greyhammer90
the drunk piano player
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He did have a super nice golden retriever though.
"Who's a genetically superior boy?! WHO'S A GENETICALLY SUPERIOR BOY?! That's right, you! You are!"
He did have a super nice golden retriever though.
"Who's a genetically superior boy?! WHO'S A GENETICALLY SUPERIOR BOY?! That's right, you! You are!"
Yup, because straight talk it's a really good idea and should happen.
To understand what’s going on, it may be helpful to start with what we should be doing. The federal government can indeed borrow very cheaply; meanwhile, we really need to spend money on everything from sewage treatment to transit. The indicated course of action, then, is simple: borrow at those low, low rates, and use the funds raised to fix what needs fixing.
But that’s not what the Trump team is proposing. Instead, it’s calling for huge tax credits: billions of dollars in checks written to private companies that invest in approved projects, which they would end up owning. For example, imagine a private consortium building a toll road for $1 billion. Under the Trump plan, the consortium might borrow $800 million while putting up $200 million in equity — but it would get a tax credit of 82 percent of that sum, so that its actual outlays would only be $36 million. And any future revenue from tolls would go to the people who put up that $36 million.
That's really interesting. I tend to agree with that analysis. And it should go for both sides, as Bluto suggested:
Just as we shouldn't define the movement that brought Trump to power by pointing to Richard Spencer, we shouldn't broadly define the more populist sector of the left wing by pointing to the most extreme BLM activist, either.
Thoughts on Krugman calling it a scam?
http://www.nytimes.com/2016/11/21/o...-left-region&WT.nav=opinion-c-col-left-region
I have a feeling the Norquist worshippers within the GOP Congress are going to want to break the back of the Davis-Bacon Act if they go along with one trillion in infrastructure spending.
Thoughts on Krugman calling it a scam?
http://www.nytimes.com/2016/11/21/o...-left-region&WT.nav=opinion-c-col-left-region
I have a feeling the Norquist worshippers within the GOP Congress are going to want to break the back of the Davis-Bacon Act if they go along with one trillion in infrastructure spending.
All you need to know about Krugman:
![]()
Guy is a tool.
That Pence tweet is clever, but fake.
That Pence tweet is clever, but fake.
Don't you dare shit in my cheerios on Blackout Wednesday.
Don't you dare shit in my cheerios on Blackout Wednesday.
My Macro professor at ND assigned the Krugman textbook. Dude was the worst.
You get drunk the Wednesday before Thanksgiving?????? Or just every Wednesday?
Blackout Wednesday!?!?!
Sounds amazing. Do tell
Wednesday night before Thanksgiving, when everyone is back in town for the holiday, you go out to bars and drink. Thought that was a common thing...?
Wednesday night before Thanksgiving, when everyone is back in town for the holiday, you go out to bars and drink. Thought that was a common thing...?
https://en.wikipedia.org/wiki/Blackout_Wednesday
Wednesday night before Thanksgiving, when everyone is back in town for the holiday, you go out to bars and drink. Thought that was a common thing...?
https://en.wikipedia.org/wiki/Blackout_Wednesday
All you need to know about Krugman:
![]()
Guy is a tool.
So are you going to comment on the story or hide behind ad hominems?
Krugman then wrote:
"To fight this recession the Fed needs more than a snapback; it needs soaring household spending to offset moribund business investment. And to do that, as Paul McCulley of Pimco put it, Alan Greenspan needs to create a housing bubble to replace the Nasdaq bubble."
It should have been pretty evident that this was sarcastic. Later in the piece, Krugman derides Greenspan for failing to have taken steps to head off the stock bubble, explaining that Greenspan badly needed a recovery:
"to avoid awkward questions about his own role in creating the stock market bubble."
The last paragraph expresses Krugman's pessimism about the recovery's prospects:
"But wishful thinking aside, I just don't understand the grounds for optimism. Who, exactly, is about to start spending a lot more? At this point it's a lot easier to tell a story about how the recovery will stall than about how it will speed up. And while I like movies with happy endings as much as the next guy, a movie isn't realistic unless the story line makes sense."
Note, there is no moaning about how difficult it is to get a housing bubble going. The point was that we needed some additional source of demand and Krugman did not see where it would come from. In this respect, it is worth noting that two weeks later, partly at my prodding, Krugman wrote a column explicitly warning about the dangers of a housing bubble.
He was not cheerfully advocating a housing bubble, but instead he was glumly saying that the only way he could see to get out of the recession would be for such a bubble to occur.
Nah man...You go get hammered AFTER spending Thanksgiving all day with your family.
At least that's what I used to do. Nothing worse than being hungover and having to deal with your entire family on thanksgiving.
But, I applaud your dedication. Reps
Not just me. Wednesday before Thanksgiving is the biggest bar night of the year. Evidence is anecdotal but it carries a lot of weight among bar tenders. Ask around, bet anything that Blackout Wednesday ranks up there with St. Patty's day and NYE in sales.
Also...fancy that, a meme on the internet doesn't tell the whole story.
When Someone Says Paul Krugman Called for Greenspan to Create a Housing Bubble Back in 2002, They are Trying to Say That They are Either a Fool or a Liar | Beat the Press | Blogs | Publications | The Center for Economic and Policy Research
Defending what Paul Krugman Wrote, Arnold Kling | EconLog | Library of Economics and Liberty
Thoughts on Krugman calling it a scam?
http://www.nytimes.com/2016/11/21/o...-left-region&WT.nav=opinion-c-col-left-region
I have a feeling the Norquist worshippers within the GOP Congress are going to want to break the back of the Davis-Bacon Act if they go along with one trillion in infrastructure spending.
He's one of the biggest frauds of all time. He absolutely advocates for this kinda stuff. It's in his economic DNA.