Skewering of Leftist Economic "Conventional Wisdom"

whell · #1 02-02-2018, 02:31 PM

Your post from today:

Quote:

Originally Posted by finnbow

So, three hundred out of 6 million companies gave their employees a raise? What about the other 5,999,700 companies?

Your post from Jan 11:

Quote:

Originally Posted by finnbow

Again, Whell uses a single anecdote to try to prove a larger point, just as he did with the Carrier deal in Indiana (where Trump "saved" hundreds of jobs, only to have Carrier move all the jobs to Mexico anyway). The only thing this anecdote proves is the existence of an anecdote.

Looks like we're making progress. At least you're willing to admit these are no longer anecdotes.

As for an answer to your question:

http://www.politicalchat.org/showpos...&postcount=136

Rising pay, due to more jobs available and more demand for labor will be a factor for all US companies to deal with. See? Its not that hard. Those additional tax payers with increasing wages should bode well for all your concerns about a flush US Treasury.

Also, don't recall any posts that you may have made during the Obama years about budget deficits and spiraling debt. Why the sudden concern?

finnbow · #2 02-02-2018, 03:38 PM

Quote:

Originally Posted by whell

Also, don't recall any posts that you may have made during the Obama years about budget deficits and spiraling debt. Why the sudden concern?

Because deficit spending is exactly the right thing to do to jump start an economy in a death spiral. It is, however, contraindicated for an economy at full employment due to inflationary concerns.

whell · #3 02-02-2018, 04:31 PM

Quote:

Originally Posted by finnbow

Because deficit spending is exactly the right thing to do to jump start an economy in a death spiral. It is, however, contraindicated for an economy at full employment due to inflationary concerns.

Right, 'cuz that worked so well the last time it was tried.

finnbow · #4 02-02-2018, 04:37 PM

Quote:

Originally Posted by whell

Right, 'cuz that worked so well the last time it was tried.

Are you disputing the point I made?

whell · #5 02-03-2018, 09:33 AM

Quote:

Originally Posted by finnbow

Are you disputing the point I made?

I think the evidence tends to dispute your point.

finnbow · #6 02-03-2018, 09:41 AM

Quote:

Originally Posted by whell

I think the evidence tends to dispute your point.

Bullshit. Every economist worth his weight in shit supports deficit spending to stimulate a recovery and not one advocates increased deficit spending to stimulate an economy already at full employment. This happens to be the very same reason that virtually no economist supports a Balanced Budget Amendment as it would kill the ability to stimulate an economy in times of need. You really need to study and understand economics a bit better if you don't want to continue making such a fool of yourself.