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IWETHEY Home / IWETHEY Board / Money, Financials, and Economics Forum / Not sure if you are advocating the article
Post #332,124
by boxley
9/1/10 8:20:25 AM
Reply
New Not sure if you are advocating the article
By this thinking, it follows that every time government involves itself in the economy, it merely takes money from one actor and transfers it to another. Since this supposedly zero-sum transfer entails overhead costs, it cannot result in more wealth being produced, it can only destroy what wealth currently exists.
why are you always wanting the guv to try to krugman our way out of financial difficulties?
Any opinions expressed by me are mine alone, posted from my home computer, on my own time as a free American and do not reflect the opinions of any person or company that I have had professional relations with in the past 55 years. meep
Post #332,129
by Another Scott
9/1/10 9:51:05 AM
Reply
New He's saying that argument is wrong.
Contrary to the "free trade uber alles" advocates, he's saying that government action in the economy (esp. during a time of lack of demand) not a zero-sum. I agree with that.

Cheers,
Scott.
     Felix: Fix the economy by increasing immigration. - (Another Scott) - (76) - Aug. 31, 2010, 07:52:05 AM EDT
         how else are you going to fix social security - (boxley) - Aug. 31, 2010, 08:07:28 AM EDT
         Think they may have causation a bit wrong - (beepster) - (74) - Aug. 31, 2010, 10:25:07 AM EDT
             The biggest problem now is the housing bubble. - (Another Scott) - (73) - Aug. 31, 2010, 11:08:22 AM EDT
                 increased demand for housing? - (boxley) - (7) - Aug. 31, 2010, 11:31:48 AM EDT
                     You know what I mean... - (Another Scott) - (6) - Aug. 31, 2010, 11:46:13 AM EDT
                         take the inventory of fannie and freddie - (boxley) - (5) - Aug. 31, 2010, 01:28:00 PM EDT
                             Depends on how it's done. - (Another Scott) - (4) - Aug. 31, 2010, 01:47:24 PM EDT
                                 Re: Depends on how it's done. - (SpiceWare) - (2) - Aug. 31, 2010, 02:22:20 PM EDT
                                     Interesting. Thanks. -NT - (Another Scott) - Aug. 31, 2010, 02:36:18 PM EDT
                                     "As we've gone through the lessons that we've learned ..." - (drook) - Aug. 31, 2010, 03:46:02 PM EDT
                                 thats why lottery, no money involved - (boxley) - Aug. 31, 2010, 03:02:52 PM EDT
                 I'm finding this very funny... - (beepster) - (64) - Aug. 31, 2010, 02:35:42 PM EDT
                     And just in case that is too rosy a forecast - (beepster) - (55) - Aug. 31, 2010, 02:43:08 PM EDT
                         Why would a business invest if there's no demand? - (Another Scott) - (4) - Sept. 1, 2010, 08:01:00 AM EDT
                             true statement - (boxley) - Sept. 1, 2010, 08:13:28 AM EDT
                             You're getting there - (beepster) - (2) - Sept. 1, 2010, 10:35:39 AM EDT
                                 Eh? - (Another Scott) - (1) - Sept. 1, 2010, 11:08:08 AM EDT
                                     Krugman is wrong :-) - (beepster) - Sept. 1, 2010, 11:11:33 AM EDT
                         Companies are not "industry" - (drook) - (49) - Sept. 1, 2010, 09:42:01 AM EDT
                             Seriously? - (beepster) - (48) - Sept. 1, 2010, 10:42:25 AM EDT
                                 Where you stand ... where you sit ... - (drook) - (47) - Sept. 1, 2010, 11:55:56 AM EDT
                                     Not at all the same. They're only tangent linked - (beepster) - (46) - Sept. 1, 2010, 01:23:25 PM EDT
                                         I did - (drook) - (45) - Sept. 1, 2010, 02:08:06 PM EDT
                                             Different causation - (beepster) - (44) - Sept. 2, 2010, 02:01:42 AM EDT
                                                 You seem to be making a Supply Side argument. - (Another Scott) - (43) - Sept. 2, 2010, 07:55:29 AM EDT
                                                     Who is the customer? - (beepster) - (42) - Sept. 2, 2010, 09:30:33 AM EDT
                                                         What does that mean? - (drook) - (41) - Sept. 2, 2010, 09:39:12 AM EDT
                                                             dunno if you noticed, it aint the poor getting the checks - (boxley) - Sept. 2, 2010, 09:44:38 AM EDT
                                                             sigh - (beepster) - (39) - Sept. 2, 2010, 01:41:09 PM EDT
                                                                 Why should I care about intra-industrial demand? - (drook) - (38) - Sept. 2, 2010, 04:04:00 PM EDT
                                                                     Oh, and by the way ... - (drook) - (8) - Sept. 3, 2010, 07:59:39 AM EDT
                                                                         Software? - (beepster) - (7) - Sept. 3, 2010, 12:57:48 PM EDT
                                                                             Of course, focus on the *least important* part of that quote -NT - (drook) - (6) - Sept. 3, 2010, 01:26:43 PM EDT
                                                                                 What, - (beepster) - (5) - Sept. 3, 2010, 02:44:08 PM EDT
                                                                                     "Recovery means jobs" - (drook) - (4) - Sept. 3, 2010, 04:59:02 PM EDT
                                                                                         Re: "Recovery means jobs" - (boxley) - (3) - Sept. 3, 2010, 05:14:43 PM EDT
                                                                                             That was Bill's line - (drook) - (2) - Sept. 3, 2010, 08:44:02 PM EDT
                                                                                                 bill is right - (boxley) - Sept. 3, 2010, 09:17:04 PM EDT
                                                                                                 With a line like that... - (beepster) - Sept. 3, 2010, 09:24:30 PM EDT
                                                                     You want jobs, correct? - (beepster) - (28) - Sept. 3, 2010, 12:55:34 PM EDT
                                                                         That's not a point, that's an article - (drook) - (27) - Sept. 3, 2010, 01:41:53 PM EDT
                                                                             Get this through your head. - (beepster) - (26) - Sept. 4, 2010, 02:43:16 AM EDT
                                                                                 Quit with the shorthand - (drook) - (25) - Sept. 4, 2010, 10:54:30 AM EDT
                                                                                     Re: Quit with the shorthand - (beepster) - (24) - Sept. 4, 2010, 05:24:49 PM EDT
                                                                                         So you completely disagree with the "two economies" premise? - (drook) - (6) - Sept. 4, 2010, 08:22:46 PM EDT
                                                                                             Absolutely - (beepster) - (5) - Sept. 5, 2010, 12:15:57 AM EDT
                                                                                                 You're half right - (drook) - (4) - Sept. 5, 2010, 08:45:07 AM EDT
                                                                                                     No, its not. - (beepster) - (3) - Sept. 5, 2010, 12:22:08 PM EDT
                                                                                                         You're kidding, right? - (drook) - (2) - Sept. 5, 2010, 12:30:17 PM EDT
                                                                                                             welfare food stamps unemployment compensation - (boxley) - (1) - Sept. 5, 2010, 06:26:44 PM EDT
                                                                                                                 Eh? - (Another Scott) - Sept. 8, 2010, 01:37:22 AM EDT
                                                                                         Big D. - (Another Scott) - (16) - Sept. 6, 2010, 08:39:56 AM EDT
                                                                                             To be honest - (beepster) - Sept. 6, 2010, 08:19:01 PM EDT
                                                                                             cheese - (boxley) - (14) - Sept. 6, 2010, 08:57:35 PM EDT
                                                                                                 Talk to Sorros about that. - (Another Scott) - (13) - Sept. 7, 2010, 01:58:39 AM EDT
                                                                                                     Central Banks >are< the market. -NT - (beepster) - (12) - Sept. 7, 2010, 08:42:49 AM EDT
                                                                                                         <Boggle> I guess that's how George never made his $1B... - (Another Scott) - (11) - Sept. 7, 2010, 10:32:10 AM EDT
                                                                                                             piggybacking a market isnt brilliant - (boxley) - Sept. 7, 2010, 11:00:46 AM EDT
                                                                                                             He made it playing the market.. - (beepster) - (9) - Sept. 7, 2010, 03:24:22 PM EDT
                                                                                                                 And...? - (Another Scott) - (8) - Sept. 7, 2010, 03:34:29 PM EDT
                                                                                                                     Would he have made that money without central banks? - (beepster) - (7) - Sept. 7, 2010, 04:17:16 PM EDT
                                                                                                                         You're not getting it. - (Another Scott) - (6) - Sept. 8, 2010, 03:47:00 AM EDT
                                                                                                                             how very conservative of you :-) - (boxley) - (3) - Sept. 8, 2010, 08:38:26 AM EDT
                                                                                                                                 This has nothing to do with the "Fair Tax". - (Another Scott) - (2) - Sept. 8, 2010, 10:02:29 AM EDT
                                                                                                                                     from October 12, 2009 - (boxley) - (1) - Sept. 8, 2010, 10:38:49 AM EDT
                                                                                                                                         Interesting. Thanks. (The rest of it is bogus, of course.;-) -NT - (Another Scott) - Sept. 8, 2010, 10:53:09 AM EDT
                                                                                                                             Oh, I am - (beepster) - (1) - Sept. 8, 2010, 09:33:24 AM EDT
                                                                                                                                 Hmmm. - (Another Scott) - Sept. 8, 2010, 10:59:53 AM EDT
                     It's the same most places in First World countries. - (static) - (7) - Aug. 31, 2010, 07:42:50 PM EDT
                         This "free trade" mantra is a relatively new development. - (Another Scott) - (6) - Aug. 31, 2010, 10:22:06 PM EDT
                             The kos artlcle - (beepster) - (3) - Aug. 31, 2010, 11:33:48 PM EDT
                                 I guess you missed the rending of garments about the tires.. - (Another Scott) - (2) - Sept. 1, 2010, 07:24:29 AM EDT
                                     tires - (boxley) - Sept. 1, 2010, 08:18:14 AM EDT
                                     No, I didn't - (beepster) - Sept. 1, 2010, 10:05:45 AM EDT
                             Not sure if you are advocating the article - (boxley) - (1) - Sept. 1, 2010, 08:20:25 AM EDT
                                 He's saying that argument is wrong. - (Another Scott) - Sept. 1, 2010, 09:51:05 AM EDT

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