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Post by timfarney on Jul 14, 2018 12:18:56 GMT -5
We didn't stimulate it. We cut taxes. Didn't cost us a dime. Yet. But you’re almost right. We stimulated the stock market being told, once again, that it would filter down through the economy. It didn’t and it’s not going to. We should be paying off debt instead. Or targeting wage growth, which still has a long way to go. |
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Post by fauxmaha on Jul 14, 2018 12:19:11 GMT -5
It’s a shame they didn’t have separate classes for micro and macro economics where you went to school. Why do you have to be that way? |
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Post by timfarney on Jul 14, 2018 12:23:35 GMT -5
Aggregation is not an abstraction.
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Post by fauxmaha on Jul 14, 2018 12:32:25 GMT -5
Aggregation is not an abstraction. Hence my use of the phrase "abstraction and aggregation". Sort of like saying "I had a sandwich and chips for lunch" does not mean that a sandwich and chips are the same thing. |
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Post by millring on Jul 14, 2018 12:39:58 GMT -5
We stimulated the stock market being told, once again, that it would filter down through the economy. It didn’t and it’s not going to. That's what "we" warned. |
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Post by xyrn on Jul 14, 2018 13:10:33 GMT -5
Epaul should meet my friend Eleanor who wrote an opera about the invention of double-entry bookkeeping. ... How did she find time to write an opera, what with all the picking up rice where weddings have been? |
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Post by Fingerplucked on Jul 14, 2018 13:27:27 GMT -5
It’s a shame they didn’t have separate classes for micro and macro economics where you went to school. Why do you have to be that way? You’d have to be more specific. |
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Post by Fingerplucked on Jul 14, 2018 13:29:34 GMT -5
Aggregation is not an abstraction. Hence my use of the phrase "abstraction and aggregation". Sort of like saying "I had a sandwich and chips for lunch" does not mean that a sandwich and chips are the same thing. Yeah, but according to your earlier post, just saying “I had lunch,” is really, really dumb. |
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Post by fauxmaha on Jul 14, 2018 15:16:50 GMT -5
Why do you have to be that way? You’d have to be more specific. A) You made it personal. B) You implied ignorance on my part. C) You offered no substantive argument. |
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Post by timfarney on Jul 14, 2018 15:17:42 GMT -5
Aggregation is not an abstraction. Hence my use of the phrase "abstraction and aggregation". Sort of like saying "I had a sandwich and chips for lunch" does not mean that a sandwich and chips are the same thing. Ah. Sorry. |
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Post by Fingerplucked on Jul 14, 2018 16:27:23 GMT -5
You’d have to be more specific. A) You made it personal. B) You implied ignorance on my part. C) You offered no substantive argument. Okay, I can see where you’re coming from and I apologize, although my post wasn’t meant the way you took it. Part B is the one that’s 160 degrees off, although that was my fault. I guess I did imply ignorance, but only because I believe the exact opposite is so obvious. And that’s why I felt the need to respond to your post. We all know that you’re a big fan of Hayek & Friedman. And unless you’re getting all your facts from FOX news, and I know you’re not, you can’t be a true Hayek/Friedman fan without being somewhat versed in Keynes. The two sides may have been at odds with each other, but they’re addressing two sides of the same coin. They’re all talking about macro economics. I’m sorry I implied ignorance. I should have just stated my point more clearly: I think you started with your conclusion, then worked backwards, building your argument. But I think your basic premise was wrong. And your lunch example provided a good illustration of the point I so clumsily made the first go around. |
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Post by Marshall on Jul 15, 2018 8:32:08 GMT -5
Epaul should meet my friend Eleanor who wrote an opera about the invention of double-entry bookkeeping. ... How did she find time to write an opera, what with all the picking up rice where weddings have been? It fits in her dream. |
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