I've always liked that song, but the part with the tooting horns was a mistake. It takes it from from a cool boogie to some kind of disco pop. He should have reworked that years ago.
The mouth moves. Words come out. This notion that up is that way * points up * is completely arbitrary, in space there is no up and we're on a planet that's in space. This notion that raising the debt ceiling promotes profligacy fits alongside the little ideas that spark occasionally about collateral and interest rates and that little superstition about credit rating having any sort of meaningful longterm impact.
To a longterm FRB employee nearing retirement I mentioned paragraph stating the macro view that deficits do not matter. The text used the example of a family borrowing money from itself. The individual family members are better or worse off but the family's fortunes remain unchanged, even intergenerational borrowing and paying.
The guy flipped out. Got mad at me for misunderstanding things so poorly, demanded I stop reading such tripe. Demanded to see the paragraph. I took him up to my office and showed him. He Xeroxed it. But then he was the same guy who flipped out when I used the phrase "recreational drugs."
That was before so much of our debt was picked up by China. Shouldn't make a difference, but it does, one big family and all.
This week I read Krugman denigrate Republicans for being simplistic for using metaphors because macro economics does not fit a household template, and all analogies are false.
The President knows better. Somehow I feel unassured.
There has been a party all day long at Civic Park. The music is not stopping. Loud too. On the Civic Park calendar it says a food truck thing from 11:00-2:00 and nothing about a music festival.
"...Krugman denigrate Republicans for being simplistic for using metaphors because macro economics does not fit a household template, and all analogies are false. "
"What we’d really like to see isn’t just successful job creation; we’d like to see “pump-priming” or “jump-starting" ~ P. Krugman
I think we empted the well trying to prime that pump, or burned up the starter jumping it, but either way it never did start.
If you have a credit card, lets say you keep up the minimum payments year after year, and lets further stipulate that even thought you always have it max out the banks keep magically raising your credit...
How long would you say this guy will be able to keep that up before something gives?
I don't understand macro economics... but maybe by understanding how it works at the individual level that may help me with the bigger picture.
21 comments:
I've always liked that song, but the part with the tooting horns was a mistake. It takes it from from a cool boogie to some kind of disco pop. He should have reworked that years ago.
And the Red Sox clinch a playoff spot, beating the Orioles 3 to 1.
The Boston starter pitched a 2 hit complete game.
I am cautiously optimistic.
The mouth moves. Words come out. This notion that up is that way * points up * is completely arbitrary, in space there is no up and we're on a planet that's in space. This notion that raising the debt ceiling promotes profligacy fits alongside the little ideas that spark occasionally about collateral and interest rates and that little superstition about credit rating having any sort of meaningful longterm impact.
To a longterm FRB employee nearing retirement I mentioned paragraph stating the macro view that deficits do not matter. The text used the example of a family borrowing money from itself. The individual family members are better or worse off but the family's fortunes remain unchanged, even intergenerational borrowing and paying.
The guy flipped out. Got mad at me for misunderstanding things so poorly, demanded I stop reading such tripe. Demanded to see the paragraph. I took him up to my office and showed him. He Xeroxed it. But then he was the same guy who flipped out when I used the phrase "recreational drugs."
That was before so much of our debt was picked up by China. Shouldn't make a difference, but it does, one big family and all.
This week I read Krugman denigrate Republicans for being simplistic for using metaphors because macro economics does not fit a household template, and all analogies are false.
The President knows better. Somehow I feel unassured.
There has been a party all day long at Civic Park. The music is not stopping. Loud too. On the Civic Park calendar it says a food truck thing from 11:00-2:00 and nothing about a music festival.
"...Krugman denigrate Republicans for being simplistic for using metaphors because macro economics does not fit a household template, and all analogies are false. "
"What we’d really like to see isn’t just successful job creation; we’d like to see “pump-priming” or “jump-starting" ~ P. Krugman
I think we empted the well trying to prime that pump, or burned up the starter jumping it, but either way it never did start.
it says a food truck thing..
Lets take a closer look at that kitchen.
Krugman is the biggest ass-sniffing lackey in the planet.
He's worthless. Whatever he says - the opposite is true.
Google get's in his kitchen
We only swept you the last time Trooper.
We just had too many injuries Lem.
But we are still technically alive.
Maybe we can beat you in the playoffs. That would be sweet.
Excuses excuses.
You guys let the best reliever of all time finish out the season in a virtual cellar.
Shame!
Ok, maybe that was low blow.
Not!
I should have said finished out his career in a virtual cellar.
What a class act Mariano.
Baseball is going to miss him.
About this debt ceiling bussness...
If you have a credit card, lets say you keep up the minimum payments year after year, and lets further stipulate that even thought you always have it max out the banks keep magically raising your credit...
How long would you say this guy will be able to keep that up before something gives?
I don't understand macro economics... but maybe by understanding how it works at the individual level that may help me with the bigger picture.
The last I checked, the Yankees had the same record as the Royals.
Oh yeah!
Freddie Patek is a midget and George Brett is a salami smoker.
Dems leave Benghazi hearing before the surviving families testimonies.
The closer they are to absolute power the more insignificant these kinds of acts become.
It's not rocket science.
Contractor that vetted Snowden did Navy Yard shooter background check.
Let me guess... Alexis, Manny and Snowden were golfing buddies.
Expect the unexpected.
Post a Comment