tag:blogger.com,1999:blog-2761684730989137546.post421315906274178788..comments2024-03-29T02:19:19.866-04:00Comments on Mike Norman Economics: ZIRP Threatening Teamsters Pensionsmike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger12125tag:blogger.com,1999:blog-2761684730989137546.post-34726056772834157922016-05-07T21:22:28.304-04:002016-05-07T21:22:28.304-04:00Why make them slaves to changes in the cb policy r...Why make them slaves to changes in the cb policy rate? Do fiscal transfer. Tom Hickeyhttps://www.blogger.com/profile/08454222098667643650noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-84491445471502389102016-05-07T20:57:44.326-04:002016-05-07T20:57:44.326-04:00No I'm saying don't screw over all the peo...No I'm saying don't screw over all the people who were able to and did.... Most people probably thru employer/Union sponsored plans....Matt Frankohttps://www.blogger.com/profile/11978352335097260145noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-42677782638687474022016-05-07T11:06:20.261-04:002016-05-07T11:06:20.261-04:00"Well what is it when like Jeff says we shoul..."Well what is it when like Jeff says we should finance retirees who didnt save? Is that a 'free lunch'?<br /><br />You mean poor people who can't afford to save due to unemployment or shitty pay checks? So your solution is: they should have saved? Great solution…Simsalablunderhttps://www.blogger.com/profile/12514131877923113302noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-71907399802047631462016-05-07T10:58:51.218-04:002016-05-07T10:58:51.218-04:00Well what is it when like Jeff says we should fina...<i>Well what is it when like Jeff says we should finance retirees who didnt save? Is that a 'free lunch'</i><br /><br />I said, no free lunches under capitalism. Free lunch is "socialism."<br /><br />If socialism, using interest rates as a distribution mechanism is silly because it is poorly targeted and inefficient. Predistribution is more suitable for socialism. which is what Jeff is proposing.Tom Hickeyhttps://www.blogger.com/profile/08454222098667643650noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-57096573096524171582016-05-07T09:59:12.569-04:002016-05-07T09:59:12.569-04:00"no free lunches..."
Well what is it wh..."no free lunches..."<br /><br />Well what is it when like Jeff says we should finance retirees who didnt save? Is that a 'free lunch'?<br /><br />Dont savers who defer present for future consumption deserve some additional compensation for their deferral?<br /><br />Not to mention that actuaries who have analyzed these pension funds have assumed some NON_ZERO risk free rate over time as THEY have been trained to expect... now monetarist morons think they can keep that same rate at zero for near a decade just when boomers start to retire and then this is supposed to HELP????<br /><br />Why not just use the present situation to instruct (not to mention help provision seniors...) instead of advocating a continuation of this monetarist moron ZIRP policy... Matt Frankohttps://www.blogger.com/profile/11978352335097260145noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-38076794812018239282016-05-06T20:01:45.853-04:002016-05-06T20:01:45.853-04:00When pension funds stop investing with hedge funds...When pension funds stop investing with hedge funds and Goldies profits suffer as a result, we'll get a fiscal spending boost followed by higher rates and inflation faster than a sneeze through a screen door. You can hang your hat on it. Ryan Harrishttps://www.blogger.com/profile/04815033054435303399noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-458023561692927832016-05-06T18:43:33.320-04:002016-05-06T18:43:33.320-04:00we have to accommodate savers Tom...
According to...<i>we have to accommodate savers Tom...</i><br /><br />According to MMT, saving desire is accommodated by $NFA, not with interest rates. Savers get a free parking spot, not a paid one. If they want more return, then they should understand that they have to accept higher risk. <br /><br />That's capitalism, actually. No free lunches.Tom Hickeyhttps://www.blogger.com/profile/08454222098667643650noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-70878796919887490672016-05-06T18:43:25.987-04:002016-05-06T18:43:25.987-04:00A haircut and a trip to the glue factory will take...A haircut and a trip to the glue factory will take care of those teamsters ;)Peter Panhttps://www.blogger.com/profile/09473311771939167712noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-35757183359526396322016-05-06T18:34:02.998-04:002016-05-06T18:34:02.998-04:00we have to accommodate savers Tom...we have to accommodate savers Tom...Matt Frankohttps://www.blogger.com/profile/11978352335097260145noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-51271630715378528442016-05-06T18:27:55.974-04:002016-05-06T18:27:55.974-04:00Never going to happen Jeff
Defeatism?<i>Never going to happen Jeff</i><br /><br />Defeatism?Tom Hickeyhttps://www.blogger.com/profile/08454222098667643650noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-21215699753567099672016-05-06T18:06:41.320-04:002016-05-06T18:06:41.320-04:00Never going to happen Jeff Never going to happen Jeff Matt Frankohttps://www.blogger.com/profile/11978352335097260145noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-32583542553092138202016-05-06T17:14:32.967-04:002016-05-06T17:14:32.967-04:00Since when do we need interest payments to finance...Since when do we need interest payments to finance retirees with dignity? Are you out of paradigm Matt?Jeff65https://www.blogger.com/profile/10718489243428165684noreply@blogger.com