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	<title>Comments on: Buffett vs Krugman:  Economic Optimist vs Pessimist</title>
	<atom:link href="http://joeduck.com/2010/07/08/buffett-vs-krugman-economic-optimist-vs-pessimist/feed/" rel="self" type="application/rss+xml" />
	<link>http://joeduck.com/2010/07/08/buffett-vs-krugman-economic-optimist-vs-pessimist/</link>
	<description>Have Blog. Will Travel.</description>
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		<title>By: Guido Hanly</title>
		<link>http://joeduck.com/2010/07/08/buffett-vs-krugman-economic-optimist-vs-pessimist/#comment-122655</link>
		<dc:creator><![CDATA[Guido Hanly]]></dc:creator>
		<pubDate>Mon, 15 Aug 2011 10:50:42 +0000</pubDate>
		<guid isPermaLink="false">http://joeduck.com/?p=3805#comment-122655</guid>
		<description><![CDATA[Care to revise this post?  World economy tracking about par with Krugman&#039;s concerns.]]></description>
		<content:encoded><![CDATA[<p>Care to revise this post?  World economy tracking about par with Krugman&#8217;s concerns.</p>
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		<title>By: horatiox</title>
		<link>http://joeduck.com/2010/07/08/buffett-vs-krugman-economic-optimist-vs-pessimist/#comment-116581</link>
		<dc:creator><![CDATA[horatiox]]></dc:creator>
		<pubDate>Mon, 09 Aug 2010 18:11:47 +0000</pubDate>
		<guid isPermaLink="false">http://joeduck.com/?p=3805#comment-116581</guid>
		<description><![CDATA[Have you noted that most middle class and wealthy people, especially WASPs don&#039;t care to discuss economics, Duck?   Even moderates such as Krugmans are ..mostly ignored.   Economic topics, unlike entertainment or casino-related phunn or European travel plans just don&#039;t move much product, online or elsewhere--why, an egghead like Krugman might even recommend raising your taxes.]]></description>
		<content:encoded><![CDATA[<p>Have you noted that most middle class and wealthy people, especially WASPs don&#8217;t care to discuss economics, Duck?   Even moderates such as Krugmans are ..mostly ignored.   Economic topics, unlike entertainment or casino-related phunn or European travel plans just don&#8217;t move much product, online or elsewhere&#8211;why, an egghead like Krugman might even recommend raising your taxes.</p>
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		<title>By: horatiox</title>
		<link>http://joeduck.com/2010/07/08/buffett-vs-krugman-economic-optimist-vs-pessimist/#comment-116058</link>
		<dc:creator><![CDATA[horatiox]]></dc:creator>
		<pubDate>Tue, 27 Jul 2010 16:58:32 +0000</pubDate>
		<guid isPermaLink="false">http://joeduck.com/?p=3805#comment-116058</guid>
		<description><![CDATA[Not to interrupt the travel-blog marketing, but some rational people following this conversation (especially the part dealing with &lt;a href=&quot;http://new-worlds.org/blog/?p=6875&quot; rel=&quot;nofollow&quot;&gt;the clowns of New Worlds&lt;/a&gt;) might note that, well, Byronia has put down the ebonics Economics and  turned a bit macho...AND moralist (sort of code switching between the two), and now refers to &quot;Darwin dorks&quot; (more evidence that he&#039;s anti-scientific and a creationist as many of his rants suggest), and &quot;moral fiber&quot;.  A few comments later in Byro-land, he threatens to beat up &quot;clowns&quot; (a rather typical behavior actually) who don&#039;t appreciate his latest plagiarized Archies&#039; comic.  In other words, Duck, you&#039;ve been warned re Byro: one of Blogdom&#039;s most ridiculous yet violent creatures.]]></description>
		<content:encoded><![CDATA[<p>Not to interrupt the travel-blog marketing, but some rational people following this conversation (especially the part dealing with <a href="http://new-worlds.org/blog/?p=6875" rel="nofollow">the clowns of New Worlds</a>) might note that, well, Byronia has put down the ebonics Economics and  turned a bit macho&#8230;AND moralist (sort of code switching between the two), and now refers to &#8220;Darwin dorks&#8221; (more evidence that he&#8217;s anti-scientific and a creationist as many of his rants suggest), and &#8220;moral fiber&#8221;.  A few comments later in Byro-land, he threatens to beat up &#8220;clowns&#8221; (a rather typical behavior actually) who don&#8217;t appreciate his latest plagiarized Archies&#8217; comic.  In other words, Duck, you&#8217;ve been warned re Byro: one of Blogdom&#8217;s most ridiculous yet violent creatures.</p>
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		<title>By: horatiox</title>
		<link>http://joeduck.com/2010/07/08/buffett-vs-krugman-economic-optimist-vs-pessimist/#comment-115965</link>
		<dc:creator><![CDATA[horatiox]]></dc:creator>
		<pubDate>Sun, 25 Jul 2010 20:44:09 +0000</pubDate>
		<guid isPermaLink="false">http://joeduck.com/?p=3805#comment-115965</guid>
		<description><![CDATA[Krugman in fact argues for more stimulus (a typical Keynesian strategy). Any reasonable stimulus plan would also require raising taxes on the wealthy brackets, even back to say Reagan&#039;s first term levels...around 50%. Tea-party types forget that tax levels are still low, historically speaking like 45%, about the same under Clinton--70% under Nixon. 

That should not be welfare handouts, but as Fergie says used to save jobs of public employees. But those sorts of simple reforms don&#039;t generally appeal to the corporate execs who control the demopublicans--change will probably have to wait until unionists and communists are marching in the streets (with the tea baggers a few blocks away flying swazis)--that&#039;s how the dialectic works.]]></description>
		<content:encoded><![CDATA[<p>Krugman in fact argues for more stimulus (a typical Keynesian strategy). Any reasonable stimulus plan would also require raising taxes on the wealthy brackets, even back to say Reagan&#8217;s first term levels&#8230;around 50%. Tea-party types forget that tax levels are still low, historically speaking like 45%, about the same under Clinton&#8211;70% under Nixon. </p>
<p>That should not be welfare handouts, but as Fergie says used to save jobs of public employees. But those sorts of simple reforms don&#8217;t generally appeal to the corporate execs who control the demopublicans&#8211;change will probably have to wait until unionists and communists are marching in the streets (with the tea baggers a few blocks away flying swazis)&#8211;that&#8217;s how the dialectic works.</p>
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		<title>By: JoeDuck</title>
		<link>http://joeduck.com/2010/07/08/buffett-vs-krugman-economic-optimist-vs-pessimist/#comment-115963</link>
		<dc:creator><![CDATA[JoeDuck]]></dc:creator>
		<pubDate>Sun, 25 Jul 2010 18:10:22 +0000</pubDate>
		<guid isPermaLink="false">http://joeduck.com/?p=3805#comment-115963</guid>
		<description><![CDATA[Frances thanks for the thoughtful comment, but the &quot;2 to 3 year payback&quot; seems wildly optimistic to me.  How in the world are you calculating that number?    To generate 700 billion in extra taxes you need (I&#039;m guessing) about 3-5 billion in extra economic activity [obviously the taxes are dependent on what type of activity - higher incomes pay a lot more taxes, so if you help the poor a lot with stimulus as we&#039;d agree should be the case, I&#039;m not clear you get all that much in extra taxes unless this activity &quot;trickles up&quot; in the form of profits a way it usually will not) ,   The economy is 14 trillion so is seems to me you are talking about a very unrealistic rate of economic growth from the stimulus - a stimulus that has yet to even show it&#039;s done more than stem the troubled tide by pushing the problems to the future.

 Also, if stimulating economies was this easy why not have the Gov spend 10 trillion]]></description>
		<content:encoded><![CDATA[<p>Frances thanks for the thoughtful comment, but the &#8220;2 to 3 year payback&#8221; seems wildly optimistic to me.  How in the world are you calculating that number?    To generate 700 billion in extra taxes you need (I&#8217;m guessing) about 3-5 billion in extra economic activity [obviously the taxes are dependent on what type of activity &#8211; higher incomes pay a lot more taxes, so if you help the poor a lot with stimulus as we&#8217;d agree should be the case, I&#8217;m not clear you get all that much in extra taxes unless this activity &#8220;trickles up&#8221; in the form of profits a way it usually will not) ,   The economy is 14 trillion so is seems to me you are talking about a very unrealistic rate of economic growth from the stimulus &#8211; a stimulus that has yet to even show it&#8217;s done more than stem the troubled tide by pushing the problems to the future.</p>
<p> Also, if stimulating economies was this easy why not have the Gov spend 10 trillion</p>
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		<title>By: frances Harper</title>
		<link>http://joeduck.com/2010/07/08/buffett-vs-krugman-economic-optimist-vs-pessimist/#comment-115962</link>
		<dc:creator><![CDATA[frances Harper]]></dc:creator>
		<pubDate>Sun, 25 Jul 2010 16:26:16 +0000</pubDate>
		<guid isPermaLink="false">http://joeduck.com/?p=3805#comment-115962</guid>
		<description><![CDATA[Supply equals Demand--the most basic principal of economics.
The Bush theory and practice was to increase the money, through tax cuts to business (supply). Bush believed that 
putting money in the pockets of business would lead to increase in production and jobs. But Bush also cut demand--
raising payroll taxes etc.,initiating a period of stagnate
or falling demand. Supply equals demand. Businesses produce
to sell. If demand falls they stop producing. The result
of the Bush tax policy was that production fell and the 
top 2% took the tax savings and invested it--not in jobs
and production--but it speculation. This always leads to 
depression as Supply and Demand must return to equalibrium.

Ferguson would have us continue this policy. Krugman
would have us raise demand.An increase in demand will result
in an increase in supply, not the other way around. 

Saving the jobs of police and teachers and putting 1/2 the
unemployed back to work would raise tax collection and
start a virtuous cycle of economic growth. That tax collection would pay back the stimulous in 2 to 3 years.]]></description>
		<content:encoded><![CDATA[<p>Supply equals Demand&#8211;the most basic principal of economics.<br />
The Bush theory and practice was to increase the money, through tax cuts to business (supply). Bush believed that<br />
putting money in the pockets of business would lead to increase in production and jobs. But Bush also cut demand&#8211;<br />
raising payroll taxes etc.,initiating a period of stagnate<br />
or falling demand. Supply equals demand. Businesses produce<br />
to sell. If demand falls they stop producing. The result<br />
of the Bush tax policy was that production fell and the<br />
top 2% took the tax savings and invested it&#8211;not in jobs<br />
and production&#8211;but it speculation. This always leads to<br />
depression as Supply and Demand must return to equalibrium.</p>
<p>Ferguson would have us continue this policy. Krugman<br />
would have us raise demand.An increase in demand will result<br />
in an increase in supply, not the other way around. </p>
<p>Saving the jobs of police and teachers and putting 1/2 the<br />
unemployed back to work would raise tax collection and<br />
start a virtuous cycle of economic growth. That tax collection would pay back the stimulous in 2 to 3 years.</p>
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		<title>By: horatiox</title>
		<link>http://joeduck.com/2010/07/08/buffett-vs-krugman-economic-optimist-vs-pessimist/#comment-115728</link>
		<dc:creator><![CDATA[horatiox]]></dc:creator>
		<pubDate>Mon, 19 Jul 2010 22:18:50 +0000</pubDate>
		<guid isPermaLink="false">http://joeduck.com/?p=3805#comment-115728</guid>
		<description><![CDATA[Ah Senor Duck--your new pal Byronius has returned after his usual sunday spent in sunday-school (hushhush--) and says...you&#039;re not Glenn Beck--he is!  

Besides, Duck, given your own stated secular non-belief system (and the NWs&#039; gang, except when B-ron&#039;s at church), what is ethics anyway??  Strike while the iron&#039;s hot, survival of the fittest, etc. Or merely utiltarian....ie whatever policy economic or political is voted in, subject to change, whim, subjective desire, etc 

Warren Buffett&#039;s just very successful economic predator as it were, given secular-Darwinian premises (and many conservatives and robber barons made use of Darwin&#039;s ideas...including B-ron&#039;s hero Winston Churchill, occasional supporter of eugenics).]]></description>
		<content:encoded><![CDATA[<p>Ah Senor Duck&#8211;your new pal Byronius has returned after his usual sunday spent in sunday-school (hushhush&#8211;) and says&#8230;you&#8217;re not Glenn Beck&#8211;he is!  </p>
<p>Besides, Duck, given your own stated secular non-belief system (and the NWs&#8217; gang, except when B-ron&#8217;s at church), what is ethics anyway??  Strike while the iron&#8217;s hot, survival of the fittest, etc. Or merely utiltarian&#8230;.ie whatever policy economic or political is voted in, subject to change, whim, subjective desire, etc </p>
<p>Warren Buffett&#8217;s just very successful economic predator as it were, given secular-Darwinian premises (and many conservatives and robber barons made use of Darwin&#8217;s ideas&#8230;including B-ron&#8217;s hero Winston Churchill, occasional supporter of eugenics).</p>
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		<title>By: horatiox</title>
		<link>http://joeduck.com/2010/07/08/buffett-vs-krugman-economic-optimist-vs-pessimist/#comment-115530</link>
		<dc:creator><![CDATA[horatiox]]></dc:creator>
		<pubDate>Wed, 14 Jul 2010 19:43:29 +0000</pubDate>
		<guid isPermaLink="false">http://joeduck.com/?p=3805#comment-115530</guid>
		<description><![CDATA[Looks like some of McKinnon&#039;s aka &quot;Max&quot; and  Nurse Byro&#039;s street palsies stopped by old New Worlds as well: the &quot;sky-harbor&quot; person like a seattle transient-musician. Get that GED, Sky-harbor! And alas Miss Cat eyes has yet to figure out how basic incremental-growth charts operate. &lt;i&gt;Holy Pie Chart Catgirl&lt;/i&gt;.

In other words, the NWs blog is not about taking on capitalist excess, but sort of a...ruse, a daily deception. Have people, at least gullible liberals, believe you are &quot;one of them&quot;, attacking the greedy and powerful, whilst keeping your racket runnin.&#039; Sort of La Cosa Nostra tactics (tho&#039; Max&#039;s gang hardly as classy--or successful-- as LCN).]]></description>
		<content:encoded><![CDATA[<p>Looks like some of McKinnon&#8217;s aka &#8220;Max&#8221; and  Nurse Byro&#8217;s street palsies stopped by old New Worlds as well: the &#8220;sky-harbor&#8221; person like a seattle transient-musician. Get that GED, Sky-harbor! And alas Miss Cat eyes has yet to figure out how basic incremental-growth charts operate. <i>Holy Pie Chart Catgirl</i>.</p>
<p>In other words, the NWs blog is not about taking on capitalist excess, but sort of a&#8230;ruse, a daily deception. Have people, at least gullible liberals, believe you are &#8220;one of them&#8221;, attacking the greedy and powerful, whilst keeping your racket runnin.&#8217; Sort of La Cosa Nostra tactics (tho&#8217; Max&#8217;s gang hardly as classy&#8211;or successful&#8211; as LCN).</p>
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		<title>By: horatiox</title>
		<link>http://joeduck.com/2010/07/08/buffett-vs-krugman-economic-optimist-vs-pessimist/#comment-115511</link>
		<dc:creator><![CDATA[horatiox]]></dc:creator>
		<pubDate>Wed, 14 Jul 2010 14:45:12 +0000</pubDate>
		<guid isPermaLink="false">http://joeduck.com/?p=3805#comment-115511</guid>
		<description><![CDATA[It&#039;s rather pointless to attempt rational discussions with the irrational or mentally ill, Mr. Duck (apologies for linking.,..but a contrast to Krugman&#039;s cool analyses).  Nurse Byro will, I suspect, be back soon mistaking Ad hominems and generalizations for discussion, and reminding you...that you never had an Abbie Hoffman t-shirt (tho he has one to sell, cheap) . For that matter, he&#039;s a capitalist, anti-tax type and Schwarzenegger supporter anyway. 

Also note that the little factoid-chart (assuming it&#039;s accurate...) spammed in by Byro shows that Bill Clinton was the best republican of the last few administrations, economically speaking (a point overlooked by the NWs homies).]]></description>
		<content:encoded><![CDATA[<p>It&#8217;s rather pointless to attempt rational discussions with the irrational or mentally ill, Mr. Duck (apologies for linking.,..but a contrast to Krugman&#8217;s cool analyses).  Nurse Byro will, I suspect, be back soon mistaking Ad hominems and generalizations for discussion, and reminding you&#8230;that you never had an Abbie Hoffman t-shirt (tho he has one to sell, cheap) . For that matter, he&#8217;s a capitalist, anti-tax type and Schwarzenegger supporter anyway. </p>
<p>Also note that the little factoid-chart (assuming it&#8217;s accurate&#8230;) spammed in by Byro shows that Bill Clinton was the best republican of the last few administrations, economically speaking (a point overlooked by the NWs homies).</p>
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		<title>By: JoeDuck</title>
		<link>http://joeduck.com/2010/07/08/buffett-vs-krugman-economic-optimist-vs-pessimist/#comment-115495</link>
		<dc:creator><![CDATA[JoeDuck]]></dc:creator>
		<pubDate>Wed, 14 Jul 2010 04:00:20 +0000</pubDate>
		<guid isPermaLink="false">http://joeduck.com/?p=3805#comment-115495</guid>
		<description><![CDATA[I forgot to check back over there!   What have you gotten me into?  :lol:]]></description>
		<content:encoded><![CDATA[<p>I forgot to check back over there!   What have you gotten me into?  <img src='http://s2.wp.com/wp-includes/images/smilies/icon_lol.gif' alt=':lol:' class='wp-smiley' /> </p>
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