tag:blogger.com,1999:blog-3098264341625381422.post7545373603362940752..comments2024-03-18T17:01:07.165-07:00Comments on The Provocateur: The Sellout...The Betrayal?mike volpehttp://www.blogger.com/profile/02999118519606254362noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-3098264341625381422.post-60835504139393735332009-02-07T16:58:00.000-08:002009-02-07T16:58:00.000-08:00Anybody want to take bets on whether Indicator Ver...Anybody want to take bets on whether Indicator Veritatis' IP address would show up as Inside The Beltway?<BR/><BR/>Keynes is dead. So are this theories.<BR/><BR/>And asking government to fix the economy is like asking the guy who set your house afire to put it out.<BR/><BR/>You want to fix the economy? Cut taxes. <BR/><BR/>Period.Yanni Znaiohttps://www.blogger.com/profile/17236788322853107739noreply@blogger.comtag:blogger.com,1999:blog-3098264341625381422.post-12234290086348826252009-02-07T15:31:00.000-08:002009-02-07T15:31:00.000-08:00We certainly can't expect either consumer spending...We certainly can't expect either consumer spending or business investment to go up when the government spends like crazy and drowns out any other spending.<BR/><BR/>When you say "real economists", those are economists that agree with you. It's funny that Keynesian economics has never worked in reality, but as long as "real economists" say it works that's good enough for you. <BR/><BR/>You can however stimulate both C and I by simply decreasing the tax burden on both. Imagine if we suspended or eliminated entirely the capital gains tax. You think this is more stimulative than getting rid of the capital gains tax. How about giving everyone a tax holiday for six months. Wouldn't that be more stimulative than massive government spending and borrowing.mike volpehttps://www.blogger.com/profile/02999118519606254362noreply@blogger.comtag:blogger.com,1999:blog-3098264341625381422.post-77177411147905147032009-02-07T15:21:00.000-08:002009-02-07T15:21:00.000-08:00It is not a 'sellout', it is not 'betrayal'. It is...It is not a 'sellout', it is not 'betrayal'. It is just a little bit of the <B>seriously</B> overdue help our economy needs.<BR/><BR/>Macroeconomics 101: the health of the economy is determined by the available money supply, which in turn is very nearly dictated by the "C+I+G schedule" i.e. the sum of C=consumer spending, I=capital investment and G=government spending.<BR/><BR/>Obviously under today's circumstances, we cannot expect C or I to rise, so we have no choice: we must raise G.<BR/><BR/>Real economists have known this since Keynes published his General Theory in 1936. It is rabid ideologues and far right sycophants who continue to deny this.<BR/><BR/>You don't have to take my word for it. You can take the word of a Nobel Prize winning economist, who explains it all very well at http://www.nytimes.com/2009/02/06/opinion/06krugman.html?_r=1&em<BR/><BR/>One things emerges crystal clear: we NEED this stimulus and we need it IMMEDIATELY. Partisan wrangling is threatening the whole country mass unemployment for YEARS.Indicator Veritatishttps://www.blogger.com/profile/14061750313228927235noreply@blogger.comtag:blogger.com,1999:blog-3098264341625381422.post-11765838728383122782009-02-07T09:18:00.000-08:002009-02-07T09:18:00.000-08:00"...and under the circumstances, this is the best ..."...and under the circumstances, this is the best we can do."<BR/><BR/><BR/>Admitting defeat, accepting mediocrity, being tired and worn down, too lazy to stand for the Country.<BR/><BR/>Easier to roll over and listen to the soothing voice of The Bam-meister telling you it will be ok...<BR/><BR/>Just sold the US citizen down the line for a verbal stroke from the dis-loyal opposition of the taxpayers.Anonymousnoreply@blogger.com