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AJ: "They did not go out and count beans, they used math..."

Byron In Exile said:
I bitched about Bush for six years, and through all that time the Republicans on this board never trashed me the way the Democrats do now that "their guy" is "in charge."

They were angry when Bush was President, but they seem even more angry now that Obama is President.

Maybe it's just disappointment.
Click to expand...
__________________
You gonna shoot us another one of your hollow-point bullet proof facts?
Or are you just hateful, angry rhetoric?
One of Dem inspirational and motivational speakers?

Throb thread:
http://forum.literotica.com/showthread.php?t=745068
 
No problem, Old Man. I thought I was havin' a problem with mah addin', but it's all right now.
 
Frisco_Slug_Esq said:
No, I am not. I am looking at authors and methodology, one which they try to make purely mathematical thus we see why it is so terribly flawed. I think you misunderstand what is going on with the stimulus and the reports. There are several schools of economics and some tend to be input/output based. Here are the numbers, if I put in the numbers, then I will get these outputs. This is the bias of this report you so much like and the reason why it fails, as did the stimulus, to report accurately what has transpired economically. They did not go out and count beans, they used math, modeling and estimations. Now these things tend to work quite nicely when an economy is humming along smoothly, but their Diffy-Q methods (much the same as it is in Glowball Warning) fall apart in times of crises because they ignore so many of the small complex factors that go into a feedback loop (chaotic system) of an economy, the translation here being that they treat a chaotic problem with linear methods and they ignore the greatest single strange attractor all together, Human Action (Ludwig Elder von Mises)...

This is why Bernake throws his hands up. His math and his calculations say, this should be working, but it cannot, for it cannot measure in any possible way, the psychology of the traders, who are now living in a world of fear, uncertainty, and complexity of process in the sphere of the business world, which is why I implored you to look into Praxeology, and spend some time reading von Mises (if you want him in a nutshell, try "The Last Knight of Liberalism" by Hülsmann, downloadable at Mises.org).

You have embraced one school of economics for momentary benefit in an argument you rather wish to win (one which you declared yourself done with, what? three times now), for whatever reason I cannot fathom, for the reality of the news and the world bear unquestionable testimony as to the incorrectness of many of its basic assumptions such as the nebulous multipliers of government spending, which an Austrian would say should be not 1.57, but more like 0.57 for as posited by so many and which I referenced in Bastiat's parable, government spending retards in unseen ways by taking money that would have been spent by willing bettors and spending it in ways that have no detriment to government what-so-ever, for it can always inflate and tax its way out of bad bets.

I embraced a school of economics some time past, and will continue to look through its lens and will cite those who also share the same lens, because like von Mises, I came to my conclusions starting on the Left, with the Socialists of the Chair (although I would not have known the term at the time and would have bristled at the idea of actually being a Socialist instead of just thinking I could manage Capitalism "smarter") and began learning the arguments of my opposition (you remember G. H. W. B.'s "vodoo' economics) in order to destroy the arguments of the radical brain-dead rich guys and discovered that in all actuality, it was my positions that I could not defend, e.g., that demand makes and economy, that taxes have no impact because the rich can afford them, that businesses pay taxes, and so on and so forth.

This is why I knew the stimulus, and again, patiently, to point out my consistency, I said the same thing about G. W. B.'s stimulus, was actually a putative thing to a struggling economy and every temporary gain that you expect, and that does actually transpire for money is a wonderful veneer, with an economy as with people, but it eats away at the heart in so many unseen negative ways, that in the long run, the economy is hardly benefited, but rather harmed by having dollars raided from the pool of investment capital that would have been better utilized by studiers and gamblers than by politicians whose primary focus is on politics.

As to your next set of remarks, as pointed out in the rebuttals, it was done by Keynesian, therefore a proponent of government interventions in the market, a Middle-Way type at best, a Statist at worst and they clearly did not perform the study to show what happened, but how the jobs were created, and that, after-all was their intended purpose, for what ever reason, to sell you a laminated lemon. That which the veneer created was obviously destroyed and we can see that through the number of excuses being offered by the proponents of Interventionalism.

__________________
You loot the private sector, strip every dollar of 40¢ for overhead, and then give the other 60¢ to your political base in order to revitalize the looted.

What's not to like about that plan?

The Wealth of a Nation works best trickle-down. A Republic and an Economy work best trickle-up. A Socialist believes just the opposite.
A_J, the Stupid

(An Economy is the set of all transactions. Government is mutual cooperation for successful transacting. Wealth is the outcome of successful transactions.)
Click to expand...

:rolleyes:
 
islandman said:
After accounting for the Bush tax cuts, $2.95.
Click to expand...

Wrong again. AJ has patiently explained to us, over and over, that 130% of $1.00 is either 77 cents OR $1.15, depending on whether a Republican or a Democrat is in the Oval Office.

This ain't countin'....this is MATH!
 
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