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Guest Post: Investor Psychology … Fear Turns People Into Sheep - http://www.nakedcapitalism.com/2009...
Why not a WPA? - Paul Krugman Blog - NYTimes.com - http://krugman.blogs.nytimes.com/2009...
Sensible solutions like this would require a president with more political courage than Obama. - Piaw Na
As well, "cheaper than running things through the private sector" also means "no one gets to skim off a big slice". - Andrew C
It's more fun to spend money when it's not yours. I say we just raise taxes on the rich to 90% of income and capital gains, and then print twice as much money as we have now. Then hire everyone who's not working as government workers. - Cristo
"It's more fun to spend money when it's not yours." ... so wouldn't it be better by your lights to _save_ money by cutting out the middleman? - Andrew C
No, we should just spend all the rich people's money. My goal is to make as little money as possible. That way it's more fun because we get all this benefit, but I don't have to pay for it. - Cristo
Yup, that's me. Lucky Ducky. - Cristo
Would that we could all be so lucky. - Andrew C
You can. We should just elect Paul Krugman as president. - Cristo
So you don't really get Krugman, do you. - Andrew C
No, he's too smart for me. In fact, whenever I disagree with someone, it's because "I don't get them." - Cristo
But I mean, if you really think Krugman's proposal is (even implicitly) for massive taxes on the rich, I can only conclude you really don't get him. Or possibly, haven't actually read what he wrote. - Andrew C
I've read a lot of what he's written, and my comments weren't specific to just this proposal. - Cristo
By all means, point me to the ones that do say anything _remotely_ like "raise taxes to 90% of income and capital gains" or "print twice as much money as we do now". - Andrew C
Obviously I'm exaggerating, but I think you know that. - Cristo
Well, yes, but that's why I said "anything remotely like it". - Andrew C
Okay Andrew, you win. You know why? Because I'm bored of this conversation, and I don't feel like wasting time researching Krugman's previous articles to come up with proof for you that you will just dispute and we will both have wasted the whole day. :) - Cristo
I got time. You can find stuff over the next few weeks or months, or just keep an eye out for future Krugman columns posted to FF. Or, I guess, you could rest smug in the certainty of what you already know... - Andrew C
Have you ever been on welfare, Cristo? Have you ever depended on medicare or feed stamps? No? Kindly STFU, then. You just came in here to troll about "mah tax moniez!!1!" and I have zero patience for that infantile nonsense. Sorry to come on so strongly and harshly, but I know people in real life that bitch about how much in taxes they're paying and mutter comments about every hispanic... more... - Mr. Gunn
Sorry, I should really learn to keep my mouth shut and stay out of political stuff. Apologies for the rudeness. - Mr. Gunn
Mr. Gunn, no need to apologize, I think you've got Cristo summed up right. - Piaw Na
The less optimistic view of Treasury’s handling of the crisis - http://www.nakedcapitalism.com/2009...
The Obama Administration is captured. To understand why it has acted as it has, one doesn’t have to take the view that its efforts to save the banking industry were a deliberate attempt to line bankers’ pockets by transferring money from taxpayers to the banking industry. One need merely read the last post I wrote on this topic. In their wildly optimistic view, the banking industry is solvent and always has been. All that was needed to ‘solve’ than banking crisis was a lot of liquidity, government backstops and, most importantly, time. This blinkered view sees a looting of taxpayer money to bailout the banking industry as necessary to save banks whose credit is the ‘lifeblood of our economy.’ They are wrong. The banks did not need to bailed out. The banking industry industry needed to made solvent again. There is a big difference between those two sentences (banks versus banking industry and liquidity versus solvency) that goes to the core of the captured and politically damaging world view we have seen on display by the Obama Administration. - Piaw Na
How to Explain Moral Hazard - http://angrybear.blogspot.com/2009...
"Mr. Brown should not worry about that. AIG's creditors (e.g., The Great Vampire Squid) were paid in full, because Tim Geithner and Larry Summers want a veto-proof Republican majority by 2012, if not 2010.**" Heh. That's as good an explanation as any. - Piaw Na
Obama’s trap - Paul Krugman Blog - NYTimes.com - http://krugman.blogs.nytimes.com/2009...
Barack Hoover Obama: The best and the brightest blow it again—By Kevin Baker (Harper's Magazine) - http://www.harpers.org/archive...
We need a new FDR, but all we got was a new Herbert Hoover. - Piaw Na
The Consumption Of Melatonin, A Natural Hormone Segregated By The Own Human Body, Regulates Sleep Better Than Somniferous - http://www.medicalnewstoday.com/article...
I've used Melatonin to great effect on my overseas trips. - Piaw Na
Healthcare Reform - Salon.com - http://salon.com/news...
Op-Ed Columnist - Obama Faces His Anzio - NYTimes.com - http://www.nytimes.com/2009...
2010 Tour of the German-Speaking Alps Proposal - http://piaw.blogspot.com/2009...
Report: Pre-Retirees in Denial on Savings - http://www.calculatedriskblog.com/2009...
Goldman, Fed, Citi Getting Preferential Allotments of H1N1 Vaccine - http://www.nakedcapitalism.com/2009...
Clever fools: Why a high IQ doesn't mean you're smart - life - 02 November 2009 - New Scientist - http://www.newscientist.com/article...
The headline reminds me of a Zoidberg quote: "I think I'm a doctor but that doesn't make me a doctor. These fancy clothes do." - Andrew C
A smart business idea. I guess Fog Creek just entered the web service business. - Piaw Na
This is a talent market. Developers are not even remotely interchangeable. Therefore, recruiting should work like Hollywood, not like union hiring halls of the last century. In a union hiring hall, downtrodden workers line up like cogs, hoping to make it to the front of the line in time to get a few bucks for dinner. In Hollywood, studios who need talent browse through portfolios, find... more... - Piaw Na
I would like a tenure-track faculty position at a research university, but I find it very hard to imagine faculty searches (at the entry level) working like Hollywood either. - Ruchira S. Datta
No, and neither does engineering hires. That's because in reality, we hire engineers for projects, and most project cost estimates are ridiculously low, so we budget a correspondingly ridiculously low salary. In most cases, if we knew the true cost of all projects, most software projects would never have gotten started. - Piaw Na
The great thing about H'wood hiring is that it's for a year or two at most, and that's for directors. Actors are hired for a few months, really. - Andrew C
Holiday sales could launch e-book readers as mass-market must-haves - washingtonpost.com - http://www.washingtonpost.com/wp-dyn...
That's why engadget and other tech sites are so down on e-readers. The average e-reader purchaser is 47 years old! - Piaw Na
They should advertise on CBS! Actually, do they? Honestly, not being snarky, but I simply have no CBS shows I watch. - Andrew C
Amazon's a bunch of cheapskates. They only advertise on their home page. - Piaw Na
CBO Scores Boehner Amendment to HR3962 - http://angrybear.blogspot.com/2009...
Cyclists and motorists on collision course -- latimes.com - http://www.latimes.com/news...
EconomPic: Did We Learn Anything? Carry Trade Edition - http://econompicdata.blogspot.com/2009...
Choice as Happiness - http://dilbert.com/blog...
Scott Adams is a heck of a wise man. - Piaw Na
Independent Voters and Empty Explanations - http://www.fivethirtyeight.com/2009...
The lost generation - Paul Krugman Blog - NYTimes.com - http://krugman.blogs.nytimes.com/2009...
History's a lot easier if you get to pick and choose or just make stuff up. - Andrew C
Environmentalism vs Homeownership - http://gregmankiw.blogspot.com/2009...
Review: Engineering your retirement - http://piaw.blogspot.com/2009...
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