tag:blogger.com,1999:blog-8702840202604739302.post2417344694074355492..comments2024-03-28T03:38:53.734-07:00Comments on MacroMania: Feynman on the Scientific MethodDavid Andolfattohttp://www.blogger.com/profile/12138572028306561024noreply@blogger.comBlogger32125tag:blogger.com,1999:blog-8702840202604739302.post-1848135836647724222012-08-28T02:16:25.713-07:002012-08-28T02:16:25.713-07:00Wow.....What a nice post!!....Your post is an exce...Wow.....What a nice post!!....Your post is an excellent example of why I keep coming back to read your excellent quality content that is forever updated.I would like to read newer posts and to share my thoughts with you.Thanks a lot....<br /><br /><br /><a href="http://www.janski.edu.pl/Uczelnia,filozofia.html" rel="nofollow">filozofia</a>Amy joehttps://www.blogger.com/profile/09478501662217849916noreply@blogger.comtag:blogger.com,1999:blog-8702840202604739302.post-70303378726886245242012-06-05T07:17:01.284-07:002012-06-05T07:17:01.284-07:00"And what if they know nothing about present ..."And what if they know nothing about present or past?"<br /><br />Then they're named John D and they pretend to be Alexander Hamilton on the internet.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8702840202604739302.post-77493520084197989222012-06-05T07:15:36.285-07:002012-06-05T07:15:36.285-07:00Boy, John D is really persistent, isn't he? D...Boy, John D is really persistent, isn't he? Despite all evidence to the contrary, he still thinks he understands economics and that he is scoring "points" with his bizarre hero-worship of George Soros. Get a hobby, John, before you have a stroke.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8702840202604739302.post-68142996519074143112012-06-04T22:43:25.058-07:002012-06-04T22:43:25.058-07:00Oh Alex, let me send you my kid's soother.Oh Alex, let me send you my kid's soother.David Andolfattohttps://www.blogger.com/profile/12138572028306561024noreply@blogger.comtag:blogger.com,1999:blog-8702840202604739302.post-30183461013261183532012-06-04T18:09:52.301-07:002012-06-04T18:09:52.301-07:00I visited this site this evening only to read that...I visited this site this evening only to read that you have elevated yourself above Soros in addition to Krugman.<br /><br />Here is the link to full text of the "Secret Speech" by Soros.<br /><br />http://www.businessinsider.com/full-text-of-george-soros-speech-2012-6<br /><br />It would be interesting to read your attempts at explaining where or why he is wrong.Anonymoushttps://www.blogger.com/profile/07904132869021579763noreply@blogger.comtag:blogger.com,1999:blog-8702840202604739302.post-44968084993823533402012-06-04T17:57:09.099-07:002012-06-04T17:57:09.099-07:00https://athens.indymedia.org/local/webcast/uploads...https://athens.indymedia.org/local/webcast/uploads/frankfurt__harry_-_on_bullshit.pdfAnonymoushttps://www.blogger.com/profile/07904132869021579763noreply@blogger.comtag:blogger.com,1999:blog-8702840202604739302.post-56875449704308841142012-06-04T15:30:12.517-07:002012-06-04T15:30:12.517-07:00David
Try this link
Read, learn, enjoy
http://2...David<br /><br />Try this link<br /><br />Read, learn, enjoy<br /><br />http://2800827.blog.hexun.com/76470341_d.htmlAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-8702840202604739302.post-66128771651738498432012-06-04T15:19:40.471-07:002012-06-04T15:19:40.471-07:00MYSTERY: That Amazing George Soros Lecture Goes Mi...MYSTERY: That Amazing George Soros Lecture Goes Missing From His Website<br /><br />Read more: http://www.businessinsider.com/george-soros-article-no-longer-on-website-2012-6#ixzz1wrjayvzgAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-8702840202604739302.post-92148612431026031222012-06-04T15:17:41.110-07:002012-06-04T15:17:41.110-07:00David, sorry, but you were too slow to the link.
...David, sorry, but you were too slow to the link.<br /><br />Perhaps Soros only intended the speech for limited distribution. Perhaps he fears for people can't handle the truth. <br /><br />Anyway, as confirmed by Joe Weisenthal and others, the speech is no longer up on the Soros site.<br /><br />If I can find a copy you will be the first to know. What is your motto: Believe those who are seeking the truth. Soros is a seeker.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8702840202604739302.post-14390140990232070622012-06-04T14:44:27.288-07:002012-06-04T14:44:27.288-07:00" How does the economy know whether the Hoove..." How does the economy know whether the Hoover dam is publicly or privately financed? Or whether the money to pay for the dam was created by the Fed Res or Chase?"<br />sure, good question. <br /><br />ive got an idea, lets eliminate taxes and pay for everything with Bernanke Bills. Hows that sound? instead of taxes well all just pay for it through inflation.dwbnoreply@blogger.comtag:blogger.com,1999:blog-8702840202604739302.post-10985254831754124992012-06-04T13:15:05.528-07:002012-06-04T13:15:05.528-07:00Your link doesn't work, just like Soros.Your link doesn't work, just like Soros.David Andolfattohttps://www.blogger.com/profile/12138572028306561024noreply@blogger.comtag:blogger.com,1999:blog-8702840202604739302.post-7448933761987562102012-06-04T12:22:32.064-07:002012-06-04T12:22:32.064-07:00Once again, John D, you show your ignorance. Buyi...Once again, John D, you show your ignorance. Buying the Hoover Dam is a different issue from how it is financed. Please stop killing electrons to put your nonsense on the internet.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8702840202604739302.post-8435383300532184982012-06-04T11:39:57.377-07:002012-06-04T11:39:57.377-07:00Soros, yesterday, on the scientific method and eco...Soros, yesterday, on the scientific method and economics<br /><br />http://www.georgesoros.com/interviews-speeches/entry/remarks_at_the_festival_of_economics_trento_italy/Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8702840202604739302.post-43657083805243037292012-06-03T15:12:50.384-07:002012-06-03T15:12:50.384-07:00David,
Miles Kimball has a reply up to SW in whic...David,<br /><br />Miles Kimball has a reply up to SW in which he writes:<br /><br />"Monetary policy does not have the power to permanently raise the level of output."<br /><br />Now I mention this for two reasons:<br /><br />First, it gives me the opportunity to apply Feynman: experience shows that monetary policy does have the power to permanently raise the level of output. For example, it can finance, through the creation of money, the building of the Eire Canal, the railroads across the West, or the Hoover Dam. Even Franklin was wise enough to print money, whenever the opportunity presented itself in Philadelphia.<br /><br />Second, if true, why permit private debt, for doesn't it logically follow that private debt would not have the ability to permanently raise the level of output either?<br /><br />How does the economy know whether the Hoover dam is publicly or privately financed? Or whether the money to pay for the dam was created by the Fed Res or Chase?<br /><br />(Please don't tell me that banks don't create money.)Anonymoushttps://www.blogger.com/profile/07904132869021579763noreply@blogger.comtag:blogger.com,1999:blog-8702840202604739302.post-13300009180938292382012-06-03T14:00:00.041-07:002012-06-03T14:00:00.041-07:00Europe mulls major step towards "fiscal union...Europe mulls major step towards "fiscal union"<br /><br />http://www.reuters.com/article/2012/06/03/us-eurozone-union-idUSBRE85207J20120603<br /><br />Europe has 'three months' to save euro: George Soros<br /><br />http://economictimes.indiatimes.com/news/international-business/europe-has-three-months-to-save-euro-george-soros/articleshow/13787785.cms<br /><br />The point: that old vision thing. <br /><br />Go back to 1785, where the United States found itself many many times worse off than today. The problem was tackled by vision, specifically the vision of Alexander Hamilton. He had the vision to create a national government (fiscal union plus) and to go through the process of writing the Constitution, getting it adopted, getting Washington elected, and then as the First Secretary of the Treasury leading the Country to doing an extraordinary number of things to lay a long term foundation for prosperity (national bank, The Plan for the Federal Government taking over all debt from the Revolutionary War, . . . )<br /><br />Europe is an object lesson right before our eyes. It's problems are a lack of political institutions that can deal with the complexity of modern economics and the fundamental challenge of maintaining confidence.<br /><br />As an aside, no Hayekians need apply for the job. <br /><br />Unfortunately, we refuse to learn from Europe. Macro doesn't have the answers and cannot, for the economy was broken and flawed long before 2006, as noted by Stiglitz and many others. Our problems are more fundamental.<br /><br />We need, now, to tackle the shortcomings of our political institutions, which are equally poorly adapted to a very changed economic world. The problem is obvious. <br /><br />David here does a better job of explaining why than any other econ blog; as he wrote a day or two ago, a lot of stuff needs sorted out, more than a helicopter drop.<br /><br />What is equally and painfully obvious is that we have no Hamilton on the horizon, nor do we have any prospect of him or her coming on the scene. <br /><br />Such a person is not going to come from a university, for they would never make tenure (the professional jealousies and palace intrigue too great (law schools are so sick that we now have faculties purging non-tenure track legal writing instructors).<br /><br />They are not going to come from any state government. They are not going to come from Congress---look at the professional jealousies against Obama<br /><br />In sum, it is only about vision; it has always been about vision.Anonymoushttps://www.blogger.com/profile/07904132869021579763noreply@blogger.comtag:blogger.com,1999:blog-8702840202604739302.post-10808811295779084582012-06-03T10:58:49.899-07:002012-06-03T10:58:49.899-07:00"You have an astronomically higher chance of ..."You have an astronomically higher chance of persuading me with facts and evidence than based on quotes from dead people." <br /><br />- dwbdwbnoreply@blogger.comtag:blogger.com,1999:blog-8702840202604739302.post-32702345302835357722012-06-03T10:42:08.780-07:002012-06-03T10:42:08.780-07:00I do not know which makes a man more conservative ...I do not know which makes a man more conservative - to know nothing but the present, or nothing but the past.<br /> <br /> John Maynard Keynes<br /><br /><br />And what if they know nothing about present or past?<br /><br />AHAnonymoushttps://www.blogger.com/profile/07904132869021579763noreply@blogger.comtag:blogger.com,1999:blog-8702840202604739302.post-78915545982827761002012-06-03T07:18:08.480-07:002012-06-03T07:18:08.480-07:00As soon as people start talking to me about vision...As soon as people start talking to me about vision and dead people my immediate reaction is that they are about to tell me about a 900 foot Jesus that they saw who assured them that their city of faith will be built. talk about BS. "Vision" is usually limited to people with no imagination.dwbnoreply@blogger.comtag:blogger.com,1999:blog-8702840202604739302.post-89946482240835019282012-06-03T03:10:29.151-07:002012-06-03T03:10:29.151-07:00dwb
here is a wonderful essay on your most distin...dwb<br /><br />here is a wonderful essay on your most distinguishing aspect<br /><br />https://athens.indymedia.org/local/webcast/uploads/frankfurt__harry_-_on_bullshit.pdfAnonymoushttps://www.blogger.com/profile/07904132869021579763noreply@blogger.comtag:blogger.com,1999:blog-8702840202604739302.post-18400526831618000672012-06-03T03:00:38.610-07:002012-06-03T03:00:38.610-07:00Does Spain Aim To Take The Euro Down?
http://www....Does Spain Aim To Take The Euro Down?<br /><br />http://www.forbes.com/sites/haydnshaughnessy/2012/06/03/does-spain-aim-to-take-the-euro-down/<br /><br />To the second question – well, it’s complicated. Spain is thought to have more unsold housing stock than the United States has – with a population one tenth of the size - in a country where unemployment is now over 24% and household debt is around 125% of household income. Spanish banks hold the majority of that fragile mortgage debt.<br /><br />The key is though that the banks of other European countries also hold a lot of Spain’s debt. A third of the country’s mortgage debt, for example, is owned by French, German and Dutch banks.Anonymoushttps://www.blogger.com/profile/07904132869021579763noreply@blogger.comtag:blogger.com,1999:blog-8702840202604739302.post-3498378711892805452012-06-01T22:26:19.803-07:002012-06-01T22:26:19.803-07:00Awesome. Thanks, Jeff!Awesome. Thanks, Jeff!David Andolfattohttps://www.blogger.com/profile/12138572028306561024noreply@blogger.comtag:blogger.com,1999:blog-8702840202604739302.post-15121203871858599702012-06-01T21:39:26.005-07:002012-06-01T21:39:26.005-07:00David,
I'm on a "blog comments" die...David,<br /><br />I'm on a "blog comments" diet, but I was moved to share this with you. I thought I would do e-mail, but then I thought maybe other readers would benefit: http://www.paulgraham.com/hamming.html.<br /><br />As one whose vocation is research, I believe you will relate to Richard Hamming, though it is a strong position.<br /><br />Best,<br />Jeff Oxman (signing full name because can't figure out how to change Google id)Prof Jhttps://www.blogger.com/profile/16539902592080231165noreply@blogger.comtag:blogger.com,1999:blog-8702840202604739302.post-65156985602275313122012-06-01T20:06:11.402-07:002012-06-01T20:06:11.402-07:00David, thank you for the link. I really liked the...David, thank you for the link. I really liked these sentences at the end:<br /><br />The process of reallocating resources and rebuidling relationships after a traumatic event like the recent financial crisis is likely to take some time. This would be true even if all the king's men knew how to put Humpty Dumpty back together again.<br /><br />David, my words for this are vision or leadership.<br /><br />Long ago I became convinced that PK, Wolf's, and Brad's vision of helicopter drops wasn't sufficient, necessary but not sufficient. The damage we have done is worse, perhaps, than what a major war could do. Five words come to mind: vision, leadership, trust, patience, and shared sacrifice.<br /><br />My two cents is that between Obama being so weak on the vision leadership thing and the GOP so intent on making sure that he does not succeed that it is over. All the King's men ain't never going to put it back together again. <br /><br />In particular, the Right wants power and then wants to destroy all but the .5% at the top. And they are damn sure that all the sacrifice is by the people who can least make such. They are the most hateful vicious evil people on the planet since the Nazis and the Banzi Boys. <br /><br />Principally, I hold people like your friend SW at fault. <br /><br />SW to me is just a ____ He is worse than a Cochrane or Taylor or Lucas. Miles Kimball starts a new blog, trying to lay some middle ground and first think out of the box SW attacks him.<br /><br />With friends like that, who needs enemies. Well piss on SW. Anyone reading his blog can tell: (1) he has no idea what he is talking about, and (2) the only gene in his body is the "I told you so gene." He works for the Fed and for 4 years has been writing that he is smarter than Bernanke, that Bernanke can't do his job, and that inflation is going to jump out from under a bush, so that he can say, "I told you so." Useless.<br /><br />What is especially useless is that he never ever gives sufficient information for anyone to judge risk. He missed his calling. Given his ability to hide the ball, he should be trading bonds for Jamie.Anonymoushttps://www.blogger.com/profile/07904132869021579763noreply@blogger.comtag:blogger.com,1999:blog-8702840202604739302.post-58925865901483201422012-06-01T19:14:46.042-07:002012-06-01T19:14:46.042-07:00Mr. Hamilton,
With respect to the survey evidence...Mr. Hamilton,<br /><br />With respect to the survey evidence you cite regarding the conclusiveness of the "deficient demand hypothesis," perhaps you'd like to read what I have to say here first: <br /><br />http://andolfatto.blogspot.ca/2010/12/deficient-demand-deflated-balloon.htmlDavid Andolfattohttps://www.blogger.com/profile/12138572028306561024noreply@blogger.comtag:blogger.com,1999:blog-8702840202604739302.post-3555553652473300472012-06-01T19:11:49.164-07:002012-06-01T19:11:49.164-07:00" he felt that vision (where there is no visi..." he felt that vision (where there is no vision the people perish) is more important than Martin Wolf style helicopter drops"<br /><br />vision is bloody useless. can u eat vision? maybe you meant "venison"?<br /><br />" he felt that venison (where there is no venison the people perish) is more important than Martin Wolf style helicopter drops"<br /><br />see i could agree with that. still need that helicopter tho.dwbnoreply@blogger.com