tag:blogger.com,1999:blog-3758330678390419129.post8312639362441889099..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: Wenzel on the Peter Schiff ShowRobert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger46125tag:blogger.com,1999:blog-3758330678390419129.post-2353008694622285852011-10-21T21:45:20.879-04:002011-10-21T21:45:20.879-04:00Anon 11:45,
My above analysis assumed a single pr...Anon 11:45,<br /><br />My above analysis assumed a single producer (to aid the layman's understanding) and I eliminated the realities of specific and non-specific factors. Obviously, that is not an ideal economic analysis, then again it was only meant to be a simplification. If you are at all interested in understanding the gaps that I deliberately left in my analysis, I recommend this:<br Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-11101428135960989512011-10-21T12:11:57.445-04:002011-10-21T12:11:57.445-04:00Anon 11:45,
I assume that your comment is directe...Anon 11:45,<br /><br />I assume that your comment is directed toward me.<br /><br />Which part? Or, is it all wrong? If it is all wrong, then are you (in a roundabout way) telling me that the cost-theory of value and/or the labor theory of value is correct? And, if so, can you qualify that position?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-4884986578205392322011-10-21T12:05:50.643-04:002011-10-21T12:05:50.643-04:00I don't think anyone has posted this link here...I don't think anyone has posted this link here yet. Bob Murphy has an interesting take:<br /><br />http://consultingbyrpm.com/blog/2011/10/quick-note-on-consumption-vs.-income-tax.htmlBob Englishhttps://www.blogger.com/profile/14790005723107501043noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-28403182306977283452011-10-21T12:01:00.421-04:002011-10-21T12:01:00.421-04:00Yes, Schiff talked over Wenzel, which was annoying...Yes, Schiff talked over Wenzel, which was annoying. But, in the end, as many of us argued in the comments under Wenzel's original post, Bob wasn't being fair to Schiff's views. Schiff didn't say he liked taxes and government spending. He said that, taxes being a given, sales taxes were preferable to income taxes. Wenzel never addressed this point. He went on pointing out the Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-36235691089396944962011-10-21T11:45:34.524-04:002011-10-21T11:45:34.524-04:00Yes, that is what he was trying to say. And he was...Yes, that is what he was trying to say. And he was wrong.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-11277189815966275702011-10-21T11:40:19.704-04:002011-10-21T11:40:19.704-04:00The problem is that Peter didn't actually let ...The problem is that Peter didn't actually let Bob speak. With that said, I don't really see where they disagree that much. Bob's original post stated that Schiff was in favor of the 9-9-9 plan. Schiff bluntly stated during the interview that borrowing is more damaging to the economy than taxing, so he would only be in favor of the plan if it dramatically cuts gov't spending so Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-67770280438293176672011-10-21T11:37:20.293-04:002011-10-21T11:37:20.293-04:00Here is a simplified version of what I think Rober...Here is a simplified version of what I think Robert was trying to say on the show. I'll keep it simple by using a single producer, as well as leaving out interest, and the realities of specific factors of production and non-specific factors. <br /><br />Consumers dictate the price of ALL goods through their individual subjective valuations upon consumer goods. In other words, the price ofAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-67032899704803213812011-10-21T11:31:37.260-04:002011-10-21T11:31:37.260-04:00@Anom 11:25
Well maybe it would have been differe...@Anom 11:25<br /><br />Well maybe it would have been different if Schiff actually allowed Wenzel to speak.<br /><br />Schiff sounded like a cornered rat who knew his only chance to survive was to keep on talking and not allow Wenzel to make his points.Tonynoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-67247969390966787632011-10-21T11:17:49.046-04:002011-10-21T11:17:49.046-04:00That wasn't an interview or a debate. It was S...That wasn't an interview or a debate. It was Schiff attempting a total blocakde of RW's points.<br /><br />I have never heard Schiff on the radio before but I just lost a lot of respect for him.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-59675828095705670112011-10-21T11:14:37.651-04:002011-10-21T11:14:37.651-04:00Why didn't Schiff let Wenzel talk?
He talked ...Why didn't Schiff let Wenzel talk?<br /><br />He talked over him the entire time.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-5185255598262010882011-10-21T10:26:20.189-04:002011-10-21T10:26:20.189-04:00Nice to see the EPJ readers listening to the Schif...Nice to see the EPJ readers listening to the Schiff show today....they will get to learn something for a changeAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-91044400352528537352011-10-21T10:23:06.621-04:002011-10-21T10:23:06.621-04:00Good.....Schiff put Wenzel on the mapGood.....Schiff put Wenzel on the mapAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-21409818720975664012011-10-21T10:22:15.761-04:002011-10-21T10:22:15.761-04:00You can listen for free on the top where it says &...You can listen for free on the top where it says "Listen to the Live Audio Stream"<br /><br />you dont have to pay...its radio lol.Chris K.noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-73131203773301453392011-10-21T10:03:47.600-04:002011-10-21T10:03:47.600-04:00FYI Schiffs site has your name misspelled.
Pete...FYI Schiffs site has your name misspelled. <br /><br /><br />Peter is having Robert on because Peter can't stand to be told he's wrong...about anything. Peter is a smart guy but has a big ego to go with it. So be careful Robert. He will undoubtedly cut you off and talk over you. I've seen it time and time again.Chris K.noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-33790935136053307022011-10-21T09:53:58.461-04:002011-10-21T09:53:58.461-04:00Will I be able to listen to this live without payi...Will I be able to listen to this live without paying?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-48302086588846826732011-10-21T09:16:46.368-04:002011-10-21T09:16:46.368-04:00Anon,
Like water off a ducks back, as they say.
F...Anon,<br />Like water off a ducks back, as they say.<br /><br />Fitz, thanks. I appreciate that.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-57972590339895082862011-10-21T07:55:23.435-04:002011-10-21T07:55:23.435-04:00Wenzel, you sly fox. This was your plan all along!...Wenzel, you sly fox. This was your plan all along! Great marketing stunt.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-42384525382903536102011-10-21T05:42:04.972-04:002011-10-21T05:42:04.972-04:00no need to debate now. Let's listen to the sho...no need to debate now. Let's listen to the show...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-64965909529248259112011-10-21T04:12:24.353-04:002011-10-21T04:12:24.353-04:00Would love it if you guys could debate China (thou...Would love it if you guys could debate China (though I expect 9-9-9 to take up all the time). I'm a fan of Schiff, but he seems way to starry-eyed on the Chinese economy.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-75773068681733392462011-10-21T02:44:14.627-04:002011-10-21T02:44:14.627-04:00@Anon 9:16
Touche!
...but keep the comments comi...@Anon 9:16<br /><br />Touche!<br /><br />...but keep the comments coming Fetz :PAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-89663650107887764382011-10-21T02:43:32.894-04:002011-10-21T02:43:32.894-04:00@ Anon 9:16...best comment ever.@ Anon 9:16...best comment ever.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-54630258706111766242011-10-21T02:26:17.807-04:002011-10-21T02:26:17.807-04:00Peter is obviously very good, but Wenzel is a mast...Peter is obviously very good, but Wenzel is a master at this stuff. Wenzel will win in this debate unless Schiff pulls an O Reilly and just shouts over him the whole time.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-12753154073585903962011-10-21T00:56:46.181-04:002011-10-21T00:56:46.181-04:00This comment has been removed by the author.BBHhttps://www.blogger.com/profile/15705384220477624679noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-4508822052260519822011-10-20T23:51:14.598-04:002011-10-20T23:51:14.598-04:00I think Peter's argument will probably be that...I think Peter's argument will probably be that he likes a tax on consumption more than earnings because it taxes people for taking from our finite resources instead of improving them (by manufacturing) or adding to them by providing a service or labor. They will probably both agree that taxes are way too high which hinders the economy, they may just disagree on how the taxes that remain are Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-35992613665311045152011-10-20T22:41:35.011-04:002011-10-20T22:41:35.011-04:00I love you both (not in a gay way)!!!!!! Please d...I love you both (not in a gay way)!!!!!! Please don't fight!!!!! I do want to hear what Peter has to say about your view that the economy is turning around. Be bold, and if Peter starts talking too much, cut him off.Nathannoreply@blogger.com