tag:blogger.com,1999:blog-6616959642391988608.post6055694996414567016..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: John Taylor nails itScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-6616959642391988608.post-5558527127427064092011-07-22T05:56:50.107-07:002011-07-22T05:56:50.107-07:00Benjamin:
"private contractors and their fam...Benjamin:<br /><br />"private contractors and their families are dependent on continued federal outlays."<br /><br />When a corporation sells materials or services to the federal government, is growth in the private sector of the economy, or growth in government spending at the expense of the private sector?<br /><br />If General Dynamics scores a big defense contract and their stock Johnhttps://www.blogger.com/profile/06365403570563730880noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-49766770818118572992011-07-21T17:01:38.136-07:002011-07-21T17:01:38.136-07:00Nixon didn't sever the link between gold &...Nixon didn't sever the link between gold & the dollar, without a question, the DOD did. <br /><br />The U.S. should have learned that lesson long before it became a debtor nation & incurred a $8.4 trillion dollar current account deficit.<br /><br />Also, overseas bases simultaneously increase both the federal deficit & the foreign trade deficit.Salmo Truttahttps://www.blogger.com/profile/13910212017849902362noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-90936289849184929242011-07-21T14:06:30.219-07:002011-07-21T14:06:30.219-07:00John-
We are spending more now on defense than wh...John-<br /><br />We are spending more now on defense than when the USSR had three million men in uniform, a blue-water navy, an air force with supersonic fighters and bombers, ICBMs, a KGB, and was producing thousands of tanks, planes and warships every year. <br /><br />Now, our "enemy" is a few dozen, possibly a few hundred punk terrorist.<br /><br />No private sector company would Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-63378882866608874802011-07-21T14:03:24.880-07:002011-07-21T14:03:24.880-07:00Dr. Bill:
You wrote "government workers, unio...Dr. Bill:<br />You wrote "government workers, unionized manufacturing, and the defense establishment -- public employees are a protected class"<br /><br />The BLS reports 39,000 government jobs were lost in June, continuing a downward trend since the middle of 2008. Are they wrong? If so could you support your claim with some evidence?<br /><br />I wonder if any of those 39,000 considerJohnhttps://www.blogger.com/profile/06365403570563730880noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-88133355338495636892011-07-21T11:03:46.667-07:002011-07-21T11:03:46.667-07:00John Taylor was only just interviewed by Russell R...John Taylor was only just interviewed by Russell Roberts on EconTalk. Mr. Taylor discussed the fiscal and monetary policy during this crisis. The show runs about an hour. http://www.econtalk.org/archives/2011/07/taylor_on_fisca.htmlKristjan Velbrihttps://www.blogger.com/profile/14877152142232356908noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-18941855459954781122011-07-21T10:37:26.690-07:002011-07-21T10:37:26.690-07:00Is spending on "defense" procurement int...Is spending on "defense" procurement interventionist or non-interventionist? I'd say it's highly interventionist. <br /><br />Current levels, dwarf what was spent in WW2.<br /><br />http://www.project.org/images/graphs/Spending_by_Catagory.jpgJohnhttps://www.blogger.com/profile/06365403570563730880noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-3959363654975313282011-07-21T10:36:21.967-07:002011-07-21T10:36:21.967-07:00The economic recovery was "derailed" by ...The economic recovery was "derailed" by the myopic response of the Federal Reserve and Congress -- when the crisis began, the US embarked on efforts to save Federalism as the first priority, which meant bailing out or protecting "too big to fail" banks, automobile manufacturing, the defense industry, and government salaries -- unfortunately, those efforts ignored the problems McKibbinUSAhttps://www.blogger.com/profile/10545798495680527622noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-55633139767346345542011-07-21T09:00:29.542-07:002011-07-21T09:00:29.542-07:00John Taylor is an internationally recognized econo...John Taylor is an internationally recognized economist, and even more importantly, a nice guy. You can write an e-mail to Mr. Taylor and he will reply in friendly fashion.<br /><br />That said, he is deeply partisan. <br /><br />I cannot fathom, on intellectual grounds, his opposition to QE. In 2006, he authored a study absolutely gushing about the effectiveness of QE in Japan (a QE he Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-42212811438744267362011-07-21T04:28:44.737-07:002011-07-21T04:28:44.737-07:00Taylor is wrong once again. The problem is exactl...Taylor is wrong once again. The problem is exactly the opposite - too little regulation - too little intervention.Salmo Truttahttps://www.blogger.com/profile/13910212017849902362noreply@blogger.com