tag:blogger.com,1999:blog-3758330678390419129.post5964614175605166596..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: Paul Krugman's Inferiority ComplexRobert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-3758330678390419129.post-16816062980262912362011-01-11T07:35:20.620-05:002011-01-11T07:35:20.620-05:00>>>After explaining Austrian business cyc...>>>After explaining Austrian business cycle theory to him, he snidely remarked, "Well that sounds like a simple theory."<<<<br /><br />You should have said: "Well, that's because sound economics is not brain surgery."Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-36933028857101347452011-01-10T18:34:50.230-05:002011-01-10T18:34:50.230-05:00The Rothbard quote on the joys of obscurantism was...The Rothbard quote on the joys of obscurantism was excellent. Here is Hayek (on Firing Line, 1977) explaining other deep complexities of Keynesianism:<br /><br /><em>Hayek: You see, another political element was that, of course, politicians just lapped the argument and Keynes taught them if you outspend your income and run a deficit, you are doing good to the people in general. The politiciansBob Roddisnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-43259465879817348282011-01-10T18:19:53.016-05:002011-01-10T18:19:53.016-05:00Krugman's is an appeal to Shamanism -- typical...Krugman's is an appeal to Shamanism -- typical.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-9071222595043343812011-01-10T17:55:19.320-05:002011-01-10T17:55:19.320-05:00I believe most Cults need to put up the illusion t...I believe most Cults need to put up the illusion that they are intellectually superior to all others.<br />This way they can interpret their nonsense to their recruits and make it sound scientific.<br />Austrian Economics needs no interpreters.<br /><br />Mr Krugman 2 things.<br />#1 Debate Mr "Simpleton" Murphy<br />#2 Gives us an equation for stimulus spending and it's results. NoAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-58907051219804639192011-01-10T16:32:52.500-05:002011-01-10T16:32:52.500-05:00Obscurantist, indeed. There is a quote out there ...Obscurantist, indeed. There is a quote out there from someone who was a graduate student in the 1930s who said that young economists felt elated to the point of giddiness when they imagined the long careers ahead of themselves as interpreters of Keynes's General Theory. No wonder they dislike and ignore the economic works which could be understood by any undergraduate or even high school Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-61328853453529096442011-01-10T16:00:50.649-05:002011-01-10T16:00:50.649-05:00Krugman generally posts my comments as long as I c...Krugman generally posts my comments as long as I call him names in a nice polite manner (although I don’t know why I bother). Like today:<br /><br /><em>"[G]oldbuggism is intellectually easy".<br /><br />Oh, really?<br /><br />http://www.cobdencentre.org/2009/07/de-soto/<br /><br />Then how come neither you nor your statist comrades have ever demonstrated the slightest familiarity withBob Roddisnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-9346957467106682012011-01-10T15:11:55.684-05:002011-01-10T15:11:55.684-05:00Keynesianism is easy to understand (spend more, an...Keynesianism is easy to understand (spend more, and if it does not work, spend more!!). That is why it became mainstream even being evidently false.Erroreshttps://www.blogger.com/profile/11478726583499830007noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-73150480908446851952011-01-10T14:53:00.168-05:002011-01-10T14:53:00.168-05:00Rothbard, Classical Economics: An Austrian Perspec...Rothbard, <a href="http://mises.org/resources/3986/Classical-Economics-An-Austrian-Perspective-on-the-History-of-Economic-Thought-Volume-II" rel="nofollow">Classical Economics: An Austrian Perspective on the History of Economic Thought, Volume II</a>, page 12 (28 in pdf file): <br /><br /><i>Because he [Say] was a splendid writer, because he avoided the rough and tortured prose of a Ricardo, Paulhttps://www.blogger.com/profile/05595380853679684624noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-54487140953962234802011-01-10T14:32:08.806-05:002011-01-10T14:32:08.806-05:00The source of that “physics envy” is the need for ...The source of that “physics envy” is the need for a system that can be deliberately controlled <b>by the statist</b>. On “Meet the Press” in 1975, Hayek responded to a George Will question:<br /><br /><em>George Will: "Dr. von Hayek, capitalism and particularly American capitalism would seem to have a good record at giving people a rising standard of living. Why are so many intellectuals,Bob Roddisnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-895038176620387002011-01-10T13:36:52.747-05:002011-01-10T13:36:52.747-05:00I love posts like this; it's why I keep coming...I love posts like this; it's why I keep coming to this blog. <br /><br />It provides me with the opposite feeling I get when listening to NPR or watching Fox News (when they don't have someone like Ron Paul or Peter Schiff on as guests).Anonymousnoreply@blogger.com