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At 10/21/12 02:42 PM, science-is-fun wrote: The problem is it's difficult for laymen to judge what government policies should be precisely and unfortunately people rely on shills like Krugman for the complex analysis required, or the polar opposite, at this point though several indicators have exceeded historical maximums so we can safely say it's time to reel things back in now.

I largely agree but that's an interesting jab at Krugman. What other economists out there would you recommend?

At 10/21/12 02:42 PM, science-is-fun wrote:

At 10/16/12 05:53 PM, TheMason wrote: Where Keynesian economics went wrong is that he failed to account for the greed for power that politicians and government bureaucracies have.

The problem is it's difficult for laymen to judge what government policies should be precisely and unfortunately people rely on shills like Krugman for the complex analysis required, or the polar opposite, at this point though several indicators have exceeded historical maximums so we can safely say it's time to reel things back in now.

Can we "safely say that?" Because economists in Europe said that as the catalyst for continent-wide austerity, and economic growth/employment hasn't exactly been booming since the austerity measures went in to effect. On the other hand, buildings and cars in Greece have certainly been on fire a lot.

At 10/21/12 10:35 PM, JMHX wrote: Can we "safely say that?" Because economists in Europe said that as the catalyst for continent-wide austerity, and economic growth/employment hasn't exactly been booming since the austerity measures went in to effect. On the other hand, buildings and cars in Greece have certainly been on fire a lot.

There's also the fact that the Golden Dawn is steadily gaining support along among the Greek citizens with an alarmingly high percentage of cops that are in support of them. It's almost as if history is repeating itself, not like that ever happens or anything...

At 10/18/12 08:16 PM, JMHX wrote:

Nah, school taught me not to engage in endless circular hypotheticals.

This is an irrelevant statement since "circular hypotheticals" are nowhere in this thread/

At 10/21/12 11:48 PM, Feoric wrote:

At 10/21/12 10:35 PM, JMHX wrote:

There's also the fact that the Golden Dawn is steadily gaining support along among the Greek citizens with an alarmingly high percentage of cops that are in support of them. It's almost as if history is repeating itself, not like that ever happens or anything...

Yes, austerity breeds radicalism and anti-government sentiment, while promoting nationalism. It's a sad relationship, and dangerous if left unchecked.

At 10/16/12 04:59 PM, Camarohusky wrote: The Fed interest rates should have been increased about a decade ago. + Stuff

I can't believe we agree on something.

At 11/30/12 05:09 PM, SmilezRoyale wrote:

At 10/16/12 04:59 PM, Camarohusky wrote: The Fed interest rates should have been increased about a decade ago. + Stuff

I can't believe we agree on something.

I can't believe I agree with you two.

"Quantitative Easing" sounds like a fancy word for inflation.

At 11/30/12 05:28 PM, leanlifter1 wrote: "Quantitative Easing" sounds like a fancy word for inflation.

You should request a handle change to "Inflation"

At 11/30/12 05:50 PM, JMHX wrote:

At 11/30/12 05:28 PM, leanlifter1 wrote: "Quantitative Easing" sounds like a fancy word for inflation.

You should request a handle change to "Inflation"

Come again please .