Krugman: U.S. Needs Death Panels, Sales Taxes.

[RiotGrip]

i know you claim to be a mind reader(), but how do you know what the athlete perceives as his own best interest? show all work

Really?

I used that example to set the stage for my next sentence regarding instant gratification. People do what they think is necessary to get what they want NOW. Those decisions often prove to be detrimental in the future. You can be really thick sometimes

[I invented that]

Really?

my post

One of the basic assumptions of economics is people or businesses will base decisions on their own best interests.

your post

That is obviously a false assumption, and it was made clear in 2008. That is like assuming that athletes would opt not take performance enhancing drugs because of long term effects. We are an immediate gratification nation now and that goes for the financial sector too.

how is it a false assumption when you admit they acted on their own perceived self interests? if you want to judge their choices of self interest, you should start a new thread

[RiotGrip]

my post


your post


how is it a false assumption when you admit they acted on their own perceived self interests? if you want to judge their choices of self interest, you should start a new thread

To say they acted on their own self interests implies they knew the govt would bail them out without consequence. Do you think they predicted the bailout?

[MatthewT]

To say they acted on their own self interests implies they knew the govt would bail them out without consequence. Do you think they predicted the bailout?

yeah, that's the whole problem with Fannie Mae and Freddy Mac; no matter what, the government would bail out the mortgages

[Goo For You]

More Krugman

http://www.nytimes.com/2013/02/11/op...s&emc=rss&_r=0

That is some fucked up shit right there!

[BeetTheBoxer]

[Goo For You]

yeah, that's the whole problem with Fannie Mae and Freddy Mac; no matter what, the government would bail out the mortgages

It's pretty wild that China owned a huge chunk of debt issued by those GSEs. That's globalization for you.

[I invented that]

That is some fucked up shit right there!

what, the fact krugman resorted to character assassination and name calling? that's a liberals pimp hand.

[Goo For You]

what, the fact krugman resorted to character assassination and name calling? that's a liberals pimp hand.

Damn your critical thinking skills!

[Avery]

Just a hint to all you Ron Paul fans out there, I'm not going to spend the whole day digging up data to address every claim and concern of yours so don't even bother. Hardliners should stop pretending like data ever convince you of anything. (Your shtick is transparent and unseemly.) Others know how to look for data in the numerous databases online. (Do your own homework.)



"Prove that a concept I made up and refuse to define and measure doesn't exist"



How do your data differentiate between "good busts" and "malinvestment busts"?

Self professed Libertarian using Ron Paul as a pejorative. Hmmm.....(not that you aren't an obvious liar)

In any case, your lack of empirical evidence is duly noted. You can stop asking others for theirs, since you can't produce your own.

[Avery]

Well Hayek's economics are theory just like anything else. I feel there is great flaw in the thought that a free market devoid of any govt. intervention/regulation can regulate itself.

These firms on wallstreet had some of the lowest regulations in decades, and no pesky glass-steagall restrictions(still don't really). Sure they did OK at first, but their greed got the best of them and we had a huge economic crisis. And who had to bail them out to prevent a nationwide economic collapse?--The government, funny how none of those firms said "deregulate us less and we'll fix this" back in september 2008(I know that is before you cared about politics) they lined up for the dough.

Name me one commercial/investment bank that failed in '08, Mr. Glass-Steagall....

[Goo For You]

Self professed Libertarian using Ron Paul as a pejorative. Hmmm.....(not that you aren't an obvious liar)

That gets under your skin, doesn't it? (I know what I'm doing.)

In any case, your lack of empirical evidence is duly noted. You can stop asking others for theirs, since you can't produce your own.

Dude your whole approach denies the usefulness of empirical evidence. Why do you need me to tell you this?

In my previous posts I attacked the logic of the theory itself. That's how Austrians want to be challenged. (Here's more.) Let's hear you make a nonempirical case for why "malinvestment" (libertarian investment = 100% good, government-aided investment = 100% bad) is a better thing to believe in than some less stringent delineation (maybe government-aided is only 90% bad and libertarian is 10%? or maybe it varies or is unknowable? why not take these possibilities even into consideration?).

[RiotGrip]

Name me one commercial/investment bank that failed in '08, Mr. Glass-Steagall....

would bear stearns qualify?

[Goo For You]

^ Maybe Lehman Brothers too?

[RiotGrip]

^ Maybe Lehman Brothers too?

Figures you'd try to help your ball cuddler who is just pretending to know what he's talking about

Avery was really mad last night, you know he wasn't getting laid.

[I invented that]

Figures you'd try to help your ball cuddler who is just pretending to know what he's talking about

Avery was really mad last night, you know he wasn't getting laid.

[Goo For You]

Figures you'd try to help your ball cuddler who is just pretending to know what he's talking about

Isn't calling someone my ball cuddler ball cuddling in itself?

(Like I'm someone whose balls obviously deserve cuddling...)

:

Avery was really mad last night, you know he wasn't getting laid.

I think high school bullying is the #1 reason for joining LvMI.

Lots of pent up anger in those folks:

"I'll show the whole world they're wrong!!"

[MatthewT]

commercial bank =/= investment house

try again libtards

[RiotGrip]

Name me one commercial/investment bank that failed in '08, Mr. Glass-Steagall....

commercial bank =/= investment house

try again libtards

Bear Stearns was an investment/merchant bank. You try again brainwashed Jesus freak.

People in the reality based community are talking here Mr. Thewrong (Alias AsshatthewT), please go back to the hannity forum.

[Goo For You]

What is this a clever ploy to say investment bank to get us to name investment houses?

How about you cut to the chase and argue how the larger deregulatory push (epitomized in G-S repeal) didn't cause all these banks/houses/whatever to merge into larger, more complex, and more leveraged institutions?