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#151
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Donald Munro wrote: Robert Chung wrote: I think that you've set up a false dichotomy in thinking that there are extreme leftists here. I don't know where anarchists and violent socialists hang out but, frankly, I'm guessing that they don't get up in the morning and say, "hey, let's go check out rbr before we continue our plan to blow up western civilization." Steven Bornfeld wrote: LOL--let me finish my coffee first. I always knew those dopers who drink so much expresso in the morning must be terrorists. There was a theme running through the movie "Kicking and Screaming" about coffee fueling the dreams of civilization (or something like that". Steve -- Cut the nonsense to reply |
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#152
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keynes' old slave wrote:
Hey, drawing quick inferences is what the usenet and political disputes are all about. You won't be "far out" or "far off" in doing so. That just makes you normal, and like I said, I go out of my way to be different. FWIW, I didn't take anything h^3 (heather "hot" halvorson) said as "abuse." stop that... and i didn't mean any of it as abuse, or even as a "characterization", so you read me right heather keeping this ot political post short for bob |
#153
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In article ,
keynes' old slave wrote: Mark & Steven Bornfeld wrote: [...] I'm not sure if being Keynes' old slave means you like/agree with him or not, and I'm no expert on Keynes. LOL. No one is an expert on Keynes. His horribly written "General Theory" book made sure of that. My red flag goes up when someone deliberately speaks in the most obfuscatory language. What do they have to hide? However, I do like the quote attributed to him in answer to the position that "in the long run, the market goes up". I don't know if you're kidding, but the facile comment he made was: "In the long run we are all dead." and the far more ironic "The ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is commonly understood. Indeed the world is ruled by little else. Practical men, who believe themselves to be quite exempt from any intellectual influence, are usually the slaves of some defunct economist." So the whimsical handle is simply that I didn't die in the long run and that I am a slave of a defunct economist: Keynes himself. It is somewhat amusing that the left-wing, typically fans of intervention of the government into the economy, deride those big-honking-deficit-running keynesian pigs Ronny Reagan and GWB, but yet defend keynesianism. Go figure. The politics are incoherent. It doesn't matter. Though keynes was intellectually defeated, he wasn't defeated in the political realm, where the next election makes sure politicians respond to short-run and not long-run incentives. But the deficit bird and fairly responsible FED has come to roost, and keynsianism might just kill itself off, even though the politicians can't bring themselves to do it. Economists appear to be right, whereas they only dress up what is. They have finely honed analytic & synthetic skills, write well, are perceptive, and describe what _is_ as if what they write is an ab initio theory that encompasses and predicts the dynamics of money; it is not this, it is a system of epicycles. That old saw "Economics was invented to make astrology look respectable" is not a joke, it is the awful truth. Do not presidents run to the court economist for the right paradigm to present, then do what they are going to do anyway? Here is my theory of economics. The players uses every bit of information available to them to pump money out of the market. Eventually every bit of information is consumed (turned into money in the pocket). The residue is what is left when a computer program compresses a data stream; the residue is completely unpredictable. -- Michael Press |
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