What does a communist do In the midst of the disastrous obamacare rollout?

[piezoe]

Quote from denner:

And Alan Greenspan is/was an economist as well, but that hasn't stopped you from calling him a disaster (rightfully so, I might add)...

Let's not forget that Krugger was right there in 2002 arguing in favor of creating a new asset bubble (in housing) to offset the deflating tech bubble. In your typical partisan fashion, you've called out Greenspan for his involvement in fostering the disastrous housing bubble, yet you continue to defend Krugger at every turn.

Sorry, you can't have it both ways.

I was indelicately pointing out the possibility that Max E. Pad could be wrong and Krugman right, since Krugman is, after all, an economist.

But you are correct, and thank you for paying attention. I criticized Greenspan for, among other things, believing in equilibrium theory --the idea that markets would spontaneously tend toward equilibrium-- and not stepping in firmly to put a stop to liar loans. I am withholding judgement on Krugman -- I won't hesitate to criticize him later. I am not an economist, so if I were you I wouldn't put too much stock in my musings on economics.

I also believe that Bernanke has been a much better Fed Chairman than Greenspan, and handled things quite well considering, but I think Soros would have made an even better Fed Chairman. So I doubt you'll want to pay too much attention to what I think.

 

[Tsing Tao]

Quote from piezoe:


I also believe that Bernanke has been a much better Fed Chairman than Greenspan, and handled things quite well considering, but I think Soros would have made an even better Fed Chairman. So I doubt you'll want to pay too much attention to what I think.

Sometimes you're so spot on with your analysis, and other times you're so damned delusional that I'd swear multiple people used your account.

 

[Scataphagos]

Quote from Tsing Tao:

Sometimes you're so spot on with your analysis, and other times you're so damned delusional that I'd swear multiple people used your account.

Greenscam was a horror show. Bernanke has been more irresponsible and worse... Yellen to be worse yet. Destruction of the $USD in progress. The ONLY reason the Dollar isn't already in the tank is because all the world's central banks are doing the same money-printing schtick.... leaving the Dollar as still a functional option.

Last good Fed chairman was Volker.

 

[Max E.]

Krugman is not an economist, he is a propagandist, he regularly overlooks major numbers and flaws in his arguments about government all so he can cheerlead more big government.

Quote from piezoe:

I was indelicately pointing out the possibility that Max E. Pad could be wrong and Krugman right, since Krugman is, after all, an economist.

 

[Scataphagos]

Quote from Max E. Pad:

Krugman is not an economist, he is a propagandist, he regularly overlooks major numbers and flaws in his government all so he can cheerlead more big government.

CORRECTAMUNDO!!

 

[Ricter]

Quote from Max E. Pad:

Krugman is not an economist, he is a propagandist, he regularly overlooks major numbers and flaws in his arguments about government all so he can cheerlead more big government.

So, Piezoe, how is your "centrist" approach working out for you?

Lmao.

 

[piezoe]

Quote from Ricter:

So, Piezoe, how is your "centrist" approach working out for you?

Lmao.

Well, among these guys, not that great.

 

[piezoe]

Quote from Scataphagos:

Greenscam was a horror show. Bernanke has been more irresponsible and worse... Yellen to be worse yet. Destruction of the $USD in progress. The ONLY reason the Dollar isn't already in the tank is because all the world's central banks are doing the same money-printing schtick.... leaving the Dollar as still a functional option.

Last good Fed chairman was Volker.

Actually Scat, you've made an important observation -- I hope it wasn't unwitting. In a global network of fiat currencies, we must not get fixated on any one currency in isolation. I see many making that mistake re the U.S. dollar and fearing, irrationally, that QE will lead to disastrous destruction of the dollar. But that isn't going to happen, not at least in the foreseeable future, because the dollar has to be considered relative to both the euro and the yen. All in all, Bernanke has done a pretty good job of getting us out of a big mess with much less damage than we otherwise might have suffered.

I grant you that fed inaction during Greenspan was a primary contributor to the mess, so it is ironic that i'm praising the fed for getting us out of a mess that they played a major roll in creating. Nevertheless, once we were up to our knees in financial doo doo, they did the correct thing, which was to facilitate the government leveraging up while the private sector was leveraging down. It hasn't been painless because there are still too few jobs, and inflation is running higher than the government admits.

The fed, nevertheless, did the right thing. It's Congress that didn't do their part very well. Partly because of Republican obstruction. We needed to invest far more heavily on long range projects, viz., infrastructure and education (which is human infrastructure), and research.

I think Soros was right about the Treasury not handling the Bank rescues correctly. But sadly, Soros wasn't Treasury Secretary, Paulson was.

I could have been a lot worse without Bernanke and the Fed stepping up with QE and the Twist to push down interest rates on the long bond.

Despite all the past fuck ups, if we could somehow manage to just accomplish two things over the next decade our nation would once again find itself on firm financial footing. These two things are: 1. bring medical costs in line with the other industrialized nations --that will require breaking the medical cartel, there is no other way, and 2. Bring per capita defense costs in line with the other industrialized nations. If we just do those two things, Scat, you'll be farting through silk!

 

[zdreg]

Quote from piezoe:

Actually Scat, you've made an important observation -- I hope it wasn't unwitting. In a global network of fiat currencies, we must not get fixated on any one currency in isolation. I see many making that mistake re the U.S. dollar and fearing, irrationally, that QE will lead to disastrous destruction of the dollar. But that isn't going to happen, not at least in the foreseeable future, because the dollar has to be considered relative to both the euro and the yen. All in all, Bernanke has done a pretty good job of getting us out of a big mess with much less damage than we otherwise might have suffered.

I grant you that fed inaction during Greenspan was a primary contributor to the mess, so it is ironic that i'm praising the fed for getting us out of a mess that they played a major roll in creating. Nevertheless, once we were up to our knees in financial doo doo, they did the correct thing, which was to facilitate the government leveraging up while the private sector was leveraging down. It hasn't been painless because there are still too few jobs, and inflation is running higher than the government admits.

The fed, nevertheless, did the right thing. It's Congress that didn't do their part very well. Partly because of Republican obstruction. We needed to invest far more heavily on long range projects, viz., infrastructure and education (which is human infrastructure), and research.

I think Soros was right about the Treasury not handling the Bank rescues correctly. But sadly, Soros wasn't Treasury Secretary, Paulson was.

I could have been a lot worse without Bernanke and the Fed stepping up with QE and the Twist to push down interest rates on the long bond.

Despite all the past fuck ups, if we could somehow manage to just accomplish two things over the next decade our nation would once again find itself on firm financial footing. These two things are: 1. bring medical costs in line with the other industrialized nations --that will require breaking the medical cartel, there is no other way, and 2. Bring per capita defense costs in line with the other industrialized nations. If we just do those two things, Scat, you'll be farting through silk!

"Nevertheless, once we were up to our knees in financial doo doo, they did the correct thing, which was to facilitate the government leveraging up while the private sector was leveraging down."

wrong again.
the government will never be able to outlaw the business cycle. it will only exacerbate the bust when it finally occurs.

"These two things are: 1. bring medical costs in line with the other industrialized nations --that will require breaking the medical cartel, there is no other way, and 2. Bring per capita defense costs in line with the other "
it will never happen.
if it does r&d for advances in medicine will disappear.
an expanding government sector, both directly and indirectly is destroying the US. your agitation to defang the defense sector and to have a one payer health system cannot save the US from the perils of excessive debt.

 

[Max E.]

Quote from Ricter:

So, Piezoe, how is your "centrist" approach working out for you?

Lmao.

When did piezoe ever try being a centrist? was it when he was using salon.com for his talking points? Or was it when he was talking about what great human beings krugman and soros are? lol fuck you guys on the left are delusional.