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Larry Signor
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pgl, Your point was well made. Owen is a troll and a jerk with an overly developed sense of self importance, or more probably, smoking something he should have left alone.
Toggle Commented Jan 15, 2015 on 'Supply-Side Enablers' at Economist's View
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Remarkable concept. Can't be re-posted enough (which I did with attribution. http://frominsidethetincan.blogspot.com/2015/01/on-gettin-older.html, http://www.cepr.net/index.php/blogs/beat-the-press/it-is-important-that-women-can-combine-work-and-family-obligations-we-dont-need-more-kids-japan-edition).
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When y'all calm down, here is a very interesting discussion of your topic: http://www.huffingtonpost.com/william-k-black/lenders-put-the-lies-in-l_b_780521.html
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"benefit incidence" is the most compelling argument for fiscal stimulus there is. Low initial capital costs make fiscal stimulus much more attractive. Benefits, deficits and any purported healthcare drag would respond positively to a more vibrant economy. Could this be a second order "benefit incidence"?
Toggle Commented Feb 9, 2014 on Who Benefits from Benefits? at Economist's View
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An extremely tragic situation. I don't understand how we can bail out wall street to the tune of trillions but cannot help 3.4 million people with a miserly 70 billion dollars. A one shot deal, "problem solved", as my grandson says. Many reasons not to act will be trotted out, but the main reason to act will predominate: it's the right thing to do.
Toggle Commented Feb 9, 2014 on Links for 02-08-2014 at Economist's View
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"...we have wealthy people believing that whatever made them wealthy must be good, and so they want to force that upon everyone! It is a recipe for disaster." Empirically, I have to agree with this statement, if not the context.
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"OBAMACARE CREATES 2.5 MILLION NEW JOBS...ObamaCare is actually a serious stimulus package right at the time we need it..." If only we had "real" journalists, and "...if frogs had wings, they wouldn't bump their a...s".
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You are quite wrong. Jefferson turned down a large bequest that was intended to free his slaves. They were too valuable to him. "After Jefferson’s death in 1826, the families of Jefferson’s most devoted servants were split apart. Onto the auction block went Caroline Hughes, the 9-year-old daughter of Jefferson’s gardener Wormley Hughes. One family was divided up among eight different buyers, another family among seven buyers." http://www.smithsonianmag.com/history/the-dark-side-of-thomas-jefferson-35976004/?page=9 Perhaps you should read the entire article.
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Well said.
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“Obamacare costs 2 million jobs” Very sketchy logic. The majority of Americans are cash constrained. The will "choose" to work less? Like I said, sketchy.
Toggle Commented Feb 5, 2014 on Links for 02-05-2014 at Economist's View
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"...than the more intellectually formidable Paul Krugman." Jared is more pragmatic. Being a realist does not make one less "...intellectually formidable...". Mr. Bernstein is not as shrill as PK, yet, but he has his moments. There is definitely a need for both styles.
Toggle Commented Feb 5, 2014 on Links for 02-05-2014 at Economist's View
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Opportunity and mobility are only applicable to about 50% of the people living in poverty. 43% of the poverty stricken are children or are over 65, ~ 12% of the impoverished are adults with a disability. No amount of "opportunity" is going to feed them, buy medicine or pay their electric bill. The opportunity discussion may help decrease the level of poverty down the road. The only way to cure immediate poverty is with money today. Not discussions about impacting future poverty. Have we given up on todays impoverished? This "pivot" to opportunity may be a more comfortable conversation, but that's the point, isn't it? http://poverty.ucdavis.edu/faq/how-poverty-status-related-age http://disabilitycompendium.org/compendium-statistics/poverty/4-1-poverty-civilians-with-disabilities-ages-18-64-years-living-in-the-community-for-the-u-s-
Toggle Commented Feb 4, 2014 on Links for 02-04-2014 at Economist's View
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SNAP should be expanded, so should common sense. http://www.epa.gov/foodrecovery/
Toggle Commented Jan 11, 2014 on Undernutrition at Economist's View
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At this point we are still talking about winding down QE. Unwinding QE, if it can be done, will be an economic event with far reaching consequences. The idea of reselling bonds which were only marketable to the Fed is some what dubious.
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Someone should have asked the carpenters, plumbers, electricians and other construction workers. We knew it was a bubble. 30 years in the business and a person can recognize a tour bus pulling into McDonalds. Now we need models and conferences to explain how greedy fools stole the money? A little honesty and decency could have averted most of the recent financial suffering in the US. Do we have a model for that?
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Taegan Goddard sends us to Roll Call for the true worth of a lizzard. http://www.rollcall.com/news/newt_gingrich_rose_through_congress_to_wealth-210733-1.html?pw
Toggle Commented Dec 3, 2011 on "Newt's War on Poor Children" at Economist's View
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Today, from Calculated Risk: http://www.calculatedriskblog.com/2011/08/european-commission-president-crisis-no.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+CalculatedRisk+%28Calculated+Risk%29 Letter from the President of the European Commission José Manuel Barroso: "The 21st of July bold decisions on the Greek package and the increased flexibility of the EFSF (precautionary use, recapitalisation of banks and intervention in secondary bond markets), are not having their intended effect on the markets. ... [I]t is clear that we are no longer managing a crisis just in the euro-area periphery. ... We need also to consider how to further improve the effectiveness of both the EFSF and the ESM in order to address the current contagion. ... I would like to call on you to accelerate the approval procedures for the implementation of these decisions so as to make the EFSF enhancements operational very soon."
Toggle Commented Aug 4, 2011 on On the International Front at Tim Duy's Fed Watch
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Aug 4, 2011