Great Article from Stossel on the games Politicians play when "Cutting Spending"

Hombre · Feb 16, 2012

Quote from Ricter:

You have some kind of snapshot view of reality here, instead of a process view. If I told my friend last month he could still load his plate as he has always done, but now cut the carbs, and after a month he gained only 10, where he used to gain 15, then it is entirely plausible that cutting carbs did it. So, if he keeps cutting, next month it could be a gain of 5, then a "gain" of zero, and then in the month after those, a loss of weight. That's why I said the analogy was lacking, it didn't account for some variable that is important and perhaps even key to being able to call this a diet.
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I think you are just playing with the words. waste of time imo but you look smart in the mirror.

Max E. · Feb 16, 2012

Quote from Ricter:

If you look at debt as a percent of GDP, at worst it appears we may be guilty of yo-yo dieting.
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Yo-Yo dieting implies we are going both up, AND DOWN, I only see one "yo" in this diet, ever since the mid 70's.

Hombre · Feb 16, 2012

Quote from Max E. Pad:

He breaks it down in that way in a naive attempt to get through to the 90% of people who dont put in the effort to keep themselves informed, for example, whether you agree, or disagree politically most of the people who regularly post in the politics and religion section are well informed on politics.

If i was to go for a beer with most of my friends outside of trading, they dont know a thing about what is going on in the world besides the odd talking point they hear when they sporadically tune into the news. Stossel attempts to break things down in an incredibly logical way, in an attempt to drive home a point to people who arent paying close attention to the news who just might be happen to tune into his show, or read one of his articles that night.

When you watch, or read a piece by stossell, it is almost impossible for a rational human being to argue with the points he makes, so i think his goal is to sway people who might not watch the news every single day.
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Agree 100%

Yannis · Feb 17, 2012

A Great Oldie

Yannis · Feb 17, 2012

Check The Fine Print On The Right

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Great Article from Stossel on the games Politicians play when "Cutting Spending"

Hombre

Max E.

Hombre

Yannis

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Yannis

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