tag:blogger.com,1999:blog-2761684730989137546.post4801965625402051424..comments2024-03-29T02:19:19.866-04:00Comments on Mike Norman Economics: The blatant lies of Peterson, Walker, Simpson, Bowlesmike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-2761684730989137546.post-71803956484589665512012-04-04T14:10:57.014-04:002012-04-04T14:10:57.014-04:00When the Krugman/Keen argument settles on a truce,...When the Krugman/Keen argument settles on a truce, this is exactly what they should focus on. They are probably on the same side as far as policy goes. Let's see the same kind of passion spent denouncing these despicable policies. Ryan's Path to Poverty should be exposed as the sham it is.John Tnoreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-57747781680745576922012-04-04T09:24:42.706-04:002012-04-04T09:24:42.706-04:00DANF, how's this flow chart grab you? http://s...DANF, how's this flow chart grab you? http://shmookey.net/blog/2012/01/the-flow-of-funds/<br /><br />apjAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-80253179362988962762012-04-03T15:47:16.081-04:002012-04-03T15:47:16.081-04:00"I continue to think about it, but this '..."I continue to think about it, but this 'household/TP on the hook!' falsehood could be the foundational untruth to attack; overturn that and I think we can gain an advantage."<br /><br />I am convinced that this is the key.Tom Hickeyhttps://www.blogger.com/profile/08454222098667643650noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-18808405333996344162012-04-03T15:26:36.624-04:002012-04-03T15:26:36.624-04:00Righteous post Mike!
Tom, great observations wrt ...Righteous post Mike!<br /><br />Tom, great observations wrt "the household", Mike coined it "taxpayer on the hook!" some years ago.<br /><br />I continue to think about it, but this 'household/TP on the hook!' falsehood could be the foundational untruth to attack; overturn that and I think we can gain an advantage.<br /><br />resp,Matt Frankohttps://www.blogger.com/profile/11978352335097260145noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-65651092200327353522012-04-03T15:12:03.697-04:002012-04-03T15:12:03.697-04:00The household analogy is sinister. People without ...The household analogy is sinister. People without any knowledge of economics buy into it easily and that becomes the parable to tell everyone. And those who know better are afraid to speak and remain silent. Wait, have I heard this story before, where I wonder?Jonfhttps://www.blogger.com/profile/08422916863145293925noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-52759762890374553242012-04-03T14:51:27.174-04:002012-04-03T14:51:27.174-04:00Someone needs to make a flow chart of this. I thi...Someone needs to make a flow chart of this. I think it would be rather illuminating.DanFhttps://www.blogger.com/profile/13160544160865980409noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-27821600773569892272012-04-03T14:34:21.268-04:002012-04-03T14:34:21.268-04:00We're gonna be far worse than Japan. Japan is ...We're gonna be far worse than Japan. Japan is s completely different culture within a totally homongenous society. The Japanese people have shown they can stay quiet, orderly and peaceful under even teh most dire conditions. It won't be that way here, I can assure you.mike normanhttps://www.blogger.com/profile/03296006882513340747noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-60415304048223437342012-04-03T13:58:20.317-04:002012-04-03T13:58:20.317-04:00The problem is that the deficit hawks have framed ...The problem is that the deficit hawks have framed the debated in terms of the household analogy and the public has bought into it, so now the few politicians that know better are afraid to confront this fallacy. I would like to say that this is a wholesale failure of the economics profession, but most economists are in the dark on it, too, and they are marginalizing the people that do get it.<br /><br />The ironic thing is that they are all trying to save capitalism from the welfare state but in destroying the welfare state, they are destroying the effective demand upon which capitalism (investment) relies.<br /><br />A variant of Warren's for fear of becoming the next Greece, we are becoming the next Japan.Tom Hickeyhttps://www.blogger.com/profile/08454222098667643650noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-44301954673939980552012-04-03T13:43:42.603-04:002012-04-03T13:43:42.603-04:00"We have no fiscal crisis in this country. Th..."We have no fiscal crisis in this country. The only crisis we have is that these bastards are in charge. It's time to make that stop. "<br /><br />The lies, the damned lies will destroy us all. I listened to the President speak and even he talks about deficit reduction. It is incredible. No one it seems outide of MMT can talk any sense. <br /><br />I wish I could make it stop but both our political parties are broken. I feel your pain, I share it.Jonfhttps://www.blogger.com/profile/08422916863145293925noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-69950851533851802972012-04-03T13:29:05.636-04:002012-04-03T13:29:05.636-04:00Bernanke confuses me.
Isnt it part of the Bernank...Bernanke confuses me.<br /><br />Isnt it part of the Bernanke Doctrine that recessions/deflation is caused by a lack of aggregate demand?<br /><br />He has to know that putting money in people's pockets fixes that problem, yet he sit there and says the same nonsense as everyone else.<br /><br />Sometimes I hope they pass a balanced budget amendment and just get it over with. It would destroy a lot, but people would realize how wrong mainstream economics is in a heartbeat and we could finally move on.Anonymousnoreply@blogger.com