tag:blogger.com,1999:blog-6276561747841568697.post6226096335273340573..comments2024-03-19T05:15:56.934-04:00Comments on Krugman-in-Wonderland: Borrowing and Spending: The Way to WealthWilliam L. 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Well, what would you do?Cash loans bad credit, are illuminating the dark days of the financial crisis.<br /><br />For more info : http://paydayloanswithnocreditcheck.co.ukAnonymoushttps://www.blogger.com/profile/12831072997047834199noreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-73156565277523726542013-04-16T22:18:21.097-04:002013-04-16T22:18:21.097-04:00This is indeed a very controversial matter. Howeve...This is indeed a very controversial matter. However, you were able to present such issues in a way that could spark a debate among your readers.Sam Brennanhttp://www.paydayloan123.co.uk/noreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-49313943597050844162013-04-12T14:06:16.060-04:002013-04-12T14:06:16.060-04:00This we-owe-it-to-ouselves-nonsense has been aroun...This we-owe-it-to-ouselves-nonsense has been around for quite a while. Lately Krugman is just the most vocal and well-known supporter of the idea.<br /><br />The question I've always had for these idiots is, if it's so wonderful to owe money to ourselves, please explain how current debt servicing is helping anyone besides those that loaned the govt the money in the first place.russellhttps://www.blogger.com/profile/08346207211821004125noreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-58050067639942108762013-04-06T21:22:10.522-04:002013-04-06T21:22:10.522-04:00Duh Mike you used the wrong example. Keynes wrote ...Duh Mike you used the wrong example. Keynes wrote The General Theory in 1936 which was 77 years ago. Since that's even older than Rothbard's work, the whole of Keynesian Economics can pretty much be thrown out as well and truly irrelevant. Too old! Must be wrong!<br /><br />Recently though, I have been bumping into little pockets of freefall around the place. Nothing to worry about, but enough to make one contemplate. Is it just me or have you guys noticed this as well?<br />Telhttp://lnx-bsp.net/noreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-67074346061441224422013-04-06T18:15:58.664-04:002013-04-06T18:15:58.664-04:00Anonymous said...
"all you did was refer to ...Anonymous said...<br /><br />"all you did was refer to a book Murray Rothbard wrote around 42 years ago. How is any of what he wrote relevant for today's economy?"<br /><br />And we have Newton’s 300 year old law of gravity. How is any of that relevant for today’s physical world?<br />Mikenoreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-49610203606066295612013-04-06T13:41:26.913-04:002013-04-06T13:41:26.913-04:00At least give LK for being able to cite his source...<i>At least give LK for being able to cite his sources and passages from specific Austrian texts. Krugman has no interest in wasting his time trying to read 1000+ pages from Man, Economy and State and Human Action.</i><br /><br />Interesting proposition. LK reads and cites book after Austrian book and still manages to misrepresent Austrian analysis. On the other hand, Krugman need not even read Austrian sources to misrepresent Austrian analysis. <br /><br />That is just so devastating to the Austrians. You know that my hobby is eliciting such pathetic “arguments” from Keynesians, don’t you?Bob Roddishttps://www.blogger.com/profile/17263804608074597937noreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-57693772146859311102013-04-06T12:48:06.460-04:002013-04-06T12:48:06.460-04:00At least give LK for being able to cite his source...At least give LK for being able to cite his sources and passages from specific Austrian texts. Krugman has no interest in wasting his time trying to read 1000+ pages from Man, Economy and State and Human Action.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-73170054728279691352013-04-06T12:43:44.899-04:002013-04-06T12:43:44.899-04:00I have nothing against Lord Keynes other than he&#...I have nothing against Lord Keynes other than he's a monstrous liar who still does not understand basic Austrian concepts or analysis. Further, I do not expect other Keynesians or "progressives" to appreciate that fact. My message is for other Austrians so they can appreciate that the debate is over, we have won and the Keynesians have nothing left but lies and truth suppression which is the entirety of their response to Austrian analysis.<br /><br />This should be clear from the response to Stockman's NYT article.<br /><br />http://consultingbyrpm.com/blog/2013/04/stockman-bashing-is-seriously-getting-out-of-hand.htmlBob Roddishttps://www.blogger.com/profile/17263804608074597937noreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-5837841829682695102013-04-06T12:32:36.109-04:002013-04-06T12:32:36.109-04:00This same conspiracy is about as ridiculous as bel...This same conspiracy is about as ridiculous as believing in the Illuminati, the New World Order, the racist, antisemitic Jewish world conspiracy and many others. Let's stick to facts, not delusions that anyone who gets inspiration from Keynes is out to destroy the world or inflate the money supply.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-2636564386451987102013-04-06T12:28:39.607-04:002013-04-06T12:28:39.607-04:00You didn't answer any of my questions and all ...You didn't answer any of my questions and all you did was refer to a book Murray Rothbard wrote around 42 years ago. How is any of what he wrote relevant for today's economy?<br /><br />I swear you must be some type of Austrian troll who believes that he's exposing the great Keynesian elitist conspiracy. What are you? Glenn Beck? Alex Jones?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-61188268418406928822013-04-06T12:08:23.710-04:002013-04-06T12:08:23.710-04:00Everyone take a nice long look at the detailed dem...Everyone take a nice long look at the detailed demonstration by "Anonymous" of his expertise regarding the concepts of voluntary exchange, Cantillon Effects, and inflationary distortions that do not appear in the CPI as explained by Rothbard in "America's Great Depression".<br /><br />We've won. The debate is over. All that's left is the pathetic sniping by the losers. And they certainly are losers.Bob Roddishttps://www.blogger.com/profile/17263804608074597937noreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-50554448703619179352013-04-06T10:45:58.448-04:002013-04-06T10:45:58.448-04:00I will concede that macroeconomics is a field that...I will concede that macroeconomics is a field that economists frequently disagree on and have disputes over, but that doesn't change the fact that Roddis has been acting like an immature crusading bellend and a moron to LK and others who disagree with his Rothbardian fantasy.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-2314650361324258202013-04-06T10:40:32.932-04:002013-04-06T10:40:32.932-04:00Look around you. We have real world examples of t...Look around you. We have real world examples of the failure of the Keynesian philosophy. How much more evidence does one need?<br /><br />The Krugmans and LKs of the world simply respond to such failures by saying we didn't do enough. In their world, the reason you have a hang over after a night of drinking is because you didn't drink enough.Mikenoreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-62298105948328489692013-04-06T09:52:06.758-04:002013-04-06T09:52:06.758-04:00The reason I am asking is that I get the impressio...The reason I am asking is that I get the impression that you care more about trying to seek points for your side than having an honest discussion and getting to the truth. Maybe that's why LK gets so frustrated with having a debate with you and maybe you are just an idiot who's intolerant and bigoted of other economic analyses.<br /><br />LK had this to say about you in one of the links you posted.<br /><br />"Your idiot Austrian economics is ignorant of the real world, ignorant of the real nature of markets, ignorant of the real price system, and devoid of any theoretical or practical use in the real world.<br /><br />That is why Austrian economics is a fringe movement, has no real influence on policy makers anywhere in the world, and is fit only for ignorant, loudmouth cultists such as you, bob roddis."<br /><br />This is a big reason why your inane Austrian mission has failed. You sound nuts to an average person.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-24134252382193528372013-04-06T09:46:55.384-04:002013-04-06T09:46:55.384-04:00Bob Roddis: Your irrational grudge with "Lord...Bob Roddis: Your irrational grudge with "Lord Keynes" concerns me. Did he do something wrong to you other than having a different economic viewpoint than you do?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-79005570482813103322013-04-06T08:42:07.946-04:002013-04-06T08:42:07.946-04:00How about "Collective Action Administered by ...How about "Collective Action Administered by Keynesian Overlords -- Because We're SO MUCH SMARTER THAN YOU!" by Lord Keynes?<br /><br />Lord Keynes left many treasures this past week and we need to bookmark them for posterity. Here's another:<br /><br /><i>Lord Keynes <br /> <br />(1) decentralised market agents do not have the necessary information to avoid market failure in a world of Knightian uncertainty.<br /> <br />(2) since no Keynesian advocates complete central planning communism, government does not need the knowledge required by decentralised market agents.</i><br /><br />http://consultingbyrpm.com/blog/2013/03/krugman-ignores-massive-human-suffering.html#comment-60316Bob Roddishttps://www.blogger.com/profile/17263804608074597937noreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-73516121093441611162013-04-06T02:41:20.030-04:002013-04-06T02:41:20.030-04:00BTW perhaps someone should point out the obvious t...<i>BTW perhaps someone should point out the obvious to LK that Von Mises' called his book Human Action not Collective Action Administered by Overlords.</i><br /><br />You know, in retrospect he really should have released a companion volume to cover that.<br /><br />Every year goes past and this oversight becomes more glaring.Telhttp://lnx-bsp.net/noreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-41284107552946496002013-04-06T00:19:17.670-04:002013-04-06T00:19:17.670-04:00"Of course, the problem with Schiff is that h..."Of course, the problem with Schiff is that he wants us to believe that by stockpiling gold we can preserve wealth. isn't this just another one of those funny malinvestments thats always getting us in trouble? "<br /><br />-<br /><br />Schiff has been saying "buy gold" for TEN YEARS. If you took his advice then your $100k back then is now worth $500k. Sounds pretty good advice to me. Maybe you should have listened?<br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-56452604540957801492013-04-05T22:31:36.288-04:002013-04-05T22:31:36.288-04:00Anonymous
Average price of gasoline in 1964 was ...Anonymous <br /><br />Average price of gasoline in 1964 was about 30 cents per gallon. The silver melt value of a 1964 quarter is presently $4.93. Average price of gas today is $3.69, $4.05 in California, lucky them. So a quarter in 1964 bought you a gallon of gas and the silver content of a 1964 quarter buys you a gallon of gas today.<br /><br />Gold price at the end of 2000 was sub $300. Today around $1,600. An annual average increase of 36%. Your definition of "low" is entertaining. <br /><br />Mikenoreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-9044518181894012812013-04-05T21:38:28.035-04:002013-04-05T21:38:28.035-04:00If no one can explain why gold has been so low lat...If no one can explain why gold has been so low lately, then I will have to consider Austrian economics to be another economic fluke and a failure. I'm sorry.Anonymousnoreply@blogger.com