tag:blogger.com,1999:blog-6276561747841568697.post6530756617556820920..comments2024-03-27T05:23:48.855-04:00Comments on Krugman-in-Wonderland: Yes, Paul, it IS politics!William L. Andersonhttp://www.blogger.com/profile/01802990642236807359noreply@blogger.comBlogger49125tag:blogger.com,1999:blog-6276561747841568697.post-28289738567158081872018-06-19T10:20:13.113-04:002018-06-19T10:20:13.113-04:00That is the proper weblog for anyone who wants to ...That is the proper weblog for anyone who wants to seek out out about this topic. You notice so much its almost onerous to argue with you (not that I really would need…HaHa). You positively put a brand new spin on a topic thats been written about for years. Great stuff, simply great! <a href="https://online-casinos.us.org" rel="nofollow">gsn casino</a>yosabrams0918https://www.blogger.com/profile/11140186761749280113noreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-47835275091676349152014-12-26T19:48:30.471-05:002014-12-26T19:48:30.471-05:00You really have an awesome blog. You doing great a...You really have an awesome blog. You doing great and I really love it. Thanks for posting. God bless.<br /><br /><a href="http://www.imarksweb.org" rel="nofollow">Pauleen</a><br />www.imarksweb.orgAnonymoushttps://www.blogger.com/profile/03983279751843228358noreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-20051996794553389672014-03-23T21:29:13.829-04:002014-03-23T21:29:13.829-04:00your blog is absolutely worth to read if anybody c...your blog is absolutely worth to read if anybody comes throughout of it. <br /><br />www.joeydavila.netlutoshttp://www.joeydavila.netnoreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-48455678688168840792011-08-11T20:20:48.387-04:002011-08-11T20:20:48.387-04:00When a democratic government commits a crime, it&#...When a democratic government commits a crime, it's not a crime because it has the support of the people. That's called "His Lordship Lord Keynes' theory of mob rights".Bob Roddishttps://www.blogger.com/profile/17263804608074597937noreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-10604121900544215772011-08-11T19:46:21.321-04:002011-08-11T19:46:21.321-04:00What is the difference between a London rioter ste...What is the difference between a London rioter stealing one's property vs the state doing the same?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-21083197405666933572011-08-11T19:04:12.184-04:002011-08-11T19:04:12.184-04:00LK:
LOL.. Having been told that Krugman no where ...LK:<br /><br /><i>LOL.. Having been told that Krugman no where endorces state violence against banks or businesses in the column you link to, your response is?... To just reassert your same falsehold.</i><br /><br />You're a worthless liar. Krugman advocated for outright bank nationalization along the Swedish model, which is state violence against banks in the form of blatant theft of property. Bank nationalization is just another way of saying that the state is going to confiscate private bank assets and take control over them.Major_Freedomnoreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-87345870863808993662011-08-11T18:58:37.568-04:002011-08-11T18:58:37.568-04:001. Does someone have a tissue?
2. Where's tha...1. Does someone have a tissue?<br /><br />2. Where's that proof of the existence of macro we've been waiting for?<br /><br />3. Any bets on the decade or century when the first non-Austrian troll shows up with some understanding of basic Austrian concepts?<br /><br />4. Without JG's deep explanations, I would have never known that there was general hostility to the non-aggression and antiwar position. Who knew?Bob Roddishttps://www.blogger.com/profile/17263804608074597937noreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-13467487955089738252011-08-11T16:18:23.485-04:002011-08-11T16:18:23.485-04:00JG,
I asked a question for you Krugman supporters...JG,<br /><br />I asked a question for you Krugman supporters. How do you explain him being so wrong on something as fundamentally basic as the whole QE2 and commodity pricing debacle? I won't even get into how he was calling for the fed to lower interest rates while the austrians were saying it was going to cause a housing bubble, then later proclaiming that he saw the whole thing coming!<br /><br />I guess teaching at princeton and writing for the same paper that intentionally covered up the Soviet massacre and starvation of millions doesn't mean he has to know much about basic economics. But it sure does sound impressive to people who don't actually look at what he has said.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-53742471572528524342011-08-11T16:12:32.626-04:002011-08-11T16:12:32.626-04:00Seeing as how you added nothing but ad homimens an...Seeing as how you added nothing but ad homimens and horseshit, good riddance. If you ever come back tell us all how krugmans puckered asshole tastes. <br /><br />I mean how could we have ever come this far if we hadn't nuked two cities for absolutely no reason.ekeyrahttps://www.blogger.com/profile/17413110869433997820noreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-16867062289834337072011-08-11T15:59:31.872-04:002011-08-11T15:59:31.872-04:00This will be my final posting on this site because...This will be my final posting on this site because it's become clear that this is not so much a forum for exchanging ideas as it is a soapbox for the dishonest and the uninformed. But before I go...<br /><br />Roddis: You are genuinely retarded. That you would actually advocate some kind of utopian, libertarian, co-op model of ordering society and justify that view by condemning the instruments of law and order like law enforcement or a military proves how unrealistic and limited your thinking is. You're a grown man with the ideology of a naive college freshman, have fun embarassing yourself at dinner parties the rest of your life.<br /><br />Anderson: Responding to charges of hyperbole and dishonesty by saying "but Michael Moore does it too" is pathetic. It's one more reason why you teach at podunk state and host a blog while Krugman taught at Princeton and writes for the Times.<br /><br />Don't bother responding because I won't be back here to check.JGnoreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-21010479904701066702011-08-11T13:41:39.646-04:002011-08-11T13:41:39.646-04:00Also, from the interview at:
http://www.newyorker...Also, from the interview at:<br /><br />http://www.newyorker.com/online/blogs/ask/2010/02/questions-for-macfarquhar.html<br /><br />"QUESTION FROM SEAN DOYLE: What would be the highest federal marginal income tax rate that you would deem acceptable?<br />PAUL KRUGMAN: Good question. I don’t advocate a marginal tax rate of 70 percent, but it’s worth noting that we had rates in that range all through the 60s and much of the 70s, without much evidence that effort at top levels was being crippled. So that’s feasible. That said, the truth is that the financing of social insurance is much more important than the progressivity of the tax system—Sweden pays for a lot of its programs with a regressive VAT, but that doesn’t change the fact that it takes much better care of the poor and unlucky than we do."<br /><br />So he says he doesn't advocate it but then says he doesn't see anything wrong with it either. Then he says 'So that's feasible.'. <br /><br />So there you have it.Mike Cheelnoreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-3264872727587005722011-08-11T13:26:45.596-04:002011-08-11T13:26:45.596-04:00@alaskaman Or it could be that I (gasp) misread yo...@alaskaman Or it could be that I (gasp) misread your question you prick.Mike Cheelnoreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-5816829329837820662011-08-11T12:23:01.687-04:002011-08-11T12:23:01.687-04:00Actually I read Andersons' comment as saying K...Actually I read Andersons' comment as saying Krugman said the rates were insane at that conference, but then he gives no specifics on where Krugman reversed himself. I'm sure Anderson can clarify if he feels it's relevant.<br /><br />To my knowledge Krugman has often pointed out that economic growth in the era of said high top marginal tax rates (and also strong unions) was as good or better than times with lower top rates. But I believe this has more often been rhetorical counterpoint to the "taxes kill the economy" types rather than advocating a return to those rates. No question he'd like to see higher rates (on the wealthy in particular) but even Krugman has his limits believe it or not.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-26109340402929152011-08-11T10:22:46.371-04:002011-08-11T10:22:46.371-04:00@alaskaman
"Where has Paul Krugman ever stat...@alaskaman<br /><br />"Where has Paul Krugman ever stated that tax rates should return to a marginal rate of 70%? Where?"<br /><br />He clearly said where Krugman said that. He named people who were there who heard it as well. Let me repost it here to help you avoid the trouble of scrolling up a few posts: <br /><br />"I do know that in answer to my question at a session of the 2004 Southern Economic Association meetings about the 70 percent tax rates that existed before 1981. (It was a Q&A and Joe Salerno was sitting next to me, and the other economists can vouch for what Krugman said."Mike Cheelnoreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-23281685174604184602011-08-11T10:21:41.726-04:002011-08-11T10:21:41.726-04:00More great New Dealer history...
After nuking inn...More great New Dealer history...<br /><br />After nuking innocent civilians for no reason twice, the New Dealers suppressed the extensive Japanese and American (color) film evidence of their ghastly crimes:<br /><br />http://www.thenation.com/blog/162543/great-hiroshima-cover<br /><br />Even more evidence of the basic goodness and benevolence of the New Dealers. We can hand over absolute power to them without fear. Right?Bob Roddishttps://www.blogger.com/profile/17263804608074597937noreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-2582118082040212302011-08-11T08:59:01.079-04:002011-08-11T08:59:01.079-04:00Dan @ 6:05. Not only gold but a related theme. Aus...Dan @ 6:05. Not only gold but a related theme. Austrian economics will not provide investment advice. Only a prism and framework to help put things in context.<br /><br />Hyperinflation is a collapse of confidence in a currency. Not yet happened to the USD. May not happen. That type of event takes longer with a reserve currency. However one should not be so arrogant as to think the USD is immune from such an event.Mike Mnoreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-60884330629307226172011-08-11T02:41:05.867-04:002011-08-11T02:41:05.867-04:00When will Krugman defenders who say we should list...When will Krugman defenders who say we should listen to his advice explain how he was so wrong about QE2 not increasing commodity prices unless demand was stimulated?<br /><br />How can he be so clueless, and why should we listen to someone who was so wrong?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-14234765192241675492011-08-11T02:10:25.867-04:002011-08-11T02:10:25.867-04:00OMG Anderson, there is no limit to the lows you wi...OMG Anderson, there is no limit to the lows you will go to! When Dan points out that you can attribute none of those statements to Krugman (and somehow Michael Moore is a spokesman of something? What planet are you from?), you shift to another quote and then make up another statement that you cannot attribute to Krugman! Where has Paul Krugman ever stated that tax rates should return to a marginal rate of 70%? Where? <br /><br />You have no shame.alaskamannoreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-3803255160238308922011-08-10T21:36:01.320-04:002011-08-10T21:36:01.320-04:00To fight this recession the Fed needs more than a ...<em>To fight this recession the Fed needs more than a snapback; it needs soaring household spending to offset moribund business investment. And to do that, as Paul McCulley of Pimco put it, Alan Greenspan needs to create a housing bubble to replace the Nasdaq bubble.</em><br /><br />AND<br /><br /><em>Paul Krugman: As Paul McCulley of PIMCO remarked when the tech boom crashed, Greenspan needed to create a housing bubble to replace the technology bubble. So within limits he may have done the right thing. But by late 2004 he should have seen the danger signs and warned against what was happening; such a warning could have taken the place of rising interest rates. He didn’t, and he left a terrible mess for Ben Bernanke.</em><br /><br />How can one resist someone who says this kind of idiocy and then have da man himself and his minions deny he meant what he said or said what he said? Fascinating stuff.Bob Roddishttps://www.blogger.com/profile/17263804608074597937noreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-54044881295579407932011-08-10T21:16:05.093-04:002011-08-10T21:16:05.093-04:00To the 6:11,
I don't know if Krugman made tha...To the 6:11,<br /><br />I don't know if Krugman made that statement or not. I do know that in answer to my question at a session of the 2004 Southern Economic Association meetings about the 70 percent tax rates that existed before 1981. (It was a Q&A and Joe Salerno was sitting next to me, and the other economists can vouch for what Krugman said.)<br /><br />I asked Krugman, "Are you advocating going back to the 70 percent rates?" Krugman replied, "No! Those rates were insane!" Today, apparently Krugman and his friends believe we need to go back to those rates, a la Hoover in 1932.<br /><br />As for Dan's point, I must admit that it is hard to kick the Krugman habit.William L. Andersonhttps://www.blogger.com/profile/01802990642236807359noreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-75996629936012304442011-08-10T19:59:35.015-04:002011-08-10T19:59:35.015-04:00It really seems like the statists get a little tes...It really seems like the statists get a little testy when we Austrians critique their little golden boy. Who, apparently to one statist commentator, is a “real economist?” Wow, who knew?<br /><br />Also notice how these folks never demonstrate any familiarity with basic Austrian concepts. They really have absolutely no clue. The other thing I find funny is how they just assume every Austrian “thought there would be hyperinflation and high interest rates by now” and use this somehow universal Austrian “prediction” to smear us without even realizing not every Austrian has said things like this, and just because some of these things haven’t happened yet, doesn’t mean they won’t. Being early isant being wrong. You can’t just lump every Austrian into one category in order to dismiss them.<br /><br />At least we didn’t say spending 850 billion dollars on political pet projects and other government boondoggles like signs that say “paid for by the American Recovery and Reinvestment Act” would keep unemployment from rising above 8 percent. Despite unprecedented levels of both fiscal and monetary stimulus under Bush and Obama, huge bailouts, and huge deficits and debt, all the statists can say is<br /><br />“You didn’t do it BIG enough” you didn’t do it “targeted” enough. <br /><br />Then they proceed to call a reduction in the rate of increase of ten years from 8 trillion in new debt to 7 trillion in new debt, and by cutting 1 half of 1/10 of a percent from next years budget “Austerity?” how ridiculous. In fact its so dumbt, really, there’s no coming back from that. <br /><br />7 trillion in new debt over the next ten years. Cutting ½ of one percent of the budget. Unprecedent debt levels and debt, and this amounts to austerity? I still can’t get over that.zackA89https://www.blogger.com/profile/03695722179840739720noreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-28709048160252590272011-08-10T19:53:01.918-04:002011-08-10T19:53:01.918-04:00Nevermind...I just saw in Bob's profile that h...Nevermind...I just saw in Bob's profile that he is an attorney rofl. So he's an even bigger leech on society than I originally guessed.Dannoreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-24874346732421661332011-08-10T19:48:17.671-04:002011-08-10T19:48:17.671-04:00I often wonder what most of the computer chair rev...I often wonder what most of the computer chair revolutionaries on this blog do professionally. We know that Anderson has a cushy tenor track job at a state school and Bob Roddis posts so much on these that he is either unemployed or government.<br /><br />As for stirring up a shitstorm...I like doing it because it fits this blog well. Since it's not a real economics blog, there's really nothing else for us to do but sit here and rage at one another. Just like good old cable news!Dannoreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-28479550959731534672011-08-10T19:47:45.651-04:002011-08-10T19:47:45.651-04:00Does all of this unfocused hostility mean that we ...Does all of this unfocused hostility mean that we aren't going to get the proof of the alternative universe of "macro"?Bob Roddishttps://www.blogger.com/profile/17263804608074597937noreply@blogger.comtag:blogger.com,1999:blog-6276561747841568697.post-53449866356857421802011-08-10T19:17:54.006-04:002011-08-10T19:17:54.006-04:00Tell the truth and you get a shitstorm of them Sta...Tell the truth and you get a shitstorm of them Statist sentinels. Good work, machines!!!Balanoreply@blogger.com