tag:blogger.com,1999:blog-7464708.post1059987288511657156..comments2024-03-22T06:05:36.544-04:00Comments on Kids Prefer Cheese: A Rant, and A Movie Review, Sort OfMungowitzhttp://www.blogger.com/profile/02340064320347875601noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-7464708.post-53650771145451860502009-11-24T16:20:19.515-05:002009-11-24T16:20:19.515-05:00"Geither is not an economist; no phd, no acad..."Geither is not an economist; no phd, no academic appointment, etc"<br /><br />--If that's what we're to judge economist's by, I suppose David Ricardo wasn't one either.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7464708.post-61989459872847857902009-11-24T14:33:58.781-05:002009-11-24T14:33:58.781-05:00L. Summers, T. Geithner, B. Frank, and C. Dodd. Tw...<i>L. Summers, T. Geithner, B. Frank, and C. Dodd. Two economists ...</i><br /><br />Geither is not an economist; no phd, no academic appointment, etc.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7464708.post-21236791970240160532009-11-22T19:12:24.479-05:002009-11-22T19:12:24.479-05:00" I can cite you a whole fistful of Nobel Pri..." I can cite you a whole fistful of Nobel Prize-winning economists who have proved, absolutely proved, that announcing you are going to use inflation as a policy NEVER reduces unemployment." <br /><br />-Winning the Nobel Prize hardly equates to credibility considering many of the proponents of the Phillips Curve as well all the other deficit tools and terminology--GNP gap, fiscal drag and fiscal dividend, "Full-employment" surplus, militant monetary expansion, overtaxation, aggregate demand, etc--were Nobel Prize winners themselves: for example, Paul Samuelson, James Tobin, and Robert Solow <br /> <br />-Whatever Moore may have gotten right, he undid by placing the brunt of the blame on capitalism. What is the apparatus that makes such corporate greed at the expense of the consumer possible? Government. <br /><br />-Moore seems to fall for the redundant private-sector blame which gained technical backing from such fallacious tools as the Phillips Curve--Blame was placed on the private sector for inflation. Thus it was not the monetary expansion which caused inflation but those greedy businesses that responded by raising their prices. Kennedy used this ideology to crush the steel industry and fit it into his fascist planning. <br /><br />-to be fair, i haven't seen the movie, only read about it and heard Moore's rhetoric. Based on what I interpret his solution to be, I'm not sure he even knows what economics is.<br /><br />-SeanAnonymousnoreply@blogger.com