come down to again misquoting and twisting the facts? where did I slur against the asians? you drunk or something? ps; i see no point trying to reason with RATs.
Toc, you are the 'King of Sentence Fragments', and the 'e.e. cummings' of capitalisation on this forum! Don't you remember that little smilely face you put on your previous post? Once you get over the Asian slurr, it was the most literate part of your post.
Well Toc at least we revealed the essential nature of your commentary at its exposed core. Mindless insults and slurrs, poorly written and devoid of any intelligent argument. What are you doing on an economics page...stalking people?
Toc should pull apart that article piece by piece. For example: "Governments should reduce taxes on capital income and eliminate taxes on capital gains entirely." 10 Reasons to Eliminate the Tax Break for Capital Gains In a ZIRP world with a balance sheet recession going on, cutting the tax bill for the over $200k crowd will not magically turn the economy around. See the one economic idea the right wing economists never cite regarding their coddling to the rich: Marginal propensity to consume. The rich are still getting richer but for some reason the economy is still in the dumps. I'll be back with more. It also appears some blogs are putting up some talk of fiscal policy and fiscal multiplers: State Dependence and Fiscal Multipliers Fiscal stimulus None so blind
Though I would not want to "...take away an [in]correct conclusion", I can't help wondering if you might be moving dangerously close to "...justify[ing] [your] preconceived notions that have precisely dick to do with what's actually happening in the real world" when you write: "The euro needs to go because it's the opposite of what Europe needs." I'm not sure the parallels are there between Jane Jacobs' big city neighborhoods and the countries of Europe -- though they may be. In the ramshackle ruins of the once great nation known to us as the United States of America we have Miami, where Cuban Spanish is spoken and plantains are on the menu, and we have Detroit, where barbequed sausages are washed down with Miller Light amidst a babble of Ebonics. The country is a mishmash of cities with vastly different cultural heritages; yet each city and hamlet uses the same boring currency. Am I to conclude from your remarks that the economies of Miami, Detroit, New Orleans and Palo Alto could all be improved if only each of these Cities, or the States they belong to, had their own separate currencies issued by their own central banks? Perhaps that is the answer! It was staring us in our collective faces, and we didn't even realize it: The "Brownie", bearing the likeness of the Governor and printed by the Sacramento-headquartered Bank of California in whatever quantity shall be needed. Debt problems solved!
I especiallly like reason #4."Cap gains are complicated and we need more accountants to work on simpler problems""
I did a google search on "trade deficit" and read the wikepdia analysis today. There's a brief summary with the usual suspects, namely Keynes and Milton Friedman. Some interesting stuff if you have an interest in forex. I heard this before from one of the few guys that made any sense on CSPAN. I think he was in charge of U.S exports. The funny thing about trade deficits is, the idea isn't to beat the other guy. The idea is to tie him.