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Old 07-08-2009, 11:28 AM
 
Location: Silicon Valley, California
1,255 posts, read 1,856,477 times
Reputation: 756

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Quote:
Originally Posted by akck View Post
Boy, someone makes a good argument and another blows it off saying look up my proof yourself. Gee, I'm wondering who I'm going to believe has more credibility? Not!
Simply asserting something is no "argument."

 
Old 07-08-2009, 11:31 AM
 
4,986 posts, read 8,294,506 times
Reputation: 3264
Quote:
Originally Posted by notreesininceland View Post
Utter bullcrap. I could point you to the right material on Keynesian deficit spending but you can do that yourself (hint: Google). Paul Krugman has written some lucid essays on the topic.
As I stated in another post, I don't care about talk, I'm interested in results. Krugman is the chief econo-babbler on the subject. If he was right then we should be enjoying one of the greatest economic expansions of all time due to all of this "stimulus" that's flying around. We enetered this recession/depression at a level of debt already beyond critical mass, piling on more no longer has a stimulative effect.

Last edited by Moose Whisperer; 07-08-2009 at 11:43 AM..
 
Old 07-08-2009, 11:41 AM
 
Location: Alaska
5,352 posts, read 15,878,297 times
Reputation: 3995
Quote:
Originally Posted by notreesininceland View Post
Simply asserting something is no "argument."
Telling everyone to look up your proof isn't an "argument" either.
 
Old 07-08-2009, 11:46 AM
 
Location: Silicon Valley, California
1,255 posts, read 1,856,477 times
Reputation: 756
Quote:
Originally Posted by Moose Whisperer View Post
As I stated in another post, I don't care about talk, I'm interested in results. Krugman is the chief econo-babbler on the subject. If he was right then we should be enjoying one of the greatest economic expansions of all time due to all of this "stimulus" that's flying around.
It is obvious that you don't understand economics. It ain't an on-off digital switch. The stimulus takes time to kick in. If you had cared to read the position paper by Christina Romer who heads the Council of Economic Advisors to the President, the calibration of recovery is detailed in there. At the time Krugman had said that the stimulus fell short of what was actually needed. He is once again being proven right.

Bottomline: believe what you want to believe. I am relieved that we now have President Obama instead of the lying fratboy (the male Palin) in the White House. Whether he can steer us out of this hole remains to be seen.
 
Old 07-08-2009, 11:48 AM
 
Location: Silicon Valley, California
1,255 posts, read 1,856,477 times
Reputation: 756
Quote:
Originally Posted by akck View Post
Telling everyone to look up your proof isn't an "argument" either.
But I didn't claim I had made an "argument." You must be seeing mirages.
 
Old 07-08-2009, 11:55 AM
 
Location: Alaska
5,352 posts, read 15,878,297 times
Reputation: 3995
Quote:
Originally Posted by notreesininceland View Post
But I didn't claim I had made an "argument." You must be seeing mirages.
Exactly!
 
Old 07-08-2009, 11:57 AM
 
4,986 posts, read 8,294,506 times
Reputation: 3264
Quote:
Originally Posted by notreesininceland View Post
Whether he can steer us out of this hole remains to be seen.
Why are you even making such a statement? If all of Obama's witch-doctor economists are correct, then our return to prosperity is already preordained and such a qualifying statement is unnecessary. No, I think it belies the fact that even you have doubts as well. The main difference between us is that you are unsure if Obama's plan will succeed or not. I am already sure it won't.
 
Old 07-08-2009, 12:12 PM
 
Location: Silicon Valley, California
1,255 posts, read 1,856,477 times
Reputation: 756
Quote:
Originally Posted by Moose Whisperer View Post
No, I think it belies the fact that even you have doubts as well.
In science we only have degrees of probability; we are NEVER certain. Certitude is for believers. Furthermore, economics is not a hard science, which means the degree of uncertainty is much more (than science).

I guess one good thing about the wingnuts is their certitude about things. It is a nice and simple private world they inhabit.
 
Old 07-08-2009, 12:42 PM
 
Location: Palmer
2,518 posts, read 5,880,363 times
Reputation: 1365
Quote:
Originally Posted by notreesininceland View Post
In science we only have degrees of probability; we are NEVER certain. Certitude is for believers. Furthermore, economics is not a hard science, which means the degree of uncertainty is much more (than science).

I guess one good thing about the wingnuts is their certitude about things. It is a nice and simple private world they inhabit.
I get a kick out of calling economics a science at all. I have a few undergraduate classes in economics...actually I guess I don't have the classes. I have the credits for the classes because I took the clep tests and passed them.

Anyway, I would like to point out that the Federal Banking system is run by economists... nuff said.
 
Old 07-08-2009, 02:27 PM
 
4,986 posts, read 8,294,506 times
Reputation: 3264
Quote:
Originally Posted by notreesininceland View Post
it is obvious that you don't understand economics.
lol!
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