Selatius
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Fri Jan-02-09 05:13 AM
Response to Reply #62 |
| 74. The economy crashed post-Stock Market Crash because the Fed tightened money supply. |
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The Federal Reserve was still a pretty new and untested institution with a weak catalog of solutions to problems. Their reaction in the 1930s was incorrect looking back. They should have increased the money supply by making credit easier to obtain, but they did the exact opposite. They attempted to shrink the money supply, which caused a cycle of deflation that began feeding on itself. It didn't crash necessarily because Hoover raised top marginal rates. It crashed because the Fed bled the economy of money when it needed it.
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| -Thom Hartmann -vs- Paul Krugman |
pilsner |
Dec-31-08 12:19 AM |
#0 |
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Those two usually agree but on three issues Thom differs from Paul: |
halo experiment |
Dec-31-08 12:25 AM |
#1 |
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You definately know Hartmann well |
pilsner |
Dec-31-08 12:34 AM |
#2 |
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Yeah he played it smart when it came to the primaries |
halo experiment |
Dec-31-08 12:37 AM |
#4 |
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Krugman said he liked Clinton's healthcare plan better than Obama's. You're making up the rest. |
chimpymustgo |
Dec-31-08 01:08 AM |
#14 |
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I think Krugman was not so much an HRC supporter as an Obama basher. |
thecatburgler |
Dec-31-08 05:24 PM |
#41 |
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Krugman and Hartmann view the economy from different perspectives, if that is what |
tsuki |
Dec-31-08 02:13 PM |
#35 |
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I've only seen Thom lose an argument ONCE. |
IanDB1 |
Dec-31-08 12:37 AM |
#3 |
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How funny are some of those Ayn Rand deciples? |
halo experiment |
Dec-31-08 12:38 AM |
#5 |
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I miss Dewey. |
IanDB1 |
Dec-31-08 12:41 AM |
#7 |
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Me too :/ |
halo experiment |
Dec-31-08 01:03 AM |
#13 |
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You may not be the only one, but you can't prove it by me. Bernie RRRAWWWXXX!!!! |
Jim Sagle |
Dec-31-08 01:26 AM |
#17 |
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I think hes a good guy but |
halo experiment |
Dec-31-08 01:29 AM |
#19 |
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Nope, I skip over Bernie's hour these days |
pilsner |
Dec-31-08 09:11 PM |
#44 |
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Dewey was GREAT! I also miss Hy from Staten Island, another of Sam's regular wingnut callers. |
smokey nj |
Dec-31-08 04:47 PM |
#38 |
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same with Carrie Lucas |
pilsner |
Dec-31-08 12:39 AM |
#6 |
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The lady from Independent Woman's Forum probably carves her flesh after calling Thom. n/t |
IanDB1 |
Dec-31-08 12:44 AM |
#8 |
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The point of my post is this- |
pilsner |
Dec-31-08 12:44 AM |
#9 |
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After reading Krugmans last book, he makes it pretty clear |
halo experiment |
Dec-31-08 12:55 AM |
#10 |
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Aren't rates now rock bottom? |
pilsner |
Dec-31-08 12:59 AM |
#11 |
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Yes, but that doesn't appear likely in the near future |
halo experiment |
Dec-31-08 01:02 AM |
#12 |
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Flat tax on FICA earnings |
pilsner |
Dec-31-08 01:11 AM |
#15 |
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There already is a flat tax on social security |
halo experiment |
Dec-31-08 01:19 AM |
#16 |
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Sure, there's one rate, |
pilsner |
Dec-31-08 01:28 AM |
#18 |
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Problem with flat taxes of any kind |
halo experiment |
Dec-31-08 01:31 AM |
#20 |
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How can flat be regressive? |
MajorChode |
Dec-31-08 06:52 AM |
#23 |
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They are regressive because of the tax burden |
halo experiment |
Dec-31-08 11:54 AM |
#28 |
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It depends on how you define "flat" |
MajorChode |
Dec-31-08 01:07 PM |
#31 |
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Great post and you nailed it...I rarely miss "the smartest man in the room" |
OwnedByFerrets |
Jan-01-09 12:32 AM |
#49 |
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What do you think of Ravi Batra? |
Postman |
Dec-31-08 05:34 AM |
#21 |
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Not Only Do I Agree With That. . . |
ProfessorGAC |
Dec-31-08 08:19 AM |
#27 |
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There's really a lot more to the economy than simply taxes |
MajorChode |
Dec-31-08 06:29 AM |
#22 |
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Couldn't you attribute the economy under Carter and the Reagan Recession to... |
Postman |
Dec-31-08 06:54 AM |
#24 |
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I wouldn't |
MajorChode |
Dec-31-08 07:48 AM |
#25 |
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Not at all, at least not directly... |
greyhound1966 |
Dec-31-08 01:53 PM |
#34 |
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Nonsense. |
Postman |
Jan-02-09 06:03 AM |
#75 |
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That is almost exactly what I said. The costs of the Pentagon didn't |
greyhound1966 |
Jan-02-09 08:33 AM |
#76 |
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You are forgetting the oil shocks |
halo experiment |
Dec-31-08 11:56 AM |
#29 |
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I'm not convinced |
MajorChode |
Dec-31-08 01:43 PM |
#33 |
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This really isnt accurate- |
emperor72 |
Dec-31-08 07:56 AM |
#26 |
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This really isn't accurate- |
MajorChode |
Dec-31-08 12:03 PM |
#30 |
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Major, did you live through the 90's? |
emperor72 |
Jan-01-09 12:50 AM |
#51 |
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My union card has a date in the 80's on it |
MajorChode |
Jan-01-09 03:40 AM |
#52 |
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It depends on how one interprets the data. |
Selatius |
Jan-01-09 07:21 PM |
#71 |
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Krugman is dead wrong on this |
MajorChode |
Dec-31-08 01:32 PM |
#32 |
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The hypocrisy and double standards of the Libertarians |
pilsner |
Dec-31-08 03:02 PM |
#36 |
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A libertarian is just an anarchist that lacks committment |
MajorChode |
Dec-31-08 04:56 PM |
#39 |
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Dear sweet Jesus, Krugman is a Nobel-class economist and Hartmann is a radio host |
ThomWV |
Dec-31-08 03:58 PM |
#37 |
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Kind of a false dichotomy no? |
MajorChode |
Dec-31-08 05:07 PM |
#40 |
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Well actually he is a well respected researcher, author, and historian. |
greyhound1966 |
Dec-31-08 06:26 PM |
#43 |
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The two disiplines have a lot more in common than that |
ThomWV |
Jan-01-09 08:51 AM |
#57 |
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With a degree in computer science, and minors in chemistry and biology, |
greyhound1966 |
Jan-01-09 01:33 PM |
#59 |
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Krugman earned his Nobel for his research regarding Free Trade n/t |
pilsner |
Dec-31-08 09:28 PM |
#46 |
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I'm going with Hartmann |
Raineyb |
Jan-01-09 02:44 PM |
#63 |
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Maybe not the guy who said.. |
girl gone mad |
Jan-01-09 03:13 PM |
#65 |
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Correct me if I'm wrong but didn't Roosevelt raise taxes during an economic downturn? |
Hippo_Tron |
Dec-31-08 05:48 PM |
#42 |
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Krugman, a beacon of reason during the last decades, has been |
leftofthedial |
Dec-31-08 09:23 PM |
#45 |
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Not sure what you've been reading- |
depakid |
Jan-01-09 12:48 AM |
#50 |
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Krugman's blog |
pilsner |
Dec-31-08 09:37 PM |
#47 |
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I certainly hope Krugman supported the 700b bailout. |
zlt234 |
Jan-01-09 04:33 AM |
#54 |
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Rep. Peter DeFazio |
pilsner |
Jan-01-09 08:32 AM |
#55 |
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How's that bailout working out? |
Raineyb |
Jan-01-09 02:48 PM |
#64 |
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12/31 Hartmann show |
pilsner |
Dec-31-08 11:05 PM |
#48 |
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Hartmann is absolutely wrong, and Krugman is absolutely right. Hartmann's 'case' is bull. |
zlt234 |
Jan-01-09 04:23 AM |
#53 |
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Here, I'll set the record straight |
pilsner |
Jan-01-09 08:39 AM |
#56 |
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Again, the three "examples" he provides have demonstrable alternative causes. |
zlt234 |
Jan-01-09 02:09 PM |
#62 |
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Why the Economy Grows like Crazy Amid High Taxes (on the wealthy) |
pilsner |
Jan-01-09 06:52 PM |
#68 |
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The economy crashed post-Stock Market Crash because the Fed tightened money supply. |
Selatius |
Jan-02-09 05:13 AM |
#74 |
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Every time the wealthy get a rate cut everyone suffers. |
Usrename |
Jan-01-09 08:53 AM |
#58 |
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Have you taken Macroeconomics 101? This is really basic material. |
zlt234 |
Jan-01-09 01:55 PM |
#60 |
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I think you are inadvertantly making Hartmann's point |
sutz12 |
Jan-01-09 02:01 PM |
#61 |
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You do make my point for me. |
Usrename |
Jan-01-09 03:46 PM |
#66 |
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I am saying we need to give tax cuts to the working poor without raising taxes anywhere else. |
zlt234 |
Jan-01-09 09:21 PM |
#72 |
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Do you disagree with these observations? |
Usrename |
Jan-02-09 04:09 AM |
#73 |
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The problem is, larger deficits really aren't an option |
MajorChode |
Jan-02-09 06:58 PM |
#77 |
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I think this kind of restructuring has to be stimulative. |
Usrename |
Jan-03-09 08:26 AM |
#79 |
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That's one way to look at it |
MajorChode |
Jan-03-09 02:33 PM |
#80 |
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You are absolutely correct. |
Usrename |
Jan-03-09 04:30 PM |
#81 |
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You're correct, but looking at it the wrong way |
MajorChode |
Jan-03-09 07:30 PM |
#82 |
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the more benefit you receive from that society, |
Usrename |
Jan-04-09 09:43 AM |
#85 |
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Thom Hartmann doesn't have authority to speak on this matter |
gravity |
Jan-01-09 04:15 PM |
#67 |
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What do you mean authority? |
pilsner |
Jan-01-09 07:02 PM |
#69 |
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Let's return to Tax & Spend policies |
pilsner |
Jan-01-09 07:08 PM |
#70 |
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Thom twice tipped his hat to Krugman today |
pilsner |
Jan-02-09 11:45 PM |
#78 |
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Hartmann came way down in my estimation this week with his defense |
Peregrine Took |
Jan-03-09 08:06 PM |
#83 |
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Did you hear the hour with Ray Hanania? |
pilsner |
Jan-03-09 09:48 PM |
#84 |
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