Gfranc

12 ms·

1.
by Gfranc 15y ago
Fiscal austerity, as Friedman would agree, is unbelievably stupid at this time. However, because the government is so far in debt to begin with, adding debt through stimulus is guaranteed to be unpopular. The application of Keynesian policy
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by Gfranc 15y ago
Fair enough and interesting reading...thanks for taking time to write the replies. When I speak of corruption, I’m speaking primarily in banking. Banks know this game. Banks also know the position that the fed is in, and what decisions it m
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by Gfranc 15y ago
"Having taken far more than my fair share of classes, my experience is that, aside from project heavy courses, only upper level grad classes are really something you couldn't replace with a mass-audience, online course." I wholeheartedly ag
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by Gfranc 15y ago
This thread is old...but I do want to finish by saying that I think we agree on a few points. The main issue I still have is that Krugman believes that Keynesian models can be applied in our political system. Sure, they should work just as
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by Gfranc 15y ago
Perhaps you can enlighen me. Let me oil the conversation. From wikipedia. Monetary policy is the process by which the monetary authority of a country controls the supply of money, often targeting a rate of interest for the purpose of promot
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by Gfranc 15y ago
Here is what is most interesting. The "outrage is over the government subsidizing the banking industry", which is purely a Keynesian phenomena. This is the primary problem with Krugman's beloved Keynesian economics, it looks great in theory
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by Gfranc 15y ago
I agree. I always hear proponents talk as if roads, police, education and utilities were a large part of the budget, when that is demonstrably untrue. It's an easy target for people that refuse to make tough decisions on the real spending p
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by Gfranc 15y ago
You just perfectly illustrated my point, "measures like that" you say. None of those articles talk about the Volker rule, or closing tax loopholes, they talk about raising the taxes on the "rich", in a blanket fashion. I can get behind fixi
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by Gfranc 15y ago
Well stated. Let's be honest, the sytems is certainly rigged. The banking sector and the government are absolutely destructive as they exist. I'd like to know who is claiming that "closing tax loopholes" and "endorsing the Volker rule" is s
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6 points by Gfranc 16y ago|2 comments