tag:blogger.com,1999:blog-3758330678390419129.post2824878486375185321..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: 22 Days in Paul Krugman's Masterclass (Day 2) (It Got Worse)Robert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-3758330678390419129.post-83674542986996440922018-11-20T13:57:31.128-05:002018-11-20T13:57:31.128-05:00Things I have discovered on social media over the ...Things I have discovered on social media over the years:<br /><br />1. No non-Austrian has the slightest familiarity with basic Austrian analysis or concepts, especially the fundamental notion of prices as essential information and prices that have been distorted by funny money as distorted information causing the boom/bust cycle.<br /><br />2. No Austrian seems to grasp the full extent of #1, Bob Roddishttps://www.blogger.com/profile/17263804608074597937noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-85803002366197967932018-11-19T13:25:59.759-05:002018-11-19T13:25:59.759-05:0090 bucks for this, huh. Do you suppose in lieu of...90 bucks for this, huh. Do you suppose in lieu of payment, he'll let me break 90 dollars worth of his windows that he will have to replace, and thereby stimulating his local economy by more than that amount. He would surely benefit from a stronger economy more than from that $90.Dhttps://www.blogger.com/profile/07011856643664793898noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-37502184785339592942018-11-19T09:50:03.398-05:002018-11-19T09:50:03.398-05:00Of course, it seems to be beyond Krugman's kno...Of course, it seems to be beyond Krugman's knowledge level that . . . prices act as regularly changing signals to businessmen to provide them cost direction in what to produce and supply."<br /><br />Is this possible, i.e. that he doesn't know how prices function in a free market? Or is it willful ignorance? Or the result of subconsciously disregarding something that doesn't AnnCapphttps://www.blogger.com/profile/04517128415566341346noreply@blogger.com