Wednesday, May 11, 2016

Matthew Yglesias — A Trump adviser's plan for a multitrillion-dollar budget surplus, explained

Speaking at a Pete Peterson Foundation fiscal summit on Wednesday, Donald Trump adviser Sam Clovis said that the Trump campaign's economic program would unleash so much growth that the federal budget surplus would end up between $4.5 trillion and $7 trillion.…
Let's see your model.

Vox
A Trump adviser's plan for a multitrillion-dollar budget surplus, explained
Matthew Yglesias

12 comments:

Matt Franko said...

Sounds like Lafferism on steroids...

He needs better help.... he himself may have the best understanding of anyone associated with his campaign... he should contact Mike...

Matt Franko said...

"Clovis is an economics professor at Morningside College in Iowa, as well as a Tea Party activist. "

All you need to know.... On BOTH counts.....

Simsalablunder said...

"he should contact Mike..."

Nope. According to your own line of thinking Mike does the "neoliberal conspiracy!"... and therefore part of the problem.

Matt Franko said...

Its perfectly fine for us to use figures of speech among ourselves in order to communicate with each other more efficiently via language...

The problem occurs when we start to apply CAUSE to our figures of speech and attempt to use our figures of speech as terminology when we are trying to edify those who remain outside of our knowledge...

https://en.wikipedia.org/wiki/Rhetoric_of_science

"Rhetoric is best known as a discipline that studies the means and ends of persuasion. Science, meanwhile, is typically seen as the discovery and recording of knowledge about the natural world."

Just going all around the world saying all of our problems are because of "neo-liberal policies!" is not science/engineering ... not even close...

Matt Franko said...

And here is Smith from below:

"The school of thought that believes this goes by the name of modern monetary theory, or MMT. It’s typically associated with leftist politics -- in fact, Stephanie Kelton, a leading proponent of MMT, is an adviser to the presidential campaign of Bernie Sanders."

This is a major f-ing problem with these people... they are abandoning science and just bailing out into political persuasion... "vote for Bernie he is against the neo-liberals!"... meanwhile nobody can even define what a "neo-liberal" is because it is a figure of speech which is by definition an ambiguous word traded off against efficiency in language communication within a group already possessing knowledge in common...

Michael Norman said...

Noah Smith is an idiot. I tweeted to him, "Give me one example of a country that experienced hyperinflation, where it had free floating FX and a productive economy, because it ran up "debt." He couldn't.

Matt Franko said...

Mike he doesnt even know wtf you are even talking about... he thinks "banks lend out the reserves!"... inflation!/QTM/gold standard stuff....

Watch they will probably still invite him to present at their next conference wait for it...

Bob said...

...meanwhile nobody can even define what a "neo-liberal" is because it is a figure of speech...

Can you define what "leftist politics" is?

Noah Smith is a well paid idiot.

Matt Franko said...

Its another figure of speech so no... like the word "money!"... many others...

Bob said...

Well, my only suggestion is to do what Mike did and steer them towards a discussion based on fact, not rhetoric. That is when you hear the sound of crickets.

Simsalablunder said...

"...meanwhile nobody can even define what a "neo-liberal" is because it is a figure of speech..."

It's been done many times but you can't comprehend it for some political bias reasons. So instead you resort to post modernism and deny it. That's been the right winger way for decades.

Joe said...

You won't get 7 trillion of surpluses unless you first have 7 trillion of deficits. No way you can take 7 trillion out of the private sector without it collapsing. Should be obvious.