tag:blogger.com,1999:blog-4320479736034351430.post848121288049910667..comments2023-10-03T07:01:41.144-05:00Comments on Always On Watch: Semper Vigilans: Economic RealitiesAlways On Watchhttp://www.blogger.com/profile/08192688822955022541noreply@blogger.comBlogger38125tag:blogger.com,1999:blog-4320479736034351430.post-81232151025297916522015-01-09T19:29:59.540-06:002015-01-09T19:29:59.540-06:00Well, companies are doing well because they've...Well, companies are doing well because they've purged every possible 'extra' employee using obamacare and obama regs as the cause. They've also raised prices and reduced portion sizes. Translation: They've Screwed the middle class with the head imbecile obama leading the front.<br /><br />And that's just a snowflake on the tip of the iceberg.<br /><br />The after effects? Why the kaka for brains Libtards Squeal with delight at their masters 'economic boom'.<br />Kidhttps://www.blogger.com/profile/05287399775879832602noreply@blogger.comtag:blogger.com,1999:blog-4320479736034351430.post-50251824684970577112015-01-06T17:59:22.715-06:002015-01-06T17:59:22.715-06:00IRRELEVANT? Do you even READ the comments to you,...IRRELEVANT? Do you even READ the comments to you, Ducky? It's totally relevant. I'm asking YOU if your resentment comes from his going off the idiot liberal plantation. GET IT?<br />SF..I'm with you; I've always respected and admired Thomas Sowell. Zhttps://www.blogger.com/profile/15989573357446569262noreply@blogger.comtag:blogger.com,1999:blog-4320479736034351430.post-10670239029390225022015-01-06T17:13:12.055-06:002015-01-06T17:13:12.055-06:00Not good...Under Obama: Federal Debt Up $84,266 Pe...Not good...<a href="http://www.cnsnews.com/news/article/terence-p-jeffrey/under-obama-federal-debt-84266-full-time-private-sector-worker" rel="nofollow">Under Obama: Federal Debt Up $84,266 Per Full-Time Private-Sector Worker</a>.Always On Watchhttps://www.blogger.com/profile/08192688822955022541noreply@blogger.comtag:blogger.com,1999:blog-4320479736034351430.post-85767044680974449872015-01-06T12:36:16.898-06:002015-01-06T12:36:16.898-06:00More info on the Demand Side failures since 2008:
...More info on the Demand Side failures since 2008:<br /><br /><a href="http://www.bloombergview.com/articles/2014-08-19/european-austerity-is-a-myth" rel="nofollow">European Austerity is a Myth</a><br /><br />The chart is damning. Government spending/GDP has increased in all but a few European countries, so when the Krugman types moan about European "austerity" what they really mean is European governments haven't increased spending enough, by their lights.<br /><br />See also:<br /><br /><a href="http://www.forbes.com/sites/jeffreydorfman/2013/08/01/austerity-in-europe-it-will-work-if-its-ever-tried/" rel="nofollow">Austerity In Europe: It Will Work If It's Ever Tried</a><br /><br />It all add up to Demand Side FailureSilverfiddlehttps://www.blogger.com/profile/13541652236676260219noreply@blogger.comtag:blogger.com,1999:blog-4320479736034351430.post-90120682905939595252015-01-06T12:27:54.078-06:002015-01-06T12:27:54.078-06:00Ducky,
Allow me to clarify: Supply Side Economic...Ducky,<br /><br />Allow me to clarify: Supply Side Economic and the Laffer Curve are related. <br /><br />The Laffer Curve is a back of the cocktail napkin (literally!) conception of how to maximize revenue flowing into the federal coffers by finding the ideal tax rate. It's downside is that it is a conception and cannot be mathematically quantified because economic models are always complicated by factors outside the models ken.<br /><br />Marxists who hate the rich (while having millions of their own investments and possessing firearms lockered three states away) can't stand the Laffer Curve because it expresses the reality that you get more tax money out of people by setting the rate somewhere south of confiscatory. Kennedy proved it. It just doesn't satisfy because it doesn't bludgeon the rich bloody with IRS ball bats. <br /><br />Now, I will agree with you that too many people are like the carpenter with the hammer, believing that tax cuts are always the answer. They are not.<br /><br />Kennedy's tax cuts, as well as Reagans (more of a mixed bag there. Some taxes were increased) were efficacious because they cut down a rate that was too high, which was proven after the fact because they spurred economic growth and increased revenue flowing into government coffers.<br /><br />In the Reagan example, where they went wrong, was that they increased spending over and above the increase in federal revenue.<br /><br />I don't know who Dr. May is, but I agree with this short post by him on Supply-Side v. Demand Side <br /><br />http://www.cavemannews.com/Supplysidevsdemandsideeconomics.htm<br /><br />But, I know I will get argument from you over this WSJ article, which demonstrates that the Demand Side incentives have demonstrably failed:<br /><br />http://www.wsj.com/articles/SB10001424052702304418404579467141423574578Silverfiddlehttps://www.blogger.com/profile/13541652236676260219noreply@blogger.comtag:blogger.com,1999:blog-4320479736034351430.post-92041240911626514292015-01-06T12:10:12.169-06:002015-01-06T12:10:12.169-06:00Ducky
Shallow? Sowell? You've obviously nev...Ducky<br /><br />Shallow? Sowell? You've obviously never read any of his books. <br /><br />He is a PhD, published professor of economics and social science.<br /><br />What are your credentials again? How many books have you written on economics and the social sciences? Silverfiddlehttps://www.blogger.com/profile/13541652236676260219noreply@blogger.comtag:blogger.com,1999:blog-4320479736034351430.post-64382102235262053092015-01-06T12:05:29.233-06:002015-01-06T12:05:29.233-06:00Ducky,
I'll somewhat agree with this statement...Ducky,<br />I'll somewhat agree with this statement...<br /><br /> "if the expansion were distributing income more equitably there would be reason to reduce social spending."<br /><br />...albeit in a less Marxian formulation: Yes, our governments at all levels need to expand economic opportunity so more people can fulfill their dreams and join in to expand the economy.<br /><br />Redistribution results in a permanent underclass. Economic liberty is the answer.<br /><br />Also, taxes alone mathematically cannot solve the federal government's ongoing fiscal swirl down the toilet.Silverfiddlehttps://www.blogger.com/profile/13541652236676260219noreply@blogger.comtag:blogger.com,1999:blog-4320479736034351430.post-857204204877768462015-01-05T22:54:20.024-06:002015-01-05T22:54:20.024-06:00Why do you even bring it up.
He's wrong. He...Why do you even bring it up.<br />He's wrong. He's a shill.<br /><br />The fact that he's black is irrelevant.<br />Ted Cruz is Hispanic and he's an idiot.<br />Louie Gohmert is white and he's and idiot.<br /><br />What I object to about Sowell is that he's <b> shallow </b> in addition to being wrong.<br />Or not exactly wrong. His goals are reasonably consistent with his ideas. He wants to make sure that the working class gets stiffed and that's being done while they ask for another.<br /><br />He's trite like a Faux Snooze shill talking about liberals who don't care about black on black crime.<br />Yeah, we want something done about gun control, wages and those things that will increase crime.<br /><br />It's all so very sad.<br />Ducky's herehttps://www.blogger.com/profile/14608115001116619877noreply@blogger.comtag:blogger.com,1999:blog-4320479736034351430.post-87404255545648025022015-01-05T21:26:33.392-06:002015-01-05T21:26:33.392-06:00Ducky, I'm sorry; I don't even get your p...Ducky, I'm sorry; I don't even get your point? I ask you specifically; does it bother you because he's a Black man who doesn't regurgitate the liberal mantra? Is that what bugs you about him?Zhttps://www.blogger.com/profile/15989573357446569262noreply@blogger.comtag:blogger.com,1999:blog-4320479736034351430.post-20681969945591164982015-01-05T19:13:51.493-06:002015-01-05T19:13:51.493-06:00z, if you can find anything in my post that even a...z, if you can find anything in my post that even alludes to the hack Sowell being black, have at it. <br />Really, it's your own projection but let's see what you come up with.<br /><br />Silverfiddle, we've gone through the supply side shenanigans for a few decades and only true believers like yourself and Sowell see value in continuing.<br />Difference is that Sowell is a paid mercenary and you just get screwed. It baffles me.<br />Ducky's herehttps://www.blogger.com/profile/14608115001116619877noreply@blogger.comtag:blogger.com,1999:blog-4320479736034351430.post-59341275231608538352015-01-05T18:42:14.129-06:002015-01-05T18:42:14.129-06:00Z: Ducky is obviously a racist, attacking a black...Z: Ducky is obviously a racist, attacking a black scholar like that.<br /><br />Ducky: He writes columns for the non-economist. His published papers and books go into great detail. His column made a simple point and made it well: There is no such theory as 'trickle down' other than in the fevered minds of leftwingers.Silverfiddlehttps://www.blogger.com/profile/13541652236676260219noreply@blogger.comtag:blogger.com,1999:blog-4320479736034351430.post-73881175419172841692015-01-05T18:39:33.773-06:002015-01-05T18:39:33.773-06:00You do know they continually borrow money to pay o...You do know they continually borrow money to pay off previous debt, right?Silverfiddlehttps://www.blogger.com/profile/13541652236676260219noreply@blogger.comtag:blogger.com,1999:blog-4320479736034351430.post-65624503219906842872015-01-05T17:37:55.441-06:002015-01-05T17:37:55.441-06:00Adrienne- thanks for the lift. The site is swell. ...Adrienne- thanks for the lift. The site is swell. Just for the record, my pension is NOT from the government. Private pensions are at risk with this Omnibus fiasco. The laws ERISA governing pensions are being changed for the first time in 40 years. Instead of companies being required to meet their obligations they are letting them off the hook.Bunkervillehttps://www.blogger.com/profile/14427978686579892380noreply@blogger.comtag:blogger.com,1999:blog-4320479736034351430.post-39792878755763112862015-01-05T17:20:00.936-06:002015-01-05T17:20:00.936-06:00SF, thanks for linking that article...Sowell gets ...SF, thanks for linking that article...Sowell gets it so right after years of study and experience. Thanks.Zhttps://www.blogger.com/profile/15989573357446569262noreply@blogger.comtag:blogger.com,1999:blog-4320479736034351430.post-91399702201233881702015-01-05T17:18:18.426-06:002015-01-05T17:18:18.426-06:00Ducky, what are unrelenting and awful attacks on S...Ducky, what are unrelenting and awful attacks on Sowell about? Just because he doesn't talk like liberal Black Americans, actually putting Black feet to the fire, not in love with Sharpton, sorry for the economic mess near-socialism has got us into?<br />Seriously....do you ever bother to read with a mind not closed by your own ideology?<br />Zhttps://www.blogger.com/profile/15989573357446569262noreply@blogger.comtag:blogger.com,1999:blog-4320479736034351430.post-81482145094983648502015-01-05T17:16:06.332-06:002015-01-05T17:16:06.332-06:00Oil is being produced much quicker and in much lar...Oil is being produced much quicker and in much larger quantities, from what I read this morning, Ducky.<br /><br />And who suggested that he's responsible for the market falling? I sure didn't. I didn't say he'll take credit for oil being down, either, if you'll notice...I suggested it because liberals are sneaking that in while raving about the fantastic Obama economy's point.Zhttps://www.blogger.com/profile/15989573357446569262noreply@blogger.comtag:blogger.com,1999:blog-4320479736034351430.post-32620393715923318282015-01-05T16:53:18.867-06:002015-01-05T16:53:18.867-06:00I notice that hack starts out with economic epheme...I notice that hack starts out with economic ephemera and immediately slips into bashing public schools for indoctrination.<br /><br />The pure stinky cheese.<br />He's all over the place and doesn't offer much solid theory, if any.<br /><br />Just a shill and a poor one at that.Ducky's herehttps://www.blogger.com/profile/14608115001116619877noreply@blogger.comtag:blogger.com,1999:blog-4320479736034351430.post-2218018501246962332015-01-05T16:50:41.142-06:002015-01-05T16:50:41.142-06:00You know silverfiddle, I would enjoy getting to th...You know silverfiddle, I would enjoy getting to the core of your theories. I think there are some worthwhile ideas.<br /><br />But when you cover them with puking of a mercenary hack like Sowell, there's no possibility of common understanding.<br />Ducky's herehttps://www.blogger.com/profile/14608115001116619877noreply@blogger.comtag:blogger.com,1999:blog-4320479736034351430.post-78638367590655023972015-01-05T16:48:07.539-06:002015-01-05T16:48:07.539-06:00The current debt will cost more to service?
Nonsen...The current debt will cost more to service?<br />Nonsense.<br /><br />However, if the expansion were distributing income more equitably there would be reason to reduce social spending.<br />I say do it through tax policy.Ducky's herehttps://www.blogger.com/profile/14608115001116619877noreply@blogger.comtag:blogger.com,1999:blog-4320479736034351430.post-60991628084587965542015-01-05T15:31:56.010-06:002015-01-05T15:31:56.010-06:00Also, as you are fond of pointing out, the governm...Also, as you are fond of pointing out, the government is borrowing money cheap.<br /><br />When interest rates go up, the cost of financing all the debt the demicans and republicrats have run up will be crushing.Silverfiddlehttps://www.blogger.com/profile/13541652236676260219noreply@blogger.comtag:blogger.com,1999:blog-4320479736034351430.post-23221387401832219682015-01-05T14:31:37.066-06:002015-01-05T14:31:37.066-06:00Ducky,
I will give you credit for not engaging in...Ducky,<br /><br />I will give you credit for not engaging in <a href="http://capitalismmagazine.com/2005/04/trickle-down-ignorance/" rel="nofollow">Trickle Down Ignorance</a>, although you got pretty darn close with your Supply Side comments.Silverfiddlehttps://www.blogger.com/profile/13541652236676260219noreply@blogger.comtag:blogger.com,1999:blog-4320479736034351430.post-76802883079194445622015-01-05T14:23:19.025-06:002015-01-05T14:23:19.025-06:00@ Ducky: "However, the myth that the wealthy...@ Ducky: <i>"However, the myth that the wealthy create jobs and should be enriched in order to create wider growth is part and parcel with the Laffer Curve/supply side fraud."</i><br /><br />You're kidding right? Or has your cheese slipped of your cracker?<br /><br />Please to provide us a quote from anyone on Reagan's economic team where they said the wealthy should be enriched by the government? Or please to shut up your quacking nonsense.<br /><br />Secondly, the wealthy do create jobs. Since time immemorial, rich people have been paying poorer people to do things for them. Do you read?<br /><br />Final question: Have you ever been given a job by a poor man? <br /><br />Didn't think so.<br /><br />You're quacking out unusually-nonsensical nonsense today. Been at the hash pipe?<br /><br />Silverfiddlehttps://www.blogger.com/profile/13541652236676260219noreply@blogger.comtag:blogger.com,1999:blog-4320479736034351430.post-45679813724099269482015-01-05T14:17:46.940-06:002015-01-05T14:17:46.940-06:00Ducky,
To take George Washington's famous obs...Ducky,<br /><br />To take George Washington's famous observation one step further, our feral government is a fire raging out of control. Anyone who thinks it is their friend, or that they can control it is crazy.<br /><br />Or, as someone else observed, a government big enough to give you everything is also big enough to take it all away.<br /><br />I know you Big Daddy Government worshipers don't like to hear that, but its cold, hard reality.Silverfiddlehttps://www.blogger.com/profile/13541652236676260219noreply@blogger.comtag:blogger.com,1999:blog-4320479736034351430.post-20982543300074243642015-01-05T14:17:16.643-06:002015-01-05T14:17:16.643-06:00I agree, government blowing cash to the tune of th...I agree, government blowing cash to the tune of the banksters and Wall St. brokers goes nowhere.<br />However, the myth that the wealthy create jobs and should be enriched in order to create wider growth is part and parcel with the Laffer Curve/supply side fraud.<br /><br />Enjoy the austerity.<br />Ducky's herehttps://www.blogger.com/profile/14608115001116619877noreply@blogger.comtag:blogger.com,1999:blog-4320479736034351430.post-85266194813238537212015-01-05T14:10:22.454-06:002015-01-05T14:10:22.454-06:00What I mean is they've brought the interest ra...What I mean is they've brought the interest rate down to almost zero, it hasn't stimulated the economy, so there is nowhere left to go. They've used up their bag of tricks.Silverfiddlehttps://www.blogger.com/profile/13541652236676260219noreply@blogger.com