Comments on: Update II: What Do You Know? We Are Not All Keynesians

By: gunjam

gunjam — Sat, 31 Jan 2009 19:31:11 +0000

Ms Mercer: I salute you for being big enough to give credit to another blogger's (Ms Malkin's) consistent stand against the bailouts/stimulus packages. Too often in the blogosphere people pretend that others do not exist -- sometimes to the detriment of getting the truth out. (Not that Ms Malkin has ever done the same for you -- at least as far as I am aware.) [You are right; she hasn't. With few exceptions, party Republicans have ignored me since the Iraq War.--IM]

By: pkpk

pkpk — Sat, 31 Jan 2009 04:52:12 +0000

Bob, I believe that the Reismans were students of Ayn Rand, before the schism. I wonder why that hasn't been noted here. [You have just noted it here.--IM]

By: Myron Pauli

Myron Pauli — Fri, 30 Jan 2009 22:30:03 +0000

I swear by all of Saddam Hussein’s nuclear arsenal that government spending can create “Green” jobs out of thin air with no “invisible” price! Whenever it comes to expanding government, the so-called “experts” are always in “agreement” – so it seems to the media. Later (in hindsight if Obama’s ratings plunge) the media may apologize – but you already mentioned the schlocky media in your “death of newspapers” blog. The “all in agreement” argument reminds me back in 1988 at a “intelligence modeling” meeting when I dissented from the “consensus” and stated that forecasting “detailed engineering diagrams” of what weapons “the Soviet Union” would field in 2050 was absurd and that we couldn’t begin to forecast technology breakthroughs 62 years in advance and we didn’t even know if there would be a Soviet Union in 2050 … – the debate was ended when some big authoritarian colonel got up and told me to “shut up”. The media want their access to Messiah Obama and his flunkies and so they pass on the Gospel (Global Warming, Economic Stimulus, etc.) and know when to “shut up”.

By: Bob Schaefer

Bob Schaefer — Fri, 30 Jan 2009 14:17:41 +0000

By the way your tribute to George Reisman is excellent. Mr. Reisman, who is naturally not a Keynesian, writes the most valuable economic blog on the internet. I believe he was a student of the great Ludwig von Mises. His blog posts, though infrequent, are priceless.

By: Bob Schaefer

Bob Schaefer — Fri, 30 Jan 2009 14:06:14 +0000

In truth there are thousands and thousands of economists who oppose the Keynesian psychosis. As with Global Warming, mainstream media defines and controls the gates of the nuthouse.