Recent content by ababba

So the enemy of my enemy is my friend even if that person is wrong and doesn't even present a good argument for their case?

No the point is that responsible loans can default. You don't know in advance which ones will, it's called uncertainty and it exists. In my example, every loan was responsible. Each borrower would repay if able.

Here is the reason an economist would give. Sometimes people with good intentions and a hard work ethic with every intent to pay back debt go bankrupt because they are unlucky. Imagine 1000 people want to borrow 20k each to start a business. Maybe 50-100 will lose all the money and default. A...

Take seriously to me means listen to their arguments and decide for yourself whether those arguments are correct based on logic and evidence. Its what a thinking person should do with any Economist.

http://consultingbyrpm.com/blog/2011/10/update-on-my-inflation-bets.html Here is what happens when one of the Austrians puts their money where their mouth is about their philosophy.

Numerical predictions are always idiotic, because there are so many things you can't anticipate in the future. I would like to see some numerical predictions by Ron or Peter Schiff to compare their records, but good point.

This is about whether you just assume someone is wrong or you use evidence to actually prove it. One is stupid and the other is not.

Like what bad predictions? Maybe he did, but I haven't seen it yet. Actually you are dead wrong on the last point. He thought the stimulus passed was far from enough to end the recession. He suggested it should be much larger.

That's not how the prediction game works my friend. You don't get to say Krugman was right but for the wrong reason. When you make a prediction that X is going to happen in a certain amount of time, you are wrong when X doesn't happen in the correct amount of time. That's what I'm looking for...

If by wrong prediction you mean something that Krugman said would happen that didn't, then I believe the burden is on you. I don't see any examples in the article. Do you care to enlighten me? Many of the points are about his views of future, still to be determined, events.

I read the article, no wrong predictions by krugman in there.

I know a lot of people have ideas like this, but its important to understand that Y=C+I+G is an accounting identity and says nothing about how these things are determined. Your statement about crowding out under a balanced budget is just mathematically untrue. In addition, the balanced budget...

I will stipulate that the higher investment is unsustainable, in the sense that it will not continue forever. However, given that higher I and higher C both come from higher labor supply, they are not technologically unsustainable, they could be maintained with higher labor supply. However, we...

Interesting posts worthy of response. I'm on my iPhone now so I can't write out the details. Ill do it by tomorrow.

LOL, explain this then. I've read everything.