s and 40s, they defend the undefendable regardless of evidence or logic.<br /><br />I've said it before and I'll say it again. There does not seem to be a single Keynesian in the entire galaxy that has any familiarity with even basic Austrian concepts or analysis. That does not stop the name-calling.Bob Roddishttps://www.blogger.com/profile/17263804608074597937noreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-75092209427823445702013-04-03T21:44:52.471-04:002013-04-03T21:44:52.471-04:00Bob Roddis, is there some type of jealousy between...Bob Roddis, is there some type of jealousy between you and fans of Keynes or are you trying to troll? Stalinist is a harsh word for people who still want to maintain the capitalist system. What problem do you have with gradual equality and democracy?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-34556124859016817082013-04-03T18:40:15.195-04:002013-04-03T18:40:15.195-04:00Keynesians obsess about the consumer, but then fai...<i>Keynesians obsess about the consumer, but then fail to recognize the mechanism by which consumer goods are made available.</i><br /><br />It seems to me that it's really worse than that. The activist "progressive" Keynesians vehemently and actively refuse to engage the obvious nature of human creativity, wealth creation and voluntary exchange. They are basically Stalinists of a slightly different breed, allowing the peasants a slightly longer leash.<br /><br />Follow the dishonest and pathetic hair splitting of "Lord Keynes" and the MMT boys today. They just do not want to accept a world where people can and do create good lives and prosperity without the "help" of the meddling Keynesian bureaucrat/overseer diluting the funny money supply and creating government debt.<br /><br />http://mikenormaneconomics.blogspot.com/2013/04/lord-keynes-mises-flunks-evolution-101.htmlBob Roddishttps://www.blogger.com/profile/17263804608074597937noreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-91798396277173354502013-04-03T17:36:24.796-04:002013-04-03T17:36:24.796-04:00Good point about nuke power, Sarah. What happened ...Good point about nuke power, Sarah. What happened was that post-World War II when people were starting to push nuclear power, U.S. insurance companies could not underwrite nuclear plants because state laws required there to be a history of whatever was insured (laws from the Progressive Era), and nuclear power was brand new.<br /><br />Thus, Congress gave us the Price-Anderson Act, which made the government the "insurance" underwriter. The act also created the Nuclear Regulatory Commission to oversee nuclear power.<br /><br />Let us just say the results have not been what was anticipated.William L. Andersonhttps://www.blogger.com/profile/01802990642236807359noreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-80988554946598535762013-04-03T17:02:36.813-04:002013-04-03T17:02:36.813-04:00@Anonymous Sure, on a micro level, I agree: the *s...@Anonymous Sure, on a micro level, I agree: the *specific* predictions can be fanciful. Nonetheless, in terms of the larger picture, which, to me, is improvements in life quality and net gains of value creation given scarce resources, might it be the case that the backward-looking nature of the regulatory process has hampered the forward progress of technology? Sometimes I think nuclear power was the greatest bait-and-switch ever. Use government to encourage development of a technology so risk-ridden that no truly private enterprise would take it on, and then its detractors can claim that its obvious and irretrievable costs demonstrate the need to consider every possible eventuality before pursuing technological (or any) innovation. More gravy for regulators! Win!Sarahhttps://www.blogger.com/profile/02518101349831338151noreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-37721508835003711042013-04-03T14:00:21.792-04:002013-04-03T14:00:21.792-04:00@Sarah,
A flying car or gyrocopter is a very ener...@Sarah,<br /><br />A flying car or gyrocopter is a very energy hungry apparatus.<br /><br />The prime reason a lot of the technological "promises" of futurists in the 1960s haven't arrived is Energy cost. IT en Telecom is relatively low in energy demand in comparison to the economic value those technologies added. <br /><br />As the recent changes due to shale gas/oil show, this isn't that much related to regulatory and tax policy.<br /><br />The American Shale Oil/Gas boom is due to the fact that Americans privately own the resources below their land. As a result private persons in the US have a lot of reasons to start exploiting those resources.<br /><br />In Europe and many other countries around the world everything in the ground is government property. They aren't agressively pushing shale oil/gas. Why shouldn't they. They risk damage to their homes without seeing benefits stuffing their pockets.<br /><br />You do see industries returning to the USA now due to cheaper energy.<br />Natural gas is difficult to ship around the world. It requires pipelines and is therefore a resource of more or less continental relevance and hence now creates a cost difference in doing energy intensive business.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-16721893969759299222013-04-03T13:07:28.515-04:002013-04-03T13:07:28.515-04:00This is a great post, but really is not a dig agai...This is a great post, but really is not a dig against Krugman. He, like most of the self appointed "top" economists are victims of a failed university system. As someone who needs to hire economists I am at the mercy of the group-think that prevails in academic economics. I can barely find a graduate from even a masters program who even knows who Adam Smith was, much less anything about Schumpeter, or Mill. If you don't understand the basic underpinnings of a field of study, your complex modeling skills are useless.<br /><br />All of these people learn the same Keynesian crap (not knowing its even Keynes). They know nothing about markets, much less how to communicate about economics. It really frustrates me since I need to retrain them once they start at my firm.<br /><br />Groupthink leads to bad decisions. This is true in any field. Until we actually start teaching people about economics, they will continue to turn to populists like Krugman and Bernanke even though they are empty vessels.<br /><br />Just my two centsJohn Dunhamnoreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-19854036177579730302013-04-03T11:12:28.823-04:002013-04-03T11:12:28.823-04:00Is anyone really surprised? Krugman is the same pe...Is anyone really surprised? Krugman is the same person that looked at the current oil boom taking place in the mid west and said that oil field jobs were not propelling the boom.<br /><br />He is also the same person that would prefer to build toy laser guns to fight off martians rather than promote (at minimum) $350 Billion in economic activity in the Dakotas.KSBnoreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-73276826051040023802013-04-03T10:08:05.924-04:002013-04-03T10:08:05.924-04:00Ha, had to Google the word "Pigovian". S...Ha, had to Google the word "Pigovian". Second link was an article in the NYT proposing some wonderful new taxes to help the economy. Classic.Jim Foyenoreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-89038899095134175152013-04-03T09:49:33.708-04:002013-04-03T09:49:33.708-04:00Excellent point, Sarah. To a Keynesian, an economy...Excellent point, Sarah. To a Keynesian, an economy is a total mathematical abstraction and has little to do with what an economy really is.William L. Andersonhttps://www.blogger.com/profile/01802990642236807359noreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-1026012792201881972013-04-03T09:43:19.532-04:002013-04-03T09:43:19.532-04:00In reading Krugman's original post, I'm re...In reading Krugman's original post, I'm reminded of Peter Thiel's comments about technological progress: "They promised us flying cars but we got 140 characters," referring to twitter. It woukd be instructive to examine the way in which regulatory and tax policy may be part of, or even *the* reason why some of these deeper technological, productivity, and quality-of-life advancements have not come to pass. Keynesians obsess about the consumer, but then fail to recognize the mechanism by which consumer goods are made available.Sarahhttps://www.blogger.com/profile/02518101349831338151noreply@blogger.com