Milton Friedman - The myth of a free lunch

[Max E.]

Quote from piezoe:

Those are two quite different matters.

You are the bonehead who claimed that Greenspan was following "currrent academic theory" when he dropped interest rates to zero amidst an overheated economy.


I will pay you 10 grand if you find a legitimate text book that advocates that kind of nonsense.

 

[Scataphagos]

Quote from Tsing Tao:

I never claimed to be a constitutional expert, a trading expert, foreign policy, etc. I just know macroeconomics. That's my career, sorry if that annoys you.

Aren't we supposed to engage in discussions on a discussion forum?

Besides... Patriots don't need a PhD in Constitutional Law to recognize when a power-hungry, evil government is trying to run roughshod over the founding principles of the country to ruin it in their own delusional image. It's so incredibly obvious, we can't understand how the parasite half doesn't "get it".... and what it means to even them, eventually. (Or, maybe the parasites are just so greedy they can't see past the "gimme something now" mindset.) ???

Understandable how people like to feel pride when "their team wins"... but the parasites don't seem to grasp that the apparent "victory" they are celebrating is actually the death knell for freedom and economic opportunity... not only for themselves, if they're not already elderly, but for their kids and grandkids. Who in their right mind would celebrate THAT?

 

[Tsing Tao]

Quote from Scataphagos:

Who in their right mind would celebrate THAT?

The brainwashed.

 

[bigarrow]

Quote from Max E. Pad:


I will pay you 10 grand if you find a legitimate text book that advocates that kind of nonsense.

LOL 10 grand, now I'm impressed, except of course it'll be at your sole discretion if you win or lose, so I guess we could all safely make bets like this.

 

[Max E.]

Quote from bigarrow:

LOL 10 grand, now I'm impressed

You are right, i probably should have lowered the bar knowing that a lowly shingler was hanging around, if you want too, next time, I will make it something you can also bet on, and we can bet on 10 minutes off your next coffee break instead. (if your boss lets you)

 

[bigarrow]

Quote from Max E. Pad:

You are right, i probably should have lowered the bar knowing that a lowly shingler was hanging around, if you want too, next time, I will make it something you can also bet on, and we can bet on 10 minutes off your coffee break instead. (if your boss lets you)

I didn't know you were a job snob too. But hey if you need that to boost your ego, do what it takes to makes you feel better about yourself.

 

[Max E.]

Quote from bigarrow:

I didn't know you were a job snob too. But hey if you need that to boost your ego, do what it takes to makes you feel better about yourself.

Im not a job snob, i just dont respect the stuck up opinion of people like you who have little to no reason to be arrogant.

 

[bigarrow]

Quote from Max E. Pad:

Im not a job snob, i just dont respect the arrogant opinion of people like you.

I was making fun of your faux bet for 10 grand, nothing arrogant about that. And when you act like a job snob you are a job snob, but hey it's your ego that needs stroking.

 

[piezoe]

Quote from Max E. Pad:

You are the bonehead who claimed that Greenspan was following "currrent academic theory" when he dropped interest rates to zero amidst an overheated economy.


I will pay you 10 grand if you find a legitimate text book that advocates that kind of nonsense.

I made no claims regarding his keeping interest rates extraordinarily low in an overheated economy. As far as I am aware this, if it occurred, is not connected to his belief that markets would spontaneously self-correct, i.e. seek equilibrium. Nor am I aware that he "dropped interest rates to zero amidst an overheated economy" at any time while he was Fed Chairman. It is my opinion that he kept rates too low coming out of a mild recession in Bush's presidency, i.e., he delayed tightening a little too long. This could possibly be related to his belief in equilibrium theory, but I made, and make, no claims to that effect.

Interest rates are presently extraordinarily low, but the economy is not overheated. You may wish to contrast the present situation with that under Greenspan coming out of the mild recession a year prior to the Bush re-election.

 

[Lucrum]

Quote from bigarrow:

You guys on the right are a hoot. You're all constitutional experts, all economic experts, all gun experts, all trading experts, all macro economic experts, all experts at running a business, all foreign policy experts and on and on and on. And you're all on here at the same time, what a lucky audience we are to have such a brain trust in one place at one time.

And you are an expert on roofing and pickup trucks.

Which begs the question, why do you keep embarrassing yourself interjecting on topics you know nothing about?