Recent content by mccd

indexer, sandy... and pilotboy had some very good posts in here. It's a shame that ET is full of so many libertrollians that it is almost impossible to have a sane conversation about anything. If you would like to know more about why and how middle and working class wages have been...

"Mav88 02-18-09 05:06 PM It was metioned earlier that preemies are simply left to die in Europe and Canada." wtf are you talking about? Canada and Europe don't let pre-mature babies just die. where did you hear that?

I'm Canadian. I've had nothing but good experiences with healthcare, as in when I need something, like specialists, x-rays, and operation etc. it's easy and quick (just present my healthcard) and I've never has a problem. In general I don't have to think about healthcare because the taxes I...

"what do you mean people in Miami are abnormal?" This is coming from secondhand experience, but I've also heard from multiple people that Miami area is full of weirdos... kind of like the type of people you see on California reality TV. Housewives all doped up on pills on their fifth plastic...

that quote is fake mods should delete this post

lol

what was Harper thinking, trying to ram through a bill that would take away the public campaign finance system, and ramming it through with the budget like an earmark or something? regardless of who you support, it just seemed like a really terrible move.. what were they thinking??

anaconda, we all know what fractional reserve banking is. I'm quite familiar with the positions of Ron Paul, Hayek, Rothbard, Mises etc. sound money and all that. You sound like a child who has just found out that there is no Santa and can't figure out why everyone else isn't as upset as you...

Krugman has posted up an excellent explanation of the current liquidity trap, and an explanation of how stimulus works under these conditions. it also includes an absolutely brutal takedown of Amity Schlaes http://www.princeton.edu/~pkrugman/nominal_wage.pdf even if you are...

"Here is a question for the keynesians. If the government made a 'fiscal package' producing $1T worth of golf carts would this be 'good' for the economy?The industrial production and the employment this would generate it would surely make the economic numbers look better, but would this help the...

just to clarify a bit more, the Keynesian solution is not to "bury people in debt again", at least not private debt. The Keynesian solution is to jumpstart business through government borrowing and government employment. Rather than targeting credit through the banking system, it targets...

I think that people here have a somewhat backwards understanding of Keynes. The only thing that has died recently is Friedman's monetarism which, despite what some of the self-styled libertarians may assume, calls for the extreme expansion of the money supply right now (Friedman thought...

Nouriel Roubini has a new post up today focussing on the troubles in China. re: his bear market sucker's rally call I have to agree. The outlook is terrible, and the unprecedentedly bad news keeps rolling in. When the bear case is based on constantly deteriorating fundamentals, and the bull...

to return to the original post, I have a friend in London who just reported the exact same thing to me, and is planning on returning to North America. He called London in 2008 "a simmering cauldron of anger and despair". Apparently the mood there has gotten downright nasty in the last few months