Keynesian Magic and Wizardry

[Ricter]

Quote from Tsing Tao:

Absolutely not true. The bond market, and economists care about the growth of the debt, the speed in which that growth occurs, the interest on the debt, the rate of the debt, etc. All of it matters. I will agree that it is a discussion of whether or not a country can repay, but what has that got to do with the stat you are quoting? You said debt was worse before. When? This was in response to a cartoon where the country was driving into levels of "DEBT" never before seen. You claimed it was worse before. I ask again, when?

There is a simple solution to this. Just say "I meant the debt to GDP." and then we can continue. .

Which is precisely what the OP understood when he and I moved on.

Now, you do the same, and quit trying to win these trivial technical points. By the way, the other variables you just mentioned are also relationships, lol.

 

[CaptainObvious]

Quote from Tsing Tao:

That is a fascinating parable! I never heard it before.

If only we could have our memory wiped so easily, and we were alone in our malady that we, alone, saw the truth. I think you then get into an argument over what, really, is truth. If only one person sees things one way, is that truth? Or can truth just "be" without anyone even knowing it?

You're making my brain hurt.

The truth, in regard to economic theory is, all theories work, until they don't. All end up failing. They fail as a result of another truth. Human beings are easily corrupted by power and money, among other things.

 

[Tsing Tao]

Quote from Ricter:

Which is precisely what the OP understood when he and I moved on.

Now, you do the same, and quit trying to win these trivial technical points. By the way, the other variables you just mentioned are also relationships, lol.

Relationships to one subset of data, not to two. There is a difference, even if you adamantly refuse to admit it, over and over.

You're a sad case, Ricter. And it is obvious to anyone reading this thread. I'll be sure and bookmark it so we can revisit it whenever you are unable to answer questions posed to you.

And for the second time, I am the OP.

 

[Ricter]

Quote from Tsing Tao:

...I'll be sure and bookmark it so we can revisit it whenever you are unable to answer questions posed to you.

That will be the most productive thing you do this year, so carry on. ; )

 

[Tsing Tao]

Quote from Ricter:

That will be the most productive thing you do this year, so carry on. ; )

Which will still be 100x more productive than anything you have probably accomplished throughout your inept lifetime. Especially before Google was invented.

 

[Ricter]

Quote from Tsing Tao:

Which will still be 100x more productive than...

Derivative, come up with your own material.

 

[FixedGrin]

Interesting article. Whether anyone agrees with the criticisms of these economic policies or not, it valuable to consider this point:

Austrian wizards do not believe "the problem is the solution", no matter how many times it is repeated.

You can ignore the Austrian wizards part and apply it to anything in our government. You can take a step back from the economic policies and look at it this way: more pandering to special interests is not going to solve anything. But I think most American voting is based on the voters' specific interest and not on what they believe is best for the country.

 

[Tsing Tao]

Quote from Ricter:

Derivative, come up with your own material.

 

[PHOENIX TRADING]

Quote from CaptainObvious:

Regardless of what economic theory you choose to employ, risk must be managed.

Risk is explictly NOT MANAGED by engaging in tooth fairy economics by govt decree.