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Message
got any questions you want to ask Paul Krugman?
Posted on 5/1/12 at 2:41 pm
Posted on 5/1/12 at 2:41 pm
He's doing an AMA on reddit in about an hour.
I'm not sure why he's doing it though.. is he pushing a new book?
I'm not sure why he's doing it though.. is he pushing a new book?
This post was edited on 5/1/12 at 2:42 pm
5
Posted on 5/1/12 at 2:43 pm to baytiger
Posted on 5/1/12 at 2:50 pm to baytiger
quote:
"End This Depression Now!"
I guess he believes he has it all figured out. Wonder what we should all be buying, selling and saving.
Posted on 5/1/12 at 3:00 pm to baytiger
quote:
got any questions you want to ask Paul Krugman?
Momma always said, "if you can't say nothing nice, don't say nothing at all"
So I'll sit this one out.
ETA: I do like that legitimate scholarly figures are embracing forms of communications such as this.
This post was edited on 5/1/12 at 3:02 pm
Posted on 5/1/12 at 3:17 pm to TheHiddenFlask
I'd be curious why he thinks a sufficiently large stimulus could have worked at returning the economy to full employment, when clearly there were not enough valuable investments to go around that such money could have been spent on.
This would be supposing that getting a large-enough stimulus were politically plausible.
Background: I think the last estimate I heard was that we'd have needed a stimulus of ~$1.6 tril, and it would have needed a multiplier of >1. In fact what we got was <0.9 tril, and the most recent estimates of its multiplier I saw were ~0.6 max, posted by John Taylor.
Not signing in to reddit for that though, I know he just wants to lecture idiots that both support and oppose his ideology.
This would be supposing that getting a large-enough stimulus were politically plausible.
Background: I think the last estimate I heard was that we'd have needed a stimulus of ~$1.6 tril, and it would have needed a multiplier of >1. In fact what we got was <0.9 tril, and the most recent estimates of its multiplier I saw were ~0.6 max, posted by John Taylor.
Not signing in to reddit for that though, I know he just wants to lecture idiots that both support and oppose his ideology.
Posted on 5/1/12 at 3:23 pm to 90proofprofessional
quote:
Not signing in to reddit for that though, I know he just wants to lecture idiots that both support and oppose his ideology.
Frankly, any question I could think to ask Paul Krugman I already know what he'd answer.
Posted on 5/1/12 at 3:27 pm to baytiger
quote:
got any questions you want to ask Paul Krugman?
Yes, if the dealer has an eight showing and I'm holding a soft seventeen, should I stay or take a card?
Posted on 5/1/12 at 4:32 pm to 90proofprofessional
quote:
I'd be curious why he thinks a sufficiently large stimulus could have worked at returning the economy to full employment, when clearly there were not enough valuable investments to go around that such money could have been spent on.
I am not sure what you are speaking to exactly, but national infrastructure needs alone, especially bridge related, would likely cost trillions. Wouldn't put 100M people back to work in a year, but something needs to be done to decaying transportation systems in this country. And I read $1.8T stimulus which was a non-starter. I could take Krugman or leave him, immediate severe austerity in a highly leveraged world isn't much of a solution in Europe, either.
I could go on about the state of health care, which absolutely f'n sucks too, being that I got the hammer of shock applied to me by a GI Dr and consulting surgeon yesterday for something that should have been picked up on numerous tests I had done and paid big bucks for 3-years ago. What a great system we currently have where specialists can't even communicate amongst themselves and the patient pays the price with future diminished health.
Posted on 5/1/12 at 4:47 pm to tirebiter
Yeah, it might have been 1.8. I'm not certain
I've seen the writeups on this "decay" and found the direness of the situation quite unconvincing.
At any rate, a lot of stimulus money did go toward infrastructure projects, only slowly and in much less than trillion-dollar amounts. The lack of timeliness is part of what I mean when I talk about a lack of valuable investments to go around. If something takes years to get underway, it's not gonna do shite to return the economy to full employment now. And while it's in progress (road construction) resulting traffic delays will damage productivity, making the projects cost society much more than just the outlays. Scenarios where it's still worth it are not as common as you'd imagine. "Fixing our crumbling infrastructure" is not a magic bullet
As far as the healthcare gripes go I suppose they might have something to do with the macroeconomy, if you're talking about fixing inefficiency and getting better health outcomes with the same resources (or the same outcomes using less resources). Of course, when our policymakers' weapon of choice there is regulation, that outcome is unlikely
quote:
national infrastructure needs alone, especially bridge related, would likely cost trillions. Wouldn't put 100M people back to work in a year, but something needs to be done to decaying transportation systems in this country.
I've seen the writeups on this "decay" and found the direness of the situation quite unconvincing.
At any rate, a lot of stimulus money did go toward infrastructure projects, only slowly and in much less than trillion-dollar amounts. The lack of timeliness is part of what I mean when I talk about a lack of valuable investments to go around. If something takes years to get underway, it's not gonna do shite to return the economy to full employment now. And while it's in progress (road construction) resulting traffic delays will damage productivity, making the projects cost society much more than just the outlays. Scenarios where it's still worth it are not as common as you'd imagine. "Fixing our crumbling infrastructure" is not a magic bullet
As far as the healthcare gripes go I suppose they might have something to do with the macroeconomy, if you're talking about fixing inefficiency and getting better health outcomes with the same resources (or the same outcomes using less resources). Of course, when our policymakers' weapon of choice there is regulation, that outcome is unlikely
This post was edited on 5/1/12 at 4:49 pm
Posted on 5/1/12 at 4:59 pm to 90proofprofessional
quote:
I've seen the writeups on this "decay" and found the direness of the situation quite unconvincing.
I've seen the opposite, the stats on GA bridges alone are scary, bridges built 50 years ago did not envision the loads carried today. shite, a massive part of facade (it was in the tons of lbs) of a new overspan crossing 75/85 running through downtown ATL fell off a few months ago and would have been a huge cluster F if it hadn't happened at 2AM that was pure design issues. There is massive decay on other structures in that area.
quote:
As far as the healthcare gripes go I suppose they might have something to do with the macroeconomy, if you're talking about fixing inefficiency and getting better health outcomes with the same resources (or the same outcomes using less resources). Of course, when our policymakers' weapon of choice there is regulation, that outcome is unlikely
It is not a gripe, it is reality and if it happens to you you might better understand and it has Nothing to do with, nor desire for, more regulation. It is where HC is now and what the frick will be done to improve outcomes and quality of life instead of specialists ordering more and more tests but yet providing no course of improvement or action for the patient from said test results. I am not in the minority of having this happen to them as I can click off 5 friends and family with misdiagnosis or complete misses that have been negatively impacted healthwise and monetarily.
Posted on 5/1/12 at 5:01 pm to baytiger
My question -- "Why does anyone give a f'ck about what you think when it's clear you'll simply regurgitate the liberal/DNC talking points, and you're ALWAYS f'ing wrong?"
Posted on 5/1/12 at 5:15 pm to tirebiter
quote:
I've seen the opposite, the stats on GA bridges alone are scary, bridges built 50 years ago did not envision the loads carried today. shite, a massive part of facade (it was in the tons of lbs) of a new overspan crossing 75/85 running through downtown ATL fell off a few months ago and would have been a huge cluster F if it hadn't happened at 2AM that was pure design issues.
I don't doubt this at all, but it does not follow that there are trillions of dollars of worthwhile infrastructure revamps right now.
quote:
I am not in the minority of having this happen to them as I can click off 5 friends and family with misdiagnosis or complete misses that have been negatively impacted healthwise and monetarily.
Well, I would agree that if it's so widespread, it results in waste&losses to the economy. So, in the context of this thread, what type of fix to this could be effected thru stimulus?
Posted on 5/1/12 at 5:47 pm to baytiger
Just one question for you Paul...
How in the frick did you win a Nobel Prize?
I love that he embraces the social media portion, but that doesn't mean I agree with anything he says.
How in the frick did you win a Nobel Prize?
I love that he embraces the social media portion, but that doesn't mean I agree with anything he says.
Posted on 5/1/12 at 7:18 pm to 90proofprofessional
quote:
Well, I would agree that if it's so widespread, it results in waste&losses to the economy. So, in the context of this thread, what type of fix to this could be effected thru stimulus?
It would be stimulative to the economy and financial health of Americans that actually pay via insurance or out of pocket to access the health system to have a more productive and cost efficient medical system, the current status is currently a broken system, private or public, from insurance through care providers. My wife has to call doctors multiple times a day due to errors they have prescribed patients for various treatment and/or misprescribed pharma, it is pathetic the number of errors made on their end.
Posted on 5/1/12 at 7:31 pm to 90proofprofessional
quote:
I don't doubt this at all, but it does not follow that there are trillions of dollars of worthwhile infrastructure revamps right now.
That's your opinion, you are welcome to it. I am a fiscal conservative, but something put to productive good use would be welcome. ATL is so gridlocked large corporate employers continually hold it against the metro area when trying to attract new facilities. I dislike govt waste with the best of them, that's half the issue with pulling the trigger on large scale projects, but if nothing is done due to concerns of affecting current traffic it only worsens over time.
It's quite different from the uprising against the Falcons prospective stadium, I'm not lining up to kick in $300M in tax payer subsidies for a $1B facility that will only enrich Arthur Blank when the Dome was renovated ~ 6 years ago and is perfectly useful.
Posted on 5/1/12 at 7:49 pm to BennyAndTheInkJets
Posted on 5/2/12 at 8:57 am to kfizzle85
Krugman wrote that right around the time Arkansas won our NCAA championship in basketball. According to the SECr, that's long enough for it to be irrelevant so that must mean that his work is irrelevant at this point.
In all seriousness you're dead right, whe he was writing about international trade and currenices he was a well respected economist that, as his bio says, challenged traditional wisdom. Now he just trolls.
In all seriousness you're dead right, whe he was writing about international trade and currenices he was a well respected economist that, as his bio says, challenged traditional wisdom. Now he just trolls.
Posted on 5/2/12 at 10:52 am to BennyAndTheInkJets
What I find hilarious about it/him is the compare/contrast to this site actually. There are people on here on various boards that are absolutely master trolls. They have perfected the art of trolling and its quite hilarious to watch. Then you have the clowns that try to troll and just suck at it. The difference is the subtlety with which they approach it, with the master trolls just slowly, calmly, throwing that bait out there and watching the mad build up, and up, and up. Krugman is a legit professional troll, I seriously think he probably sits in his office and laughs like a message board poster. The only thing better than a master troll is when a shitty troll gets re-trolled by a master troll and they just totally bite hard. This happens on the MSB fairly regularly and when I catch those threads they make my fricking day. 
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