tag:blogger.com,1999:blog-6616959642391988608.post3044508074060508674..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: A powerful argument against the stimulus billScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-6616959642391988608.post-81505764342666177622009-02-04T21:03:00.000-08:002009-02-04T21:03:00.000-08:00Well, of course, that is the flip side of the argu...Well, of course, that is the flip side of the argument, that government intervention only makes things worse. However I don't think your Argentine experience is relevant in our own case.Mark A. Sadowskihttps://www.blogger.com/profile/13147923641894915172noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-28278708393803927642009-02-04T20:26:00.000-08:002009-02-04T20:26:00.000-08:00Mark: I do believe in long-term disequilibrium. In...Mark: I do believe in long-term disequilibrium. In fact, I lived for four years in one, in Argentina. In my anecdotal experience, the problem was one of excessive government intervention in the economy, excessive inflation, and endemic corruption.<BR/><BR/>I most certainly do not believe that the solution to such a problem is a massive increase in government spending that will most likely be Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-17108173101785468532009-02-04T17:53:00.000-08:002009-02-04T17:53:00.000-08:00Scott,I can't comment on your grandmother, nor can...Scott,<BR/>I can't comment on your grandmother, nor can I comment on either of mine, because both died before I was born. However, I used to talk about academic topics to my mother frequently before she died, and although she only had a high school education, she was fairly bright and usually got the gist of what I was saying.<BR/><BR/>If you are are in favor of the stimulus you probably believe Mark A. Sadowskihttps://www.blogger.com/profile/13147923641894915172noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-67379574571522448312009-02-04T15:50:00.000-08:002009-02-04T15:50:00.000-08:00Mark: show me a grandmother who can follow your su...Mark: show me a grandmother who can follow your survey of different economic philsophies and I'll show you a PhD in economics. I'm not convinced, and I think you are getting lost in the forest for the trees. To me Roberts boils it down quite concisely. Do you think that Congress can spend $800 billion or so in a timely fashion without wasting most of the money? I just don't see it. They can't Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-91253958961083938892009-02-04T10:50:00.000-08:002009-02-04T10:50:00.000-08:00The biggest division in the stimulus debate seems ...The biggest division in the stimulus debate seems to be between the so called "freshwater" (Great Lakes = Chicago/Minneapolis etc.) and "saltwater" (Ocean = Harvard/Berkeley etc.) economists. Freshwater economists are opposed, and saltwater economists generally are in favor, of a fiscal stimulus. One thing I have observed is that while saltwater economists are quite familiar with the research of Mark A. Sadowskihttps://www.blogger.com/profile/13147923641894915172noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-62371874666842818052009-02-03T20:26:00.000-08:002009-02-03T20:26:00.000-08:00This comment has been removed by the author.CDLIChttps://www.blogger.com/profile/01216074401236580903noreply@blogger.com