I Keep Hoping Larry Summers Is Wrong. What if He’s Not?

[ogc163]

 

[mastermind]

Wrong about what?

he is a clown

I know you are a support libertarian policies but theae policies aren’t good for regular people.

 

[ogc163]

he is a clown

I know you are a support libertarian policies but theae policies aren’t good for regular people.

Criticizing windfall taxes isn't libertarian, especially given the context on its potential impact on supply, and so I'm not sure why you'd even bring that into the convo.

And again you didn't answer my initial question, how is Summers wrong on inflation?

 

[mastermind]

Criticizing windfall taxes isn't libertarian, especially given the context on its potential impact on supply, and so I'm not sure why you'd even bring that into the convo.

And again you didn't answer my initial question, how is Summers wrong on inflation?

I brought it up because most of your economic views are based around liberradian economic policies.

And Summers solution to ending inflation is wrong because punishing labor to end inflation isn’t work, especially in this case when we are seeing corporations tell us they are only speculating because labor
pay for it. He knows that and but doesn’t work for regular people, he works for corporations and money men and his only interest is that. You can keep dismissing that—again, you have a libertarian economic viewpoint—but the rest of the world can see it’s bullshyt.

 

[ogc163]

I brought it up because most of your economic views are based around liberradian economic policies.

And Summers solution to ending inflation is wrong because punishing labor to end inflation isn’t work, especially in this case when we are seeing corporations tell us they are only speculating because labor
pay for it. He knows that and but doesn’t work for regular people, he works for corporations and money men and his only interest is that. You can keep dismissing that—again, you have a libertarian economic viewpoint—but the rest of the world can see it’s bullshyt.

A person doesn't need to be a libertarian to see that windfall taxes impacting will potentially impact supply, that's a framework that's taught in intro econ courses.

The labor argument is trivial if not irrelevant and requires an oversimplified hero vs villain framework that neglects tradeoffs and secondary effects.

And increasing interest rates and decreasing the money supply has a better record of
undermining inflation than price controls.

 

[mastermind]

A person doesn't need to be a libertarian to see that windfall taxes impacting will potentially impact supply, that's a framework that's taught in intro econ courses.

The labor argument is trivial if not irrelevant and requires an oversimplified hero vs villain framework that neglects tradeoffs and secondary effects.

And increasing interest rates and decreasing the money supply has a better record of
undermining inflation than price controls.

You trivialized that interest rates hurts regular people. Copy.

 

[ogc163]

You trivialized that interest rates hurts regular people. Copy.

And what impact does high inflation have on regular people?

 

[mastermind]

And what impact does high inflation have on regular people?

Oh it sucks

My only point is if we all gonna suffer, let’s do it together. Summers wants regular people to suffer and corporations to have more record profits.

 

[ogc163]

Oh it sucks

My only point is if we all gonna suffer, let’s do it together. Summers wants regular people to suffer and corporations to have more record profits.

Right do it together= tradeoffs, the psycho-analysis of Summers incentives are not what I'm focused on as I've already made clear. I'm focused on his analysis of the issues especially contra the nonsense that has been put forward by the likes of Stoller, Warren, and Porter.

 

[Godless Socialist CEO]

The labor argument is trivial if not irrelevant and requires an oversimplified hero vs villain framework that neglects tradeoffs and secondary effects.

Yeah cause fukk labor right

 

[ogc163]

Yeah cause fukk labor right

I love your childlike responses, let's everyone see how much depth and intellect you have.

 

[Godless Socialist CEO]

I love your childlike responses, let's everyone see how much depth and intellect you have.

This guy sits here and says: "How was a Larry Summers Wrong"

Post's tweet from a few days ago, a sitting US Senator at a hearing disproving Summer's claims of why inflation was happening and what we should do to combat it.

Same dumb fukk a few days later: How Larry Summers wrong.

fukk is wrong with you dude It's over let it go

Let me tell you what a sure sign of intelligence is someone who sticks their head in the sand and refuses to acknowledge a mistake on their part or the part of the man who's balls they sit in this thread and gargle.

"Childlike responses" If my responses are "childlike", your response are those of a mentally handicapped person who feats on paste like it's gourmet food and spends 90% of their day drooling and shytting all over themselves.

Why should anyone show you respect and a real conversation when you continue to be wrong and just ignore anything that proves otherwise?

 

[ogc163]

This guy sits here and says: "How was a Larry Summers Wrong"

Post's tweet from a few days ago, a sitting US Senator at a hearing disproving Summer's claims of why inflation was happening and what we should do to combat it.

Same dumb fukk a few days later: How Larry Summers wrong.

fukk is wrong with you dude It's over let it go

Let me tell you what a sure sign of intelligence is someone who sticks their head in the sand and refuses to acknowledge a mistake on their part or the part of the man who's balls they sit in this thread and gargle.

"Childlike responses" If my responses are "childlike", your response are those of a mentally handicapped person who feats on paste like it's gourmet food and spends 90% of their day drooling and shytting all over themselves.

Why should anyone show you respect and a real conversation when you continue to be wrong and just ignore anything that proves otherwise?

Porter's charts don't undermine the chart Noah Smith posted, him posting his chart earlier is irrelevant, you emphasizing that fact is ridiculous.

The point of Smiths chart is to showcase that corporate profits and inflation are not historically correlated. The greedflation theory is nonsense.

 

[Godless Socialist CEO]

Porter's charts don't undermine the chart Noah Smith posted, him posting his chart earlier is irrelevant, you emphasizing that fact is ridiculous.

The point of Smiths chart is to showcase that corporate profits and inflation are not historically correlated. The greedflation theory is nonsense.

You really aren't gonna just take this L and move on? Incredible

 

[ogc163]

You really aren't gonna just take this L and move on? SAD

I doubt the bravado and false confidence is fooling anyone.

However your posting style does provide value, it allows progressives on this site to see the type of progressive engagement that turns the average person off.

But I'm curious how do you reconcile Porters charts and Stollers theory with the fact that most economist ( including leftwing Keynesians like Noah Smith, Paul Krugman, Brad DeLong, and Adam Ozimek) think it's nonsense?