Comments on: From Nobel Laureate to Political Hack http://www.coyoteblog.com/coyote_blog/2009/08/from-nobel-laureat-to-political-hack.html Dispatches from a Small Business Sun, 12 Feb 2012 15:59:49 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Mesa Econoguy http://www.coyoteblog.com/coyote_blog/2009/08/from-nobel-laureat-to-political-hack.html/comment-page-1#comment-21961 Mesa Econoguy Wed, 12 Aug 2009 00:16:25 +0000 http://www.coyoteblog.com/?p=8681#comment-21961 Update: <a href="http://www.cato-at-liberty.org/2009/08/11/is-the-stimulus-working/" rel="nofollow">Is the Stimulus Working</a>? and <a href="http://www.cato-at-liberty.org/2009/08/11/is-the-stimulus-working-2/" rel="nofollow">No Consensus on Stimulus</a>. Update:

Is the Stimulus Working? and No Consensus on Stimulus.

]]> By: Rick http://www.coyoteblog.com/coyote_blog/2009/08/from-nobel-laureat-to-political-hack.html/comment-page-1#comment-21959 Rick Tue, 11 Aug 2009 23:15:22 +0000 http://www.coyoteblog.com/?p=8681#comment-21959 Does anyone really take Krugman seriously anymore? We all know he's a fool. I really don't need another "Krugman's an idiot" post. Does anyone really take Krugman seriously anymore? We all know he’s a fool. I really don’t need another “Krugman’s an idiot” post.

]]> By: puhkawn http://www.coyoteblog.com/coyote_blog/2009/08/from-nobel-laureat-to-political-hack.html/comment-page-1#comment-21932 puhkawn Tue, 11 Aug 2009 13:29:37 +0000 http://www.coyoteblog.com/?p=8681#comment-21932 "What an insipid gonad this asshole is…." LOL, Mesa Econoguy, why don't you tell us how you really feel about Krugman? “What an insipid gonad this asshole is….”

LOL, Mesa Econoguy, why don’t you tell us how you really feel about Krugman?

]]> By: Lorenzo (from downunder) http://www.coyoteblog.com/coyote_blog/2009/08/from-nobel-laureat-to-political-hack.html/comment-page-1#comment-21931 Lorenzo (from downunder) Tue, 11 Aug 2009 12:39:20 +0000 http://www.coyoteblog.com/?p=8681#comment-21931 FDR cannot be held to blame for the intensity of the 1929-32 downturn: that was Hoover and the Fed. FDR's policies were such a mixed bag, that they had very mixed effects. His high wage policy was disastrous, his monetary policy less so. That fiscal stimulus is not what counts can be seen from looking at Australia doing much better: fiscal stimulus is not the reason, it is likely <a href="http://blogsandwikis.bentley.edu/themoneyillusion/?p=2139" rel="nofollow">that monetary policy</a> (and not screwing around the housing market quite so badly) explains most of the difference. FDR cannot be held to blame for the intensity of the 1929-32 downturn: that was Hoover and the Fed. FDR’s policies were such a mixed bag, that they had very mixed effects. His high wage policy was disastrous, his monetary policy less so.

That fiscal stimulus is not what counts can be seen from looking at Australia doing much better: fiscal stimulus is not the reason, it is likely that monetary policy (and not screwing around the housing market quite so badly) explains most of the difference.

]]> By: UNRR http://www.coyoteblog.com/coyote_blog/2009/08/from-nobel-laureat-to-political-hack.html/comment-page-1#comment-21929 UNRR Tue, 11 Aug 2009 11:40:52 +0000 http://www.coyoteblog.com/?p=8681#comment-21929 This post has been linked for the HOT5 Daily 8/11/2009, at <a href="http://unreligiousright.blogspot.com/" rel="nofollow">The Unreligious Right</a> This post has been linked for the HOT5 Daily 8/11/2009, at The Unreligious Right

]]> By: Michael http://www.coyoteblog.com/coyote_blog/2009/08/from-nobel-laureat-to-political-hack.html/comment-page-1#comment-21925 Michael Tue, 11 Aug 2009 02:13:57 +0000 http://www.coyoteblog.com/?p=8681#comment-21925 I think Krugman is looking at government as the financial sector and that government then needs to be protected from the people. I think Krugman is looking at government as the financial sector and that government then needs to be protected from the people.

]]> By: Methinks http://www.coyoteblog.com/coyote_blog/2009/08/from-nobel-laureat-to-political-hack.html/comment-page-1#comment-21923 Methinks Tue, 11 Aug 2009 01:07:39 +0000 http://www.coyoteblog.com/?p=8681#comment-21923 HA HA HA HA!!!! I just had regulatory compliance meeting with our clearing firm today and we all came to one conclusion: They are trying to regulate us out of existence. EVERY SINGLE TRADE has some kind of regulatory compliance issue. Every correspondence, EVERYTHING. That's cool, though. We can set up shop anywhere in the world and trade on any exchange in the world without so much as moving our butts one inch in one direction or another in our chairs. If the United States wants to choke off trading on its exchanges with stifling regulation, let 'em. There's a whole world out there and it's moving on without us. HA HA HA HA!!!!

I just had regulatory compliance meeting with our clearing firm today and we all came to one conclusion: They are trying to regulate us out of existence. EVERY SINGLE TRADE has some kind of regulatory compliance issue. Every correspondence, EVERYTHING. That’s cool, though. We can set up shop anywhere in the world and trade on any exchange in the world without so much as moving our butts one inch in one direction or another in our chairs. If the United States wants to choke off trading on its exchanges with stifling regulation, let ‘em. There’s a whole world out there and it’s moving on without us.

]]> By: Mike Walsh http://www.coyoteblog.com/coyote_blog/2009/08/from-nobel-laureat-to-political-hack.html/comment-page-1#comment-21922 Mike Walsh Tue, 11 Aug 2009 01:01:19 +0000 http://www.coyoteblog.com/?p=8681#comment-21922 Krugman names his blog "The Conscience of a Liberal". I guess ideology outweighs facts. Krugman names his blog “The Conscience of a Liberal”. I guess ideology outweighs facts.

]]> By: elambend http://www.coyoteblog.com/coyote_blog/2009/08/from-nobel-laureat-to-political-hack.html/comment-page-1#comment-21921 elambend Tue, 11 Aug 2009 00:29:38 +0000 http://www.coyoteblog.com/?p=8681#comment-21921 This is the same Krugman that was going on and on just four months ago that the stimulus wasn't near big enough and should be significantly expanded. What a hypocrite. This is the same Krugman that was going on and on just four months ago that the stimulus wasn’t near big enough and should be significantly expanded. What a hypocrite.

]]> By: Mesa Econoguy http://www.coyoteblog.com/coyote_blog/2009/08/from-nobel-laureat-to-political-hack.html/comment-page-1#comment-21918 Mesa Econoguy Mon, 10 Aug 2009 22:50:41 +0000 http://www.coyoteblog.com/?p=8681#comment-21918 Bullshit, Krugey-baby. 1) <a href="http://www.investopedia.com/terms/i/implementation_lag.asp" rel="nofollow">Implementation lag</a> (and see non-implementation until 2010) 2) Financial markets aren't "self-regulated" The financial industry is among the most heavily regulated in the world, so he's completely off base there. <i>So is Krugman arguing that just the notion of stimulus spending, without the actual spending, has saved us?</i> Yes, rational expectations theory. It’s meaningless in this case, since the same assertion can be made for the financial downturn & market selloff. Also, is he talking only about Obama’s stimulus? Gee, that’s a pretty nifty switch you can throw there Paulie. Mind if I give it a try? <i>I suspect clever people can still make a lot of money from the financial system in the next few years," [Krugman] warned.</i> Oh, yeah, wouldn’t want anyone making money in the financial markets now, would we? After all, they exist solely as conduits for people to buy your asinine books. What an insipid gonad this asshole is…. Bullshit, Krugey-baby.

1) Implementation lag (and see non-implementation until 2010)

2) Financial markets aren’t “self-regulated”

The financial industry is among the most heavily regulated in the world, so he’s completely off base there.

So is Krugman arguing that just the notion of stimulus spending, without the actual spending, has saved us?

Yes, rational expectations theory. It’s meaningless in this case, since the same assertion can be made for the financial downturn & market selloff.

Also, is he talking only about Obama’s stimulus? Gee, that’s a pretty nifty switch you can throw there Paulie. Mind if I give it a try?

I suspect clever people can still make a lot of money from the financial system in the next few years,” [Krugman] warned.

Oh, yeah, wouldn’t want anyone making money in the financial markets now, would we? After all, they exist solely as conduits for people to buy your asinine books.

What an insipid gonad this asshole is….

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