tag:blogger.com,1999:blog-2761684730989137546.post433583764645747114..comments2024-03-28T07:50:06.102-04:00Comments on Mike Norman Economics: Bill Mitchell — The bond vigilantes saddle up their Shetland ponies – apparentlymike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-2761684730989137546.post-50935785630963616812018-02-12T12:11:00.856-05:002018-02-12T12:11:00.856-05:00""Where fiscal positions are implicated ...""Where fiscal positions are implicated the events occur during or just after the US government has tried to or has been running fiscal surpluses."<br /><br />"Correlation is not causation....<br /><br />Which is what Bill also made clear, that is if you knew how to read.<br /><br />Here's the whole snip:<br />"Conclusion: none of these events are associated with rising fiscal deficits or the level of outstanding US government debt. Where fiscal positions are implicated the events occur during or just after the US government has tried to or has been running fiscal surpluses."<br /><br />That is, the economic crises he listed beforehand occurred despite the surpluses which should have "saved" the economy if the neoclassics were right. <br /><br />"Bill is having trouble with his own objectification figure of speech where "taxes destroy money"..."<br /><br />No he doesn't. You are accusing him based on your misleading cut and paste and that's due to your political bias which makes you not qualified to comment in these matters.Simsalablunderhttps://www.blogger.com/profile/12514131877923113302noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-34063163556836222732018-02-12T08:29:37.139-05:002018-02-12T08:29:37.139-05:00"Where fiscal positions are implicated the ev..."Where fiscal positions are implicated the events occur during or just after the US government has tried to or has been running fiscal surpluses."<br /><br />Correlation is not causation....<br /><br />Bill is having trouble with his own objectification figure of speech where "taxes destroy money"...Matt Frankohttps://www.blogger.com/profile/11978352335097260145noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-68475630406944503442018-02-12T04:46:44.143-05:002018-02-12T04:46:44.143-05:00We have been hearing of these bond vigilantes for ...We have been hearing of these bond vigilantes for about 10 years now.<br /><br />To believe that these bond vigilantes exist you would have to believe that they have been engaged in 10 years of charity work. They COULD punish the US govt for their profligacy and demand higher interest rates but they haven't...... yet! <br /><br /> I guess these guys are so big hearted they just dont use the strength they have cuz it might cost the little guys more on their mortgages and students more on their loans.Greghttps://www.blogger.com/profile/03139782404004492965noreply@blogger.com