tag:blogger.com,1999:blog-5592542.post4573261992883013828..comments2024-03-18T17:28:44.693-07:00Comments on Rondam Ramblings: Yes, you can make money without exploiting the poor, but...Ronhttp://www.blogger.com/profile/11752242624438232184noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-5592542.post-7107043574066020872012-01-27T15:59:31.376-08:002012-01-27T15:59:31.376-08:00> I suspect that hardly anyone here cares about...> I suspect that hardly anyone here cares about studying macroeconomics<br /><br />I do.<br /><br />> Wilson offers a clearer summary of Sumner's ideas, than Sumner himself typically does.<br /><br />Yes, I've read Wilson. This is not what we are disagreeing about. What we are disagreeing about is much more fundamental. It has more to do with this:<br /><br />http://Ronhttps://www.blogger.com/profile/11752242624438232184noreply@blogger.comtag:blogger.com,1999:blog-5592542.post-22344212337420140682012-01-27T10:46:55.769-08:002012-01-27T10:46:55.769-08:00I suspect that hardly anyone here cares about stud...I suspect that hardly anyone here cares about studying macroeconomics. But if there are a few who might, I can offer a couple more links.<br /><br /><a href="http://pileusblog.wordpress.com/2012/01/27/the-new-macro-part-1/" rel="nofollow">Wilson</a> offers a clearer summary of Sumner's ideas, than Sumner himself typically does.<br /><br />Nunes offers <a href="http://Don Geddishttps://www.blogger.com/profile/04214642122689048677noreply@blogger.comtag:blogger.com,1999:blog-5592542.post-51797488296599945592012-01-27T10:17:38.030-08:002012-01-27T10:17:38.030-08:00Re: exploitation. Great! I look forward to your ...Re: exploitation. Great! I look forward to your future post.<br /><br />Re: economics. You are correct that I made no attempt to defend my assertion. It's a complex question, one hard to resolve in a blog comment.<br /><br />I just want to point out that all you have (again!) is correlation, and you're inferring causation. There were some economic conditions in 2005, and others in Don Geddishttps://www.blogger.com/profile/04214642122689048677noreply@blogger.comtag:blogger.com,1999:blog-5592542.post-64442040673727568842012-01-27T09:32:33.590-08:002012-01-27T09:32:33.590-08:00> The Great Recession of 2007+, was not a conse...> The Great Recession of 2007+, was not a consequence of the economic conditions in 2005.<br /><br />You can't possibly be serious. Two comments ago you were giving me a hard time for not distinguishing between anecdotes, data, and theories. You don't even have an anecdote, just a bald-faced assertion that is so plainly at odds with the facts that it is not even worth debunking.<br /Ronhttps://www.blogger.com/profile/11752242624438232184noreply@blogger.comtag:blogger.com,1999:blog-5592542.post-36018159854738976342012-01-27T09:11:28.005-08:002012-01-27T09:11:28.005-08:00Ron said: "The economic consensus in 2005 was...Ron said: <i>"The economic consensus in 2005 was that everything was hunky dory."</i><br /><br />You state this as though it was "obviously" wrong, but the truth is far from clear. I, for one, have become convinced over the last few years that the 2005 economic consensus was actually correct. Yes, of course real history didn't unfold that way. But that does not mean Don Geddishttps://www.blogger.com/profile/04214642122689048677noreply@blogger.comtag:blogger.com,1999:blog-5592542.post-12318137148015638432012-01-26T23:48:34.304-08:002012-01-26T23:48:34.304-08:00> maybe economists are wrong
It would not be t...> maybe economists are wrong<br /><br />It would not be the first time. The economic consensus in 2005 was that everything was hunky dory. (And, BTW, there is evidence that the *reason* that the economic consensus was so wrong was -- and is -- that the economic profession has been thoroughly corrupted by Wall Street. c.f. the movie "Inside Job".)<br /><br />But I do not claim to haveRonhttps://www.blogger.com/profile/11752242624438232184noreply@blogger.comtag:blogger.com,1999:blog-5592542.post-27162466907419893932012-01-26T16:22:34.841-08:002012-01-26T16:22:34.841-08:00As you say, "correlation does not imply causa...As you say, <i>"correlation does not imply causality"</i>. It's telling that the people who study this professionally (aka economists) don't at all agree with you that you have properly identified a causal connection.<br /><br />Either way. Even your <i>"convincingly falsify"</i> direction does not at all match mainstream economic consensus.<br /><br />Yes, maybe Don Geddishttps://www.blogger.com/profile/04214642122689048677noreply@blogger.comtag:blogger.com,1999:blog-5592542.post-23959045624923412122012-01-25T14:38:51.542-08:002012-01-25T14:38:51.542-08:00Ah, of course, morning for you :-)
http://www.bbc...Ah, of course, morning for you :-)<br /><br />http://www.bbc.co.uk/iplayer/console/p00mzjxy , from 16:40 on.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5592542.post-16577761158778709632012-01-25T14:30:19.306-08:002012-01-25T14:30:19.306-08:00The show started at 10AM PST. I was brought in ab...The show started at 10AM PST. I was brought in about 15 minutes later and kicked off about a minute after that. I don't know if it was live or not.Ronhttps://www.blogger.com/profile/11752242624438232184noreply@blogger.comtag:blogger.com,1999:blog-5592542.post-44250715810277600562012-01-25T14:26:46.408-08:002012-01-25T14:26:46.408-08:00Do you know at which time this was? There are arch...Do you know at which time this was? There are archives at http://www.bbc.co.uk/worldservice/programmes/schedules - but you are not in the segment which is listed as the segment on the state of the union.Anonymousnoreply@blogger.com