tag:blogger.com,1999:blog-3758330678390419129.post4781741142272571857..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: Krazed Konfusion from KrugmanRobert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-3758330678390419129.post-48754333086314819012010-07-07T14:33:30.199-04:002010-07-07T14:33:30.199-04:00Someone that I know that is very good on anticipat...Someone that I know that is very good on anticipating the next political move thinks that we will start to see talk circulate on taxing capital to prevent this.....<br /><br />I agree and this seems to be one step away from that argument....Matt Mnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-62843999850915189962010-07-07T12:57:38.563-04:002010-07-07T12:57:38.563-04:00Companies such as Apple and Microsoft use billions...Companies such as Apple and Microsoft use billions of dollars of "idle cash" defensively as well as offensively.<br />Cash is also great insurance to cover periods of negative cash flow (whether from increased costs/expansion or decreased revenue).<br />HOAs "hoard" cash so they can pay with cash instead of loans.<br /><br />imho, Krugman's main miss here is that he Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-42035142424736851492010-07-07T12:39:11.938-04:002010-07-07T12:39:11.938-04:00PaulinaPaulinaKeithhttps://www.blogger.com/profile/10557759519295162090noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-10050283704994607512010-07-07T09:55:05.049-04:002010-07-07T09:55:05.049-04:00We should also mention the other side of the coin ...We should also mention the other side of the coin that PK doesn't talk about: price. He is concerned about "hoarding"; the great and true Keynesian bugbear. I recall a Rothbard quote that chastised any economist who fretted about gluts or surpluses without discussing price. If the capital structure were allowed to adjust, there wouldn't be the desire to "hoard". Anonymousnoreply@blogger.com