tag:blogger.com,1999:blog-3758330678390419129.post578121108465926425..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: Krugman's One Note Short Discussion of Obama's Wealth TransfersRobert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-3758330678390419129.post-12607491067831175672014-04-23T19:28:08.489-04:002014-04-23T19:28:08.489-04:00"this wealth transfer means less capital for ..."this wealth transfer means less capital for the economy"<br /><br />So, the capital evaporates when held by a poor person but not by a rich person? Wow, that's magical. Is that, like, something that God does? He yells down from on high "You are not deserving!" and, poof, the capital disappears?<br /><br />In the current environment, we have a lot of capital sitting Cesiumhttps://www.blogger.com/profile/02025636403503365433noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-14877349638385299412014-04-22T14:38:04.419-04:002014-04-22T14:38:04.419-04:00Wolfie is economically ILLITERATE, absolutely clue...Wolfie is economically ILLITERATE, absolutely clueless about Broken Window Fallacy!<br /><br />Which is why he keeps getting PWND!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-12609495939323094652014-04-21T22:29:09.850-04:002014-04-21T22:29:09.850-04:00JW: Troll.JW: Troll.Richienoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-82107668808646449752014-04-21T21:34:34.822-04:002014-04-21T21:34:34.822-04:00your explanation is a lame excuse for self preserv...your explanation is a lame excuse for self preservation....<br />the poor are already poor...<br />.the rich are scared of becoming poor...<br />.the safety net is an excuse to maintain the money printing for the rich, not the poor...<br />just look at the wealth concentrations<br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-17542756572540466152014-04-21T19:06:54.015-04:002014-04-21T19:06:54.015-04:00Hahahaahahaah........the poor are better off when ...Hahahaahahaah........the poor are better off when taxes are cut on the wealthy. That is hilarious. Can't believe in 2014 people still sell that horse shit.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-82914637167246293942014-04-21T14:45:05.389-04:002014-04-21T14:45:05.389-04:00Name one super rich person who didn't become s...Name one super rich person who didn't become super rich through racketeering. When you think of someone, be sure to explain how that person is representative of the super rich rather than an exception to the rule that the super rich become that way through racketeering arranged under the color of law.<br />.<br />.<br />.<br />Still waiting...<br />.<br />.<br />.<br />Still waiting...<br /><Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-21242046565947364302014-04-21T14:04:12.307-04:002014-04-21T14:04:12.307-04:00The rich weren't who were being saved, the gov...The rich weren't who were being saved, the government saved itself and in the process saved the rich and everyone else for a little while anyhow. Why people don't get this is simply amazing. Had the government let the financial sector collapse, it would have become a junky without a dope dealer. The government can't regulate the financial markets because it needs them like a crack Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-83303326165623204342014-04-21T12:22:54.442-04:002014-04-21T12:22:54.442-04:00"The traditional gold standard was so effecti... "The traditional gold standard was so effective because it provided an 'automatic stabilizer.' If Credit was created to excess, an economy would suffer a loss of gold. The reduced gold reserve would dictate higher rates and a (stabilizing) contraction in lending. Bankers and politicians understood the mechanics of the system (and were committed to sustaining the monetary regime), soAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-11958384297270690292014-04-21T12:19:47.757-04:002014-04-21T12:19:47.757-04:00No, you mean the rich were saved....the system sho...No, you mean the rich were saved....the system should have collapsed...the wealth extraction via zirp, qe levitated faux equity on an overcollateralized debt backbone that was layed off on the public and channeled (extracted) into private hands.....lets cut the bs....Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-45064773336236916772014-04-21T12:03:08.051-04:002014-04-21T12:03:08.051-04:00Oh, and there's that whole stealing thing too,...Oh, and there's that whole stealing thing too, of course.Onlookerhttps://www.blogger.com/profile/07742157936955263465noreply@blogger.com