tag:blogger.com,1999:blog-6616959642391988608.post6960593331561413823..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: Recommended reading: Howard Marks on Economic RealityScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-6616959642391988608.post-8598163984423103762016-06-03T14:51:33.420-07:002016-06-03T14:51:33.420-07:00This comment has been removed by the author.Hanshttps://www.blogger.com/profile/05183141792723754273noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-77633373269305294822016-06-02T07:32:08.789-07:002016-06-02T07:32:08.789-07:00Lots to appreciate in the Howard Marks memo. Alway...Lots to appreciate in the Howard Marks memo. Always is.<br /><br />However, keep in mind that Milton Friedman said that too-tight money caused the Great Depression, a recession in 1956-7, and too-slow growth in the early 1990s.<br /><br />Today money is too tight, and it appears that the Fed is actually propping up interest rates with its mysterious reverse repo program. Can we normalize interestBenjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-3110547219952940992016-06-01T19:07:23.099-07:002016-06-01T19:07:23.099-07:00I only wish that Mr Marks was siting in the White ...I only wish that Mr Marks was siting in the White House.<br /><br />America, badly needs his wisdom. Emoticon and ideology has<br />replace common sense!Hanshttps://www.blogger.com/profile/05183141792723754273noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-50806283126341397612016-06-01T09:30:26.466-07:002016-06-01T09:30:26.466-07:00Scott
One problem; private enterprise rarely pays...Scott<br /><br />One problem; private enterprise rarely pays for bridges, water and other infrastructure goods. The truth is private enterprise needs the infrastructure. Its a key component, from roads, to railways to bridge -- even public transport that its workers use to get to their jobs in the morning.<br /><br />BTW, most infrastructure (especially the replacement kind) is engineering Frozen in the Northhttps://www.blogger.com/profile/04901959687094626879noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-21961380364018250452016-06-01T08:16:28.136-07:002016-06-01T08:16:28.136-07:00I'm skeptical when it comes to more infrastruc...I'm skeptical when it comes to more infrastructure investment, especially if implemented at the federal level. I don't believe a small group of "wise men" in Washington know what is needed in every nook and cranny of the country. t's best kept to the local level. Marks is a supply-sider to the extent he believes that people respond to changing incentives; as he notes, Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-77076961001173891072016-06-01T06:46:24.692-07:002016-06-01T06:46:24.692-07:00Very interesting commentary, and much "conser...Very interesting commentary, and much "conservative" in his view of the world than CBP. One thing for sure: the rise of the demagog (Sanders or Trump is something he is very concerned with, far more than CBP implies in his summary. Clearly government have limited impact, they cannot create economic growth, taxation is an arcane science that is really at the center of a philosophical Frozen in the Northhttps://www.blogger.com/profile/04901959687094626879noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-43434493286385080802016-06-01T05:34:11.583-07:002016-06-01T05:34:11.583-07:00Sounds right up your supply-side alley, Scott.
...Sounds right up your supply-side alley, Scott. <br /><br />"Fundamental improvements – intelligent changes in investment incentives, the tax system or infrastructure, for example – can increase the slope of the growth curve and provide substantial net long-term benefits for a society (although not necessarily for every individual member). "<br /><br />Are you ready to support Nudgehttps://www.blogger.com/profile/10290347510611249049noreply@blogger.com